The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-03-06
THE SINKING FUND COMMISSION.


COMPTROLLER GREENS TRIcKERIEs AGAIN
DEFEATED BY THE MAYOR
The Sinking Fund Commissioners held public
meeting yesterday in the Comptroller's once
There were present the Mayor, who presided the
City Chamberlain, the Chairman Of the Committee
on Finance or the Board of Aldermen and the
Comptroller. The Mayor stated that the special
object for which the meeting had been called was
to consider the communication from the Dock
Department In which the Dock Commissioners
asked the Sinking Fund Commissioners to d.
rect the Comptroller to issue bonds for
sI,OOO,OOO ":or the uses and purposes OF the
Department OF Docks" The Mayor asked the
Comptroller IL he would be kind enough to sug-
gest the proper kind OF resolution to be
offered but the Comptroller refused not natly
but indirectly, by stating that he had no reso.
luton to offer himself ana that he had no sug-
gestons to make as to what form the resolution
should take, because his suggestions were, Gun.
fortunately. always badly received" Quite an
amusing scene ensued at this point, the Mayor
keeping cool as cucumber, while the Comptro-
Ter, by all sorts OF insinuatOns and lodges. that
were as vexatious as they were artful, endeav0red
to render the proper drawing up OF the resolution.
If not Impossible, al least difficult for the other
Commissioners as to make its "proper form" q
matter for serious doubt. The Mayor. however,
got the best OF the Comptroller in the end. Look.
ing over the minutes OF the Board Tor the
past few months he found several reso-
lutlons relating to the issue OF docK bonds
which had been offered by the Comptroller him
self, ana which were drawn up In the form needed
for the resolution for the issue of the $1,000 900
bonds asked for by the Dock Commissioners last
week. At the Mayors request the Secretary made
q copy Of one OF these resolutions. putting the
S!,c00,00O In It's proper place in the copy. Then
MI Gross offered the resolution. Thus cornered
the comptroller determined to gain his point,
wnich the defeat of the resolution, by another
tack, ana that was to make speech 10 snow that
THE WANTS OF THE DOCK DEPARTMENT
were more tnan wants. He argued to show that
the passage OF the resolution ''ncreased the pub.
lie debt just ST. 900, 000 and TOOK good care, know
ing that MIR. Wales, the PresidenL OF the Dock De.
partment was present to suggest that the depart.
would do well. and to sneerlngly re-
mark that ,,men of experience" In matters
alone could tell what the wants OF the department.
were In planning docks, &c. He said that the
plans OF the commissioners submitted two years
ago were not satisfactory to HIN, and he believed
they ought not to re adopted. Until the lnforma-
ton asked for at the last meeting by the Sinking
Fund commissioners mad been obtained from the
DOCK commissioners he deemed 1t unwise that the
resolution should LASS
The MAYOR replied by stating that good wharves
this port, and showed by Official figures that Ia
every case where money in large sums had been
paid l0f their Improvement The returns had been
very great. This way OF increasing the city
deot." SAID he, 'is an admirable one. II we get
twenty per cent on our investments don't think
it's pad business nor tnat the taxpayers would
have cause Tor complaint
Mr. GROSS Endorsed these views OF the Mayor
and spoke Of the nagnilc INT docks he had seen in
European ports, and said not one city abroad pre-.
scented IN the way OF its wharves such miserable
condition. as did those OF this city. lie said he
dio not believe In hamper.ng the Department OF
Docks IN ITS work, and would therefore support
the resolution.
A QUESTION Or A MODEL
The COMPrRoLLEh, alter some further discussion.
took up the resolution and ODec led to It's phrase
ology. lie said the words that Onds should be
issued iron time to time" were indefinite. by
whom was that time to be decided?
The MAYOR remarked That as the resolution was
an exact cory, IN It's pbraseOio2y, Oi resolutions
previously offered by tue Comptroller he thought
amount To as anybody else.
fhe COMPTROLLER sad he was not to be taken
as model as drawer up OF resOlu lions.
IL was finally decided on the ComptrolIcr's mo-
tOn, to Insert after IRON time to tIme'' the words
'as may be necessary TO meet the requirements
OF the Dock Department" and he tnen moved
TO insert 100000 instead OF $1,000. 900. This WAS
voted down, to1 lie then moved to make 1t
S30o,Co1. rms was again voted down by the same
vote, the Comptroller Justllyng ms voting against
the resolution - originally offered ON the ground
that by giving the department S2O0,vO nc one time
for two months At least, and that then they could
get more when they wanted more.
GE1rTSG GREEN IN A CORNER.
'Mr. Comptroller" said u e MAYOR, at This stage
o. the proceedings, N this resolution was passed
tise the b0nds for 600 all at the same tiIneY
The COMPTROLLBR--NO. SIR.
The MAYOR-Weli, don't suppose there Is any
danger that you would -tlaugteri but supDuss
we make 1t 100000 you would advertise bonds
Tor that amour, would you not.
The COMPrROLLER-l would.
The MAYOR-Then II alter that was expended
we $40 III authorize the issue OF $500, 900 more
You would advertise Tor that amount at once
would you notY
the CONpTRoILER-I would advertise Tor that
amount.
The MAYOR-Now, l understand you to have
said that II the resolution ~ pas cd direct ny the
Issue Oh $I.0OOOOO, you would not advertise Tor
the full amount at once, but rom time TO time IA
smaller amounts-say 500, 0C0 ar tmeS
me C0Mr1RoLLER-i certainly woulp not advar.
Use iQr me lull amount at once. | won d. rom
tlne 10 timc, advertise lor such amounts as wuu
be deemed necessary.
The MAYOR-Wel!, then, really can't see whit
good objection you can have TO the PASSAGE OF th,s
resolution limiting the amount to 81, O0j,O00: f,r
II you will not advertise Tor the uI amount 81, n IN
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