The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1893-08-10
FINADCIE Rs CONSULT
The Financial Standing of
The City Considered
High Percentage.
NEW MAIN PROJECT DROPPED.
They Will Look Into the New City
Hall Matter-lm proyements
Concrured In.

The Finance Commissioners held an
important session this morning. At ten
o'clock the me m bers OF the board met at
City Hall and at once went into execu-
tive session. The Office doors were locked
and bolted and no one was admitted save
Corporation Counsel Edwards and Clerk
Martin Finck. "Phil'' McGovern. the
assistant clerk was also frozen out. The
conference was not on any specific object,
but general one relating 10 the stand
ing of the entire city government. Why
30 much secrecy was observed no one
would say. City Comptroller Hough
was called into the meeting
room and given hearing
which lasted an hour. The Comptroller
called the attention OF the members to the
fact that during the month of October.
$459.0 600 worth OF per cent. bonds fall
due. and also that in January. 1894.
100000 worth more. which bear z per
cent, mature.
WILL REDEEM AND REISSUE.
These bonds bear sucn au exorbitant
rate OF interest that the Comptroller Is
anxious to have them redeemed, and
then ii it Is absolutely necessary to re-
issue them at lower rate of interest.
OF the first batch of $459. .000 the Sink
ing Fund Commission possesses enough
money to pay $4,000 worth. and OF the
second batch 100000 worth. With the
assistance offered by the Sinking Fund
Commissioners there remains 100000 to
be raised. just how TO do 1t is puZzling
the Finance Commissioners now, but
defiuite action will be taken next
Monday.
Chief Engineer Ruggles was the next
visitor admitted. His stay WAS a short
one. The CHIEF was anxious to have the
commissioners seriously discuss the
question Of constructing a new main
across the HacKensack, as that work
would probably involve the expendi-
lure OF million dollars at least.
THE NEW MAIN PROJECT DROPPED.
1t has been decided to drop the new
main project for the present aud con-
slider. when money is more plentiful, the
subject of acquiring new water supply.
rather than waste money In repairing
the old mains and still have the same old
filthy supply procurable from the Pas
sale at the present intake.
Water Registrar "Con" Healey was
admitted to the conference. He wanted
to know just what kind of report was
desired relative TO the receipts and dis
bursements of the Water Department. It
was explained that detailed" state
ment was not only desired, but was abso-
lutely necessary.
TIE CITY HALL NATTER.
Unless the City Hall Commissioners
have been making good hard 'bluff'
the Finance Commissioners have opened
up way for them 10 proceed with the
long delayed construction of the new
Chy Hall.
The following resolution was adopted
at this mornings session.
Whereas the City Hall Commission has re-
ported TO this board that certain of the owners
of the land to be acquired for the new City Hall
and the bidders for the construction thereof
agreed to take City Hall bonds at par, and in
terest for the payments accruing to them in
case their several bids or options are accepted,
Resolved, That the City Hall Commissioners
be requested to furnish the board at once with
the agreement In writing of said owners and
bidders relative to the acceptance of such bond
payments to the end that this board NAV take
action on the resolution of sal Commissioners
dated July 5, 1898.
CONQUERED IN IMPROVEMENTS.
The board also concurred In the
Improvement OF West Side avenue, from
Yale to Culver avenues, and also in the
Rward TO Thomas Wood OF the contract
for the improvement of Arlingi on avenue,
letween Bay View and Myrtle avenues,
A bill from Robert Davis Jersey City
Supply Company for oil, tacks, aud few
other things. authorized by Comm issiuner
Yoe amounting to $343.58 was non con-
CURED 10 was also y small bill OF $51.75
of Hugh DuGau's for feed. The board
Will probably meet tomorrow evening.