{"1": {"fulltext": "F 144\\n.E4 B7\\nCopy 1", "height": "3852", "width": "2625", "jp2-path": "elizabethquestio00bov_0001.jp2"}, "2": {"fulltext": "", "height": "3778", "width": "2447", "jp2-path": "elizabethquestio00bov_0002.jp2"}, "3": {"fulltext": "", "height": "3778", "width": "2447", "jp2-path": "elizabethquestio00bov_0003.jp2"}, "4": {"fulltext": "", "height": "3778", "width": "2447", "jp2-path": "elizabethquestio00bov_0004.jp2"}, "5": {"fulltext": "THE\\nELIZABETH QUESTION\\nBY\\nAX INSTRUCTED AND AMISED OBSERVER.", "height": "3778", "width": "2447", "jp2-path": "elizabethquestio00bov_0005.jp2"}, "6": {"fulltext": "", "height": "3778", "width": "2447", "jp2-path": "elizabethquestio00bov_0006.jp2"}, "7": {"fulltext": "THE\\nELIZABETH QUESTION\\nIMPORTANT BUT IMAGINARY\\nCORRESPONDENCE,\\nA X 1 -v .V A- rc ri-.n a x d a m v s n i .v e r i e r\\n(Not i)k Ei.izAheth\\nV\\nMy philosophy tells me to accept events as they come, with all possible-\\nserenity, but not to be content with evils as they are, so long and so far as they\\n\u00c2\u00bbire remediable. Things itnprovable ought not to be helil as immovable.\\niTHi.i.snK!) rok iHK .\\\\rrnoR.", "height": "3778", "width": "2447", "jp2-path": "elizabethquestio00bov_0007.jp2"}, "8": {"fulltext": "f\\nCopyrighted j^^t.\\nBy C. N. BOVEE, 0^^\\n1882.\\nx*%^", "height": "3778", "width": "2447", "jp2-path": "elizabethquestio00bov_0008.jp2"}, "9": {"fulltext": "The happiness of a peoph is illustrated in th\u00c2\u00bb ir genial\\nhumor, their Intelligence in their .sentiments, and their\\nworth In what they ilo.\\nPREFACE\\nIn the following, pages are to be lound a series ot\\nletters not contributed to tlie Newark DaUy Adver-\\ntiser. Tliat iorni of publication, in that or any otlier\\njournal, would perhaps jiave enil)arrassed the lately\\nappointed fiscal agents of Elizabctli in the difficult\\nand delicate task they have uiulertaken, from its pos-\\nsibly leading to un})rofitable, protracted and mislead-\\ning discussions from other sources. The susceptibili-\\nties of the press, too, needed to be respected, and the\\nselection of one journal, though the most influcutiiil\\nin the State, as the organ of the opinions here ad-\\nv^anced, might have led to invidious criticisms of these\\nopinions by otlier journals. But, it is thought, no\\nreasonable objection can arise to a series of imaginary\\nletters, presenting, with mingled humor and gravity,\\nthe salient facts, and considerations af)plicable to\\nthem, connected with Elizabeth s unfortunate imbro-\\nglio, now happily in a way to be early terminated.\\nThe author, on his title page, has called himself an\\ninfrucfed as well as amused observer. A few words\\nas to that word instructed, to obviate any possible\\nmisconstruction of its import, or of himself, as to his\\nmotives or interest, or aiiv invidious influences what-", "height": "3778", "width": "2447", "jp2-path": "elizabethquestio00bov_0009.jp2"}, "10": {"fulltext": "ever, behind or in him, and moving him to enter upon\\nthis, as he hopes, held of useful endeavor that of\\npresenting, in an agreeable form, and in an important\\nmatter, some useful facts for intelligent consideration.\\nIn no degree then is that word instructed to be\\ntnken as a synonym of inspired. The folly or the\\nwisdom of this pamphlet is all the author s own. No\\nsingle word even of suggestion of it has proceeded\\nfrom any other source than his own idle fancy, except\\nthat, several years since, his attention Avas attracted\\nto the condition of Elizabeth s finances, and, in a jour-\\nnal he then conducted, he was led, as a subject of\\npublic importance, to inform himself upon it, and, to\\nan inadequate extent, to write upon it. He was then\\nearnestly in fiivor of an early settlement of its indebt-\\nedness, believing it called for by the interests of all\\nparties concerned, Avithout having any interest in\\nsuch settlement himself, except that of a journalist\\nand public-spirited citizen. As he stood then, so he\\nstands to-day, except that the settlement which he\\nthen earnestly favored he sees now, Avith great grati-\\nfication, likely to be realized, and is led noAv again to\\nproffer his aid towards a consummation so sincerely\\nAvished and altoii-ether desirable.", "height": "3778", "width": "2447", "jp2-path": "elizabethquestio00bov_0010.jp2"}, "11": {"fulltext": "THE HLlZAnKTIl COM.M ISSloNKR:\\nEditor Newark Daily Advkutiskr:\\nThe creditors of Elizal)etli must now take eare that\\nthey are not won into setthjnients of their chiinis in-\\nconsistent witli their interests. One of the Commis-\\nsioners, at leiiyt, Gen. Woodford, is a man of very\\nremarkable powers of persuasion. We should not\\nconsider our jack-knife safe in our poeket, if he should\\npropose an exchange of his pen-knife for it. The\\nmerits of that pen-knife would be set forth in such at-\\ntractive terms that its possession would sot)n become\\none of the highest objects of earthly ambition.\\nKnowing that, in advance, as a tribute to his great\\npowers of statement, scarcely exceeded by those of\\nanv ])ub]i( man in the country, we should, to save the\\nloss of our time, as an otiset to the loss of our jack-\\nknife, at once close with the proposal, knowing full\\nwell that it was only a (piestion ,of time as to when\\nhis powers of persuasion would prove to be irresisti-\\nble. In respect to his great gift of fascination he is\\nalmost equal to RiciiARD Brinsley Sheridan, of\\nwhom it was said that one of his creditors, to whom\\nhe owed a hundred pounds, which he never expected\\nto get, was afraid to stop and s].eak to him wlien he\\nmet him on the street, lest he should make it two", "height": "3778", "width": "2447", "jp2-path": "elizabethquestio00bov_0011.jp2"}, "12": {"fulltext": "hundred pounds. Taking counsel of the superior dis-\\ncretion of tliis earlier representative of a precarious\\nclaim, we caution the creditors of Elizabeth at least\\nto insist upon something desirable for their claims;\\nto get by all means a pen-knife for their jack-knife\\nnot by any means to be persuaded to increase their\\nclaim not even to entertain a proposition for doub-\\nling it, for if they do his too seductive after-reasons\\nfor accepting it will prove too much for their reserves\\nof capital.\\nWe know less of the other Commissioner, except\\nthat he is a gentleman of distinction in financial cir-\\ncles, but the circumstance that he was also appointed,\\nafter a full canvass of his merits, to so important a\\ntrust, will give like great weight and authority to\\nhis statements. Influence is according to worth and\\nintelligence, and upon that principle Mr. Fitzgerald\\nis to be regarded as a dangerous man, as well as his\\nassociate. They propose to pay, and that long de-\\nferred circumstance in the life of the debtor they rep-\\nresent, makes them just now two very interesting-\\npersons to a large number of expectant creditors.\\nTo owe is human, to pay divine, and not to pay fiend-\\nish, is the not rare though austere sentiment of cred-\\nitors. Let them be held then to a high performance:\\nif not to something superhuman, if to something less\\nthan divine, so far as paying in full is concerned\\nstill to paying up to the full measure of Elizabeth s\\ncapacity.\\nWe write in this matter understandingly. We\\nhave some knowledge of these claims, and of the abil-\\nity of Elizabeth to pay, and are sure it can pay some-", "height": "3778", "width": "2447", "jp2-path": "elizabethquestio00bov_0012.jp2"}, "13": {"fulltext": "tliin.ii: desirable. We wish we could say soiuetliing;\\nhandsome, indeed, but truth is tlie law (if our lite,\\nand as handsome is as handsome does, tliat re-\\nmains to be seen or shown. It has at least that pen-\\nknife, and let the creditors make sure of that for their\\njack-knife.\\nWe will return to this subject if desired, and show\\nby a careful inventory and consideration of the con-\\ntents of Lady Elizabeth s pockets, in wliidi are to be\\nfound several buttons (that will be valuable when\\nbuttons come to be a part of the currency, and legal\\ntenders through an act of Congress making them so),\\nand several spools of cotton (serviceable to enable us\\nto spin out the thread of our stor} whether several\\nbuttons and spools of cotton ought not to be added t\\nthe pen-knife in exchange for the creditor s jack-\\nknife.\\nSafe Guard.\\nTHE ELIZABETH COMMISSIONERS AIJAIX.\\nEditor Newark Daily Advertiser:\\nI wrestle with myself not to lay violent bands on\\nthat writer Safe Guard, that you inconsiderately\\nadmitted to your columns yesterday: that is, I feel\\nlike handling him without gloves. He undertakes to\\ntreat the delicate and important matter of the extrica-\\ntion of Elizabeth from her financial embarrassment\\nhumorously. Now, humor is out of place in grave af.\\nfairs. Your oidv safe man is tlic man who never", "height": "3778", "width": "2447", "jp2-path": "elizabethquestio00bov_0013.jp2"}, "14": {"fulltext": "8\\nlaug hs except over trifles, witli triflers, ;iiid in tri-\\nfling* places. Humor is the clown s quality, good\\nenough in the circus, but it ought not to intrude into\\nthe consultation chamber of the sick town, when the\\ndoctors are gravely considering the critical condition\\nof the patient, and earnestly seeking to devise some\\nremedies to lift him out of his almost moribund condi-\\ntion. It is true, Safe Guard seems to have an ul-\\nterior earnest purpose in view, and at the close of his\\ncurious letter intimates that he will, in a return to the\\nsubject, conduct himself with more decorum, and\\ngravely come down to a proper consideration of the\\naustere facts and figures, and the delicate and weighty\\nreasons bearing upon them, pertinent to his import-\\nant subject. Well, let him do that, and I will forgive\\nliim his late extraordinary performance in caracoling,\\nlike a donkey broke loose, in our garden, till each\\nflower-bed bears the marks of his lioofs. In the mean-\\ntime I commend to him this query for solution Is not\\na clean crust better than a dirty loaf?\\nGrim Earnest.\\nEditor Newark Daily Advertiser:\\nThat writer Safe Guard in the Advertiser yester-\\nday didn t know what he was writing about. If he\\nhad known more he would have known that the\\namount to be ofl ered to the creditors of Elizabeth by\\nthe Commissioners is not an amount of more or less ac-\\ncording to their discretion, but is simply a fixed per-\\ncentage to be paid in a certain way, whicli they are\\nempowered to submit as an ofl er, and for the accept-", "height": "3778", "width": "2447", "jp2-path": "elizabethquestio00bov_0014.jp2"}, "15": {"fulltext": "ance of whicli they arc to m^^oriaic. And what h\u00c2\u00bb\\nsays about To owe is human, to pay divine aii not\\nto ])ay is fiendisli, is nonsense. 1 have known n\u00c2\u00bban\\\\\\na man who couldn t pay who wasn t at all licndi-li.\\nTlie thini; to do when a man can t pay all is to |)ay\\niii})art; as much as oi- all lie can. That is the Ikui-\\norahle thin lor him to do. and a most Li i-atityini:\\nthini:: to his creditors, if they arc reasonable ltein :s.\\nThe Hends are those who won t accept a reasonable\\nolY(M- of settlement, not the people who tender it. And\\nthat is [)recisely the relation of Elizabeth to its cretl-\\nitors.\\nI know nothing about the powers of ])ersuasion of\\neither of the Commissioners, to which Safe (iuard\\nrefers, but presume that they are botii able and hon-\\norable men, and it ou, :-ht not to re(piire any u reat\\npower of persuasion to make it cleai that the oiler to\\nbe submitted by them is one deserving- of the most\\nfavorable consideration. Hoth parties will uet rebel\\nfrom it: the creditors by ii-ettini;- availables for their\\nancient claim, and the city of Elizabeth in the way of\\nsecuring- a linal escape from its present compromising\\nposition, that retards its growth and ])ostpon *s its\\npros|)erous future.\\nl(;iLAXTK.\\nEditor Newark Daily Advkiitishr:\\nTf Safe (iuard, in his humorous letter ni your\\njournal yesterday, means to intimate that Elizabeth\\ncan pay more than it oll crs, I join issue with him. Let\\nhim. or anv one. take a map of Klizabeth. and he w ill", "height": "3778", "width": "2447", "jp2-path": "elizabethquestio00bov_0015.jp2"}, "16": {"fulltext": "10\\nsee that it consists of two parts; a nearly central\\npart, embracing the city proper, or the improved\\npart of the township, and an outer environment of\\ngenerally unimproved lands. The rateables of the\\nformer are estimated at ten millions, mortgaged prob-\\nably for about half their value, leaving about five mil-\\nlions really, and the latter are already so taxed to\\ndeath that you can squeeze little more out of tiiat\\nsponge. Instances can be cited of lands here valued\\nat $1000. on whicli there are arrears of taxes and as-\\nsessments amounting to at least $3,000. So that\\nhere is almost a beggarly account of empty boxes,\\nout of which the fiscal agents of the town are to get\\nnearly four millions, with which to pay its indebted-\\nness of approaching seven millions. If Safe Guard\\nis as good at figures as he is at a jest, I commend this\\ncount of heads (with little in them) to him.\\nSure Thing.\\nEditor Newark Daily Advertiser:\\nOf the two dangerous men spoken of in yesterday s\\nAdvertiser by Safe Guard I think the most formid-\\nable is that suave President of a great Trust Compa-\\nny, Mr. Fitzgerald. He is accustomed to be trusted,\\nboth personally and officially, and will ask and expect\\nfrom us an unlimited trust in him. Gen. Woodford\\nbelongs to a talking profession, who are expected to\\ntalk well, and so we will be on our guard against him,\\nparticularly as a master in his art; but Mr. Fitzger-\\nald will figure as a man of figures, and to his state-", "height": "3778", "width": "2447", "jp2-path": "elizabethquestio00bov_0016.jp2"}, "17": {"fulltext": "11\\nmeiits we must give the most particular atteutiou. to\\nsee that we are uot misled by them.\\nTrue Figures.\\nEditor Newark Daily Advertiser:\\n1 wish to say a few words suggested by Safe\\nGuard s letter in the Advertiser yesterday, as to the\\nadvantages to be derived by Elizabeth from a suc-\\ncessful settlement of the claims against it by its lately\\nappointed fiscal agents. Elizabeth, relieved from its\\npresent financial imbroglio, and put in a shape of hav-\\ning only a manageable debt, will be like a man simi-\\nlarly positioned, an object of respect, and the errors of\\nthe past, which led to that loss of respect, will not be\\nso likely to be repeated, after having been so seriously\\nsulfered from. A beautiful city will once more beccmie\\nattractive. Uncertainty will give place to certainty in\\nitsaffairs, and as to its future. The amount it will have\\nto pay, and its ability to pay, will both be made clear.\\nThe awful face of the tax-gatherer, as hideous as that\\nof death, with whom he is familiarly yoked, will no\\nlonger affright the imaginations and disturb the dreams\\nof the good people of Elizabeth, and of the good peo-\\nple of other places owning property there, or that\\nmay think of moving there as to an attractive place of\\nof residence. A fancy for the place will take the\\nplace of the present distrust of it, investors will be\\nattracted to it as a field for profitable investments,\\nappreciation will succeed to depreciation in its pro-\\nperty values and valuations, and generally a day of\\nbeautv and rladness will follow a long night of gloom", "height": "3778", "width": "2447", "jp2-path": "elizabethquestio00bov_0017.jp2"}, "18": {"fulltext": "12\\nand depression. Therefore, let every man interested\\nin the property of Eliz.ibeth. as far as he can, aid its\\nfiscal agents in or toward an early accomplishment of\\nthe great object of their important commission.\\nFixed Values.\\nEditor Newark Daily Advertiser:\\nI am a man of plain, good sense, I hope, without too\\nmuch imagination or humor to run away with my\\ndiscretion, and especially without any of that danger,\\nous quality, or accomplishment as it may be thought, of\\nhumor carried to the excess of irony, that so often\\ngives offence to the sensitive and grieves the judici-\\nous. I therefore entreat your mirthful correspondent\\nof yesterday, Safe Guard, that he will not confuse\\nan important matter, that ought to be kept as clear\\nand as simple as possible, by bringing into the discus-\\nsion of Elizabeth s affairs any too extraneous and un-\\nnecessar}^ matters, if he wishes really to reinforce\\nwith his powerful pen Gen. Woodford s commanding\\npowers of persuasion, and Mr. Fitzgerald s eminent\\nfitness and great financial ability and influence, in pro-\\ncuring the earliest possible settlement of Elizabeth s\\nindebtedness.\\nTliis is all that I think it is necessary to say now,\\nbut if Safe Guard has to say anything further, to\\nthe effect that Elizabeth can pay more than the fiscal\\nagents are empowered to offer, 1 shall be glad to show,\\nas I think I can, that she can t. You can t get more\\nout of a gallon than four quarts when it is full.", "height": "3778", "width": "2447", "jp2-path": "elizabethquestio00bov_0018.jp2"}, "19": {"fulltext": "and ii(\u00c2\u00bb inoiT than two (jiiai ts wlicn it i lialf fnll.\\nAnd Elizabi tli is Iialfriill. :ind it nll crs two (piarts: a\\ngood otl er, as 1 am pi-cpaicl t,, m.-iintain. if -asinn\\narises for it.\\nJin:\\\\.\\\\i)iRi{.\\nEditor Newark [)ailv Advertiser:\\nIf tlie conuimnity of Eli/abetli had ht cn much more\\nthan a ii-atlieriiii;- of hysterical ohl women, w rin^ in^-\\ntlicir hands over a bi,^- |)ail of .-pilh-d milk, instead of\\nsoppin-;- it up and going to tlie cow for more, they\\nwould have arranged their domestic matters lonsz-\\nago tliemselves, (if their creditors wouhl have allowed\\nthem), but as they have not, and have called in the\\naid of gentlemen eminent in the law an l linance from\\noutside to aid them, good sense suggi sts that tliese\\ngentlemen in turn slu)ul(l be aided, in their (hdicate.\\ndifficult, and important task, by all possible sugges-\\ntions that may be thought to have value. As mv\\ncontribution, of tliis kind and in this behalf, let me\\nsay, that it seems to me that the iirst and most im-\\nportant tiling, after an ac(|uisiton of a fidl knowledge\\nof the situation, is loi- the liscjd agents, at the outset,\\nto determine upon the very best manner of proced-\\nure to be adopted for procuring the consent of all\\nthe creditors to the settlement proposed. This can\\nbe best effected, in my judgment, by the agents call-\\ning an early meeting of the creditors, and getting,\\nthen and there, as many of them as possible to sign a\\ncontract, as coucise and as clear in its terms as the\\ncontract between the city authorities and the agents", "height": "3778", "width": "2447", "jp2-path": "elizabethquestio00bov_0019.jp2"}, "20": {"fulltext": "14\\nthemselves, agreeing to accept the terms offered, and\\nto carry out the provisions of the settlement by a sui\\nrender of present for substituted bonds, etc., and\\nthen by having tlie other non-appearing and recalcit-\\nrant creditors, or their representatives, seen person-\\nally, as soon as possible, and brought over to the true\\nfaith and a saving grace.\\nLight House.\\nEditor Newark Daily Advertiser:\\nI quite agree with your correspondent, Fixed\\nFigures, in his estimate that of the two fiscal agents\\nlately appointed by Elizabeth, that President of the\\nTrust Company is the most dangerous. A president\\nof a great Trust Company has come to be regarded as\\na man who, if he hasn t already your money, ought to\\nhave it, as it can no where be safer than in his\\nhands. He is a guardian of guardians, a trustee of\\ntrustees, and of all men the most fit to be trusted, it\\nis thought. He is a sort of commercial fetich. Com-\\nmercial men, and especially bond-holders, bow down\\nbefore him, and address him after the formula, May\\nI speak and live? Next to the great American fetich,\\nthe judge as to whom De Toqueville in effect said\\nthat we Americans were great idol-worsliippers and\\nour idol was the Judge, the great object of rever-\\nential worship of all capitalists is your President of a\\ngreat Trust Company. Men of letters luive their\\nfetiches in Longfellow, Emerson, Bryant, Whittier,\\nand so forth; politicians theirs in Blaine, Conkling,\\nCurtis, Evarts and Woodford, (the leaders to whom", "height": "3778", "width": "2447", "jp2-path": "elizabethquestio00bov_0020.jp2"}, "21": {"fulltext": "1\\nthe Executive of tlio country makes his iiu lVective\\nappeal in the cartoon of The Jiidge, to save tlic urand\\nold party,) but beyoud all these, since there is no wor-\\nship in our time so devout as money worship, is vour\\nirreproachable President of a j^reat Trust Com])anv.\\nThe City of Elizabeth has therefore lieen profonndlv\\ndesigning in api)ointing such an all-inihiential person\\nas its agent, to get possession of our bonds and othei-\\nevidences of debt, and if we don t take care, and exer-\\ncise a stupidity exceeding even that of the past, he\\nwill do it, and then we shall be deprived of the pleas-\\nure of revelling in the delights of a soon wliolK uii-\\nmaniigeable, now almost unmanageable debt.\\nCautionary Signal.\\nTHE FINAliE OF THE ELIZABETH\\nTROUBLES.\\nEditor Daily Adveutiskr:\\nThe pictui-e drawn by Fixed Vabies in yestei\\nday s Advertiser, of the future prosperity of Elizabetli.\\nas a result of a settlement of its now outstanding\\nexcessive indebtedness, is not overdrawn. But there\\nis another side of the picture tlie horrors of the\\nfuture to the creditors of Elizabeth. folh)wing a fail-\\nure of its fiscal agents to effect tlie settlement now\\nproposed. A few facts, briefly stated, may help to\\nmake this clear. Li his annual statement of July 1.\\n1879, the Comptroller of Elizabeth stated the debt of", "height": "3778", "width": "2447", "jp2-path": "elizabethquestio00bov_0021.jp2"}, "22": {"fulltext": "us\\nthat muuieipality to bu then $5,823,865.16, witli as-\\nsets, consisting of unpaid taxes and assessments,\\namounting to $2,819,771.19, (assets, however, only ap-\\nparent, because the courts of the State liave declared\\nmost of the assessments illegal) leaving a net debt of\\n$3,004,098.97, not taking into account other assets of\\nthe city consisting of school houses, market houses,\\nengine liouses, fire apparatus, and tlie like, which\\ncould not by law be levied upon for the debts of the\\ncorporation. Allowing a million of dollars as uncol-\\nlectable on the assets. (irres|)ective of tlie assessments\\ndeclared illegal) the net debt Avas then estimated at\\nabout $4,000,000. Now the entire indebtedness is\\nstated to be nearly $7,000,000.\\nThen it was held to be impracticable to make a set-\\ntlement on the basis of bonds at four per cent, for\\nthe full amount; now, with the amount so largely in-\\ncreased, it is proposed to pay 50 per cent in bonds\\nbearing that rate of interest. These simple facts,\\nshowing so large an increase of indebtedness, Avithin\\nso short a time, on one side, and so great a decline,\\nalso within so short a period, in estimated capacity\\nfor paying, on the other, are certainly very suggestive.\\nIf Elizabeth was so far behind then, and is so much\\nfarther behind now, after a brief period of four years,\\nwhere will it be in estimated paying ca[)acity, say\\nfour years hence?\\nMoreover, the bonds of the city have sold for sev-\\neral years back at an average of from 40 to 45 per\\ncent, and now, I understand, can be bought in open\\nmarket, for about 40 per cent, flat. In other words,\\na bond of $1000, with all accrued interest thrown in.", "height": "3778", "width": "2447", "jp2-path": "elizabethquestio00bov_0022.jp2"}, "23": {"fulltext": "17\\ncan |)nrcli;is(Ml tor ^liH) oi- t-asli and. as tlic\\naccrued interest on each l)i)n(l amounts to nrarly li)il\\nthe actual per centa,L;e, in ()})en niai-krt. i- rclncrd\\nthereby to about 35 per cent.\\nCan a stronsi er statement in little be jnescnted\\nthan this ot the importance to the interest of credi-\\ntors (^f an early settlement on tlie basis now propoxij?\\nThat basis is superior to that already substantially\\nagreed upon between the p(M)[)le of Rahway an l their\\ncreditors, as appears iVom tlie Advertiser s report\\nthe proceed in^is of a Coid erence of the bond-h(tidcis\\nof Railway and the authorities of tliat city, ludd at\\nNewark on the previous day.\\nQuotin*; from that report, A len.u tliy prixate\\n(^)uference was lield. it says, of the bond-lndders.\\nand the result was that the bond-holdei s unani-\\nmously res(dved that they would atlvisc all crcditoi s\\nto concur in accepting; a settlement with the city of\\nRailway on the followiiiL;- basis: To calculate thi\\nprincipal and interest of the d(d)t, at the rati; of se\\\\ en\\nper cent, up to November 1st, 1882, and to accept new\\nbonds for thirty-five })er cent, of that acciniiulate(l\\nprincipal and interest, the bonds to \\\\^v payable in\\nforty years or sooner, at the option the city, and\\nto draw interest for the first two years at two per\\nc(Mit. the third year at three jxm* cent, and after that\\nat foiii- per cent. This was communicated to the\\nre[)resentativ(\\\\s of Railway, and after consultation\\nthey a ^reed to do what they could to secure the ac-\\ntion of the city authorities of Rahway in acceptance\\nof the proposition.\\nAnd who can doubt, under all the i-ircumstances of", "height": "3778", "width": "2447", "jp2-path": "elizabethquestio00bov_0023.jp2"}, "24": {"fulltext": "18\\nthat case, that the high coiitractincr parties there de-\\ncided wisely and well, and that their procedure con-\\nstitutes a precedent, under the circumstance of a su-\\nperior offer of settlement bv Elizabeth, worthv to be\\nfollowed\\nBut a few words more remain to be spoken:\\nFixed Values has drawn a vivid picture of the\\nbenefits to be derived, by the citizens of Elizabeth,\\nfrom a settlement once effected. That picture, well\\npainted in its broad outlines, also justifies the confi-\\ndent conclusion that the prosperity of the city, and\\nthe appreciation of property in it, so pictured, as the\\ninevitable results of such a settlement, will enable its\\nauthorities to make prompt payment of interest, as it\\nfalls due. and ultimately retire the bonds given in\\nsettlement.\\nFinal Escape.", "height": "3778", "width": "2447", "jp2-path": "elizabethquestio00bov_0024.jp2"}, "25": {"fulltext": "", "height": "3778", "width": "2447", "jp2-path": "elizabethquestio00bov_0025.jp2"}, "26": {"fulltext": "", "height": "3778", "width": "2447", "jp2-path": "elizabethquestio00bov_0026.jp2"}, "27": {"fulltext": "", "height": "3778", "width": "2447", "jp2-path": "elizabethquestio00bov_0027.jp2"}, "28": {"fulltext": "LIBRARY OF CONGRESS\\n014 206 240 9 f", "height": "3778", "width": "2447", "jp2-path": "elizabethquestio00bov_0028.jp2"}}