The Sunday morning news. [volume] (Jersey City [N.J.]) 1886-1891, 1891-11-15


cities. Nor does there seem to be any
gn6d reason why this uuion SHOULD be
deferred 10 the Greek kalends 1t is trne
tn It consolidation did not accomp; sh
any striking results when Jersey CITY
Bergen and Hudson City were made to,
form astriple alliance,
The out,tanding debts and tbs property
and assets of ssveral cities at the time OF
their consolidation, the first Monday. OF
May. 1870. and the portion of those debts
property c~hargeable to the consolidated
city Jon that date, are as follows:-
.Jerss y City, the whole debt 5000. S., 709, 81 7S
Bergen, value of properly and assets sOs'sSo %
Hudson CITY. value of property and w. a.
sssets......-..........s. ....''.. 4o''o'' 10
S4,Of1.4s 81
The value of property and assets of the
old cities, wpicn then became vested IN
the old city, is as follows:
Jersey City ............. ..........Ss,6o5, 400 q
Bsrgen..:.....-..r. ...,-.... q" ooo.eoo 81
Hudson City 4S',s9' 10
The property aud assets OF the old city
of Jersey City considerably exceed the
total debt, as follows.
General debt, to be met by
tax ................ ...-... SS,ool,94o ~
Improyenent debt, to be met
by ACKNOWLEDGEMENT. 2l7,42 %
81, 769, S57 rs
Property and assets. general
debt account. .......... So sos, 400 81
Excess of property over debt. $3.50. 04s ~
Exclusive of amount due for assess
ments, which balanced the improvement
debt.
The total outstanding deht of the old
city of Jersey City ($3, 7G9, 357 49, became,
under the provisions of Section IS2 OF the
Charter, the deb of the Whole city,
The financial liabilities of the
city on December l, 1890 lex
cept w;ter account, amounted
......Sl6 ,4Sl,9oo
And the resources (exciusive of
water account).. -. ........... 1889, 234
Leaving the netdebt of the city. SO, 952, Isl
The following bonds, amounting to $780,
600, were paid during the year, making
the total amount of bonds paid since
New Charter to Dec. l, j 1890, $2,271, 900.
z per cent. Soldiers Bounty Bonds,
due April |. 1s90............. ....... $685., 900 90
z per cent. Soldiers Bounty Bonds,
due May !, 1890. .................. 41,000 90
~ per cent. Tax Acreage Bonds, due
Demand ...s.............. ....-... 94,000 w
8 per cent. Tax Arrearage Bonds, due
Demand 1890. 10000 W
41b per cent. Temporary Loan Bonds
account Taxes, 1889, due Demand. 306,0 600 90
$685., 10000
HOPE POINTS BEFORE.
Jersey City is not dead, but sleepeth.
There are marked indications of a sudden
awakening. 1t is the hour before dawn.
There is u bright future in store. Already
the day of deiiverance is at hand. Capital
Will soon set the wheels of industry and
enterprise revolving. Every year adds
something to tine sum total of the city's
progress. With the opening of new
parks and boulevards, aud the introduc-
tion of rapid transit facilities, the city
cannot help put benefit by the impetus
thus given TO all branches of industry
and business. There are, unquesuionably,
good times coming. With the revival of
trade and will come reforms in
municipal affairs; the introduction of Il
more advanced system of city govern
meut.
New York City, like a great suction
pump, draws to itself the sap and sub
stance That should go to nurture Jersey
City. The latter. like Dives, Is content
to accept the crumbs that fall from the
rich mans table,. The City of the Empire
State stands with outstretched arms to
receive the golden argosies of the COM
mercial world. Jersey City sits with
folded hands, lack-lustre eyes, dropping
head, and, in mournful accents, like the
voice in Rama. bewalls her fate, and re-
fuses to be comforred.
and vet, they are one and the same
SopAOf ChSJ SObAS "a IAN o6AAS AoA0 ~
lineage. Well ma Jersey City apply
these words of Cassius to her successful
rival
Upon what meat doth this our Caesar feed,
That hs is grown so fat?
And the answer might us aptly be made
by The same character
The fanlt, dear Brutus, is not in our stars,
But in ourselves, that we are underlings.
To what extent politics and politicians
pODtrihntA towards this OppQPal Stu0nu-
ton, it would be presumptuous in me to
say. So far as l can learn the leaders of
both parties are all honorable men who
have the good of the city at heart. That
it is we'll and economically governed, /
dare not deny. That municipal neglect
is displayed, and lack of official energy
and enterprise manifested in projecting
aud carrying out measures calculated to
infuse life and health into business
circles, and the creation of new enter
prises; forces itself as a conclusion on the
attentive mimi. 1t is a ~singularly con-
stituted state of society which refuses
support to a daily morning press, even
though it sustains two remarkably
able evening contemporaries. In all her
recorded faults there is none so grievous
as this. A city that condemns to oblivion
the great palladium Of the liberty of the
State, namely. the news PAPER press, is not
a worthy suitor for the smiles of tickle
fortune. This Is the one objectionable
sin. No greater reproach could be laid at
the door of a city. 1t is impossible for
public or civic virtue to prevail where the
newspaper press is sighted. An indie
pendent, not a subsidized, press is at once
the glory and defender of the State. the
guide, philosopher and friend on whom
citizens of high and loy degree depend
to champion their cause and uphold their
rights.
Having said SO much that may appear
harsh. said it in sorrow, not in anger, it
only remains TO give expression to the
thought in every loyal Jersey mans heart
when contemplating his city,
with all thy faults, l love thee still'
AUGUSTINE Z. COSTELLO.