New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-01-08

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qIe he hsd any further communication 70 make to tie
Board Carried the Presiden, appointing AID MULLiss
and HEEBIEG If Inc 9th
AID WsBs Of tho Sixteenth moved f0f similar Commit
q. 20 wall upon the Board Of Asssenis Carried 'he
Char appointing Aldermen WEss and MoEeAs If tie 4
teenih
TIE Coamiees Immediately returned and reported nj q
no communications would be made and hs the Assistant.
ready - adjourn
Amyto was then made that the Board Of Assistant Al.
dsraou dourn sHe de Carried aud he Prs-lden de-
clsred Tire Board dissolved
4, minute. ps.t IL the members Of The Bos-d sp
pesred followed by Inc Ms who took the Chair and d
coed te Clerk call he Of the members who took
the oath SIX al time do s0ennly swear that will
support the Constitution Of The United States the Constu
ton Of the State Of New York and thai will faithfully dis
charge the duties Of Alderman Of the teach naming s own
Ward"
The Mayor remarked tina, the Assessors and Con-,sb IS
Of the several Wards would be IN b. Once and ef
thu room for that purpose
Ala BsirToN moved hsi Aid MLLsR Of the Eleventh
be- and he unanimously chosen President pro TEN
II moved by Alderman BARD that the Board proceed
10 cleo, President TOT tho term Carried.
AID WOOD Of the Third nominated AID MoReAs Mon
GASs Of the Seventh. AID OAKLEY nominated Aid Cook
Of the Thirteenth
Upon counting the ballots appeared that ii votes were
for AID MoRGsss, for AID COOK, and blank. where
upon Aid MoRcss MoEGAss Of the It'll was declared
duly elected pesde the Board Of Aldermen for the
ensuing wears
II moved that he President pro tenn appoint Com
nluoe Of conduct the President elect to the Chair.
All BRIrToS OF the 18Th, and OAKLEY of the 4h, were
named. nd Introduced Aid MoRGsSs to las seat On a.
Stunning which he delivered the follow ing address
GESTiLmEN Grateful 10 you for the honor YOU have
conferred upon me, by electng mo TO preside over
deliberations
usaks ! cannot promise 70 bring into this char
great skill or experience in The management OF rs
affairs for the first time that have been selected 10
preside such body But do promise TO bring into
inpart,ily and 10 The best of nv humble sbilnes shall
doubtless during tho commit enors, for u cannot be
"ber,,iso In one who has had bat lte experience IN
such duties and shall therefore be compelled to ask your
kind dulgence and forbearance for car assure YOU
when do commit them hey VIII be purely errors OF yuog
forgive them Iou viii of course adopt rules for the gov
eminent OF the Board and will become my duty as your
presiding Officer enforce thsm and depend upon H. gen
temen, will enforce them and that risdly And here,
gentlemen, allow me to call your attention 10 an ev ma ess
grown 10 be OF magnitude and which IN my judgment
reaures 70 be rcmeded that H. the interference winch
mcbers while in their seats during the session by persons
who hav. an interest the defeat OF some nes
hat the Committee TO Rules will report some rule
which may be adopted that will prevent This Tor NE uure
|, often hapreps under the present rules that this neFie
renee ANNOYING that members have been caed upon 10
vote upon import questions whou, properly understand
ing the matter And here gentlemen, allow me IN conclu
sion again thank you for the kndness ana psruay YOU
hav toward Will IN return Tor tlls
kindness conduct self give you no cause for
regret for the choice you have made
/; was moved that a Committee OF two wall upon the
MAYOR and inform him of the organization OF the Board
Carried Aldermen Cook and Hlws were appointed
Moved and unanimously carried that DAVID 7 NALES.
TINE be appointed Clerk Of the Common Council JAooF
HAYS sergeantatAms OF the Board Deputy Clerk, SAM
III I BrEXMAS; Assistant Clerks, JAMES NJ WILSON
and JOHN IL CHAMBERS; Messenger AMOS JOKES.
The rules Of the lss Board adopted until altered
AID. FRANKLIN and KELLY cent TO the Board OF 40
.s,aus inform them thai this Board s ready for business
The Committee TO wal, upon The Msyor reported that hs
would communicate with the Board soon
petition for Ferry from foot NJ Cherry-s 10
sou,h.seyenth at Wilamsburgh presented and laid
he table.
Aid. MnLtR Of the Eleventh offered resolution thai
printed notices stating the powers and duties Of The Ten
Governors be printed thai The outdoor poor may be in
formed that s useless apply heretofore TO the Alder
men and Assistants relief they by the law
poweress IN the matter Adopted
The PRESIDENT announced the following communication
from the Mayor which was rad.
MNoR's OtucT. January :, 1854
To ns Honorable re Comnon CoVnel Of ne CITY ef y.
GKNTLENEN In conformity with provision OF the
Charter. herewith submit a General Statement
Of the situation aud condition Of the City IN relation
to It's Government Finances and Improvements.
4 view Of the financial condition Of the City vii
sppear from the following bret statement brought
up 10 the 3lst day Of Dec 1919
The total aggregate Of City debt, from stocks IS
sued end redeemable from the Sinking Fund, was
on that day hteen millions three hundred aud FIFTY
SIX thousand seven hundred aud eighty three dol
lars tslS3Se.7sS) OF this amount three millions
one hundred and ninety nine thousand and fifteen
dollars. ls5,l99,olSl are held by the Commissioners
OF the Sinking Fund, leaving the net debt OF the
City redeemabe from the Sinking Fund. twelve
millions one hundred and fifty seven thousand seven
hundred and sixtv-cicht dollars. tsl2lS7.76s.l Add
10 this three hundred snd sixty ve thousand dollars
OF debt redeemshe from taxation, and We have the
total net debt ct the City at twelve millions hve
hundred and twenty two thousand seven hundred
and sixty-eieht dollars sl2.522,76s) on the Slst
dsv OF December. ls49.
The whole amount OF stocks issued Tor the con
styucton of the Croton w ster works has been thIr
teen millions eight hundred and thlrty-seve thou.
sand dollars sl3 sj7 900 Ii thus appears that the
entire amoan, OF our city deh' has been IN reality
incurred Tor the construction Of that stuPendous
work which supplies the city with water. and that
OF the total amour; Of debt created for tins purpose
one million SIX hundred and seventy nine thou
sand two hundred aud thirty ~ dollars slo'9, ~
has IA TACT been already paid. VIII aud that
the revenues Of the City low pledged to the re
denphon OF the principal and interest OF the Clt!
debt viii exiting the whole OF the present amount
IN less than thirty FIVE years.
The taxing of the personal property Of non-Tesi
dents is q subject that demands your earnest and
immediate attention. A large amount OF property
estimated at several millions, annually escapes tax
alton because the owners reside without the City
I, seems sinsulsrly UNJUST onward citizens.
and detrimental TO the prosperity OF our Ciiy hat
~ <n1s ms n
noanIv, should Dc taxed while that o; the non
resident should be exempt, though equally pro
,ected and benefited BY the laws Of oar municipal
and State Governments. The present law operates
as reward to encourage business. men to reside
withoa. the limits OF the counry | therefore re-
commend that immediate measures be taken TO
procure the passage OF lsw. by the Legislature
authorizing the taxation OF the personal property
of nop-residents.
lin addition to this sl the real and psrsonsi pro,
perry Of the City were assessed at Its uii mAfke'
value and not. as is generally the case, al rste