New-York tribune., 1910-07-26

months of the current year than in the
corresponding period of last year
Inc expenditures upon permanent inn
provements and assessment work, on
the other hand. were ST.41o934 greater
curing the present half year than they
were during the corresponding six
months of 1909.
II Is important to note in this ccnnec-
tlon that in the expenditures Of these
accounts during the first six months of
the present year is included some S14.-
Hnco for land liabilities which have
oeen standing for a number of wears
without any serious effort having been
made TO liquidate the obligation. Thus.
In addition to carrying on the usual
permanent improvement and assessment
work, the Controller has been able also
TO discharge an obligation of some S14,-
100000 for lands acquired In previous
years for city purposes.
The receipts during the first half of
the present year applicable to defray-
ing the cost of city government. exclu-
sfve OF those received from the sale Of
revenue bonds. were So. .a14. .es7. as
compared with 26,015.01o received for
the same purpose during the correspond
ing period of last year. This represents
q gain during the present year of So
SHa.9lf in the amount of taxes and as
sessments collected
The expenditures for defraving the
cost Of city government during the first
Ei Of
other hand. were SS1, 20. SIS. as COM
pared with SS5,26O. .s63 during the cor
responding period of last year. This
represents an increase in expenditures
this year over last Of S24t6.975.
The difference between the increase in
the revenues from tax collections and
the increased expenditures upon budget
appropriations means that 81, ,4J3, ,002
less was required to he raised upon
revenue bonds during the first six
months of the present year than was
required to be raised during the corre-
spending period of last year.
Controller Kept His Promise
The figures showing the transactions
in revenue bonds indicate that the Con-
troller has kept his promise to do away
with the general pot custom of bor-
rowing from corporate stock accounts
custom which in the past resulted in
the piling up Of a deficit of some $50
100000 in those accounts.
The difference between the amount re-
ceived to pay the cost Of city govern
ment during the six months of the pres
ent year and the amount paid out for
that purpose was S51 SIS. 195. The like
was SOS. .245, ,S53
The net receipts from the sale of reve-
nue. bonds during the first six months of
the present year were S67. .333O. Al, and
there was paid out for the redemption
Of the same kind of bonds 81. 800, 800
so that $40, ,025.0S1 was thus raised to
provide for a deficit of S51. 1.S7S. .193
The net receipts from the sale of reve-
nue. bonds during the corresponding
period Of last year were S6S 941, 800, and
there was paid out for the redemption
of the same kind of bonds S16,311. 800
so that So 629. 800 was thus raised to
provide for a deficit of S59,245, ,S53.
The fact that during the first half of
1909 only So. .629, 900 was raised by the
sale of revenue bonds to provide for
actual payments of S59. .245, ,S53 on ac-
count Of budget appropriations. while
in the last six months 500, ,02J, ,0S1 was
raised by the same means to provide for
S51. SIS, 1875 of actual payments, indi-
Gates the difference between the old and
the new methods Of financing the cost
lii