The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-10-11
The Business Prospects or Sacramento CITY,,
[From the Sacramento Union, Sept 81

The Bu9lneo0 prospects OF S8CE0m0UeO city,
From the Sacramento Union, Sept 81
Notwithstanding the effort that has been recent
ly made to disparage the present condition Of So
cramento city and the existing authorities, yet
hbit, as city, better state Of things than We
are now realizing.
In exceedingly important department Of city
organization are we able to shew an improve ment
Of affairs worthy of the faithful and efficient officers
by whom our charter laws are made and executed
We mean those matters that pertain to the 6nauces
OF 4ecuniary obligations under which we are iving-t
When our present Mayor and City Council enter
ed upon the duties of their Offices they found tho
city owing 1915 900 OF this amount $4,000 was
cancelled by the delinquent tax list, and it was
estimated that $40 OOO had been lost or destroyed.
Ihis ieftthe Cooperation sum of $500, 900 to pay
OF with an aceruing interest that no wealth within
the reach OF this city could possibly meet, an nte-
rest which in twenty years hence will be too insre-
dible to be told, without suspicion of mistake or
falsehood, unless the history be adduced a.
proof. The interest upon the amount stated was
ct the annual rate of $l65 ,0C0.
The consequences Of such debt were too obvious
to our efficient authorities, and they Immediately
set themselves to work to place the city in posi-
ton in which there could be enjoyed decent pro-
liability at least of paying the interest regularly,
and ultimately eancelling the whole debt.
To accomplish the object they had in view, they
proposed the funding Of the entire debt, and by the
influence awarded their Judgment, the people hold.
ing claims against the city have nobly responded
to their proposition, and there are already funded
$2S0,OOO. The interest upon the entire debt p
the rate expressed upon the new Donus WOuA0
amount annually to about SS3, GOO.
The revenue Of the city for the year ending lst
April rext, will be-
On real and personal property. ..... $9o ,00e
Harbor dues. .-................. OO,uo0
License tax, three. quarters. ............. 1900
Recorders Court ..................,.... io,eo0
Sum total. .s2o5. 900
Amount appropriated for meeting the cur
rent expenses of the city for the year. $lOO, 900
Amount app ropriated to payment Of the
interest upon the city debt. ......... 3S,OOO
Total expenses. :. $3.50
This amount substracted from the annual reve-
nue., leaves balance of $72 600 to be appropriated
to paying Oft the principal of the funded debt Nov
when We com pare the present state ef things with
that which prevailed whom the present Council
came into authority; when We look at the enormous
and runous annual interest Q6o,OOO) which this
Council has reduced TO the payable Of $33 900,
fully prepared to treat with contempt any
effort to disparage our city or its officers.
The present sanitary condition, cleanliness and
FEASIBILITY OF our streets and alleys, exhibit SUI
periority over the condition Of things last year,
that ought in itselfto the auth critics from
imputations which have not shadow Of truth about
them.
An exceedingly mportan. projec, has been started
in the Council, in connection with supplying the
city with water from the American river, which
can be understood by the following info rmation
furnished US by the Clerk Of the Council, MY.
Curtis -
cat the last meeting Of the Common Council, .
resolution was adopted, requesting Alderman Mar
tin, who is now on his way to New York, to
ascertain in that city what the most favorable
terms upon which the necessary materials for bring
ing water into this city could be obtained-to get
the plans and statistics CT the Croton, Cochituate,
Id Paramount Water Works, &C., for tho benefit
e Sacrament -and to transmit the same to the
Council at the earliest practicable period, in order
that the enterprise might be Immediately entered
into The Mayor will communicate his views IN
respect TO this matter to the Council, at the next
meeting Of that body, upon which occasion the con-
jecurea expenses Of the enterprise the importanoo
Of il TO the city, and the facility with which On
be effected, will be duly set forth"
thus il will be seen that the city OF Sacramento
is curying better and more ncOuraging pssi-
tion than did before since it Incorporated
as such, and that our present auth critics
worthy Of infinite pra 80 and credit for the sound
and sagacious manner in which they have discharged
their duties to the public. With such charter
government, and the inexhaustbie mineral, agn-
cultural, and commercial resources OF our city.
there is nothing before US but brilliant and health
full destiny.
IL will not be many years until the immense area
Of nllsble land around our city, and between tho
ways and telegraphic wires, until such popular
ton bas been connected together and related to Sa
crsmepto City rs shall make IL the largest inland
commercial city in the Union.
Such are the natural relations Of place through
the naygability Of the Sacramento river, its posi
ton ia the immense valley through which this
river runs, aud such are the works Of art already
achieves by our city, protection against inus-
cations, that il be scarcely possible that any
other destiny could be developed in the future his
tory Of our town.