New-York tribune., 1881-09-01

Increase s6as9l4 24s7Oi, ,I67 90 sl,a3o5l2 20
II estimated that within twenty yearn the
revenues OF the sinking iund will greatly increase that
tngulsh the whole Present city debt.
A PROSPECTIVE INCREASE OF DEBT
Besides the ordinary expenditures FOR public purposes
met by the issue of bonds, the report says heavy ex
penses of an extraordinary character authorized by
existing laws which will require issue of bonds and
CORES sponding increase OF the city deo. Principal
among works for the execution Of which the city dubt
will be increased are those for additional water sun
ply now IN progress for brin ng the Bronx and Iiyran
Rivers into the system tho City Of New r
estInaed to cost about two and half millions and The
proposed aueduct from the Cro:on basin coating
probably $l5,o00,0o0 more, within the next ak or
eight years Such bonds viii probably bear higber
rate oi intercst thau 3la i'er cent.
p The toHi amount of the approximations made 10y Tue
Board 0i Estimate aud appOrtlOnnent lun cptI.
mate for lssl S3I ,33I 322 30 Tie following state
t M 7no% "g aaont OF me Ter lssl
for the reduction of taxation ANA the estimated ,lnnnnt
to be added by the Board supcrV ,0rs 10 lncr h ne
hcencies on the actual product OF the levy
App o?riatiou for state taxes ... - 90 -cn On
tor cry purposes Os3 l2 30
rotal so1 80 .--- -
Lei, M G,ag9nt % .apgle ly the general fund 80 %
The reduction OF tlAaon l5Go 1850 90
For Amonn ei iaal crt-aate ..; 2ss5i322 80
mated. bolsg7 so
,o Tct7l st;, 10: .;;o,,, 2oo 90
n0 actual product OF t.> e'y....-... 100000 90
Estimated amonut Of tax evy....... ssi 95s 900 o9
The estimated rate 81 lax for 1881 based On the above
alton, viii be about 2.e7 per cent '''' '"''
The increase in the lseI over the taxes Of
m NH, f anu ] te pereah rae OF tax are accounted FOR
uuohal amounts required by city department
REAL AND PERSONAL PROPERTY
The real estate of the city in 1880 yas nssesscd ot
vanation Of $9i5.57ll00 and the personal estate nt
S2ol i94o@7 90 making total of $l.Il3,7G5 oa7 90
For 1881 the valuation Of tine real estate placed nj
$01673o l93and the personal estate S20o2i2 500 O6
l.lS
gain of ~, 80 s7l 81.
The total amount OF personal taxes remaining unra,a
on July 81 was Tl3790 l07 IL The unpaid asscss,ccrt
al the same time amounted to -. .O43lS9 TO- OF tilot
ter amount the Controller estimates that opchoIf I'M
probably Dc llcctei A considerable part ot Tho mn
paid personal taxes consists OF those on hank stock
winch are withheld under the recent decision OF the SUI
prcme Court. ~
RAILWAYS AND MaRKrrs
Tive revenues from railroads for the usc s ,h
streets, 1t is stated, will be argey augmented h cot
Elements o pneh' suits against them for old clans of
unpaid car necnae ices, amounting all to more than
hal million dollars, portion OF which viii nrohabl
be recovered under decisions recently mode nv n ,
in favor Of the city. Negotiations nre pcndnr for - -
Element of the old claims Of the city against IN, st,ot
railroad companies and also for the payment Of cnr
license fees by them In the future regularly scc,r an
annual revenue from this source OF probably $40 olo Ia
stead of only $1,000 OF $4,000 heretofore rocelycd s
such nee ses In addition to the amount received FROM,
car licenses percentages are pad by certain railroads
Tor toir franchises as provided by law their several
'i' iV'9' "i't"Ahb " from fl3,OOO to 100000
num- Under decision the Court ofAppeas the bor,c
railroads are also subject to tax t,op tho ,o
OF the eks ot the road real estate rom Which, s
further revenue may also be anticipated "'e'
The New-fork Elevated Railroad Company povs n iva !
per cent upon the net amount OF its income under a nm
vision Of the original charter, which now anonfs 20
sh9@o T29oP per "pnam The charter the
Tor percentage to the city ON its receipts ana mo
reyenne ~ received FROM that road. But All elevataI
railroads occupying the the city are now &
JecI 10 m annual tax upon their supcrtrcturcs az real
ceedlngs ~ The courts are pending to deterInne tbe
claims of the city for such taxes S'o
the present about $500 900 per aanu n are at
about SGooo0 evar o no care nnd
about $240,oOO per ahnum from this sonree OK civ
comparative statement OF cty's expenses in $50
tai expendrs in the "rHer YEAR IT xep apears @ @ That e TO-
ana Ia the latter 9335 2663 o.. The Bopn at,o f th
city in 1880 was about 80 per more than in is,o
and the taxable valuation OF property 100 iap cnt
gLtster Whe te annual expenses have increased about
l4o per cent '"0
CUTTING OFF USELESS employees.
In conclusion the report says:
The Controller has, by authority of the Board of st
all departments branches of the City Goyepn 20
to all institutions entitled by law allowances of money
mates for the year 1892 Board OF Ftnlate ana an
M ~ ~ m GA or neore sept mher - 1881 This crca-
Out ~ deta accompanied by such expanatinns az viii
enable the Board OF Estimate ana Apportionment 70 Ie
ternlne upon the proper amount OF the appropriations
,u 9,erX Iem Should be carefully exaniined and re,
uced 10 the lowest possible consistent with efficient
service and actnal necessity ~
Observation and experience have satsed me TINT one
o me great evits OF our Cly Government the LARGE
ma useless number OF employees attaches couueeed
ana very largely from the detect the City Charter m
gT w wnieiI @ many OF the departments governed by
ent oiters @ in presenting their estimates for The co
re9irea by actnai nuhc @ s o 9pioyss to the number
nrtment all to do so 1t with The Boayd OF
Estimate and Apportionment after hearing nnI dniy
oonsderlng the nater to make appropriation for such
S eoyes d as IN ITS Judgment win provide Tor
a isil tree 20 act nder the and various