New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1844-05-23

'N''N
The above are published in Trac, and for sale
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III The TARIFF As IT IS, compared Nth the
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Protection AND FREE TRADE-an clemen-
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II Just read Senator BENTON on Tyler ana
Texas on our First Page. Hit don't cxtlnguish
the last remnant of these interesting subjects,
we III agree to be considered egregiously mis-
taken.
New JERSEY VINO CONVENTIONAL Mass
gathering of the Jersey Blues will take place al
Trenton on Wednesday next. Our friends from
this vicinity can join the Delegates at Jersey
City at past A. NJ. A special train-prcc
81 for the excursion, returning same evening
is engaged 1t is expected the most distin-
cushed speakers will be on hand The National
Prize Banner, from Delaware, will join the great
army of Clay, Frelinghuysen and Protection.
Internal Improvement Policy and Finan-
ces Of the state OF New York.
One of the most valuable documents laid be-
fore the Legislature of this State at the recent
session, is Report by Mr.. n. w. DAVIS, Wing
Member from Tioga county, and one Of the mi
norty of the Committee Of Ways and Means Of
the Assembly, on the Finances ofthe State. This
Report uses up, most conclusively, the miserable
sophistres of Hoffman, Flagg Young, Dennis
ton, and others of the Stop and Tax" policy
school, and we wish that it could be read by
every voter in the State. Nothing more would
be wanting to show the People the oppressive and
destructive policy of the leaders Of the Loco
Foco party in power, with regard to our State
Works and Financial system.
1t is difficult in the brief notice to which our
columns confne us, to give an ineligible analy
sys of all the features of this most important
Report but we may glance at few of the state
rnents which it contains, and the conclusions at
which it arrives.
The entire Debt of the State, as shown by the
Comptroller's Report, deducting available means
on hand, amounted on the 3Oth Sept. 1S43 to
S23,S5l SIS, on which he estimates the annual
average interest at 81 per cent, amounting to
Sl,3ll,S36 The whole of the above debt, ex-
cept the small sum of Sl09,432, was contracted
under laws passed prior to 1889, in which the
Wing party for the first time had the majority in
both Houses, although they had majority in the
Assembly in 1888, while Marcy was still Gov
ernor, and they were in the minority in the Sen.
ate. The responsibility of the creation of the
public debt then, which Governor Bouck says in
his message "should never be incurred but on
the most weighty considerations" rests entirely
upon the political party to which the Governor
belongs.
"But" saws Mr.. Davis in his report, " while the
truth and testimony of history will award the credit
of the .pauper canals and the unnecessary and in
the highest degree improviden Erie Enlargement, 10
those who only denied the paternity when they were
likely to become town charge, II shall now be my
purpose TO show that they need not be ashamed OF
their offspring, and to demonstrate that this now
much despised and abused system OF internal I'M
provement which COL Young now charac,erizes as
but another name tor eternal taxation, is in very
truth, the great pride and glory OF what may be
emphatically called the Empire State a system
ubundanty sufficient TO maintain itself, TO pay off
from its net revenue the entire debt Of the State,
railroad debts and ALL without taxation; and will
leave TO posterity for whom one OF the Commits
soners o. the Canal Fund (Co. Young,) stands
godfather, while he has sympathy for his contem-
nj he ,bo
proudest inheritance that ever left pcrpetuity
TO the children and childrens children OF any peo-
pie upon the face OF the EARTH
The Report then goes on to show that the cost
OF all the finished Canals of the State is Sl2,-
52S,4l6, the net revenue upon which the last
year, after paying interest upon the cost and all
expenses chargeable to the Canals, would amount
to S755,624, or more than sufficient, but for the
unfinished works authorized in 1885 and 1886.
to defray the whole expenses of the Government
without the aid of the Salt Duties, Auction Du.
ties or Mill Tax, or Of any other sources of reye.
nue-,he ordinary annual expenses of the State
Government being estimated by the Comptroller
at S650,O00
There is not parallel upon the face of the
earth, where the new Internal Improvements, the
finished Public works, afford net revenue sufficient
TO pay the interest upon the original cost and TO de-
tray the whole expenses OF the Government Bur
Tor The unfinished works authorized-entered upon
put under contract, long before the Wing party came
into power, the Canal Revenue for this very yenr
would nave exceeded one million Of dollars"
Let US look back to the very origin of the Ca.
nal system, and see how the account wopld
stand:
Statement according to The Special Report of the
nuTfn1 a. 81 -