New-York tribune., 1871-06-30
Total0t

Dee a. have been made public for this year The
Dec sssts L ss ss safss 53sff
' Increase Increase Increase Increase Increase
% msniss n :' % moui t.. mou IN is' % nan la @ %
i5sS $50 sssas655 s2;2s4,se3 2l20eiS 51.l3l,I9s
Increase Increase Increase Increase Increase
IN last ou,s. in , Month: M IA: months. m t noaii. oltis
261O6cO sTT768 ll3e,So3 S43@ lOGh&s
Traction, Of dollars are not given above
There has been no necessity for adding dollar to the
citv or county debts since 1863 for the taxes
and annual income from various sources, called In the
accounts the General Fund.-" were sufficient II admin,
the expenses Of the city and county, as the following
figures show; - q, $50 l27 II
Assessments new Hst'..'''''''''"''''.'' S'.s1l IS
General flDd. N''"N
$I7a.s1I Is
1870 u not O they c'h give the p1ohe the -, r IS
accounts
Total mean. without resort 10 500 fs3sn
Tn. additions 10 and bonded City and County debt - .
ouDs 19ss ..DassS .Rs ss the two s.rs i
As' ss aboSe tables Include only the funded and bonded
debt OF the city and county How large the floating
debt now is our city rulers refuse to disclose. We know
soidated Debt Acs which authorize the issue OF long
bonds the whole debt of the city and county, and
Act" staying Judgment against the city has saved the
city and county treasury this year from bankruptcy.
This floating debt in 1868 large that the revenue
OF the year 1859 had 10 be anticipated 20 meet IT, In 1870
for like purpose, oOOOo Of these bonds were issged
and all upon claims adjusted and paid by ana through
one and the MANTLE Controller In SOUND hscdi
svstem one officer adjusts claims and another pays
them From the weakness OF human nature IL IL not
deemed wise, expedient for the government OF any
great city to allow the same officer To ADJUST
Claim who is to pay it, lest he may be tempted by share
of the money TO conspire with the claimant and allow
an unjust claim. But in our city In 1853 ana 1910 single
officer the Controller adjusted and paid by adding
much 10 the permanent debt, S2O0OO0 OF claims There
were many millions OF floating claims against the county
I'm Apri 1570caims that the holders ala not Wish 10
submit 10 judicial investigation. BY section OF chapter
9so law OF 1870 scrutiny OF The courts avoided
and the Mayor Controller aud the then President OF the
Roard OF supervisors, authorized Ia andit these
claims and the Controller TO pay them by revenue bonds
payable in 1871 taxpayers were so lllmanneTed
a To alege that these claims were owned or controlled
nv the friends OF the three adusters But the public
~ again put of with explanations upon this matter.
In one yedr these three gentlemen with eommendable
diligence and silence audited and paid s63l2Gi 81 OF
these claims against the county, ana IN so doing absorbed
in advance the county revenues or tins year.
Our city rulers officially admit the funded and
bonded debt that te 10 have been S800O0 in
addition 10 this is the floating debt. They officially adj
NIT that in the last - months they have added s50l3
I 6 10 the city and county funded and bonded debt be-
sides thefostng debt They admit officially that In the
last months they have added $40 $4,000 81 To the city
and county funded and bonded debt and this
the debt the last months, in 80 years they would
swallow up in debt whole estate and 81 ,396,
Until four city rulers produce their accounts and
vouchers and deliver TO the public the regular quarterly
reports OF the Auditor for the last IS months showing
ckoDl. ghen and for pIdt they paid the four millions
month spent by them in that period payers and the
public creditors avoid the belief that large part
OF it was stoen-traitorously stolen.