The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-07-02

REMARKS CONTROLLER CONNOLLY.
II will be by attentive perusal Of the foregoing
that portion of the expenditures which have been
added by State authority 10 the original estimates might
have been omitted, at leas; for the present
It would seem that there ought to be some limit to
taxation and the Comptroller takes this occasion to ex-
press the hope tnat the Constitutional Convention now
in session. will devise more economical method Of
maintaining our city and county governments.
There can be DO just for an increase Of nearly
five million dollars upon the already taxed people
of this city and county, in single year, wrung as it
must be from the hard earnings Of the aboring
The Comptroller would agan urge upon the Board Of
the exercise Of the utmost vigilance and
prudence In every item Of expenditure under their
troll and embraced in the Tax Levy for tho year 1857
New resources Of revenue should be sought out; all
poses sold general effort made 10 put stop every
species Of extravagance in the expenditure OF public
moneys. and new barriers thrown around the public
Unless this is done, notwithstanding the large 70.
Of the city aud county OF New York. there is
DANGER amid tho multitude Of boards and commissions
without any direct responsibility TO its municipal
thoriies that our local government may become seri
ously embarrassed In the administration Of its financial
The Comptroller cannot close this statement without
making earnest appeal through the Board OF Super
visors TO oil boards and commissions authorized 70
disburse the public moneys, TO exercise the greatest
prudence and economy In al expenditures with which
Tue Commissioners OF Public Charities and Correction
have obtained leg slavs authority TO expend 100000
for the purchase 81 s and ne erection s OF oadng
troler Is OF opinion, in view Of the high price Of real
estate, that this enterprise should 10 deayo until
reasonable terms be obained and suitable building
rented or leased tor their present accommodation.
The justice a. we'll - feasibility OF taxing the whole
property OF the people OF this county 10 defray The
expense Of archng the deep cut the Fourth avenue
Yorkvlle il seriously doubted; and In the opinion
Of the Comptroller ell such expenditures should be
delayed until the financial condition Of the treasury ID
better able TO bear these heavy drafts upon II ~
The Comptroller would further direct attention Of
the Board Of supervisors 70 the large amount authorized
BY the Legislature to repave Broadway $500 000 and
creating . special commission thsrefor-a measure IL
would seem, Of doubtful utility view Of tbs present
the labor and capital Of the people OF this county.
grand total Of the upon the property Of the
county for the year 1867 will be by reference
the details n tbs statement viii nearly reach the start,
raised and discreety discussed il financial problem
which must be solved by those who charged with
this delicate and highly important duty imposed upon
them by tho charter and other lava However difficult
OF execution these high trusts may be- the Comptroller
does not propose TO avoid responsibility which justly
attaches TO t1e Office but 10 discharge TO the best Of his
ability every duty which the laws and ordinances In
pose upon the Department or Finance.
The Comptroller would also state for the Information
Of the Board Of Supervisors the yearly in
stament say $500 0OO Of the bonds issued the pay
ment Of taxes, decided BY the courts 70 have been
uniawfuy collected from the banks and insurances
companies falls due the LIST OF November next The
whole amount Of bonds for this purpose will probably
be 81, SOC, 600 payable In Ave annual instruments
The Volunteer Soldiers Bounty Fund Redemption
Bonds Of the city, amounting 70 100000, also fail due
the LIST Of November.
These loans making together aggregate Of nearly
81 600 OF debt SPECIAL obj cts be provided
tend to augment the already largo amount required 10
be raised by tax the present year. II necessary how
that the bonds above. be provided for Ia tho
tax Of 1857 and paid At maturity, and the credit and
furnished honor Of financial engagements maintained
unimpairsd. Respectfully submitted,
RICHARD B. CONNOLLY, Comptroller.