New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-30
LID ON CITY CHEST
SCREWED DOWN TIGHT
Board of Estimate ReSCindS
S155.6O6.26-UnenCumbered
Balances OF Revenue Bonds.
RECOMMENDS OTHER CUTS
We Are on Verge Of Our
Credit Mayor Tells Asso-
ciates-Fate of Ice
Plant Involved.


Rotrenchment and economy will be the
vatchwords Of the city administration
I for the remainder Of the year. The Board
| Of Estimate started in with a vengeance
/ yesterday when they rescinded outright
uuencumbered balances Of special reve-
nue. bonds amounting 10 Slj5, 500 IS. out OF
| total authorizations this year Of ssts.3 39 s..
/ The largest cuts were $3.50 from the
| Borough President 81 Brooklyn. and $50
90 from the Borough President Of Man
haitian
! Following this action the board received
report Of the corporate stock budget
committee recommending the resembling
Of appropriations Of corporate stock
amounting to 500 81 So. The report was
/ laid over for a week.
! The largest cut recommended is that OF
! s]oo0o set aside in 1911 for the extension
, Of Seventh avenue and the widening OF
Narick street. This work is 10 be done.
but since the appropriation was made It
/ has been decided to do the work on the
assessment plan.
| or the total amount 80 per cent is TO be
! levied on the property Immediately az
| the horoughs OF Manhattan. The Bronx
and Brooklyn. This will be levied the
same as assessments are levied for other
public Improvements which are not 10 be
made a tax upon the whole city.
] other amounts Of corporate stock sug-
gestcd for rcscission are;
| Riverside Drive. the construction Of the
extension to the Henry Hudson memorial
| viaduct S2t0.cVc; the extension Of Irving
| Place. $1,000. the entire amount Of the
original appropriation. bridge over the
/ Bronx River and the railroad tracks at
! Gunhlll Road. $4,000: Grand Boulevard
and Concourse, transverse road at l6lst
street $4,000. the construction OF the
/ foundation and walls OF the wings OF the
new Aquarium Building in Battery Park.
! $40 go. the completion OF the Shore Road.
/ between First avenue and Fort Hamilton
avenue. Brooklyn. 81. 1900; the new Belle
vue Hospital. $4,000. out of a total appro-
priation Of 100000: the New York CITY
/ Reformatory for Misdemeanants. for the
erection Of new buildings $4,000.
! The determination of the Board OF Esti-
mate to screw the lid down hard upon tho
municipal treasury was first brought out
when the matter Of giving Borough Pres
ident McAneny 5000 In corporate stock
! for the establishment Of experimental
municipal Ice plants came up.
Before l vote upon this proposition"
said the Mayor. II am going to give 1t
most careful consideration and sea
whether we ought TO 90 into 1t at all.
We are on the verge of our credit The
/ q, - to al In ba
next few years will be slight
Il am not convinced that the city
should make ice on large scale" de-
clared Borough President McAneny. but
! / do hold that the city should make the
| experiment. My engineer strongly rec
ommends that We try the experiment in
the Hall Of Records and several other
| city buildings that / spoke about last
week"
Il Ike the idea" said the Controller.
but do not see my way clear TO vote in
| favot of approprlatlng corporate stock at
| this time to carry out the experiment.
our declared purpose is TO issue such
stock only for what is vitality necessary.
Can't you get the money by making 4
| transfer from some funds already appro-
! priated for other purposes
The matter went over for a week In or
der that some fund might be found from
which to take the money.
Among the cuts made In special reve-
nue. bonds were 5000 from 1900 for pro-
vding music upon the recreation piers
/ $50, 925 for extermlnatlng mosquitoes and
sl6sO0 for repairs to the Brooklyn Bor-
ough Hall.
The board did unloosen TO the extent OF.
approving a transfer Of 5000 from some
OF the funds of the Street Cleaning De
partment for the Fourth OF July celebra-
ton. The Board OF Aldermen had pre-
viously refused to grant $4,000 in special
revenue bonds for the celebration.