Real estate, bounded by Park row, Beekman, Nassau, and Spruce streets. Bonds and Mortgages. Bonds and mortgages belonging to the Commissioners of the Markets. Real Estate occupied for Market Purposes. Bounded by. .$460,153 45 Estimated Value. Centre...... Grand, Centre, Broome and Orange streets.... Gouverneur. Front, South and Gouverneur streets... Harlem.. Third av., west side, bet. 120th and 121st sts.. Total. $100,000 00 75,000 00 60,000 00 95,000 00 210,000 00 30,000 00 6,000 00 10,000 00 75,000 00 50,000 00 18,000 00 380,000 00 $1,109,000 00 COMPTROLLER'S PAY DAYS. The following table will show when to present bills for payment, and pay days in 1853. When the great work of constructing the Croton Aqueduct was first seriously entertained, it met with opposition from many honest and practical individuals, who dreaded the accumulation of so large a debt as its construction would inevitably create, with so uncertain and remote an expectation that its revenues would meet the interest of that debt. The receipt of money derived from the distribution of water commenced on the 5th of October, 1842; and the following table gives the progressive increase for the first ten years: May 1, 1848, to May 1, 1849. 250,483 12 66 May 1, 1849, to Dec. 31, 1850, Eight months 259,532 48 66 66 Jan. 1, 1850, to Dec. 31, 1850.. "Jan. 1, 1852, to Dec. 31, 1852. 458,951 87 Jan. 1, 1851, to Dec. 31, 1851. 458,789 83 533,965 26 On the 1st January, 1850, a law imposing the water rates on all buildings situate on a street in which the distributing pipes are laid, went into effect; previous to that time, charges for water were confined to those only who had it conveyed into their premises. It will be seen that the receipts for 1851 are a trifle less than those for the previous year, owing to the intermediate passage of an ordinance by the Common Council reducing the rates, such reduction being estimated to be equal to $40,000 per annum. Should the rates now charged be continued, and no unforeseen commercial calamity supervene to check the growth of the city, it is thought that the income derived from water will, in the year 1860, reach a million of dollars. These revenues are irrevocably pledged to a sinking fund for the ultimate payment of the debt created in the construction of the works, and are already sufficient, with other items appropriated to the same fund, to meet the interest on that debt. Nothing is now included in the annual taxes for this purpose. 66 The unpaid debt referred to is less than $10,000,000, and the progressive increase of water rates offers a sure guarantee of its early extinguishment. This may, however, and probably will be somewhat deferred by an increase of that debt, consequent upon the intended construction of a new grand reservoir," covering ninety-six acres, and of a capacity to hold seven hundred and fifty millions six hundred thousand gallons-by expensive additions to the High Bridge, over Harlem river, and by the prospective necessity of converting some of the numerous lakes, forming the sources of the Croton, into reservoirs for the storage of water. Whatever additions to the work the future may require, each and all of them will be for the purpose of enlarging the supply, and with that of increasing the revenue; so that as the outlay shall be made, the means of repaying it will, at the same time, be provided. [The foregoing was kindly furnished by the President of the Croton Aqueduct.] |