New-York tribune., 1922-12-23
Iity Puts Off
| Creditors to
Raise Funds
.s.auciaI Collapse, Due to
Rank Tax Decision Re-
funding 5 Millions, Avert
"a BY Drastic Measure
Board Rescued
v.,,c. and Teachers Among
Employees Slated for sus-
n,usion as Alternative

.-..hso~n Of the Hyian admins
-, a few days at the close Of
i' vss averted yesterday at the
{" A. the Board Of Estimate.
-, Hylsn and other members Of
s..-I saw no way Of avoiding the
~ ...,v s.o ot laying otf 100000 city en-
w . val a. the heads Of de-
p... p..., N order 70 meet the $1,000
:. I.e,l, 70 ths 1922 budget caused
...,t decision Of the Court Of
- s,seludinR the city from col
Appeu' >, amount from the national
stnht Ths city had relied on the
~ oos.'isstiop q tAls tA1 on December 81
s.-,,. n. rscairsmsnts OF the budget
70 m.'t .,i vert into executive ses-
az. e,,iSer tks matter with gloom
~ % ~ m over the faoes Of the Mayor
Nssss1 .s,orletss IL was llke q meet
80 as' 80 meurnerS. with ono bright
s...,.r s fhe smile on the face Of
Sea..stroIlsr Craig. He finally saved
~. ~ uith a plan which included
- posfpontment OF about $1,000 900
4 ~ rr,sert eTedltors' claims against the
~ untIl next year. This, together
sSh accruals and transfers Of other
ei.y tun6s, the Comptroller said. would
psrnlt the city government 20 function
isr the rest Of the year.
Marrow Escape" Says Hyian
Mayor Hylan declared Il bad been q
arfoW escape and joyfully proclaimed
| ASt the Comptroller had come 70 the
nsene. He said, however, that he
adnt know what they we're going to do
mzt year unless the Legislature came
b TIE city's rescue.
n the open session Of the board the
gyor and Comptroller Craig e1-
,lsined the sttustion and what had
ksn done 70 meet IL The $1,000 900
nqulred TO carry on for the rest Of
as ysaf 10 the frst inGtAllment Of the
lho6o0 900 for which the city is obli-
Inled es . fesult Of the court decision.
Iim million was collected In 1920 and
kiii and spent In the budgets Of those
,ls which will have 10 be refunded 70
a be banks. Another sb,o00,000 was put
\ ! As 1928 budget
we don't want 20 create any I'm
nssSlon that We found money that
lhdrt heretofore exist" said the Comp
l..oller. "To CARY on the city's nctivi-
lies without laying Of the police and
lsiAg city employees, whom we have q
light 10 suspend, the city transferred
I.snds from which people who have
lllns against the city are paid"
VIII Hold Up Other Payments
IA Comptroller explained that there
Iuas AStvoen $500. 900 and $4,000 900
Ia ghs general fund from various
l,vuros, that could be used. The rest
Ia ths 1Ay000. 900, be said, would be
lnads up by temporarily holding up
lpsynsbl Of city bills for coal and other
Iosptrtpsnt supplies. After the trst Of
ne yeas NsrO also Will be new sources
LOT revenue.
InelsdSd In ths coming legislative
Ipregzn Of the city, bills will be In
irodBeed, according 20 the Comptroller,
10 saddle upon the state a larger pro-
Portion of the expenses authorized By
The state. For example, the Legisla-
fare Increased the school teachers sal
snss $4,000, 900 and provided only tll.-
100000 toward this Increase, leaving
li15O00, 900 for the city 10 pay. The
city will endeavoT 10 have the state
nsst the entire amount
The Comptrollsr slso said that an
mailing act would be necessary te
berfnlt the dty 10 make over the 1923
budget. He said that about Sl0,0oO,0Oo
kouid have 10 be cut out Of next years
kudReE other lO6iilAtion viii Be
Iought to cover the oity'S loss In the
bank tax
City Government Threatened
IL this had not been done" the
Mayor said. referring TO the Comptrol-
esf's plan 20 meet the 100000 bank
kat deficit, "the city administration
would have ceased for three or four
DAYS In order 10 make up the deheit.
lfke result Of this tar decision is that
Il es 70 $4,000, 900 will have TO 60
bNso Ae 1924 budget 70 take care Of
tAs d.seit The taxpayer VIII have 70
lny that"
I hssT the money question bad been
{Wtts1 The board unanimously dlsep-
aprovsd the plan Of the Transit Gem
iniuiea fer o new subway Known as
ltAs Eighth AvsnuO-Amstsrdau Avenue
llins, sonslsting Of . main line and tVs
branches. A delegation from Waihing-
ton Heights civic Organizations voiced
their opposition 70 the Transit Com
lmlSsion plan aud commended the
Nayor't plan. announced some time sgo.
The board adopted the plan Of 9or-
lorgh President Riegelmann Of Brook
pyn, providing for the cutting through
Iof new streets and the widening Of
Pliers from Surf Avenue to the new
PeArd walk a. Coney Island. Tho cost
q The improvement is to be assessed
s 60 per cent upon the local area
etaefted snd 40 per cent upon the Bor-
l,agh Of Brooklyn Gs q whole. The
noroughfares 70 be improved are West
fsxtA, Eighth. Tenth, Twelfth, Fiji
senA. Sixteenth, Nineteenth, Twenty
ssrh, fvspty-ssvsnth, Twenty-eighth,
thiV'hird. Thlrty-hfth and Thirty
sra etrests and Stillweil Ayepue.