The sun. [volume] (New York [N.Y.]) 1833-1916, 1875-09-22
Tic Trick, OF tAc DrooLlyn Ring.

Tho condition II Brooklyn is not one to
encourage the city, honest Guancic.s.
Only Sljt909 /, IN the treasury TO pay Ocio-
ber's and Novcmbrr's bills Til Is AN that
remains Of what has been collected of the
tax levy OF 's.0O0Oa0 for the year. Money
Will probably have to be borrowed to keep
the wheels OF tie city government moving.
and that debt Incurred will need 10 he pro-
vidcd for in next years tax levy. which is
likely 10 be al least nine millions. besides
one million for water taxes one million
for local assessments, ANA about 81, 10000
for average increase Of debt. This will
put the tax levy for next year ut some
whore about slj,Oo0,CO0. The city asses
sors valuation of propcrty-ovcI thirty
millions more than the state assessmeut-
was for 1870 y23,00O,O00. The taxes to be
levied next year will therefore be about
seven per cent of tins large valuation,
which i sixty per cent OF the fun value of
the property against the forty-thrce per
rent. of the state asscssoIs.
When the fact is borne in m nd that
l5,el0 hoV-cs and lots have been unable 10
pay the taxes assessed urou them durng
ne present year. we -hall ct some idea of
what the state OF thing viii le next year
with an increased tax levy. The Brooklyn
Ring have got affairs TO a pass where the
citizons alc forced 10 take copnizanCe Of
them. Thcy M" uakinG the people feel
in their pockets the blessings OF Ring rule.
That fEo Ci;y treasury would eventually
be reduced 20 it, present condition of
emptiness, and the taxpayers suffer under
lltiT tfrD.pa..f
were consequences easily dcducible from
the proceedings Of the Ring during the
last six or seven years. II was in the wear
1863 that the Water Board was roorganized
under new name, that Of the Permanent
Board Of Water and Sewerage Commits
tioners. During 1853 and 1870 this new
Commission laid down thirteen miles
of patent pavomenis, aud built sewers
through more than a hundred streets.
There were, besides. lot Of special
commissions ~ work, the Gowanus ca
nal, Prospect Park, Fourth avenue, the
Nalluhout BushWick avenue, ana the
rest; and together they had run the debt
up from sGn0O0O0 in 1864, TO S21000,O00 III
lsC9-;20 600 600 i'm five years.
Let ~ give some illustrations Of how this
money went BY the act of May, 1861
Sli5,OOO was appropriated for the Wall
about Bay improvements Tho next year
the Commission got S3s5 eco more; aud in
eight years they had spent Sl,2CO,0OO. The
GOwanus canal, Fourth avenue, and other
commissions followed similar plan, year
~ dippmg deeper into the treasury while
starting out with moderate estimates tor
the work THE bridge was begun in 1900
the city having appropriated s30O00OO to-
ward its constructions The money was
raised 10y Issuing bonds. The interest so
iar lost ON th',c bond, Is now m-h ul D.
million dollars, aud if the bridge ,s
finished IN ten years az "A cost of Sl5.utJalJ
the interest fund Will have swelleu to
over tI,O00,ou0. The structure win. how
ever probably cost 10000 600 The last
Legislature appropriated (9,OO0,OO more
for the bridge, Brooklyn to pay six and
New York three millions. The nrst esti-
mate was 5000, 600; then II became {. ,OOO,-
900, and now 1t is tl3,OOO,OO0.
Prospect Perk, under the a9t autaorlz-