The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1893-01-27
THE CITY'S FINANCES.
Comptroller Hough's An
nual Report Presented to
the Board of Finance.

All the members were present at a con-
ference held prior to the meeting but
Commissioner Peterson was unable to at
tend the public session because of urgent
business which required his presence In
New York. Perhaps the most important
matter that occupied the attention of the
Commissioners was Comptroller Hough's
ANIMAL report.
COMPTROLLER HoUGH's REPORT.
The report showed that on December !,
| 1891, the city's total Indebtedness, except
| ing the water account, was $l3. lao. 5lo H.
| This was composed OF general account
| bonds, 81, ,36l, ,992. 10; assessment account
bonds, $5,0S6.000; temporary loan bonds,
| $57S S26. So; Improvement certificates. SlSf-
| 500 The bounded debt was decreased
during the year $S4, ,96S.6O. The report
| further says:--
.rhe net debt of the city was increased
| during the Easg fiscal year to the extent
| of S23l, ,563.48. With the exception OF the
| loss on taxes and assessments as adjusted
| in reports filled during the year, the re-
sources OF the city will be increased more
| than the apparent loss as soon as the ac-
| counts are properly adjusted. Among the
| items causing the increaseof liability or de-
crease in resources during the year, are
| the following:-Interest paid on tax ar
l
| terest on arrears of taxes received,
| $4,000: bonds issued for special
appropriation made during the year
| exceeding by $27, 600 the amount of bonds
| falling due during the year and PAID
! which were issued during che proceeding
year for like purposes, and the ponds
| issued for the new City Hall and Police
Department buildings, amounting 10
| $40 GOO :"
ADVISES SALE OF PROPERTY.
He SAYS that as the Commissioners OF
| Adjustment are reducing assessments
under the Martin Act" 1t would be ad-
visable for the Board to sell tne
act, with the view of obtaining $3.50, 900
with which to meet outstanding per
| cent. bonds due in 1894, issued III antlci-
| patton of the collection OF 1883 taxes, still
unpaid. The Comptroller concludes
| bis report by saying Ihat the nxed IMAM
cial methods of The Board have Increased
| the city's credit noticeably. One thou
| sand copies of the report will be printed
| in pamphlet form.
| CONTRACTOR NOLAN OBJECTS
| Contractor John Nolan. through Col
| lins & Corbin, filed protest against the
| concurring in the award to Henry Byrnes
of the street cleaning contract. Nolan
| bid is $39, 900, and Is in excess of the APP
preparation; it is higher than his, Nolan's,
| bid. which is $50 1900, and also T. Kelly's
| which is S27,600. Nolan also cites
/ the fact that for three successive
years Byrnes has been the highest bidder
and has received the contract. The
protest will be forwarded to the Street and
| Water Commissioners. Subsequently
resolution was adopted requesting. the
| Street and Water Commissioners to meet
with the Board and discuss the matter of
street cleaning. This conference will take
| place February s.
PAY ROLLS CONQUERED IN.
The Board concurred in the payrolls
| for Belleville and High Service for Octo-
ber. amounting TO $4,755.58; November,
| 81, 500. go; Water Registrar, December,
| So. 2.9149S; Superintendent, November,
| 81 .239 80. Also pthe award to Henry Byrnes
of the improvement of Brunswick street.
between Fourth and Tenth streets: John
Nolan, pipe sewer in Henderson street
between Fifteenth and Seventeenth
streets; Thomas Cavanagh, sewer in Vir
giuia avenue; Ed. O'Donnelly improve
| ment of Seventeenth street, between Hen
derson street and Jersey avenue; M Cur
| ley, brick aud pipe sewers in Magnolia
| and Bald win avenues: A. Shaw, 24-inch
| sewer In Cherries street to connect with the
| sewer in Summit avenue, the improve
ment OF Halliday street between Com
munipaw avenue and the N. q
| N. Y Railroad, authorizing the
| construction OF sewer in Cen
| tral avenue. The sum of 100000
| was ordered paid to Hugh Dugan on ac-
| count of 1899 taxes. The approximation
! for outdoor poor was reapportioned and
| 81, 1000 set aside for tine Street. and
| Water Board with which to pay
| claims incurred during the past
| month for repairs. A Judgment of 81, 100
| in favor of Thedore Smith for repairs TO
Engine No. s was paid. This amount
I will be deducted from the approximation
| to the Fire Board for repairs to Engines
| 4, Sand9
| WILL BORROW $475, 900.
The committee on Finance was autho-
rized to borrow a sum not exceeding
| $475, 900, with which to meet the current
expenses Of the city. This money
| is borrowed in anticipation of
the collection of 1899 taxes. yet
outstanding. The sum of S3,011.22
was ordered paid Hoboken as it's share of
the assessment levied for the Ravine
Road sewer. One hundred dollars q
month will be set aside in future for sta
tionery and supplies for the District
Courts. A warrant for $S06 was ordered
drawn with which will be paid the city's
share ofthe joint Sc wer contracted during
the past month. Transfers were made
amounting to $6O.355, TO meet February
interest Mayor Wanser's veto of the
salaries OF the City Hall Clerks was filed.
This mouths payroll was not passed. The
preamble and resolutions of the Alder
men, condemning the proposition OF the
Jersey City Construction Company was
Ehled. The $1,000 bond of Constable
70 'Beirne was accepted and adjournment
taken.