Home / King, Charles. A Memoir of the Construction, Cost, and Capacity of the Croton Aqueduct. New York: Charles King, 1843. / Passage

A Memoir of the Construction, Cost, and Capacity of the Croton Aqueduct

King, Charles. A Memoir of the Construction, Cost, and Capacity of the Croton Aqueduct. New York: Charles King, 1843. 273 words

Now if we estimate that we can charge each house, on an average, four dollars, we have $140,000, nearly double the whole interest. If it should be thought that four dollars is too much for some houses, it may be remarked, that several families, in limited circumstances, generally reside in one house, and that this being the case, the landlord might well afford to pay four dollars per annum but as this calculation of four ;

dollars per house, is an average charge, it will be seen that some houses can be charged more than double that rate, while the rate of others can be proportionably reduced. We should have, also, what might be chargeable on livery stables, breweries, dying establishments, manufactories of all kinds, making of mortar for building-, and the supplying our shipping, to create a sinking fund for the final liquidation of the loan and we ;

should not forget that the income referred to is from nearly our present population, which is rapidly increasing, which increase the works would supply with little increased expense. The New River establishment at London charges all dwellings at the rate of five per cent. on the rent of the same, which appears to be a good criterion to regulate the charge, and this rate would produce a revenue to the city.

The committee also suggest that the superintendence and execution of the work they propose, requiring, as it would, uniformity and steadiness of views, and close attention, should not be confided to members of the Common Council, who are continually changing, but to a Board of Commissioners, appointed and paid for the purpose.