HYDROLOGY OF NEW YORK 



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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. In 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; colunm 

 (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 $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 f 462,411.75. The total value 

 (amount) in 1898 was $1,435,193.38. 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 



