The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1891-06-22
OVER SIX MILLIONS NEXT YEAR.

Sshh phAukAoi AVAhtAtJ bANtc@ WI
ments on Our Recent
RefundiBg.
The good city of Newark seems 10 -
lamentably worried over Jersey Cify's
prosperity. ft appears that she has con-
siderable difficulty in floating her bonds,
and she is corrsspondingly je alous Of tns
great success OF the recent Jersey City
refunding operations. In an Interview
with q reporter Of the Sunday OuH pub
lished yesterday. Comptroller Connolly
Of Newark, exhibited with much bitter
ness the following circular
se,o55oo0.
Five per cent bonds. April and October 1st-
Interest payable April lsz and Oc1ober 1st
Coupon OF registered bonds q ss.0oo each
90 q the s's above S Soads and aas viii pay -
on that date g, z55 900 Of seven per cent bonds
maturing MAJ m ne bsnss sx ss q s1, fas sn nssda ss
debt Of the city viii thus be reduced 500 600.
The financial statement Of the city on April
15 1891, Is made to US as follows:
Total bonded debt, exclusive Of
water debt.-...--.--.---.....-s- <l41s1. 8.9 tz
Water debs.- 4.asS.0oo %
Making total debt 81. .2s1. .s7f sz
SINKING fund M cash and bonds 177s. - 81
80, :.
The resosrces 80 81 shs cssy were oesaiiy suited
a. follows
1sssssmsnss ne@ I'd dne asa nansid zos1 ia 81
Value Of city property ~. 80 %
l1oPe''S p''i'nAs''A uH'sf ma S~'e ---e-
Total resources. 7,otz. 500 -
Under the Martin act recently passad By tho
Legislature. the rrears or taxes. Tht<h the cify
has never DsIors S been aR.s az 70 sesqss = s6 -
81 noM , aqs nsns 81, on ~ -. sh - iS
T. ssfssfv s rbsn an ss VII I'M a vv er
smonnt Of money 10 the CIV ireasury within
the next two years, and should very materially
reduce the debt
The city has also sueeeedsd n ed1ussznx ne
l19 ~ sne 20 anr ,,ls , s5 = :. ,aa
400 and he sssessed vnlusfion 81 prooerty <
stated to Be SI2s OO0Oo0
The water works OF the city are estimated 70
be worth fully the amount gf the water qeb<
We consloef the ponos safo and oesareo1S Lor
Investment. ana hkeiy 70 increase maIofz'y y
We ofrer sha.a bonds .t so,a1 .,d .rwzu.5 IN
ts r..<f s,.h,ecs fo ssie A. vi3ch rte faer viil
net 4.65, Allowing for loss of premium = ma
turify. vEExLrE & Coz
10 and Is Nassau strset
New 1orx n<y'
BITTER COMMENTS
Commenting on this Mr.. Counally
salas
That's the KIND OF thing we nave 70
v-ss ~.---~,.-.,l-- ~o--.1,~
-'A' -
The statement Is very strange one
The assessed value Is put at 81. .0oo00O
m ore than that ef n ewark. the existence
= - -.
OF rand Sinkng Iund - u q. unsApSss. s
coy resesieo; e. I1 "a, Iesoo11os q 80 o..5.
secn as sf,yD,so1o .axoe 49, e-S - Ss -sH---
IMAM any oouy nhs ever asPec'7o DSlo.s - :,
ana tne amouns oL taxes AZ ss
ssssmsnls unpalus - - ~, 40. .rs'Si
pus a. W.. g g: 80 eoo, 80 5c n-% ..S
Noe alA oy SO. z, 1s-ss5 -, go
y larger e1en .ns ei.y 1us.o. - :. st
NLsn ~ va. nsPs .uo S.a-n- 80 e "a
vale wafer pianl = "oten nnoDe .aan
wv = sns mos. . ssa.snas ssassllssnt zaats ,hs
lcl, me wno-s -,
city IN tne mos. prosperous ceaa.Iaon, a.. @
WIens n lass, ~. A-e' n 80, -
~s.eaeLoo ~ 4e.eo sle -s -
ysssoIs Sc sue. .sa.. -. -
oonas oa1esea - s,, - =. ,-.e sbsr
safes Sa = - !. 49, uulsIs ~ .laa-
Newark eonas Should pear s4alle. ai..
rae oi "a ,1 sn1 s~sas S,s,r
az ms cley = I-l oseee. s.an ~ se-sss s-~s
Sos.lI g = u nok@ - ess.n -
II u ha.o go. gos ,s,ls.. q !.
- ! --.-s.. = j, 49, -~~<.. 4cno
between Ihs oeel1nlaE . ~ ING ~ @ 80
ana tne eac snsLsoi - nc ss.a r5 =, -
viii nave 70 oo.ro" - ssys oes7sso - ~, 90 ~
eenporas,ry loals. 49,, ss.,t ssso f.Ss
mere VII oe ll3 81, tsat 1.-ss3
aeog WILL pe pan on uurAns lna' pS1is1
oy me oinAi1g - * ~ 1uu. .. ~
=. " 55,sa w e3;7 y; ~ neoue- es Esst
=. ~ S2 VI. ~ ~ JIG .any .s - &c ,s
Jersey assE .p,,-s = Rrt r. ras r-sr.si..
On esss ss .os ~ ~ .sIi ovn s1so1 ~ $500
ing s-.1soySo W. Do ~ pas .1.srs.r-
log ma.e. oohus -ol liz ~ ~ ss,.sss,, St
i1no nas Oeen sos prSsisiea nS =. sn.
nan one n 1oso - nses.S1 ~ -ar.
stIses inpaossnasne oon.s ~ .s-.ss-,s,,ss
cIeaeee - aa'.S 80 7. oassssS - r5s
many ~ wn.cl nase oseI s..e.,s- p 80
IL az. ..a. s.,e = = .,s.i
Iof tns lnesI %. = Ii, n e -
tiae Insstess On slisss @ pS4s $500 49, tss,nr
&c ~ ~ ~ eaS a. sT 80 taSats,s 49,
eIoo.V0o. AAas ~ i0s's' s'.~A.e4@ '-'''-
year -. ,.-s.& 49,.
1o SEM oas lP.A s.o -. se-,... -.
ponus ~ elIS alaon ~ 7. noe- 3,i ~ =
noe eo..alS - : sI fe Ca s - - 49, ~
lasA, anu snsrs VII oe = 49,. eSez ess = -
anxiety Aoons sne ,laasao.-on a.s>. = = =