New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-06-15
gins to run And out OF this 81 800 900. N.lWop IN
terest is already running and the rest VIII oes''
10 run II not paid2 Ayes.
FIRE DEPARTMENT BONDS.

gins to And out or THIS $lSOVO <i.I@"yV
terest is already running, and the rest VIII oee"
TO run II not paid? Ayes.
FIRE DEPARTMENT BONDS.
Q-Now the Fire Department bonds. authorized
May 1899 for 10000 what are those tSroush.
Q.-That is there are no contract obligations
Q-And there may be a question Of discretion OF
the Municipal Assembly as TO whether or not they
would authorize them? Al think SO; yes; sr :,
1ndersta %pG Mr. e Controller there is question
Q.~Weil. perhaps the A.-Perhaps the two
bridges may be- u,r
done OF which has been condemned oy the
War pepartment finally and the other Tns aT
rangement between the two engineers? A-fes'
Q.-Now. do you know. whether there Is , any
necessity FOR new fire stations? A.-Well believe
the law governs that; in the Increase OF me cry
have about the same every year, 1 believe. ...
Q,..Now. the East River Bridge, authorized May a
with the construction OF the East River Bridge.
now IN course OF construction.
Q.-That is the bridge at the foot OF Grand ST. :
o.-TRat is being constructed? Ayes, sir;
they accrue for the building Of that BRIDGE A.
As they beST re aS s 8S pRe old
Q.-I understand that for large public Improve
meGe ke ha me to me & SIR
Q.-That is to say. you make a contract for sink
Ing q fOundaUOn, n pier. ana tnen TOT slOHe WOEh,
and forth and so on? Ayes, sir.
$50 that all the money is not NEEDED t. to o be
rect. weil. there is some land condemned over
there that interest Is running on at per cent.
HEAVY COST TO THE CITY.
Q--There is more Of this s per cent obligation
which you could meet with per cent bonds? A
premium was enough to make it less than per
cent basis the last was at about the ESQ per cent
$50 that that is a worse showing for the city,
Could rS pace at h PARK Su oWes
was H.
Q.-The East River Bridge is an Improvement
number of years, the present bridge being very
much overcrowded is It not? A.-Yes.
what would happen to the work? AIN time IT
would have to stop. But in regard TO the !
up steel tower. and IT may take eight months to
go ahead WITH r that order to Ee' ba hs bridge 1
the whole length Of that structure.
Q.-You would regard. would you not, the pas
making OF them having been authorized by law
and the work having been authorized by law and
whether or not that bridge should be built there
Al think IN justice to the city j. should be
Q:-The public park at One-hundred and eleventh
and one hundred and fourteenth SITS. and First
1888 sss5 go is that that same little Italy Park
Al guess so. yes. Some awards we have not paid
yet.
Q.-Those are part OF the awards for the land in
condemnation proceedings, representing Judgment
have paid large part OF those awards. l would
not be prepared to say whether the four months is
Q.-As soon as four months comes around after
the confirmation of the award. then per cent. In
Q.-That is Judgment debt upon which there is
paid? A.-Yes.
RIVERSIDE EXTENSION.
Is 1889, what is that-s2C7 600? That is part Of
what is for the Riverside extension, Is II not-a
part of that is for that Riverside Park extension
Q.-Two hundred and four thousand five hun
6 per cent interest? A-Yes
Q-'rwo hundred and four thousand dollars OF
against the city? A-Yes.
Q~Have YOU a summary OF these amounts. an(
ny o9Now, Mr.. Controller. the different improve
| issued extend pretty generally over the city. Dc
! they not? Ayes, sir, we try TO be fair every
DO you know. or can you suggest. any sensi
bic reason on the part of the Municipal Assemol!
pass bonds Tor these purposes. which have beer
ments and the great Board OF Estimate and Ap
! portionment. and which have been urged by M
Q.~Any sensible reason for the neglect and della,
in passing It? A.-There can be none. 1t is a ques
ton Of paying an honest debt nonos, da,, 4,
| you say? Ayes.
Q.-Can you suggest any reason whether sensible
| or otherwise for the delay? A.-No, cannot
especially on these cases where interest Is running
against the city at per cent $3.50
Q.-It is impossible for you to CONCEIVE OF an.
reason why the Municipal Assembly, through rs
| representatives the organ Of the people In ms
| various boroughs in every part or the city shoulc
neglect 10 authorize and issue bonds which can b'
sold for less than per cent. 10 pay Tor judgment
! obligations against the city which are drawing
| per cent You. as business man cannot conceive
of any reason sensible or otherwise, Tor that deay
| A.-No. sir.
THE ASSEMBLY is NO GOOD.