64 EEPORT OF THE 



Cash paid for interest Johnson $410 80 



" cost in Johnson's sur- 

 render 300 00 



Commissioners' Sink- 

 ing Fund 61,768 19 



130,388 70 



Deposited in Brooklyn Trust Company $22,074 48 



Nine purchasers have not yet paid the second instalment of 

 20 per cent, on sixty-two lots, sales amounting to $180,625. 

 At the prices that ruled at the sale had the 735 lots been sold 

 they would not have averaged $600 each. Thus the total sale 

 would have been less than $1,000,000, with large expenses to 

 be deducted, the amount of which we do not know and are not 

 able to find out, as there seems to have been a very imperfect 

 set of books kept. Mr. Wm. A. Brown in his report in 1882, 

 says on this subject, " There appears to be a regular set of 

 books for these east side lands, in which no entries have been 

 made, I have found it necessary "to collect information from a 

 petty cash and memorandum book. I desire to state that 

 since January 1st, 1879, some receipts and disbursements have 

 not been entered, neither has the ledger been posted for some 

 years. The check books since 1866 do not show the entries 

 of any deposits, neither do they show any balance that tallies 

 with those of the bank books."' 



We know that the Legislature was liberal in having the 

 land improved for sale. The first act passed, already spoken 

 of, applied the proceeds of the sale of the reservoir grounds — 

 $215,365 — for such purpose ; the next act, of June 18, 1873, 

 authorizing $200,000 for the same purpose, and on June 16, 

 1877, authorizing a still further sum of $200,000 for the same 

 object. 



Just what bonds were issued and sold under these two acts 

 we are unable as yet to state definitely. All that actu- 

 ally appears as a matter of record is the loan of $51,420 

 out of the sale and the $215,365 from the reservoir fund. It 

 is currently reported, however, that $150,000 worth of bonds 

 were sold and used. 



