New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1868-01-08
RETENUES or THE CITY.
LETTER FROM THE CONTROLLER TO THE MAYOR.
CITY OF NEwYoRK, DEPARTMENT OF FINANCE,(
CONTROLLERS OFFICE. Jan. 2, 1865. )
X1rL. IILA-I- lILtLLlc

LETTER FROM THE CONTROLLER TO THE MAYOR.
CITY OF NEwYoRK, DEPARTMENT or FiNANcE'
CONTROLLERS OFFICE, Jan. 2, 1905.
To me Hon john 7. HOFFMAN, Mayor.
SIR: In submitting for your information an
abstract Of the operations Of tho Department Of Finance
for the year 1861 as compared with the year 1906 II seems
Appropriate to direct attention 10 OF tho
which the Controller has deemed II expedent 10 adopt
for the purpose of increasing the revenues OF the city
In the annual report which the Controller submitted TO
the Common Council In the month Of May last exhibiting
the receipts and expenditures OF the CITY Government
including the operations OF the several Trust and Sinking
Funds the year 1906 he respectfully recommended the
sale of the market property ana All other Iea estate be-
longing to the Corporation not necessary for public pur
The Controller ia gratfed in being able 10 state that
this recommendation wa III part carried INTO eject NJ
der the direction OF the Commissioners OF the Sinking
Fund.- by whose authority large amounts on Tue feaI es
belonging to the city were sold at public auction, In
These sales were attended with most gratifying re-
suits fully demonstrated the wisdom OF the measure
ing Fund a large amount OF money which otherwise
would have yielded little revenue. The amount Of
sales of October s7OSs5O, making total of 81 $780,
elusive Of the OF S 900 bid for property ut such
sales which purchasers have failed TO make appca
Another measure instituted by the Controller, with the
view Of augmenting the OF tho sinking Fund.-
was that OF increasing the rents OF stands and stalls
in the public markets Tin some instances more than
double the amount formerly received by the city from
that source which has been aequiesced III cheerfuy by
all engaged In market trathc The collections Iom This
market wagOns those OF 1866 were as follows Re
cepts Of market rents and fees Tor 1851 se9e NJ re-
a net Increase from this source OF $4,000 "a.
BY referring the details which accompany this state
meit it will be that the increase of the
growing Of the several measures recommended by
The Controller amounts 10 large sum, which Is available
Inv the Commissioners OF the Sinking Fund for investment
on account Redemption Of the City Debt or transfer
able TO the General Fund" for the dimnuton Of the
taxes OF the city, in accordance with the oct OF the Legs
lature, chapter 163, Laws OF 1862.
The Controller has exercised the power which the
charter and the confer upon him the head Of the
Department OF Finance TO increase the revenue OF the
corporation every available point, and feels gratied
in being able to state efforts have been rewarded
with success.
The recent important decision OF the Court OF Appeals
recognizing and restoring the ancient chartered rights OF
the city the Mayor in the matter OF granting licenses
when considered in connection with the fact that the
whole subject OF our municipal rights formed the chief IL
the only point Of discussion during recent charter
election together with the unexamped unanimty with
which you reelected the MayOray should set at
all doubts as 70 the determination OF the people OF
this city, acting in harmony with the decision OF the
highest Court in the State to maintain involae their
chartered rights and privileges Very respectfully your
obedient servant, RICHARD e. CONNOLLY, Controller.