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Bill of the New York Railways Company for Amount Due in Connection with

Exchange of Transfers for the Month of May, 1916. The Deputy and Acting Comptroller presented the following report and offered the following resolution:

July 21, 1916. Commissioners of the Sinking Fund:

Gentlemen—The New York Railways Company has submitted the following bill for amount due it for exchange of transfers issued by the Municipal Ferry and its company, viz. : For Municipal Ferry transfers collected by the New York Railways Com

pany during the month of May, 1916: 196,986 transfers at 3 cents...... $5,909 58 New York Railways Company transfers collected by the Municipal Ferry for the same period : 189,553 transfers at 2 cents..

3,791 06

Balance due New York Railways Co.....

ays Co........................ $2,118 52 Attached to the above bill is a recommendation of the First Deputy and Acting Commissioner of Docks that the amount due be paid to the New York Railways Company.

The bill is rendered in accordance with a resolution of the Board of Estimate and Apportionment dated October 16th, 1913, said resolution being approved by the Commissioners of the Sinking Fund at a meeting held October 29th, 1913.

The amounts so collected by the Municipal Ferry have been deposited in the Sinking Fund for the Payment of the Interest on the City Debt.

I attach hereto a resolution for adoption.
Yours very truly, ALBERT E. HADLOCK, Deputy and Acting Comptroller.

Date.

May 1, 1916..
May 2, 1916.......
May 3, 1916.......
May 4, 1916.
May 5, 1916.
May 6, 1916..
May 7. 1916..
May 8, 1916...
May 9, 1916...
May 10, 1916.
May 11, 1916..
May 12, 1916..
May 13, 1916....
May 14, 1916..
May 15, 1916.
May 16, 1916..
May 17, 1916..
May 18, 1916......
May 19, 1916.

20, 1916..

21, 1916.... May 22, 1916.... May 23, 1916... May 24. 1916... May 25, 1916..... May 26, 1916... May 27. 1916... May 28, 1916.. May 29, 1916.. May 30, 1916.. May 31, 1916.

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Resolved, That a warrant, payable from the Sinking Fund for the Payment of the Interest on the City Debt, be drawn in favor of the New York Railways Company, as follows:

$2,118.52 in payment of bill rendered by the New York Railways Company for

196,986 Municipal Ferry transfers at 3c lifted by it during the month of May, 1916 ($5,909.58), less 189,553 New York Railways transfers lifted on Municipal Ferry for same period at 2c ($3,791.06), leaving balance due to New York

Railways Company $2,118.52.

The report was accepted and the resolution adopted, all the members present voting in the affirmative.

Bill of George R. Read & Co. for Appraisals. The Deputy and Acting Comptroller presented the following report and offered the following resolution:

July 22, 1916. To the Honorable the Commissioners of the Sinking Fund:

Gentlemen-Pursuant to a resolution adopted by the Commissioners of the Sinking Fund on March 10, 1915, I designated George R. Reed & Company as appraisers to represent the City in the matter of the rental of the leases of premises 97-99 Park Row, 103 Park Row and 24-26 Peck Slip, Borough of Manhattan.

I present herewith bill submitted by George R. Read & Company in the sum of $250, for their services in connection therewith, which amount I deem to be fair and reasonable.

I therefore respectfully recommend that the Commissioners of the Sinking Fund authorize the Comptroller to pay from the account known as "Sinking Fund Appropriation" the sum of $250 to George R. Read & Company, for services rendered, as shown on bill submitted by them. Respectfully.

ALBERT E. HADLOCK, Deputy and Acting Comptroller. Resolved. That the Comptroller be and is hereby authorized to pay to George R Read and Co. the sum of two hundred and fifty dollars ($250). being amount of bil. for services as Appraiser in the matter of the rental to be fixed in connection with the renewal of the leases of premises Nos. 97-99 Park Row, 103 Park Row and 24-3 Peck Slip. Borough of Manhattan-said payment to be made from the appropriation made to the Commissioners of the Sinking Fund, for the year 1915 for Contingencies.

The report was accepted and the resolution adopted, all the members present. voting in the affirmative. President, Borough of Manhattan-Communication from, in Regard to the

Free Floating Baths Stored in Roger's Basin. At meeting held July 13, 1916, a suggestion was made by a representative of the Bureau of Municipal Research that these baths be either sold or destroved, in view of the fact that they were not being used because of the action of the Health Department in ordering the discontinuance of use of such baths. The Secretary was there upon directed to submit the question of the sale or destruction of the baths to the President of the Borough. The following communication was received.

July 19, 1916. MR. JOHN KORB, JR., Secretary, Sinking Fund Commission, Municipal Building, N. Y.:

My dear Mr. Korb—This is in response to your recent communication relatire to the storage of floating baths. I am informed that the two baths in question 647 about $30,000, and that the expenditure of some $8,000 would make them servicelk for several years.

In view of the fact that the floating 1 aths are so widely patronized, and so necessary in a congested Borough like Manhattan, it would seem to me to be unwise to destroy them. There is a possibility that private parties may finance this repair in case the City should decline. We therefore deem it inadvisable to make any disposition of the baths at the present time. With best wishes. yours very sincerely.

RALPH FOLKS, Acting President, Borough of Manhattan. Which was ordered filed.

The Following Matters Not on the Calendar Were Brought Up by Unanimous Consent:

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Street Cleaning Department - Communication from. Withdrawing Request for

the Assignment of Plot of Land Situated at the Intersection of the Northerly Line of Neptune Avenue with the Westerly Line of West 12th Street, Bar ough of Brooklyn, Turned Over by the President of the Borough as to Longer Required.

At meeting held July 13, 1916, the matter of this proposed assignment was it ferred to the Commissioner of Street Cleaning for consideration, in view of the objections raised to the proposed assignment.

The following communication was received :

July 21, 1916. Hon. John PURROY MITCHEL, Mayor and Chairman of the Sinking Fund Commission, City of New York:

Dear Sir-On May 25, 1916, request was made for the transfer to this department, for use as a garbage dumping board and relay station, the following described property, viz. :

"Beginning at the intersection of the northerly line of Neptune Avenue with the westerly line of West 12th Street; running thence northerly along the westerly line of West 12th Street to the southerly line of Coney Island Creek; running thence southeasterly along the southerly line of Coney Island Creek to its intersection with the center of a small creek that formed part of boundary line of the former town of Gravesend; running thence southwesterly along the center of said creek to the northerly line of Neptune Avenue produced; running thence westerly along said northerly line of Neptune Avenue produced to the point or place of beginning."

This transfer was approved by the Comptroller and appeared on the Calendar on Thursday, June 15, 1916, when objection was made by a representative of property owners in the vicinity of this land, that its use as a garbage dump would inconvenience them and be detrimental to their business.

Upon further investigation it appeared desirable to secure a site which would be less objectionable to the residents of the locality.

On July 13, 1916, the matter again appeared on the Calendar and was referred to me for report. In view of the circumstances, I desire to withdraw the request. Yours truly.

J. T. FETHERSTON, Commissioner. Which was ordered filed.

Dock Department-Issue of $9,703.27 of Corporate Stock to Pay Awards, Etc.,

Recommended to the Board of Estimate and Apportionment.
The following communication was received from the Commissioner of Docks:

Pier A, North River, July 21, 1916. Hon. John PURROY MITCHEL, Mayor and Chairman, Commissioners of the Sinking Fund:

Dear Sir-The Commissioners of Estimate and Assessment in the proceeding for the acquisition of wharf property, between 18th and 230 Streets, North River, have awarded the Erie Railroad Company damages to the amount of.

$5,000 00 With interest at the rate of 6% from October 17, 1902........

4,144 17 Total for Railroad Company....................... ...... $9,144 17 -which award was duly taxed by the Supreme Court. Fees of Commissioners and other expenses in same proceeding taxed by Supreme Court July 13, 1916....

559 10 Making the total amount for which the issue of corporate stock is requested ......

.......... $9,703 27 I request that a resolution be adopted recommending to the Board of Estimate and Apportionment that corporate stock be issued to meet the above payment. Respectfully,

R. A. C. SMITH, Commissioner of Docks. The following resolution was offered for adoption.

Resolved, That, pursuant to the provisions of section 180 of the Greater New York Charter, the Commissioners of the Sinking Fund hereby recommend to the Board of Estimate and Apportionment that the Comptroller be authorized to issue corporate stock of The City of New York to the amount of nine thousand seven hundred and three dollars and twenty-seven cents ($9,703.27), the proceeds to the amount of the par value thereof to be used by the Department of Docks and Ferries for the purpose of paying an award of five thousand dollars ($5,000) made by the Commissioners of Estimate and Assessment to the Erie Railroad Company on account of damages sustained in connection with the proceeding for the acquisition of wharf property between 18th and 23d streets, North River, in the City of New York, together with interest thereon from October 17, 1902, to August 10, 1916, amounting to four thousand one hundred and forty-four dollars and seventeen cents ($4,144.17), and fees and other expenses taxed by the Supreme Court July 13, 1916, amounting to five hundred and fifty-nine dollars and ten cents ($559.10), or if the Board of Estimate and Apportionment elect to treat either of the two last mentioned items as an operating expense to be met by the issue of special revenue bonds, that the Comptroller be authorized to issue corporate stock in the amount required to pay the balance of the above claim.

Which resolution was adopted, all the members present voting in the affirmative

Armory Board-Issue of $9,900 of Corporate Stock for Furnishings, Supplies,

Etc., for the Temporary Headquarters of the Fifteenth Infantry, N. G. N. Y.
Recommended to the Board of Estimate and Apportionment.
The following was received from the Armory Board :

July 26, 1916 JOHN KORB, JR., Esq., Secretary, Commissioner of the Sinking Fund:

Dear Sir-The following is a copy of resolution adopted by the Armory Board July 26, 1916:

"Resolved, That the Commissioners of the Sinking Fund be requested to authorize the Comptroller, pursuant to the provisions of chapter 36 of the Cosolidated Laws, to issue corporate stock of The City of New York to the amour: of nine thousand nine hundred dollars ($9,900), the proceeds whereof to be ased for furnishings, supplies, etc., for the temporary headquarters of the Fifteenth Infantry, N. G., N. Y." Very truly yours,

C. D. RHINEHART, Secretary. The following resolution was offered for adoption: Whereas, The Armory Board, on July 26, 1916, adopted the following resolution:

"Resolved, That the Commissioners of the Sinking Fund be requested t authorize the Comptroller, pursuant to the provisions of chapter 36 of the Coca solidated Laws, to issue corporate stock of The City of New York to the amic of nine thousand nine hundred dollars ($9,900), the proceeds whereof to be used for furnishings, supplies, etc., for the temporary headquarters of the Fifteret:

Infantry, N. G. N. Y.' --therefore, be it

Resolved, That the Commissioners of the Sinking Fund hereby concur in same resolution in so far as to approve of the appropriation of nine thousand nine hundre: dollars ($9,900), and that, when approved by the Board of Estimate and Apportiot ment, the sum of nine thousand nine hundred dollars ($9,900) is hereby appropriated pursuant to the provisions of chapter 231 of the Laws of 1908 and section 169 of ta' Greater New York Charter, for the purposes set forth in said resolution of the Arme? Board, and that the Comptroller be and hereby is authorized to issue, pursuant to the provisions of section 169 of the Greater New York Charter, serial bonds of The Cu of New York to the amount of four thousand nine hundred and fifty dollars ($1.9 redeemable in fifteen equal annual installments, being one-half of such total authorita tion, and that the remaining one-half thereof, viz., four thousand nine hundred 2 fifty dollars ($4,950), shall be included in annual tax levies in the manner provided by section 189 of the Greater New York Charter.

Which resolution was adopted, all the members present voting in the affirmative

Department of Correction-Proposed Assignment to, of Space at 49 Lafayette

Street, Borough of Manhattan. A communication was received from the Commissioner of Accounts recommesing the assignment to the Department of Correction, for use as a House of Dententiae of certain space in the building No. 49 Lafayette Street, Borough of Manhattan.

Which was referred to the Comptroller.

Adjourned.

JOHN KORB, JR., Secretary

COMMISSIONERS OF THE SINKING FUND OF THE

CITY OF NEW YORK.

Proceedings of the Commissioners of the Sinking Fund at a Meeting Held in

Room 16, City Hall, at 11 o'clock a. m., on Thursday, August 3, 1916.

Present at roll call: Frank L. Dowling, President, Board of Aldermen; Albert E. Hadlock, Deputy and Acting Comptroller; Milo R. Maltbie, Chamberlain; Francis P. Kenney, Chairman Finance Committee, Board of Aldermen.

His Honor the Mayor arrived later. See note.

The minutes of the meeting held July 26, 1916, were approved as printed.

Dock Department-Institution of Condemnation Proceedings for the Acquisition

of Title to Property Between 430 and 51st Sts., North River, Borough of Manhattan,

The Chair called for a hearing in the matter of the request of the Commissioner if Docks that the Commissioners of the Sinking Fund adopt a resolution authorizing ind assenting to the institution of condemnation proceedings for the acquisition of itle to property between West 43d and West 51st streets, North River, Borough of Manhattan.

(Affidavit as to publication of notice of hearing in the City Record on file with he papers.)

Pier A. North River, July 11, 1916. Ion. John PURROY MITCHEL, Mayor, and Chairman of the Commissioners of the Sinking Fund:

Sir-I beg to request that a resolution be adopted by the Commissioners of the inking Fund authorizing and assenting to the institution of condemnation proceedings or the acquisition of title to the property described in the annexed memorandum ntitled “Technical Description of Property to be Acquired for Improving the Waterront Between West 43d Street and West 51st Street, North River, Borough of [anhattan." This property is required for the improvement of the waterfront nder the New Plan adopted by the Commissioner of Docks on April 4, 1916, and pproved by the Commissioners of the Sinking Fund on May 4, 1916.

Under date of May 22, 1916, the Department of Taxes and Assessments has irnished this Department with the following schedules showing the land, improveent and total assessed valuations, approximated for the year 1916:. = =

-
---- - -- --

-

Land. Improvement. Total. ircel A

$8.000 00 $3.000 00 $11.000 00 ircel B

95.000 00 14.000 00 109.000 00 ircel C

127,500 00 2,000 00129,500 00 ircel D

66.000 00

66,000 00 irce

8.000 00

8 000 00 rcel F

62,000 00 15,000 00 77,000 00 rcel G.

95,000 00 5,000 00 100.000 00 rcels H and I....

178.000 00 2,000 00 180.000 00 rcel J......

100 000 00 ........ 100,000 00

A similar letter has this day been sent to the Board of Estimate and Appornment. Yours respectfully.

R. A. C. SMITH, Commissioner of Docks. Mr. Van Rensellaer, representing the Randolph and Veronica Corporation, and s. Kerr, representing the Woman's League for the protection of Riverside Park, Jeared before the Board and requested an adjournment of the hearing.

Discussion followed.

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