The Jersey City news., 1891-09-16

they did not keep The pay rolls are the
same. IL we concur in these we have
no guarantee they will not be in
creased. We can't concur in these
pay rolls without rendering ourselves
liable to imDeachment, fine OF 81 .UOO ana
three years in States prison staring us IN
The face. | don't propose to render my
self liable to such penalty. IL is Pc
culiar state of affairs Something must
be done. The working man must not
suffer, but we can't concur in what we
believe TO be a wrong. Ii the water
Department will live within its income,
It's clains will be concuIred in in some
way"
Then Mr. Allen caused a sensation by
the introduction of his resolution
Resolved, That all claims of whatsoever
kind, which have been referred to this Board for
action, and which have not yet been finally dis
posed of, be- reported to this Board at its next
regular meeting for concurrence or non-concur
renee by whatever committee any such Claims
are now held.
MR.. PETERSON OBJECTS
Then the fun commenced. Commits
sioner Peterson, the Chairman OF the
Committee on Concurrent Resolutions,
considered this direct slap at him for
holding back the disputed pay rolls and
claims under consideration. He asked
why this resolution was not mentioned in
the executive session.
II don't PROPOSE" he said, "to stand
any snap job business about this mat
ter"
This is the proper place for the intro
duction of such resolution" replied
Mr.. Allen, Instead of behind closed
doors. [Applause from the lobby.]
1t has already been intimaUed that
there is collusion between the Finan-
ciers and the claim brokers. I'll not
stand the stigma. will not advocate un-
due haste, but ldespise tardiness."
That's all right" calmly replied Mr..
Peterson. "but I'll defend the CITY,"
1.-The city will pay every claim against
her." remarked President Edelstein
'But these claims in dispute put the FL
nance Board in a dilemma. For myself.
Pm willing to risk the penalty to see that
these men are paid. But what assurance
have we that the coming payrolls will not
be Just as large?"
Mr.. Peterson wanted to know why Mr..
Allen had waited all this time before ex-
pressing his views upon the matter.
'I'm ready" replied Mr.. Allen, ''at all
times to concur or not concur in any bills.
l don't believe these claims should be
weeks are sufficient to Investigate the
honesty of any claims. l have not yet
said am ready to concur in them. Bat
it Is obligatory upon us to either concur
or nop-concur in the payment of such
claims."
Peterson, ITO show me that | must concur
or nol-concuy III such claims i'll two
weeks or six weeks"
Mr.. Allen replied that no one man was
the conductor of the Finance Boards
business. II believe in activity he
said, "tardiness Is running the credit of
Jersey Cily"
Mr.. Allen and Mr.. Peterson were hotly
discussing the matter when the Board
retired from the Aldermanic Chamber to
the Office of the Financiers.
The resolution was adopted. Mr.. Peter
son asking the clerk to record his vote in
the negative.
MATURING BONDS.
A memorandum was spread upon the
minutes recording the fact that certain
city bonds would mature as folio WIS.,
November lst next, assessment ac-
count...... ............-.........-.. 100000
Decsmher lst next, water account..... PAS 900
January 1st next. assessment account. 5480O0
January 1st next, general account,... 100000
February 1st next, assessment account $4,000
TOtal..... ..-............... ..... .Sl,24b, 0U0
To meet these payments the Sinking
Fund, or perhaps more properly, the ag-
gregaIe sinking funds, contain $50, 1888 in
cash, and hold securities that will become
due and payable to them, amounting to
S36, ,750.
In addition there is due from thu tax
levy of 1889, not yet paid over the
sum of. ......................... $1,000
Due from the tax levy Of 1890. not paid
Due from the tax levy Of 1891. to be
paid over December inext............ 4o 100
Total..... ......................... Ss5 200
These amounts when paid over will be
available for the redemption of above
bonds.
EEcAPITuLATIoN
Amount of bonds to be paid by Febru-
Sinking fund available by that time. .. a72,3s5
Leaving to be provided for......... Ss75, ,672
To provide this amount there will need
to be issued new bonds to the extent of
100000, and $685. 300 will have to be paid
into the Sinking Fund from General
Account in addition, but this latter
amount will probably be an easy mat er,
because it can be paid out of the taxes
received in December.
THE CITY HALL.
The following resolution was received
from the City Hall Commissioners
Resolved That in order to pro vide a fund for
the purchase OF site for the new CITY Hail. and
the expenses incident thereto, the Board of
bonds of Sf30, 900, and to turn the proceeds
thereof as required from time to time for the
use of this commission
President Edeistein had this resolution
adopted:-
HeSOlNtu, IudJ bU6 communication lust re-
ceived from the City Hall Commissioners be re-
ferred TO the COMMITTEES Finance with power
to prepare form of bond to be issued to raise
funds for the purpose of purchasing site and
erecting a new City Hall, and to arrange for the
issuance thereof.
BANKS AND INTEREST.
1t was expected that gathering of the
various bank presidents would confer
with the Board as to how much interest
the city was expected to pay upon loans,
and how much interest the banks are ex-
pected to pay on city deposits
Excepting President Carscallen and
Mr.. Henry Lembeck, represent
ing the Third National Bank.
none of the bank representatives were
present. All the other invited presidents
sent letters regretting that various
engagements prevented their attendance.
Frederick Mersheimer reported as Col
lector OF Arrearages of Personal Taxes
that he had collected for personal taxes
during the year of 1890 S1,674 as.
do we pay 81, 200 year Tor such COL
lectoIs?' asked Mr.. Peterson.
The Comptroller reported the total re-
ceipts from September s to September IA
to aggregate S39,1773L
A Bold Swindie.
Some unknown person is going about
Al -0t-