New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-01-06

soi , 3,r1IioYs will he collected heretofore upon
,"ps F,r -Sl lDe STATE taxes 10 he pali 10y me Guy
amount 20 si@7O7G0, an increase over Lo'e ol l9'0 Vt
FACTS CoxCERNIYG THE CITY DFBr.
The following is the summary Of the condition OF the
cty debt aud financial operations OF the Guy Coy
eminent at the latest date 10 which 1t has been Drought
down:
The amount of the net debt, df;rr deducng flo in
We tmcnts ana cash in The Sinking Fund, on December
., 1876. was $40 81 $40 80. and December 81.
$50 i was 500 O662iO A. making otai deere. se OF
SI374j O69 81. the annual decrease benS Us lo""';
Amount. q zee 81 ls7e.. sllasli.Sg$9 ,,,,.o.ao
AmorTi Dec 81. ls7i...... llG50O7iZ30 S2ll9%Gs 90
%%s"%I bee bee $ 81 s$ 1S55tgi y 5s5 p p
Amount Dee 81, lssO....... 1o6OG6,24045 835"l7592
Total decrease. $i"t45'O0 "a
This exhibit of reductions OF the debt, during the IN
cubeDcy OF the late Controller l. evidence OF the capa-
city and fidelity with which tho financial affairs OF the
city administered under m, dr[cllon anu proves
that the in which lie Is held in business circles s
a financial officer is iuily mcrlied; IT.. ,.o..
The above statement OF e not bonded debt embraces
all stocks aud bonds outstanding at the respective daes
deducng the amount OF stocks ana bonds ana ca h III
inc mixing Fund for the redemption of the city dent.
The following table shows the amount OF all classes OF
be amount in the sinking Fund deducted the dcnt,
showing the OF tue net bonded debt at that date
as IN the preceding statement;
Classtdcdtioas Of DcJt Amount
P P fT6 from ,be nS6e Fund under Or
dnances OF the Common Council. lG'S@o'i3 AZ
iisSns u 'De' o' c.''. - 427lCo7 %
visions Of chapter Ss3, section 8. Laws OF ooooo -
5. Assessment S9 bonds Issued PRIOR 2
c. ASSESSMENT bonds issued aicr ano ISIS @oo60o
*l5J355olo 81
Deduct amount in sinking Fund for tho
dcmpton of the City Debt Inyostpents and - MOI. 90
Cash) o-'''"'-@ v"
Total slO05il995 81
Issued Under SPECIAL Laws ...........~... 2,Goi .
In anticipation 81 la1cs - 9,,.,, w,
In anticipation Of Taxes 1osO......... 41l23"o 90
Total net Bonded Dcbt..............floGo6G 2io ~
The debt of the annexed territory OF Wcstchescr
County not included IN above statement as follows;
Towns Of Morrn and West Fams......- $4,000 90
County Ot Weston 4I''' ~
sgC7se5 90
To Sinking fund opera 90 IN important a-cucy IN
tie financial atar, OF he elty aAd'Siccl1y 40 means
o. reducing The bonded d'bl. 1900
lus revenue, OF the SDknS Flud cou'" Dc u'd "h'F
Tor INV sments, account 4,!o"s {" N4e" we ,irn
b,uds tmption If which the find ~, p'dfcd
by law In mat year an tct E4c PIo" 4, ,!H PER 2,2;
through the urgeut representations Of the Finance
par;mrnt. BY provisions ht surplus revenues an
cab by Inc JOINT an lorjy Of th Commits on"is o r"
sink Fund and the Board If Estimate "at Apo" i'oL-
L.eut. 10 the reduction OF tue c} dcpt, t iA' TYR pr
i.,9H % . s' ~ fnriy 6y ,Haii,n md ai.o 10
rrfunding STOCK, and ionds falg due. r1Nau'n mas
been gIeat relieved m tho la-: 40 years y ae pow
Sons u tni' statute which pcrp- me >u-plG, rev nue.
oi the SINK tx Fuad g. hc ppcd tI tie redemption OF
stock AMI GoLd. p9y abe A maturity from t'Nt Fee
following stat met shows IL nouni 81 -uca rccc"-
ions by "a, sinking Fund III l-73 AID 1890. ttc @AI'
amOlt % such ST. Ss and bonds one hfliS h.'4 p"
paid and cancelled VITA M r'-utt II" taxa. ID li mos
ars which would otherwise have been nccr-sty:
1919 Amount by Sinking Fund .......@ li7l55 -
1850. Amount pad by sinking tuld .......... 2--' o.
'ioS3
The amount OF stocks and bond. pay bic IRON taxa
lion due In 1879, was Si.4l7.I5J 50. Of winch ono
m,r o1 iv1s va BEEN bad ~ thc a1ln. fnad ~.
stated. Tie Whole amovn' Il T -ioti~ ana n"os
due ~ $50 Was pad ID the onklnc t"hd "t"oul any
Inc surplus revenues Of he sinking Fund viii be sum
Gent redeem thc stocks "Fd nohd>, pa' 1"ie Hoh
taxation Tor number tl ycals wl-hod lho urc' -li'
fol rounding them Or lc,y!ug dicc tax io thcr pH-
arise before l7JG when the excessive amount
OF sIUy, 0,Dyl o. s'Tc' ' iof Hci bec,n
advantageous to exercise the power OF c'us slork~
and bond, pa able from ion. pfOv,Icd by thr
Fund sui Gent above is own liabilities ~ Iu
vi Nc C s, iH S ls7 S9 so autnorzd and cnpov, c
Commissioners Of the sIHkins fnnd 10 "C I'D rirc''
| charge upon the tiy Treasury. other tnan revenue
bonds issued III anticipation u he collection OF taxr.
t,e city - a. do" No part @. t4c bo-du dcut cn.-
Ici nd uuGrr THIS tI"Vi"oh irc p'Nci ~ Ed"'' !"
refund such bonds brio,c tb'y d. come d'e %" ,"r .ue
rar !. TIC holders should rc willing % c>rhart h'm
and accept such poid. go lowe! Ilc Oh il''i-.
>"rni,, 81 l,,rinrt i.ol thc KIN. Inri iusl 80 10
from taxes Bu tac c'y possc.-e' DO ro"rf &" rl' n
men, ho.a. on i'nd' lyair IN gar f.ou
ae, s.InrI1. Tor local llls,, c!,i. aud u ia ,..lu
| Inc tHD Treasury, have a"ri I''nud." u-ci lHl7
! au.hol o., amour tile 70 -J.7o1U.0, a.I.!o"-.
bonis " Cou,oIat,ad -to-k." prs Dbl. 80
le- rcucenable 1t" I"e rr'-.r"o %. tar city in
Nov. l. ,so. RON per cya; i'tyy c.r p,'t-
payaDic III I9i 'o
Tae ~. por cont, Issued iu 1885, goa b'.I-, "or-
SOLO al me rate OF 100 - Oh ,Ac p' 'Hne o. . ,'