The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-01-12
year, applicable to the completion of the
Erie Canal enlargement, Genesee Valley
I'D II Dixu.


year, applicable to the completion of the
Erie Canal enlargement, Genesee Valley
and Black River canals, g.. ....... 9797l8 80
The preceding statement shows the whole amount of
receipts and expenditures the fiscal year on
funds for the payment OF the debt and two hundred
thousand dollars for the support Of the there
an excess OF revenue applicable to the public works Of
1881 S34 50 This is the which the Sd section Of
the 7th article Of the Constitution declares shall. in
each fiscal year be applied in such the Legis
lsture shall direct the completion of the Erie canal
enlargement, and the GsDesse Valley and Black river
canals"
In May last the Legislature appropriated 1891 coo Of
the surplus under laws referred In the preceding
statement And since the close Of the fiscal year a
further sum Of sosoooo has been appropriated for the
pablo works. This appropriation exceeds the surplus
by the Of S29l6b a. The contracts entered into
by the Canal Commissioner however, ought to De kept
declares that debt shall be hereafter contracted
by or behalf Of this State" except On compliance
with the conditions therein specified.
Statements Nos 2, as, and z, show the amounts
received and paid on sccount Of the Canal and General
Fund and sinking funds Tho fund embraced in No 4
the amount received under chap 2i4 Of the laws Of
1914 or tn Of tenth Of q mill for the years s,5
and ls46 This tax Is at end; the Of Sll90 80
and that account will be closed The annual account.
Of the sinking funds will then be limited to the two
established by the LIST and I'd sections article Of the
Statements Nos. 8 and 0, show the amount Of the
surplus applicable to the public works for third Of
year from the fret Of June s46 to the 30th OF Sep
emb.r Of the year and the appropriated and
transferred from the Erie and Cbamplain canal fund to
the eame OBJECT during the fiscal year The total In
S5ol0 81 To this is to be added the surplus beyond
the estimate shown to be hand the close of last
fiscal year of S620s34 81 This the total surplus
provided by the Constitution for the prosecution
public works from the LIST of June le46 TO 3Oth Of
Sept ,ls47 period Of sixteen months, 81 099 454 eg
Statements Nos TO- H. L. 49, IA and Is relate to the
redemption Of the debts the Erie snd Champain the
Oswego and the Chenango canals The entire debt Gre
sted for the construction Of the Erie and Champaign
canals payable in 1887 and ls4s has paid and can
ceed with the exception Of certificate for $60 which
is held In Scotland and which interest has been
paid since the fret Of July 1897. OF the sum Of
So 3620O0 borrowed for the Chenspgo canal payable
In January 1916 the whole has been REIN except
1850, which interest has been paid since the LIST
OF January 1916 There debt Of S42l 900 for the
construction Of the Oswego cana payable the lat Of
July lS46, every dollar OF which has been redeemed.
debt OF s60O00 account OF the Cayugs and Seneca
canal, and due at the came time has also been paid
Statement No is and IL, shows the amount received
from railroad companies account Of bills freight
and the expenses Of collection
Total amount OF tolls received. ..". .S3e 946 40
Expenfes Of collection. ................. $50 90
Net revenue. ............ .S3s 1876 40
Statement No Is and 49, gives the receipts expen
ditures for the fiscal year account Of the enlarge
ept OF the Erie canal The payments are s632, 6s7 %
OF this there was paid for interest the debt
1859 ITO 90.
The balance hand applicable to the enhancement lie
4s77 10 In addition TO this there has been appro
pristed OF the surplus since the close Of the fiscal
yssr, ths sum Of $3.50 900.
.st.,snsas no 10 ana a. shass .hs receipts sst pap
msn" on sssouss o. the xr'o end Chsnvsin Canal