The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-10-13
NBW YORK STATE DEBT AND TAXATION.


Circuiar fron ConptreIler Rebfnssn.
Cosvr.ola.s os.'. Al.A.1. ocsoes.: lsss.
bounsss the aws = The last session Of the Las
Ssoss. "a ss esss. IL twelve yss Win
tsreat q seven per cont per snnum. payable ss.les
ns.y sor the purpose Of enabling ne people = ct
nonts arc pubIisheds-
me circular iasusd from this oes 70 shs Board = So
bs levied II pursusnos q the .ss ref referred Tor:
For schools, y or mll per Chapter 6SS Laws 1854
For genera purposes 23s mills PEI Chapter 10.
FOR canals x Of mill, per chs,.er Sc, Lava 1895.
For csnais, = 81 . mill, per Chapeer 21i, Laws 1852
For extension OF Chenaugo canal $40 u Q MILL ~
For Chsnpias canal, Ito Of miB per Chapter lss
,.yor Soan..ss, X Per can't, per Chapter q Laws
the Sounsss this Tenn viii b om.sd from tie tax s levy
ana circular directing It's omissoa Wall b issued fros
The advantage Of paying the debt at oncs wilbs .h.s
II will be paid In the Same currency In which t. uas
contraced this credit Of the stats will be restored "
paying high Of interest for twelve years and hsn
paying the principal ~ most probable In specie OF
ten or twelve millions OF dollars a. Originally estimated
IL would undoubtedly have been 70 pay 10 by n.
which would not exceeded hreeiOurhs Of ono pr
cent but II has gons up 10 twenty three million nine
hundred and sixty three thousand dollars and will pro-
badly be Increased 4 somewhat larger amount and -
and three psr cent This win To- svesy n hsoSS
amount to DO paid In single year II In thereforc.
submitted without the expression OF any opinion for
and pay with interest In twelve years. against tina
debt and pay the whole amount In one year. Chap,er
s25 Laws Of 1885, prescrbes the OF the ballots
DC used In voting upon this question
II the majority shall be against the debt then ths
whole tax will be ~ 1880 mills upon the dollar; IL
favor Of the debt the will be SO so mills upon tho
dollar
The assessed valuation or the State, fixed by
the Bosd Of Equalization. IL 81 $50 6S5 being
increase OF $40 $40 sos over the valuation oil 1864
he pertinent to add that the present debt OF the
State exclusive Of bounty bonds s including canal and
general fund debt SIS $50 So II has been reduced
since 1860 TO the extent OF nearly 81 OOO and wcd
be wholly cxtngushed within about ten years II tho
bounty debt should not be added 10 H. II that shall bs
approved estimating the amount nj $26 600 O00 the
total amount OF the State debt will DO SOL 63i 539 So
The canal have fallen OF largely during tbs
last fiscal year and fail to make the usual annual con
tbution Of $3.50 900 TO the general fund.- and render
heavy taxation necessary for the support Of the canals
The table appended hereto shows the aggregate vais
ton Of the real and personal estate each county for
the years 1854 and 1855 respectively II also shows in
one column, what will be the amount OF the tax upon
each county the debt shall he rejected and another
column what will be the amount If the debt shall be ap
proved LOCUS ROBINSON Comptroller
The aggregate valuation Of tho real and personal prop
erty OF the State 1864 81 500 ST. and in 1865
81 500 $40 6s5 The total tax for 1885 Is $34
emitting the bounty tax Tone and three quarters cenp
1t Is ST. $50 876 The following sthe valuation aud
ton in New York and the adjoining counties