Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1914-12-22
BLOOMF IELD BANK
ASKS COUNCIL TO
LIQUIDATE NOTES
Request Is Looked Upon as De-
mand and Change of Bust
ness Is Urged.

Branding as a demand a letter re
ceived last night by the Bloomfield
Town Council from the Bloomfield
Trust Company, in which the writers
sought the liquidation of certain
notes held by them. Councilman
Henry Atkinson, a member of this
finance committee of the council, sug'
sested the town borrow money from
another bank, and after liquidatins
notes held by the trust company close
its account with the latter institu'
ton. No action was taken along the
lines proposed by Mr.. Atkinson. The
company holds town notes to the
amount of $4,000.
The action Of the trust company IN
communicating with the council IS g
new feature In Bloomhelds financial
situation, which has been under focus
for sone months past. The letter re-
ceived by the council last night from
he trust company reads as follows
AT the request of the town treas
urer, and in accordance with res
olution passed by the council Mon
day evening, December IA, we have to-
day accepted a town street improve
rnent note for S2A, s67.2S. Referring
to the other town notes held by this
institution, we are writing to request
that those which are assessment I'M
provement notes be now reduced by
payment of the amount received on
account of the assessments against
which these notes are issued, and that
those which were issued in anticipa-
ton of appropriated revenues be
liouidated to the extent of the re-
CENT of such revenue. We Will then
he in a position to take other notes
from the town which may be proper
for them to Issue TO meet their needs.
The auditing firm of Loomis, Sunern
& Fernald, of New YORK. recently
completed an examination OF the mu-
nicipal books. Among other Things
the audit showed that notes aggregat-
ing Sill, 900 had been placed IN the
general town account.
1t has been the contention of Coun-
Gilman Edward ]. Hughes that large
portion of this amount belonged In
the assessment Improvement account.
Mr.. Hughes contends that II this
money really belonged In the general
town account the council had Dor
rowed more than permitted by law,
and, further than that, had failed to
pay 1t back.
Councilman Hughes continued his
stand in voting against the payment
of all bills. The auditing firm or
LOOMS, Suffern & Fernald was re-
engaged to audit the books for the
present year. F'reherick c. Bran
slater was appointed town bookkeeper
at a salary of 500 per month. This
appointment was made at the recon-
mendation of the auditors.
The Watching and Erie Railroad
Company, through its counsel, sent Il
letter to the council, requesting them
to nullify an assessment of $500.
The assessment was for curb laid
along the right of way of the rail-
road. The matter was referred to
Town Attorney Charles F. Kocher.
The resignation of Herbert c. Far
of the shade tree commission, was
received and accepted.
T. Howell Johnson, representing
Essex Hook and Ladder Company,
No. !, requested Mayor William Hau-
ser to appoint a committee OF three
to assist a committee of fifteen, ap-
poineed by the truck company to ar
range for a celebration, TO be held on
the arrival of the new city service
hook and ladder truck.
Mayor Hauser stated he would rather
leave it TO his successor, Councilman
Frederick Sadler, mayor-elect, to
name the committee.
The new building code was passed
on final reading. An ordinance for
the extension of the water mains OF
the town was also passed.