The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-03-18

or's advisers. MIR. Mitchell did not hear
the speech, although no was N the same
hotel as a guest of honor Of the Friendly
Sons OF ~. Patrick.
Boiled down to n sentence, Mr.. Colcr's
speech was that the Mayor and his fol
lowers are driving business men out OF
the city and out of business and are m
wiling most OF the buns in the country
- come here and be taken care Of.
says Facts Arc Concealed.
Mr.. Coler ended his speech with the
charge that the administration ia com
cealing the real facts as regards the
city's financial condition. and that New
York had never been in as bad a way
financially as at present. On this point
he said
I'm going to make a very startling
statement. The last figures given out az
regards our known borrowing capacity
made II appear hat that capacity was
$50. 00o, 900. although all but $4,000, 600
of the amount had been pledged AS u
professional. not an amateur |nnancier.
one who l. concerned in the buying and
selling OF city bonds. 1t was my business
~ get at the facts. / suspected that
something was wrong / conferred with
a Judge, who h. also . fuancier. and I
found that the figures given out were
S35. 600. 900 out of the way. The same
Judge told m" that no court would ever
sustain the figures given out.
"Th" city OF New York Is far beyond
It's debt limit. DO you know how YOU
are getting fooled? In 1918. when the
interest on iond- for the new railways
comes due, thc AK rate will he some
wher" between $50 and 30 unless
something is done TO stop the present
Impossible infringement
Nj. Cu'er's speech attacking the
Mayor, Nj. Bruer'. the Roc.,ieller and
sax" Foundations, and particularly IN"
Bureau OF Municipal Research. wt, in
pant as follow,
III so'n" inspired chrpulcler OF human
affairs ever writes a history Of humbus
~ will liuger long and lovingly over the
record OF the present ely government of
New York. There is aiwavs a profit
dnle market FOR the purveNpr of gold
bricks. Freedom may have shrivkcd
Wnen kosciusko fell. but huruouE wasted
no Tim" IN mysteries when Cugl!ostrn
died. for IN tno future was the bureau
% Municipal I;e-,aich. This delightful
organization has been so active In th'
work Of finding ways 10y which the tax
payers mone can he expended hat II
deserves a central position IN any dis
,i-slou nj New York's financial con-
u.t!uu II - tho municipal expression
OF ,ue most modern cnlorescence o.
hunbug and = ~ the same family -
flung. tS the various so-callrd "fouuda-
ions 90: which the Rockefeller n the
StL" foundations nr" allied and not
greatly d..sim..ar types.
An 90 these AZ" outg~ovths ~ n
crack Drained matvrialism whose poll.
teal and economic form is socialism.
Just as toiistools and other fungus
Prowths appear urnn a tree fiom which
~" PRINCIPAL Of ~" has deplrtod, 80 a
th.s' uutck"rIes spring from q rotten
philosopher They az" IN" most nm
healthy hin in our soc!a. Ne
With high soundiue pretent.ors 20
Ncuc,oleut purpose operating with
public opinion and tri'l'd with
things ~ the utmost importance to a
fro MASON They have Allied ou-
scrools and colleges With a shan
science and - sham morality
i reueuncg VERY we'll the appearance
here OF this organization was a mcu-
hsr ot the Board nc Estimate when
Henry RiG,re graduated from social set
Element work 20 directorsnip In he new
bureau had a hope that It would be
q real influence for rood. Ny hore was
short lived The bureau soon obtainel
ana earned The reputation OF being kim
10 the faults % its friends. Those Of
'icials who Mould put - accountants
and advisers on the city payroll- we're
treated in gentle spirit and those who
did not felt the effects OF Is resent
mcnt.
During the early days Of it's career
real estate deals involving the .osS Of
millions to the city were mr. through
without a protest from the bureau. T.
WITS busy with + cent Grift, with such
little luuts and leakages as wealthy and
powerful persons could not De Interested
In. I WIS wildly excited over the penny
0eculatIous that AYE always occurre
and Will always occur in every human
organization. official or non-ofncial.
1T, director. Mr. Bruere. obtained a
remarkable influence over the then Com
missioner Of accounts, who has since he
cume the Mayor of the city. and In the
dist riOution OF SpOils he selected the
most lucrative and Least responsible ap-
p%oiutiVc office In the city government.
lie has drawn hts salary or a year for
p~erfornirc the duties of "A NTH wheel in
tho city government, His bureau has
extended It's Held Of operations from the
city to the Stare Government. When
the same old Bill with an unerring
instinct for nummery created his State
Bureau OF Efficiency and Economy three
wears ago the nostrils of the Bureau OF
Municipal Research quivered. The ex-
perts pranced to Albany, There were
many temporary employments. some az
$50 "A day. In the now deserted offices
OF the Efficiency and Economy Com
mission At Albany there are some bales
OF reports After two years OF eff
cheney and economy with the high priced
advice and assistance OF the Bureau ot
Municipal Research the poor depart
m"nt is dead and the state is involved
In a controversy as to whether It's deNrt
* eleven million or eighteen million dol
lars"
COY Whitman was also a guest ~
honor at the banquet and MAIDS a brlcr
talk. largely on the lines Of hts speech
before the Friendly Sons.
Frank W, Smith was toastmaster and
about 500 attended the tenth annual
BANQUET of the society.