New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-10-08

iuvestmeDt, portion Of the
which forms part Of this
:, debt seusi to-. ..'..''''''.'..''s sls,;s's
Hudson Rive Railroad Bond........ 1850 20
Totsl.........................s4 4,7,6ss 81
row-d from sinking fund fof pay - $500. .
Delt nrpro, t,,d ~, uOl7Ga2 ~
During the twelve months precc iuZ July S'S GET
thcaes Of the per cent Water Stock of 1888 have
beed redeemed and cancelled by the Comms :ioaers Of
the sinking Fund amounting ......'.;'.;.'' s%"i!H T"
In rcdeeDing IL. amount o. stock there was
A. a N ss.I p i5 , sy s;ci.H;c d stock n the
hands Of CoEIuiisioners, tie sum oi....'.... l'<<
ro,a' amount Of certificates cancelled sol -
Statement No. shows the amount Of debt created
for the erection Of public buildings, the construction OF
docks and slips, &c. The several laws authorizing
this debt makS provision for the reimbursement by
ANNA! taxes generally so, go in each year.
Tie present amount Of The drbt +L@'5io
statement No. 9 shows the stocks and securities
held by the Commissioners of the Sinking Fund tor
tie redemption OF the city debt July !, le1S; after
dcGucliug the amount advanced for the payment oi
the c'y debt the baaree $3.50 "
Statement No. 10 shows the amount borrower by
the issue OF revenue and assessment bonds.
1t appear by this statement that during the t"eve
month, preceding July ls.s, revenue bonds were
issued to the amount OF s., VJO; ana durlng thc
sane period there was paid s., $3.50.
There was issued during tIe same period assessment
bonds TO the amount OF 80 600, and the amount paid
SAFE # hc Brick Clurch Property.
An addition has been made to the capital oi tue sink.
ing fund OF so 100 arising from the sale OF the land
on which tle Brick Church was erected, granted L.
the Rev. Mr.. Rogers IN the year loo, at al annual
rent Of foriv pounds which reduced by the Cor
poration, by release, dated the 81 of september,
l76J to twentyone pounds three shiilings, AT winch
sum remained until the sale OF the property on the
| ith OF May, 1876.
The church by the terms of the grant, author
lied TO hold the iand granted long II usen
for a church cemetery, and vas not appropriated
fer private secular uses.
The amount of annual rent was 90 30 amt by al
arrangement between the Trustees Of the Church and
the Commissioners OF the Sinking Fund the property
wassod at public auction under stipulation That tie
church should receive - per cent and the corpora
ton - per cent of the amount for which the same
should be sold.
The sum Of g., 600 was bid for the property, and
of this sum tie city received so',1Ooi '9o ocng
pai1 down. "a I'd O. mon gage being given Tor $oOOOO
On the I'd March, 1898 the mortgage was paid OF
in fui the principal being s6OoOv AMI the interest
$?,9e5 81.
So $50 being equal to $40, instead Of the former
rent reserved OF s52 %.
On the 9Th o, April, 1853, the Controller made r.
mort 10 the Commissioners of the Sinking Fund. en-
tracing full history Of all the facts connected with
the graut ana TIE arrangements respecting the settle
mert between the Church AID the Corporation. icce
Doc. No - Of Board of Aldermen of that year,
The Commissioners of the Sinking Fund, a. WI be
seen hy reference 10 that document not nugni-
mons In favor Of fixing the proportion TO be- received
By the Corporation at - per cent bnt three OF the
Commissioners in favor Of making the settlement
on tlosc terms.
In the report of the Commissioners Of the Sinking
Fund, presented to the Common Council the following
consideration suggested "a entitled 70 weight With
tie Municipal Government. viz:
There is another view Of his subject 81 great moment
which fall, immediately within The rarge Of the cdtes
legislative branch OF thr City Government We shado
effect will add when the property improved. probs5,
=4ooOo or goco 70 the 'aAab, property Of ne ny"
Il. hit Lott
Nard ir the year 1888, that the total amount as-
ses-ed on the site occupied by the Brick Church aud
Tho buildings thereon, is 1855 900 which yields to tnc
city IT, taxes at the rate fixed in 1873 about $S,"u'
Pqrcrea, ., Chatham STREET, tie B0wcry and FcHrk
GrcRvc Nc.
On the 231 of May, 1888. the Common Council
passed resolution authorizing the CoHnlssioner OF
Repairs and Supplies To contract with Russ a keii
Tor the construction Of the pavement known a. the
- Russ Pavement, the entire width Of the carriage
"wly, from curb 10 curb, through Park row, CHAT
4" ham street. the Bowery and the Fourth avenu,,
around Union square TO unite with the termination
of the work to be done by the parties az the second
"part uLdcr u contract heretofore executed between
The parties 10 these presents for the paving oi Broad
way.
The price to b. paid for this psvemen. from the City
Treas ury was g. % per superficial yard ANA the con-
tract also provided, that all the old materials should
belong to tire contractors
\ u.stion hav Z been raised a. 90 the validity of
thi, agreement the contractors laid down thousand
wards 81 the pavement in Park Row. III order 70 tst
The question ana demanded payment oi the Controller
aud on bis refusing 10 pay applied To Judge OF the
Supreme Court for wit of mandamns against hiu.
In the meantime, two taxpayers commenced pro-
ceedngs in the Supreme Court 10 obtain an iunct"n
ON the ground uf the iIvalidty of the contract An
Injunction was granted by Judge Roosevelt, and SUBJ
sequcuty dissolved on al application by Tie contract
CrS 70 Judge EdmOndS.
TIE case Of the tax. pa yers argued in November
1888 Oh appeal 10 the FIVE judges of the supreme
Court three OF whom, judges Roosevelt, Mitchell AM
Edwards decided in favor of making the Injunction
perpetua-,Iudges Elmonls and Morris dissenting
The mandaI-u- Of Russ n Reid vs.. y. L. Flags
up before three OF tine Judges, and Two u tncm
Judges E-mCIds and Morris, decided that the Con-
tT0er bound 10 draw his warrant in favor of Russ
\ Reid tor the anunut due them for the work actually
performed under the contract. see Doe. No. TO-
1871, Board TT Aldermen, page %55.l After consult-
tiCn with tie Counsel To tue Corporation con-
cuded hot ~ appeal hu. pay Tor the work DONE
SS 100 provided Russ * Reid would surrender AMI
cancel their contract, winch was accordingly done
November D. lSJ3
In July 1856 the Board Of Counc..men passed e
resolution requesting The Controller to inquire and re
pur that Board the nature ami extent ~ TIE
"ohl cations G., the Harlem, Thrl-ay enue and Sec
"ond-ayt7ue Railroad Companies respectively, ~ re-
gard 10 the pay eIueIt 10 Chatham street tine Bow
cry ala Fourth avenue TO Fourteenth street; alsp
IS to Whist share, proportion or amount The sali
Companies, respectively or collectively, VIII pay t"-
the cost Oi paving SAID thOrougiiarc, oF any
ard which parts thereof, with granite. Specifying
particularly To- the different kinds OF granite pave
Inent.'
Tie iul statements Of facts in reply 10 this re5olu
ton j. contained III Documents 6l and ~, Boari Of
Couu, linen, 49,. 1t Is shown by the second dccG-
ueut referred Ia. that measurement and cCmpuiA-
ton was made by Mr.. Even, embracing that portion
Of tit Russ contract commencing from Inc near the
BRICK Churol, through Chatham street, the Bowery
and Frurtb ayeTu, to Seventeenth street, and thence
around MON Park. 80 as 10 connect Win the Russ
pavement in Broadway.