The daily morning journal and courier., 1904-12-06
,,,, zs,, s. THE HOWE & sTETSON co. os; sss., s.
To the Honorable Board of Aldermen City of Nexv Haven

To the Honorable Board of Aldermen,
 City of New Haven.
 Gentlemen:-In 1899 an act was pass ed by the general assembly providing for the bonding of the floating indebt- edness of the city of New Haven. Among other things the act provided that the city should pay q sum equal to one-half of one mill on the grand list and not more than one mill on said list each year into the sinking fund pro- viding for paying the bonded debt of the city,
 The said provision in regard to pay ing the floating indebtedness of the city was never carried out. It is the opinion of the board of finance that it should be done in order that the city's affairs may be transacted in a thoroughly business-lil1e manner. It is questionable whether the city government has the power at the pres- ent time to carry out the provision of the said act in regard to the floating indebtedness especially if it should ap- pear that any such indebtedness was incurred after the passage of the act. would suggest that the corporation counsel be requested to secure from the general assembly such legislation as will enable the city to accomplish what was intended by the said act, and to bond the floating indebtedness 1 If such there be not bonded and to provide that after the said bonding of the debt any deficit occurring in any year shall be taken into considera- 1 ton in the estimates for the following year and paid, I would recommend that this matter be referred to the proper committee and that that com mittee report at a special meeting to be called.
 Respectfully submitted,
 l (Signed) John F Studley
 Mayor. From the First Connecticut light bat tery and the Sixth, Seventh and Tenth regiments Connecticut Volunteers Mon- ument association came petition for the passing of the following order:
 "Ordered, That the order approved l May 2S, 1904, authorizing the erection of a soldiers monument on the park at the junction of Whitney avenue, Trunl- bull and Temple streets according to certain designs submitted to and ap- proved by the board of aldermen of the city of New Haven be, and the same is | hereby rescinded, and that the First Connecticut light battery and the Sixth, ], Seventh and Tenth Connecticut Volun- i teers' Monument association be, and hereby is authorized to erect said monument in the center of the triangu- lar park at the junction of Broadway, and Elm street and that a plot of land l fifteen feet square, to be laid out by l the city engineer. be set apart and ded- | icated for the permanent location of \ said monument, and that said monu- ment when erected thereon shall not be \ removed except by authority from the quartermaster general of the state of Connecticut"
 Alderman Montgomery while in favor of the petition said that the city could not give up it's title to any of it's park property without legislative enactment. ! Unanimous consent being refused the petition was referred to a special com- mittee comprising Aldermen Montgorn- cry, chairman, McGuinness, Hotchkiss, Devine and Maxwell.
 I The estimates were then taken up and referred to a committee consisting I