The New York herald., 1845-01-08


And there will remain, ............ - 49s, ~ %
This balance comprises tho revenues Of the General
Fund and Of the Canal Fund, embracing all the
from all the canals we'll from the Canal Fund pro-
per The part Of this sum comprising the revenues Of
the General Fond, as will be seen, ..... 81 S4e Ol
This, however, embraces sthe whole OF the
State tax. while by the Arst section Of the
preservirE { the credit O. The stste,D passed
29ta March, ls42. one half Of It after
the year 1872 10 TO be paid to the Com.
missioners Of the Canal Fund for the use of
the canals; and there paid, in pur-
susnce Of this provision, during the lat
fiscal ear, the sum of. ............... 276 1877 10
Thus leaving Of these revenues epplicable
to calls upon the General Fund.- the of 05l IS
charseabla to this fund, during the last 6s.
cal year. excluding The payments on &C
count Of temporary loans, and also the
payment TO the Canal Fund Of half Of the
mill tax, Al before stated, were. zoos 7bS -
ss-sa ..ss $oos, ,7oi 90
Thus showing that the receipts into the Trea-
sury on account of the General Fund, from all
sources, are less by $2os .7ol SO. than the sums
charged upon the same fund and paid from the
Treasury, tor the last fiscal year.
This is comparison Of the whole amount Of the
annual revenues of the General Fund, including all
the receipts Of miscellaneous character, with the
annual permanent charges upon i, and also all pay
ments authorized by special actsof the Legislature,
as well as temporary and miscellaneous expenses
There was an apparent balance in the Treasury
at the close of the fiscal year, Of $50 7S7 rs, which,
80 far as il is available, would diminish the deficit
before stated in the receipt Of the General Fund.
TINS balance. however, included the sum OF R84, 1853
ID, paid to this State out Of the proceeds of the
sales Of the public ands Of the United States under
alaw of Congress, and placed IN the Treasury by
the Governor, to whom the payment was made
but which has never been brought into the accounts
OF the General Fund anyother of the funds OF the
State, because the Legislature has directed no dis
position and authorized no application OF the mo-
ney II has remained in bank by special contract
with the Treasurer, at stipulated interest. II this
sum be deducted from the above balance in the
real available balance applicable to demands against
the General Fund. If this sum be deducted from
S2OS 701 9S the deficit in the revenues OF the Gene
ra Find as before stated it still leaves deficit Of
BY the 5h section OF the "act to regulate the ac-
counts between certain funds belonging to this
State," passed 26th May, 1641, the Commissioners
oil the Canal Fund directed 10 pay to the Trea-
sufy, on or before the Both day Of September. in
$500 900. Only one half Of this sum has been paid
for the use Of the General Fund for tho last year,
the other half having been withheld to make up
losses in the fund pledged for the payment Of the
insolvency Of certain banks which had loans from
the Canal Fund. Hereafter the whole sum of
$20OO0 will be annually paid from the surplus re-
venues of the Canal Fund for the use OF the Gene
ton, one half Of the state tax, and all it's revenues,
permanent and miscellaneous the General Fund,
as ie shown by the foregoing statement, 10 wholly
inadequate TO meet the annual demands upon it.
idrSst ,, and nd most important consideration con;
upon II. Thus debt 10 81, ,634 ,5O7 So This is the
amount OF the positive, unconditional debt charged
upon % the M fund, the annual interest upon which is
*ou,4V %, ana comprises one Of the heaviest
debt has been increased by the sum Of S2ll Oo2 S6
within the last fiscal year; thus showinr that the
revenues Of the fund. with bat haf Il the mii.sx,