The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-01-02

The whole debt No. in fact secured by The entire prop
erty of The city, public and private and N my Judgmen,
the public stocks of the city and county s New York
The market value Of somo of these ssocks is below
The public seenrities of the United States yield
grescr Of interest," and exempt from local tara
q Tssrs has been q growing distrust In he manage
meat u eur municipal and codnty afars tiis disrst
You and must do all We can 70 rsmove and s us conn
Ecoa~ny IN administrator and Judicious manage
men Of city property and revenues wall mako our ssca-
rites popolar ~ they are sale
REAL srTsrS rnr orr.
have been unable Obtain any aocurats asteMent of
sSs esy. Sch ssscsassl bc~sssr, VII soos ss pro
pared. uDdsr the direction OF the Comptroller
Meanwhile, 10 view cf TIE present conparsiive high
under ,bs drscssN of the Commissioners Of NE sinhne
Sns Of n. rs. ss,sis o. he ey and d.
application Of the psccseds 70 the parthsse q the city
sseorsIes for The seeoans Of the snt'ss fond Such
b. rolIcuvd The undmprovsd r~si Yields
npea Il would ssn for large psioes IL would sfser
sidcrsS,y 70 he snosns q hrsSis properly and he
proceeds OF sales could enable The Commssonen OF the
sinking fsnd % purche.e vey ccosdso's amesn. 2.
Of those tecuri,ies would be considerably enhanced
am not prepared, a. some Of my prcdecessou hsve
pie and ferry frspoh becngins 70 the cty eeiiev
ing o. I do thsf The city should continue 70 o~n
control them, and tnai by Judtcsouf uAnaf~mehs
they oil be made 70 yield greatly ineresssd reve
nres.
The tar levy fc< 1895 amounted 70 the enormous sum
OF AIS 2oa pb2 bong nhy three per cent oD the as
scssed Valuation o the reel and personal properly ~ our
eItizens IA Ia proper however that sbould state That
from the bes, information can obtain while the rs's
taxation here higher than In the other large cuet
our country te valuation Of property Tor we pufpose
tasatlon. compared With its actual market vhue w
much lower here than IL 10 In those cities A. there
yery general impress that this enormous nr levy OF
1896 "a charreate altogether upon our county ana mum
cip,ai government and ~ thus impres'on erroneous,
have caused 10 be prepared statement showing ,he
amounts levied for state, city and county purpor.s te
speesfyey and how uuch Of this immense expenditure
has b>~n incurred By direction the State Legislature
and of the conmissous created by over when uei,hef
the Board OF Supervisors nor the Common ,ouneh nav
any confrol--how much " for expenss Minns out oi
and connected with the war, and bow much has been
Incurred directly by the Board Of ssrervsor and ~ ine
Common Council and Tor which they are Justly respon'
1 pble
| rbe following n the statement 10 which ask yoar
CAREFUL attention ard which will bope receive uc
| tbouthuul consideration of the ufpayer o. fev
i York
Tar leyy for year ises. SIS 2o3 st1
For The ~ She state s................. MOO
4 For the pcHcs, various ssyiums and support
/ of the county eovernment. ............. fT2c, 90
FOR the Boar of kdpcsflon, Puhik Chsr,ks
and Corr~euca kc., ard seppou of ihe
city gsverpnetf. .s.4s....... evz3i5V'
| Required ssv payment of apr prsucns ell cT5 sio
| IN aadson, the Board u ssg~fvsrs ars su.
! norAsd " xvy Uer osnt 60 The Ahosns