New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-09-22

TIC me Common C0nRca: -,o
The twenteth s.c-on of the Charter ci 1880 pEo-
vides IS follows
src N "It,h b. ihs da,y OF tie Common Council -
- -, ,5.ss bel,-e 10 aSasAl election Of charter o
scr. In eseh yesT the general inormaon o. me e-eh
N he Coronation durns he eud NJ on me
80, Ssy OF the month IN whih sad publication sai 500
.r5 tb .gi received from esch; the seVers s'up'ss
rrsde bv the CodBei the Objects oI snen tns
sb borrowed on credit Corporation the an
ihority which efch osn ~as msde ana a-
' Te'is a. same = ''''
Tbi. report i. intended embrace the financial ope-
raiions OF the City Government Tor twsiVe months
commencing ON The lst day of July, 1913 ara extend
inc 70 the 1t Of JAY 1854. thus covering SIX months
ofthe year 1853 and the same number OF months OF
1884.
The Information required By. the preceding sscuon
10 be published "tS0 months before the annual cleo
ton OF charter officers in each year for the general
Information of the citizens Of New-iork, may be
classed unGer the following heads VIZ;
T. The different Of Gay revenue and The aHosnt r.
The .syeis, appropriation. made BY me 'omron
: :, Tie Of, to for virh zoe same wen inside
" The smount o. money eHP-nded unde. eacH . %
tn nor e,s borrowed the credit Of ihe Corcora or
The ,uhoy uri-r ~hish each loan was made 'nd t'
terms On which the sane Ys. OBJ nnea ... L, -,
state NJ No. :. anreNsd 70 chs report, SHOWS tns
amount of revenue received ny the Commissioners 81
tie sinking Fund fur the payment OF the City debt
the sources from which il derived, aud the app-
cation OF the same.
p s ,:; n, YEA, :p g. i5i. i6css ~
Tot...................... .......+l,H8s- 20
Of hi. amount there invested a. toIlow.;
In Revenue 3 sads ;.....,;..::;;.. s'ooo o.
pad on account Of adv risir and othe- -, .,..
e2pcEses 10y '1,'1ty :,
c..b,s..res IN hand JAY :. Ia5i........ $3.50 II
Statement No. > show the receipts and expenditures
for The wear enopg the J0th of june, lsJi, on az
count OF the sinking Fund for the payment OF interest
Oh the City debt.
Tn r,eip doriD the rear lave SesH %, 2. -, ,S SS VIZ
ArreaIs Of Croton Ws,eT Renis....... $500 b
Rene Of Rsa E't'e.'.'.-'....''' ~ ~; -; 90
s,sssment No. 5..,....... i7;85i OIL ,5ls99 81
j777W -
To .al9 Ped ior a, ,oL tie year l'Ti a.; -a 90
Amount returned 20 Treasury credit n
SC ee 'tatemFt s6oys)... sol5) 79-lo97u9 70
Cash balance in band July l. 1857. u
Add investment In Revenue Bonds.-..... 20 900 10
Actual balance Jul, /. .s63os2o u
Statement No shows the amount of the permanent
Civ debt on the 1t Of July, 1854, and also the
amount of stocks and other securities held by the
Commissioners of the Sinking Fund for the payment
Of this debt.
The iot Il amount Of the debt s............ gog -
The Commissioners hsve purchased
from time 10 time, and now mold as
investment. portion OF The iden-
teal sock which forms par' ofthe ~
They 40 fg hold Id bond. aai mortgage.
ard other securiiies. equal to..... H2Sl- 5'@06l :"
Debt unrroyiied OBSERVATION-DISCLOSURES. b8743 0l %
Although no part OF the principal OF the permanent
debt has been paid sff during the year ending LEI
July s53 yet the funds for Its redemption have been
increased s577 5l2 -, ard the principal portion Of
this increase has been invested in the bonds cOnsu
trg the deb, rs shown in schedule No. T.
Statement No. :, shows the amount of debt created
for the erection OF public buildings, the construction
OF docks end slips, &c The several laws authorizing
this debt TO be created, make provision for its re-
imbursement by annual taxes, generally nifty thousand
dollars in each year. The present amount of this
debt il 81, 0j40OO. Last year the toa was given at
s9J5 OCO There has been paid account OF this
debt during the year from the avas of taxation fifty
Thousand dollars. Feb l. 1854 3ount OF ouilding
stock No. }, aud Nov. l. 1853, the Of s. 900,
being The lat pay ment for Tie construction OF tue
iron milling arund WashiDgton-square.
During the same perlod the deb, payable from taxa
ton shown in schedule No. has been increased
1854 600 provided chapter JOl OF the laws OF 1853,
requiring that to be borrowed To payup the mort
cages on the school houses of the Public School So
ciery ofthe City of Newly otk. The corporate prop
erty OF that society vautd AZ s6OJ ri CO. has been
surrendered to the Mayor, Aldermen and COmmOnalty
within the year for which this reprt is made The
partit ulars respecting this transaction detailed in
The annual report from this department dated January
80 1854 pages Is 20 - and reference to that report
renders a repetition In this unnecessary. At the time
of the surrender there liens portion of the
real estate amounting $50 500. The interest gen
orally on these mortgages was ak percent but there
was one of go, 900 which the interest per
cent. The law authorized loan at per cent. in J
order TO clear the property from membranes, to be
reimbursed in twenty years by annual taxes. The
amount of the loan il sljf 900. The annual interest
$500 and there is required 10 be raised annually
1857 SO 20 establish sinking fund TO reimburse the
prir cipal in twenty years The total sum added al
nually 10 the taxes will be sl2, 357 30. There
considerable accumulation OF interest the mort.
cages before the loan was effected and this WA paid
from the treasury as authorized by the law, with the
exception OF $50, being the interest for year
lien OF sscO, part Of the purchase money of lot in
Forty seventh-st This sum wss paid out of a check |
of siol 80, handed over by the Public School Society
as balance of cash hand, payable 10 the order OF
the Mayor which he endorsed aud placed in the hands
of the Controller. The balance of this check 1915 80
paid into the City Treasury, and TO that extent
mortgages from the CRY Treasury, and to be REIN
bursed by taxation.
After ceducing the above sum of s345 80, the sum
necessary 10 reimburse the treasury for ts adv
on account arrearages of interest is 80 434 49, which
sum was put in the tax levy of s54 for this purpose
Statement No. shows the whole amount of sppro-
priat0ns for the calendar years Of 1853 and 1854;
also the expenditures for six months of the year 1853
from July TO December 81, and six months Of the
year l-5i, from January TO July also in the last
column the total sums expended under the various
beads for the IL months preceding July l, 1854. The
total sum expended Tor the Il months is s., 7Od,-
j93 e. To w.t.
In siH months Of lG5s.............r r $50 s7 80
10 slA months OF lsoi...... 2lko5 sb-t3I0o % 90
The following is comparison of some OF the promi-
nent items of expenditure az shown in the report
made in September 1853, and in the - months en-
braced in the present report, viz:
1859. 1854. /
Aims Bo
CT aning j32 81 5le go
Lamps and G1s........................ k9jifj
Police. 63 30 1881
Printing .............................. 7f78 777o5 /
Re pairs snd supplies ................. T.5ai 1885 /
Street Expenses department Vi