The total liabilities of the city, exclusive of means directly available for payment, Dividing the aggregate debt between the several Municipalities in proportion to their real estate, the following table will show the per centage on real estate in each Municipality, necessary to liquidate the debt-and it shows, also, upon the basis of the white population, the per capitum indebtedness of each Municipality: Total. Value of real estate. Per MunicipalProportion of White Per capiities. Debt proper. old city debt, centage. populat'n, tum tax, First...... $1,041,992 $737,850 $1,779,842 $17,449,300 $10.20 38,561 $53.01 Second.. 2,298,048 1,276,836 3,574,884 30,192,710 11.87 45,947 77.48 Third..... 287,314 1,187,499 6,794,623 17.47 19,890 59.70 900,185 $4,240,225 $2,302,000 $6,542,225 $54,439,633 $11.92 99,298 $65.884 The per centage of tax necessary to pay this debt, it will be seen, is, on the basis of real estate, 11.92; if the whole assessed property be taken, the per centage would be 9.44. In the tables following are shown the expenses of the city government, as estimated for the year 1852, independent of any payment on account of the principal or interest of the debt: In the annexed statement are shown the revenues of the city from other sources than direct taxation: RECEIPTS OF THE MUNICIPALITIES OTHER THAN FROM DIRECT TAXATION. $217,000 $5,225 $197,000 $144,000 $134,000 $8,678 $5,800 $65,000 The alteration of the rate of the levee duties probably reduced the revenue from that source about $100,000 below what it would have been under the former rates. Expenditures other than for debt...... Balance...... $1,225,369 $458,666 This latter sum is, therefore, to be raised by direct taxation on real and personal estate, on account of the ordinary expenses of the year. It is suggested by the author of the pamphlet from which these tables and the principal facts here embodied are drawn, that the whole debt of the city shall be consolidated so that there shall be but one species of obligation, and that to be represented by the bonds of the city of New Orleans. The debt thus consolidated will present all the guaranties that the city and people can give of its solvency and punctuality. Let authority, then, be given in an amended charter, to issue the bonds of the city at from 30 to 50 years, for the purpose of taking up the present indebtedness. In consolidating the debt let there be three series of bonds, marked A, B, and C, designating the debt respectively of each Municipality-the designation being made simply to mark the origin of the debt, and point out the source whence the means for the payment of interest and principal are to be drawn. An annual estimate is to be made of the amount necessary to pay the interest, and create a sinking fund for the liquidation of the series marked A, and this sum is to be assessed on the real estate of the First Municipality. A similar assessment in the Second Municipality is to meet the bonds B, and in the Third to meet the bonds C. To secure punctuality, it is proposed to deprive the several councils, by a provision in the charter, of the power to act upon other matters until they have passed the necessary ordinance for the protection of this debt; and that the executive department be impelled by strict penal enactments to a faithful discharge of its part of the duty. Thus will direct responsibility be attached to those with whom the power lies, and care and promptitude fully secured. VALUE OF PROPERTY IN THE PROVINCE ON NOVA SCOTIA. Under the department of the Merchants' Magazine for the present month, devoted to "STATISTICS OF POPULATION," we have given from the official report from the Financial Secretary's office, (politely forwarded to the editor by D. McCULLOCH, Secretary to the Board of Statistics,) a complete view of the census of Nova Scotia, taken in 1851. From the same official source we derive the subjoined tabular statement of the value of property, taxation, &c., for the Province in 1851 : VALUE OF PROPERTY AND ASSESSMENTS IN NOVA SCOTIA IN 1851. CONDITION OF THE NORTH-WESTERN BANK OF VIRGINIA. STATEMENT OF THE NORTH-WESTERN BANK OF VIRGINIA, INCLUDING ITS BRANCHES OF WELLSBURG, PARKERSBURG AND JEFFERSONVILLE, 1851-52. RESOURCES. July 1, 1851. Jan. 1, 1852. Bills discounted..... April 1, 1852. July 1, 1852. St'k of North-Western B'k $1,661,453 33 $1,749,855 88 $1,766,690 87 $1,702,358 69 33,600 00 27,000 00 65,400 00 61,500 00 Stock of Wheeling and Belmont Bridge Co.... Other stocks... 5,000 00 5,000 00 Unpaid instalments on st'k 5,000 00 subscribed...... Banking houses... 23,792 44 30,024 37 Other real estate... 26,870 13 10,440 00 10,440 00 10,590 00 Due by other banks.. 285,648 38 161,272 81 178,102 62 312,325 57 Notes of other b'ks, checks and certificates of dep.. Coin...... 356,773 26 321,492 65 348,824 43 876,534 14 Expense account. 7,875 70 7,639 93 In transit between bank 3,787 05 9,865 96 and branches... Total. $2,510,030 09 $2,423,391 88 $2,490,742 58 $2,635,520 69 Total... $2,510,030 09 $2,423,391 88 $2,490,742 58 $2,635,520 69 EXPENDITURES OF THE UNITED STATES FROM 1789 TO 1851. STATEMENT OF THE EXPENDITURES OF THE UNITED STATES FROM 1789 TO 1851, INCLUSIVE. This includes the average annual amounts of $5,896,000, paid to Mexico under the treaty of Guadalupe Hidalgo. 192,795 125,740 85,69 0 UNITED STATES GOVERNMENT RECEIPTS AND EXPENDITURES. The following statement shows the revenues of the United States for the four quarters of the fiscal year 1851 and 1852, ending June 30: This shows an increase in the items of regular revenue; but the customs of the quarter show a decline of $596,001 from the corresponding quarter of last year, and the lands have declined half that amount. The expenditure of the government has, however, for the quarter been less, by nearly one-half, than that for the corresponding quarter last year. PRICES OF MANUFACTURING STOCK IN NEW ENGLAND. The following table, prepared by JOSEPH G. MARTIN, Stock and Exchange Broker, Boston, for the Evening Gazette, includes twenty of the most prominent stocks. It will be seen that all but two have declared dividends within the time embraced in the table, making the present value stand the amount of the dividend better in comparison with six months since : A merchant of Pittsburg sued the Exchange Bank of that city for refusing to redeem a $5 note on the bank, of which one-fifth part had been cut out. It was contended on the part of the bank, that by cutting from several in the same manner, a new note may be formed, and the bank defrauded of the value of it. The judge before whom the case was tried, decided that the prosecutor was entitled to only four dollars, as the value of the note, and consequently rendered judgment in his favor to that amount. The Atlantic Mills have made no regular dividends since going into operation. They are now doing a good business, and having paid up previous losses, may declare a dividend in November next. The Lawrence Manufactruing Co. will doubtless pay a dividend in September. The Thorndike Manufacturing Co. have made no dividend since January, 1851, but the prospect is somewhat favorable for one in January next. |