New-York tribune., 1842-02-21
THE TRIBUNE.
The state E'if,nuccs.

Mr.. AZa1nii u lagoon assuming tie unc-
,oas Of Comptroller of our Stnle Finanscs deems
i, ncumbent"n MN t. rut#torh a genera! state
nent Of then conditon---rl1covrsc ~ gloomy :.
statement, as possible III Is debt-dcb,-deb,--
embarrassment and ;rolble--slnd i, seems to u
fair mind rather singular that Mr. Flugg should
have been eager to get into much trouble ~
10 lave an honest. capable officer, who lnildc no
such WY faces over . duties, turned oft 10 make
room FOR him He reminds Us Of the vasc eceii IN
oncof Miss Portcrs novels. who thus Illustrated and
rIorifcd his .l<ill TO a sick travclcr: You See
saws he, there v,s . man biougi; TO or yillasc
sick some time ago, AID The other doctor insist
.scl he could be cured. and was treating him in
tina, tuilll but him and az once declared
,,lIc would die Well: they dischnrgcd=my rival
and employed mo, AID the man 3dic. Just
.. ted them The rev Comptroller appears
=an,av confident of his skill u. asgsaya,ulg ca
alni.y.
Mr.. Flagg complains tina, tho G"nera Fund is
ia4ebt TO the Baak Fund :3t3, 43G. am! 10 the
Canal and other funds .542 .159-jist as though
i had nc, been SO in tlebi.ylcn he WAS Comptro-
Ter before. and even earlier lie forsets to state
however. that the General Fund has loaned TO the
S. Depositc Fund the sum Of SO 10 95g--nearly
equal 10 all the abovc dcbts-wilich can be recall
cd very speedily if desirable. In other word :
The l.. States having resolved 10 Opposite with the
States some So, 900 600, Ncw-l ork under Loco
Foco rule decided to !oa. her share out among
her citizens. 1t VA, so lpnaed by Loco-locos, and
mainlyto Loco! ocos; but silca the time came to
nav ever, the General Government withheld one
fourth Of the stipulated amour, New-lorR then
held herself bound to rnahc good her contracts
with her citizens. and borrowed from the General
Fund the means OF 80 doing. 10 be repaid whell
tie [. States fulfilled her stipulation. As this
SIM can soon be called in from the borrowers, it
may be replaced in the General Fund, iiadvisablc
Mr.. Elagg mex, p0rudes the lurgc amount (Sl-
l05000) of Temporary Louns falling ,ue#tlc 18th
aud lGtl.ot March and compains that no proviS
ion has been made Ton then payment Is tlii>
reas enable 4 Lpco-Foco Legislature ha> been
seven weeks in session; why has it not provided
iuv these loans, instead OF dcvolne all It's time to
clu,chin, eXtro quantities of the Spoils Ought
Mr. Collier with his head on the block, patiently
awaiting the stroke OF the hcadsrnan, to have cre-
a.cd this moncy How could he? 1t was bor-
rovcd temporarily III order that the Legislature.
on assembling, should provide for 1t permanently
Yet the Legislature has not touched II, though
early and urgently uppriscd OF the necessity aud
now the ncw Comptroller rcpudiates-that IS, says
he will pay it when convenient ur when nc can
get the money ono per cent. cheaper than other
people This is specimen Of the new linancier-
ing. which is 10 restore the depressed Credit Of
the State
Nh l'lagg makes the astonishing discovery lllat
of tie $G05, 7Jl surplus earnings OF the Canal last
wear, nothing remains in the Treasury Amazing
this may be; but Nh Flagg has plngiarizcd IL;
Nh Paige of the Senate WAS its Columbus; the
Comptroller is only Amercus Probably there are
nc,-two other men OF intelligence in the State WHO
did not already understand that this S605,7 II was
the amount Of the Receipts Of the Canals over
their gross ulnu;l expenses; and tiatcvc,y dollar
Oft had been faithfully applied to the Prosecution
Of the Public Works, aszhc Luws of the State
direct
Mr. Flasc makes Us much show us lie can of
the funds Of the State deposited in Banks since
broken, not stating that i, WAS SO deposited under
Van Buren, laws, put IN operation while lie WAS
=Ccmp,roller. His Wing SUCCESSORS should have
20, the Public Nloney.out Of these ricketts, col-
Germs il it were possible; bur if they had attempt
ed ii, they would have been accused If ruthlcssly
breaking the weak Regency Banks.
FINALLY Mr.. ilass thinks the SIatc Debt Is so
large and its Resources 50 tabby-oly $4,000
o00 and odd iroul-i the Canals s6u0OU0 from gen
cral sources, and probably $500 600 from the T.
S Land ns,ribtion-thut we.musr lnStzb borrow
enough nov 10 pay pressing claims, and soclanly
resolve 10 contract no more dcb, but stop the Pub
lie Works and levy a Drcc, Tax. Neliks this.
Giyc=,,s :, fair st0ud-up fight, gentlemen Loco
fucos. aud none of your shutting and hood-wi!k-
iug Ii these recommendations arc obcyed by
the Legislature, We shall al know what we are
'ontcnding Tor next Fail. But. while W. have no
great objection 10 Tax 10 carry ON the fGb!lc
Works ueye Vigorously while we deem ltu0neces-
sary, we oo protest ainstGaNing and stopping
the Public Works both. Tha, is a refinement OF
absur,iity which viii hardly be attempted in l842.
yiRolSl,.-Tle Two Houses Of the Legislature
having adjourned over OF SATURDAY last without
c;icc,ug any Election Of Governor, or making any
provision FOR further baoing>, ii is now believed
that no further balloting viii be had, IN which case
the Chief Magisuacy for the ensuing year de-
wolves upon thosenior member o! the Executive
Council. TO wit. Hon. john NJ Gregory Of vii
lisnsbuce. the ncislibor and political as we'll a.