The Sunday morning news. [volume] (Jersey City [N.J.]) 1886-1891, 1891-03-29
The Nomination Of Mr.. Allen.


straight ticket with confidence.
The Nomination of Mr. Allen.
The Democracy made no mistake in
nominating Mr.. Charles w. Allen for
President of the Board Of Aldermen.
His name will inspire confidence in
the public and his record will win
him vote from every thoughtful
citizen
As presiding officer in the Board OF
Aldermen he has been dignified, and
conservative and fair to the minority,
while maintaining his loyalty to his
own side. His best official work,
however, has been done as a member
OF the Board of Finance. It is not
going too far to say that this
body is altogether the best and
most useful branch Of the city gov
eminent. For the last couple of
years it has been weighed down with
legacy of trouble from former adj
ministration. The members have had
old,bills topay and old debts to provide
for as they fan due. They have had
all the errors Of all the other branches
Of the government to account for as
well, because if money was to be
spent they had to find it.
Through all their difficulties the
Financiers have in general steered a
straight course. We do not claim that
they have made no mistakes. We
have Ind to differ in opinion from
them as to the proper methods
to pursue in certain crises.
Bat we observe that as a rule their
calculations have proved shrewd and
sound. Their policy has been to
take each difficulty as it arose, leav-
ing future troubles to the future.
Sufficient unto the day is the evil
thereof. has been their motto, and it
seems 10 have guided them very for
tunasels', for Il is impossible not TO see
that the municipality is being graau-
ally irsed from its entangleinents.
THUS, Tor instance. the refunding oper-
alton, which has been fully described
ia these columns, by reducing
the amount OF money needed for the
payment of interest every year, will
enable the Board Of Finance to ex-
pend more money on public improve
men1s without increasing the tax
levy. while provision is made at the
same time for further reduction Of
debt by the establishment Of sinking
funds with large annual appropri-
ations guaranteed them.
We understand that this operation
Is to be succeeded by series Of sim
liar refunding schemes to meet var
ious issues of bonds, maturing almost
monthly from now to June. 1892. Ii
we are correctly informed,
nearly Two millions more OF
the city debt now paying
8 and Z per cent. will be paid off with
money borrowed at a and per cent,
thus effecting great annual econom-
les. 1t Is also expected that large
ttlkAtf0ttA Vi tJCl1AS ACff 1ltiQ ny Tie
Sinking Fund will be cancelled in the
course OF che next year.
In all these financial dealings, with
their great profit to the city. Mr..
Allen has played leading part He
is man OF experience In financial
matters, an old bank director. accus-
toned to such operations as
those the city is now engaged
in. He has thus brought much
practical experience to the
aid Of his colleagues. As we remarked
yesterday, he is the author of the
arrangement proposed for the present
reduction of Liabilities ana interest
charges, and this fact alone is suf-
dcient to entitle him to the reward of
q reelection.
Personally, Mr.. Allen is popular and
highly respected. He is man of in
teiligence and education. and OF sub
stantial means. He has stake in the
community, as d property owner, and
q deep interest in the well
fare Of the city as an old resident.
Politically he has always been a
staunch and conscientious Democrat.
We are happy to give Mr.. Allen our
mont cordial support, and to recon-