The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-09-04

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In opening streets, the regulating, Tagging putting
down and gutter, and the fret paving between the
curb stone done under the direction the Street
Commissioner and the cost is assessed the property
which ought To be benefited TO the amount Of the charge
The expended for these objects paid from the
twelve months preceding the LIST Of July to 547 o.
The amount collected and paid into the Treasury during
provided for by an issue Of assessment bonds. The
amount issued during the twelve months preceding the
standing July l, 1885, at 1851 900.
Statement NJ. shows the receipts and expenditures
for the city government, including Trust FUNDS for
twelve months preceding July !, 1855.
Statement No. - Is table which has been prepared
for the purpose showing the total amount included in
the tax levy for series years. This statement in
cudes not only the raised annually by . direct tax
Of the various objects for The ordinary support
Of the city government but also the large re-
eed for the maintenance Of the Free school system OF the
city, the account Of the State school sys
tenn, the Min Tax, and some other items, which, in the
accounts Of the Finance Department mixed up with
III ust Accounts" Table No. "A may therefore be re-
erred to as an exhibit Of the whole sum annually levied
the city by tax real and personal estates each
year from 1850 to 1856, both inclusive This statement
will not show the exact expended in each year. for
the various objects enumerated in the table, but is
close approximation to the aggregate included in
the tax levy Of each year. For example there is 1885,
y"ar The sum Of $500 COO which properly to
the expenditures Of 1890 In 1861 the tax is
$742o00 by Of expenditures in 1852 In 1854
1855 has in the sum Of ssl CO. Which ael om an On
excess Of ex pepdtuies in 1854.
Every censiderate mind, on an examination OF the
foongs Of the massive columns OF this table, be
deeply impressed with the magnitude of the annu
ally extorted by tho city government from the savings
Of the frugal and the hard earnings Of labor not alarm
ed at the Unprecedented increase OF those exactions from
year TO year.
Extravaganza to greater or less extent pervades every
department Of the municipal government The prevalent
theory that the greatness and glory Of the city to be
estimated by banquets and shows and waseful expend
ures Of not earned by those who squander is
which must be corrected the consequences will
be most disastrous TO the rising hopes and otherwise fair
prospects Of city which, If honestly and justly admin
isered, has brilliant future than any spot
globe.
What require is thorough, intelligent and most
rigid system Of retrenchment and persevering economy
government to be great and prosperous be frugal
and exercise wise economy in all its expenditures The
does not money but supported by the
earnings of its citizens The best government Is that
which gives equal protection to ALL and
maintenance the smallest amount OF the earnings
its constituents. The inhabitants of the city OF New
York pay willingly and literally for every service rendered
by their agents. they only ask fair equivalent for the
money exactcd of them and this they have o right to
demand.
Statement No 3, annexed 10 this report shows the
amount Of revenue received by the Commissioners
sinking Fund for the payment of the city debt the
from which derived and the application same
This statement shows a balance hand, July ], 1854
o.. OBSERVATION-DISCLOSURES. $5a3i3 II
Received during the year ending June 80