New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-09-01


In regard to the bill which was introduced In the LAST
Legislature cancel all the city stocks and bonds hcId
by the commissioners of the sinking fund tho Coli
trollcr says the PROPOSAL TO cauctl anu destroy an
tie city stocks aud bonds held By tue Commissioners o.
the sinking Fuud Is wholly inadmls'lole Dut portion
a them may be cancelled without VOCATION OF la" OF ~
ly degre alternating OF lmpalrinS the security OF me
fund pledged fol- he redemption OF me ci. ueo
by thcn has been conferred upon the OF
the sinking Fund. I'm their discretion, ana sh accord
mey recommend to them the cancellation OF such stocks
and bonds may be lawfully cancelled. . 80
Iftbe city Indebtedness ned by the commissioners OF
tie sinking Fund winch may De lawfully ncolied is
cancelled proposed the effect VIII De TO reduce
Tie amount in the sinking fund Tor tie redemption OF
the city deb and corresponding amount OF tine gross
funded debt without reducing the ci!y net drbt whic
viii remain te The amount OF s4ch ely Indebted
head by the Commissioners OF lHe oinhls unI
which IL bl law IedeemaDe RON me TlEihb 4ud, anu
may cancelled under tne provision VI the oFtcf O
TSe following are the appropriations for the year
1852, which show considerable reduction from hOso u
last year:
Bor CITY purposes 2too131j 80
Total APPROXIMATIONS s294l2sSl 56
Deduct general fund. 2oo9oeo 90
Amount OF final estimate S274l9a9l 90
Iosislata'o ... 2l.2oOoo
s27434osl 90
The odac9 Of 70 as supply o.@'-.y-y' 2e5o5s ~
,ro,., o,o,,,t NJ .. ...s-7.7OO 900 %
The tax levy Tor last year amounted 10 e3l01lslO ~
and the tax rate 202 per cent The tax tate Tor
lss2 VIII probably not exceed 20 per cent
lakes real estate IN arrears collected ln me bureau
~ Arrr.l- during The year ending An gust l, 1sS2.
Amounted 10 S3.j23966 90 The sum OF SJJO,'Jo o.,
included IN TINS do ni. WasIeecNt uiIo iaA SAFES icId
IN the iatcf patl OF 4o7I IN, V'"i "i"i' % W
real estate remaining unpaid July d. l79-, wa
S5Oe- l5j o. including arrears iot 80, lld my
Of taxes personal estate remaining unpaid July o.
,oiai amount Of Croton water rents and penaltie
cIlec!ea and deposited M the cy treasury dtLldg tAc
year ending July 81 l952 yaS ~ 81 "a, an III
srtc, n,pryeToents such as regulating, grading, paw
a. ~
III n $50 was 500 80 against S559 4O8 II
IL the year preceding Vacations OF az, s@"ens for To-
cal Improvements were ordered 10 the amount OF
Si.2-s.535 - OF uucoIectcd assessments there Was
Tie ya.ulou Of real estate in the city in 1881
sN7G735lgJ and the valuation Of personal estate
SZo92IZ,9UO making oial OF S11S5,9Is,U99. The
VauaOI of real estate ID 1851 was olOJt-O0o $40 ana
real t.t@le Of $5S 4616i7 md decrease in persona
estate lO9lOJl7 90 The following l. recdpl' Via
lion IF The amount ana sources of thc cry revenue uu
in the year:
Revenues hoin and general fund s523oS6oG 20
tAe slnslug lUiu Tor the Iedeul0- -.,o. M
1 NGH ne ' o Inc sipAine ilad for the payment
OF interest Oh the city dcOt..---.-...- 2Ol591s n
SPECIAL rtct I"oIOt@ "
TOTAL .......... $I0lZ9.575 II
. reyenne, Of the city derived from ferry franchises
under new leases much larger now thaA former ~
From the Union Ferry Company alone the rccopio for
the year ending LILY 81, ls.2 were SlI3016 s. under
the new lease May l. ISL when nc Old lease fJr
the o. ten ycars IRON May !, ISL a. - Der az
mum. expired Tho sdit ~ uot TIE company vas finally
settled ny me payment L. the city OF 100000 ami
new ease made rental Of 124 pcr cent upon tho
gross rccu?,s OF al tAeIr ferries.
Regarding tAe street AMI elevated railways the Con-
tr0ler says: " Lttlo osies- hts Deen Iha &c auiHs
the last year Ill t"e 30 tiritht Oi te elI- OK ly cl
Tor fees ana taxes due BY the nor railroad and
the elevated railroad companies II tus Guy. suns
BY the Elevated Railroad Company al Inc last session
OF the Legislature 10 settle by special act The CLAIMS
OF the cy iOr taxes assessed upon 'nem 4oI oNc'I
years past at "a comparatively small cum, and 10
the cy ana different from tnHt Tor taxing Other cor
pOraiOAs and taxpayers The act passed by the Legs
Governor, IN conformity ~ita strOns protests aSans It's
passage by tbc cliy authorities Ihe taxes due BY he
ono million do lars, arc stil the subject o. uguon."
The gross revenues IRON the pn1hc markets and
market holdings The year S26Z 6sS 20 the
tbc de,nolilI,u of Falt0n Market ana a REDUCTION of
rents AT Washington Market. lie report refers 10 The
Will De hli Tor Jefferson Market By the Comm >, OIer
o. Public Works through an appropriation Of $4,000
Tie Controller sreues mat the cry
should also be allowed 10 rebuild Washington Market
erection OF buildings by state Comm has
not been satisfactory In the past IL Is estimated that
$ZOOOVO would oe sufficient Tor the rebuilding OF Wash
ingOn Market The report fayOfs the aDOlishnent OF
outside stauds aboHt the markets. they mind
rance 10 public travel and tralic.
In regard - the NcwYOik and Brooklyn Bridge, the
Controller ,ays. Ju gng from the proposals recently
made by responsive paitS io mpor AM items OF Inc
Tema lining wOrK tHc amount Of bonds asked Tor and
thOllzed TO be Issued wOu1 appear 10 no sufficient
finish tic bridge Inc IhcI Engineer, however, no"
seems doubtful as 10 the time OF cOnletOn and This
j. matter Of vital importance 20 the l|O Clles which
are paving Jointly about 5000 day Tor interest
upon t4e outlay, II has Tor some Tune past re-
ertion has expedite the delivery OF steel
for tru.scs. under HE contract 81 Inc Ldsemoor
COmpaug, and according 10 the latest report aud
the present OF delivery there seems To dc reason
able hope that the fl amOant VIII be furnished about
the 81 Vi NOVelnbr neat, the ne PROMISED Tor nhal
delivery Dy TIC EdgcuiOJr Company There As a large
other WOl X, HOHcto, 10 be 4Out ma III VIII
require most ANA uuurug effort OH the part OF
tho trustees, engineers contractors ana "ofne 10 com
pletc the whole work W;u tAc tuo proposed WIN inc
ample means at command, and ia view o. the nuoItth.
object To be effected, t.crc 40 reason "y dt efD'd
effort ton ara IA early completion should not DE- lhdde,
ana nothing nOad DC left uDuOn6 Wlc VIII accomplish
tls desired result without wishing 20 spohk zoo posi-
lively Jlcct when hitherto 70 nave been 20
indefinite aud unCeitaln think. Oltcr consulting Win
the professional engineers VINO members or tne
board, and VINO nAyc gwen special ate lion the sub
jcol, that the bridge may De competed and open Tor
travel by tie middle ei tIc year 1855. Dut
accom- lsnod only Dy determined aud persistent cOTt
OIL the part " al concerned Ia It's construction"