The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-01-07
$2,4l6,374 50


The statements from the canal department. from which
the foregoing results in relation to the canal fund and it,
deduced made in conformity with the
express provisions OF the Of ls4g which requires
the 5000 900 directed by the act of the 2sh Of May sa
to be paid yearly to the general fund Il viii be sssn
hereafter that this not for the lat fiscal year.
paid to the general fund.- but applied by the com.
mssoners Of the canal fund to the redemption Of canal
cisnt means. without this portion Of those revenues
were not provided The Reimbursement Of this S2oooOo,
claims inn upon the canal to viii ssvs
the canal as they are above and he
only effect will have been that the canal fund WIZ have
the public creditor
The condition of the general fund is very different
from that Of the canal fund just presented Its debt
large entirely beyond the powerof its revenues and
annually augmenting. Its revenues, now greatly I'M
from any payment upon lie principal Of the debt sr. to
be materially diminished during the present year, un-
less the Legislature interpose and provide new ources
| Of income.
The debt charged upon the fund was, at the Close Of
This tn ID. debt at The ' close Of The fiscal year
1914, was. ........'. oooso" 70
Showing increase. within the year end
ing 20th September last, Of. $2Sl.0l "
statement of the Liabilities of this fund for the year,
and Of Its means to meet them, show dehcisncy Of
the whole balance Of money then remaining in the neg
sury Of ?74o Isl 7s That amount has been borrowed
The productive capital Of this fund literally nothing
s richest source Of for the last year he; been
% : :s oh s Ss s %
canal having reached the point for the year
s1 ss sas
in which the whole tax for such to be paid
to the general fund.- and after that me the half vas 10 30
the last fiscal year. and therefore, the general fund re-
ceved the whole tax but for the future only the one
half Of the mill tax imposed BY that law to be collect
3D. The remaining principal source Of revenue Y the
$500 600 per annum, directed by the to regulate
State" be paid em canal fund for the Of the
fund This amount has not been paid for the last
fiscal year. fer the assigned when speaking Of the
camel revenues which has increased to that extent the
deficiency IN the revenues Of the general fund ior ne
add nothing to the recommendations urged In my
former annual message, that provision be made TO
M o. Ss %
government are now annually met BY loans and money
h in effect not in fact, borrowed in each subsequent
year to the interest upon the debt which the neces.
stiles Of the previous year accumulated In my judg.
mont neither the interest the will, Of consitu
addition 70 The s%ouOs Of asSs sUsy Charged
upon this fund 1t il conngs liable to the Amount Of
and hoped win sxtinsush the principle also Of
entirely q loan %
the Delaware and Hudson Canal Company, which was
the rst day January isss This stock By is terms
10 payable at the pleasure Of the State at time Al
State not to defer beyond the day the Tsdsnpon Of
stocks issued for s benefit, it IL presumed lie plea
sure VIII be that the stock. il he. loaned shall be r.
deemed BY the same rule, payment at the day. The
stocks loaned to this company issued BY the comp
roer and the original certificates signed by him, but
they transferable at the Office Of the company and
the now certificates are signed by its treasurer. and
countersgned By the ofcer appointed IN the city Of
transfer books kept at the Office Of the company the
lists Of stockholders only to be found there and
there the payments Of interest are made.
is important that notice should be seosonably Civ
en- to the holders Of these stocks that they will De paid
pleasure Of the State 1t not believed that any officer
Of the State In authorized to give this notice. and
has il in his powert give IL recommend that provision
be made by law to meet this case and also to reach all
the stocks loaned BY the State to caqal and railroad COM
panies.
Tho productive capital OF the school fund.- at
the close of the fiscal year, s2,oeo,6 $40 Al
AT the close Of 1874, that capital was. l09asio 20
Showing increase within the last year. Of ss7 %
The unproductive part Of the capital Of the fund
part Of the state, and valued at $4,000.
The receipts into the treasury during the year for reve
nue. from this capital were. $780,. NlS,46S u
u. s. deposi,e fund. ............. 10000 %
year ar will be- ........ $a7s,4ss 81
September, 1874, there was remaining in
the treasury, balance Of the revenues
oil this iund oil. 6p,0lS 70
Making the Who'll. means Of tn. year. sss7. AIS -
ring the zane year, were. ........... 2eo,sas 81
Leaving in the treasury, ON the 30th Of Sep
TENDER last, balance Of revenue off,. fs6.s2s 90
The distribution to be made ually TO the common
schools from the Of this fund.- IL S7Sooo and
this Is upon the condition that thu counties raise by tax
like for the like distribution that the ssm Of
$3.50 000 Is in fact distributed 10 the common SCHOOLS
from the operation Of the laws regulating TITS iuna. 40
this amount the local funds possessed BY various towns
in the state, growing mostly out Of .nds orignsi ~
served for the OF schools have aeoed SxVVW Ger
tain hsve the vote Of their nhsoisnss aissd
by tax upon themselves $4,000 morej ana sneO nas
been raised in the Cities under various special laws the
further Of 5000 O00; 80 that the whole expenditure
for the wear. from these SOURCES upon the common
schools, and the school district libraries has been $7e5
O0O OF this sum tho amount paid Tor teschsr1 wages
b.s been ......... .......... S62o, SIS ~
And the amount contributed rate bills,
to ray teachers wsges has been. soe,iH IS
showing an aggregate paid in the state to q o., %. p
Tho school district ljbrores contain las volumes.
s5t volumes having been added during the OF
vercd by the last rcpo to- Towards these orane tns
paid Of the public money, during the nN yer,
$95.ib9 o. or the money raiscd In the cites 20 ms
$4,000 has been expended Ia the erection o. SC -