Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-09-21
EsE'5e.
CD0H The Finances md Internal imp'or'm'H's Of the STATE
Of .Ntp York, le3S -[CosTlSuED
REI'Nk /


policy, would have removed all opposition 10 the ext-n'
sion of system which has produced such prosperous
and prohts5ie results: and yet there are SIM 70 De
found within tbs State, yiduass oi resp csbry
and influence, no zeaousiy that the Treasury
has been impoverished ard exhausted by our pnohc
wnrks that the of the system will impose
grirvous and everlasting burrhrns upon the people
and that Inter nal Improvement. On the "en repeated
Phrsse of distinguished advocate Of these oPIn"ns)
us but another name for eternal taxation Upon What
ground this sarge doctrine rests. 10 really no, easy 20
discover. The STATE, within the last twenty yeais, has
qusdIuPled ii, productive property, relieved It's citizens
from axstIon and nos enjoys clear annual revenue Of
nearly eight hundred Thousand dollars and how under
these circumstance lis Treasury b. regarded
Impoverished exhausted, is wholly beyond tie
p!eherson Of the committee The supporters Of this
doctrine. however, aeg' that the "GrnsFa! Fund IL
squandrred and gnne-Ihat the Snie has other fund
Ia wtch it legally resort and therefore, that the
Treasury exhausted and l9Iati0n has become ncces
saTy But neither o these propositions IS founded in
fact. The General Fund IL neither tGuandsr.d
gone bot Exists IN ni vlgour, invested IN the ca.
nails and in that shape yields an ample revenue 10 the
Treasury; and il los than he seed il lost,
which. when sown, produces aburGan; harvest The
Treasury, 10 fact oveffnwEg with the tolls derived
from the canals and To lhuse tolls the State may
legally ard properly resort, for the purpose, only Of
meeting all 1t. present oUgsons. but OF extending the
benefits Of internal Improvement those hh. rio neg
lscct porlous Of lis popr!a"n 81 Whose common risk,
and upon whose common credit, The canals
struCrd
But i, ha, bee con,s nded thu, these revenue. are
placed .w holly beyond The reach Ui The Tepr-t MIA.
tves Of tie people: and upon the ground that he lOtn
clause oil The seventh section Of the Constitution ot
l-2 has declared tha; the tolls the no! be redCCsd
diverted any tm- before The ''tu and complete
payment OF The moneys borrowed Tor The construction
OF the Erie aud Chomplan can,,: and Il is aVerrd, that
in pon of fact, !hose money. have been fully and
completely paid according the literal requirement. Of
that clause
tbs objection it will be perceived, if well founded,
will apply equally the reduction, to the diversion,
r! thp tolls aud II involves IN both respecls import.
ant Consequences, II DESERVES attention
The Convention winch 'raineG me AMENDED const'u'
ton assembled IN the year l-2i, and only few months
after the Comptroller had est!ma'rc that The tolls o. Inc
canals for The len years ~ xt aiirr their completion would
be only one hundred ana MY thousand c"ais hhhuay
From peculiar causes not hfc'ss'! GO" 70 S'ae' IHee
naJf!!y oI hat o"CE pifc'p"''' ~ . U'"''s ahc "'
oochgs a. 10 me e'rh'ua' success 81 I've cana ""G"
then pre- ratG WIN considerable party throughout me
State and there good reason |" believe tha many OF
It's leading menpers honesty ''hfec 'hs' !e GeO' |" "
incurred IN constructing those "oIks would never De
Pad; and that 1t The tolls should o" reduced or diverted,
Pefre usa1 TO pay the interest would be inprSefup
on the people. 1t was manly undcr To" influence OF
this spPrh-ns'on and far rss II at all for thr purpose
Of sif'dIng specific prGEe To th- public CREDITOR that
the clause question VA inserted IN the Constitution
The total amount borrowed to construct the canals,
- G.2 -, Of which amount SJ3ZG2t3. has since
been paid directly 10 the pubic Creditors and cethcates
OF stock have been cancelled TO that extent! The duty
of receiving the money aud holding 1t Tor CREDITOR Is,
by la" entrusted 10 The board "i commissioners Of me
canal iUnc; emo maj o"cy Stands between lie State anu
lie creditors acting al the same Time es agents Of he
Si1te and trustees iof tht creditors Ihe c"ini'snn'
ers nave o'ecna'E'u 'r'' GUY 80 1877 aS 10 receive rom
lhe 9t"te 'lU" ana compete payment OF Inc cto''
aho u.'! are H"" vhgagTu III ,A'cu"hg Ue remain
Ger oil tnrf EI'' - paying inc money 10 Inc Gre
o'"is iHrf "e>F ''Psa'rH'f h'""-u 'h"S" CteIi'ofe
py F'O'c aHEe'Hst"'e"" "0'I u" HIS county a'u III
hu''Fe. "n" a.SP ~ "''t'n '"G"'a'S whenever lnei
tesc~"Cr tou'G 'e ''se"''f1 mat ihry mac received
e '"ey, Hu "f'e P'tLs''G 10 pay ~ Oot rs 'he ueo
70 'e Terms OF '"e "ah' Goes mol IAN Que VI"
SUNNY "c'rer 10 Aeep.1e 80 large ~ amount pe'ma
us"t! ''a'e CIV ~ 'ai premiums 10 e ere
II " ~ ~ ~, ~" '''e P'''"e '''U ''''"
Ger "e', 'e""Iaes t''s .'"I''Ss"'e'e nave ''uS Ie
,r" '!c t"''u'. !" '7"f' co '""t '''''e N'n'e IMAM
2"HHs IL 'he Cf'-'h'I sum h"" remains UNPAID asa
CONSIDERABLE portion "i ms remnant 81 lie Ce3i - hSIG
oy persons residing IN foreign countries not mpro
oan.e maj SOM o. 'ht' may nsseci o" teilss 10 F.ce's
PN''''S "'' ~ .''' -. VIC '''''' 49,
,he,r A. n. r, ~ m. hands m he Commissioners II v,
be- perceived that whatever force bf,a nav be in his
cor s,uroral uheciOn niiI not b.. L,pin she'd bv the
navm.pt of snv yor,on oc the G.bl hnx-v.r Iarre 50
Ina, whether five O, ninety nine t,bs 81
the deb, should be paid the position would not be va
ti,d The pl.dce can only be literally prtfy,msd by
having the ,st TenaDipr dollar IN the las, remaining
creditor no mitdl Gro,ind TIN, extreme
copecqrrnce and the position lhs, tho pedye Is satisfied
for all tar ana practical purposes rhrn The amount of
the Dc b is pait over 10 the Commissioners and ,a!e!r
invested by them in trust cor he drors
luls Under Those crcumS-.nccs tia, the doctrine is
advanced the pet Of tin holders Of this
of The rebt Cr believed that they are wholly IN.
Clffren, the rnsiter) but by ih'se who Geek
rest the progress Of public works. that the canal
tolls sh. not be reduced or diverted Until the Las, dol
lar shall BE- literally paid to the creditor That no mater
how important may become commerce and ge
neral Interests TO revise and Euae the rates of toll that
no matter how Just or pressing mag be the cialms of
other part, Of the Ss's for works OF internal improve
me,; The canal tolls shall be held 'bey ond the reach Of
the Legislatures; al least unIi the year -!1. when nie
rest ceasng on the debt the creator mSy probably be vii"
ing receive payment: and the doctrine involves this