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  HYDROLOGY 
  OF 
  NEW 
  YORK 
  239 
  

  

  In 
  order 
  to 
  make 
  such 
  showing 
  we 
  may 
  consider 
  the 
  statistics 
  

   of 
  the 
  city 
  of 
  Watertown, 
  as 
  given 
  by 
  table 
  No. 
  38, 
  showing 
  

   the 
  amount 
  raised 
  for 
  State 
  tax 
  since 
  1869, 
  in 
  which 
  year 
  Water- 
  

   town 
  became 
  a 
  city, 
  to 
  1898, 
  inclusive. 
  Ini 
  this 
  table 
  column 
  (1) 
  

   shows 
  the 
  years 
  in 
  sequence; 
  column 
  (2) 
  the 
  area, 
  which 
  has 
  

   remained 
  fixed 
  during 
  the 
  whole 
  period 
  at 
  3237 
  acres; 
  column 
  (3) 
  

   the 
  assessed 
  valuation 
  each 
  year; 
  column 
  (4) 
  the 
  rate 
  on 
  the 
  

   dollar 
  of 
  the 
  (State 
  tax; 
  columns 
  (5), 
  (6) 
  and 
  (7) 
  the 
  State 
  taxes 
  

   for 
  each 
  year; 
  column 
  (8) 
  the 
  total 
  State 
  tax 
  on 
  an 
  equal 
  area 
  

   of 
  farming 
  land 
  in 
  the 
  adjoining 
  township 
  of 
  Watertown; 
  column 
  

   (9) 
  the 
  annual 
  net 
  profit 
  to 
  the 
  State 
  on 
  account 
  of 
  the 
  city 
  of 
  

   Watertown 
  — 
  that 
  is 
  to 
  say, 
  the 
  difference 
  of 
  columns 
  (7) 
  and 
  (8) 
  ; 
  

   and 
  column 
  (10) 
  the 
  present 
  value 
  (amount) 
  of 
  the 
  annual 
  net 
  

   profit, 
  being 
  the 
  total 
  increase 
  in 
  wealth 
  in 
  the 
  State 
  by 
  reason 
  

   of 
  the 
  values 
  created 
  at 
  Watertown. 
  The 
  rate 
  of 
  6 
  per 
  cent 
  has 
  

   been 
  used 
  in 
  computing 
  column 
  (10). 
  Referring 
  to 
  the 
  footings 
  

   of 
  the 
  table, 
  it 
  appears 
  that 
  the 
  total 
  State 
  tax 
  from 
  1869 
  to 
  

   1898, 
  inclusive, 
  was 
  f 
  472,330.16, 
  and 
  that 
  the 
  total 
  State 
  tax 
  on 
  

   an 
  equal 
  area 
  in 
  the 
  adjoining 
  township 
  of 
  Watertown 
  has 
  been, 
  

   for 
  the 
  same 
  period, 
  $9,918.41. 
  A 
  comparison 
  of 
  these 
  two 
  

   columns 
  shows 
  forcibly 
  the 
  economic 
  value 
  to 
  the 
  State 
  of 
  munici- 
  

   pal 
  developments. 
  The 
  footing 
  of 
  column 
  (9), 
  which 
  is 
  the 
  differ- 
  

   ence 
  of 
  columns 
  (7) 
  and 
  (8), 
  is 
  |462,411.75. 
  The 
  total 
  value 
  

   (amount) 
  in 
  1898 
  was 
  11,435,193.38. 
  These 
  figures, 
  it 
  will 
  be 
  

   remembered, 
  represent 
  merely 
  State 
  taxation 
  — 
  they 
  do 
  not 
  repre- 
  

   sent 
  the 
  increment 
  to 
  the 
  county, 
  the 
  municipality 
  itself, 
  or 
  to 
  the 
  

   private 
  wealth 
  of 
  citizens. 
  

  

  Inasmuch 
  as 
  Lockport 
  is 
  a 
  town 
  of 
  about 
  the 
  same 
  size 
  as 
  

   Watertown, 
  it 
  is 
  of 
  interest 
  to 
  compare 
  the 
  statistics 
  of 
  the 
  two 
  

   places. 
  Lockport 
  was 
  made 
  a 
  city 
  in 
  1865, 
  and 
  the 
  statistics 
  

   have 
  been 
  brought 
  up 
  to 
  and 
  including 
  the 
  year 
  1896. 
  The 
  

   assessed 
  valuation 
  in 
  1865 
  was 
  $2,929,130, 
  while 
  the 
  assessed 
  

   valuation 
  of 
  Watertown 
  in 
  1869 
  was 
  $3,171,702. 
  The 
  assessed 
  

   valuation 
  of 
  Lockport 
  in 
  1896 
  was 
  $6,785,100, 
  and 
  of 
  Watertown 
  

   in 
  1898, 
  $9,359,612. 
  The 
  total 
  State 
  tax 
  at 
  Lockport 
  from 
  1865 
  

   to 
  1896, 
  inclusive, 
  was 
  $511,861.59; 
  the 
  total 
  State 
  tax 
  on 
  an 
  

  

  