The sun. [volume] (New York [N.Y.]) 1833-1916, 1870-02-26
RING MANAGEMENT OF CITY FL
NINCES.

Interest on Deposits of Public Money.
To tie Editor OF The sun.
SIR: Comptroller Connolly mentioned in his 40
nual City report fer 1861 page IS that the amount re
ceved from the City Chamberlain for interest on Dc
public deposits was credited on the books kept
his Office TO account entitled "Interes on depe~
It's" lie also stated as fellows: 1.-THE pFesfl
ChamI erlain, Peter b. Sweeny, ESQ, GnnouDc'i
during the latter rart of tho year 1861, through a'
public prcss. thai 1t lis determination to depo'
in the Treasury the benefit OF the city, all prof.
realized by him as custodian OF the public noAep
after dcductng the expense OF manhattan, his o.
Gee" Acting upon such determination the follJSg
amounts were deposited in 1871; ..,.
bee ii iproats 10 NoyenOerj ...,....,...,..... va
ro,al....................................s 5l@s
which appears In tho account Of receipts " "
General Fund. page 10. Tho ComDtr1ler adds %
the above that " the revenues nom tins source az
estimated n upward OF SlO0,O00 rer wear. Rolor,
1857, PAGE ~. The Comptroller's Guy Budget TO-
the wear 1868, page 10. siatcs the estimated anoli
OF income Cor interest on deposits IN bands VI f
city Chamberlain, Of moneys belonging 10 ps
CITY and County lroasuN.' during ilo yelf lS,
at 100000. The Comouoller's annual eiti r,poks'
1865 page II, shows the amount accounted "
'iptcrcst On deposits" In that year u be d.
OSa.g2, which Is the amount credited 10 Fm.S
Fund on page ID OF said report. iod
The City Budget tor 1864, y II, states Tie es'n
posts in lhO9 at $NJOJl.
What the actual rtc'ipts were from TINS source 70
1859 has not yet been reported by The Con plrIh,L
In the absence full onicil IL "a, the aosull TS'
receipts OF the Chamberlain 'or interest on "
MONEYS In his hands, under his control .
estimated US follows:
Year 1857. average am1rnt of deposits. inc nifg
cmrloyed balances belonging to tao slhAhg fuS"
In,a 81 y"ySoS at say q, per cont tvrc ute eos
readily DC obtained from Savings b~-A' - ''-'
A,n,pt.t nj t,tetsst 0n1 0
Year iSsS, sane "a ahnvc....,..... la5on a. .r
Year ls6l. same "a above. iS5,ON " t'9"N
Deduct amounts paid over, viz.
Year lax Ss as s a5oyS s,ssd ~ 5e
YearlN9, not vet reported, e. e. - ,s,ns =
mated same as In 'Gs............. 79oss d '"fs'
Estimated amount gone where the woodbiae q, e.
tNineth' 49,
During the three yenrs above mentioned. We
Chamberlain has received the followln1 eii' ~
salaries and allowances besides the amounts 'ed.
ing Tor interest on loans of the public money IN g
| cess of tic amounts PAID over by him;
Year is1-Fees from city per chap sN laws O. ,,t
Ycsg lsfi = ees from county ......... M
Salary OF the Commissioners, OF tne saA@i ~
Fund. .,.,...,.'.','''''''''''''''' "
,no,r, :, 1877 ........................... ta~
Year i.s-Fees from city, per chap ~. "S' q 90 T
Year is6i-;fGes iroa county, Ger chap ~ ""' 40,
salary as Sink ~ Fund COMMITS. onsr..,.... ~
Salary As Commissioner on opealAs u''h street,
.onu,,,, sss ...... El.
| Amount IN lhoH.
| Year lSg-Fees from city. per chan. 20 i"N' w,OB,
Y59r 6aj.f &c. nom t;o;aajii, per daa No. NV no.
OF q
Salary as sinking Fund Commis,loucr. ...- ~
Estimated amount In lSs....,....''. ''... ~
| HEcArIruLATIoS sry
Year rN7-Amount ~ All ....,...,....'. -.
| NCwr lstS- Amount US aboNc.,,.,,, $4,000. W4i
| ear lsOJ-kstImGted as aboNc.,,,'''.''''.'.
Total y
| Ii is presumed that there may ht oi,' AZ.
realised by the Chamberlain "mcA' Do. VI ". IA .s
lie announcement mddl hy tult uft!s "'i' "
depu sltcd Tor the hCntut ot the CITY. ,..,.,1fl
| But the above viii sulicc torh'" |"' ''
pald over are not 80 lr,, ~ 49, uipV. .''" .t,,rl
In view Of the alb 81 exhibit ~ '- , Al ~
whether the Leg,slaturn cnuot dcy7' '..'' pp.ff5-
| which the interest ucgtgiuS ou lac D'f ~ ~.
nnr.. can an be accounted Tor a.d fHI ',..
Why not appoiut onr or more of ouT 'r" 'i,-
to lerfOrm the lnanv nj dut-r "I 'tt r.o 'l.
| and thereby save not uul. me ''n'' ~. ..flr
| HIM hut also the interest on the uH"'t ''.. Al