New-York tribune., 1900-05-19
CITY DEBT NEARING LIMIT
CONTROLLER ASKS BOARD OF ESTI-
NATE TO DEFER BOND ISSUES
WORK FOR HORGAN &
SLATTERY

controller Coler reported 20 the Board OF Esti-
mate Yesterday that the city's debt so close
+o the constitutional limit that he did not consider
Il safe 70 authorize any further bond issues for
ehe present Mr Coler submitted report egh-
teen applications for rhe issue OF bonds for various
purposes agzregatng S2,11ss1oG Gs of all of which. he
said he was in favor and If only their individual
merits were 10 be considered he woul1 recommend
the issue OF the whole
IN addition TO the proposed alterations to the
Courthouse the Legislature has passed number
OF mandatory laws which viii increase the debt
Mr Coer says. and make necessary the suspen-
sion Of the further authorization of city bonds.
Among the bond issues which Mr. Coler asked
70 De laid
DEPARTMENT OF PARKS
Alterations Riverside Drive viaiuct across -
ru>Hishlns and completing buildings Of the
Improvement Of grounds Of Bronx Park 200 01o 90
FIRE DEPARTMENT.
900 00
DEPARTMENT OF WATER SUPPLY.
Acquisition Of land FOR an additional storage
Cr7ton River 800 900 90
Nr Coler explained that the money required to
meet some OF the expenses authorized by manda-
-or, laws was not known. and would be known
until after July l.
Special revenue bonds viii have be issued 10
rovde for the additional salaries under the Davis
school Bill" said the Controller, and these count
against the debt limit"
They may amount 10 s5.5o0VS lot one year,
said the Mavor 'or S coo 60 for the years"
we have 70 economic 50 that the rapid transit
may be extended 70 Brooklyn, added the Mayor.
y want 10 say said Corporation Counsel
whalen that intend at some future time 10 pro-
pose notifications # the present rapid transit
tract I want 10 that II is completed in
proper way I want 70 see a four track road ex-
tended above Observation-Disclosures and
want TO see the eastern branch go up Lexington
sve. 50 that the East Side viii get some benefit
well as The West Side
I think there Is slim chance of your nodtfca-
tions being adopted answered the Mayor.
We'll mention them now so that when I bring
them up again II will not be said that had not
mentioned the matter before" replied Mr. Nhalen.
Won't the Controller give d kind OF a
rlent,' asked President Guggenhcmer. so that
can Judge for ourselves how near We are TO the
The Controller has given me his reasons" said
the Mayer
matter the Mayor returned Mr.. Guggenheimer
communication was received from d commit
the Justices OF Supreme Court inform
ing the Board that a law had been passed authorz-
ing the renovation Of the County Courthouse and
asking that an architect be appointed at once 10
ascertain what was 10 be done.
I move that HOTgan & Slattery be appointed
architects for the Courthouse alterations said
Did the Justices ask for them" asked Mr. Coler
They did" said the Mayor and Horgan & Slat-
tery were naIed-
The Controller reported receipts from the excise
fund amounting S4575 600 nd from the theatri-
cal license fund amounting To $500 both Of which
were added 10 the general fund.
The Board appropriated s2eD6 for putting the
Dewey Arch in repair for six months and instruct
ed Commissioner kearny TO ahead with the
work.
The purchase Of twenty-nine pieces OF property
Tor approaches 70 the New East River Bridge at
cost OF $4,000 authorized
After transa citing other routine business the
Board adjourned