Morning chronicle and commercial and shipping gazette, 14 mars 1877, mercredi 14 mars 1877

[" COMMERCIAL AWD SHIPPING GAZETTE.VOL XXXI.QUEBEC, WEDNESDAY.MARCH H, 1877 No.11 510 FINANCIAL STATE OF THE CITY OF NEW YORK.The fallowing statement, from a Boston paper, gives a tolerable idea of the financial position of the city of New York at the present time, a state of things mainly produced by the control of that oity a few years since by the celebrated Boss Tweed and his manipulators.The question has evidently been canvassed pretty closely, as to whether or not the city is m a solvent position at this period.The Comptroller, during an interview, gives his opinion that it is not in a bankrupt conation, and that it is not even tending that way, municipally or com> mercially.The obligations of New York in the form of bonds and stocks are stated to be $160,000,000 (one hundred and fifty millions of dollars), the city itself holding some $30,000,000, which are invested in the sinking fund.Of this whole amount over $22,000,000 are in the shape of assessment bonds, about $15,000,000 of which will ultimately be reimbursed to the Treasury from the collection of as' sessments, and over $6,000,000J are in revenue bonds issued in anticipation of last year's taxes.Deducting, all from the sum of total indebtedness, the city debt is stated at about ninety millions of dollars.Our Boston contemporary says :\u2014 « The perusal of the Oity Auditor\u2019s auuual report makes it agreeabb-, by comparison, to turn to the financial condition ot New York, as we flea it stated in a recent interview by Comptroller Kelly of that city.With many people in New York it is a serious question whether it is really bankrupt, but the Comp-t:oiler asserts positive ly mat it Is not a d that It Is not tending that way, either municipally or commercially.The city debt is admitted to be large, and the taxes high, bat the trouble is that New York, like the other commercial centres, has been gathering experience from a Ion : term of stagnation and ah inkage.The weigbt of taxation is of coorae felt mote heavily now than wben in-com t were larger, and expenditures are naturally ctiliclstd more ie?erely.The obligations of New York, in the form of bonds and atocka, are stated roundly to be $160,000,090, the city itatlc holoing some $30,000,000, which are invested in the sinking fund.Of this whole amount over $33,000 600 are in the shape of assessment bonds, abjut $15, 000,000 of which will ultimately be reimbursed to the Treasury from the collection of sessments, and over $d,000,000 are iu revenue bonds issued in anticipation of last year\u2019s taxes.Deducting all fiom the sum total of indebtedness, the city debt is stated at about $90,000,000.The claims outstanding against me city aie reckoned to be fairly offset by arrears of taxes, mortgages aud other foe ms of property la Us possession, independent of its real estate.The Utter has been valued by expert appraisers at $300,000,000.8o that io such a view no intelligent clliseo ought to allow bimself to be aifii.ted with apprehensions of the city\u2019s baakiuptcy.\u201cThe great injustice of which New York complains is the imposition of so large a proportion of tne State taxes.Within the last ten years, according to Comptroller Kelly * statement, the city has paid over to the State in taxes mote than $60,000.000, or two-thirds of the present city debt.To remedy a wrong to obvious, it le insisted that the valuation oi property shall be equalised throughout the titace.In onfi-r to bring (his about, it is sug-geeted that a represents ive member from tin city shall ba appointed to the Stite boatd cf Eqoaliz >tiuu, who shall use bis influence ou the city\u2019s be halt and that of plain justice.It is a vety fins thing for the rural dLuict* to govern the State and draw on the city of New York for half and more of the cur.ent year's expenses.But that is a disposition scatcely less manifest iu Massachusetts towards Bos ton than in New York towards its great com merciai emporium.The present heavy burden ot debt which the city is obliged to carry t* very largely expiaioed uy this .emarkabie fact.Then la-ge sums tiave been additi.nal-ly squand-red in extravagant expenditures and lost by frauds, jobbery and kiedted prac tlces known to the rings.An expanded cur reacy baa likewise a great deal to do with the increase of the city\u2019s debt, as it has with that of all otter large cities.It largely increased the cost of public ioaptovements by incteasiug the price of labor and materials, for which two and three times has been paid what would have to ne paid now.And inflated valu- s are to be reckoned as bearing their share in the estimate of the debt.\u201d TNITED 8TATB-I MAIL.STKAMJLKr1, Sail ev*-ry Batorday (torn SEW YOHK AND GLASGOW (via London-derr/), AND LONDON DIRECT.Rates of passage payable in U S Currency.yew York to Glasgow, Liverpool, BELFAST, OR LONDONDERRY.Oablna $65, to $40, according to accommoda-tiers.gx«>urslanTlnketa,$120to$140.NEW YORK AND LONDON (direct) Cabins, $5i to$70.Excursion Tickets, $100 to$l20.Steerage always as low as hy any other Une.The Passenger accommodations of Anchor Une Steamers are unsurpassed for elegance and enmfort.Cora cany's offices, T Bowling Green, N.Y-GUSTAVE LEVE, Agent, opposite St.Loul* Hotel, (Quebec.O nober 6.1876.\tm»r6 ANCHOR LINE.Mifai WIARJJ* CU N A IJ L i N war, with distinction.He then settled at St.Lou is, andwaa elected to the Senate by tbe R-publicans, when they controlled Missouri.Though he supported Graut\u2019s first election, be diff-red with bim on points of policy, ami opposed his re-election, and supported Greeley.Iu 1875, be assisted the Ripublic-ans of Ohio, as the advocate of tha resumption of specie payments, and has been a warm supporter of Hayes in this election.He is altogether a superior man, of flue literary training, polished iu manner, and may be called brilliant.j^Chirles Dcvens, Attorney-General, was born in Charlestown, Massachusetts, in 1830.He graduated from Harvard la 1838, aud afterwards from the Law 8 hool of that college.He has served iu bis State Senate and House,- and also on the Bench.He entered tbe army in 1861, and served through the war, with distinction, leaving with the of Major-General.Politically he haa been Republican.David M.Key, Postmaster General, is the son of a Baptist minister, born In East Tennessee in 1824.He was educated in his native State.Iu 1861, he joined the Confederate Army, and serwd through the war, when he returned to the practice of law.Though Democrat in politics, he was liberal and exerted himself in favor oi the politi 'al rights HaM West india R.ld.Route.CUNARD LINE.nHE STEAMER» OF THIS LINE ARK A Intended io sail from HALIFAX, N.8.monthly for 8T.THOMAS, WEST INDIES, calling at BERMUDA, going aud returning.Proposed dates of sailing as under, or If MAIL from ENGLAND haa not then arrived Steal er will await He arrival i FROM HALIFAX.Monday,\t10th July, 1876.\u2022«\t7th August,\t\u2022\u2022 m\t4th Sept.,\t\u201c m\t2nd Oct ter\t\u2022\u2022 Approximate dates of Sailings, FROM CT THOMAS.W I.Wednesday, 19th\tJuly, 1876.\u2022*ge apply at the Oo.'r,pAoy\u2019s Office, No.4, Bowling Green, New York.OKAS.G FRANCKLYN, Agent.March 12, 1877 DOMINION mi pm m tin SfükîS 6.8.COMPANY, exerted himself iu fivorot the political rights _\t/yiltbat nothing surpaies It of the blacks.Iu 1875, be was appointed to otUrg60II UD for the cure of rbeuma- q, fill a vacancy in the U S.Senate.Since the\titem, gout, contracted £) vacancy war he has been sealoua to promote harmony and peace.He was an acknowledged Demo-orat, though liberal toward his opponents.Thue President Hayes bas made up bis Cabinet, without a political precedent In later timet, by appointing five decided Republicans, one Liberal and one Democrat,\u2014all, however, superior men\u2014and thus far gives evidence of a purpose ot reform._ ,\t,\t, v rda and muselas, and Liniment.w»1»» Sold by Druggists and all dealers In medlelue.Cook\u2019s Friend Baking Powder OXES No.1 Bnklrg Powder, ea«h 4 dc*.each 6 doa.ea:h 4 dos, M.G.MOUNTAIN.\u2022 itttin LINE IS COMPOSED OF THE A.following FIRST-GLASS, FULL POW E8ED, CLYDE BUILT STEAMSHIPS, aud Is Intended to perform a regular service between Liverpool, Quebeo^and Montreal IN SUMMER, Salting from Liverpool, Wodnesdsy*, weekly Liv*ipool, Halifax end Philadelphia, aud Liverpool, Bord any, Oorunsa, Havana and New Orleans, IN WINTER.T-iasa vessel» have very superioraooommo* .'avtun for Cabin aud Steerage Passengers, and p i-paid Ttrkeit art itiutd al rttiucéd priotl to tett rbrtrous ot bringing oui iktirfritndt.) It TA RIO.- 8,200 Oapt.F.B Bonchetto Dl MIN ION.> 4,3011 Oapt.J.Roberta.L&Mi\u2019HiS.2,600\tOapt.H.Mellon.*I!*4IcUJ!PPJ.2,200\tOapt.O.J.LlndalL fEXAï».â)J50\tOapt.A.Laurenaon.QUEBEC.2,8 IP\tOapt^J.Thearle.BORA3HIA.2,160\tOapt.J.Hoare.4f\t.i.K-74\tOapt.Held.BAVARIA.2,800\tOapt.Williams.RATES OF PAiSAGE: Cabin -To Halifax aud Philadelphia, £10.10*.to New Orleans £20.Htxvbaok\u2014Outward, fl guineas ; Homeward $24.00 Through Bills of La-Hug for freight given to all parts of Cana !a aud tbe States, For fur her particulars, Ac., apply to FL1NN, MAIN A MONTGOMERY, Liverpool, WILLIAM BROCKIK, Philadelphia.A.G.JONHS A CO., Halifax D.TuRRANCE A CO., Montreal.Or, to WM.M.MAOPHER^ON, Commercial Chambers, Quebec.February 8, 1477.Do.Do.No.2 No 3 For sale by March 12, 1877.Am-oo-Aw March 1, 1877.MR.FRED.CONNER.JbVERTISIMB «SENT,' Avenging Mountain Meadow.Biavir, U.T., March T\u2014In the Second District Court, at 4 o\u2019clock this afUrnoon, Judge Boreman p >ssed sentence of death on John bz-\u201d' I u, rue de chabrol, L