New-York tribune., 1874-02-10
THE STATE SINKING FUND DEFAULT


VOKFp-THE STATE IN BETTER CONDITION TO |
MEET INCREASED TAXATION THAN THE CITY.
The Board Of Supervisors, at their meeting |
y,eidas received the bill Ofw c. Conner, Sheriff. for
4 10 a. for expenses incurred tung up his offices,
and he mu of william Dnnham for repairs 10 the |
County jail amounting to $50 6s The bills were re-
toned 10 the appropriate committee. The following |
communication from the Mayor was read:
70 e Honorable pc Board Of Supervisors Of he County
kCc IOIk.
GsSTLENES: The recent characteristic message OF
lat two-thlrds Of certain sinking funds OF the STATE
has been diverted from their purposes ana psin o t V
current extraordinary expenditures OF the olate
upon preteXt aud another Eleven mllnohs ol uol
ars diverted from the funds made sacred
tY the Constitution 10 be apphed 10 me
wants aud Jobs of state government, winch elher
when the expenses we're incurred, or these OUTLAWS
should not nave been made. His Excelency suggests
phed supply these deficiencies ana an extra TAX mas
been already called for these purposes.
You will doubtless remember that In my hrst and
recent messages attention 70 the great hardshp
To New-York City arising from the unjust discrimination
Which this called upon 10 pay and that our over
1TY Titii3 traction OF one-haIf of its whole annual
hscal revenue. IL but last year that Legislation
occency OF $7,0OOO; that proportion, amounting to
100000 which must he raised by tax on TINS city,
by the issne OF It's credit II dne Oonu are ss,u 10
meet tins InisapprOpriauOn by officials OF the state,
slppose the heHSP"PGji Pj V & s VIII censnre aeainst
Reform Administration for increasing the city DEBT
N
Ixcecncv may be- that the sinking fund should he
penshed and the strctes fdlth be kept WIN The
whole STATE debt less than s2jOoO0oO, the State is
amply able TO pay with or without any sinking fund,
and that If the unjust discrimination IN assessments is
persisted by the Legislature aud the STATE authorities
seanst our ey that some steps sIopd ge & Aen 9y
laure from city resist the passage OF any law
winch NAV he introduced TO cast very much too large
proportion Of the additional load caused by this State
deficiency. upon the shoulders OF cys tax
Ihe abstractions. which nave taken place Of the
SINKING fund, have occurred during series OF years
aud although the arguments oi the Governor are con
yet taking into consideration the fact that taxation
present of 80 greVlous a character, II would
be well TO allow the replenishng Of the state
Treasury 10 he also made during series OF
our dnty particular without actual suffering
overtaIauOu. law WAS passed at the session OF 1873
to authorize OF bonds payable installmeuts
A. faT was then Known These bonds have not yei
been Issued additional and paramount one,
why state sinking Funds shonid not again be rapidly
Treasury offer tempting bait for the schemes and
plane OF politicians and may induce fresh raids upon
.cheiners and thieves with which almost every egs
body Of the present day surrounded leading
result which may require some intute Governor
20 send a message 10 the Legislature deplOring
purposes for Whlch they are sactCdiy pledged.
TINS deficiency In the slukng Fund OF over
h, a state loan The good faith of the protect
INC tue sinking fund would thus be maintained The
tLs purpose eHoG nd :" PSpyeT meanrs Su T ae can
ssry for the creation of tns loan should be entered
upou at once and wherever any counties have already
yanced portion of these deficiencies they should
lie reimbursed OF this loan II proposed by the
Controller Of the city last year. IN bill prepared for
that purpose adopt this method The funds that
dcncIept were state funds, they should be made
Good by credit OF the state az large and by the
this city, now when struggling
10 settle up gigantic rObDeres Of our late city rulers,
~ burdens, made mp OF the msappropriations of
The Governor well says in his recent message, that
amount of the sink1g Funds existed only on paper,
and that the moneys belonging 70 them had been
amed dcraying the current expenses OF the Govern
uept in direct violation OF the constitutional require
menis and of the pighted faith Of the State" To bring
tOdians of the sinking Fund OF TINS city they 10
moneys ana them out for current expenses
or In spy various Jobs that aOOt In this city
Among honest men In this cou munity this would be
deemed an O1ense OF high character and violation
OF an faith aud honor When We interpret the Cover
uors emphatic language what does II mean but this
maj dishonest ana unscrupuOus politicians in the |
Legislature, 10 carry out Their purposes OF plumber
passed variety Of bills 10 Put money directly or lndi-
the statute books for the past hye years are fun OF
them) demanded OF the state Controller aud Treasu
jobsi 1t was duty Of these State fiscal officers
Tefuse 10 pay dollar under tnese laws, except tne
payment II was plain e0nteRt % Si Iner dGty to % ns9
those winch they were pghted by ths Constitution,
aud resist the INVASION OF these funds by every posi-
Die means The Language Of the Constitution is plain
render mlssppehensiOn Impossible The use OF
these funds H. as the Governor SAYS direct violation
Of constitutional requirement, aud the pghted faith OF
@st,cs une wo0iG he have nsrlevsd with iobhers
and dextreous lawyetst Would he have sought for a
subtle dishonest legal subteriuge 10 justify plain and
direct violation lof the constitutional requirement
We ali know that than yield one iota TO the
clsuor OF the corrupt Inside and outside OF
Legislature he would have peyished amid their |
Anabemas. and forever lived in the OF all honest
The general statement OF the nefaTiOus absrac
.fions before The people OF this city Will probably
be called on TO raise again some O00OO pay the m
Under these circumstances and before dollar IA
raised for this purpose Debooyes TO inquire through
some agency, that will neither conceal exenuate
;nto the details OF this great wrong When did these
distractions commenced Under what financial officer
ar of1eers they accomplished to the Of $
so OOO aud legal justification have they to offer
Lnow how much results Of this State rapiue
De added the already lDsuppottable burdens piled
upon by punder Of our local bahdu When we have
bis information IL will be time enough 10 determine
whether We will raise moneys 10 put into the sinking
funds Of the state TO invite fresh Pnnaerers. ,,
Hex York Feb 9, 1874
supervisor Cooper moved that the communication be
received and 500 copies OF be printed In pamphlet
Iorn for distribution IN the State Legislature. Super
xises shaick opposed the printing Of the letter
He said that the communication . stump speech,
and that was ia his opinion the joint production OF
Andrew IL. Green and W. y. Hayemeyer. IL was also
aD stack Gov. DIX, aud he considered Gov. DIX
good q his would-be ealumiDatOrs. He
plainly In the communication where Andrew II. Green
6egap 10 write, and where be ended.
Supervisor Gion called Supervisor Van schack TO
ordsr stating his point 70 be that Andrew H. Green
t6 not appear TO be concerDed In the writing the
letter 10 not proper 10 make charges against Mr.
Green The communication was then referred 10 the
Commitfee on Annual Taxes and Finances, and the |
>notoD print IT was lost mol receiving the statutory
l1ots o..... ra.,s n, ,n. u.,,s cou~.
,ter 70 the Board stating the names Of the persons
sen ty dismissed aud the appointments OF clerks and
stSsrs attached TO the Marine Courts s agreed upon at
nc General Term OF the Marine Court bed Feb. g. 1874
Tn. ~, lowing persons were removed: -
J..: @ S ,..n ser.y P2hv EsIis cs. & D.nss y'sse.
n AubrS