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This is an old check from the Treasurer of the City of Yonkers Signed by the mayor Norton P Otis, funding some payment to the Board of Police for a large amount of money for the time, $3,125.00! The Otis family had an interesting history. Here is some historical information about the man:
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I have absolutely no idea what historical documents are worth but I know they can vary hugely even between documents signed by the same historic figure. So I am taking a shot in the dark here on value. It maybe worth much less or much more. Would look nice framed among other documents. The hand writing is beautiful back from that era of American history.