New-York daily tribune., 1866-01-03

Total 81. .265 go 80
Temporary cry Debt.
Revouue Bonds OF 1868, issued in anticpa. -
tion of collection OF taxes Of ls65. ....:. u, Oo oco
Street Improvement Fund Bonds issued TO
nav contractors for improving the streets,
in anticipation Cf the collection OF assess ..o,,o
therefor joi',-VD
Assessment Fund Bonds issued TO pay for
opening. widening. &c. Of streets, Iu an
ticipaiion OF the collection oi assessments -.
therefor f"V''VV
Total Temporary Debt of City :..-.. s3'7S'~o
T,rpOTGry Comfy Deh.
Revcure B0rds OF lo6a issued IN Gnticipa' ..
ton Of collection taxes of 1863 .-...---- 9o',JO
'''1P''"'a''o" 1''y,', s7a6,ooO
conntv ............. 967, 800
Total temporary Debt City and County si69J 200
have deemed this statement important IN order tnat
the people oi this city and State ngh' see AZ Rancc,
and understand Just what the debt Is ana the purposes
for which il has been created and how 1t is divided
TIE limits Of this communication viii not permit me 10
speak more particularly OF ITS details Large ar this
debt appears itis amply secured The interest on 80
much OF it pay able from the sinking Fund Is more
than met by the especially act apart for that
purpOse These revenues Weld large ANIMAL surplus.
portion OF which by law /. annually transferred To the
General Fund" and calculation has shown that the
Accommodations of the sinking Fund VIII he ample to pay
the principal Of the debt long before It's maturity.
lie whole debt Is in fact secured by the entire
property of the city public and private. and. In my
Judgment the world offers no better security iOr invest
meut than the public stooSs of the City and County oil
Tie market value Of some of these stocks is below
par. THIS is aur butable 10 two causes:
FrI The public securities OF the united States
WELD greater rate Of interest aud are exempt from
local taxation; and.
Second. There has been a growing distrust in the
management OF our Municipal and County affairs This
distIust you and l must do all we can TO remove
and LEI confidently hope for success in our efforts
Economy in administration aud juiicious manage
of city property and revenues viii make our So
, CuTltcs popular they safe
ZEAL EsTATK OF THK CITY.
have been unable 10 obtain any accurate statement
of the real estate Improved aud unmproVcd) belonging
to the city Such st ement. however, VIII soon De
prepared under the direction of tie Controller.
Meanwhile in view of thu present comparative hlgh
prices of unimpr0ved rea estate and the present low
prices Of city securities would suggest the piopriey
under the direction Of the Comm ssoners of the slnk
in9 Fund judciOus sale AZ pubic auction OF IsrHe
ortions of the unmprOved real estate OF the civ, nud
The application Of the proceeds TO The purchase oi 'ne
city securities for the Of SINKING Fund Such
course seems 20 ne euiDenty proper. ard hope IL
will be followed The unimproyed real estate yields no
revenues II would sell for large prices II would
after passing into private hands he Improved ana hnd
considerably the amount Of taxable property anu Tue
proceeds Of sales would enable the Commissioners oil
the Sinking Fund " purchase a very conslderhhle
amount Of the city secufiies AT the same time the
market yaGe of those securities would be considerably
enhanced
lam not prepared t. some of my predecessors have
done, to recommend the sale OF the m"Ikets wntVes
piers aud ferry franchises belonging to the ci' De
icvinr as I do. that the city should continue TO
own and control them. and that by jndcion' msnaee
ment they all be mode 20 yield great! hcreaseu
revenues.
TAXES.
The tax levy FOR 1865 amounted to the enormous sum
Of ss 2J3 952 &C. being nearly three per cent on The
assessed valuation Of the real ana personal property o
our ciizens II Is proper: h1Devcr that should 1atc
that from tie best Information mat can oDaih. "nHe
lie rate Of taxation here higher than In the other
4rge cities Of country, the Valuation oil property
for the purpose of taxation. compared with Is Heiua
r orko yqie is much lower here than IN those cilcs
10
mos. tax Jew of -6J il chargeabe altogether upon our
county and municipal government ana as this iinpr.s
soa is erroleou-. hp'c caused to be prepared s'ate
inen showing tie amounts levied for state, cry ana
couuiv purposes respectively and bow much oi tls
immense expenditure has been incurred by tbe direction
Of tue State Legislature AMI OF the >omniohs cf'ateu
ty il (oyer which neither the Boar 81 SUPERVISORS nor
/ ire Common Council have any cObToD; BOW mnch ~
for expenses arising ont OF aud connected WIN he w"
and much has been incurred dHrcty Dy the ioaiu
of Supcgg and by the Common ,"hhcl ana LOT
| which they are jn-tly responsible. ~
/ The following ~ the statement to "hleh ask your
careful attention and which will. hope. receive the
thoughtful consideration Of the tax payers o! Ne"-i OK
TAXATION leC5.
Tax ryr for year N5''2 60
Tor b. following purposes viz
}. toq ihcuse oi the State .i02f,ODO -
-. For the police. yarou.
hsyuus. 8nd support Of ...-
tic county government. 4f@FV -
3 I1i the B0aid OF Edu'
b Gallon Public thariiics.
Correction. Sc, and
support Of the city gov e.
D eminent ...------...--.- ~" !"
Required fr payment Of
euUrOrfi lOlis. --..---. !',"'Jht" ~
In addition t.0 HoUd Of
3 ~vurf, isoT- are author
. Ilod 20 levy three per
cent ou the amount OF
INK required DAVIS ls6l.
chop .!'B see. ~ t0c0y
er io.vss arising from
: erroneous assessments,
i insOit e4rics, &c. &c.
The auount levied for .ooo o., %
T this purlose IN lroD WAS 50 l42 s-sIe'-oJ'"< GU
AVAINsir or TAX IOB sTATE PUBPost
Tyuer..s under control OF the State authorities;
Common schools FOL state,
! Of anil ...........-.- tfJ2.OOJ II
General purposes, ]. of -
MIL. i-V,bN "
! General purposes tdeh. - 49,
cieGcv) ! Of MILL. 2ss,VU W
| Rouuii"s, 1850 Of o mill l,lJD. 800 ~
! Canals Of a mill........ lH.W0 W
J Extension 0f Chenango
Canal BIC OF q mill lO.,OD "
Chaniplain Canal l-l0 OF
( mil!........-....-.--. 17.6O w
Genesee Valley Canal.ilb
| al q mill. .........-...... 1o,UV VI
Albany and Susquebanns ..o
Enilroad 3iG Of q mill l0e,H0 U
a. roies es s''u ''' ''"'V r"' s30a4O0o o5
ANALYSIS or TAX POR COUNTY fUHPOsEo
Eyyea.fs eotroed BY Comis,ons under sr,eaI se. ej
! the Lesisio,arn
| For the support OF the
| Metropolitan Police in
this county. ............. s22il.56e5s
Expenses connected with
| the census. l66J........ JO.WO w
Construction OF Harlem a.. .o. n,o o..
Bridge. ge.-.--....--...--- XJo,4v< w e-',soo'" y"
| FOR iri,rsa on Ms County. Rar. and Riot Desf.
Interest on riot damages