New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-09-10
THE AMERICAN ASSOCIATION.

CLOSE OF SUCCESSFUL SESSION MUNICIPAL
FINANCE-EDUCATION OF THE DEAF-HoMEs
FOR THE PEOPLE.
SARATOGA, Sept. 9.-Among the papers read
before the Social Science Association to-day
- Some Points in Municipal Finance" by Mr.. william F.
Ford, Editor of Bradstrtces The following is brief
abstract OF Mr.. Fords paper The circulars issued by
New-York brokers about 1870 dwell upon the excep-
tonal value OF municipal bonds investments owing
TO the fact that city, in borrowing money although
ercsing sovereign power, contracts private
porat1On, and was therefore, amenable to the
relation to the enforcement of short
city could be compelled to pay its debts through
application of the writ of mandamus. Harm done
by leading the investing classes purchase city
freely without giving due attention the condition
given city, and the obligations il might be
issuing Later experience shown that the writ of
mandamus Is alipowerful only about far il is not
really needed In other words, that taxation
so high as to seriously encroach upon the
ter OF community cannot be collected. The attempt
to do 30 causes depopulaon Of the city In
ing the rise of municipal credit in United States with
Its origin in England, it pointed that while In
England the doctrine that municipality has implied
power to borrow money has never obtained a tangible
foothod, it has been held by OF State cours
thot city has such implied power merely by virtue
OF its existence body corporate and polite It was
shown how the partial acceptance of this doctrine in the
United States has done frtherng the extension
OF the credit system here as a distinctive feature of
local government An outline given OF the conflict
in the courts in relation the Of municipal bonds
The rulings OF the United States Supreme Court have
ncipai bonds hav the anae OF mat m
Happily II can now be said that the country fairly
ton OF this doctrine and that in consequence the pur
chaser of municipal bond is bound inquire
borrowing business as feature of local government in
made that the history of the Tweed regime York
instead OF going to prove as is often asserted the
n,es America was no more nor less than abuse
Of reports received the principal cities Of the
uniteI states showing widespread Improvement in
Professor Alexander Bell gave an address on
hear aTe years 81 the de We ne SAID who
should sh"rt not expect the deaf to learn in too
TO talk saoud not be sent institution where the
sign language If taught Many children have been made
nunp 10y being sent to al institution where only the
sign language is taught.
KS6er. ,d Treat eat Paine H of Boston, read report on
Foul homes are source of crime and disease Give
drty nome ana you too often produce degradation in
with ex 4G r The report was in
New-fork and Brooklyn who have devoted themselves
benefits resulting from their efforts advocated the
formation OF cooperative building associations like those
so popular and beneficial In Philadelphia
addison BnrAe of Phladelpnla read a paper on the
claimed that the credit Of its being the hcaithiest city
III the world was due to the great OF private
OF inc WORKING OF the cooperative building or saw
made 'u unde %as Ss ysn lie admitted the improvements
to nave capitalists To form those associations but only
men OF integrity and good business habits '
Mr. John Hits, OF Washington gave some account Of
re n0n neS Lnere are no such tenement houses
. r. report written by Martin Brmmer of Boston, on
chara ts heia"n to the People, was read by the
discussion followed on the subject of building asso.
-, The President before declaring the session finally
bad h S"e1 attention to the fact that the attendance
pteh larger TINS year than AT any Of the previous
The next session win be held this place in septem.