“The fourth act in the conspiracy was the collection of the money and its division. (Laughter.) Who collected that money? We found upon investigation that every time Garvey collected $100,000 he paid 66 per cent. to Woodward, who paid Tweed 24 per cent. of it. (Laughter.) Sometimes Woodward paid a fraction above 24 per cent. to Tweed, sometimes a fraction below, but it never reached 25 per cent. nor fell to 23 per cent. (Laughter.)
“Every time Woodward collected money he paid over 24 per cent. to Tweed. The investigations in the Broadway Bank having begun without knowledge of the specific transactions to which they would relate, extend back through the whole of the year 1870, and it appears that about the same transactions were going on in the four months of that year, and about the same division was made. Something like $200,000 or $240,000 was paid over to Tweed during those four months.
“Now I have heard it said in some of the public presses that a gentleman who had an interview with Mr. Tweed had received the explanation that Mr. Woodward owed him large sums of borrowed money, and that when, in the course of his business arrangements with the city, he received these sums of money from the city, he simply paid it over to Mr. Tweed in satisfaction of his debts. That is a very fine theory. There is only one difficulty about it, and that is, these loans are not entered on the bank account. Examine Mr. Tweed’s bank account, and there is not $1000 in it except in city transactions. His whole private business during this time when he was depositing it—checks drawn upon city warrants amounted to $3,500,000—did not amount to $3000; therefore it results inevitably that whatever is taken from that account is city money, for there was nothing but city or county money in that bank. There were no private funds there. Where his 42 per cent. went I am unable to find out. It was probably transferred to some other bank in large checks for subdivision among the parties entitled thereto; but about that we know not. Now, gentlemen, that disposes of the fourth act in the conspiracy, and the events justify me in saying that at the time the City Charter was passed I had no suspicion that the principal object in passing it was not to preserve political power, with the ordinary average benefits that usually accrue to its possessors. I had no suspicion that affairs were going on in this way. But it seems that these transactions were about one-half through; that there was about as much to be done after the new charter as had been done for sixteen months previous under the old law; and that therefore the motive and object of the new charter was not only to secure political power with its ordinary average advantages, but also to conceal the immense amounts that had been already stolen, and to secure the opportunity of stealing an immense amount that was in prospect before its passage. I say, then, that by the ordinary rules and principles of evidence, looking back to the beginning of the transactions, no man can doubt that all this series of acts were parts of one grand conspiracy, not only for power, but for personal plunder.”
We have not the space to dwell further upon the villainies from which the city has suffered, but in parting with the Ring we cannot but regret, in the forcible language of the Committee of Seventy, that, “Not an official implicated in these infamies has had the virtue to commit suicide.”
V. BROADWAY.
I. HISTORICAL.
To write the history of Broadway would require a volume, for it would be the history of New York itself. The street was laid out in the days of the Dutch, and then, as now, began at the Bowling Green. By them it was called the “Heere Straas,” or High street. They built it up as far as Wall street, but in those days only the lower end was of importance. The site of the Bowling Green was occupied by the Dutch fort and the church, and on the west side of it was the parade and the market place. Ere long several well-to-do merchants erected substantial dwellings on the same side, one of these belonging to no less a personage than the Schout-Fiscal Van Dyck. The east side of Broadway, during the rule of the Dutch, was thickly built up with dwellings of but one room, little better than hovels. Eventually, however, some of the better class mechanics came there to reside, and erected better houses. Their gardens extended down to the marsh on Broad street, and they cultivated their cabbages and onions with great success, where now the bulls and bears of the stock and gold markets rage and roar.
Under the English rule Broadway improved rapidly. Substantial dwellings clustered around the Bowling Green. The first, and by far the most elegant of these, was the edifice still known as “No. 1, Broadway,” at present used as a hotel. It was built by Archibald Kennedy, then Collector of the Port of New York, and afterwards Earl of Cassilis, in the Scotch Peerage. In the colonial times it was frequented by the highest fashion of the city, and during the Revolution was the headquarters of the British General, Sir Henry Clinton. Other noted personages afterwards resided in it. This portion of Broadway escaped the destruction caused by the great fire of 1776, and until about forty years ago preserved its ante-colonial appearance.
This fire destroyed all that part of the street that had been built above Morris street. After the Revolution it was rebuilt more substantially, and many of the most elegant residences in the city were to be found here, between Wall street and the Bowling Green. General Washington resided on the west side of Broadway, just below Trinity Church, during a portion of his Presidential term.
In 1653, the Dutch built a wall across the island at the present Wall street. One of the main gates of this wall was on Broadway, just in front of the present Trinity Church. From this gate a public road, called the “Highway,” continued up the present line of the street to the “Commons,” now the City Hall Park, where it diverged into what is now Chatham street. In 1696 Trinity Church was erected. The churchyard north of the edifice had for some time previous been used as a burying ground.
Along the east side of Broadway, from Maiden lane to a point about 117 feet north of Fulton street, was a pasture known as the “Shoemaker’s Pasture.” It covered an area of sixteen acres, and was used in common by the shoemakers of the city for the manufacture of leather, their tannery being located in a swampy section, near the junction of Maiden lane and William street. About 1720 the pasture was sold in lots, and Fulton and John streets were extended through it. That part of the tract bounded by the present Broadway, Nassau, Fulton and Ann streets, was for many years occupied by a pleasure resort, known as “Spring Garden.” The tavern occupied the site of the present Herald office. It was here, during the excitement preceding the Revolution, that the “Sons of Liberty” had their head-quarters. They purchased the building, and named it “Hampden Hall.” It was the scene of many a riot and public disturbance during those stirring times. It was occupied as a dwelling house from the close of the Revolution until 1830, when it was converted into a Museum by John Scudder. In 1840 Phineas T. Barnum became the owner of the building and Museum. After the destruction of the Museum by fire in 1864, Mr. James Gordon Bennett purchased the site, and erected upon it the magnificent office of The Herald.
Trinity Church Farm lay along the west side of Broadway, north of Fulton street. It was divided into lots in 1760, and between that time and 1765, the present St. Paul’s Church was erected on the lower end of it. The street forming the northern boundary of the churchyard was named Vesey, in honor of a former pastor of Trinity.
In 1738 a public market, 156 feet long, and 20 feet 3½ inches wide, was erected in the middle of Broadway, opposite the present Liberty, then Crown street. It remained there until 1771, when it was removed as a public nuisance.
By the opening of the present century, Broadway had extended above the present City Hall Park, which had been enclosed as a pleasure ground in 1785. It was taken up along its upper portion mainly with cottages, and buildings of a decidedly rustic character. In 1805 the street was paved in front of the Park, and in 1803 the present City Hall was begun on the site of the old Poor House. It was completed in 1812. The principal hotels, and many of the most elegant residences, were