Lanterna Rally

Author: Yin Ch'u Ma

Publisher: Forgotten Books

Published: 2016-08-31

Total Pages: 322

ISBN-13: 9781333419561

Excerpt from The Finances of the City of New York The Finances Of the Empire City Of New York and those Of the Empire Republic Of China have many points of resemblance. For instance, the method of budget-making in New York City, some six years ago, was very similar to the method used in China under the monarchy, which con sisted in granting budgetary appropriations in lump sums, without any definite and clear segregation according to f unc tions and Objects Of expenditure. Again, the debt Of New York City. Has been allowed to grow to its present size of over a billion dollars, without any attempt on the part Of the city Officials, until recently, to keep it in check by intro ducing scientific methods Of administration, just as the na tional debt Of China has been permitted to grow to its pres ent size without any attempt on the part Of the Chinese offi cials to check its growth. In the following monograph I have attempted to make a close study Of the various phases of the financial transactions Of the City Of New York, as re ected in the of actual cash receipts and the of actual cash payments in 1913, and to ex plain how New York City is now financially maintained. Such a study serves to make clear the means by which the city has passed or is passing out Of a financial chaos into a financial system, and affords a valuable lesson for China's benefit. Many Of the scientific methods adopted by New York City in reforming her finances have been adopted by other cities in the United States for reforming theirs. Even the United States Government is now making a special ef. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works."