New-York daily tribune., 1849-09-08

IN -TT"T :
suited tne conscience of Controller Fsgs snd be
coad -tDrs, % pretend great reverence tor some 0f
tutsr pfoTscns While they eho a Isre.ard-d 0tnrrs
!. hhd been Necessary % Dsy account Il the Canal
Drpt between the st Of June snd let OF Octoter 80
TOE sum OF sr- 81 q, while portion ~ tbe sinking
fund Tor those tour mouths applicable 20 these pay
ments, Wss but SfC t3 80 NIX ~ IN excess 0f pay
ments over tre Sinking urd of s46s-s l5 is s~t-d
10 the Controllers Annual AeIgrl -1r -f7 As-emoly
Doc No ;. page Il IL stating these facts TIE Con
tfoler with great co0lness and i-com yl-cercy
marks ns amount Of debt oefOre referred %. nav
lng actually been paid and the siOck Originally issued
Tor the principal o s11l yf having been lsken W sn1
canceleo there j. poEer, things stand %
create inst Cancelled debt % 10 IN any respect de-
sraole that vitality should be given % it, OF course
IN his view 10 was not d-slfa1e % restore trs sun
Of money - the fund o. which 70 belonged becsu-e u
~as the fund Tor the completion O the canals, which
BE- vas born % hate And The solemn cations of me
Constiuuon we're not strong enough - render % 1e
siraole % him that they should b. ob-srved A. %
the power, which D. denied DO - found ia the 5th
uon 81 Art Z, which ne has never -eemsd aDie o. Tn
uefssnc In the same report b. enoesvOred q cover
w ihis disregard % hs constitutional Obligations by
smother pervsrsion Instead o. commencing nth the
revenues on the 1T of June lr40, 20 ascertain TIE
amount ~ ne remainder o. 0e sppIird under the
'onsttutnn % the yurIc works he went back o tue
To- OF October l5fJ and onenrd Of recei yts
oi year eight months o. which excluded BY the
tonspwuon for The amount received 100 lne trt four
months from the time liked for the commencement Of
this disposition Of the revenues by tnls curtrfance
he d~indled the remainder for me completion Of
The csnsls down from near ns million Of dollars. %
little than 800 900 The gstt4r ~ resprd until the
Legislature Of l-4r csl~d upon the Controller for in
form auon whether any % the surplus ~ the
canals accruiug after the let Gay Of June 1876 and
por a. the hrst day Of October II th-t year nd
uneonsututiouHly Piled 20 the payma NJ 0f demands
against the state ana 10 go. Wnst amount
ME call Wa answered by Controller Fillmore who
showed that the true surplus of the four months 10
question, belonging ~ what he styled the Enlarge
menf Fund was $40 slp g. which sum the Legisls
tufe Authorized to .e borrowed upon the credit Of
fne Sinking fuld which was found ample for the
purpose SIX per cent stock having seven years t9
run brought % the state very t-s d-ooe premium.
lt will therefore be- seen that ths sum j. not q ne"
debt falsely stated by the Aas writer but is {,
portion % the debt n existed the lst ~ June
l-f6 the means % pay which we're Temporarily A.
vauceo from the Improvement Fund and then replaced
by virtue o the 5h section II article But for he
uuprncped efforts o Controller Flagg and bis echoes
~n0 apoiOgss 10 conceal his proceedings n the matter
ana 20 pefpffuate his lnifacuon ~ the tonsttufou
and The msI. .nant assault now made upon the Wing
Legislature for their suct o3cdience u the require
ments oi the Constitution, there would be- no occasion
these tbings 10 cenfure any one. There Vas no
wrong the part Of Controller FsQg in applying the
iun0s in hand 10 the discharge of the debt then due
Blt why need he when the Constitution had spprOpu
aiad thos moneys endeavor o. conceal their existence
Dy tuck no compufafIonf How wss be called upon
deny the power given ~ the Constitution D. carry
a. provisions into efectf Why could be- not sc1
~iedge bis constitutional obligations % build 80 vel
20 pay
But We will proceed with loans which trouble our
writer The set chsp 2lJ l-l9 entitled " An Act 10
-siie the claim Of the Canal fud on the General Fund
-ordiug o. the provi-ons ~ the Constitution pro-
Virs i0r rfcuying another oi Controller fIHlt per
ver.ons Section g. Of art T. provides ftai the ~nnua
contribution from the Canal Fund 20 the General fund
alter compIyiue with The provisions oi sections sEd
commencing i.t Jurc l6i7 shsll be -ucn fum, mon
exceeding 2OOOI' BOO csct year. nj may boz required
% deiray the necesssry expense Of the state BE-
tween June and OCT }, l-if, there wac paid o. the
General Fund from the CsnA Fund, The SUN OF
cffNN Z 81 The Constitution
permitted 90 be- retained for that period. lhs
-ubl-ct brought before the l. sature in the ast
annual report Of the Commissioners OF the Canal und
Assembly Doc. le49, No 100. lr) The LEGISLATURE
pss-ed the above mentioned scf requiring the Control
l,r 10 issue ns bonds 10 the Treasurer for The use o.
ile Canal Fund for s3-5 900. being the above sum Of
33 J3 80. with interest 1T Fix per cent from the
clse of the quarter in which % paid, 20 let May
is89 the DAY on licn the Controllers bonds were re-
q4if,d 20 boz Issued Again our writer has Incorrectly
4ted that The D. new debt To Vas an uverpHy
meni beyond what the Constitution permitted from
tie Canal Fund aud spped IN discharge Of cl-ims
upon me General Fund existing let june, lrit.' 10
advance of The period when sucn claims cond oe ols
charged boy the Sinking Fund established Tor IN puf
pose hy the Corsutution To was temporary l0au
from the Canal Fund. snd has been returned m an
available FORM in manner perfectly co. sisfnt WIN
f.e GOuafifutltu. and Rhu regards the OhIlEh
Oi ths instrument a. hndrg upon The conscience
could have excused the Legislature II had nes ecied
a. require It's return
The loan next 10 order. ~ mentioned m the dnGs
article s that for the Albany Basin, which this writer
e-umaies si $4,000. This losn Il authorized under
TIC authority ia the 10Th sec 90 art T. 20 contract
debts for "tNprnss- not provided for 20 an amount
not exceeding 81 100000 Three sessions of the Lesi.
sture have passed since the adoption of the tonsu
ton. The authority given In this section 90 borrow
money has not been resortcd m the passage Oi ms
sct lit Is not more freely used hereafter twelve
years will have elapsed before II s exhausted by which
time IL msy be couhdenty anucipAi-i tne reven-
uos of the State VIII be In sufficiently pros
porous siste 10 provide amply for all wants, unless
again dersnged aud squsnder,d by proaiescy similar
that which characterized the last reign Of Loco
Feroism
Next comes the set chspter 232 Of ls49 IN relation
a. debts due dams.es ON the Canals prior o. June
/ ls46" This act authorized a loan on the credit
ui t.e sinking Fund oi "ruch sum. not exceeding
200 OOO he may be- sufficient 90 supply any dencltn
oi-s ia sad sinking Fund. 90 pay the awards Of the
canal AuprAi.ers and The Caru. Board and the alow
anc,s by the Canal Commissioners and me Commis
.oners Of the Canal Fund for damages or other claims
accruiug prior % June J. lc4h.' This enumef 4uou
rnmpri,es al officers having power o. make award
and allow ances Tor any elaine upon the Canal Fund
ID has been already sufficiently shown that The class 90
public e4dtors provided Tor by I'M. act nave - vel
iouuded .ht % the security afforded ty TIE sinking
Fund as any other The lss sppropriaIes only Siuo
OU How much will yet De necessary 90 meet ms
class of claims. are not advised, hor IL there any
mean. of knowing These claims chl' ny result from
fhe p.rverse measures OF the Loco Fucos IA l-4Z
This loan is In possible sense new debt ss is
untruly stated lts consu'utonHiy and propnety are
too obvious TO need any further discussion With any
honest man Rogucs and ialsirers vii stl remain 90
Lastly. We come to the loan Of $4,000 Tor " elaine
,pou the Csnai Fund snd expenses not PROVIDED Tor
rhs loan 10 under the authority of section I'D Of article
ana is the second rcsort TO H. and yet the issI
since ts adoption. .,..
Here then. have ms result lnsirso oi neN cen
rsufhor red bv the Cousnuuou. ~ stated hy ne AA
writer amounting io...-----... ''
A.. b.ye to .urqIy a diversion ui Controller
Fass, which be tred 10 conceal, aud dr'itd
th. nowrr to re- store. cunsolus tlm-eI win
Inc thought ilaf if- Con.i.i .i4ional -pple e-.i,u
wasuul tdr,IraH.r '.......-...... .s+oseis -
her ffCn
re r.ia the debfs of ihe General
Funa with. suu said nothing shout
s.s,S S3 S. amounting Win luicr-
eel .o sSS5 60. lu no fcspec4 .... ~.
new utbl .....-.......s-s.. .''e'''N| U"
To suuriy drhcieucics 90 pay oeps
du. fnr damages &c puuf TO June .-... a..
l.l 1870 .s. .'N'N
eesgrne our isf OF grievances lo.....--... $500 it
Cf ms ,um there - ihe Albany Bs-
sin .Oar. -NNfsNN w
rr- loan ior ~ Npeu.es Dot provided
''fff Al
Soih under the lotn sec o. art. q ---'''p'N ~
whole amount VVeo "
This overstscmtut Is mHce ~ t7Ains lne atlo
named In me lst section Of the sct. without poicins
~ hne W ing 90 stale. that only eluulVv Vas spPfo-
,i.ted snd thsi no more could De- expended without
a further act OF appropriation
We have space 20 notice hut few oi the missisie
nf of this " rter 90 what he considers Dr. arguuen
E ..r,ve norton o. he article Arc getting through
th he statement oi the -trrcnt acts 20 ine Lt gels
Z 81 s.rsr of ~ N =. :