New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-04-08
ONLY A POOR JACKDAW NOW.
M,DERMOTT'S STOLEN FEATHERS GONE.
he SAID HE SAVED JERSEY CITY, BUT INSTEAD
LIE SAM OTHER MEN SAVE IT

he SAID HE SAVED JERSEY CITY, BUT INSTEAD
HE SAW OTHER MEN SAVE 1T.
jersey City was on the verge OF bankruptcy in 1883
and 1854 1t was hopclessly In debt and was unable
TO borrow dollar The last lot OF bonds had been SOFA
for 80 cents on the dollar and no one else wantei
bonds at even these figures. The local banks would
not advance penny, and 1T was Impossible to hduce
foreign capitalists to the rescue. 1t was at inns
critical time that Allan L. McDermott became a mem
Der OF the Board of Finance. In the spring OF 1854
the credit of the city reesablshed and the Crisis
was passed Its debt has continually increased ever
since however, until now it Is again staggering "o'
All great n load as 1t possibly bear, although i'
revenue is 81, 100000 annually much greater '''"
ever before.
since Allan L. McDermott was nominated DIV inc
machine Democrats as their candidate for Mayor ne
has made speeches each night, and in each speech ne
has professed 10 have been the person VINO saved
the city from bankruptcy In 1oS3-leea' lie Niericu
10 this I'm his letter of acceptance also, ana tug e
cue from him, the ice-holders, WHO nave peeh pcs
elng honest taxpayers not 10 desert the ring III us
hour of need have in all their speeches declared that
Allan L. McDermott alone saved the city rom de1auit
ing 49,
The organs of the ring have published this state
ment also and but recently article. under inc
CAPTION of He Saved the City Once" appeared ms
met the eve of DIR. John d. McGill The physician
of NewJersey surgeon in CHIEF OF 81
politician of a higher order than the ring bosses Ill
his marty He is one of the founders of the HUDSON
Democratic society," the "swalloT tall coat eicuicI'
OF the Democratic party In jersey NS' -.
has been a Democratic member OF the boi"
of Education and It's president. was hieni
Der of the Board Of Finance, anu WIS ''o
regular Democratic candidate for Mayor when uiiDer'
Collins was elected in 1884 by Republicans and Cill-
yens He Is a brother Of Chancellor Alexander l.
McGm From the large experience IN municipal
affairs from his unQuestioned honesty OF purPoso'
DR. McGill is a man well qualified 10 speak VII u'o
subject He said on Wednesday In reference 10 the
plea McDermott Is making that he saved the CITY
from bankruptcy . a.,
aw,,h all due credit to Allan L. McDermott. the
Financial Moses more powerful factors than he We're
instrumental in averting the threatened BANKRUPTCY Vi
this city in 1883 and 1884. IL Mr.. McDermott h'u
never been born the cty's credit could nave Det4'
saved Even II man Of far less ability thap Mr.
McDermott had been the ruling spirit OF the boaiu VI
Finance the city would have been secure Inc TACT
,s the BOARD of Finance, OF which he was member a
that time had nothing whatever to do with the Saving
OF the city's credit" ~,
This CRY Of saved the city" has been McDermotts
chiefest campaign material and when IL Is A!o'
over I'm this deliberate manner by Democrat Vi SUI,
high standing as DR.. McGin McDermott Is left win
little to recommend him to taxpayers. IL was 'ni'
very bait he calculated upon in catching inc 'o"'
Of taxpayers. The Guttenburg and beer-shop III
auences he considered sufficient TO control the "i'
hairs But Dr. McGlll, who was member Vi inc
BOARD OF Finance with McDermott goes iuitiier Ill
his interview. lie said -
aAt the time Mayor Taussg appointed MI NC
Dermott q member of the Board the city was III Soc
distress for money, and money had not been secure"
undoubtedly temporary reputation of its oblgauohS
would have been inevitable but the fact Is 'he ho"
of Finance had nothing whatever to do with 'e Sa9
of the city's credit syndicate OF certain peiSo'
together with the Hudson County NATIONAL hahh u''
president A. A. Hardenbergh, was member OF Inc
Board OF Finance) and the Second National Ba'ih' WIN
were largely interested as owners OF the CITY DonuS
Was formed This syndicate, outside of the BANKS was
composed OF Cornelius Zabrskie the late Johh l@lho
and firm OF the late George Slstares sons Vi ->o
NOlil City. These gentlemen r;hseu 'ne 'ih0'"'
sufficient TO tide the city over lis temporary emod'
ment They did this TO protect the large interests
that they possessed in the citys securities ana "o'
on account OF any influence weight that the BOARD
Of Finance had with them Indeed, even ii 'here hau
been no Board OF Finance at all those gentlemen "ou
never have let the city 60 into bahkrup"y' ino
citys credit being saved, time was gained LOT the
LEGISLATURE to come to the rescue, which II dd nnay'
Since that time increased taxation OF railroads VITA
tho apportionment OF jersey City's share OF railroad
taxes the Martin act, the high license fees ana ue
refunding OF maturing bonds at lower rate Oh 'ee'
have placed the city comparatively In a comior'dDio
condition as regards her finances, NOTWITHSTANDING u'e
continuation I'm Office OF weak ana lhcohipecnV H"'
r,ers The poor taxpayers stl continue TO be victims
and I rather think 1t serves them right. Although
am a Ioval Democrat and true to my party, DO not
relish being made victim Of to advance the poiucal
interests of any one While i think Mr.. McDermott
deserves credit for his work in the Finance Boaru
don't think that 1t can be trutnuliy salu ior MIN ''
she saved the city once"
The Republican campaign committee IS WORKING
night and day to be prepared for the battle next Tues
day The headquarters at the Federal Club Dululhg
Ia a place Of activity, hustle and work large corps
Of capable agents are investigating the registry io '
purpose of preventing the large gang OF repeaters
rom doing their netarious work Tuesday. The
greatly Increased registry this spring over tat OF iasI
year indicates too plainly the methods tho rg m
lends To employ to eject its candidates In the sccohd
nrecinct OF tho Vth Aldcrmanlc District the vote
registered last Tuesday was los4 against ~ a.
year In the third precinct OF me sane oar Si'' In IN, t
fifth precinct Of the 1st District theIs were
cor Names last year there were bat - n arfrq
book shows Ais names last year 1t was 90 The
sixth precinct Of the lid District shows 30 names
registered against 5Of last spring IL is this way III
ali OF the precincts notorious as baotbox-stumhs pc
cincts. 80, ,r,,u .ouo,or vac
ter5sy that his election assured il the repeateTs
and colonzers can be prevented from vouns INC
campaign committee said the same thing put II an,
ticipatnd much trouble from the police RepupIc'h
policemen on election day, although few in number,
will be sent 10 precincts where the gang VIII no, make
nn attempt 70 run he Ell spe viii be placed at
boiling places where they can 40 the ring ihe Hos,
service by interfering with hepuDIcat hnm from
doing their duty The Republicans are holding phDllc
meetings each night where able speakers are prcenn2
10 them the true condition OF the Guys government
ul6cr Guttenburg and ring rule
THE SIXTH AVENUE STOCKHOLDERS PROTEST.
The opposition among certain stockholders OF the