New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-08-19
PRICE THAN 1908

THE PROPERTY WANTED CONDEMNED.
IN every case the property wanted by the city
for school purposes had been condemned by the
Supreme Court Commissioners and the city only
had TO issue bonds and pay for the property to
acquire title TO il. Controller Fitch said: 1--WE
have condemned the lands and we need the
schools 1 think should raise the money and
get the lands without further delay.
The Mayor declared that he was not willing
20 authorize the issue of new bonds. except TO
pay debts already incurred. while the city was
not able to sell its bonds for more than loo.1-
the highest price bid on Monday Corporation
Counsel Scott said he willing TO vote for
the bond issue If the Controller thought the is
sue Of the bonds would be in the line of progress
toward acquiring new school sites. Mr.. Fitch
replied that he thought the acquiring Of new
sites was a necessity. President Barker OF the
Tax Department, said: IF we cannot sell the
bonds already authorized. do not see the virtue
OF further authorizations. 49,,
Controller Fitch-But we could have SOLD the
bonds Yesterday perhaps not at the figure that
you gentlemen wanted, but. still at a fair
price. ,,
Mr. Barker There is use Of getting panic
stricken. We will get ample money TOT our
bonds in the fal will vote Tor the Sont ! u
ance Of the public works They should not be
stopped / think however, that the sale or
bonds may well be delayed for month or
bonds
CONTROLLERS MOTION DEFEATED.
The motion of the Controller to authorize the
pale Of the bonds for school sites was then
defeated the Mayor. Mr. Barker and President
.Jeroloman Of the Board Of Aldermen voting
against It. Mr. Fitch asked If he to under
stand that the Board would veto all similar propo-
sitons. and the Mayor said that would be his po-
NJ rkpra JprOlOman
10 the Mayors statement The Board. however.
authorized the issue Of bonds to meet obligations
which had been incurred. Among the bonds thus
authorized were the following: Three thousand
dollars in per cents. for the completion OF the
new civil courthouse In West Fifty-fourth- ST;
$50 600 for the asphalting of certain streets in
the Annexed District; $1,000 in 3 per cent revenue
bonds for a bridge over the Bronx RIVER;
SIG 434 for heating and ventlating School No. - :;
$4,000 for contract to build new school on City
Island: Sl0S50 for heating School No. 30; 5000
assessment bonds to pay T. G. OSullvans claim
for services in Fort Washington Road matter;
S11.907 for school furnishings; S7734 for heat
ing Primary School No. 80: 1867 for the new St
Nicholasave. sewer; 50 1865 to James j. Martin
and So 166 to John c. Sheehan for expenses in
CURED by them in hiring counsel to defend them
selves before the Lexow Committee.
The Board also released the present quarters oc7
cupied by the Aqueduct Commission in the Stew
art Building at rental of $1,000. The request
of the Board OF Aldermen for a sum sufficient to
pay the expense of having the tax rolls extended
upon the books denied the work will be done
without extra cost to the city by the Tax Com
missiOners.
Virgil Bogue was appointed to take charge Of
the laying Of the water mains in Fifth-ave
Acting Street Cleaning Commissioner Gibson
reported the collection Of $4,000 as the result
of the sale by the Bureau OF membranes Of
the seizures made by II.
COMMENT IN WALL STREET
The rejection Of all bids on the city bonds and
the failure to sell the So 433 .c33 Al 3ia per cent
issue. not looked upon a serious matter
in Wall Street Yesterday If the Of the
Eev-York City bonds were an isolated one it
would have created some excitement, but the
fact that municipal bonds from various parts Of
the country have gone begging Of late robs the
incident Of all sensational features Well
posted Wall Street men think that the fact that
money is now commanding better price than
S12 per cent is the main cause Of the failure to
place the city loan