New-York daily tribune., 1856-09-04


Amount of debt unprOvdod for July lss. sosl2o 1913 So
or the permanent stock debt Of the city, s5l5,OOO
was paid of May 6, 1856.
Statement No. Is shows the amount of debt crested
Tor the erection OF public buihngs the construction Of
docks and clips, &c. The several laws authorizing
this debt to he created make provision for its TO.
endorsement by annual taxes, generally s5OO0O In
each year. The present amount of the debt is
q l,l54,O00.
Statement No. l6 shows the amount of six per ceut
stock ihsued payment for tue awards in the Central
Park 81 ,46l 600 iedeemsbe in three year. from the
agreements levied against the property benefited hy
that improvement 1t VII be seen by reference to
statement No. IA that s665 100 of I've per cent Cen
tra Park stock has been ioeued for the same object,
and is redeemable in 1893. The interest on the above
stock is payable by an annual tax
Statement No. II shows the stocks and securities
held BY the Commissioners of the Sinking Fund for
Ae redemption of the city debt July l, 1856. After de-
ductDg the amount advanced for the payment of the
city debt, the balance is $685., ,O92 AZ.
Statement No. l5 shows the amount Of Revenue
Bonds issued during the year ending Juue 30, 1856,
From July l. 1853, to January l, 49,. +esS.9Co
From January /, 1856 to July /, 1885,. 5'4tO76'
Total. ...............s6,5 ,5O9565
This does not include a special loan made in May
hat by issue of Revenue Bonds OF si4O 0O5, which
were paid off and Cancelled in June and July.
Statement No. l9 is Il let of warrants remaining IN
the hands of the Controller and Alditor, ncacd for
by those in whose favor they were drawn at the time
the City Deposits were changed tom the Mechanics
amount to the rum of s6370, and the checks on the
Mechanics Bank given to A. v Stout, esq Chamber
laiD and were paid by the Mechanics Bank and cred
ited the of the city the Sh and Leather
Bank, as shown by the receipt of Mr.. Stout, dated
July II, 1886, copy of which is appended to the
statement.
CENTRAL PARK.
The act of the Legislature which gave authority TO
The Corporation to scq lre aud for tae Central Park
provided for paying the awards 10 the ownes OF .he
land takeD by sue of stock at an Interest not ex-
ceeding five per cent. per snnuT The report OF the
Commss oners appointed by the Supe Court to
award damages and fix the amount OF assessments Tor
benefits made theii report at the close of the year
1885, and it confirmed by the Court on the 5tn ot
February, 1856. On the 18th OF the same month the
COmmon Council passed au ordinance authorizing the
Controller to borrow the sum OF s2sO0, co., and TO
iseue therefor transferable certificates OF stock, bear
hg interest at the rate OF five per cent and the prnci-
pal reimburable At the end OF iorty.two years. Inc
law for taking land for the Central Park provided for
portion of the cost by ssment for benefits on
lands around the Park. The total amount thus
sessed property holders in the vicinity OF the Park
was 81 600 900. As the law for acquiring the land for
che Park declared that payment should be made there
for immediately after the conhrmaon OF the report;
the ordinance provided for The issue of 81 900 600 Of
six per stock under l90 OF the general act OF
1873. This was done to icpa'e the collection Of
the and TO enable the Corporation TO pay
mme distey.
On the 18th of February the Controller gave notice
fr nsn of g. 400 OO0 the bids 10 be opened on this
7th of APRIL last lhe cash bids for the five per cent
loan were only $50 OoO Subscriptions howsve were
made IN several by persons who had Fards.
The six per cen, stocks bsve been mace avaiao'e Tor
the payment of awards although the Contfol'er was
disappointed in the payment OF about SOS Voo OF the
Cash b,os for this stock.
Arrangements we're made on the 18th of April, net
witbstandDg the failure of the I've per cent oan for
deposit In the United States Trust Company, as ex-
planned hereafter of the full awsrdei 10 unknown
owners. The total sum paid to the Trust Company,
under the order OF the Court, s2s2 1913 75 The
number Of awards settled and paid al the Controllers
Ofic is 430.
The amount and manner of these payments as
stated beoY, viz: The total amount awarded for
damages 10 parties whose lots were taken was
s5lli, 1876 80. Settlements have been .de with
parties having awards amounting TO the SUN of
g. 40 25 TO July 1856. Of this there hss been
In Five q cent B5 500
In SIX y cent lbl,N0 90
The MORTGAGES held by the city these awards
Tee awarded 10 Corporation 1891 Is
slrs whole amount settled and In hands Of city *8ss 90
whole award. ohit'o ~
Leaves balance unsettled lS5O5I 50
The preceding statement shows that OF the
asIII 49, awarded for tho cost Of the 'saa 10 The