A Century in the Comptroller's Office, State of New York, 1797 to 1897Roberts, James A. (James Arthur)
History
A Century in the Comptroller's Office, State of New York, 1797 to 1897
Roberts, James A. (James Arthur)
Finance -- New York (State); New York (State) -- Biography; New York (State). Comptroller's Office
John Savage, of Salem, a lawyer, and a Democrat of the "Bucktail" stamp,
was the fifth Comptroller, and at the time of his appointment he was
not new to public life. He had been district attorney of the fourth
district from 1806 to 1811, and again from 1812 to 1813; Member of
Assembly from Washington county in 1814, and Member of the Fourteenth
and Fifteenth Congresses. He rounded out his official career with eight
years (from 1823 to 1831) of honored service as Chief Justice of the
Supreme Court. As a public official it has been said that "he exhibited
candor, industry, caution and excellent judgment." No higher qualities
can be given to any official. Later in life the positions of Chancellor
and Treasurer of the United States were offered to him but declined.
During his term of office there was no substantial change or enlargement
of the powers and duties of the office, aside from the power given to
invest money belonging to the common school fund. The common school fund
had its origin in 1805, and was, as the determination for free schools
became more manifest, an application to a school system of the Utopian
vision of the makers of the State, who sought to pay all the expenses
of maintaining the government by interest from its invested funds. The
common school fund has, unlike the general fund, steadily increased. By
the act of 1805 the proceeds of the first 500,000 acres of vacant and
unappropriated land sold by the Surveyor-General were appropriated as a
permanent fund for the support of common schools. Other sources of
revenue were from time to time turned into this fund, until from its
small beginning of $58,757.24 in 1805, it has now productive investments
aggregating $4,448,140.77. It is a noteworthy fact that no direct tax
for school purposes was laid by the State until 1853, the interest of
the fund alone being appropriated. How small a portion the income plays
in maintaining the schools of the State to-day can be seen in the fact
that the State for the year 1896 appropriated for educational purposes
$4,970,134.53, and this is not a quarter of the amount expended in the
State for the purpose of free schools, when the local contributions are
taken into account. Judge Savage was the last Comptroller who owed his
selection to the Council of Appointment.
[Illustration: Bates Cooke (signature)
_9th COMPTROLLER_]
Public-domain text, read in full here on John Shaqi.
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