The New York herald., 1877-11-03


ACTUAL MET p..r. s'''o''''' -
The above statement shows that the actual net debt" or
% %ns hSp ,an so@
citizens vii! be agreeaby surprised" as you have init.
CLAIMS AGAINST CITY.
Of a o%
appears by the following from the oansei
:q.as shsn the city S ssys e p"y apsp the
these claims tho met debt is less than 100000
OFFICE or COUNSEL TO rnE CoRpoEATIoS,
Hon. JoHx KELLY Comptroller =
sm me 20 the when
the city will eventually have TO account OF the suits
-lt have TACT order
the our hundred ana sixty suits disposed Of by the
Law Department during the ia,t twelve months end,
hs m s.. e sSss " o
that total amounted to 6s and the .@ounts re
covered by the claimants 1858 sel 63 assume that tho
best claims that the pushed to the
Tor trial. that the undisposed viii there
subject litigation during the past twelve months.
Mnotner fact must be taken into consideration that
OF the suits upon which recoyeres were had there
amounts but by reason Of error the
manner OF masng the claim or some dGao, with
The subject of By ", inys.tsa,i.a @ - your oss
$244s6 33 Of the amount paid out Of taxstion aud
sel9oo paid BY eonds-,has Is 20 say in twelve month.
addition debt just twenty per
coed sia 100000 If they reano TO claimants proper
tonatey the claims which have been the sect OF ti
cation during the twelve
In those suits tho city will have 70 out OF bonds
not over 81, A o,OOl
think that the claims un d sposcd Of will
be the In which the parties have insisted
trial and therefore consder tha the estimate of
$24o liberal OF tho amount likely 10 be recov-
par.ly tried before referees and saos.aasiay abandoned
In order to %"ss Ss s%ss ns "s , ws isy sns &
city wi, have TO pay upon the OF claims always
Yours respectfully, WILLIAM &. WHITNEY.
Counsel to the Corporation.
No estimate be made OF tho amount which may DO
Ny the city in the Ring suits and other cases IA
be made OF the amount which will be of the
debts due tho city bv street alroads ferries &c COM
monty reckoned. however. several million dollars Pro-
cccdgs have been taken for their recovery here are
also some minor seecun, q dues 10 s ey o - I'm hmps @
the statement Of iiab'litics does mol include te
@ 81 Ct 20 % Ds op 90
which the atoms were made have been closed ex
''ps = ''''s the cirY's REAL ESTATE.
careful estimate bccn made OF the value OF rcsl
estate ned by tho ey no. used Or reqwrea 70" apc %
inc Senate W tho Comptroller January ~ s. IN an
,% sn - @ n, G "ls o whspres
lots public parks places tho troton Water Works the
reosyn bridge interest tne an m "'mnI % pune n
poses. Jhe city property ncNo'c" 'hnncnapy ~ W W
puo', pufn0seS , , n" ,hs purpose :" ius,iiyims
IT'S existence or IN any pa'iinng the resalts Of
unwe Legislation and dsnones. ~, AN wnen ~, % naeo
together fastened heavy burden Of deDt anu taxation
city Is noticed Only Ms an Important matter
which should be recognized IN this connection
TiK SINKING FUND.
Tho last annual report shows that check
a. been nay p", yppm m nhnu sng "s IS ne
undsd debt was *l5I l2e VI less on August
isn sS"" s.S. Sa a"s"., "s"., 1875 1916 ~
Net iundcd debt August !, 1877 ....... oio'loio II
should bc noted however that under provisions Of law