New-York tribune., 1885-03-26
except capital s4sl capital 20
THE PROPOSED NEW PARKS.
ARGUMENTS FOR AND AGAINST THE BILLS n"fo
ruv COMMITTEES CITIES.

.pcuMrNrs FOR AND AGAINST THE BILLS bHfonh
THE COMMITTEES ON CITIES.
AIRANY. March 25.-At joint meeung ol
.be Committees on Cities in the Senate Chamber TINS
ofternoop a large audience assembled 10 near alsu.
ON the bills to lay parks in the twenty tniiu "n
fourth Wards New York. Among those pfesen'
were Mayor Grace Luther r. March, FRANCIS W. oo'"
Ecbert L. vele. Waldo Hutchins, d. H. "a'son' Po.oo
Justice German, ex-senator Caldwell Simon 0'eine, o.
Alderman Wells Charles A. Roosevelt o~eneiai ~ ~
noin Or John T. Nagle and Colonel William H.
Roberts. . - - o,,o,a
Mayor Grace said that he thought II any persons
should be heard 1t was the Mayor and Controller VINO
were elected last fall The amount OF the hdepteunese
had been reached bonds could not De lssueu oi."
ing the debt beyond the limits. There were scioo'
houses to be built TO be made ana other
work which must be The taxes were high anu no
heleved that the right OF sefgoyerDment ana the oes0
interests OF the city require the passage OF the pi
considerations which would limit the number Oh pa'h" "
be opened and the taxpayers from heaVy our"e
Francis NJ Scott. who represented the oorpo'a',oH
Counsel declared that the financial situation OF 'is I1 @
is such that it was necessary the bill should pass o
passed last year provided for an issue o bonus @ " & y
Tor these proposed PARKS but as me amount 0 % t land
debt mad reaehed the constitutional limit OWneI5 VI irnu
taken would compel the Committee OF Lsul"eS id I et
pendnres to assess the amount OF M e SaT cstiated
mandainus from the courts In ths nn & iney cr
Pelham Bay Park unnecessary anu tho o. t - td
proposed we're TO he taken one aop Mr. scott held
put the city under too great EXPENSE. 81, 80 90 ur,n
mat no Legislature had tho right to pass a INV 10
mn OF the taxpayers IO cIcdlc pans
nGi o n Int of real estate investors and SPECTATORS
Simon sterne began by quoting the terms oi .e co, @
@ o its ndobIedness beyond 10 per cent
OF its assessed valuation and pointed OUT ,S reating
new parks the annexed territory by az Issue d p ADD
TO the ext of ten fifteen million do.rs Mu an
mat much 10 city debt which already exceeds the con
stiiutioual limit. Mr. Sterne contendtd tht te
four millions of bouds in the sinking Euna wHG .e r
rurcaseI and owns is part Of the city debit nc as'es
that the whole debt of the CITY Is Sl@O'ooV,ooV an"
this amount included the S3i 100000 Oh oGds,
Tho pnps
with the issue OF more bonds "a tie oo con
ebedness exceeds the 10 per cent Unit py e. oc0 GOO G
The taxation SSi amounted TO ~ l-'oup%;VVV% ~ %
which per cent is $lll2OOOoo ana Deyohu 'niS ''
xSepStor Caldwell said he appeared in behalf of the
people of the Twcntyhird Ward to take eNfeptons ~
the second section of the pending bill Wmch pr9Viaes
for an assessment of onehaf of the cost OF the parks o
the adjoining property. . -, ,,, -. -, ,,,orrou,
There is considerable excitement among the members
of Legislature tonight oyer an attack mloi ihis
r. Marsh president OF the Ot Sew rhs 1orportion
Counsel before the Joint Committee on Cte1, M tV,t ~
soid ,o.nI gbt when asked Icsate what he sald 10
fe fu c"mn,ittee "it was merely this: that Mr Marsh
owned land about 1l2 miles IRON the protoSSuI ti
Cortlandt Park. which he mortgaecd TO the Mutual
of 1884 was passed providing for the purchase OF me pk
lands subsequently he transferred quarter ntrress
i'm these ragcd Iauds to Abraham Van NechCn ot
his city. and another quarter to A. ID. Barner OF Utica
They are too well known in the ltn.y TO
need further description. There are hiiiy,IT"
acres in this plat owned ny hr. ~, =, "a, q,
Why should have transferred quarter u ~ XII
Barber and Van Ycchtcr, after the passage OF thc Dill
the public can perhaps Interpret ina, u ai r'c CON ~
say about IT, The pubhc can ara" 'Aeir OWN Gun
cltisio about the transaction. ., ,o-o
Mr. Marsh made the following statement: " In lSI2
bought this land of the widow of an old partner Oh
mine she being in want OF money anu hiis ,nehE
nil the property she hadl3s arrcs in Br0nXVlle-at
$500 an acre. This ahout month before the cI'sn
came found it too big load for me To- carry III
hat crisis and got friend Of the lady family To take
onehaf oft of my shoulders. We have owned II ever
since" -, 4, -,
e. lie had an associate IN his portion. We pad u hi
except $50, 600, and gave her d mortgage Tor tnai
amount for ten years She and the mortgage cNplreu
together April /, 1854 This rendered necessary
the payment OF the mortgage to her estate We pui
81 600 down and obtained new mortgage for S21."uV
at the Mutual Life Insurance Company ,onT oi whica
INV share is $1,000 This was deemed
good time TO separate the interests. ana
the deeds spoken Of by the counSe! were %wsle
accordingly given. This land H. suppose. seven miles
from the Pc haIu Park. which - the park as al Know
i'm which have taken special Interest from lts poS3.
on the sound. suppose IL may he two miles ana hal
at least from the nearest corner OF the Van Coth"
Park 1t certainly is beyond any influence from theSe
parks"