New-York tribune., 1878-03-29
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AppROYING THE CONTROLLERS COURSE.

APPROVING TIE CONIROLLERS COURSE.
A MEMORIAL SIGNED BY MANY PROMINENT CHI
ZENs-sArisFACToN OVER THE REDUCTION or
DEBT AND RATE OF TAXAToY-A DEPUTATIoN
CALLS on MIR. KELLY.
A deputation of representatives of banks.
banking firms other business interests waited npon
Controller Kelly yesterday and presented an address,
concentrating him upon the large reduction in the city
debt and rae Of taxation and approving Ls Official
course Charles IL Fry. President of the Bank OF New
York chairman OF the committee, made few remarks
| expressing satisfaction with Mr. Kely's financial
administration. John Foley then read the following
memorial:
7he Hon. JOHN KELLY Controller Of He Chyof Nev York
DEAR SIR: The Mayor in his recent message, says
The net cry debt December 81 1877. 900,
reduction OF than two millions from the debt Of
1876 mainly attributable 20 the careful and economical
management OF city finances. so that, for the first
lime m twenty years bonded debt Of the city shows
a reducton-tho result OF your faithful, wise and able
! administration.
We notice with qualification the prompt efficient, and
dgniled management OF your oilee SO much IN Keeping
suited in saving tho CITY from much dsgraceu ana eX-
| credit OF the city III its present high position.
We the undersigned citizens aud taxpayers deem II
| proper to make this pubic acknowledgment of your
practical and successful efforts In the cause OF good gov
ernment and, al the same tne, we are not uhlnlndIu
OF the great relief you have afforded t. tax
payers by also reducing the rate OF taxation u go in
1877, ana further reduction to 250 for 1873 WIN
great success thus far and your urn
10 promote and protect the true interests OF the city and
taxpayers nOpo You Will be able to bring down the
/ I.itg
The faithful and determined course of the Hon. John
Wheeler member Of the Board or Estimate aud Ap-
portoninen, in so ably sustaining your good work III
reducing the various appro will be forgot
| ten by the taxpayers Of our Guy.
Tie memorial signed by large number OF pr0mi-
| nent citizens Among those representing banks and
banking firms we're James Buell. A. " Stout, Richard
Berry, william A. wheelock James N. Morrison. John
j. Cisco & Son, August Belmont & Co.. Edward Schell.
Moses Taylor J.. A. Palmer j. w. Worth r. H. Lowry,
Samuel c. Thompson, Edward D. Randolph, James NJ.
Brown. Eugene Kelly, j. Seligman, James T. Woodward.
Henry +. Spauding. Charles M. Fry, Henry L. Hoguet,
Drexel. Morgan Co., Parker Handy, W. H..
Hayes, j. ID. Vermilye, william L. jenkins,
william r. Fosdick, d. Tappan, George
f. Baker, +. W. Harris and Hess Brothers. The
insurance companies represented by Dwight John
son, James NJ Mclean, James II. PDkney, Horace j.
Moody Charles +. Appleby, j. II. Hasted. George w.
Savage, Charles Dennis and others Among the other
prominent signatures were those Of Peter Cooper j. j.,
Astor, Vim. NJ. VeImiye, VIM. H. Nelson Benedict
Brothers, John Foley, Darling Grswold Co., Jordan
L. Mott Barbour Brothers, II. b. Clain Co., III. X. &
4. i. Thurber and Marshall o. Roberts.
Controller Kelly replied follows to the address,
thank you and appreciate the motives which innu-
ence you Ia calling upon me IN relation TO the business
interests of this city, aud the great depression when
exists every III mercantile matters assure you
nothing will be left undone on 10y part TO reduce
expenses of city government so far as The same
erent departments have been in office about sixteen
months short period the debt OF tho city has
been reduced SZOOOoOO Inc Tax puuget ior loII was
made up when entered upon the duties 0f my ofce
and the rate xed at 81 80 each hundred dollars OF
assessed valuation OF real and personal property
With the other members of the Board OF AppOrtion
ment, examined carefully the items in the estimates
and fnaly determined that not less than 81 900
could be taken from the aggregate amount Of the budget
without derment to the proper administration q the
So 63. In the budget for 1873 tho Board OF Estimate
and Apportionment made further reduction, aud re-
is accomplishing great deal n very short time; and
by continuance OF that care cautiously exercised
ba asOn o n reduction
not less in amount than that pade r the past sixteen
months, will be accomplished.
There has been nuch feeling manifested recently to
the paid city officials for some Of which there
is no inst foundation There In the Finance Depart
ent officers whose terms OF service range from twenty
forty years. This class OF would be retained In
any mercantile house for their business capacity and
much. II not larger salary banks and other nstu
ons Of similar character You will appreciate at once
necessity OF appointing superior In all the plfn
oipal and important occs In order that the public bus
ness may be- conducted with care end accuracy. But