New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-01-05
BRooKLYN's DEBT AND IMPROVEMENTS.


MESSAGE OF MAYOR HUNIER-rHE COMPLETION OF
TIE BRIDGE AND THE ABANDONMENT or WORK
| ON THE RESERVOIR ADVOCATED.
The Brooklyn Board Of Aldermen met yes
erday and elected jacob bergen President
VIM c. Dewitt was made Corporation Counsel. Tie
nomination OF Edward Rowe, Cornelius j. Bergen, ana
d. d. Whitney Park Commissioners vas referred 10
the Law Committee. The Mayors message was read to
tho Board. The sections relating to the city debt, the
abandonment Of work on tho reservoir the completion
of the bridge and charter amendments, will DO found
below:
The debt OF the City Of Brooklyn including all her
Obligations OF Whatever charaoter amounts to the sum
nj SIS O4g 80. o. tins amount, S1G5365 ~ secured bN
local assessments, and m1y he pUpI! stieu tempo
rary debt. WIN inc exception OF tuo "sstssncnrJ iIu
geher with the improvement OF Douglass and De2taw-
SIS no considerable portion OF these assessments -
Threatened Win dlstr Dance, eli her ny the Legislature
or tbs courts, and II believed that no ac passed s
Winter u defects supposed to exst In previous
eseton in regard to the boulevard and streets named
VIII render abOrge Tie proceedings aSls. lbOse par
tcmar Assess ents. TnIs portion VI The city dcht may
nrrfrs D., considered as reasonably secure OF hq"ida-
zion from local sources, and not hkciy III any great
measure to become charge upon tue city al IdIge'
gate have given have left as the funded or perua-
resonsIbe tue sum of S23l3 256 g. In relation tins
funded dcot should moreover Ue borne in mind that
amounting TO SloG.oCC0, does not increase our annual
axes but is met o. the water res e1ue. which 10 SUI
addition a gradually accommodating sinking iund TO
meet the principal of these bonds when they become
Attention is called 20 fact that there has been
Increase the dcbt since Dec 81 1919 "i So2' 10 o.
startling the increase OF the Guy debt
in each OF me three E1roeas years Wa ISL 81
Increase the year 10 l2..'.'.''''.''. i39i4ii 10
Iase.e m , The y year o2jio 81
T. III he farn Oosides that INC increase 1874 is
much less than the amount Of wafer bonds Issued caring
me wear Tor the construction OF the Hampstead keser-
yor and the extension UI the water supply alone There
isgu al
SOS during 1874 30 that durhg Tue pIst Year, NOT
wltnstandng the large expenditures on the DrluSc,
there bas been decrease In tnat portion OF the ely
debt which Increases oar taxes ana las Oh the e! io
final audation. st there should be noIucreAse what
ever OF the present debt Brooklyn owes enoug ana III
my Judgment the deot can DC Kept where Is Without
interference with the just needs oil the government anu
me neupIe and without any delay In tue construction
| of tue one grand enterprise we have now on hand:
Fran the figures aud experience OF tue last year. au
satisfied that we 90 ana Hi up our subscription
East River Bridge rapidly as may DC properly
reouired without any addition TO the vOlune OF our
ard obligations provided prevent the Inaugural
ton OF any costly new enterprise ana arrest OK prnu
,nres upo ones in relation To whlcn We neeu rest
Ieuus build the bridge without increasing Tue oept' n
plain statement will show now easiy 'iS o R 70 @
Basln $50 and for Boulevard purpose sioo both
these nere Of s23i CO0 or the $685.
honds issued during the past year, si9O were used or
19e EXPERIMENTATION for this work nearly
and tue wolK III condition to DO used ana testeu
VIC year Iand shall discuss that subject further
pnI we shall effect retIenchment Vi s6oSoV gu Tue
nj bonds tu 1874. In
m NV veto message OF Feb 49, 1874. think reduction
might al so be effected in the expenditures LOT wafer dis
,ont,an hut do not to press this point, for IL
% ha observed that by ceasing to work on the reservoir
m viii be in tue issue bonds In 1875 the following
| retrenchmeDs on 1874; sseooo
| I'm Kent
On Boue,aids -''''''''''''' ia9,VV0
ON fzfVoo
1868 900
| Id ,o th, the amount d last year Tor The o.
brdge. via. ''''''''''''''' o'1OOV
~ n,,de
Wa an all have this to expend on Inc DridBe