The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-07-22


issued previously and not presented for payment, was
sl46,f6 Al.
Incorrect inssmuch as was formerly the practice to
enter all warrants drawn by the Auditor IRON the &C.
count kst. by him IN the margins Of the audit books
before II WAS known whether they would DO sgoei by
the Comptroller, who not unfequently withheld his
signature thereto.
rhe pre,ent practice Is 10 regiser and enter warrants
after they have been duly executed g., signed by the
Comptroller, and countersigned BY the Mayor and the
Clerk Of the SS% ss,s,s % All warrants are a'n
printed black ink and used only for payments upon
city account The 'B' warrants are printed in red ink,
and trust accounts All warrants duly executed as above
are entered the Journa 10 the General LEDGER to th
credit q "a, Warrants Drawn Or "B Warrants
counts Of expenditure indicated by the Endorsements
upon the margins Of the warrants n the time
payment by the Chamberlain, the cancelled
by stamp CUTTER and returned periodically with de-
tailed s nosa ha asS
numbers ard then entered 10 the Journal credit OF
the Chamberlain and debted to the respective
OF Warrants Drawp The balance at any time the
credit Of ead accounts should show the OF
rants aoat, including those which may no. have been
as be may be able, notify persons In whose favor war
have been executed when they not called for
IN addition 10 his sum, considerable number OF
rants executed In various for different purposes and
charged to the several accounts Of expenditures
called for had Deem deposited with the Chamberlain TO
the credit Of account entitled Unclamed Warrants
and the balance the credit of this account and Ap,a
ren.y due thereon, December 81. 1885, s6o,4 II.
The Statiag Ftssds
The disbursements made by the Commissioners Of the
Sinking FUNDS are shown in the statement page
already stated.
citg debt, on the slst Of December, 1858. amounted
The sinking fund for the payment Of interest "
on the city debt, had accumulated sur
plus and above all charges against
the same, prior to December 81 1858, Of 2b79 634 IL
account Of these funds and also the Of cash
hand ct the beginning Of the present year.
In view Of the fact that the revenues pledged to the
sinking fund for the ment Of interest the city deb.
annually produce more than sufficient TO meet all the
interest payable thereffom, and that large surplus had
had no power to invest permanently, the Comptroller
nde application to the Legislature at It's last for
the passage Of act authorizing the Commissioners TO
transfer said surplus TO the sinking fund for the redemp
ton Of the city debt and to invest the the
provided by law in relation 10 said last mentioned fund
aso transfer and invest in like manner any surplus
which may hereafter accrue during any year from the
revenues pledged to said sinking fund for payment of
interest
thereof the surplus existing In the fund for pay
ment Of interest on the city debt amounting to 5795
sinking fund for the redemption Of said debt thus ncress
ing the capital Of the latter at that date to 555 81
The eny charges to DO made against this fund prior to
the year 1870, are the following
Water stock issued under the act Of 1889 redeemabe on
January for after lat 1858, u....... $l6S, $50 90
Water stock Issued under the act of 1884, re-
deemable con after 1st January, 1907 500 900 90
Fire indemnity stock, redeemable "on
after May 10 1865" .................. 4o2 ,76s 90
Io.al. s. on ,Oas 60
Debt Of the Corporation.
The entire indebtedness Of the Corporation exclusive OF
the floating debt (Which is usually dominated Careers
according 10 the books Of this department. amounted
31st December 1885, to s22 6s9 1885, which may be CLASH
fed as follows, viz
or this there held by the Commissioners Of the
Sinking Fund, the following amounts, viz
OF the $14 399 996 permanent stock debt redeemate
from the sinking fund for the redemption OF the city
or tho 81, 224 600 stock debt, redeemable
rom .axaion,. ,:....;....;..:........ 3lZ2oo w
OF the 81 COO, 800 Central Park Assessment
Fund stock. ACKNOWLEDGEMENTS. $500 90
Total. So, 786, 152 90
!. Tie permanent or stock debt, iedeemable
from the sinking fund ............ $4 500 ,998
q The stock debt redeemsole from taxation. l24
ments for opening Central Park. 49,. 1000 300
4. The temporary or bond debt consisting Of
the following
Revenue bonds Of 1853, redeemable
from the taxes for 1858 ......... 81 1858 700
Assessment bonds, redeemable from
assessments for various atreet and
------- $5,464, AGO