New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-10-28

Hampton Mass He then went to Europe. where
and Berlin gaining besides classical education.
accurate kno wledse OF the German language; which
Sasncss AMI ar political lie lie hen returned to
MS country and vas pepsred f2r his profession at
alrni,ted 20 the bar in 1863. few dlys after his
tw-nty first birthday. -
IA esnan IS familiar 20 the people OF NewYork and
y ne Nation. lie has never been defeated In an
large m,iorl,les Mr Fitch was always foremos,
IN Inc National Legislature as a champion OF honest
early a. June Il. 1872 when Mr.. Band appealed
bll. 20 the Coinage Committee, Mr. Fitch one
OF eleven Democrats who voted 20 table the appeal
bates on ,he side OF sound currency and the gold
standard. seat back 70 congress ny arger ma
h,i is.1 Mr. T'i.ch again did mo-t important
sal.ci IN th defeat % the movement for free-slver
coinage Nj Fitch WAS especially active In his
ties thai Would Inevitably result from Reputation
such az FREQ silver would involve and pleaded the
cause Of ne gold standard and public honesty win
vrld.snteaI attention thro4ghout the country Mr.
Fitch ha. ever since been regarded by the business
community everywhere as a leader "a the cause OF
silver imitation depreciation OF the currency ana de-
struction 81 the credit Of Nation. state and city
General satisfaction. therefore. prevailed among
business men and tho public generally IN this great
business and financial centre when Mr.; Fitch ac-
ceptcd the nomination for Controller and was elect
ei hy a large majority.
As Controller Of the city Ok New York Mr.. Fitch
has upheld The public credit defended the cltys in
teresis and regulated It's finances In way that
has evoked the communication alike or political
friends and opponents The Office Is one requiring
Integrity capacity and ability In the highest degree
II requires a calm and discriminating judgment such
a. Mi Fitch possesses. and the Will and resolution
10 pursue the right course no matter who may be
offended Il requires an intimate knowledge or
Ncw-York's municipal affairs. OF taxpayers rights
and claims OF assessments and contracts. and. In
brief OF the vast and varied business that comes
within the range Of the Finance department IL Is
an Office which should be the furthest possible re-
moved from "crankism." from fads and theories
from ANYTHING save the sOuniest rules OF business
and finance \ crank in such an Office and cspe-
four Years than could be remrdie1 In ten.
This will be the more readily understood when II
Is remembered that the bonded debt OF tho Greater
Now-York that Is OF the future city. which Will
Include inc present city Of Newfork. Brooklyn and
tho q. her annexed communicative be about $40
by savings Institutions as security for the deposits
Of the poor. they held as collateral FOR loans:
"a lnvesfments by the estates OF widows and
orphans They an important part OF the imam
cial system OF Ncw-York and OF the United states
ami any attack upon their stability upon the abso.
lutte certainty OF their redemption IN gold. would
shake tho fabric OF public and private credit 10 Its
foundations ,, -, ~
Crr,roer viii he about SIS 600 while the sinking
f,nd revenues OF Ncw-York city alone are about
So 80 yearly II is estimated that II inc SINKING
fnd revenues and assessed valuations should show
ba lame rafe OF Increase during the next ten years
az during the last ten wears the city would incur
nov Indebtedness Of about N33.O.~0 without en-
croo ching upon the constitutional limit.
AR E'ltch belongs - the New England Society,
,hc Nc,ropolltan. 81. Nicholas. Arion and Leder-
kranz clubs and to the Sons OF the Revolution.