The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-09-02

Mr. Shaw presented the remonstrance of the
trustees of the Moravan Institute against the proposed
diversion of the Literature Fund.- Mr. wOrdsn present
Seminary Referred Mr. Ayrault presented the follow.
ing plan for R1yng ,hs sa debt and the
committee Of the whole having charge Of the financial
reports
81 The legislature shall not SELL lease or otherwise
dispose of any of the navgable canals of this State in.
GLIDING such the State may hereafter finish and make
navgable but they shall remain the property of the
state forever and TIE tolls and all the revenues ac-
crung therefrom shall be applied provided for this
The tolls shall be so regulated preserve
the public faith and provide for the punctual pay
msn Of the public Is be- mas s in and
those objects until the whole of said debt shall be fully
paid
nails the legislature may have power to increase the
present State debt to the amonn; Of but not exceeding
in the aggregate 900 000 Exclusive OF contingent
liability Tor the of S7l30OO loaned to solvent
corporaons provided that 1t can be loaned at rate of
shall mot exceed in any one year 81 600 0o0 AMI no
such further shall be made unless for the better
enabling the fulfil its engagements BY prescott
ing with view to completion part or all Of the I'M
flushed canals, to wit The Erie canal enlargement,
Genesee Valley canal and Black River cana-bnt the
present State debt shall not be increased for sny other
purpose unless to repel an invasion or suppress an in
81 After paying the expense of collecting suporn-
tending any ordinary repairs 100000 Of the
of the state canals shall in each year. and at that rate
for shorter period commencing LIST july l5l6, be ap-
piled set apart as sinking fund for the next ten
to pay the interest and redeem The prncps Of
said shall thereafter continue to be applied
apart annually or in that proportion for shorter
whole said debt and the interest thereon fully paid
and satisfied .r-.
The balance of the revenues of the canals be the
less after pay ing as provided in the last
preceding section together with the auction and salt
duties aud all other receipts the treasury not other
tI greeiI rall
discretion oil the Legislature in defraying the ordinary
expenses Of the government the completion OF the un-
finished canals and the OF public debt that
is, the said canal thus redy pledged,
until the debt and interest thereon is fully paid and
Sc II funds herein provided for paying the public
creditors shall not be realised in time to meet the state
issuing stock for that purpose sal dnew stock shall
lie made payable at such time the will meet
the same.
The balance Of the aggregate state debt including all
bs less and
borrow 81 100000 is S25 900 000 Appropriate in pay
wall ST ten az sS
interest the in % years Or apply all the
after completing the canals and it is believed the debt
will be exiting uished at a much earlier period.
This plan simplifes the state debt by treating the
amount in the aggregate instead OF the numerous specific
aud general funds in which it has been heretofore
sdered and secures the early completion of the pub
lie works thereby increasing the from the in
creased business caused by cheapening transportation
without reduction of tolls
Mr.. Perkins offered the following resolution, which
Resolved That the Comptroller be requested to fur
nish this Convention with the amounts paid within the
last three judges Of the several of oyer
and teminer in this state for services under part fourth
chapter frs title section thirteen Of the Revised
Statutes
The Convention then procee led further to consider the
report OF the Judiciary committee. The question was
upon the fifth section, which reads as follows:
ANY three Of them may hold general terms OF said court
in any district; and Of them may hold special
terms and civil courts and preside at the courts OF oyer
and terminer in any county.
MIL Taylor moved SO to amend the section that it
would read
appeals or any two more of hsm, may hold terms of
said supreme court and any of may hold cir
cu courts and preside at the courts OF oyer and erm
in any county.
Mr.. srsrsoS moved to strike ont the words and Of
the court ofappeals Lost The question was then ia
ken on Mr.. j. Tay lor ndIne and rejected
Ayes -, nays 20 Mr. j. J. Tay lor then proposed
amend the fifth section to provide that any Of
the Judges OF the court OF appeals may hold special terms,
circuit courts &c to the end Of the Lost with
out count Mr. Murphy then offered the following sub
stitute for the fifth section
Provision may be made by law, for designating from
time TO time, Of the said justices
preme court not of the Of appeals either of whom
preside the general OF the to be
held in the several districts Any three of the
said Justices of whom of the said Justice SO desgna
ted shall al ways be- one may hold such general terms
And any one Of them may hold special and circuit
courts and preside in courts OF and terminer
in any county,
Mr.. NIcoLL moved to strike out the words Especial
terms and" in the last clause of the substitute Lost
r. a,a}fa "a ~ =, -. - ~"so Va NAe '"oS'i'u'e "a'
"'.i a',e noeu ~ as w iea 80 =,
l,i.a any ons VI ole .. .hem may hoo specia terms
anu oi'ea ooui.s anu any one Oh tem may preside IN
0ori y, o,er anu ~. Vel ~. miner ia any county.
49,, ne i, e. ol .e s.n secuon as amended was
provides that the salaries of the Judge shall fixed by
'a.i ~. oe uui.'s MS conuuuance
niar"a s ~ nnrsm osou " In OUT we ,auel
No =, o . na WI, nfo~n' on oenan ol
should be diminished below the amount at which
II stood on ms acceptance OF the office, and that
NJ law increasing II snaii mxe ehec- uaul two years
alter us passage Lost MIR Perkins proposed to amend
as ~ ptov,de saas no law increasing or dmnlsrIngtae