The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-01-09

to <55, sl9 These lands, under the &c,
Of 1900, pro'dding for the sale Of lands for unsld
taxes IN uie counties where they were assessed, |
must be sold by the county treasurers the INST
TUESDAY Of December, 1852, when the amount
due on them will be restored TO the treasury.
AT the tax sale of ls4S, the COMPTROLLER reserved
from sale certain lands on the Buffalo, Cattaraugus
and Allegany reservations, by reason OF legal pro-
ceedings commenced by pre-emptlon owners to
contest the validity Of the tax. The amount due
the treasury for advances the lands thus re-
served, which must be realized either from sale
Of the lands, or a call upon the countless is COM
puted at $9l 900. The Comptroller had hoped for
an early decision of this important question. But
the hearing has been delayed. and the case is still
pending before the Supreme Court. The Attorney
General is making praise worthy effort to expedite
the proceedings, and decision will doubtless be
obtained before advertising for the tax sale of 1852
AZ the sale OF iS4o, the Comptroller, for want of
bidders, bought in for the State certain lands, at
the amount OF the taxes thereon, being $30025 "a.
There remains unredesmed $26 900 7S, besides in
terest and IL is assumed that 81, 900 will be reak
lied from the redemption or re sale Of these lands
In the last annual report from this Office, the
Comptroller called the attention Of the Legislature
to the accounts between the State treasury and
the city of New York. The books of this depart
meRt exhibited a balance against the city treasury
of $ll3 TIC 81 consisting chiefly ofceEtaiu taxes on
mutual insur ance companies returned to the Conn
troller bv the Chambe of the city in the years
lS45, 1876 1877 and 1913. and this balance was in
CIcascQ $loEoOI ny SttHtldf TcLuTuS Oh taxes
for the year lS49. Doubts were entertained as to
the legal liability OF mutual insurance companies
to taxation on their accumulated funds, aud for
this reason my predecessors refused to credit these
returns.
The last Legislature. (chap. lS6, Laws of 1861
provided for equitable settlement of the accounts
between the State Treasury and the city and coun-
ty OF New York A proceeding was then pending
between the sun Mutual Insurance Company and
the city corporation, involving the validity OF the
tax, and decision had been given by a single
Judge adverse 10 the city. The case was subse-
quenty carried before the Supreme Court, and fully
argued al the last nj ay term, when the previous
decision was reversed, and the legal liability of
this class at corporations to taxation on their in
vestments Of capital was affirmed by the court
Regarding this judicial decision as Of binding au-
ihorty, the Comptroller has deemed il his duty TO
admit the returns and place the amounts TO the
credit OF the city treasury in pursuance of section
20, title 4, chapter IL, part l, Revised Statutes.
A final and satisfactory settlement has been effect
ed with the Comptroller and Chamberlain of the
city since the close of the fiscal year. Certain
returns conceived 10 be irregular and unauthorized,
and amounting 10 S26,070 81, were rejected by the
Comptroller, and that amount has been paid into
the State treasury by the city Chamberlain. The
returns admitted by the Comptroller have been
placed in the hands OF the Attorney General, who
will proceed 10 recover the taxes in the manner
prescribed by law. unless such proceedings should
be rendered unnece ssary by voluntary payments
The balance due on these returns is sl06,23 30.
Several OF the corporations have failed since the
imposition of the tax, but majority of them are
represented prosperous, and il IS estimated that
al least 500, 900 will be realized.
The Comptroller is of opinion that, in addition to
the current or accrulng revenues anticipated in the
regular estimates, the General Fund will realize
from the resources and balances above referred to-
in the year, 1851 and lS52 al least $3.50 600, and
probably over 300 900.
Ifihe Legislature should deem it expediept to
make appropriations for new objects of utility and
benehcence, the time and amount Of such expendi.
trreS should be adjusted with n fhesa
anticipated means, not TO trench upon the cur
rent revenues required for the ordinary support of
government.
For detailed exhibit Of the receipts and paw
ments on account of the general fund, and the
other funds during the last year. reference is made
@ H. statements hereto annexed, marked A
nd + n ,
STATE OF TIE IREA r
Balance 10 the treasury on the G.
S0th se ptember, 1919. 80. Sa7l,725
Amount received into the trea-
sury on account Of all the
funds, except the canal
Fund) during the year end
ing on the 30th Of September rSH
1850, (see statement A 1885 354 so pcA
Amount of warrants drawn on
the treasury on account ofau
the funds, Except the Canal
FUND during the year ending
on the 30th September, 1850
lace statement b )........ 2,ass275 %
mount Of warrants drawn On
the treasury remaining I'M
paid on the both September
isss. northumberland. I4s 70
2ass,42a 90
Less amount OF VAR nts drawn
on the treasury remaining
unpaid on the c0th septem-
Der, 1850. III OIL
- 24es,l47 so
Balance In the treasury on the 3oth Sep
TENDER, 1850. S5es, 932 rs
Statement Of balance due from aud 70 The Treosv on he
3ofh September, 1850.
ro the gchooI Fund
Capital. .Sl52,179 SO
Revenue. ....... 1882 OF
s2ss7os %
TO the Literature Fund
Capital. ...... So o68 70
Revenue. H07e 81
l7l42 81
70 the U 3. Deposit FUND.-
Capital. l5'2S3 VI
70 the Bank Fund. lo494 20
70 the Mariners I'd. lA,x2s 70
70 the Railroad Sink
ing Funds -
Auburn and Ro-
chester. ......Sl,145 IS
Tonawapda. 6I03 81
Long Island. ...., 4lbe a.
Tioga Coal, Sc....t I'll 10
70 the General Fund Revenue. 5462l 70
- ss7sses 30
rom the General Fund Debt