The republic. [volume] (Washington [D.C.]) 1849-1853, 1850-01-04
Message or the Governor OF New York.
The New York Loarr,anL nf Cotuuerce furnishes II

message OF the governor OF new YORK.
The New York Journal Of Commerce furnishes the
following synopsis and extracts from the Cover
nor's message:
Canal, l22 6l0 miles, and AS enlarged structures
will be in use in the spring of 1850.
The operation of the sinking fund is gradually
Withdrawing the State stocks, which now form the
basis of our banknote circulation, and attention is
called to the Comproler's suggestions for supply
ing the deficiency.
The Governor reterates those recommendations
of his last message which were not acted ON by the
Legislature.
He also recommends prospective exemption
from sale upon execution, Of the premises occupied
homestead, to limited value.
Governor Fish is of opinion that the resolutions
of the New York Legislature in opposition to the
extension of slavery into the newly acquired terri
tories are supported by the nearly unanimous SEN
timent of the people Of our State.
The condition, on the 30th September last, OF the
three funds whose revenues applied TO pu-
poses of education, was as follows;
Capital. Revenue. Payments.
Com. School Fund S., 243 ,563 $2s4, 1903 $244,41
Literature Fund. 2S5 ,sSS o 42,oss AZ ss's sSS
At the close of the fiscal year, end
ing on the 30th Of September last,
the General Fund debt amounted
TO ....................... So,So9,oS5 81
The Canal debt ................... lb,5O5,345 81
Total " direct" debt. ...... S22 1876 ,03s SO
Towards the payment Of which debt there was
on hand
A surplus of the General Fund debt
Sinking Fund ACKNOWLEDGEMENTS. $13,5l5 16
A surplus of the Canal Fund debt Sink
ing Fund OF .,.................... 2oo,sI1 vi
s2l4,3s2 II
Included in the amount Of Canal debt above
stated, is the sum Of S90822, which was payable
prior TO the close of the fiscal year but had not then
kaa tod for
this had ceased from the time when II became pay
able the funds for its redemption being on hand
awaiting the call Of the holders of the stock Since
the close Of the fiscal year. S77,9l7 OF this amount
have been redeemed.
The revenue of the General Fund, exclusive Of
the annual appropriation Of 5000 900 from the sur.
plus canal revenues, made by the constitution, and
including temporary loan 10 the treasury Of
$4,000, was ACKNOWLEDGEMENTS. SIS2,4oI oy
The canal revenues were ........... 3,442,sO6 81
Aggregate revenue. ......... S4,235,35o 81
The payments on account OF the general fund dur
ing the year amounted 10 SS42 ,22S 49, leaving
surplus of the revenue hand, on the 30th Septem-
Der, Of Sl13,279 %.
The payments out Of the canal revenues were
l. Expenses Of collection, superintendence and I'd
ordinary repairs. $500. ....... S6S6,SO5 vi
?. Appropriation made by article seven
of the Constitution, toward the Sink
ing Funds, and TO defray the neccs-
sary expenses Of the Government. j ,S5O,OO0 %
Total payment. ..............., S2,5so,SOs vi
This amount OF payments deducted from the ca
nal revenues of the year, leaves the sum OF Sss7,
l02 III applicable 10 the completion OF the Erie ca
nal enlargement, the Genesee Valley and Black
river canals.
Notwithstanding the prevalence, during nearly
the whole of the past season. Of epidemic disease
which greatly interrupted all commercial business
and diminished the amount Of transportation on
the canals the receipts from tolls, &c. during the
past year, show increase Of nearly S225,O0O
over the receipts from the same source during the
preceding year. while the fact that the canals were
In excellent condition. and that the expenses ofco
lection, superintcndence and ordinary repairs are
nearly 10000 less than during the preceding
year il strong evidence of the economy, skill and
rood management which have been infused into
this department Of the public service, under the d.
rection Of the commissioners In charge during the
The General Fund debt exceeds the amount stated
last year by the sum Of 100000. S3s5,00O Of
this amount constitute the sum directed by chapter
225 Of the laws Of the last session, 10 be paid 70 the
use of the CansfFund, 70 repay the principal and
interest Of the amount stated 10 have been paid
from the Canal Fund TO the General Fund after the
LIST Of June, 1876, beyond the amount limited by
the constitution. The object Of the act authorizing
this repayment TO effect an adjustment between
the two funds, In order TO conform their respective
| actual amounts TO the amendments which the con-
stituton made 10 the previously existing laws, and
which amendments related back 10 the LIST June,
scquently. The remaining $4,000 Of the above
sum were borrowed in pursuance Of chapter 1ss Of
the laws of lS49 for the building Of the State Arse
nall and s TO DO reimbursed from the avsils Of the
sale of the land in the city Of New York, heretofore
occupied for the Arsenal
! The annual interest on the General Fund debt
/ now amounts 10 $685., S29 So, while the annual
amount set apart by the constitution from the
plus revenue Of the canals, Sinking Fund TO be
applied to the payment Of the interest and princi-
| pal Of this debt, Is but S350,00o, showing def
Cheney 10 meet the interest in each year from this
appropriation Of So $40 So, which must be paid out
| OF the revenue Of the Fund.- throwing another bur
| then upon the Fund, and presenting strong adj
monition for the necessity Of economy and discre-
ton in the amounts and objects Of Legislative sp-
| preparations. With prudence in this respect, tho
revenues Of the Fund IL thought, will be fully adj
equste TO meet the current and legitimate drafts
| upon them. ..
] prior to January, 1886. The svsils OF the Canal