Appletons' Popular Science Monthly, May, 1900: Vol. 57, May, 1900 to October, 1900Various
Science
Appletons' Popular Science Monthly, May, 1900: Vol. 57, May, 1900 to October, 1900
Various
Science -- Periodicals; Technology -- Periodicals
No other eclipse track will occur in this country till June 8, 1918,
when one of the first kind will pass from Oregon to Florida, two
minutes in duration. Another will occur in New England, January 24,
1925. Eclipses seven minutes in duration will occur in India in 1955,
and in Africa in 1973, the longest for a thousand years. The remoteness
of the last two, both in time and place, put them out of reckoning for
most of us, but those of 1918 and 1925 give additional zest to the
approaching eclipse of May 28th, as affording further opportunity for
confirming facts and noting differences based upon the observations now
made.
THE MOST EXPENSIVE CITY IN THE WORLD.
BY HON. BIRD S. COLER,
COMPTROLLER OF THE CITY OF NEW YORK.
The annual expenses of the city of New York are larger than those of
any other municipality in the world, and the financial transactions of
a year represent the receipt and expenditure of more than $200,000,000,
counting temporary loans, sinking funds, and bond issues. The gross
budget of the city for 1899 was $20,000,000 greater than the expenses
of the city of London, $18,000,000 in excess of the budget of Paris,
and only $1,000,000 less than the combined expenditures of Boston,
Chicago, and Philadelphia.
The expenses of New York last year for local purposes, exclusive of
bond issues, amounted to $19.56 per capita of an estimated population
of 3,500,000. The combined annual expenditures of the six largest
States in the Union are less than those of the city of New York, and
the financial transactions of the latter are equal in amount to one
seventh of those of the national Government.
The credit of the city, it may be stated at the outset, is second
only to that of the Federal Government, and the property owned by the
municipality, if sold at market value, would pay the entire funded debt
several times over.
The consolidation of ninety municipalities with the former city of New
York was the culmination of a sentiment so fixed upon an ideal that
there had been little careful reckoning of the cost. The municipality,
by taking in the extra territory and population, doubled its debt,
added less than one fourth to its tangible assets, and increased
the cost of local government $15,000,000 a year. This added cost is
the price paid by the taxpayers for a sentiment and for haste and
carelessness in the work of completing consolidation. The cost of
government for the enlarged city was in 1899 approximately $15,000,000
more than the combined expenditures of the various municipalities
for the last year of their separate existence. This increase was
excessive and altogether unnecessary to the maintenance of thorough and
progressive government.
Public-domain text, read in full here on John Shaqi.
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