New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-09-04

TO pay 70 shs nsIt bigtes' bidder 70 .hon Ia =.
tree, msy 10 sv0dsd." This provision xss ;osersS.
10 yfe.spi be b-eb ing oat Of bidders after esyirg -
H. s.,iu ace, ~ Tins prevent COLLISION betsss ~
s.fs 81 different pics b ooos by tb- omi..soo ..
fassl ~ The Low biodsrs To execute aaving IN ~
t5Sdsr n. s.ud o. the contract. The ohiec, I -
sbd " complied With would have saved u ina q
sssJ ha' dr"d thousand dollars regret to ksd b.,
ever that little re. ard has bc-b paid 10 Il RnI
bsvs been PERMITTED 10 omit taking the contr,sS
viii on, any eifIfs npoo the part VI the DE
Ia hold The sUIeti-s "a The hsbiiiy which thew IA.
,pned. In ~ ent case il was sscer'ained TIA, -
persons ected 10 busis. - had each pu, In a,
lin ste at different prices for the same WON os
each other as surrties. The award vas made . =
lowest bidder, one Of the four Re did not sp,ss,'
wac then made 10 the next lowest also ons Of A.
four who cid not Eppesri and 10 the next o~est u.
ore Of the -four AID he did lot appear; and 6asry,
lie fourth OF The party, who old appear, toos a.
contract 10 co the work at q far higher price ~.
the Others had bid. These bidders were ep,.,.
inier.sie in the work None Of tie sureties off,
when he esin stss were put IN, were he,d aoori
ing to law. Ills commission appears 70 be geo>,l
tbroul host tie Departments II will be seen BY !.
Gaze thai the Omission 20 hold the s.Nl
ties w ose obi. atious ACCOMPANY the bids vhe,
iercd fordels in effect the contract system nan.,
Con bin atoms at sill timts control the prses n
OILY safey is in compelling the lowest bidder 70 ~
en- The contract and 10 prosecute the suretfs oaq4
the diff. renee between the biis " at once valid ol
Qstion upon the sue is, and tina, the Controller VI
lie justified in Withholding FROM moneys doe sar-1
upon any claim he msy nave against the Corpo,a3
The full amount OF such differences. II this Be n
may it not be worth the while TO ascertain va
Al " Of the contractors doing work to be pail ~ \.
the City may Tot have heretofore been surety o a
reict bidders, ard whether demand ehoud noe
made and thus collected for any loss by bis nosSol
phance. -
To rencer this section of the ordinance refret A
vet more efectual I wonld NJ commend that
anne Doed by n akins it obligatory upoo bidde, 10 IN
pisb surefic- VINO will qualify a. to their respoasoa
al The time Of quitting In The esii mates
Nothing in this Communication IA int nfed NAN
he ton upon the lex slat We branch OF the Cly Cover,
m,pt with whom I am really d, sirous of acilg
h, rmopy and wibou, conflict Ii the langua2s
pears strong, Il results from the ,eep concern w
The Head of the Executive branch OF h, public seiu
IL view of his o~n r.spor sibt 90 ~ q c"nsHouso
n at the people will bold him accountable tor ms3
that is wrong III our Corporation affairs bot whci
beyord biz power 10 mprov" wi'h"at your an horil
action IN advance. The Mayor without asking Il
his own powers shall be incIeasd ham ell a. they
aye, does ask tbat your body viii take lnmetss
meesur 10 remove the thousand evils and errors ~
So palpahle in ne Government, or plsce the posst
DO so whtrey' in your judgment it viii DO saitss1
most prudeutly exercised. have DO wrh TO mrs
nv Don labois. hu, am ready 10 assume any.4
tiou al burden, IL, in the iuopased care, oebeht "a
sll y,
be- our ride aud glory TO preside with hdeli'y -
faitbfuhoss aud with usefulness. Nery respeehA
FERNANDO WOOD, Nave
ANNUAL REPORT OF THE CONrR0LLEl
DEPARTMENT or FiSAScE, coSrRoLr ER's 0rvicI
CITY OF Nrw'foRK, July 81, 1855
This r. port in compliance with the Requirements
the CITY Charter is intenoed 10 embrace the hn.u,l
operations of The City Government for twelve mnk i
4 Ill. I'D -. Il II
the Is, Of july, 1855 thus covering six moothsG 81
wear 1854 az the same number of months OF lsl l
The finar cial OF CREATIONS of the City Goveromens M
be classified as follows:
|. Ire Ordinary expenditures for the supported u /
City Government, which are paid almost enhri
BY an annual tax
. The 7. CENTS end expenditures, on account OF III
CITY debt. These embrace the revenue arising ol |
wafer rents Of the Cro'on Aqneduct aud all revenaa|
n ON the r. nts OF piers markets, and public properly
OF every description, with interest on mortgages ia
sales CT real estate, &c.
B. The receipts sno payments on account OF ssses|
ments end ap ards in opening streets; assess oen's NJ
res ulating, grading, faggb and psviog streets ~
filing tuDlen lots, DC. There are called TN.
Funds" Included in the table of " Trust Fnad,
are the several sums raised annually by sss ss N
State Mil Tax for the Common Scaeols Of tbs Sssi
for the Common Schools Of this City, aud for fhe
msnt of certain debts crested for tho erection q pa
lie buildings. There is included In the tai NY
1855, for he objects shove enumerated, The toui 81
of 81, 477, 6is n, tsee Table No. a. And there
trared in the expenditures for twelve months Et
edpg the lsi OF July last for these objects faole
the sum of 81, $40, 059 "a, which was paid on y
cunt Of State tax N 1854.
T. The receipts and payments on account Oh " 4
tnue bonds. Revenue bonds are issued, and tempt
rary debt IL thus Greeted in anticipation Of the n
epue do rived from the annual taxes. Tins MODE
supporting the government by borrowing until "
axes can be collected is provided for IN each ofs
nance making the annual appropriations.
UnCer this ordnance, the CoDboe has bonOwe
on revenue bonds since the first of January last the
Of a. 100 in aniicipa ion Of the tax which will
ready fer collection the first Of September add fro
which The revenue bonds will be reimbursed they "a
due The CT bas paid off in the Twelve months prl
ceding first OF July 1914 ESQ OF the revenue bonds
1853 and s3757 400 of those Of 1884, thus cancelaa
g. 1872 279 Of this temporary debt.
The revenue bonds based on the revenue derived
from the aDBuAl taxes and hence tne tar levy when
approaches six millions Of dollars, establishes veI
broad basis for borrowing.
II IL obvious from the preceding explanation, tha
we tSke the total sum paid out in twelve months 90
account of the expenses of the City as sho IN IN Iao
No. ga I57 O57 39) and add TO IL the amount PAD
for the rec emp'ion OF revenue bonds, - 7J2Ug W.
create very erroneous impression a. TO the eost
the Civ Government. The expenses of the Cny
proper az shown ia Table 10. /, are paid indircnm'
naely from moneys obeiIed by the issue Of revenue
londs and ibOse coming in'0 tho Treasury ron tax
tiop Tie Controller for example, IN November, 1884,
mskes up an es imute of oO0 for the support o.
the Government 'or the calendar year Of 1855. The
provisions Of the Laws require about egh, months
Of the ceeDdtr year before Il take. begin to come No.
ard nine or zen uonhs before very large Gums are re-
ctived Hence tie necessity of using revenue bonds
10 anticipate large portion OF The 20 eoo wv "oi
vii, beo}n to come INTO the Treasury in September
and Considerable portion of which will not be res
lied by the payment of taxes during the calendar
year AZ the close of the year 1884 there wa IN ar
rear s54s los 50 Of the SUN levied in the precedl
July. TIE current excuses OF The calender yea .,
sbopt s47l6lO0 procured by the psue OF revenue
bonds, as before stated, and abou 81, lH,7s! |" &C.
rived from the psy ment Of taxes. -. q.
It's also NJ c. .sary TO look beyond the iooh'g' ~
- . Tho bnrflpns huuuai