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


cities Nor does there seem to be ans
good reason WAY this union saouli be
deferred ~ the Greek kniends. IL is 'rne
thlt CONSOLIDATION lid not acconpi 81
4 tiny striking results When jersey Ittg
Bergen and Hudson City were made to-
form aitriple alliance
dhe outstanding uebts and the property
aud assets Of several cities at tho time OF
their coEsolidatloD.- the first Monday oil
May. 1870. and the portion Of those debts
properly chargeabie to the consolidated
city, on that date, are as follows:--
Jersey City, the who'll debt .... 81, f00, So IS
Bergen value of property and assets SO2, ZIG 81
Hudson CITY. value Of properly and IL !.
etsf.-...s..s..s.s,-..--' ........ 45J,e9a y
Sl,on.4sl 81
The value OF property and assets of the
old cities, which then became vested in
the old city, is as follows;
Jersey City .......,.-.. so, sos, 400 q
hudson CITY ....-.......--........t. 4ossoJo 10
The property aud assets OF the old city
of Jersey City considerably exceed the
total debt, as folIows:--
General debt, to be met By
improvement debt to be met
by assessments. ............ 2l7,4l2 80
sa.7es, a57 IS
Property and assets. general
debt account. IS. sos, 400 81
Excess of property over debt. 1886. 042 43
Exclusive of amount due for assess
ments, which balanced the Improvement
debt
The total outstanding debt of the old
city OF Jersey City ts3,7s9, 357 49, became,
under the provisions OF Svctiou 1872 of the
Charter, the deb6 of the whole city.
The financial liabilities of the
city on December l. 1890 Tex
cept water account, amounted
to.s.-...... SIG, 4Sl 100
And the resources lexciuslve of
water accOuut) ................ IL. 529, 234
Leaving the net debt of the city. So. 952, Isl
The following bonds, amounting To $780,
600, We're paid during the year, making
the total amount of bonds paid since
New Charter" to Dec. l. 1880. $2,27l, 600.
per cent. Soldiers Bounty Bonds
due April |, 1880. ..;.........- $352 900 90
per cant. Soldiers Bounty Bonds,
due May l, 1890. Observation-Disclosures. 1900 90
Demand !; .....s....s.. 49,. $4,000 90
per cent. Tax Arrearage Bonds, due
Demand .....-s....s.. 100000 90
AZ per cent. Temporary Lean Bonds
(account Taxes, 1888, due Demand. 100000 90
TotaI...................... .s9s7, 900 90
HOPE POINTS BEFORE.
Jersey City is not dead, Dut sleepetn.
There are marked indications of a sudden
awakening. Ii is the hour before dawn.
There is Il bright future in store. Already
the day OF deiiverance is at hand. Capital
Will soon set the wheels of industry aud
enterprise revolving. Every year adds
something TO the sum total of the city's
progress. With the opening of new
parks and boulevards, aud the introduce
ton OF rapid transit facilities, the CITY
cannot help but benefit by the impetus
thus given co all branches of industry
and business. There are. unquestionably.
good times coming. With the revival Of
municipal affairs; the introduction OF q
more advanced system of city govern
menr.
New York City. like a great suction
pump. draws TO itself the sap and sub
stance tnat 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
sta stands with outstretched arms to
receive the golden arRosies of the COM
mercial world. Jersey City sits with
folded hands, laek-lustre eyes, dropping
head. and, in mournful accents, like the
voice III Rama, bewalts her fate, and re-
fuses to be comforted.
And yes, they are one and the same
people; they come of the same race and
lineage. Well may Jersey City apply
these words of Cassius to her successful
rival:-
Upon what meat doth this our Caesar feed
That he is grown SO fatg
And tae answer might as aptIy be made
by the same character
The fault, dear Brutus, is not in our stars.
Rllt in OHfSelEaS That a. t4nda rfstt
To what extent politics and politicians
contribute towards this general stagna-
tion, 1t would be presum ptnous in me to
say. So far as | can learn the leaders of
both parties are all honorable men who
have the good of the city at heart That
it is well and economically governed,
dAre not deny. That municipal neglect
is displayed, aud 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 mini. 1t is a singularly con-
stitated state OF society which refuses
support 10 a daily morning press, even
though II sustans two remarkably
able evening contemporaries. Iu all her
recorded faults there is none so grieyous
rs this. A city that condemns to oblivion
the great palladium of the liberty of the
STATE, namely, TIE newspaper press, Is not
q worthy suitor for the smiles of tickle
fortune. This Is the one objectionable
sin. No greater reproach could be laid at
the door OF city 1t il Impossible for
public or civic virtue to prevail where the
newspaper press is slighted. An inde-
pendent, not subsidized, press is at once
the glory and defender of the State. the
guide, philosopher aud friend on whom
citizens of high and low degree depend
to champion their cause and uphold their
rights.
Having said so much that may appear
harsh, said 1t 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, love thee stili''
AUGUSTINE e. COSTELLO