New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-01-03


Public squares and Tari............. lO6Il64fo o.
wharvcs and Piers. East liiyer........ 562i435 90
CrotOu Aqueduc. Dcpartment.-........ 9OVoo'ooo w
Total s2l3.os5.4o9 90
The amount ui properly owned bv the city has not de-
cree, ga, co." Mis mere ma ,een - I'M AZ and cerin
Of The civ property might po' be valued a highly no"
thtr other CLASSES OF thai property have greatly ap
prccaed pa vglLe So that the estimate Of the Commits
SioneT M a I'm 81 Is below rather than above,
present tie property IN The aggTc-ao II as
b.en thc take hopeless view of our finances,
lst 40 Justification or this course We cannot
oxpcnai,iTe which terminated with the downfall Of TIE
Iiu-, aud Willie sui have 10 the pt natI,
II should borne mind that the corporation possesses
twice over and the experience Of the past
esht v has bow the debt IAN be gradually
nsral necessary future development. and without
uEoue hardship 10 ne ersat DoIy ~ P tho ot If
and accnmuia1Is 10 the redemption OF bonds payable
from tSat"p n - shown the best results Not only
paid al such bonds winch fell due IN ls19 1850 ana
1881, bat shown ny the controller in his last an,
naal report. II viii be enabled to redeem al such as ran
n soT b ' sT, Nv yi s nensve 10 40
In the 1857, however, bonds payable from taxation
wiz fan dle amounting to Sl0,lOS,6n ltl5 believed
that b. iuicousy managing the revenues and accumu-
atIons sinking Fund, the payment OF tins entire
large is be made from the tund, without
az 80 ~ i 1T for ,nat The sinking
Fund j., Institution which It's roots IN the good
faith and OF this city and not only stands rs an
gooi faith vii not be broken bat makes possible such
economical administration 81 our bnances as greatly
10 alleviate the burden winch w09,d otherwise ia upon
the citizens Inc city compelled TO resort to dIect
taxation Tor the purpose of raising the funds to redeem
lie bonds ~ they Ial due.
THE FERRIES AND CITY RAILROADS
Durins years 1876 to 1850 inclusive the revenue
10 the city from its ferries $500 LOG 70 being an
average or the five years sol 80 yearly. During
10 past year the Commissioners 81 the SINKING Fund
have secured of $i13lSG 81 from this source.
OF the latter 500. 900 received in settlement
from ihe Union Ferry Company. leaving balance of
Sli3lNG 81 A. the regular annual Income from the
ferries winch Of SsO96l 80 over the
erage yearly receipts the preceding five years.
DINING the So those ferries when pay a fixed
Will afford tn city revenue S6O9sS 49, While
upon t4er actual receipts VIII, estimating upon N
basis OF slen rece,S ne not les man 2l'9'V- ~
1crre1 to. shows markcd Improvement IN the manage
Llebt Oi ,AIs portion o. the city proPerI,
ST of TIE leading 'norodsfare1 Of the city are oc
cu1ed by railroads cilher 'rage OF elevated ana tntHG
Companies .rr in he poS-r-sIou of franchises o. great
Yuue themselves but from which The city receives
II@c really no irurn' rms Is ron TO tine iu,
pduy Ttch cannot he TOO se'efeN come 's.,a, anu
o. 20 - t' HI ili H." " sour Of revenue To-
the city instead OF beng hcd AS E"idy by the cor
Not only do the railroad corporations OF the city enjoy
theit franchise, whom poorer ''I' no." 4, l 'S
uu' t'.. US oi 10 .,, .,y,., a., r'',I,,, ril-
IlnsiTdluh ol oar streets ana avenues eNl""i"ihIIH
U4ncu This Dr. particularly me TACT oufns iae winter
IuOAtu-, WLDn our streets are tl"d WIh SNOW. Nuhe
they cyau part ol tHc strce, where tclr tracks
run. tnc. have or years been H the uaot of deliberately
The s.r,ets lines absolutely IuPAs,Hr. owing 10
t'ih ''.r u.,I fh,Ir prI,.l,-,. have ben !
cIac,ci. These companies on appeal 20 the courts |
have ben able To ciJ,h al mteier'he "l munich /
Ia ,.tei. toe matter now stands. the sir cta
tAat tlcy oacuy are, M tcvcr' "initb practically at
Their mclr' amt TIE people utterly "ii""u IttIrSs /
itut0.I ,..,t4uu sOId bo most earnestly sought at |
Tie Hahts col me Lt-.7Alhit 10 "loat tIat us proper
H-h an privilege an! De restored TO lhe Guy, II |
would not og requiring mo" i"an j. justly dhe the Guy,
Iiirud companies bc compel cd. Is thcy
osiOn, ct an tunes I" Keep the streets Wich th'y
occupy Tree from Su"" Ana zee ana To render some
OF ~
on. tu~ cntlfc car.
~ 10 ana lhV4uIhE th At E W.
serKn. 10 recover 6y ht gaiiou the 1876
and its Il. L.. 60. by way OF compromise during the
1851, DINER IMAM lEv ds h'H""AoU i''n' WIZ a. l'
lows:
DRY Dock East Broadway and Battery f. r.. S711f 81
Central Ciosstown t. X Co................ 400 %
Second Avcuu, H. X. Co................... 2,Ju7 %
Soul FER, H. X tO.......-..........,..... 81 SO
Houston West street and PaVOnid Fer! Il.
r. ..................- 1000 90
n \ Elevated H. Observation-Disclosures. 81, 10 56
-
Total 1870 Sc !
-, .,.,.,,.,,,.,..r 49,, .,..,, =, ,,,.,,t,
LOCAL Sill GOV E'NNihNl AM ''A'I'" NNi-'D
MINr
,o,o l,.,.,of,ro ,d ......ion in cornuuic fling
-, - -. 8, ,,I,, + I,Ii,
TO be the most pressing necessities Of
ri,,ty tat Is That il should be made by legislative
,,-t,,o, , s.If,,,y.rri,, ,ort,nratiou and a. sucb
enactment heH-SoNerhiA1 NoiPoi"'o" anu d. 7''i
Iauv, unycr of tine central Government at Albany The
1890 ~
greatest OF an inc pI'Dith9 "-Vh YUM oii' "a III ''i
STATE, as Is. in my OPINION the greatest piopo ana
o,a t,-f frtu0t with anger
49,, 80 ,,,,.,-,I ..i,..i,,.,r,,,, c.rt.,- NJ
- Stit.s -. - - IiIni- and 0ujn. nave passed gene
tne '7.o' - - - - i, at Ems
ali .r, ION concerning inc charter, and affairs
,,,,,' III IT, s,rito Tor reform m Iuuuicll,al
OF mun'il,'.le' 10 So, Tod ri.ioi Tf
soETi'u. "'iV ,iiies AZ me ,t4r Ca,iIa To-
ai"at,. ,Ir c,sr .ysf.1l al Will il 40 strive Tor tha