New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-09-24
Total drsciency.

Total deficiency 20
The Deputy return 10 the Collector on this ASSESS
meut Cannot be found, though thorough search has
been made.
This account affords apt illustration Of the ingen-
iois I,ethOds adopted 10 conceal deficiency. and OF
the adv anita taken Of the omission properly audit
ard record accounts in the Finance Department.
Had the Items which PAID aud withheld from the
Treasury beel cancelled IN the records "A comparison
CT tie records with the payments into the Treasury
", uld have shown the fact. Had they been included
IN tie 10 the Bureau Of Arrears the due no,if-
cation 10 tie parties owning tue property from that
bureau wsd have brought the payments u the notice
Of the Ccrk If ATTears by the persons Interested.
BY emitting the paid tens from the return 10 the
Bureau q Arrears, and by emitting also 10 cancelhem
tie books OF record, ordinary examination If tho
rct,rs de 81, Is VI tie payments into the treasury,
would show al account without discrepancy delcI
eucy IL only when the title 10 property j. searched
that the owner who hu- paid his assessments becomes
aw that Notwithstanding the payment # biz
ucIt, i stu reAelis on the records i upon his
property, and tie property assessed j. not returned
To tie Bnr,au Of Arrears the city iai- 20 the
cunt 90 tie assessment by p -ale.
fLIl eTu ere. own a. tie want of proper books Of
accounts N tie thhLce Department, the Controller,
n tie ab-ercc OF al examination, has 20 mode Of
Csce.tsliI- 20 what extent tie assessment b0nds,
.sued n anticipation 81 the payments foT
exceed tier climate amount. t. tue extent that
tie outstanding Assessment boud- represent paid
sHrlis, such above described, but which are
SUPPOSED hy ihr CpriTCer 20 b. unpaid and collect
di1 ~ Ait tAltL lAdk lilt t>rf1>if4lls On the
property belonging "a tie corporation which only
col..ctable nom tAxltion, similarly represented
floating debt, bearing interest, j. constantly being
created ana augmented none the l.se real iornds-
BE tLst II cUes not ngure c0nspicuously official
reports, the Taxpayers W learn when the fiction of
cohectsble J. di-peed By the una vuidab.
fact which future tax levy VII exhibit Your
COrnmiitee cannot vet determine the amount of foat-
irg deb, thur created Hyolves the examination
II al tie Assessment UNITS well a. Of the cor
poraticu assessments, which examinations are being
prosecuted With due ls.nce.
Reference made IN tie report pro-eil,ed 20 your
honorable b,oy tie 9Th May To The unsatisfactory
condition If the real estate accoun. Of the city.
II r,ithsr indicates the actual cost 20 the city nor
an arm 20 the market value 81 the property
III. II To- be regretted not only for the reason that
n.th,d snd accuracy Of the irst Importance in all
H. accounts of the city but because the state Of this
particular account IL 40 Intimately connected with the
city credit.
Tie corporation has frequent occasion to borrow
money 10 large amounts, and Il; ability 70 negotiate
lcons On the mo s. Favorable terms j. seriously impaired
by ueager exhibit Of it, a-,ets.
Tx city, no more than an individual can expect 10
uand money the lowest rates OF interest without
isvorab. account Of is resources Of whatever ma
turr "a the fncts viii warrant.
There seem. DO reascB why Tie most wealthy city