The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1890-04-25
SPLENDID PROGRESS
President Edelstein's Re
markable Address to
the Board Of
Finance. So
TAXPAYERS CONFIDENT.
The City's Debt Reduced
and Money Coming
in at a LiTelY
Rate.I
CONFIDENT.


The Finance Board this morning met
at eleven o'clock in the Aldermanic
Chamber and transacted the usual
routine business, after which it adjourned
and reorganized for the year, by re-
electing John Edelstein president for the
ensuing term.
A communication from Fourth district
citizens containing the resolutions
adopted at Kessler's Hall, Saturday
night, protesting against the selection of
the site for new school house at the
corner of Milton avenue and Charles
street, was received and ordered fled
A petition received from Alexander
McCoye for damages to property sustained
in the widening of West Grand street
was referred to the Committee on FL
nance. City Comptroller Hough re-
ported the total receipts for the week
ending April 81 as $50, 142. 43 from the fol-
lowing sources:-Tax arrearages, 81, 1893 98;
general tax, $42045 81 assessments,
81, ,42S.S0; water, S12,31s.34; sinking fund
of rs $36; liquor licenses, 81, ,515.
Warrants were ordered drawn in favor
of the Commissioners of Adjustments for
the amount of $1,000. Petitions were re-
ceiyed from the Board of Aldermen ask
ing appropriations for the yearly salary
for an Inspector of Weights and Measures
and from the Street and Water Board for
an appropriation for the construction of
the Jersey City portion of the joint outlet
sewer between West Hoboken and Jersey
City. There was $640 subsequently APP
propriated for the salary of Inspector of
Weights and Measures.
CONSTABLES' BONDS.
The bonds of the recently elected con-
stables, II. f. Budden, Jr.; H. r. Craw-
ford, Adam Shaefer, Joseph Lark, Wal
ter Dixon, Enoch Rino and William
Reen, were approved. The amount for
each was 81, ,000 Fire Commissioner Hen
derson, Police Commissioner Kelly, re-
qualified in the sum Of $l5, 900; Tax Com
missioner O'Donnell, in the sum Of $10,-
600, and Street and Water Commissioner
Eddie Dugan in the sum Of so. .OOO-
The Board concurred in the resolution
recently adopted by the Street and Water
Board in reference to the construction of
~ main sewer in the Greenville district.
Warrants were ordered drawn for the
pay tiHcEt Of salaries OF the various city
: employees.
On motion of Mr.. Allen the resolutions
adopted on November looking to the re-
moval of the Water Department Head
quarters from the Street ana Water
Boards building OH Jelsev avenue to the
City Hall were rescinded in view of the
proposed erection OF anew City Hall, in
which proper accommodation for the
Water Department will be made.
THE REORGANIZATION.
The Board then took u recess tor twenty
minutes. On the return of the COmmls-
sioners to their desks the Board proceeded
to organize for the coming year. Com
missioner Hitler who is supposed to have
not as yet received his re-appointment
withdrew from the Chamber Onmotion
of Commissioner Allen seconded by Com
missioner Kenny President John Edelstein
was re-nominated and reelected presi-
dent for the ensuing year. Mr.. Allen cast
the vote. In accepting the position
for the second term Mr. Edelstein with
some feeling arose and said
GENTLEMEN:--In accepting the renewed honor
of serving you as PRESIDENT am afforded a fit
ting opportunity of expressing the qualification,
which know you all share at the tlattering
results which have attended the labors of the
officials Of the city during the past year It was
a notable period in many respects. The adop-
tion Of the new Cher rs, last spfing concentrated
of our city. That the selections made by His
Honor in naming those who We're to constitute
the municipal government were well advised has
been fully shown.
The city's affairs, from financial stand point,
have seldom been in better shape. Jersey City
is making big strides upon the road to lasting
prosperity. The new charter has brought us a
boon that is far more than mere squirt.
There were several important factors at work
during the past year which aided our city ma
terially. Above all was the manifestation OF in
creased confidence on the part of taxpayers. The
tax bills were scarcely read when positions in
the line to the City Collectors Office were at a
premium From November to 20, 1889, nclu-
siye the sum OF S504 003 4s poured into the citys
Golfers The receipts for the corresponding
were $4S9, ,326.79. The total tax receipts to date
Of the present fiscal year have been $780, 3450 or
The increasing premiums commanded by the
city's bonds show how outside capitalists view
the situation.
TO the workings of the Martin Act Commission
well deserved credit must be given They have
tran dnad
assets which had been carried for years into
genuine liens aggregating So $40 770.04.
This amount was made up in fifty-three re-
ports Many glarlng wrongs were promptly
righted In the adjustment proceedings, and the
amounts due the city were paid in the main with
equal prompttude: Two tax sales We're held by
the City Collector by direction OF the Board Of
Finance of property in Reports Nos to 38 upon
which the adjusted city liens had remained un-
paid for six months more. The tax sales
wiped out many old scores by the receipt to
April ], of about $e04 600 in cash, and not includ
s and up upon which the liens are amply secured with
interest at ten per cent %
Similar attention will be paid in the near fu-
ture to the liens included in the other fifteen re-
norts. Jersey CITY is to be congratulated that
all the legal requirements OF the Martin act
were observed in the tax sales.
In sister city the unauthorized action of the
collector vitiated two or more big sales. Jersey
City was not led into any such trap.
During the past year $l9b, ,3a9- -35 have reached
the city treasury from the State as taxes upon
properties owned by railroads and other corpora
lions. While it is evident that this amount was
far less than the city just dues, still it was bet
ter than nothing
The cash balances in bank, including Sinking
Funds, amount to S04S, 34S. 90.
Against this handsome sum must be placed
floating Indebtedness aggregating about $780,
0O0 A much larger load OF temporary bonds
was being carried by the city year ago.
In addition to these showsings il + pleasing to
substantial reality instead of a myth. The
Sinking Fund Commission during the first years