New-York daily tribune., 1843-01-05
WHOLE NO. 5aa.
been cancelled is......,...........sss ssses o4
l5,l9 50

J been Cancelled .S5S,s6S "a
| Making the fetal afaoun, OF work done to
! The work under con,rac, upon all the State
/ Canals, incrding The Oueioa River improve.
/ mens, and the work which has been coGple-
ted as estimated at coatract prices, amounts
The amount ,ha, bas been paid for work done
/ under the contracts, and upon those that have
been Cancelled, S,s44 so
| The amount due and remaining TO
! be paid Tor work doae is....,... s6s-s1l 50
Making the total amount of work g
Ard the total amount remaining 10 be dore TO
The Legislature oIsia convened al period OF great en-
baassment in the financial affairs OF the State The
sury empty credit seriously impared the State
stocks selling runous sscrihees temporary looms
nearly al maturity the time for tie quarterly pay
than $su, Geo Geo. f, approaching;
pressing for payment and the progress oi the pubic works
continued large expenditures or indeed any 60, Demanded
by imperiouS necessity goed eccroy IN reference 10
10 our citizens with whom the State bad existing engage
men;s would In my o2nien have been wantoa aregard
of public duty.
real and personal eszls imposed. The OF S44
al 2 appropriated for the specified objects and all
pended excepting such necessary 10 preserve or
the navigation of the navgaole canals TO preserve
the work already done from destruction by ice or foods or
the completion Of such work would cosy less to finish than
TO preserve that already done,D
Hhett er this act made ample provision for meeting the
contingencies before referred TO- am unable 10 say; oui
apprehensve that adequate authority and means were
tot lett with the canal commissioners 10 enaoie tnef Win
good economy TO carry out the general policy oi the
laure.
In the cities of albany Schenectady and Rochester the
public have seriously disconnected by the unfinished
OF bridges ntersected By the canal Ihe
large already expended these structures ana me
small amount complete them, have tended 10
aggravae the pubic mind. II the Legislature OF ss bad
been fully appFised of the public inconvenience alluded TO-
am confident they would not have permitted them 10 eS
st There may be other similar TO those have men
toned.
There is also for apprehending that the sus
pension has operated nurousy msny contractors and
particularly upon those who had made large outays IN
necessary preparations
The praiseworthy and patriotic e1erons of the last Le
gatue relieve the State liz the crisis OF our pecunary
affairs Is worthy of all coHendaton aud If the policy
then adopted has resulted in injury to individuals
be ascrbed the necessity OF the case rather than
willingness that any portion OF our citizens shsud suher
detrimeRt
The policy of arresting large expenditures and pravidng
for the prompt payment OF the interest," and gradual dml
mutton OF the State debt has exered utary influence III
reviving credit
The question of direct tax rendered necessary by the
exgency affairs has been clearly approved oy Inc
people, bnt direct taxation should be regarded as
permanent OF finance for the purpose o! consrnc
ting public werks bat of temporary nature called
by existing emergency. All future appropriations
should made with reference speedy renqush-
eut of the tax as the public credit aud the general wei
fare OF the State will permit
Very little any work has been undertaken for the en-
largeen OF the Erie Canal reudered necessary by the
aud decayed condition OF the mechanical structures
Already has the tansporta.o4sen the canal been much
and Schenectady Philips locks, and the Little Falls
At these points the navigation has been entirely relieved
for several years.
am convinced that the completion of the unfinished
work Schobarie Creek at SprakeS Ut Canajoharie
Fort Plan Indian Castle Creek at Syracuse the work
cennecte with the reduction of the Jordan level at Mace
den and at Lcckpor would he essentially useful and sene
of il may be indispensaby necessary.
The speedy completion of the Black River Canal and
feeder TO and including the summit level! and the Geaesee
Valley far The first feeder from the Genesee RI
Portage doubtless anxously desired by the
friends OF hcse improvements. do feel that should
faithfully discharge my duty did not recommend to Your
careful consideration these portions of the public works
This should OF course be done with strict reference TO the
financial condition of the State.
The present low prices OF labor and provisions highly
favorable to successful prosecution Of the works
contract, and they should be resumed soon us
regard the public welfare yyn permit But great cauen
should be observed The State debt already too
large. That the State has the ability eventually
plete all her works which have been comenced cannot
N my opinion be qnestiosed.
The Caasl Commissioners will, doubtless, ia their annual
report exhibit in detail the condition OF the works uster
their charge. This document will demand your careful at
teniion.
The following statement shows the aggregate amount OF
the State debt the 30h September, 1884, and the
st,nrA, f,rl .tt,na