New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1846-01-07
Making the amount sctuslly contributed
frnm The surplus reyenGes for the four

yesrs...-...--.....--. 1852 SO Il
the amounts thus contributed SIRE the whole snous,
of the surplus and above the expenditures 10. es
az the years TIE surplus for 1879 vii be seen was
very small and fell far sho:t OF the required contribution
and tia, Tor = 70 more han $4,000 lAose
u the yeats considerably exceed the hi; oi tie
annual interest ascsfsined under the law. iet TIE
aggregate Of sctus contributions is less by S5lcoi3s
than It should have been make good the uad accord
.ng 20 the contemplation OF the law.
There Is no express provision n the law cstahAsc.
inc this sinking fund which requires thai deficiency
the csnGl make the contribution for gwen
year shall be supplied rom the surplus o; subsequent
year. although ne nature and objects o; The fund re
d.e that Cunstruc,aH but ,he act, chapter 3i4 OF tie
avs o:isfi supplies tia deficiency IL uc one by ina.
king this requirement IN terms This last directs The
estsblishulcn OF another sinking fund meet debt
authorized By It. but the canal revenues have yet .
nishcd 10 surplus applicable 10 that OBJECT AS Ec state
merts before made show that tue calls o this tand
euisc more than the entire surplus hitherto
Nv annual message 70 tire last Legislature was pre-.
pared under risappreheusiou upon this subject. Not
siyertinE the fact hst the Ccacicncies OF former
wears in Inc contributions TO this fund were TO he sup
piled from the Subsequent revenues, assumed TIA,
those OF The last wear had furnished surplus beyond
Inc demands OF this sinking and upon them. That ms
was fully corrected IN my message 10 The
Assembly returning the bill concerning The cansls'
wiki objections aud 10 the correction therN made re-
spectfuy refer in the explanation shodid becos
material.
The revenues Of al the canals for the last fiscal year
have exceeded those OF the year lci oy tire sum ct
$2J9Si 3~ On; the expenses are above those oil iAs.
year by Si0l69 % that the surplus OF revenue ever
:he expenditures is Sll4lSj - less than the same
plus oil the previous year The canal tolls for The yeG
ending the Both of September last were SI2SOs 81
less than tor the previous nsca year aud the rents i
surplus water S6A - less bat the interest IN the
current SIS PA o. than FOR the PIE,
vious year thu; oVerbaancing the deficiencies IN tie
other Items and giving the of gate
nue. above stated The excess OF expenditures Tor iae
last year has been principally upon The repairs under
the direction az he supcrLendCnts of repairs and tue
improvements under the Immediate direction OF the
Canal Commissioners the former item having been in
creased 81 656 81 and The latter $40 35 - The Al
uual report of the Canal Commissioners viii presume
exhibit these expenditures and the causes for them in
satisfactory manner.
The business OF tae Fall has shown that the principal
canals must have been in good condition for navigation
As The amount OF tonnage transported has been much
greater than in any former equs period and The regular
y and facility with which unusually heavy laden boas
made Their the best evidence tha few obsruc'
lions were encountered The receipts of tolls, for the
ast months of the nayigabc season were uaprece
ienedly large and have materially aided. at oppor.
tune moment to place means in the hands OF the COM
missoners of the canal fund redeem the large amount
stocks which fell due the rst day OF the present
month The increased demand and improving price Of
wheat ana our have contributed principally toward this
pres. of businesses the canals and tne cou5t Queuce hiss
doubtless been send forward % market curing the F
much larger portion OF the last crop than would other
wise have been brought out before the next seasoD The
tolls of the Fall nave thus been greatly Increased wnAe
those OF the spring will be diminished 20 the extent hat
business has been anticipated by the change in the Fall
market does necessarily follow therefore. that
the tolls o. the fiscal year ending on the 3Oih OF sepem.
her 1916 will be unusually large. because that portion
of them already received has been SO.
he tolls upon each OF the canals of the state Tor Tue
last navigation compared with those OF the
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