New-York tribune., 1841-05-15
- R.sovRcEs I'D AssETS.

T-TN Er-Iit- l.f- AND ASSE-iS
i orr ID, article estimate: ls IFooAoe az CO. "
c,.y debt; yer the Cgutoa .quedaet ~'aii ;li' '
ted :. at.i. eighteen .aiilioa- Q: dollars re
which AZ per cent yearly. Nj: o. ng one H.i'0' O "e
l,r Now le = iare ms assets and resources @ ~
civ which .he Comptroller represents a aolod@ht
:r me sal lcf and ;hen judge whether ~ CO.
N FAC, secured and whether large pFe?orts' q '; '
,.selv :. "a, hereafter 70 be a'ie': 10 - a.
~e--ed ;aNe-.
In. Comptroller. N M ast re?or:. s'a'es the amount o;
u, ,rer. o., he sinking ind. pledged 10 nc redemption
a. IL. public debt 20 70 iae 'i.oHS o; d'..a''
make - IT, sn includes ihe s;7cS a!Feaiy Fs6ee'
* the 632o 600 Ihe a*s loal- >
;es soe5 o00 Other evenue--he don Say "Ili 'ee''
h. ;.v.ed .3ea collection. 100000. AID ie Pre-
en, worth nj certain = be hereafter imposed a'-
CERTAIN. stocks arr rad 10000. Cleary none OF me-
re. an, assets available pay the ety de7' ne a+i
,o1 o redeemed stock that c-tent reduction OF TIE
city !eb. or rather ot hat world have ocea = Ia;
amour: o; stock had been redeemed B1i surely us
dos no. finnish any additional for ; payment Of the
,-,. existing or auv future deb; s. OF the ne Loan -
cu.ie v are oay security the payment OF the dent OF
.36o Gao .ct the city ma paid that and arc o;
M , 70 anv greater extent; The ;90005o OF re,esue 70
be nv,ste, anon collection do pretend % understand
So ao u me il.i KEN, he present worth OF taxes % be
hereafter IMPOSED Tie right pay the c
c, or any portion o; l. undoab;eds eNit. but il j absurd
70 en..aerae ti power among the actual funds Plesed 20
secure ,uch payment.
T real estate belonging IL Corporation no used og
Iur no- the only Iespgrce i'iad from "' t.c
nHi !ef can be diminished Aad this, insudns all t.aai
: ledg.d 20 the sinking fund aud all tina, belongs inc
General fund with the bond- and mortgages du' upon Prev
ON. l amour; 70 les ,a. i've and halrl.ons, accord
na 10 the Conp;ro.e., estimate value. The real
estate l.ed for public purposes and the public buildings
Owned v tie Corporation. also estimated by HIN a; abo-;
nm, millions. exclusive OF ie Crotou Aqucduc |; rot 70
m ,o,cd tia; any par; t property to be diverted
ro- IL present .e- OF be old pay the CIT: debt
TIN. ur therefore, five and half millions. ! all that avail
able xcep, direct taxation pay the principal or interest
Of the CITY debt; the cy property thus estimated vera
now brought 10 the hammer and sold or cash wosd not
nrolaby ,e;ch more than one halt OF that Inc Comp
,rolcr admits tim; The productive portion the pie- aud
docks do nos uov Weld o much more than ;hee per
es, UPON his estimate Indeed e whole amount received
for rent of city property o all descriptions falls short OF tr
n,ere.; on thrc. millions OF dollars At IN per cont AID
,beo ! good reason believe. that sale OF I'll tn real e.
tat, belonging to the city and above what i used Tor
public PURPOSES would be sufficient pay OF the perTa-
e, and floating deb, of tho city dePendcn; Of the Cro;oa
Aqucdnct.
What piece Of han5ug and deception" i it, then for the
Comptroller to represent tina; this city possesses means and
resource. sufficient pay Of the principal ad interest Oft
p-bic debt even after tho Croton Aqueduct Is completed
vithou, resort to direct taxation There Is escape from
IT. and no possibility q; avoiding it And whether this ney-
table increase Is be added already oppressive bur
ens must depend eare! upon the acton of tie com'"'H
Council hereafter If intended pay The interest
on the present debt wi,o increased taxation there must
be prompt and immediate reduction in the Ordinary
p,nse> We VIII next suggest Of the ways in which
,at may te done with advantage.