New-York tribune., 1897-01-13


,., nora,,,on Of .he city devoted the rest OF tho
''"' o - 49, .,.o-, or tho Corporat ion
Courssrs of,ce in 1886 leaving all mention of other
..,,,,o.,s =, Tho c,,v Government fer later mes
departments Vi "'c '''' 90 -. A., with tho
sages. He declared his htehuoh ~ u'"' 80. - a.
Board of Education and the Health Depai ''"e''' -
MS next 'o"ii""''N'' - . ,ahios which
,sv. hoe, nr,ntoa heretofore in The Tribune show
49,, 49, liz, d.h, IN detail the amount of funded
us tue 80 - - -, a.an~,.,i ,ions made for 1856
dcot IN 1879 anu '"e app % ,,,,ns.
"'u .''.. ,a,s,n, f,nded bonded Indebtedness OF
49, liz for tha last seven years appears 10 nave
been as follows:
D 9, 1000 so- s7 90 o. Dec a. 1894 .1oi o7s $50 81
Dec. 81. 1871 n'So iSo 10 10 i,e i o. lVs 50
De 81 1888 .i10 762. io7 81
e,. IN, foregoing may he seen comparison IN me
annual increase IN the public DEBT or
pas Ins me- ease was naneni Tnv character such
~ ,i"'hoso NJ lands for publc parks and docks ana
;helr Improvement. the purchase OF lana ana a a,le
erection thereon OF scnoos nu,ge1 1bridges over the
H, esI~r ahc ronay,ng of streets and avenues.
iscreasng our supply OF pure and wholesome watei,
hospitals ana asyi"ns s,' omands and which can
NOT he bin paid for ON droc. annual taxatoh
bu; are PAID for from the issue OF Dohos s,c. q,
Inc principe as inaus .h Ssv rom bearing all
ie.'eNt ny riia;,ra,ts ~ uermanent character
ine COS 81 e ,b same from ihe proceeds derived
nom he issue OF long bonds has been continued ana
time to time obtained met with public faEor
Whiie inese eAen.,'S t. mems r, demands upon the
saiy by the annuaE S,. NV ara eniailjng
resources ana ,,neV and Subsequently in
"-aes,rc - nrbc Indebtedness the people OF TINS
cIeasIns on. IN, sb"~n a desire TO urge these i'm
ross1 cry mnee gorwsrd and Willingness contribute
e. Tho navment Of the same recognizing that by these
10 ,e 5 he increase of valuations Of real
. .pi -, eh "c,oms whc,c fhe improvements made
mus, bring increased valuations to their pIopery ana
annual fund raised by taxation for the maintenance
O. 't he city and for the payment of the public debt
" " ,>--r- ,o>DS OUTSTANDING
NH' h>OH D'->D' ....,,u T..
=, anooc =. -. ro-o iss,od in some instances
mnder somewhat peculiar circumstances, rendering
49,, -. -, ,h,s ,dob,odness greater than an.
ticipa,ed Some Of these permanent improvements,
instead Of being paid for out Of the issue of long
bonds. were. under the order OF the court MAKING making
the payment of the lands taken for the improve
"'e"'S y. i'''''i,V'' -, ,a;saa ~, ,axatiop.
As q consequence the amounts TO be raised by
d,r.c, ,axa,ion and paid by the taxpayers this
year were largely increased
Nh"e TINS Is IN o''eo. eon.'',s' ,ornt na,ure
paying for Improvements OF pe''i"ne"' '"'s''
bofor. referred TO- this amount was under legal
peio'e i'i''''" " w -, 49, 49,. ,,,,o, of tho
direction necessarily anGeH 10 sne i aHrin% ,hs
tota aihonu % 10 "a 1e i1reese3 thc AMOUNT accord
coming year anu 'Oie"''" NV
We can justly congratulate ourselves thai curing Ia
the last year the city has met with hnanciai re-
in II
s's.u'I nr p vneotisfactorv RESPONSES from bid
ders that the authorities were unwilling to market
ocncc ec reTnsed ali the ofcrs as then made three
,nonths later in November by readvertisng the
loans the city met with the gratllyihg iesPVlisc U
the loan OF slevvvv as d ~, rd 6e Whole
loan TO one firm at a premium Of 10il.
The failure OF the c.ty 10 receive pius d. " 6n JuS
premium az ie I,Vio ,.V;iforoH, 3,scnesi6n TIE real
reasons therefor are easily liscernibe in the un-
settled condition of finances throughout the coun-
Try during the sast Sei' 'ynoa1n an Which the
sn,egrj,y Of The Government and a complete change
OF finance were threatened and the iuTtner Lac, lact
tla. S 10, IN n5hlic We're 80 solicitous re-
noaed ana thSt ec hlpugn lu in fhe system of Ma
e;anai carlncv that they hestated 10 make sub
nahtal Sest'Is ,h ala W in the sale of The city's
bonds is shown by the fact that when the bonds
nro Lii. ,narlse,ed The Increase in the premium
were nhdIly MAJ 49, so'nbt i,,o Tho civ treas
on me ainHuis .S oa,ters ~ - million of dollars
The maintenance OF ~ 'haS da5nonsirate the efciency
cTedlt WouIu @pS Sire,ration and fbe stability Of
OF 'ie p.tsSl. s "a attrac and gain the
our S n ~ ,SvnS,ors and money institutions
OF the ctiE;,ora conniE; Limitation forbidding the in
esso Of The citVs indebtedness beyond an amount
equaI 70 ~ p &C. limits as shown bv the books of
the AssesSoIs mas Deen Soii0y t Kos .as q ~, 5ca
kessed reai csidte N5lu ~ tbe CITY for 1896
was N%Sil on 10 The amount hvlu & Gy '' GeSt was
Iund ior tle reueinp.Io.. U ~, Tho ,,ons,itoual
provision. borrowlns SaP9c"S u '0-''''''' -
the amount OF 'he Guy 'e'' -
THE CORPORATION COUNSELS OFFICE.
, o., ., ,.our Honorable Board at
Instead OF presenting 10 YOul iAV"''N"'0 - "
this time general resume of the city departments
- .-..--.... l., annual ,oassapes Of the Mavor
as Is customary III " " -. &c ,ho &,
refer herewith but 10 one depar'iheh' "S ''"'
..aros nroncrlv 70 he associated with statement
'. rar.s, ,,,;o, of tho ci,v-I refer 10
OF 'he "h"hVl"' 0o''u'''o" ~. 1,a.oora,ior
the Office OF the Counsel TO the Corporation.
with the rapid growth of the city and the mag
,',s - ,.a ,nteree,s the business of all the de-
niiude OF is interests '"c '"' V ~ =, =
partments has so increased that nave H"uc p"'
ticuar inquiry as 10 the work oil the Ist year 'a'
your Honorable Body and the citlzehs sehera"s
may become more fully acquainted Win ln's I'M