New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1856-02-22
land taken Is valued by the Commissioners Of Esti-
1hs eosts - taxed s7siS %
sSIsalA 90


The eess - taxed 1913 %
Total tss 30
The cost Of the land for he Park which, 10 the city
at large and it's citisers who property in It's vc,n-
y is equal 10 s5 l6e s6s 90 only lays the foundation
fo5 large annual expenditure on work which pos
sessss extensive capabilities for draining the Treasury
but rome for repenshing it. The ground must be
fenced and graded, and ornameuted IN manner not
unworthy OF a site for public square, Ia which the
city has invested over s5,ooo,ooo.
TuF NEW CROTOS RESERVOIR
The Commissioners OF Appraisal, appointed by the
Supreme Court, under chapter 50l OF the Laws OF
1888 for the purpose OF acquiring lands ior the con
structon Of a new Reservoir, between i1ghty SIKH
aud Ninety-sxth streets and Fifth ana Seventh ay-
enues will soon be ready TO present their report FOR
confirmation. The cot OF the aud for this Reservoir
covering an area OF ninetyseyen acres, amounts 10
S7Os Coo which includes that owned by the city, Inc
tsn on which the work is TO be constructed l. not yet
fully settled, and the cost viii depend very much on
hedecison made by the Aqucduct Boarl IN REGARD 70
tie plan. Tie cost Of construction may be put down
at sl,cooCc0 The cos of this Reservoir, which ias
within the general outlines OF the great Park, may DC
set down at not less than sl 7Os,000 This Reservoir
and the extension of the works will make an addition
probably of 100000 TO the permanent stock debt
Of the city. Bat, unlike that for the Park, It Is
wok which will add vastly to the capabilities OF the
Croton AQueduct Department for increasing its
enuos, which have already reached about 1000,
and with the increase of population, will, in short
tine, as estimated by TIE Cro;on BOari, produce a
revenue of 81 100000 annually.
STATE TAx,TIoS ASD The STATE DEBT.
The call the taxpayers ofhs city for an addition
of than s6OO0 annually to the tax levy for the
purpose of making up Deficiencies IN the Canal ana
General Funds of the State, and for the support OF the
state Government, is n most significant commentary
on the assurances coniid nty gwen, anu 50 often
repeated that the Taxpayers were IN no danger from
the creation of great State debt and that the canal
revenues were ample for the payment OF any DEBT Tor
the enlarg, ment Of the Erie Canal AMI the full deve
optment of the resources of the State Under the n
huence of the plausible faacy that government can
create any of debt for public works, whether
Productive not, without increasing the burdens OF
the taX-payers the agents OF the people opened tne
way for breaking down the barriers erected by the 'h
article OF the Constitution OF s46, for the protection oil
those who labor and pay taxes and the people them
selves gave, by their votes or negligence to vote,
seeming sanction to this suicidal measure.
As soon the breach was made in the Consultation
n new debt of $4,000, 600 authorized; and during
tie progress Of borrowing and expanding this large
cum the several counties arealed on, by chap 335 Of
the tie laws Of 1855 10 pay into the state treasury
of mill and quarter on the assessed value OF the
property of each county equal to ST. 81 0ol on the
whole State-of which sum the City of New-lOrk
must pay at least sG0S O00 being more than one third
Of tht amount paid by the fty-nine counties OF the
State Ths equal Ia the interest at six per cent on
debt of over $40 600 s0O II we put these annual ex-
actions with the interest the present city debt and
add thereto the debts to he required Tor the reser
Soir and Park, we have result which Is Wen cacu-
lated to aw AIKEN anxiety in the mind OF every person
who believes that economical administration Oh the
CITY Government il essential TO it's welfare.
There paid durns the last year account VI interest on
the present debt the city ........... $T7sO2 So
N1O d .s - Observation-Disclosures. is 900 90
A'D ,g bnrssSd by asse.sn,eut 5000 90
A5a GsIs M tC Of s,sc co
ro,a, 4I79.8o2 So
This shows an annual payment, from revenues ana
from Greet taxation, equal to the interest, at per
cent, on debt Of nearly s29, 900, 600.
SCHOOL TAX FOR THE STATE.
The Act OF the Legislature for raising 100000 an
ruay for the support OF free schools throughout the
State was passed on the 18th of April, 1851. The
portion of this sum required Of the City of NewYork
does not appear to have been included in the tax levy
of ISL In the Annual Report of the State Superln-
tondcnt Of Common Schools, in January, 1882, the
amount required to be raised by the County of New
York for it, portion to make up the $S0OOOO is given
at s3l4,35 90. The sum apportioned back to the
county cut Of the 100000, shown in the same Re
,ort latter dtductng O62l 90 apportioned from the
School FUND.- s95, 600 63 thus drawing from the
city, by general tax on property the sum OF s3l4
$50 c. to make up common fund TO be distributed
TO the several counties the State, and then return
ING 10 the County of NewYork 1920 743 81 less than
was drawn from the Taxpayers OF the county. Ana
this unjust exaction Is annually visited the inhaht
ants OF this city.
Tie ult Of the rule of distribution established by
the act of 1851 II shown by the figures given below:
The fl ri column shows the sum annually assessed on
the County Of New York for the Common Schools o
the State.
=. he sum apporoned back to the county.
3. TIE exco.s drawn from the county by taxation
Iap. no m rctn