The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-10-08

50 ,033 1915 Al
During the twelve months preceding July l. 1855,
tcates of the per cent Water Stock If 1858 have been
redeemed and cancelled by the Commissioners The Sink
in redeeming the ABOVE amount stock, there ~,
And there was paid by an exchange Of stock in
the hands Of commissioners, the sum OF. 1922 III
Total Of certificates cancelled. 81 sol 2T4
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
make provision for the reimbursement by annual taxes,
generally $50 ZOO in each year.
The present amount Of this debt Is 81 273 700
Statement No shows the stocks and securities held by
the Commissioners Of the Sinking Fund for the redemp
ton OF the city debt, July 1858: after deductng the
amount advanced for the payment OF the city debt, the
balance is 50 0S3 ,3,5 ~.
Statement No. 10 shows the amount borrowed by the
issue of revenue and assessment bonds.
1t appears by this statement that during the twelve
months preceding July 1858, bonds issued
to the amount Of $ sos o5o and during the same period
there was paid SIS lie $50.
There was issued during the period assessment
bonds 10 the amount of si5 600 and the amount paid was
SAFE oY TIE BRICK CHURCH PROPERTY
An addition has been made the capital of the sinking
fund OF SCI 600 arising from the sale OF the land on which
the Brick Church was erected, granted to the Rev Mr.
Rogers the year 1866 at annual rent of Gao which
reduced by the Corporation, by release dated Sd
September 1885, to twenty pounds three shings at
which sum remained until the sale of the property
The sinking fund is thus realizing an interes, on ss7 $780,
being equal 81 1925 instead OF the former rent reserved
II appears by reference roll of the Second ward
for the year 1885, that the total amount assessed the
site occupied the c Church and the buildings there
on, four hundred and nnetythree thousand dollars,
which yields to the city in taxes at the rate fixed in 1885,
about IS. 600
PAVEMENT OF CHATHAM STREET, BowERy AND FOURTH
AVENUE ETC.
IN document No 20 it computed that the saving in
putting down the 81 o6 superficial yards II Belgian pave
ment in lieu Of the Russ pavement would be equal to
s3ls 6o and the several railroads paid their proportion
Of the expense according to the number Of yards
embraced IN their grants the saving to the city would be
1881 be-
In that estimate the Belgian pavement was computed at
three dollars Per superficial yard.
The work was contracted for on the Odd day Of July,
1886 and has been completed by John Pettgrew at two
dollars and nineteen cents per superficial yard This will
produce saving to the taxpayers OF the city on the whole
work of s4o2 400 S.
The saving Of s4o2 400 So the taxpayers this con-
tract not the only gain which may fairly in to the
present comparison The with Russ Reid gave
to them the old materials-that is the cobbe and
the bridge stone-coverng Of 90 1854 us yards
The total value OF the paving stone is equal TO So S25
se-poducing total saving the city the comparison
between the Russ pavement and the Belgian pavement Of
s423, 401 SIS.
TIE CITY AND COUNTY or NEW YORK.
controversy. however, has arisen between the Com
mssoners and the Supervisors which threatens serious
embarrassment 10 the operations Of the treasury, and
which Jusles, if Il does not require the Comptroller to
exhibit the peculiar position OF the Finance Department in
fesa 70 Inc TAX ieSy o. sos nnsIe mas already Deen
the LIST Of September 1855 the sum Of Sc 62s 5j0 in
ticaon Of the taxes Of 1858 OF this large amount the
OF 81 100 900 has been made payable in the four
months from September to January. The law requires
that the books should be placed the hands OF the
Receiver Taxes the 1st OF September and the ope
in the Finance Department have been based
ON the reasonable expectation that the tax rolls
ing to the requirements Of the law. After the
rolls confirmed by the Supervisors, the taxes
most Of the books returned 70 the Finance Depart.
ment the Commissioners Of Records made application 10
the supreme Court for mandamus against the Board OF
M
the complaint, for the purpose Of compelling
the Supervisors add $3.50 900 "a the sum Of $50 900
which they had put in the tax levy this application Of
the should be successful It viii bc ncccs.
sary Tcoopy the entire rolls Of the twenty wards,
and readjust the against the o each rdvi
dual. The same thing must also be done IN relation TO
the tax list against nourosdents and as the Tax Commis
soner have made separate book for the present year,
containing alphabetical list Of all persons the rolls
charged with personal taxes, viii be necessary to
COPY and re-adust the that list also Tue delay
occasoned by this litigation, and The time necessary 10
rcadust with proper accuracy the several tax rolls
errcd must be attended with very serious nconvcni
encc the operations Of the treasury aud may prove
tremey detrimental to the interest and credit OF the Cor
vArAnoS oy RIAL AND PERSONAL ESTATE TIE CITY AND
COUNTY YORK foR 1858.
Statement No IL shows the valuation Of real estate In the
several wards for the years 1857 and 1885, also the total
amount assessed on the personal property Of the city and
Total amount Of real estate in s3ss ,3t6 ,2o6
Total amount Of real estate IN 1857 352 343 oa3
Increase in valuation Of real estate Of 1858
1s5. SIh.pDJ.Z G3
Valuation Of personal estate for is5s sioa sls 9oi
Valuation Of personal estate for ls5'... les,2ea.9
| Decrease in valuation Il personal estate Of
1853. when compared with 1857 s5,36s ass
CLAIMS CORPORATION ron UNPAID AssEssxEsIs AND
Statement No IS las been prepared by P. II. Kings
land Assessment Clerk showing the settlements which
have been made hv the surrender OF certificates Of sale
and leases, from 1854 TO the present time. In
qucnce o the small number Of parcels d OF at the sale
large number 81 lots were bid IN for the city In many
/ ..F al
originally laid had obtained possession u the certh
cate Of sale the lease and on suenderng these docu
10 the Bureau II Arrears, the whole matter
settled and the lean cancelled
Tie total amount 81 hens cancelled by sur -
render o certificates and leases t4 235 so
Paid In cash settlements with the Finance
Department since 1858. ................. E1eS 20
Compromised resolution Of Common Coun.
Gil End by the Comptroller on payment OF
the original assessment. ................ 1871 90
Cancelled by Common Council. ............ 2,Ols 81
Total amour, settled sIos l55 IS
Leaving sl25 q Of the advertised for yet
unsettled.
legal proceedings ough, Immediately 10 be taken
against the persons who have thus Ear neglected 70 pay
their assessments and compel them 20 surrender their
leases where they have them pay their assessments
Tbs Is necessary to prevent losses 70 the city.
In each year large assessed individuals
account Of personal which paid and
BE- collected. The accumulation Of arrearagcs Of this
Taxes which u annexed, marked No ~, r. the lst Of
july 1857 amounts 20 the large sum q 81 5l5 26e 80
Tho balance unpaid ~ the personal tar Ia the levy or
the year 1851 s407 2lT 3s The unpaid personal taxes
for years previous 1851 exceed million Of dollars
the principal portion u which viii never he collected.
Tie amount returned On the LIST Of June last as unpaid
s73e061 o. This amount, added 70 the
the personal tar. makes total deficiency on the levy
for The year 1857 equal 10 81 Ia, 2Ts A..
Statement No. 20, annexed to this report shows the
~ arrears returned Augustus Purdy Clerk Of
Arrears from ls43 1851 inclusive. The aggregate
amount q arrears contained IA his statement IS equal 70
az ,30e $40 II.
The collections made by Augustus Purdy, Clerk Of Ar
rcars the foregoing returned 10 him. amount 10
&s22 fs 30 leaving balance unc0ected OF 81 S9 81
add 20 this the balance outstanding account q
Of personal tax u 45 900 49, and makes total amount
q arrears taxes the LIST Of July, 1885, equal q
| g., 032 l61 u
The same statementfshows the amount OF
turned for each year from 1871 TO 1857 and the
collected by Augustus purdy for each Of those years
The delinquency of residents Is only
at4f TI4n ~ thn