The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-01-08
NEW YORK HERALD TUESDAY JANUARY lss7rRIPLE SHEET


DEN lccc.ns
The Commissioners OF Sinking Fund hold So
curities TO amount OF. $50, 021 6ST
CAsh .................. oiz,9il
And the Comptroller holds bonds and mort
cages which, when paid, will be credited 70
this fund, amounting TO- u OOl $50
am dad % state that not. shst.nains hs fsc. thai
the securities Of the United States government are SO
that they exempt from local taxation the six per
stocks and bonds or the city Of New York readily
command par and tie seven per cents very considers
BILE premium
. snAI .s.An or THE CITY.
| In my last annual message ] recommended sale Of
Commissioners Of the sinking Fund acted promptly
upon my suggestion. end ordered the sale Of large
Tire: hundred and ayavs parcels v.rs sold tes q:
Purchasers did not apply FOR nine Of ,hs..
lots, tho price ce which amounted to...... lA.sOo
Leaving no. amour. q ..lss, s2oa4sss
boon completed amounting 70 the sum OF All OTIS
Which has been paid - follows. viz
an Ss Z, oas a 80
all for account cf The sinking fani
Objections have bsen made 70 the title % the remain
Ing 0 rs ssa ,s ssd o1 sss and On
objections believed, will be for the most part 70
moved ~
Tho tax levy for 1860 was ole, $50, 7e7, being
81 25 sl less than that Of 1895 The rats Of TAXATION
sss VA, e % ~ svs :oe y 1899 only e
alton Of real estate Of sara esl and Of peonai
tate $9S5 pa making total Of ooe. lis
well known that our real estate ID assessed only
general rule at but little moro than half s market
vsue, and that immense amount Of the personal pro-
assessment would have no doubt reduce Tie rate Of
taxation at least 0nehRlE
rnx RATES or TAXATION N OTHER c4rrs
ma IA n khYnR In hio
fact and 70 learn in addition TO IT, that unnecessarily
high as the rate Of taxation here 1t compares most
favorably with that Of other cities In and out Of the
State
In BOSTON, Mass, where real estate Is assessed its
full maket value and where verified detailed statements
OF personal property made by the taxpayers the
the rate Of tax Is 81 80 so that taking into
consideration the assessed valuation OF property the rate
IL high, II not higher, than In Philadelphia,
whore assessed valuations are lower than here the rate
Of tax is 81 per hundred on real estate and thirty cents
personal estate. In Brooklyn 1t is So Al; In Roohes
ter SIS 3d. in Utoa, S. 6l in Albany, % 70; In SYRIA
cnsc S. rs in Troy for municipal purposes only in ad
dtipn TO the State and county tax, 81 so have mot
been able to obtain information from the other cities
time for this message.
These comparisons are suggestive They should not be
overlooked by those Of the people aud that portion of
press whose continual assaults upon our city and
public tsnd TO create the impression abroad
that this city OF ours 10 the pIague spo Of tho coun
try. That the standard Of many men In public life
is low enough, and that whole system Of local gov
than they should be- freely admit But as long as our
securities sell at premium and Lave the most costly
parks the greatest % s the most Liberal public
system OF FREQ schools IN the country and rate OF
ton lower than that Of our neghbors the people, amid
all thor complaints and causes OF complaints may and
should lind 10 tho facts stated some grounds for con-
graduation.
This amounted, rs have stated, to $lo.a50,y67.
The following statement will show che purposes Tor
FOR its expenditure sap invite the careful Attention Of
yourselves and the taxpayers to Its Details
Tax levy for the year 1885,. .$lo o5O 7o1
For the following purposes, viz
For the the pol poss, Board q Health various aay
lums and support OF tho county government 621l 4O5
For Board Of Education, Public Charities and
Correction, So, &c., and support Of the
city government.' ............s........ 8,4S1.26I
Required for payment q appropriations sie sl2
In addition the Board or Supervisors are au-
thor,sed 70 levy thrss per can't on the
smouDt q az reqais,sd lIA.s g isSs oh.e
-,oheous assessmcnta msolvencies, &c. The ", =
amount isvied for this purpose u iSes was sis.9ss
~ &. - ~ N. s..' y. y. - siaps0.1 sI I
Erpsnsss under The CsWvog of Ael Nde Awhovihes. FL
csn@Su r sSnCo!s fc 81 ss.sS .x q $500
saisa:.o - d cSssssss canal sic Of mil. iyss
OhampIain canal lilo Of mill. ............ 022Se
s2.O0a.e4s
Epenss Controlled BY Csnmis.ioms Ssdsr Special Acs ~
For support Of tho Metropolitan Po-
For V oons. ,u s Of Harlem bridge. iss.sss
For Commissioner Of Rscosd.;";;.. 1922
For College Of the City Of New York $1,000
nv Entersa on the County, Var ard Riot DsH
Interest on riot damages Indemnity
I. sssss, on bounty bonds; $3.50: ss:ss.
ESr halerss on ne Csumlv DeN
In.srs.. on Harlem bridge tond:... 2l,tes
Interest on on cou.. HoIs stock. Ss.ccs
General Expenses cftAs Cesnty, ~:
SAiaries-Legslstivo ............. $4,000
Saaries--Executive .............. 1AGS
salArics-Judicary.. ............. $500
Erection Of new Court House. 49,. soooos
Armories and drill rooms. ......... $1,000
Miscellaneous items. .............. Ss2,ooo
The various ssylums, the Childron's
Aid Society and Institution for the
Blind. ACKNOWLEDGEMENTS. loosss
el,yN.ys0
Deduct revenues OF the county nos "a
otherwise specifically svpropn-
atsd BY iaw..................... 19o.Ds
1,6SI, 3SA
Tax levied for county purposes. ,sTi, eos
ASAIysn or rAx FOR orr PURPOSES.
Expenses Of Various Boards and Cbnmssicss and &peiat
Appropriations " fhe LsGkG0hva
Board Of Commissioners OF Central
In.srssi on the Central p.rl ass;.. SaS4
Metropolitan Fro DePartmeut.,... sTaOo0 IS. 81
Metropolitan Police, In addition 70 ~,
amount on county account 49,. :. 1Ol 100
Public charities and coucction..... 1,007,sSV
Public instruction, 81, Asa, s21, iess
school money received from
State, e242,2 ................. aTz,Wg
laying out the city north OF One
Hundred and Fifty-afth street,. 1900
Sundry additions by the Legis.
' ',.''.'..'...''.''...'. les. sorsos
For rnk1ea ne Cyfv War Debt
Interest on bonds issued 10 procure
funds for aiding families whose
husbands dependents served Ia
the war;. vzJS.TSA
Interest on bounty bonds. 5000
SO.I......::.:.:.........:....:..... ssss,lss
FIR lntres ~ th> Csty De6k
Interest on various city stocks ox-
elusive Of the Central Park stock e1oSo70
Interest sa city revsnus bonds..... ao0,OOe