New York City Water Front LETTER FROM TO THE Commissioners of the Sinking Fund, GIVING SOME ACCOUNT OF HOW NEW YORK ACQUIRED HER WATER FRONT, TWO HUNDRED YEARS AGO, AND UNDER WHAT LAWS. RULES AND REGULATIONS, WHARVES, STREETS, BULKHEADS AND PIERS WERE BUILT. AND OTHER IMPROVEMENTS HAVE BEEN MADE, AND HOW TRADE AND COMMERCE ARE NOW CRIPPLED IN DIVERS WAYS FOR WANT OF ADDITIONAL IMPROVEMENTS AND FACILITIES WHICH THE DEPARTMENT OF DOCKS IS AUTHORIZED AND DESIRES TO MAKE, AND FOR WHICH IT HAS ASKED FOR THE ISSUE OF BONDS AS PRO- VIDED FOR BY LAW, AND IS SO MUCH NEEDED. From the "City Record," September 22, 1886. NEW YORK : Martin B. Brown, Printer and Stationer, 49 AND 51 Park Place. J 8 8 6. i Ex ICihrtB SEYMOUR DURST "l ' Tort nieutt/ ^rn^erdam- oj^ JAatJiatarus FORT NEW AM-STERDAAi. (mew York) , 1651. When you leave, please leave this hook Because it has heen said "Sver'thing comes t' him who waits Except a loaned hook." Avery Architectural and Fine Arts Library Gift of Seymour B. Durst Old York Library New York City Water Front. LETTER FROM TO THE Commissioners of tlie Sinking Fund, GIVING SOME ACCOUNT OF HOW NEW YORK ACQUIRED HER WATER FRONT, TWO HUNDRED YEARS AGO, AND UNDER WHAT LAWS, RULES AND REGULATIONS. WHARVES, STREETS, BULKHEADS AND PIERS WERE BUILT, AND OTHER IMPROVEMENTS HAVE BEEN MADE, AND HOW TRADE AND COMMERCE ARE NOW CRIPPLED IN DIVERS WAYS FOR WANT OF ADDITIONAL IMPROVEMENTS AND FACILITIES WHICH THE DEPARTMENT OF DOCKS IS AUTHORIZED AND DESIRES TO MAKE, AND FOR WHICH IT HAS ASKED FOR THE ISSUE OF BONDS AS PRO- VIDED FOR BY LAW, AND JS SO MUCH NEEDED. From the "City Record," September 22, 1886. NEW YORK : Martin B. Erown, Printer and Stationer, 49 and 51 Park Place. I 8 S 6. ■ ■A. FROM THE CITY RECORD (Official Journal) OF SEPTEMBEI\ 22, 1886. . Extract from the Minutes of the Proceedings of the COMMISSIONERS OF THE SINKING FUND, AT THE MEETING HELD SEPTEMBER 17TH, 1886. Present — William R. Grace, Mayor ; Frederick Smyth, Recorder ; Edward V. Loew, Comp- troller ; and William M. Ivins, Chamberlain. * It * if * it A * * * it. * The Comptroller submitted the following communication from Simon Stevens, Esq., in relation to the manner New York acquired its water-tront, two hundred years ago ; and under what laws, rules and regulations, wharves, streets, bulkheads and piers were built and other improvements made, etc., which, on motion of the Recorder, was received and ordered printed in the minutes : Some account of how New York acquired her water-front, two hundred years ago, and under what laws, rules and regulations, wffarves, streets, bulkheads ' and piers were built, and other improvements have been made, and how trade and commerce are now crippled in divers ways for want of additional improvements and facilities which the department of docks is authorized and desires to make, and for which it has asked for the issue of bonds as provided for by law, and is so much needed. Offices of Simon Stevens, ] No. 61 Broadway, New York, \ August 30th, 1886. ) To the Commissioners of the Sinking Fund : Gentlemen — In the year 1686, the Crown of England, by the Dongan Charter, granted to the City of New York, then a municipal corporation, vast political, legislative, executive and judicial powers. 4 The legislative power was conferred upon the Common Council, which was authorized "to '* frame, constitute, ordain and establish, from time to time, all such laws, statutes, ordinances and ** constitutions, which to them or a greater part of (hem shall seem to be good, useful or necessary ♦* for the good government of the body corporate." The Dongan Charter, among other things, granted to the City of New York all the land between high and low water mark around the Island of Manhattan, with jurisdiction over the same, with power to take in, fill and make up and lay out all and singular the land and grounds in and about the said city and Island Manhattan, and the same to build upon or make use of m any other manner or way as to them shall seem fit, as far into the rivers thereof, and that encompass the same, as low-water mark aforesaid. By the Montgomerie Charter, in 1730, the Crown further granted a strip of land, four hundred feet in width, lying immediately outside of low-water mark, extending from Corlear's Hook (now Jackson street), on the East river, around the southern extremity of the island, to Bestayer's rivulet (excepting, however, the space in front of the Battery), with full power and authority at any time thereafter to fill, make up, wharf and lay out all and every part thereof, and to take the wharfage and cranage and dockage arising or accruing therefrom ; but it was provided in said charter that nothing therein contained should empower or entitle the City to wharf out before any persons who had prior wharf grants beyond low-water mark, without the actual agreement or consent of such persons, and that of the wharves to be built or run out by the City, there should be left, towards the East and North rivers, a street forty feet broad, for the convenience of trade and the planting of batteries in case of necessity. The grants made by the Mayor, Aldermen and Commonalty of the City of New York to private persons, of "the land between high and low water mark, which it had acquired by the Dongan Charter, were generally uniform in their character and are fairly represented by the grant to William Boyle, dated November 19th, 1686. Grants of land under water to be filled up and made dry land, acquired by the Montgomerie charter, and given by the Mayor, Aldermen and Commonalty of the City of New York to private parties who had pre-emptory rights to upland and land between high and low water marks are fairly represented by the grants to Anthony Rutgers, May 12th, 1732, and October nth, 1734. These grants generally embraced in their length the whole width of the four hundred feet strip of " land under water " acquired by the City. Upon, or at, the outer end of the four hundred feet "strip of land under water" thus granted on the east and west side of the city a street forty feet wide was to be built by the grantees, and to be known on the east side as " South street," and on the west side as "West street." It was construed that this forty-feet street was to be built on land under water, out beyond the four hundred feet specified in the Montgomerie Charter, and was subsequently so recognized by an ordinance of the Common Council passed February loth, 1796. Under the Dongan and Montgomerie Charters the Corporation of the City of New York acquired all the title to the land granted which the Crown of England could convey, and it also acquired all the rights to fill up such lands and build wharves thereon, and receive the wharfage and other advantages therefrom which the sovereign authority could give it, and at an early day made many grants to divers private persons, of these same lands under water, with the right to said private parties to make wharves and take the wharfage, dockage, cranage, emoluments, etc., accru- ing therefrom ; such grants extended out into the East and North rivers to unequal distances within the ownership of the City by reason of the sinuosity of the shore lines. At the close of the "War of the Revolution " the State of New York succeeded to the owner- ship of the unceded Crown lands under water in navigable streams within its boundary and assumed to legislate in relation to them. The City's grantees took their grants in good faith, and did fill up said land under water and make it dry land, and did build the streets or wharves, and for so doing they or their successors in title have received, and are now receiving, the wharfage and other emoluments therefrom, and have .done so for the last seventy-five to one hundred years. 5 In 1793 the Common Council passed a resolution that the outer street along the East and North rivers should be. seventy feet in width instead of forty feet, and in April, 1795, Passed an ordinance, establishing South and West streets as the outer, extreme and permanent streets on the rivers. In the same year it was held that the Common Council could not compel the proprietors to build South street seventy feet wide, because the additional thirty feet beyond the forty feet named in their respective grants would be upon land under water belonging to the State of New York, to which the City then had no title. On the loth, of February, 1796, an ordinance was passed by the Common Council, somewhat, but not materially, altering the permanent line of South and West streets and extending the respect- ive lots then theretofore granted, out to the new street of seventy feet in width. On the 1 2th, of February, 1798, the Common Council presented a petition to the Legislature of the State of New York, asking that power be conferred upon the Common Council to cause South street to be made seventy feet wide, for the reason stated in the petition, and to give it the right to extend piers, at right angles to the permanent streets, into the river, at proper distances from each other, with suitable bridges, etc., etc. In response to this petition, the Legislature, on the 3d, day of April, 1798, passed **An act concerning certain streets, wharves, piers, etc., in the City of New York. " See Session Laws, 1798. That act reciting in its several whereases, substantially, the body of the petition of the Common Council, provided that the City might lawfully lay out, according to such plans as it shall or may agree upon or determine, such streets or wharves as in the petition mentioned, in front of those parts of the city which adjoin to the said rivers, and of such extent along these rivers, respectively, as it may think proper, and authorized the City to lengthen and extend the streets and wharves, according to said plan, by and at the expense of the proprietors of land adjoining or nearest and opposite to the said street or wharves in proportion to the breadth of their several lots, and provided penalties for those who omitted or refused to fill up and level, at their own expense, according to such plan and within the time prescribed. The same act provided that the City could direct piers to be sunk and completed at such dis- tances and in such manner as it might, in its discretion, think proper, in front of the said streets or wharves, at the expense of the proprietors of the lots lying opposite to the places where such piers shall be directed to be sunk. And provided, further, that every clause, covenant and condition in the several grants of the City to the said proprietors, respectively, or to those under whom they claim to be kept, observed or performed by the grantees, respectively, and their heirs, etc., notwithstanding this act, were to and did retain their full force and validity and were in no manner to be affected by the said act, or anything to be done or performed in consequence thereof ; and as to the City's rights, pow- ers and privileges and as grantees they were not to be broken or to infringe any of the covenants or conditions on their part. It was enacted, that no building of any kind or description whatsoever (other than the said piers and bridges) shall, at any time hereafter, be erected upon the said streets or wharves, or between them respectively, and the rivers which they respectively front and adjoin. See Session Laws, 1798. ** An Act concerning certain Streets, Wharves and Piers and the Almshouses and Bridewell, in "the City of New York. Passed April 3d, 1798. ** Whereas, It would conduce to the improvement and health of the said city, as well as to *'the safety of such ships or vessels as may be employed in the trade and commerce thereof, that " regular streets or wharfs, of the width of seventy feet, should be laid out and completed m front ** of those parts of the said city, which adjoin to the East river or Sound, and to the North or Hud- *' son's river, and that piers should be extended from the said streets into the said rivers respect- ** ively, at convenient distances from each other, with suitable bridges, for the accommodation of ** sea vessels, and upon such a construction as to admit of current of the said rivers at both ebb and *' flood, to wash away all dirt and impurities. 6 "And Whereas, the said Mayor, Aldermen and Commonalty, by petition to the Legislature, "under their common seal, have represented that they are disposed to make the said improvements, " but that from the curving and irregularities of the shores of the said rivers in their original state, " from the grants made by their predecessors, being deemed to extend to unequal distances, into *' the said rivers, and from other causes difficulties have arisen as to the execution of a proper plan, "and doubts have been entertained whether they could compel the proprietors of lots fronting on " the said rivers, to make those streets within a reasonable period or to sink and build those piers, "and whether the said petitioners could without a breach of the conditions and covenants contained " in their grants to individuals, upon the refusal or neglect of such proprietors, sink, build, and " make those piers, streets and wharves at their own expense, and receive wharfage as a compen- "sation for the same, which doubts and difficulties can only be removed by the aid of the Legis- " lature. "And Whereas, defects have been discovered in the provisions for assessing and raising money " in the said city under an act entitled 'An act for regulating the buildings, streets, wharves and " slips in the City of New York ' ; therefore, " Sec. I. Be it enacted by the People of the State of New York, represented in Senate and " Assembly, That it shall and may be lawful for the Mayor, Aldermen and Commonalty of the " City of New York to lay out, according to such plans as they shall or may agree upon or deter- " mine, such streets or wharves as hereinbefore are mentioned, in front ot those parts of the said " city which adjoin to the said rivers, and of such extent along those rivers, respectively, as they " may think proper, and that as the buildings of the said city shall be further extended along the " said rivers, it shall and may be lawful for the said Mayor, Aldermen and Commonalty, from " time to time, to lengthen and extend the said streets and wharves. " Sec. 2. And be it further enacted. That the said streets or wharves shall be made and com- " pleted, according to the said plan, by and at the expense of the proprietors of land adjoining, or " nearest and opposite to the said streets or wharves, in proportion to the breadth of their several " lots, by certain days, to be for that purpose appointed by the said Mayor, Aldermen and Com- " monalty, and that the respective proprietors of such of the said lots as may not be adjoining to " the said streets or wharves shall also fill up and level, at their own expense, according to such " plan, and by the said days respectively, the spaces lying between their said several lots and the said " streets and wharves, and shall upon so filling up and leveling the same, be respectively entitled " to and become the owner of the said intermediate spaces ot ground in fee simple. " Sec. 3. And be it further enacted. That if any of the said proprietors shall neglect or refuse " to fill up and level such intermediate spaces of ground by the said days to be so as aforesaid " appointed, it shall and may be lawful for the said Mayor, Aldermen and Commonalty to cause " the same to be done for and on behalf of the said proprietors, and to charge them with the " expense, and if the said proprietors, respectively, shall not repay the said expense, with lawful " interest from the times of the expenditure, within one year and six months after demand for that " purpose made by the said Mayor, Aldermen and Commonalty, or any person on their behalf, it " shall and may be lawful for the said Mayor, Aldermen and Commonalty to levy the same, to- " gether with the interest thereof, and all reasonable costs and expenses attending such proceedings, " by distress and sale of the goods and chattels of such proprietors, or the occupants of the said lots, " respectively, or to recover the same from the said proprietors, respectively, by action of debt in " the Supreme Court of this State, wherein it shall be sufficient to allege generally that the defend- " ants respectively are indebted to the Mayor, Aldermen and Commonalty in a certain sum for " money expended on their account, by virtue of this act, and in such action any less sum than the " one declared for may be recovered, and full costs shall be taxed for the plaintiffs, if judgment " shall be given in their favor. " Sec. 4. And be it further enacted. That the said sums to be expended as aforesaid on behalf " of the said proprietors respectively, and all and every sum and sums of money which may have " been, or shall at any time or times hereafter be assessed among the owners or occupants of any " houses and lots by virtue of the said act, entitled ' An act for regulating the buildings, streets, " wharves and slips in the City of New York,' shall be a real encumbrance and charge upon the " houses and lots in respect to which such assessments shall have been made, and shall bear lawful " interest until paid, and shall be entitled to a preference above all other incumbrances upon the " same ; and that the same sums and interest money may be sued for and recovered, with costs, in " like manner as if the said houses and lots were mortgaged to the said Mayor, Aldermen and " Commonalty for the payment thereof ; provided always, that nothing herein contained shall " extend to charge any such houses or lots which may have been bona fide sold and disposed of " after the making of such assessment thereon, and before the passing of this act. " Sec. 5. And be it further enacted, That it shall and maybe lawful for the said Mayor, Alder- " men and Commonalty to direct piers to be sunk and completed, at such distances, and in such " manner, as they in their discretion shall think proper, in front of the said streets or wharves to be " so made as aforesaid, and to be connected with the same by bridges, at the expense of the pro- " prietors of the lots lying opposite to the places which such piers shall be directed to be sunk, and 7 ** by such days and times as the said Mayor, Aldermen and Commonalty may for that purpose " limit and appoint ; and if the said proprietors shall neglect or refuse to sink or make the said " piers and bridges, according to the directions of the said Mayor, Aldermen and Commonalty, it " shall and may be lawful for the said Mayor, Aldermen and Commonalty to sink and make the *' same piers and bridges at their own expense, and to receive to their own use, wharfage for all *' vessels that may at any time or times lie at, or be fastened to the said piers or bridges, which they ** shall so make as aforesaid. "Sec. 6. And be it further enacted. That every clause, covenant and condition in the several '* grants of the Mayor, Aldermen and Commonalty of the said city, to the said proprietors respect- " ively, or those under whom they claim to be kept, observed or performed by the grantees " respectively, and their respective heirs, executors, administrators and assigns, shall, notwithstand- " ing thfs act, retain their full force and validity and shall be in no manner affecred by the same, " or by anything to be done or performed in consequence thereof, and the said Mayor, Aldermen " and Commonalty shall have, possess and be entitled unto the like payments, rights and remedies, " by virtue of the said grants, as they might or could have had, or would have been entitled to, if " this act had never been passed, and shall not, by the performance of anything herem contained, " be deemed to have broken, or infringed any of the covenants or conditions on their parts, con- " tained in the said grants. " Sec. 7. And be it further enacted, That no building of any kind or description whatsoever " (other than the said piers and bridges) shall at any time hereafter be erected upon the said *' streets or wharves or between them respectively, and the rivers to which they respectively shall *' front and adjoin." Note. — Sections 8, 9 and 10 following, which comprise the rest of this act, relate exclusively to the Almshouse and Bridewell. By the act of the Legislature passed April 3d, 1798, as well as under acts passed prior thereto, general authority was conferred upon the City to lay out and construct wharves, and the general system seems to have been for the City to convey the lands under water to individuals, requiring them to fill up the land and construct streets or wharves, with the right to receive the wharfage and other emoluments and advantages arising therefrom, which system has repeatedly been recognized by the legislature. South and West streets were finally laid out under the ordinances passed by the Common Council in pursuance of the law of 1798. South street extended northward on the East river to Corlear's Hook, On the 2d, day of June, 1800, James Remsen and others petitioned the Common Council for one or more piers to be run out into the rivers between Whitehall Slip and Broad street. This petition was referred to the Street Commissioner and Mr. Alderman Coles as a committee, who on January 12th, 1801, reported that, after reflection they were of the opinion that the erection, of piers between Whitehall Slip and Fly Market (now Maiden Lane) was of the highest importance, more especially since the Corporation has caused the permanent line within that space to be com- pleted and thus deprived shipping of the use of old piers, and they recommended the passing of an ordinance directing the proprietors of lots on South street within the boundary above mentioned to commence the building of fifteen piers according to the plan to be thereafter mentioned, and in case of their neglect or refusal to do so the delinquents were to be deprived of the benefits of their grants. On the 23d, of February, 1801, the whole subject was again under consideration by the Com- mon Council, and was referred to a special committee, consisting of the Aldermen of the Second, Third, Fourth and Fifth Wards. By an act of the Legislature, passed April 3d, 1801, authority was given to the Common Council to grant to the owners of lots fronting on South and West streets, upon certain terms and conditions, " a community of interests in the piers to be sunk in front of such streets, within such limits as the Corporation should deem just." On May i8th, 1801, the question of erection of piers being again under consideration by the Common Council, the question was referred to the Recorder to examine the law in regard to grants of land under water, acquired by the Montgomerie Charter, etc., etc." The Recorder subsequently reported to the Common Council that neither the act of 1798 nor any other act vested in the Corporation any title to land under water, outside of the four hundred 8 feet granted by the Montgomerie Charter, nor had the City any right to impose any quit rent on such land. On February 28th, 1803, the Comptroller submitted to the Common Council a statement in relation to the water-grants theretofore made, also some recommendations which were adopted. In 1803, sundry citizens, owners of water lots on East river, petitioned for authority to build piers under the act of 1798, and the ordinances of the Common Council. Their petition was granted, and piers were built accordingly, and the wharfage and other emoluments thereof are enjoyed by their successors in title to this day without dispute. By chapter 126 of the Laws of 1806, the Legislature authorized the City to construct additional slips and basms and to take to itself the wharfage therefrom. The first section of that act contains the following proviso : Provided always, that 'nothing herein contained shall be construed to deprive any person who may have made piers by the direction of the said Mayor, Aldermen and Commonalty, in pursuance of an act entitled, *An act for regu- lating the building of streets, wharves and slips in the City of New York,' of any legal right which they may have thereby acquired, or to interfere with any private property or right or privilege held under grants of the said Mayor, Aldermen and Commonalty, or otherwise " ; and in the third section it was provided "in case any of the persons who, according to the said above-mentioned act, shall have been directed to sink or complete piers and bridges in the said city, have neglected or shall neglect to comply with such directions, it shall be lawful for the said Mayor, Aldermen and Com- monalty to grant the right of making such piers and bridges, and the right of receiving the profits thereof to any person or persons in fee or otherwise, upon such terms as they shall think proper." On the 3d, of April, 1807, an act was passed by the Legislature relating to the map or plan of the city, wherein the XV section provided for duly regulating and constructing slips and basins, and for running out wharves and piers, and declaring that it was essential that the right to the land under water, below low-water mark, should be vested in the Corporation of the City of New York ; but it was ** provided always " therein also " that the proprietors of the lands adjacent shall have pre-emptive right in all grants made by the Corporation of the said City of any lands under water granted to the said Corporation under this act." In December, 1807, the Commissioners of the Land Office, by letters patent duly issued by them, granted to the City of New York all the right and title of the people of the State- to the lands covered by water along the East and North rivers, as designated and described in and authorized by the act last referred to. Under the two charters and the course of the legislation referred to, the City acquired the title to the land granted which the Crown of England or the State could convey, and it also acquired all the rights to fill up such lands, and build wharves thereon and receive the wharfage and other advantages therefor, which the sovereign authority could give it. Taking the language of the charters and grants, the course of legislation, and all the statutes in pari materia, the situation of the lands granted, and the use to which many portions of them had, with the knowledge and consent of the Legislature, been from time to time devoted, it is clear that the lands under water around the city were conveyed to it in fee to enable it to fill them up as the interest of the City might require, and to regulate and control the wharf and wharfage. Whatever title and property rights the City thus obtained it could transfer and convey to individuals. Having the power to extend the ripa around the city, and thus make dry land, it could authorize any individual to do it. Whatever wharves and docks it could build it could author- ize individuals to build, and whatever wharfage it could talocx) oo Deduct improvements already made and cost of property betvv^een Canal street and West Eleventh street, 3,318 feet, as estimated, say 4,143,000 00 Amount required to complete improvements, covering the value of the City prop- erty and purchasing private property between the Battery and Canal street, as show^n $13,392,000 00 If, then, additional improvements are made, it is reasonable to be supposed that the investment will readily return the same revenue of 10 per cent, per annum, or say a net income of $1,339,200 00 For which the City will issue 3^ or 4 per cent, bonds, or say at 4 per cent., the interest on which would be 535 > 680 00 A net profit in revenue for this district of $856,000 00 To which add the district between Canal and West Eleventh streets already com- pleted 400,000 00 You will have a total net Vevenue per annum on value of property and cost of improvements of over $1,250,00000 EAST RIVER. From Whitehall street to Brooklyn Bridge 6,411 feet. Approximately City property 3>753 feet. Approximately private property 2,658 " 6,411 Cost of widening South street 130 feet to make the street 200 feet wide, building bulkheads of granite masonry, filling-in and paving same, say 6,411 feet, at $300 per lineal foot is $1,923,300 00 Building twenty-four piers, averaging $50,000 per pier each 1,200,000 00 To reimburse private owners for 2,658 lineal feet of bulkheads, including piers at, say, $1,000 per foot 2,658,000 00 Total for improvement on East river, between Brooklyn Bridge and Wlutehall street $5,781,30000 With the bulkheads these piers will readily rent for $25,000 each, besides the ferries; adding these together will bring an income to the City of over 10^ per cent, on the cost or value of the property and improvements. These high rentals are exorbitant and with other causes have tended to drive commerce from New York — $30,000,000 in value has already gone to Hoboken, Jersey City, Communipaw, Gowanus Bay and to Brooklyn. Now Staten Island and Greenville are looming up as competitors, and want as much more. It is a serious question whether or not we should use 1,000,000 cart-loads of ashes per annum to fill the widenings of West and South streets, or dump it into the bay or off the mouth of the harbor. The Law Department insists that the Dock Department shall refuse permission for the improvement of private property which the City wants to purchase. What must the private prop- erty-holder do, if he cannot improve his holdings ? What must shippers do for want of dock facilities ? The trade and commerce of the whole country, as well as that of the City of New York, has been made to suffer from this peculiar policy. i6 The policy heretofore pursued has prevented the acquisition of all but about six hundred feet of private property in the fourteen years since the organization of the Department of Docks. Private individuals are, and have been, willing to improve property or to sell their holdings on the water-front at reasonable prices. I have shown that ten years have been spent in litigations and the City has only acquired about six hundred feet of private bulkheads between the Battery and West Eleventh street, out of ownerships of over six thousand two hundred feet, and has accom- plished nothing on the East river, notwithstanding several attempts haVe been made to come to an amicable understanding and agreement. As I have said, the private owners are willing to " sell all the bulkheads, wharves and pier rights, not already owned by the Corporation of the City of New York," for a specific sum or price of which the Dock Department is to be the judge of its adequacy, subject to the approval of the Commissioners of the Sinking Fund. The Dock Department has been completely paralyzed for want of funds to go on with the per- manent improvement of the water-front. Permit me to suggest that after the purchase of private bulkheads or pier property on North or East river, in contemplation of the permanent improvements, the first money expended should be in building fifteen or twenty piers on the new plan, with cheap tempor9,ry approaches, and later to build the permanent bulkhead of granite masonry — as has already been done in several instances. This course would incommode the pier lessees in the least possible manner and keep most of the water-front in use while the work was going on. Then, at the same time, the existing marginal structures between the piers can be widened by temporary platforms, to remain until the permanent wall is built, and the area behind is filled in with coal ashes — the debris of old buildings, and cellar dirt, now dumped into the bay or off the mouth of the harbor of New York. Over 10,000,000 cubic yards of such valuable material has already been taken seaward since the Dock Department commenced its improvement of the water-front. Had the private property specified been purchased instead of some of it seized, this amount would have been suf- ficient to have filled in behind the bulkheads of the widened streets from the Brooklyn Bridge clear around to West Eleventh street. These marginal platforms of very efficient construction, it is esti- mated, will not cost more than fifty cents per square foot, or, say $90 per running foot front, and the bulkheads, when thus temporarily built, will readily lease for $20 per running foot, or at over tw^enty per cent, per annum, for four or five years, on their cost, while the granite bulkhead is gradually being built. I may say here too, that contractors who have the debris of old buildings and cellar dirt to remove would gladly pay the Dock Department twenty-five cents per cart-load for permission to dump their materials in as filling, instead of sending it seaward by scows at a much greater cost and loss to the City. It is estimated that 500,000 cart-loads per annum are wasted and the City loses even this income of $125,000, but the harbor is also damaged by having it taken seaward. I find upon inquiry that several old piers belonging to the City are leased at an annual rental of $15,000 under stipulations, that when the City chooses to rebuild them, say at a cost of $50,000 to $55,000 each, the lessees will have to shed the same at their own cost, and will have to pay $30,000 per annum rent, or in other words, will have to pay the City $15,000 additional rent per annum on an expenditure of say $55,000, a profit of over twenty-six per cent, on the investment for rebuilding the piers, and the same parties will also pay $20 per running foot for a lease of the bulkhead between the piers, or say twenty per cent, per annum on the cost of the temporary bulkheads. As a financial investment for the City, where could there be a safer one ? How could commerce be so improved or New York so benefited as by thus improving and making the water-front the most copimodious and the harbor the most inviting in this hemisphere ? I have the honor to be, gentlemen, . Your obedient servant, SIMON STEVENS. The Comptroller submitted the following report in relation to issuing Dock Bonds for the uses and purposes of the Department of Docks, viz. : 17 City of New York — F'inaNCe Department, \ Comptroller's Office, v September 17th, 18S6. ) To the Commissioners of the Sinking Fund : Gentlemen — On the 27th of July, last, a preamble and resolution, adopted by the Commis- sioners of Docks on July 15th, relative to the issue of Dock Bonds tor two million dollars, authorized by a resolution of the Commissioners of the Sinking Fund, adopted on the 9th, day of July, 1885, was referred to the Comptroller, together with a communication from the Commissioners of Docks, containing estnnates of the amount required for the purchase of bulkheads and piers from private owners, and the cost of the improvement of the water-front within certain limits, according to the plans of 1871, amounting to $5,219,000. The issue of the Dock Bonds authorized by the Commissioners of the Sinking Fund on July 9th, 1885, was prevented by an i-^junction order granted by the Court of Common Pleas at the suit of the Bank for Savings in the City of New York against The Mayor, etc., restraining the Comp- troller and Mayor of said city from issuing said bonds. This action v/as carried to the Court of Appeals, and the injunction order was reversed by a decision made April 30ih, 1886. Under the decision of the Court of Appeals, Dock Bonds may now hi issued without violation of the provision of the State Constitution as amended in 1884, which restricted the issue of stocks and bonds of the city. I submit a resolution ratifying the resolution of the Commissioners of the Sinking Fund, adopted July 9ih, 1885, authorizing the issue of said bonds for the sum of two million dollars, and directing the issue thereof to be made according to the resolution of the Commissioners of Docks. Respectfully, EDWARD V. LOEW, Comptroller. Whereas, The Commissioners of the Sinking Fund on July 9th, 1885, adopted a resolution to authorize the issue of Dock Bonds to the amount of two million dollars ($2,000,000), as follows : " Resolved, That pursuant to the provisions of subdivision 11 of section 6 of chapter 574 of the " Liws of 1871, re-enacted by section 143 of the New York City Consolidation Act of 18S2, the " Comptroller be and is hereby authorized and directed to prepare and issue from time to time, to " meet the requirements of the Department of Docks, ' Dock Bonds of the City of New York,' bear- " ing interest not exceeding three and one-half per cent, per annum, to the amount of two million dollars (S2,ooo,ooo), to raise the moneys required for the uses and purposes of that Department, " under a resolution adopted by the Commissioners of the Department of Docks at a meeting held " by themjune 25th, 1885." And Whereas, The Comptroller was restrained and enjoined from issuing said bonds by an injunction order of the Court of Common Pleas ; and Whereas, Said injunction order has been reversed by the Court of Appeals, and the Commis sioners of Docks have applied by a resolution adopted by them on July 15th for the issue of said bonds for the improvement of the water-front of the city ; and Whereas, The Commissioners of Docks adopted a resolution on July 15th, 1886. requesting the execution of said resolution of the Commissioners of the Sinking Fund, adopted July 9th, 1885, authorizing the issue of Dock Bonds as above recited ; therefore Resolved, That said resolution adopted on July 9lh, 1885, author zing the issue of Dock Bonds to the amount of two million dollars ($2,000,000), be and is hereby confirmed and ratified, and the Comptroller is hereby authorized and directed to issue said bonds as therein provided. The report was accepted, and it was moved that the resolution be adopted. Mr. Henry N, Beers, representing "the Counsel of Municipal Reform," requested to be lieard and proceeded at some length to address the Commissioners on the subject under consideration. On motion of the Chamberlain, seconded by the Recorder, the previous question was ordered ; and, on motion, the resolution submitted with the report was unanimously adopted, all the Com- missioners present voting in the affirmative.