New-York tribune., 1880-01-12
ACCUSED CI7l' OFFICIALS.

MANAGTMTNT OF ELIZABETH FfNANC Es-REsuLr OF
TIE rXANINAT1oN or TIE ACCOUNTS.
The City of Elzabeth. n. j.. has been startled by
the report of Colonel G. c. Stevenson. who was APP
pointed by Judge Van Sycllel to investigate the
accounts of the city government. lie has been en-
gagged for FIVE months IN tins work, ana hls Ie-
Dor. contains facts which seem TO imply the grayeS
rlcrularltcs or the part Of the City Controller AMI
City Treasurer. though no direct charges are made
The Judge has presented the report to ths Grand
Jury. but that body has not vet taken
action upon il. The Controller on Saturday was
confined to his house from neryous rrosirat'on
brought ON by excitement caused 10y the implied
charges against him. The CITY Treasurer va also
absent from h,s oficr, but his chief clerk ID. W.
Leeds. consented 10 show the books and 10 present
the explanations Of the city government III answer
to Mr. Stcyensou's report
Tic first fact which the examiner reports rs r.
regular j. the payment by the treasurer between
March H. and April -. 1879, Of several hundred
dollar, 10 committee OF the Council appointed 10
secure legislation at Trenton. The report rtaic''
that tncre is no authority for these pay
mcu;s Mr.. Leeds explains that if requires
twelve of the sixteen Couuclmc1 to authorize
the expenditure Of money. and uo Come Imam can
vote for aur payment Of money, other tlm hls
salary to himself. A. There were Fix mon ou thc
committee tlcr, were not enough other, 60 author
". any cvp.aditur. I'D ih, matter ao t'at tl. va.-
r..nt- were drawn ou thc following ufn".ift:
10 Ht Naa9Ial' t,nt0I9 ~ us tig ot .ieIb''h:
Jn, committee appointed hv fh. tlfF Conn % iu
relation 90 supplements to ttc r.lfirf, 4t'. una
the r,.u .ou cutitcd I'D reasonable anu iair come
p.r.ltop foI fh'ir service, ODD proourrEt pass -"
of tlc supplements. and t1c liHrHr and Comforter
n.nount-. ~ they jlIuA tI' amount, are arci-'r-
Gcr.d EoHIrI b.. tHI TW'Op.
6p-lf fg.14-5 Cy Attorney.
1hsaulhouzifioH was deemed -al lcut aud tie
t.ou.. u..., la.d Nl I..t- -ad fIr payment az
,uo Of the term tor Which tu't wee due Was "a
more matter of couy'nlcucr o. tiin-' .rin-.
NDr' Ir-~ "l- Ilo lu thr r.''it "n ihr Tu-cia~"
of bond. tor the sinking iuu1 tl rar aud lutctDsf.
vhilc the hond~'ueIc -'i in open mafsr; ai % Tess
p~'.c. lt 8.s al claimed tat -o... "a 90" pcf-lns
from whom thee bonds were purcla-c4
were citv Officials who had bought th.u
az much lo"e,, rr,,r. end - ,... i.e' 10 1.'j lj
hc pal for them. lut hr CON. .dcrrd Dig. had rishf
10 DO 80. as hc was only cierN aud NOT The ono
uurcnas. Of iord. lor thc stalking fund 80 higher
thar th- market Is.c W'- rNp1ur hN Ini-- ~ tnf-
o.ursd-. II wa- done. L' sali, l'I thr
puIpu-e OF keeping Up the value oi o." bonds, o.
t.c toutroIlrg "a, so tHc imr "-r''l 81 rhac'''I-
i.z lo plltc aI-. aInotut oi an"tH.r i--r gn o."
r.il. T. 10 wa- desired to place thc new bonds
nearly 80 uar; thgrriHr". old bond, "li. !. iniaht
liEc been obtained af - ",Ir h"u-.i al 9' liI'
same Date VII, said 90 hayc been due o. the fact
that 'lr purt Il-rr do some Instances. was cLo VITO
Ial taken large quantity, and lu others was one
who buuglf Orl. "a single bond. one instance
t.at vas cited DID the report where bonds had
been sod on the -1ur a.t at sJI2 aud al
49, was before Controller Lt-gct assumed oiu Pc,
anu 10 lari. De- appeared ou t.c books a~ the pul-
rh...- az ilr highDr-pHccd bold. The Cuy Treas
,t-.t afprar.d as "a ~r Ter Oi bonds 100 several IN
siHuc,~, tut las clerk sad thnt n those cases the
bond hal been bought b} thc pawn ut oi cash from
thc Il..cl-,r1r,r. aud % check bad been aitsr-
wards drawn 70 .thc order of tlr rsurrr hy thr
SINKING Fund Commissioner. SIT. Leeds was ~dir
that u0 pr % h1d ever accrued ,o The Dif ON rr'
FROM nuy bond Transactions, t.ilDr personally "I
tnr,ugh bauk. with which f|"v we're c0nrcc'ci.
~, oiic.rs CO.. il. National r'1i' bAnh. IN Wm'h
Controller irlp.ft I+ oii...I', b'Ii.l h1Niht
been engaged I'D any sale Ct Il-,..ar. Ol bonds. d
-ffl,l, frIr.irf. .ru If which, mtr,I.r l- made in
ft. rDuofi W. cNulair"l hf t.r r..ra. pu A.fu
49, 1870. a. -a'c .- record -i .i N"o "i bonds "i
So 4ld Interest i1 4. Sd. trauc, who ls rr'i', nt"
Nt...- \cru.l.e A. Co., ni CO.'S '!i.. Lacy "ri'
pald for hv 70 credit "a tlc National state HatE.
IheN bonds were sold Immediately to
-qylur, bank at 80 ami interest aud W.fr paa
for a, thai institution by mean, Of checks winch
wore drawn sometimes 10 the order Oi tDniIoNrI
,o.ctt and sometimes 20 that OF t4c National
STATE Bank. They are made out ni iur ttir rl ''
and interest. aud II appears as u that amount
had ben received while only 90 amt. interest
are credited on the books IL is Staled mat
the balance was returned TO Mr.. Crane. Nrrmilvo
4 co. had hern very large purchaser, 80 the am unt
OF over half a million. and al agreement was maze
that the price should b controlled b. ihem ana me
houd, were sold al the figure al which they desired
them placed on the market