NKW YOKK <ITY. 



186 



L-sers, composed of flvo Democrats, there- 

 in, ! ni once ami canvassed tin- return-, 

 counting Ilii^ certilicute fr.nii Ihitchess County. 

 'I'll.' re-nit \\a- that when tin; Senate met, mi 

 .Ian. (!. there were Hi Iiemoerat* ami 15 Repub- 

 licans with the 1 lornellsvillc di>triet vacant. 

 Tin- Democrats asserted their ri^ht, given by the 

 Million, tliat the Semite should lie the judge 

 of the qualification- of its own members; nml 

 ,o|e .if Hi, agailiM the 15 Republican-, <le- 

 i the Democrat from tin- Hornellsville 

 district, entitled to his scat. This gave the 

 Democrats 17 votes in the Semite of 1892-'93, 

 and the Republicans 15. 



XEW YORK CITY. Government The 



city olTicials who held office during the year 

 were: Mayor, Hugh J. Grant : President of the 

 Hoard of Aldermen, John II. V. Arnold; Regis- 

 ter, r'rank T. Fitzgerald; Sheriff, John J.Gor- 

 man, all of whom are Tammany Democrats and 

 entered on the duties of their special offices on 

 Jan. 1, 1891. 



Finances. The condition of the city debt on 

 Jan. 1, 1892, was as follows : 



of January and continue, each month then-after, 

 while the moneys to meet -ue|| ol>ligatii 

 ii"t collectable until autumn, and the result 

 is that the city is compelled to provid. 

 with funds for the maintenance of the city gov- 

 ernment and for the payment of its annual 

 charges by borrowing large sums of money, 

 which approached * % JO,<KMl,0<K> la-t year. Qfl 

 cnue bonds, which an- redeemed when the taxes 



are collected. 



The appropriation for current expenses for 

 1891 was > .|.22. of this, $33,7', 



was raised by taxation. The tax rate for 

 the year was 1-90 per cent. This in a lower 

 rate than the citi/.ens have had before since 

 1860. 



As the tax books were not opened for the col- 

 led ion of taxes for the year ls<H until Oct. 5, 

 the current expenses of thiscity \\.-n- m < arily 

 paid from the proceeds of revenue bonds i 

 in anticipation of taxes. The amount of such 

 bonds issued in 1891 was $19.680,150, at a cost 

 for interest of $240,819.42. The condition of 

 the money market has been such that the aver- 



Total funded debt $150,298,869 78 



Less amount held by commis- 

 sioner of tho sinking fund as 

 investments ." $4*>,619,5f>3 94 



Cash 7,1G3,S06 89 



52,783.430 88 



Net funded debt, Dec. 81. 1891 $97,515,488 90 



Revenue bonds issued in anticipation of taxes 



(\-'J\ U s "1 ) 7.600 00 



(1892) 27,000 00 



Debt, including revenue bonds $97,550,08$ 90 



Notwithstanding the fact that bonds to tho 

 extent of $7,582,346.85 have been issued for per- 

 manent improvements during the year, the net 

 debt of the city shows a decrease at the close of 

 t he year 1891 of $514,!}7 ( J.30. The taxes payable 

 in this city in the autumn of each year are for 

 meeting the expenses of the city government for 

 the year in which they are imposed. The obli- 

 gations which the city is required to meet for 

 its general expenditures begin with the month 



age rate of interest paid on these bonds during 

 the past year has been nearly $ per cent, higher 

 than during the year 1890. 



There is a rebate at the rate of 6 per cent, a 

 vear allowed on all taxes paid prior to Dec. 1. 

 This rebate for the year 1SJI1 was $17:!.57'.i.!M. 



Tho Receiver of Tuxes collected $80,698,245.88 

 and the Clerk of Arrears s-,'.(t 15.400.26; total. 

 $88.718,706.14, The discount on taxes paid 

 prior to Nov. 1 was $17:.<i?!.!M, and the intcrot 

 collected on delinquent tax. - s:;5ii.-jxo.lO. 



Board of Kslimnlc ami Apportionment. 

 This body. con>iM ing of the Nlayor. the Comi>- 

 t roller, the President of the Board of Aldermen, 

 and the President of the Department of T:iv - 

 and Assessments, allowed the following amounts 

 for IH'.i-J : 



Mayoralty. $28.000 ; Common Council, $76.800; 

 Finance Department. $:HU'Hi; State 

 $2.398,504.91; interest on city debt. $5.151.- 

 770.94; redemption of prinefpal of city debt, 



