New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-02-17
C0MpTROILER'S ANNUAL REPORT


Of the REVENUES and EXPENDlT URgs
y che Cry oF NEw-yoRE, fer abe par ls3i |,
iHcIHdIng an Aocg,Ht Of the Receipts cal I.s..,.
Dsnts Of the Commissioners ofths Slaki,g Fg,J
during the SON, period
IN COMMON COUNCIL. -
MoSoAY, Feb. &c. Ma
The Annual Report Of the Cont,oae,
of the Receipts and Expenditures Of the year
December 81, 1851, was received laid on ,hs -
and ordered to be printed, under tae direction II ~
Controiiel' ID. I. FALEsrN1
Ci,rk Of sas CoDsmss cs4sa
ANNUAL REPORT.
FrSAScs DEPARTMENT,
CONTROLLERS OFFICE, Clrr OF NEW. YoHxf
MONDAY, Feb 10, 1884,
To ts Honorable, he Common Council
GENTLEMEN la accordance with tAs
Charter OF the City of New.Nork and the ordlasses
organizing the Municipal Departments OF the saSs
herew submit The Annual Statement 81 tas r.
ceipss and Expenditures 81 the Corporaioa % "a
City for the year ending December 81 ISL! and -
condition OF It's iuDcs AZ The ciose OF said year
II may lot be improper here TO state, that Aers
are al present two pnncipal funds OF aseonna.
opened in this Department attn the Chanbef,sn ~
the City, viz Treasury" and sinking funds
The account known as " Interest on rlrs Leen
has been closed, IN Consequence OF the redexuncp
OF the Fire Loan Stock, and the balance remz;nlns
{
The Treasury account IN cludes all Moneys pad
into the Treasury, and drawn out on war; Il he
Controller, whether raised by tax oolaned "a ioazs
or collected as assessments, and paid 10 con,,acton
The Sinking Fund vas es a0lshed 10 pf1stse for
the redemption OF the City Dsos as IL hecSss doe,
and is under the control of the Mayor, kecegteg
Controller, City Treasurer, the Chairman Of The n.
nance Committee OF the Board OF Alderaep, andsAe
Chairman of the Flnsnce Committee az ibs bcert
OF Assistant Aldermen. who constitute - the Cen
missioners OF the sl1AiDe Fund OF the Cay {" New
York; -
All moneys deposited With the Chamberlain Or
account OF this iund are placed 10 the credit Of
the Commissioners ai the sinking FUSe,''o on ne
books OF the bank. moDols are drawn ip0 this
fund by warrants or chtcAs on the Cashier OF The
Bank, signed by az itasl TOUR OF the said ionnis-
sionefs.
The Sinking Fund is divited, on the books Of M,
Department.. INTO two accounts, Niz "tas sinking
Fund for the Redemption OF tne City Deotn and.shs
Sinking Fund for the ynent o; interest or he City
Debt" 5af
All moneys received from the following soarcss.
are by law appropriated 20 the sinking FGatfe he
Redemption OF the City Debt, VIZ iog tbs eomnu.
taon OF quit rents ON giants The rents aSsny from
water giants, heretofore issued the net proceeds
OF all sales OF real estate belonging 10 SIC orp~a-
ticn, when sold the et piCceets OF all botds and
mortgages PAYABLE to the Corporation. wheA col
lscted; for Licenses 10 pavDbioheis aud ucAleIs In
the purchase or sac OF second hand fuSnuafe. Dst
ais or clothes for hacs ney coach censes a1d street.
vaults for exclusive occupation OF private vha1tes
basins and piers for market fees aud NAH - rent
the proceeds OF all bonds and mortgages which nay
have or shall becOne the property OF the CoIpoton,
in pursuance OF the ordnance creating she Fue
Loan Stock ofthe CIV of New-York !" TIE builiings
included in the es'ab i>hmtn mt called tie Alms Hse,
at Bellevue, together with toe los OF laAd a. daf
rights attached thereto, when sold.
The moneys thus received are applied q the ~
denp,iop OF the stock Ut City, from ne TO Tine
as It becomes due. All balances and accommodations
notreQui ed for the above purpose mYes ed under
the direction OF the Commissioners, and ths tntsfea
..l ia est ma a
il is believed Will DO fould fully adequate Ter tAe
redemption OF all stocks payable thereirom ~ they
mature thus relieving the City from the necessity Of
recourse to taxation for the redemption of any roz
tion Of said stocks. tf
All moneys received from the following s0arcss
are by law appropriated to "the Sinking Fund for
the payment Of interest on the City Debt tiz: Tor
interest on all bonds and mortgages owned blythe
Corporation for May0rality fees for fines and pen
allies for fees aud tines collected by the CLERKS Of
Courts, Tor the Corporation Tor tavern ana excise
licenses for sales OF sl property OF the poration,
other than real estate for Croton water rents and
all ether rents.
The moneys thus received are applied for NE pay
meDt Of the interest the stocks OF the Cry Inc
deficiency If any, is supplied BY taxation The re-,
ceDts TO this fund are annually increasing, Psrcu,
larry those derived from Groom water rents, and wiz
be found sufficient to pay the whole amonn. 81 inter-
est on the debt OF the cuy. irr Il
CITY DEBr REDEEMABLE FROM THE slSxIN5
FUND.
The total debt nom stocks issued, and redeema
bic from the Sinking Fund. amounted, January I,
1882, to $l4,5Ts 90S Tine assets held BY the Conns
sioners 10 be applied 10 ward lis redemption, incud-
ing cash in bank, amounted. to January !, 1852,
- 052O60 6l Leaving The net debt, January j. 1888,
$IOs26s ss 49,
There have been issued. during the year sndins
December 81 1851, $3.50 900, CToton Water Stocks Of
1880, and SO 595 Fire Indemnity Stock, payable IN
1865.
There have been redeemed during the sane peri.
cd, $5O0,000 Fire Lean SOCK, The debt redeemable
from the Sinking Fond has been diminished, during
the year 1851, $iSf 200.
SINKING FUND FOR THE REDEMPTION OF THf
CITY DEBT.
The receipts 10 this fund including the balance IN
bank. January 1, 1851, for INC year ending DseemT
Der 81 1851, amounted to 1895, 81. lac ave-.
ments and payments during Inc same peroo, amosnE
ed to $3.50 COZ IS, LEAVING cash balance IN psaA,
January !, 1882, Of Sl5 .376 10.
The total investments Of the Sinking
Fund in the stocks and bonds OF the
City, amounted to, January l, 1852, s3,sel,s n %
Bonds and Mortgas es, ana other assets As.!S :,
Balance IN bank -----.-~-..---------- 91Np -
Total assets held by Commissioners,
January i, le52- -------------------- $iO,AWoi
The wbaIyes, and piers, and she real es1aN,o % 4
longing TO The Cooperation, esLmalen ~ "oisApf
elusive Of the Crolon Aq1educt AID Ressrorl nne |
than $4,000 COO are aso pledged for the 1eden2uon
OF the City Debt thus placing tho cfeds o. hs.s,
beyond the reach o. suspicion, and fufnlsnhy W.
most un5oubted security ior toe redemption !" "
stocks and loans as they become due.
SINKING FUND FOR THE PAYMENT OF lhThhs'f
or CITY DEBT.
The receipts to this fund, from the rev.
epues appropriated 10 II. tor the year
ending December 81, 1851, amsun!Cd "A
ps,srcs IN ham, i,r,,a,v 1881 ~ 2oieE 81
" TIL %a,sI '' - '''1 > ,sT,6i5.ss T6
r&e-s
Paid for interest on Ciiy s'ecks----.--- uo ss az
Balance, Jan. !, 1852 $50
II lie gratifying fact tina. the Sinking Fund la ~
payment of interest the City Deot bas idfhrns.
the amouEt necessary for that purpose, for tns
1901 without the transfer OF dollar from ms s
raised by taxation 70 that account.
FUNDED DEBT REDEEMABLR FROM TAxAIie'iv
This debt Amounted to Jan. |, 1851, 10 sii0w al
consists OF the following sto ks, VIZ; 5000 Da
ing Loan Stock No 2 created for the eieaIa a
Aims Ianss RaIloisss. and the constru ;.l5aoim
iron fsic to iBcJose Sluy vessntsqusre qua nrsh
able in annual instsliaysns OF s3OoO0 70 49, 4,
in RE tax OF each OF the following years, iEa
1856. both inclusive SIS coo WaEbingtOn -squAis
Iron railing Stock. cIealed for the coassiuooeh~