, 1876-07-25
CITY FINANCES.

THE FULLERTON AVENUE CONDUIT.
The Finance Committee, with tho Mayor, md
Comptroller, and Commissioner rrindlvIl,c,
had q loug meeting In Mayor Ilcath's place Of
b,tsfness yesterday morning, aud consulted
about tic completion Of tic Fullerton avenue
conduit. The contractors, Messre. FltzS[m-
mons II Council, wcro present, and nude prop
ositlon to tho city, which was that they, the
contractors, would discontinue ths contract for
ono year's time provided they could now be
paid tn full to date, either In cash, cert!l-
catcs Of Indebtedness, or In tho now time roy
enuc warrants. At tho end of the year they
wcre to be allowed 10 resrme wnrk under the
conditions anu specifications now existtng.
THIS proposition tho Aldermen and the other
officials present regarded rs very satisfactory and
just, and they were on1y prevented from accept
would come from. In tho present dulletcu
stats Of tho Treasury, tho payment Of Gvcn d
comparatively snail amount Ia u question OF
consideration, and es Fitzsimmons i Council arc
credited Oh tho gity accounts with about $7O 000
u pnylncnt would draw out no small proportion
Of tho funds III hand. 1t was suggested that
tho contractors be pAiI IN revenue warrants
drawn ngninst SONS particular fund for 1876.
Tho Mayor, however, Is unwilling to, md ho de-
tcrNtnetty announces TINT he will not, sanrttpn
tho drawing OF such q large suEn against nuy
fund, for tile uncertainty Of prompt collection
Of tile assessment rcnlers such 4 course, to say
:rho Q,estfon WA not settled yesterday. and
furtrr talk nnl examination will be had. Tho
Commlttee havo no prcciso Idea Of how they
will manage, though they express themselves Us
cuity. '' '' 'S's ''A'' WY Wv - ''' N''''
TIN ruMp1No-wonKs.
AS regards the suspension 0f work Oh tho
Wet ,Ii stts panpfng-wgr!:s, there was not 80
u tla credit of thu Water Funl, tlle Doaza Of
Public Works was notified THAT the contractors,
Earnshaw & tfohlc, could te instructed to con-
tinus itt tlie work on tho sta'll;p!po tower only
tlllng stands, anu they will probably DO ordered
to complete tho eltilu work. Thurs has
beer, great dcal Of outrry against disco,l-
tll1anE the work on tllat Improvement, hecauso
It is claimed that water c4D bo pumped there
for half tt.o present cxpcilsc ut the North Shto
wnrksy anl that the protection against u d.
struettve conlagration would ba dnub.csl. Then,
IT, 4 aqy as3st spad Hs|ao Occur g tho NSrtl
been s ~ s sssaasi aaae srs thei "as md dd'esay Sy
5000 Il needed to put tho works in perfect
running ofosr. MIR, u ,r,. .,a
The following o.tares Wrrs yesterday prepared
to tue FIiIancc Committee:
balance to the credit Of the Water Fund
July !, tH7u, Including u trausfGs Of
s2tO, 900 from Appropriation Fund.-. .so4+. o57
Interest due And unpaid. ............,.. l50 600
u....s.....,..,,,,,..,3 3lai, ,6h7
--=.:-r--..-
AppEorrsn .......,.,...... .$!l0 900
tied!t BALANCE. ,...............,,.,- l3l, ba7
Amount Of appropriation uscd,.. ....S D5, 443
Amount yet due contracts. .............$ a7, 1Bl
Amount yet duu on now engines, ........ 03. 000
...--... $n0, lUl
Esttmate for completion ....,..,...,..... 80, coo
u., :. = -.
s.&lfO4 401
That the figures should be understood Il must
po remembered that tho water system not only
sustains itself, but yields u surplus af over
Sl00, ,uOJ year, wh!th accounts for the Htsaus.
fer" to tllo City Treasurer. The $b3,o0o for
have bgcn running for ouu year. Tic figures
show that, utter paying tho interest on the water
bouds for thls year islA,0oo}, there will b.