New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1861-12-10

Public Building stocL No 3.................. $1,000
Public Education Stock Of 4657
Total ................:........ s!lt5l q
In addition TO the above, proveion IL required t'
be made for the redemption of the following extra
ordinary Loans, viz:
Union Deiease Fund Bonds, payable 900 ma
let May 1902. ............'T lCWRoo o.c ooo M
Bones, payable SSi lot july, Is6,. 100000 o.
Total IVo "
The ordinance entitled can ordinance making
an appropriation in aid of the defense Of the National
that purpose approved April 26, 1861, in pursuance
Of which the "Union Defense Fund Bonds were
Issued provides as follows:
/ Section 5. For the payment Of said bonds ard the
interest TO accrue upon the same, the faith OF the
CORPORATION of the CITY Of New-York and also all
sums which NAV hereafter he received from the State
of New York, or the United States, er the purpose
Of reimbursng the expenses incurred IN pursuance oil
this ordinance, hereby eolemnly pledged, and the
Controller is hereby authorized ana required 10
deem and cancel the sed bonds from time TO time, at
or before the maturity Of the same.
! The ordinance entitled An ordinance making
an appropriation in aid Of the families of yolrnteeis
from this city, serving in the defence of the National
Union" approved July IL, 1861 provides rs follows
/ SECTION L. For the payment OF eaii bonds, ana
the interest accrue upon the same the faith OF the
Corporation Of the City of New-YoIk, ana also all
which may hereafter be received from the state
OF New-York, or the United States for the purpose
of reiubursnp the expenses incurred in pursuance Of
this ordnance are hereby solemny pledged and the
Controller is hereby authorized and required TO re-
deem and cancel the said bonds from time TO tme at
OF before the maturity of the same.
In relation 10 these loans, 1t will readily be con-
ceded that they wholly Unauthorized except by
the unanimous voice OF our citizens. AZ the memo
rabe gathering at Union Square on Saturday, the
Goth day Of April 1861 they, influenced by the wide
spread indignation excited by the attack on Fort
Sumter, and recognizing tie necessity of lmmedi-
ately supporting the Government by all their re-
sources individual and municipal, irrespective Of the
legal restrictions binding in ordinary cases, did not
hesitate pledge their ALL III defense OF the uulon
1t is presumed that the Legislature will not hes
itate to egaZe the loans rendered necessary by the
extraordinary emergency. The city may also justly
expect that the National and State Governments
will promptly refund such portion of the expendi-
tures us il may be their duty respectively to bear
The residue must necessarily be borne by taxation
and included in the General Levy Of the coming
yesrr.
CENTRAL REHABILITATION.
From the foregoing statements, ii appears that the
estimated total amount required TO be appropriated
for the year 1862, il ss follows, viz:
For the support Of the City %
FoI the nSS S4 'sf Gy cy b:ii
two eIuaoI1insry loans above specihed.... 1851 80
TotsL.."..................... S51Vo5l3 30
Herewith there is submitted the draft Of en- ordi-
nance in the usual form for making appropriations
apreeably 10 the estimates. No provision has been
made for the compensation OF members OF the Com
mon Council for the reason that the same is not au
thorized by any existing law.
The tabular statement on page - shows In detail
the several general appropriations made III the years
1859, 1860. and 1861, and the estimates Of The Con-
troller Of the amounts required TO be appropriated
for similar purposes in 1862.
RECEIPTS.
Ia ed aunount of income the General
Fund, comprising all the revenues of tie Corpora
ton, exclusive Of those pledged TO the Sinking
Funds, and which applicable to general purpose,
detailed wv W
! AMOUNT TO BE RAISED BY TAXATION.
The estimated amount for which appropriations
required to be made @'7acna 80
/ The amount Of income applicable 10 the pay - 49,.
ment OF the Is estimated at........ $4,000 90
Estimated amount required to be raised by tax 3s2 73
To which there must be added such portion OF the
two extraordinary loans above mentioned as shall
not he reimbursed to the city.
1t has been the usual practice OF the Controller to
sprand TO his Annual Financial Estimates, for the
appfoval Of the Common Council, the draft Of law
authorizing the raising by tax of the required to
paw such appropriations But, inasmuch as the
REQUISITE authority is already possessed in respect to
many items embraced IN the estimates and the add
tjopal amount TO be raised will depend upon the ac
ton of the Common Council, 1t is thought advisable
in this to defer the preparation of the necessary
Tax Law until after the appropriations have been
made
The estimates now submitted are predicated upon
the existing ordinances and the statements furnished
by the heads of the several Departments, copies OF
which are hereto appended. II will be noticed that
the amounts proposed TO be provided under several
of the heads specified less than those called for
by the Departments. The Controller, after careful
consideration Of the subject does doubt that the
sums recommended by him are ample for all neces-
sary expenditures, and in view Of the existing con-
dton OF public AFFAIR." he is Of opinion that still fur
Their reductions may safely be made by the Common
Council.
During the last few weeks, the attention of the
people Of this city has been particularly directed to
the administration Of our municipal aiairs Frequent
and urgent appeals have been made TO the Controller
by citizens who feel deep interest in the prosperity
OF the city, to devise means by which the expenses
Of the Corporation may be reduced, without detri-
ment 10 the public welfare.
While the Controller acknowledges the justness Of
such appeals be conceives it to be due TO himself to
state that the power to accomplish TO any consdera
bic extent that most desirable object s not vested in
bis department. lie therefore eubmts the whole
subject to the Legislative Department, which alone
possesses authority TO determine the number ard fix
The compensation Of the officers, clerks and others,
and also TO furnish all supplies required to carry on
the City Government.
In conclusion the Controller desires TO avail him
self of this opportunity 10 call the attention of the
Common Council to the defects existing In the laws
relating 10 the assessment and collection OF taxes In
this city, and 10 renew the recommendation hereto
fore repeatedly made, thai the necessary steps be
taken To secure the changes therein, heretofore
pointed out by him. Respectfully submitted,
ROBT. r. IANS, Controller.
ISCOxI EsGted Receipts oJ ne COOPERATION oiheT than
fran Ters ozIi'eads @ he support q ne Cisy G0fe'n'
CoNHsfIoNs-For comnisfors chergeable upon
the Admui,tIaton Of Intestae Estates by the
Public Adniinistrat0r. iSee Rev. Stat Ill. 30