Is history repeating itself at the local, state, and national level?
Sometimes reviewing history makes us a wee-bit more aware of the present.
Tweed and his friends also garnered huge profits from the development of the Upper East Side, especially Yorkville and Harlem. They would buy up undeveloped property, then use the resources of the city to improve the area – for instance by installing pipes to bring in water from the Croton Aqueduct – thus increasing the value of the land, after which they sold and took their profits. The focus on the east side also slowed down the development of the west side, the topography of which made it more expensive to improve. The ring also took their usual percentage of padded contracts, as well as raking off money from property taxes. Despite the corruption of Tweed and Tammany Hall, they did accomplish the development of upper Manhattan, though at the cost of tripling the city's bond debt to almost $90 million.
During the Tweed era, the proposal to build a suspension bridge between New York and Brooklyn, then an independent city, was floated by Brooklyn-boosters, who saw the ferry connections as a bottleneck to Brooklyn's further development. In order to ensure that the Brooklyn Bridge project would go forward, State Senator Henry Cruse Murphy approached Tweed to find out whether New York's aldermen would approve the proposal. Tweed's response was that $60,000 for the aldermen would close the deal, and contractor William C. Kingsley put up the cash, which was delivered in a carpet bag. Tweed and two others from Tammany also received over half the private stock of the Bridge Company, the charter of which specified that only private stockholders had voting rights, so that even though the cities of Brooklyn and Manhattan put up most of the money, they essentially had no control over the project.