The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1894-04-13
WATER DEFICIENCY.
Finance Commissioners No
titled the Funds Are
Exhausted.
BIG REISSUE OF BONDS.
Suspicious Coal Contract Not Con-
Cured mother Business
Transacted.

The Finance Commissioners, in response to
a call issued by President Hitler, met last
evening. Clerk Martin Finck had asked
City Attorney Weart if Mr.. Fraser was any
longer a member of the board. Mr.. Weart
replied in the negative. Accordingly, when
the roll was called Mr.. Finck failed to call
Mr.. Fraser's name. President Hitler told
Mr.. Finck to include Mr.. Fraser's name in
the roll call, and the clerk did as directed.
MI. Fraser was not present.
On May 1 next 100000 worth of seven
per cent. bonds fall due. To pro-
vide for the payment of this sum
a new series of bonds will be issued, to bear
interest at five per cent. They will be
thirty-year bonds, maturing in 1924. A
sinking fund, into which $4,000 is to be paid
annually, is created for their redemption
upon maturity. The new issue will be ex-
posed for sale on April 80. Not less than par
and accrued interest will be accepted.
There will be no trouble of disposlng OF the
issue, as purchasers lave been looking for
them already.
James S. Erwin asked $3.50 for his serv-
ices for defending the city in the John Nolan
mandamus proceedings. He will probably
get it by suing.
OPINIONS THAT WERE NEVER
E4-O6uuuUI DTllk0l uOA, ~ 0Sou1lAlhS
to act as corporation counsel, received sew
eral resolutions of the Street and Water
Board for opinion. He returned the resolu-
tions last night, and in q causJic letter said
that he had prepared the required opinions,
but the sudden termination OF official
term by legislative actions precluded him
from forwarding them to the board The
papers were, by resolution, turned over to
Corporation Counsel Blair.
1t will be pleasant news for the Trustees of
the Free Public Library to know that a war
rant was ordered drawn on the City Treas
urer to their order for $2S, 900. This COM
pletes the payment of the appropriation to
the Library Trustees for 1881. 1t is under
stood that the money is to be used in the
purchase of books.
The resolution of the Street and Water
Commissioners, asking concurrence to adj
vertise for 10000 tons of coal for use at
Belleville, which excluded every coal dealer
in the city and elsewhere save the agent of
the Lehigh Valley Coal Company, which
| company controls the four mines from which
the coal must be taken under the resolution,
was pon-concurred in. No resolution will be
| concurred in until all dealers are given a
fair show to bid.
WATER ACCOUNT EXHAUSTED.
Comptroller Hough called the attention of
the Commissioners to the condition of the
water account which is exhausted. The sal
aries of the employees of the department for
March have not been paid. This clearly
demonstrates the department is not self sus-
tanning.
Last Monday the Street and Water Com
missioners ordered the March salaries Of the
Reassessors. amounting to 1925; laborers on
meters, $623.33; Water Registrar, $500, 165;
General Superintendent, S1,549.50; Belle
vile and High Service, 81, b49.51, paid. There
is not a penny with which to pay the salar-
les. and will not be until after May 1 when
the water rents collected will begin to come
in. The first moneys collected will be
put one side for interest on the water debt
and with what is left the salaries of the
small army of clerks will be paid. After
that, creditors of the department. will fight
it out for the remainder. Every year the
account drops behind and money had to be
borrowed to keep it going.
The board concurred in the award OF the
Improvement of Zabriskie street to Henry
Byrne. !.
City Collector O'Neill reported that he had
in his Office for collection the assessment
maps of the sewer constructed in Henderson
between Fifteenth and Seventeenth streets,
Ocean and Duncan avenues, and Halliday
street improvement and Darlington avenu
sewer, in all about $500.
May interest was provided for by drawing
upon general account for S18,415.9 SO, general
account to pay interest on assessment bonds
for $3.50, and on water account for $19,635.