The New York herald., 1877-10-24
THE COMPTROLLER AND THE DEBT

JOHN KELLY's FEELINGS HURT BY THE SUP
FnAGE REsTnICToRs- INExACT STATEMENTS
ABOUT THE CITY DEBT-viNDICATloN DE-
MANDED.
Comptroller Key read the proceedings of tho Stein
way Hail meeting OF Menday night as thcy appeared
in yesscrdAg's HERALD, loss sorrow than In anger
at the hurtul way tho city debt alluded Hence
the following letter.
FINANCE DErARrxExr. |
CoNrrRoLLER's OvricK. Oct 81, 1877.
SAMUEL D. BAscocx, Esa; Chairman OF tho Taxpayers
n and s & evening
sa S a ns ss
Thc permanent debt Of the city OF Now York Is to-day
S .T .. ss ssBsy''' arc to emo" ITS
such statement aye but one Intention but inter
indeb either concealed fasied by tho
This the direct indirect accusation, IN
snuson which ns, come to my anowIsdgs from any
laton Of the trust repo.ed In hands and when be-
Of the gentlemen whose names read oicer. q your
meeting IT IS 10 say the least not merely unjust 70 my.ef
esarse es.s1S4s 0'' '''e''' 70 ''''' VINO make 'n'
EVERY ruB OK ITS own Bor7oM
Whatever may have been the prior my accession
10 the office OF Compt ocr of the city Of New York
s.Sao, be said truly ,Ia. have not made u and clear
oncal statements Of the amount and nature OF All the
stats senate Of Jssa.ry 1871 suSmsssd SSpor. 10
other financial matters OF the city and OF New York
also similar and extended statement detail
Of The debt Of the city otne Of property taxed
tho rate Of taxation Of series OF
years. in answer TO resolution Of date OF tho As
sembly
ACTUAL DEBT.
These official reports 10 tho Legislature show that the
bonded debt of the city 81 1876
$iy63l 3i3 ~, from which is to be deducted tho
held by the sinking iund S2s ITO 1U2 10 Leaving
the actual debt only S 5 2lo 49, instead or
xl2OUoo, stated in the address presented your
meeting Monthly statements regularly made by the HI
show the amount Of the CITY debt exactly In tho Comp
troers annual report Tor te ending August 1877.
published months before tho election OF charter on
Gers the amount o bonded debt the receipts
dtutcs, appropriations, sources OF other
municipal accounts clearly and particularly speci-
he'd in pursuance of the provisions or law.
In that annual report was S12l ,3o. S3 80 whe
ing fund amounted sD 67 I5S % showing tho net per-
aneht debt AZ that date to he S9 6Sl 6j u Expana-
tons given In said report OF the amount OF
porary debt account Of 0onds for
rovenents. &c and revenue bonds Issued
OF the collection OF the annual pains we're
taken to maAe tue statements In these plain
expicit posspe that the nature and the
city aebt should be inliy ana clearly understood.
WANTS NiNDicATI0N
In view ol these pubic ohcial statements IL IL
least disngenuons In gentlemen to coine bcioro tho
pnbhc with erroneous statements regarding the
amount oi the permanent city aept, aud to charge
that the facts withheld $50 far the taxpayers
permitted to know. It's ac uai amoantn If there Is
further question OF the facts upoa
of gentleman OF committcc respectfully Al
gest that Immediately select committee ot expcrts
and trustworthy representative men from among your
number TO examine thoroughly and render the public
In detail of this condition of the debt.
nothing In this connection 80 views upon the
under discussion meeting but have
right aud do demand rs servant oi the public
dicaton before them IN matter affecting my nonor and
Integrity and more especially hen unIusty
bod OF ctxcrs OF the character ami standing of those
JOHN ksLLY. Comptroller