The New York herald., 1862-03-11

The appropriation for stationery and blank books
increased to $40 600 for repairing and cleaning to
$50 600 repairing and repairs to 500
The Of 900 was inserted for the Improvement Of
pavement Broadway The appropriation for supplies
for cleaning OF public Offices inceased to $78
for water pipes and laying to for wharvas piers
aud slips to s2s515O The sum of $25 900 was inserted
| for building and repairing wells and pumps.
The whole tax levy as amended was adopted ana the
| BOARD OF COUNCILMEN.
| THE NECESSITY FOR IRON CLAD vEssELs-IMPoRT.
| ANT FINANCIAL REPORT OF THE COMPTROLLER
THE GRAFTON OF HON. GEORGE BANCROFT ON
! wAsHINGTON's BIRTH DAY, ETC.
The Board OF Councmen met last evening, the Presi
dent Charles C. Pnckney the chair and quorum Of
members present.
The minutes Of the ast meeting having been read and
Councilman TRorrER offered the following resolution
| which was unanimously adopted -
Roads Il S uiv demonstrated that iron Clad vesseIs sre
absolutely necessary for the protection not only of such
open harbors the port of New York. but for that Of
| commercial marine generally; therefore,
Resolved That this Common Council will hail with
lively satisfaction such action OF the national govern
has reference to the immediate construction and
equipment Of iron clad batteries and other vessels Of
| war.
| coxrrRolER's STATEMENT
The following important statement was received from
the Comptroller and referred to tho Committee on Fl
| CRY NEW YORK, DEPARTMENT OF FIyANcE,)
CoMpTRoILER's OFFICE, March 10, 1852
| GENTLEMEN OF THE COMMON Council -
honorable bodies from this department during tho last
ahree years the rapid increase in the amount Of the
annual has repeatedly been noticed and divers sug
gesons made for the purpose OF endeavorng to check
the same.
In some remarks in relation to the revenues" CON
tained in the Comprollers Annual Report for the year
1860 after giving brief history of tho sinking
funds Of the CORPORATION, it stated follows =
Sort
S"sy maze s"p pase
this to have been of the objects view the beneficial
The annual expenses have contin"a increased and the
plans which h: official dHy The
and better managemeni Of the public haye
branches Of the municipal government devsing
OF Sc the
highly Prssd as aordng the means for the
practice depend almost entirely upon direct
m In s% Of o the 0Ganu1 the
the increase il the valuation taxable property and
be wise TO pause and consider the endencyof the
@ o aes % at onS
otherwise than by taxation, well materially
The Comptroller oss constrained express his regret
that these sub ects, which in his judgment Of the
first Importance should have failed for another year
tho serious consideration OF the Common Council
In his communication to your honorable bodies under
date of December g. 1881 submitting his estimates OF the
appropriations required be made for the year 1862
(Board of Councilmen Doc. No OF 1861 page 16) the
following paragraph occurs
sns ordinances the furnished by
Il @ noticed ha The
% Of hs specified les, s1
careful consideration OF the subject does not doubt that
.as IN View condition Of public
be- s ny Ds Ss
weeks the OF the people Of this city has been par
S" sSars Fresuen ursen, appeals made
S o her, tier IN ss
OF the Corpnsuon my ne re feoHcea Without oetrment 20
the business appeals, he 4
his department He therefore submits the whole subject
the number and fix the Of the ON
being highly pobibls that the amount required to
be raised for all purposes in 1852 including the United
States Property and Taxes will exceed that OF
any previous year. the Comptroller has been anxious to
discover means Of dofraying portion of the
| pcDses otherwise than by taxation.
| II may perhaps, bo remembered that the ordinance
passed in 1874 creating the sinking fund for the payment
| OF interest tho city debt, did not
| template, and therefore contained no provision
for the disposal of any surplus that might
arise from the revenues pledged to that fund over
and beyond the amount of interest payable thererom
The ACT chapter 225 Of the Laws OF 1915, entitled Gan
act creating public fund or stock in the city Of New
York. 10 be called 'the Croton Water Stock and rcla
70 the sinking fund Of said city" provided fol-
Sec s. The ordinance approved of by the
Mayor Of said c on the day Of February
s
S r. % o. Ss ys1 Il %
said sinking fund shall be amended without the consent
apart and appropratng and for the purpose
sink ing fund additional revenue whenever the said the
the said shall remain in full force until the whole
s
On assuming the duties OF his office the FIRST OF
constant increase in the revenues Of said fund, and
gradual decrease in the amount Of interest payable there
from there had accumulated surplus Of $3.50 6a4 H.
In relation 10 this sdfpue, the Comptroler's Annua!
Report 1858 Board Of Aldermen Document No 29 Of
1859. page 13), contained the following =.
view of the fact that the pledged to the sinking
ET ses Il p ss SsG
sS & oTss o n: Rs sasna had nns %.s
power 70 invest permanently the Comrroier made ap
90 % ss tsssssls ass as
said surplus to the sinking fund for the redemption Of sh'
FaSsdIae. Fand also TO transfer and jnyest ike
sss ss. '%TSr' g% :''ss %, psasa
sp % c sus q This @ ~s; n
n s fsa % y Of en ~
as isiJsnuary sss to the sinking fund for the redemp
ton Of said debt thus Increasing the ca,al Of the
'" Tue act above referred to provided es follows -
Sec o. On the last day Of December IN each and ever
Of Interest on said city debt che psymen
re- ofvs % he S Srns s s ss
ferred to the sinking fund FOR the redemption Of the cit
Of said hereby required po 10
vest the surplus transferred in the manner
sSsas iuad or The Of the debt
statement appended hereto s shows .,s IN detail tn
expenditures thcrerom; aso the amount OF surplus
nualy transferred 10 the <ng fund for the redemption
the city debt to Decen oer 81, 1891 Of which the fol
| lowing Is a summary -
| For interest
| city Fv e1
| Y,ar R,yeuuss Densss TokpI