Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1913-05-20
MARKET PLANS AT
A STANDST|LL NOW
Difficulty Expected in Floating
of Bonds Necessary for
the Projects.

The retail and farmers market
projects were still left unsettled after
special meeting of the councilmanic
market committee last night Thus
far no provision has been made by
the city comptroller for the disposal
of the $400 900 in bonds, authorized by
the Council for the retail market. 1t
is the general impression that diff
Guilty viii be met in getting rid of
them at Az per cent.
with reference to the proposition to
establish a farmers market in Lafay-
cite street, Acting City Counsel Her
bert Boggs has already ruled, infor-
mally, that the committee had no au-
thority, under the act of 1912, to pur-
chase any but lands adjoining the
present market.
Proposals for the retail market will
be received by the building committee
on May 26.
It was brought out in the discus
sion last night that the present tenor
of the money market leaves no hope
for disposal of the market bonds at
Az per cent. in the near future, IL at
all. In order to be absolutely clear
in the matter and as City Comp
troller Tyler Parmly has so far
given no formal notice to the build
ing committee, which will have to
award the contracts. it was decided to
have Mr. Parmly commit himself in
writing
To this end 1t was resolved that
Alderman O'Brien, chairman OF the
finance committee, and Alderman
Harrington, chairman of the build
ing committee. both of whom were
present at the meeting, and Alder
man Reilly should walt on Mr..
Parmly and get a formal statement
from him over his signature
Tt was said that the committee
had gone ahead because they had
been assured that the money would
be forthcoming when wanted
Alderman Hopping, of the Republic
can minority, explained his objec-
tions to the farmers market site at
the last meeting of the Common
Council He stated that he thought
1t strange that the selecting of the
site and the getting of options was
done under cover, without any menu
Der of either the market or the build
ing committee knowing about 1t. ex-
cept the chairman of the former, who
is a member of the finance commit
tee. The resolution, as published,
was introduced by Chairman O'Brien,
of the finance committee. Alderman
Hopping complained further, that,
though he was a member of the conf
,nittee, he did not know anything
aholIf ii before hand
Mr. Reilly explained that the site
had to be selected very quietly. as
otherwise the owners would have
jumped the prices. 1t was not a
question of shutting anybody out,
but simply precaution in the in
terest of the taxpayers. No action
was taken regarding any possible
new site, as Mayor Haussling has not
as yet vetoed the resolution of the
Common Council. Alderman Hopping
stated further that he could get prop
erty for lesser price than the $780,
900 the council voted.
After the meeting Alderman Har-
rington stated that the building COM
mittee would go ahead with the
awarding of contracts in anticipa-
ton of the money which had been
promised He held that this action
was quite within the law. as the bond
issue had been authorized by action
of Common Council and it was up to
the comptroller to see to the disposal
of the bonds.