The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-05-03
LOW GOOD TOTHE RURALPRESS
EIGHTY COUNTRY NEWSPAPERS
GET THE CITY bond ADS.

Returns, by way Of Bids for Bonds. Very
Scatteriny-Nanely. One From syria.
cuse and One From Rocheste era
Unanimous Vote TO Try Experiment.
The Hon. Seth Low has been shaking
the sprinkling pot Of patronage over the
| whole State in as systematic a manner as
| II he had decided not to succeed Horace
| Porter as Ambassador to France. but TO
run for something on the State ticket.
Since the Mayor hitched up with Gov.
Odell he has been convinced of the absurdity
Of some Of the theories Of public service
held by college professors and the like.
A proof Of it has come home this week
when bills were rendered to the city Of
New York by eighty newspapers printed in
cities. towns, villages and hamlets Of the
State for the publication Of advertisements
calling attention to a recent sale Of city
bonds
These advertisements we're placed by
the Board of City Record, which consists
Of the Mayor. Comptroller Grout and
Corporation Counsel Rives. 1t has been
usual for the city to insert in financial
papers and in certain New York dailles
advertisements calling attention to the
more detailed statement In the City Record.
! When tho city was ready to advertise the
recent sale of $500 900 worth Of 81 per
cent city bonds meeting Of the board
was held The board had list Of papers
which it had used In the past
"The Mayor enlarged the list. said Comp
troller Circuit yesterday. Mr.. Grout did
not say this i'll criticism, for he approved Of
the act and voted for 1t.
THE board did it as an experiment,
, said Comptroller circuit. I'VE used to
advertise In newspapers in large cities
outside the State Of New York, but we
found that that did not bring results be-
cause these bonds are exemp, from taxa
ton only when held in the State OF New
York. So we quit spending money outside
the State. In all the small places through
the State there are wealthy men or estates
looking for safe investments. We thought
we might reach them In this way. 1t may
not be profitable. We cannot tell until we
have tried it.. Since the Charter was
amended to shut out the all or none bids
we have had to look around for small In
vestors. The bond brokers used to get
together In a combination and gobble up
all the bonds by submitting price which
was for the whole issue. When that was
checked by the Charter amendment the
number Of bids from New York sources
decreased"
Mr.. Grout was told that lawyers CUES.
toned the power OF the Board Of City Record
to advertise in all these out-of.town papers.
One section OF the Charter says on that
point
In care. however. OF the sale OF bonds or
stocks OF said city or Of any real estute be-
lonffnf to- the city such adver tisen,e, ts
may be also Inserted In such ether ews.
papers published In said city New York;
"a said board may dstsrm mine In the case OF
each eale.
The Comptroller thought the board had
ample authority In the sentence ifnnne-
diately following the one quoted: 1t says:
But nothing herein cor tair ed shall pre-
vert the publication else where OF any ad-
vertiscmert required bv law: provided, how.
ever. that 70 such publication shall b made
unless tho same /. authorized by concurrent
vote Of the members Of said board.
Mayor Low made sure that all the people
who trade at the famous grocery store Of
Matthews d Co. In Newburgh and all the
people who dwell In blessed propr guilty
to Gov Odell should know of the chance
to invest. The advertisement was sent
to the Newburgh Neus, the Newburch
Register, and the Orange County Press
To realise just how generally the Mayor
passed tho pie one must run down this
partial newspapers that got the city's
The a11n Independent and Republican,
the NJ Erenina Star, the Port Jervs
Union, ~ Port Jervis Gazette, the Scho-
harie Republican, the Lockport Uni on
Sun. the Glens Falls Star, tho Malone
Farmer, the Delhi Gazette. the Cohoes
Dispatch, the oneonta Herald. the Month
cello Republican, Wdtchmdn. the Little
Falls Journal and Courier. the Lowvills
journal and Republican, the New Rochelle
Paragraph, the Saratoga County Demo
crat the Chennngo Union, the Batavia
Neus. the Suffolk Bulletin. the Mount Vernon
Argus. the Ossining Democratic Repisfsr. the
Putnam County Courier. the Owero
Gazette, the Yates County Chronicle, the
Niagara Falls journal. the Otsego Farmer,
the Chenango Telegraph the jamestown
journal, the Corning Democrat, the Ogdsns-
burg Republican, the Kingston Freeman,
the Whitehall Chronicle. tho Rome Sentinel,
tho Italian Erenine Bulletin (place Of publ.
cation not stated the Sdvatoeiax. tho Albany
Country Gentleman. tho Hsrkiner Demo.
Graf, the Riverhead Nens. the WATERFOWL
STANDARD, the Portchester Enterprises, and
the Gloversville Leader;
This does not pre- end to be a complete
Hat. Over forty other newspapers printed
the advertisement. 1t was found, too.
bet ween Jokes in son1e Of the comic weeklies,
which, however, are printed In New York !
city and may be assumed to have currency |
among men OF money az we'll as BARRIERS |
of saving ,endencies who have been looking |
about for invest nents since the Louisiana |
Lottery stopped using them as agencies.
Some inquiring minds have looked for |
the fruits OF these advertisements Beyond |
the practical help they may have been TO |
the Mayor and his political team mate tho
gain Is not tangible. When the Comptroller !
opened the bids no found one from the
Glens Falls Insurance Company. which |
has a Now York Office; one from The Com.
mercial Bank Of Syracuse and one from |
the Rochester Trust and Safe DEPOSIT Com
plny A New York bank bid for the Roches-
ter Savings Bank. Other out -of-town bids
came from Cleveland, one: Boston. one;
Cincinnati. one: Milton. Pa. one, and WASH
ipgion D. c. one
There wasn't a bid from Newbureh or
Delhi, or Schoharie or Suffolk, or Ossinins
or Corning. or Whitehall, or any OF the
places where the country papers went except
Gens Falls, and the Insurance company
I. hwe N~~