New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1842-10-29
The stop aud Tax POLICY.

1t seems incredible that we should be called a
this day to defend the Wing party against the
charge of iavering Reputation, OF cherishing an
indisposilion to fulfil faithfully and promptly all
the obligations Of our State. But there is large
class of citizens, and of them known as
Wings, who.are eoo indolent too busy to examine
documents, who take their impression from the
boldest or most reiterated assertion, and who
labor under the Loco-F oco delusen that the Wings
are arerse to Taxation chen necessary to pay
the interest on Tie State Debt. Let US once more
entreat this class TO consider the following Off
claly verified and undeniabe facts
The whole amount of the State Debt, on the Isl
of October, 1871, was 1869, 267 but of this
$2,O2l, 037 (beng the balance Of the old Canal
DebD had been provided for and the funds set apart
long since. Blu, the State had loaned (neary every
dollar by Regency Legislatures and the FIRST on the
express recommendation of Governo, Martin Van
Burea) S3,720,U00 to companies engaged in the
construction of Public Works, SO that the entire
Debt for which the State was resPohs'o'e "'.''
.xoeeded eo5 GOO, 900. But the last ComPtrol
a., Annual Report showed that the State had
funds and investments (besde the School Fund and
the Public Works. which reduced the real amount
of the State Deb, to under Sl9,000,O00, and the
interest thereon to $9l9,704. But let put the
worst face on the matter: let US suppose that the
real amour, of the STATE Debt is S25, 900 900,
and that the annual interest accruing thereon is
Si,300000. Let us now see what the CEaal Rev-
enue, of the State were during l64l. being the
last wear OF Wing Canal and Fiscal management.
Tolls on the Canals ......... -- 81 1888 ,020
Interest on Investments, Water Rents, &c. l4O,94O
Total Of Canal Revenue only s., l28, $50
From which deduct total payments for
Interest, Superintendent, Collec-
tion Repairs, &c. sc 1913, 209
Balance of income from Canals -. SS05, Isl
Now put the Interest for 1912 at 81, 300 900 in
stead of 5000 600. and we have still 100000
clear surplus of Revenue from Internal Improve
ments. Iu other words. $l5,000,000 worth Of
Public Works were paying for themselves and the
annual cost of like amount unfinished and un.
productive. The ordinary Revenues Of the State
are derived from Salt and Auction Duties, and 9th
er sources, including contribution Of 100000
from the Canal Fund. This is ample, although the
expenditure las, year of 100000 in the coustruc
ZION of the State Lunatic Asylum $4,000 TO com
plete the new State Hall at Albany &c. &c.
sweled the expenses of that year considerably be-
You'd an average amount.
In this state of things, with great Canal
crowded with we'll laden boats, and its supply OF
water scarcely sufficient 10 keep them afoat in a
dry season like that of ls4l, the restored Regency
ralers OF our State broush, forward their Budget
proposing to stop the Public Works on the one
hand ard to leoya Direct TAG of $500, 900 per
annum on toe other. To this policy the Wings
offered united and determined opposition They
rightly Jadged 1t suicidal TO arrest in mid career
the construction OF Public Works which had al
ready cost 5000 coo, and which similar sun
would complete, and to call on the People for 4
heavy annual contribution pay the COS, of utter
~ useless simply because unfinished Improvements
They were willing and altered to vote for even t
larger lax il Provision were at the same tim,
made for continuance OF the Works; though the,
believed no Tax accessory it q wise policy wer'
pursued, and they could not concur in that which
their opponents preferred. They were opposed t
the stopping of the Works, wanton sacEific
of One Million per annum, being the annual inter
es, of the unfinished and useless Works; as sub