The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-12-08

Public Education stock OF lS13...... 1861 SO
lfs4uH ff Central Reconciliation, |iessr 4
Showing the total estimated OF appropriations
required 10 be made for the expenditures OF the Corpora
Tor he support q The city government. .se2lssil 90
For Tor i on the city dsbl e4o,s26 90
CITY cebt .......................... b4,657 SO
Sb,94, lS 80
II has been the practice heretofore for the Common
Council 10 include In tcir appropriations all expenditures
for county purposes well all those relating partcu
sy 10 the Corporation OF the city, The act chapter 500
Of ue Laws OF 1857, changing the organization
ncr Of eectpg members Of the Board Of Supervisors pro-
vided that appropriations for county purposes should
thereafter be made by the Board Of Supervisors and paid
by warrants drawn ON the County Treasurer This law
was not carried into full effect until within the present
LOT ist0 Tor county PURPOSES including The OF the
State taxes, will be made by the Board Of Supervisors and
the estimated amount OF the same for said Year. sub
mitted TO that BODY by the Comptroller, Is 81 9500O0
II has been usual tor many years 70 provide in the
annual tax levy for lafge amount Of arrearages,n
unoer which head great variety Of claims vera IN.
cluded, having their origin less in every DE-
partment In of the plain and explicit provisions
Of The charter, which prchibt the contracting debts
and the mourning expenses without an appropriation
having been ft made for the particular objects OF such
expense, the proprey OF contracting such debts before
the necessary appropriat shall have been there
Ior certainty very que nable unless some exraordi-
nary emergency shall ark which would seem 70 warrant
such proceeding hare, therefore, endcavorcd to i'm
press upon the various Officers of the government the
necessity OF copfnng their operations within the limits Of
Al
ful 10 The sxtpnt Inch WINS desired II 10 10
able 10 state that the amount of expenses inns rred 4;
all the departments during tho current year win probably
fall considerably short SIS 600 for which Tho Common
Council will be requested 20 provide by snecial ord
IN this connection IL Is Justice to the Street
10 eae nas se aoes incurred for
exceeded the amount Of the appropriasons for the
same To avoid any serious Inconvenience detrient
appropriations in the future pan will he snyoesed in
another part Of this communication - :
s.e ~, hec1las. 15.5 ~ i,
80 sor ne ,aar sea hs, e ~, enurs =, tne corporas
t,ass snrou;,d !, ~ S,r' E', ana exclusive o.
snuNcahn 70 ,ho ,ns" ~ s.asns us' anu wncn are
s ~ y, s s,c zoo - purposes OF tne
,, ,s sao AZ ~ ooSo ssx 70 ,
s,n,d ~ s ~, ~ es s S are correcs, ana
nouu ny sanI " oy ue common Ccuncsi the
cs ~ M ~ ~, ~ aA1son WIN DC $o,oo1,-
TxpendMres. .ss el4 Ia "a r4iten
ra 49,, !; d =; ~ TX: :, SNcsoz ~
~ ,l; s ~ pe taseo ~ @ @ o4o ~
nv sysr0 ny = ,r M @ ~ oi
~ ,ha ano.n ~ En- sse n.n 90 70 tno
no 10 be yet urovided 3or nv snec, In ", Esvs
"a ar1 5aS * - ~ ~ s'o BUN ol
es ;sa .oS s,, ~ o,os o,o,,,n, .o.,,..a ),
fcr county and State purposes as proyousv satd I'm
GLIDING additional provided to cover deficiencies
Inc amount 10 he raised pv ,e = S W. IA,
same M a M for the Corpora r
zion az above stated Il IN Ks, en- =, ~ t@f
Adr tot.cver ,ieGcenc;es 4 ;sirS ~ 70 fsaf ~
: from errors ahatements anS $3.50. I 81
losses. ..............,., 239 $3.50 5o-e 1927 900 90
Estimated total amount of taxes for State
sf County and City purposes for 1860 81 BOT Don On
The amount Of the tax levy for all purposes
in 1859, without any allowances To cover
Deficiencies thereon, was. !. ....... $500 9o6 90
The estimated amount for 1860, IN f1
as above, is ....,...,.,..$S . SO7 900 90
Deduct amount included there = H
10 10 cover deficiencies. 49, 3O7 900 90-s 400 ORC N
a.- sfa 9abg-sa s ll5 4 .--------~
Estimated actual decrease in the amount of
expenditures to be provided for by tax
alton in $780, equal about per cent 81 1851 $40 90
will be perceived that no provision Is made in the
foregoing estimates for the deficiency in the nances on
the Corporation, which Is generally known 10 exist
TO state at present the enact Of
sch deficiency The immense. accumulation OF business
requiring immediate attention, and tho want Of prsoer
facis during the greater part OF the year have rem
deIod extended investigation Of the old books and ac
counts mIractcable Enough, however, has been ascer
probable that the aggregate Of dea
Gle hey and losses will be arge the question arises
bow same shall be provided for? Shall the whne ~
the estimated amount be ncudcd in the tax levy Of 1885,
sbal IL be funded? After careful serious reflection
considering the subject In all it's bearings unhes
tetineiy recommend the latter course be adopted
have, therefore, prepared draft Of law which is hereto
appended to be submitted to the legislature should il
meet your approval authorizing the creation ar nrhlic
stock to be designated the Floating Debt Fund Stock
o. The City OF New YORK;" for sum not exceeding
S2o GEO. lar interest the rate or six per cent per
aEnum and tbe redcema5eJ within twenty years, and
raid in annual instruments after the year l84-the an
nnnl nsancns and interest be provided for bv taxa
ton. hNa .sWtA b st0lyastsTf aff frf#
The fact oftbe existence OF such dcfc,encv and ~,
rous causes of the game have aIready haon aad va
10 the Cannon Council INT bres a o ~ ~ Answa
here viii LOT be out Of place. '''0' :" 'i'c Same
Il has long hecn the practice to lew t.xea e.ch Won. -,
III. nc ~ tha ANIME, arr.,ro.s. yeat III
ancs Sa made for decenes II ta rea.s, no ao%
t.xes h;ch ayvaxs ,ccrr fpc,, c,,a~ VI uo
errors in The assessnent and FINN shss.r..s I'ue
m;ssiors nc we'll no from loosas m Ssnui auu ~ "
annual deficiency from these causes is ea,naS - ,o
been nhout three and hay, nav cant ~ ~ % ~ 'l ~
Of NJ, lax lew or the whole arnoun, ~ rors,
due and unpaid on the first dav Of Iannprw isso
si saS rto XXI ca,cors r. No hs ~ - w 1907 say
"a III nsty,ntnd at M NV, h e,oc l az ceVer q
he ,ec,ca. yrb;ch wonli Ion ,,c leo r ouu over
~ rrariv n;,np ma a hoir ~ In, rls osSo alons
law above mentioned contains provson desoo, - ur
cp, bs racwrramc ~ o. c sa,a 70 pro-
causes above stated II s. 80 80 ''o'" uao
communication % the Common Council under date l ~