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The. Town Manager 5500 Circulation in Teaneck Township

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The. Town Manager 5500 Circulation in Teaneck Township Copyright, 1931, by Teaneck Taxpayers' League. VOL. I N~. 7 MARCH, 1932. TEANECK, N. J. PRICE FIVE CENTS School Board Control Welfare Funds Will Benefit Financial 'Clouds' Brighten; By Excellent Concert To Be To Be Guided Solely Given Ai School, March 11 1934 Pr~blem Nears Solution By Platform Pledges Music lovers of Teaneck will have an opportunity on March 11 Town Manager Volcker Cracks. First ~bst~cle With ~xcellent to enjoy an unusual musical treat Arrangement With Bankmg .Insbtubon; Enabhng New Board To Organize Soon; at modest cost, and at the same Legislation Now Pendmg At Trenton With League Sponsored time to augment the funds of the Majority of 5-4 Teaneck Welfare Organization, which are in urgent need of re­ Of unusual significance to Tea­ -whereby Teaneck can borrow plenishing. On that date an eve­ neck taxpayers was the commen­ money on tax anticipation or revt!­ The school election held in Tea­ ning concert will be given in High dation extended by Mayor and nue notes for the purpose of pur­ neck on February 9, for the elec­ School Auditorium in Teaneck by Council to Township Manager chasing and retiring the equivalent tion of three members of the board the Neighborhood Glee Club of the Volcker at the regular Council amount of outstanding township of education to hold office for a Northern Valley and the Teaneck bonds maturing in 1933 or 1934. meeting of Tuesday, February 16, Facts set forth later in this article term of three years, resulted in th.e Community Orchestra, presenting for it marked another step forward election of two of the three candi­ a program of carefully selected will show the importance of this dates endorsed by Teaneck Tax­ in the progress that i~ bein!\ stead­ achievement. male chorus and orchestra num­ ily made toward strai&"hten~ng out payers' League, Eugene Blanken­ bers. The first step taken toward horn and Gustav A. Escher, and the financial tangles mhented b.Y cleaning Teaneck's financial slate, It is expected that the hall will the present administration when •.t after the present administrati.pn one of the three members of the be crowded to overflowing, as the took office little more than fifteen board who were all running for general admission price is only took office, was to secure from the re-election, C. W. Brett. months ago. State Department of Municipal With three members of the fifty cents, and many organiza­ Mr. Volcker was congratulated Accounts a correct and official League elected a year ago-G. L. tions are co-operating in the sale and commended because he found audit of the township. This audit Clark John J. Draney and Gaston of tickets. The Teaneck Welfare it possible to make an arrange­ not only showed various defects in G. L. 'vallee-still in office for two Organization, however, which is ment-at a time when banks are methods ·of accounting, but also re­ sponsoring the event, has announc­ flatly refusing to loan money. ~9 more years·, the outcome on ~eb­ vealed the fact that on December ed that any couple paying $5 for other municipalities against an~ICI­ ruary 9 gave the League a maJor­ (Continued on Page 9) 31, 1930, the township's current ac­ ity of five to four in the. board, pated or delinquent tax collectiOns count owed the trust account $553.- which will soon be orgamzed by 000. This was money that ~ad election of a president, vice-presi­ been borrowed from time to tnue dent and other officers. in preceding years, out ·of funds The election brought out the Taxpayers' League Party Success paid in by property owners on lo­ heaviest vote, by far, th~t w.as ever cal assessments, to meet the run­ polled in a school election m Tea­ ning expenses of the government. neck, 3,353 ballots being cast, with The necessity to borrow was due votes for individual candidates as Teaneck Palm Gardens was the tenants, an eight-piece orchestra to delinquency ·of property owners follows: scene on ·saturday evening, Feb­ made up entirely of local talent and in paying their taxes. Eugene Blankenhorn ...... 1,723 ruary 6, of one of the largest gath­ including several members of the In the year 1931 this debt of the Gustav E scher . 1,691 Teaneck High School band. So current account to the tru~t ac~ erings ever assembled in Teaneck many wanted to play bridge, how­ C. W. Brett ·............... 1,680 for social enjoyment, in a bridge count was reduced by approximate­ Conrad Wedel ............. 1,674 ever that it was neces.;JRry to set ly $100 000 and in the same per­ party and dance held under the up than twenty bridge tables Chris Sheffe . 1,652 auspices of THE TOWN MAN­ ~ore iod the 'tow~ship bought in $263,000 F. W. Scholz .............. 1,638 AGER. on the second floor, but this still in bonds that will mature before While the difference between the left ample space for the dancers. the end of 1934, s•aving some $17,- The attendance at the party, Refreshments consisting of cof­ average of the votes cast for the which exceeded 400, was thorough­ 000 in interest charges. The new League candidates and those cast fee and cake, were served to the arrangement that has been nego­ ly representative of the best of players at their tables, and a prize, for their opponents was close, the Teaneck's social life. The party tiated by Mr. Volck~r will. ~ake outcome proved that a clear ma­ consisting of a bridge set of cards, it possible to buy m ad~Itlonal was informal, and was marked was furnished for the top-score jority of voters throughout Tea­ from beginning to end by a spirit bonds, and pay for them ~Ith t~x ueck favor the platform and pro­ of neighborly friendliness, ever;r· player at each table. revenue notes, thus red_!lcmg still gram of school affairs announced body having a good time. While the affair was conducted further the debt of the current by the League. This is unques­ There were no set speeches, and bv THE T 0 W N MANAG~R, account to the trust account. tionable, in view of the fact that no interruption of the merry-mak­ known to everyone as the official Financially speaking, Teane~k \he opposing can ::li_d ~ tes had all ing except to introduce Messrs. organ of Teaneck Taxpayers' has a very high hurdle to vault Jn had years of expenence as mem­ Blankenhorn, Escher and Wedel as League, it was noted that a large the years now close upon it. B?~ds bers of the board, and were the~e­ the candidates of Teaneck Taxpay­ percentage of those who attended amounting to $806,000 were ongm­ fore fully familiar with all deta1ls ers' League for the Board of E~lu­ were residents of Teaneck who ally written to mature in 1933 and of Teaneck's school system. cation and to conduct a drawmg have never been identified with the $1,609,000 in _1934. Part of these At a meeting of the Lea..,.ue af.. for p;izes contributed by advertis­ League in any way, including quit~ have been retned through the pur­ ter the election Mr. Wedel ex­ ers. a number known as opponents or chase of $263,000 in bonds in the pressed his appreciation of the It had been intended to confine the League when it was conducting lasot year. How much more can be honor conferred in the League's the bridge pl:'ying to the grouncl its campaign for a refe_r~ndum on retired as the result of the agree­ nomination, and said he hrd no floor and reserve the second floor the adoption of the mumcipal ma:r;t­ ment that Mr. Volcker has been fault to find with the work of the for dancing, to the excel~en~ m':'sic ager plan of government. This able to make with the Palisades (Continued on Page 24) furnished by Rudy Mannmg s Lieu- (Continued on Page 10) (Continued on Page 2) TEANECK PUNBEL~ ;:SEY TEANECK, 2 THE TOWN MANAGER FINANCIAL "CLOUDS" count, will profit by any percent­ steps are already under way. false assets that have been car­ age below 97¥2 of par value at At the request of the Teaneck ried for years in the balance BRIGHTEN AS PROBLEM which the bonds may be acquired administration, Senator Ely has sheets. Part of this, for example, FOR 1934 CLEAR UP by the bank. In no case will the introduced at Trenton a bill that was attended to at the council township pay more than par for aims to relieve the situation for meeting of February 16, when var­ (Continued) the bonds. Teaneck and other municipalities ious items of assessment and taxes Trust Company in Englewood re­ Just what balance will remain that are facing similar problems. known to be uncollectible, and mains to be seen. That will depend of the debt of the current account If this bill, which is receiving amounting to about $500, were can­ upon li.ow many holders of the to the trust account will not be strong endorsement from all parts celled by council resolution. bonds can be found who are will­ exactly known until the state audi­ of the state, is enacted into law, it In a recent statement to the ing to sell on terms that are ad­ tors have made the auqit of 1931, will not be necessary for Teaneck press regarding the townsliip's fi­ vantageous to the township.
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