And who were the Ring that perpetrated this infamy? They were a
majority of the trustees elected by the people, and the School
Commissioner elected by the people--six poor creatures, selected from
the grog-shop and the wharf, and intrusted with the most sacred
interest of a republic, the education of its children.


THE RESULT.

"The result of all this plunder," continues Mr. Parton, "is, that in
thirty-six years the rate of taxation in the city and county of New
York has increased from two dollars and a half to forty dollars per
inhabitant! In 1830, the city was governed for half a million dollars.
In 1865, the entire government of the island, including assessments on
private property for public improvements, cost more than forty millions
of dollars. In 1830, the population of the city was a little more than
two hundred thousand. It is now about one million. Thus, while the
population of the county is five times greater than it was in 1830, the
cost of governing it is sixteen times greater. And yet such is the
value of the productive property owned by the city,--so numerous are
the sources of revenue from that property,--that able men of business
are of the deliberate opinion that a private company could govern,
clean, sprinkle, and teach the City by contract, taking as compensation
only the fair revenue to be derived from its property. Take one item as
an illustration: under the old excise system, the liquor licenses
yielded twelve thousand dollars per annum; under the new, they yield
one million and a quarter. Take another: the corporation own more than
twenty miles of wharves and water-front, the revenue from which does
not keep the wharves in repair; under a proper system, they would yield