Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1912-10-26
C|TY'S FINANCES
0. K, SAYS ROWE
Accountants Declare NeWark's
Monetary System Best in
United States.

Iaklng To a numDer o
statements made by Louis v. Aron
son, the Republican candidate fol
the mayoralty, with reference tt
Newark's municipal business and tbs
state of its finances, City Auditor
James A. Rowe last night at a num-
Der Of meetings gave facts and fig.
ures to show that the business ii
we'll conducted, His statement wal
a concise presentation of facts and
figures, such as the lay mind might
assimilate easily.
MI. Rowe in opening his address
declared that he was prompted tc
talk only by the Misrepresentation OF
facts by Mr.. Aronson. For the most
part he said the Republican candi-
dates addresses with reference to
the city's financial status yer incor-
rect, and the facts and figures
were not set forth with exactness
and care. He spoke as follows:
1.-THE gentleman says: When I an
Mayor the books and accounts of the
city will be kept so that "he who runs
may read" Now Il sometimes hap
pens thai the runner does not read
nor even think, nor pause for a mo-
ment to consider things in a rea-
sonable way. In answe to any seri.
GUS doubts or timid fears that maj
possess the soul of the candidate and
In full support of the fact that our
accounts and III system of account
ings is as plain, concise, comprehen-
sive, complete and accurate as any
of the other cities of this country,
I present herewith an excerpt from
the report of the expert accountants
to the finance committee:
Quotes Accountants Report.
price, Waterhouse & Co, of New
York city, say in their report:
1.-The report of the auditor is con-
else but comprehensive and, with the
supporting exhibits shown in the re-
port, constitute, in u judgment. a
most satisfactory form of presenting
the accounts of a municipality.
""The accounting system of the city
is on a higher plane than any we
came in contact with in the cities OF
the United States
Now these men are practical anc
u~nprejudiced trained accountants and
the ablest men in their profession
They take facts and figures as a bash
for their findings, and praise from
| them is praise indeed. These men ex'
anime the accounts of corporations o.
such magnitude as the Prudential In
suranoe Company, the Steel Trust O.
America, the Harvester Trust, thu
International Mercantile Marine ant
accounts of cities from Seattle t
Newark and New York. Hence w
ought to be proud of commentator
from such a high source, and we hav'
a right to quote their commentator
of our system and OF our work SO a
to still the consuming doubts an
allay the solemn and melanchol,
fears of the gentleman who thinks h
knows how"
Haussling's Regime Profitable.
Mr.. Rowe referred to the Insurance
Fund Commission and added:
ITO avoid n further misunder
standing about this fund let me Civ
you it's history.
"Ex-Mayor Doremus can indeed
claim that it was during his admin
istration hat this commission wa
instituted, under the powers of al
act of the Legislature, March, 1905
The first meeting was held on Apri
IL, 1905, nj six years afterward
ending December 81, 1910. the mort
bund Republican Insurance Commits
sion has accumulated a profit o.
$4,000, or at the rate of $4,000 ever,
year. In two years, 1911-1912, tn,
Haussling Democratic board shows
profit of over $4,000 more, or at tn,
rate of s14, 500 per year, and the assets
of the fund are about 1853, 900 at thu
present date.
Now about the taxes, the curren
discussion of this important question
looks like a crazy quilt. First be sur
you're right, then go ahead sal,
Davy Crockett. First be wrong, thel
go the limit is the way our Repub
tiican spellbinders talk. Why, / hear,
one of their orators tell an audienc
in the Third Ward this: Gents, W
are paying $2.14 taxes. Just think O
it, $2.14 on every dollar that ever.
poor taxpayer owns. Why. fellow citi
zens, l say to you it is outrageous
Explains Tax Rate.
I'VE wonder where he got hi
figures from. Our a rate this yea
is $2.04 on the valuation of 800; 0
this the county gets 1854, leaving 1877
for the city. The return from thes
rates, ON a valuation of $50 million
of ratables, will aggregate about 81,
S72, 900, of which the county gets 81,
547, 900 and the city IS. 1926, 900. Nov
the increases over last year in tn
amount to be raised by taxes
about 1854, 900.
"In 1912 we get for the city $S,S25,Ot
and for the county se.o47 900, so that II
county gets this year. more than doub
the amount IL received In 1906, and Il
city gets only $780, 600 more than IL q
in 1906. In other words. the Republics
county increases at the rate Of over II
per cent. in six years. time, while II
Democratic city only increases at the IA
Of as per cent. in the same time.
"I don't know how the county ca
account for this increase. The cit
car point to increased expenses {
public schools as follows:
1906, school appropriations were $4,000
l1912, school appropriations were Sl,30S,WO
an increase of s405,0 600.
Honesty OF administration ar
honesty of purpose have signalizt
Mayor Haussling's six years of II
cumbency of his high office, and I