New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-02-09
Mr.. METZ Is ANGRY
Sans He Did The Best He
could for Cityis Finances.

4,-sra=- published II Ffe frihune q,
Tne The Controllers annual
-oos v-a,,ld demonstrate with re
a-s,cisl condition - TIE CITY
- ..e srzer If former ton'roiief
Vet 1000 ~ ssz
- ,ez-,e5 revenue bonds - TIE
-. ,-ss- vas one IF the leEacles
4-s7rtsr mana cement ~ the *
rz5 be1uesthsd II his successor
-e-,a7 =, Ia the last streH ~hich
y -. 5o-- NJ Hfetz's more or less
-5-s-cs he CHARACTERIZED me
5ie~-ozr,-es as a Joke, a. Thlcn
:, laugh. instead Of taking serious
= ~ Metz was much too angry
- ~ - see the point q anF Joke
a-=-r,s1 nzisrnsnsser1enJ-thats Just
-. e=77v rot The Tribune has oeen
- ---07 his subject sac me rae
- --1o when The Tribune vas
- @a~-z about his Illegal bond
- october did not dare dsny
--l,rfzf-ed. BIZ. sst in absolute slience-
--sn does ths best he car III the
~ he city that's the kind o.
~ ze- rs al very well 70 TALK
80 bonds I got authority 20
- A. - or corporate stock - wipe
=. -s-s-le bonds ! isued S.ooo-eo
- IN az. and then the panic came
,z=,,e any more Ct them
couldn't buy them L vas fmpossi-
- ,-r--o-s-e stock the1. and Z
- -Ae sane ever since Money had
1sz 70 run the CITY and got I oy
- 80 - ---e--,e bonds. What else Ras
- :, b done I vas glad g get the
- r-- IA sale q any kind q bonds.
-. 49, --sz IN re hcI,. and Rad . nave
re none
= us -0- Convenient for Nr- Metz %
---z--he- that n 1-r-. Uher. he SAYS. NJ
vas z.re II issue only < a" OF ne SO
~ ~ O. ~---ors-s stock sUthorizec - re
sez- Cd -ererue bond debts. he OBTAINED
q ail 10 from -he sale CT these corporate
ss7-gs. Nor Old he stop 70 think that MS
,-r records showed -ha- IN 1@H n -dlS-
-o=e5 a So GO as5 more q these securities
= thzr yea h. also issued about Hs.'shpH
~ revenue bonds IN excess Of me 2----l
allowed t- the charter.
--s7-- does not Ths Tribune come olI
s-z -eu -he truth continued ri Metz.
IT knows perfectly We that tbs con1i-
-77- in which -he cirv.s finances we're when
cana no of7ce n 1aos. vas none Of my
king. 7 found things IN z rotten condl-
s-~ C-= mo has an sense knows per
-@--r-- vel thai II has bean impossible
s--@ az 10 sell an IS 10000 Of corporate
=---z Y vire o-- these old revenue bonds.
rs III v=-- --eI 20 So that these bonds
s-z illegal -r-- there vas only Cne way
- 81 ID O. them. and rhat wsv 1-ss :
-t-st-z- --1oszlh-i-v. Tns only thing The
---c--e IS doing l-- hs-P-nE upon this sub
~ ----7-Z= -l-A rE--.E credit
---~---r---- P-e-6e-SsE- didn't need The
--.----- q rel him that rhis a52.Oa0 600 Of
corporate sack should Be- issued 70 wipe
o.- cd revenue bonds tod him al about
--s- 1efore ~ took cfCe-told him
hadn't been ale 70 manage Z. and that Il
r-z= 70 70 ---- - 90 II Z ne could When
~ CONSTITUTIONAL amendment Is adopted b.
re -ez-sLz---4 eEe-prInE dock and sub
80 bonds from - debt limit rhe present
Controller ma r able % 90 zhat I
-71-5--- =. SUI. - has no easy game
z-ez5 q hin I don't u-er- 70 ger into
go cc---c-e-E- with suv Cue On This sub
-e-- I ~ or Of t. Us none Of nv
business z-- mora ! cid The very bez- 7
-l--6 --ds- the circumstances and ought /
= lezs- n 80 = fair deal n This business
--z-esd 2. 5e--z pounded IS have been
RS pointed or - NJ. Metz that The
E-1--s 70 ANXIOUS = print any state
-e-- r night have - make hu- The *
Controller VS. much TOO eng make (
go z-z-=-e--
AZ I have r. So e that E2~F been .
--=s-ec z--- ---E1-- little consideration o. 4
--l -r+---=- ~ continued There tzn- 4
s--rEl-E -c-= 70 So Just -o7-. our = this 4
pounding keeps or vii come cut and 4
- sc-= things --s- --cn'- he pleasant /
T-z- hzCoereC % M 6roz, 81 the real 4
zV-s-s --~ez-1 q -1@ Finance Department, 1
va zrc-1 CIV against claims made agains- F.
- ---- ~ re Long Island Railroad Com 4
~ TLzr rs even nov or rhe vsy zith 4
-eEs-@ - other officials mon those sC--rs 4
Sod - people zho -z6 claims against
- ctr --zr should -c- have been re5d
On - public --II md CIT al right /
~ ma -= beng Co-e before lonE Erlr .
"a 90 --r-.- ~ mora n So ! had right I
-- eTr@-- square 6ezl and didn't get = .
E-e--1c5-z sins we're loaded on - ma .
V-rhc--- ever r. 7---- ~ eEpIaln. and I an .
sc--zz1 ~ hz---E -5s-z1zsed The ciry's .
=--r-=z c=-=zz= Z. couldn't Do -he trnpos- /
=-.s -1=- .=- rs zze what others EiH d .