IT, lqueduct Debt.
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This i. subject in which the citizens of New
York have deep interest. The Corporation has


been borrowing money for the last seven years to


carry this great and useful work which is to sup
ply US with "pure and wholesome water in all
time to come The debt thus created amounts TO


between twelve and thirteen millions of dollars,


and the work is so far completed that it brings


US large supply of water, suited for all purposes
| to which that article is applied, and which had
! become indispensable to us in consequence of the
Increased demand, by our extended population,
upon the limited supply which the city could af.
ford, and the constant deterioration which that
was undergoing. 4he object being thus accom-
plished question has arisen res pecting the pay
ment of the debt, or who shall furnish the means
to pay. The Corporation is undoubtedly bound to
provide &c funds in some way or other, and the
Prope of every citizen is mortgaged to secure
the payment-but all are not, and all cannot be,
equally benefited by the water now, and its bene-


fits never can be shared In equal proportions by all
And as no man should be burthened unless he is
benefited in return, it would manfestly be unjust
to compel all to contribute in equal proportions to-
wards the payment of the debt.


The proposition was recently made co give the
water gratis to all who choose to take it and as
sess the upon the whole real and personal prop
cry of the city to pay the interest and other charges
against the water fund. This if carried OUT would
be piece of cruel mockery to ninetcen.twentieths
of our citizens-a perfect system of agrarianism.
large number, in the upper part of the city espe-
cially are out of reach of the water entirely at pre-
sent, and still larger number, who can get ifthey
choose, require only SO much as will serve their
domestic purposes, while every twentieth man
would take enough to supply a 6rstrate hotel,
steamboat, or mandatory, and be benefited by
its use to the extent of some hundreds of dollars
per annum, at the same time that he would be pay
ing no more, perhaps less, towards paying for and
maintaining the aqueduct than his neighbor oc-
cupying private house and using less than twen-
tieth part of the water Can such q proposition
receive the sanction OF the public? w.