NEW YORK CITY. 



535 



SUMMARY. 



Total funded debt, Dec. 31, 1893 $166.470,849 5 



Total funded debt, Dec. 81, 1894 178,991,081 32 



Less amount held by commissioners of the sinking fund for the redemption of debt : 



Investments 62,266,762 64 



Cash 3,441,67944 



Total outstanding Dec. 81, 1893 $65,708,442 08 



Investments redeemed 6^,642,319 05 



Cash redeemed 1,269.941 46 



Total redeemed $69,912,260 51 



Total outstanding, Dec. 31, 1894 $69,912,260 51 



Net funded debt, Dec. 31, 1893 100.076,407 51 



Net funded debt, Dec. 81, 1894 104,078,820 81 



sioners, as follow : Edward P. Barker (presi- 

 dent), John Whalen, and Joseph Bluraenthal, 

 each of whom receives a salary of $7,000, and the 

 president $1,000 additional/ The office is at 

 280 Broadway. They report the total valuations 

 of real and personal property as assessed for tax- 

 ation in 1894 at $2,003,332,037, as against $1,- 

 933,578,529 for 1893, showing an increase of $69,- 

 813,508, which is distributed as follows: Real 

 estate, $50,475.342 ; personal, resident, $10,124,- 

 281: and nonresident, $9,474,829. The total 

 taxation was distributed as follows: Insurance 

 companies, $2,989.546 ; trust companies, $6.556,- 

 002 ; shareholders of banks. $88.218,780 ; railroad 

 companies, $35,988,519: miscellaneous resident 

 corporations, $64,831,461 ; miscellaneous non- 

 resident corporations, $20,097,727 ; resident, per- 

 sonal, $157,742.519 : nonresident, personal, $13,- 

 849.748 ; total, $390,274,302 ; real estate, $1,613,- 

 057.735; total real and personal estate, $2,003,- 

 332,037. 



Public Works. This department is under 

 the charge of a commissioner appointed by the 

 Mayor, independent of the Board of Aldermen. 

 He holds office for four years and receives a sal- 

 ary of $8,000. The present incumbent is Michael 

 T. Daly. The headquarters are at 31 Chambers 

 Street. During 1894 the report of the department 

 shows that the average daily consumption of 

 Croton water was 188,000,000 gallons, being an 

 increase of 14,000.000 gallons over 1893. The 

 length of additional water mains laid was 75,752 



lineal feet. The water system now includes 736 

 miles of water mains, with 7.540 stopcocks and 

 9,475 fire hydrants. During the year 27.830 

 lineal feet of new sewers were built, at an aggre- 

 gate cost of $252,000. There are now on Man- 

 hattan Island 462 miles of sewers, with 5,520 re- 

 ceiving basins. Some 30 different streets or parts 

 of streets, aggregating in length 13,800 lineal 

 feet, were regulated, graded, curbed, and flagged, 

 and 20 new streets of an aggregate length of 21,- 

 400 lineal feet were legally opened by vesting 

 title to them in the city. There were 550 addi- 

 tional gas lamps and 150 additional electric 

 lamps placed on the streets. The department 

 now lights 557 miles of streets with 24,800 gas 

 lamps and 2,630 electric -lamps. New pavements 

 were laid as follow : Granite block, 162,276 

 square yards ; asphalt, 130,262 square yards ; 

 total, 292,538 square yards. There are now 9,003,- 

 000 square yards of pavements on the streets 

 of the city south of the Harlem river. The 

 length of paved streets is 384 miles, of which 303 

 miles are stone pavements, 60 miles asphalt, and 

 21 miles macadam pavement. A drawbridge 

 over the Harlem Ship Canal at King's Bridge 

 Road has been completed. Work is in progress 

 for the construction of the Harlem River bridge 

 at Third Avenue, which is expected to be fin- 

 ished in 1896 at an estimated cost of $1,111,000. 

 The Criminal Courthouse on Center Street, be- 

 tween Elm and Franklin Streets, was completed 

 and opened for use in September. The depart- 



