The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-03-23

Total ACKNOWLEDGEMENTS. $l,966 ,243 II
Ofthe amount belonging to the Canal Debt Sinking
7und the of $37 99l Is appropriated to tho re-
emption of the per cont stocks Of l84s and the re
ddue ($ll6 sSs 4o Is applicable to tho charges upon
hs Sinking Fund during tho current fiscal year.
Since the close of the fiscal year, of the amount
boys mentioned appropriated for that purpose has
BEEN paid in redemption of the per cent stocks Of
s4s leaving only 81 800 Of that stock outstanding.
Tho sum Of $l,l93,l2 Al, belonging to the Erie
anal enlargement includes $202 58S "A Of Bank Fund
took, AMI $ls4,673 A OF unavailable deposites In
leaving $605 S64 49, at the close OF the fiscal
vesr available for the purposes OF the appropriation
OF the unavailable bank depcsites, tho Bank Of
Brockpcrt held $3,7l6 so; Canal Bank Of Albany,
AIS Oo2 AL Canal Bank Of Lockptrt, l13 ~; Look
mort Bank, 2S,460; Lockport Bank and Trust Com
Isuy, $40 S22 81; Watervlist Bank, $42 4s0. The
meunt due from the Bank Of Brookpor 10 believed BY
khs Comnssioners to be . total loss. The Lockport
Rank Lookport Bank and Trust Company, and the
Canal Bank of Lockport, will probably ultimately pay
M the whole of the claims Of the State, with interest
Notbiue Is known relative to the affairs Of tho Water
et Bank or how much the State will realize from Ito
plain.
osnt of its debts to depostors; this proves 30, 1t
Al r.duos the loss Of the Canal Fund to about SOL o0o
bs state holds security for this bank the covenant
n John Reyes Paige Tnsddsus Joy, and Edward
the President and two other directors Of the
k.nI Thee men made afdavit, sevsrslly, that they
worth the following sums and above ell debts
IN the 18th day Of april, ls4s, vis:-John X. Paige
s4oo oo T. Joy, $4,000; E. Artohsr, $4,000 Suits
are now pending against them ON their agreement In
charge Of the Attorney General In the meantime,
n said they have put all their property out Of thor
hands, and pretend to have nothing to which the State
can resort for indemnity
The revenues Of the state canals during the
,.sosl year ending September lS4s, amounted to
As l o7o 49, and payments for repairs expenses Of
collecting tolls 20 amounted to $s66,s5o g. leaving
nat revenue Of 81 84s l9 ST. Of this there has been
.et apsrt lin accordance with the sonstsuton to pay
ths interest and redeem the principal Of the State
.bt and for the support Of the government for that
mart Of the debt called the canal debt 0oo for the
s.peral fund debt $3SoooO; and to pay the neces.
s.ry expenses of the government, $780, 900; making
total Of oO0 leaving balance Of S4sS 81 ap
,oabe to tho completion Of the Erie Canal enlarge
nent, Black River, and Geussos Valley canals.
TIE Commissioners Of the Canal Fund in June last
stock bearing cent interest," to the amount
of SAso $40 a. ON which . premium was received Of
Ala sel 70 making the whole proceeds OF the lean
A6Ol $50 So This sum was paid to tho Eric ana
Chawplain Canal Fund, the principal Of ths loan psns
the amount Of tolls diverted from the appropriation
the constitution.
The appropriations made by the Legislature In ls4'
and ls4s exceeded the amount of money in the hands
~ tn. ommsione at the close Of the fiscal year
.ppl,osbls to such purposes by $29a52s 49, This re-
Emitted from sppropratng the surplus Of the year Do
fore itS amount ascertnned' and relying upon ss
,ust,s, which the result shows wers too favorable
.h. last annual report Of the Commissioners OF tn
Canal Fund presented an estimate of the revenue 10
en-. wear ending the 3oth September, ls4s, In whis
~. tolls are placed at $500 900. The amount re
lived was So Ibs GA "a sho~ing an over estimate
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