The Lambertville record. [volume] (Lambertville, N.J.) 1872-1968, 1879-02-05
a RAnKnnrr C1rY.-The city of Eliza

IT, BRU AIRY ,, 1879.
A BANKRUPT CITY.--The city of Eliza
betb, having $4,000 inhabitants, declared it
self bankrupt on Saturday by defaulting not
only oh its interest on its bonded debt. but al
so by failing TO provide the means requisite
for the payment of the bonds which matured
on that day. The total debt of the city is $5,-
6ss, 100. o4, of which $2,56i 600 is improve
ment bonds represented principally by new
streets covered with wooden pavements. The
policemen have not been paid since last Octo-
Der, and the gas is threatened to be cut of for
non payment. On Monday evening the Board
of Education met to decide whether the six
public schools, containing about seven thou
sand children, shall be closed.
To reporter, Mr.. John Eagan. ex-Speaker
Of the House of Assembly, said !: " This
Finance Department of Elizabeth has been
run in the interest of the National State Bank
here, Of which the Comptroller is director.
The Mayor of the city is vice president of the
bank At one time they had authority from
the Legislature to issue the consolidated i'm
provement bonds to help along the payment
of the old five year bonds. They issued those
one million at time. When they were issu-
ed they sold them half million at time
The money received therefor was deposited in
this bank in anticipation of debt some years
in advance, without interest. The city to
meet its current expenses borrowed from the
same bank money, paying therefor seven per
cent--in other words borrowed their own
money, paying seven per cent. ON bonds and
seven on borrowed money, virtually paying
fourteen per cent. for money lying idle. The
/" schools,n continued the ex-Speaker, " are
State institutions. The funds for their main
tenance-$23, 000-comes from the State. No
one has a right to divert it from that purpose
and yet our teachers are not paid. call your
attention, further. to the fact that the Me-
chanics' Savings Bank, of which the Comp
troler is president, had $780, 900 in Elizabeth
bonds in 1877 in 1878 the bank had only
$42, GOO to-day the bank has not a dollar Of
these bonds. The city of Elizabeth has made
itself liable, criminally, by not paying over to
the State Collector the money due to the
State for State purposes. The city owes the
State $45, 900, and this money has been di-
verified by its officers to other purposes"
Chief Joseph of the Nez Perces Indians,
who is now in Washington, was asked the
other day what of all the works of civilization
seen in this his first trip to the East had i'm
pressed him the most. 1t was expected that
he would name the Capitol, but he replied,
without moments hesitation, that the most
wonderful thing he had ever seen or dreamed
of was the bridge over the Mississippi river
at ST. Louis. He could build mountain of
stone like the Capitol, he said, but he could
not build SPIDERS web that would stand
alone in the air He was afraid to cross it,
but he saw that the pale faces were not afraid
so he wrapped his blanket around him, and
trembled as the train went over.
Some curious incidents happen in the New
York Post Office. A short time ago a letter
came from Ireland addessed to my Mother,
New York, America" OF course it was sup
posed it must be sent to the dead-letter Office !;
but on the day of its arriyala woman inquired
at the general delivery window for n letter
from .'ber son. The coincidence attracted
the attention of the official In charge of the
deciphering bureau. Inquiry showed that
the son of the woman lived in the town whose
name was postmarked on the letter. aAfter
various inquiries the letter was given to the
woman, with the proviso that she should open
II there !; and it was fouLd to be from her son
and designed for her.
the New York Eocnfng Post makes this
good point in discussing the Warren county
convictions BY looking back at election re-
turns it will be found that Warren county is
a Democratic stronghold where the usual
vote of the party has been two to one its op-
ponents. Behind this party strength the
long series of crimes has been shielded. 1t
will be we'll hereafter for the voters of that
afflicted region to ask themselves whether the
sentimental luxury of craftsmanship in loca
lie tic xuba
nsrcncas which san rood Observation-Disclosures tuugorases
con,narison with ub;ch Tho nrnit os . ~
is as mote floating IN tho sunbeam.
Tho h.,Jv IF !, d.ad MON ,,;.h A. -,
,;,,ia o,.;,ooa ,aas s,aa ~, .n9 ,ace nor
~ &c ,,st VOL ;n tIa Wa,Iar ~ ,Ly p ,iio,n-
~ an passao Fai,s 're 100 =, sno isocks,
600, ;aant;asa &c that - H., 60 ~ was
G"rn,a,, shaenaher . ao.d al iey metiack,
.',,a,',,', asoarta;r,eS IT, 10 .d wac mas suose-
~ sson "orv aante ns'rs,n;. sr oe ,a suner
,hat he ,.ss vow, dasnandent n S ,oag 'l,no
M and had c,'osad ,,;s. ~ 90 eseu-
,rs;s ,;sta, ,,as fo,,nd 9TH ~ -,
charged, short distance from where his body
lay. The Commissions of the face are ACCOUNT
ed for by the theory that Gerach shot him.
self, and then rolled down the Jagged and
sharp rocks.
The c;tv of pabwov ho,,no ,.a. soo,,.
!, tho naymant Of ;nto ,avg maa i.s de'a9is
snt was hronsbt arecns;on ap ;.s,a ns ouaos'
law made unn, the Arc anr;nss ora "n M,
civ nronerty which ,rara ndrar.;sa ae os,,e'
Ths matter was taken haSore 1uaa va u' S saie
le. who has set aside the levy on the ground
that the property of a city necessary for the
government of the same, cannot be levied on