540 



NEW YORK. 



to $24,055,098.20. The most important item? 

 of the expenses were $147,419 for the pay 

 of officers and members of the Legislature; 

 $115,100.38 for contingent expenses of that 

 body; $208,292.27 for printing; $421,851.79 

 for the support of the militia and National 

 Guard; $951,486.13 for the support of the 

 State-prisons and transportation of criminals ; 

 $102,483.79 for the support of the Institution 

 for the Deaf and Dumb ; $42,005.75 for the 

 Institution for the Blind; $365,329.1:: ten 

 Quarantine; and $92,463.69 for the support 

 of the insane. The total expenditure for edu- 

 cational purposes was $3,012,532.42, of wlii.-li 

 $2.610,784.81 were the proceeds of a direct 

 tax of H mills for common schools. A defal- 

 cation amounting to $304,957.91 was discov- 

 ered in the Treasurer's office in September, 

 which was traced to Charles H. Phelps, one 

 of the clerks. He fled from the State, but was 

 speedily apprehended and lodged in the jail 

 at Albany, where ho was waiting for trial at 

 the end of the year, an indictment for larceny 

 having been found against him. The amount 

 of the State debt and sinking funds on the 

 30th of September was as follows: 



for the year was $2,129,626,386, of which 

 $1,692,528,071 was for real estate, and $4U7,- 

 101,810 for personal property. The increase 

 of valuation over that of the preceding year 

 was $40,998,941. In 1863 the total valuation 

 was $1,454,454,817, the increase in ten years 

 being $675,171,569. The State tax in 

 amounted to $14,800,903.88; in 1872, $19,- 

 580,882.80 ; in 1868, 7,27-.V-!74.oS. The rate 

 of taxation in 1863 was 5 mills on the dollar; 

 in 1*72, 9J mills; in 1878, &ffs- The tax for 

 the past year was apportioned as follows: 



For schools IJf 



For general purposes IX 



For bounty debt 1 



For new Capitol X 



For asylums and reformatories 5*16 



For canal floating debt, uuder chapter 271, Law* 



of!859 K 



For new work on canals and extra repair- X 



For payment of awards by canal appraisers and 

 Canal Commltatoneri, pay certificates of In- 

 debtedness, and providing for deficiency iu 



General Fund 

 Contingent... 



Bounty 



Total ..... 



40 4,*44,40099 



68,000 00 80.187 11 



11,851,880 00 1,530.141 11 



11,111,000 00 9.790.071 14 



188,580,408 40 115,594.901 06 



187.811 73 



. V.I 



78 



111,191,879 84 



The general fund debt sinking fund includes 

 $1,600,000, received since the close of the fiscal 

 year, and from the bounty debt sinking fuml, 

 the interest accrued to October 1, 1873, pay- 

 able January 1, 1874, has been deducted. 



The entire fnnd<Kl debt of the State on Sep- 

 tember 80. 1871, alter deducting unap- 

 plied balance* of sinking funds, amount- 

 ed to 25.856,715 84 



On September 80, 1878, the entire funded 

 debt of the State, after a like deduction, 

 amounted to 81.191.379 84 



For 



slnkini; funds, etc 7-10 



academies aud union schools 1-16 



Showing a redaction of the debt of. ... $4,105,848 GO 



This redaction of the State debt is apparent 

 only not real, as the redemptions of stock, 

 which fell due in the year 1873, were provided 

 for by new loans. The stock outstanding on 

 the 30th of September, and to be hereafter 

 redeemed, is therefore only a few hundred 

 thousand dollars less than on the 30th of Sep- 

 tember. 1872. The following amounts of^ho 

 canal State debt fell due during the year: 



January 1st . 1847,600 00 



Julylst 1.8*8.000 00 



Norember 1st 1,974,80000 



Total 15,150,100 00 



The only contingent debt of the State is 

 $68,000, incurred for the Long Inland Rail- 

 road, the interest of which Is paid, and I In- 

 payment of the principal provided for by the 

 company. 



The total valuation of property in the State 



Total 695-100 



The commission engaged in preparing amend- 

 ments for the constitution during the winter of 

 1872-73, sent a circular to the mayor of each 

 city, the clerk of the Board of Supervisors of 

 each county, the supervisors of each town, and 

 the president of each village throughout the 

 State, requesting a statement of the amount 

 of the indebtedness of their respective cities, 

 counties, towns, and villages, anil the purposes 

 for which they were created. The results of 

 this investigation were recapitulated us fol- 

 lows by the committee having the matter in 

 charge : 



There have been issued by towns, cities, and vil- 

 lages of the Stnte in aid of railroads and remaining 

 illiquid. $26,919,662.09 ; for the purpose of erect- 

 ing public buildings, such an court-houses, city and 

 town halls, and school-buildings, $in,416,864.f4; of 

 the debt growing out of the recent civil war, there 

 remains unpaid $26,034,968.19; bonds issued for 

 roads, bouli-vunU, Mrntt-. avi-mies, and bridge*, 

 amount to $86,658,144.69 ; for water-works and fire- 

 apparatus, $29,836,883.79 ; for park, local improve- 

 ments, and otlier purposes, $84,052,055.08 : making 

 the aggregate bonded indebtedness of counties, cities, 

 (towns, mid villages of the State the enormous sum 

 I of $214,817,676.58. The entire valuation of real and 

 I personal property of the State is $8,184,084,148.48: 

 showing that, aside from the debt of the Stui 

 United States, the property of the people of this 

 State is bonded for local purposes 101 per cent, of its 

 assessed valuation. Ulster County is bonded for 

 24A per cent., Chenango, 201 per cent., and Oswcgo, 

 16 per cent, upon their assessed valuation. The en- 

 tire local indebtedness outside of the city of New 

 York is $95.483,948.72. Thirty-nine counties have 

 a bonded debt, and twenty-one counties have none. 

 The amount of bonds outstanding against these 

 thirty-nine counties amounts to $46,685,864.40. The 

 Messed valuation of the counties thus bonded i- in 

 the aggregate $1,931,64.1,392.4'!, making a percentage 

 of county debt upon the valuation of nearly 2} per 

 cent. The counties outside of Now York have a 

 countv debt of $15,080,159.94. There an- i 

 five cities In the State, the auirrec.-it.- in.l<!>t 

 of which amount* to $187,689,609.84, exclusive of the 

 v debt of New York, and n portion of the town- 

 debt of Yonkors, which are debts upon those citim. 

 The aggregate assessed valuation of the cit 



