The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1891-11-12
PARK BONDS INTEREST.
Finance Commissioners
Will Demand Its
Return.
WAR WITH THE FREEHOLDERs.
Jersey City Will Pay No More Un-
til the Disputed Matter
is settled.
AR WITH THE FREEHOLDERs.

The prospects are that there will be
lively war between the Board of Finance
and the Board of Freeholders. At q
speci al meeting OF the Bosrd of Finance
last night, in which Commissioners Allen
and Peterson did not participate. reso-
luton was presented by Commissioners
Kenny and adopted, in the form of de-
mand upon the Freeholders for the imme-
diate return of the 63 per cent. of the
s45. 900 levied by the Freeholders for the
payment of the interest upon the 81 ,000.-
600 worth of Park bonds which were 60
have been issued in January, 1891. Jer-
sey City's share of this $4,000 interest
amounted TO $2S, $50. The Finance Com
missioners appropriated this sum Of
money and it was placed at the disposal
of the Freeholders. Commiss ioner
Kenny, it is stated on good authority, be-
Leves that the Freeholders have used
this money for general purposes, and
that it was appropriated for specific
purpose and not for general use by the
Freeholders and as the Park bond
question is now in cours, Commissioner
Kenny demands that the money given to
the Freeholders, be returned.
1t the money has been unlawfulIy used
by the Freeholders. lively times may fol-
l.
they will not permit the Freeholders to
straighten the matter out by giving the
city credit for the sum on any other ac-
count. Not only do the Finance Com
missioners demand the return of the
money already paid. but they also refuse
to honor the call for Jersey City's sixty
three per cent of this years interest.
which is $4,000. making Jersey City'a
share, $34,650
AS further precaution, the Comptroller
rrf
| pay one penny to the Freeholders on the
! park bond interest account until the case
| is definitely settled and the Freeholders
| render satisfactory account of what dis
position has been made OF the $2S.350
| already in their hands.
| WATER BOARD BILLS.
| The Finance Commissioners next de-
clined to concur in a batch of bills passed
| by the Street and Water Commissioners,
| as the claims were lot made out In proper
| form, The claims were for supplies, but
the Street and Water Commissioners did
| not make it clear who had ordered the
goods and who had used them. The
claims were chiefly from AL DATE, P. >.
Condor, Mark Curiey and BARLEY Coyle.
| The claims were referred back to the
Street and Water Commissioners for cor
rection.
In response to the call for bids in the
sale of $200, 900 worth of City Hall bonds,
one bid was received. and that was from
Broker George Benwell, of Wall street,
New York. Mr.. Benwell took the entire
issue at par and accrued interest. The
new issue of bonds will bear interest at
per cent, payable $4,000 yearly.
Arrangements were also made for the
refunding of $24S. 900 wor tn OF thirty year
water bonds now bearing interest at 2
per cent. These bonds fall due December
/, 1891 Beside that batch, one more of
$74S, 900 general bonds, bearing the same
interest. falls due January !, 1892. With
view to having the entire batch for sale
at the same time SPAS. 900 is TO be borrowed
on q temporary loan bond for one month
at per cent. interest. Bids for the entir&
5000, 900 worth of bonds will be received
December s. 1891. These bonds, which
have been drawing per cent. interest,
are to be refunded at per cent.
MILLIKEN'S CASE.
The next business was the case OF
Stableman Charles II. Milliken of the
Fire Department. Milliken was dis
missed from the Department.. but upon
carrying the case TO the Supreme, Courc
indebted to him for $S45. Through 3
counsel Milliken offered to accept $500 for
the claim, and the Finance Commission
ers decided to accept it and directed the
law officers to prepare the necessary
| agreements.
A communication was received from
County Collector Dugan notifying the
Board that the city's share OF the county
tax was $447, ,740.16. and of the State
School Tax S334 $500. making total OF
$6S2 lists. The communication was or
dered spread in full upon the minutes.
A petition from the Board OF Aldermen
asking for an appropriation of $500 for the
. repair of the soldiers plot and monument
, in the New York Bay Cemetery was re-
ferred Upon the recommendation of
City Collector O'Neill. Phil McGovern
. was appointed an extra clerk in his office
| at SIS per month"; to make out tax bills.
City Treasurer Cleveland sized up his
pile yesterday morning and found the
| following loose change in his official
} pockets:-
) In Second National Bank. to tax ar
rearage fund, 5l,9l1.S0; tax arrearage
fund of 1889, $l4.220 IA; tax arrearage
fund of 1885, $15, ,90l 81; sinking fund of
1873, Sc, ,799. 93; fund No; of 1882, s9l5 q;
1896. Al; No. l of 1885, $lS7.39; No. 2, 1889,
r S464 80; water sinking fund, So, 159 66;
/ special general account, S7,9l2.-
5 54; special water sinking fund.
/ of 1,9l6, $4,000; sidewalk account. 9,0s1--
5 65; general account. $2502S 05; water ac-
D count 1867. .3S: special school fund, $685.
933. .92; adjusted liens, S2l, ,1So. .65.
Hudson County National Bank-Water
account. SIS, 1893 93; assessment account,
SS6 65S. So; water account, 3,552.45; spe-
cial street. 140S5. SO; surplus, $40, 4oo. 81.
Third National Bank-Special street
5 account s23750.S0; general account,
! 81, 7,222. .93.
! Tne rerort was ordered filed and the
: Board adjourned.
( In reply to a question as to what action
the Freeholders would take in response
: to Con- missioner Kenny's resolution,
j, County Collector Dugan said:-
z "The year the Finance Board paid Jer-
: sey City's share OF the interest, there was
: altogether set aside for that purpose
$45 600 All unexpended balances of the
q Board of Freeholders 90 into Sinking
! Fund. The $45. 600 was placed in this
i fund, and but $4,000 of it was expended.
: There still remains $4,000, and that il
I more than sufficient to pay back JERSEY
City's share. That money is in my Gus
tody, and will not take any action in
the matter until have consulted coun-
sell"
, Weather Indications.