The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-01-03
the progress and the treatment Of all maguan.

enlargement and should be conferred suenty 1t
has lately visited us may return In this event these
po~ers may be essential to mitigate the severity OF the
visitation have been Informed that the act Of the
last session authorizing the revival of the act Of 1882
has been judicially declared to be unconstit utons
Inns decision may render necessary conarmation OF
different parts Of the State as well as . me- grant Of
under which they may be exercised without the
cpecon which Is understood to have been ade to the
confer them
tnsy also be well to consider whether the time has
not arrived when the State called upon to
its ad more efficiently than IL has hitherto doue ad
vance the cause Of medical education Every inhabi
t.n OF the State ut time other feels the need
Ine pnyician and Is interested that he should be
The reports Of the Comptroller and of the Commits.
e,oners OF the Canal Fund.- will be shortly laid before
you and viii present in detail statement of the fnsn-
csl condition Of the State and will exhibit graft.
evidences OF the public confidence in tie credit Of
the State and in the management of its con-
cer refer you to these reports for details and for
At the close of the fiscal year ending on the aoth Of
September last, the General Fund debt amounted to
- $3.50 693 80
Inc canal debt. ................... Is sos 345 81
Total adirectn debt. .s22 SIS oss 90
Towards the payment of which debt there was on
surplus Of the General Fund Debt Sink.
surplus Of the Canal Fund Debt Sink. ''''' ~
ing Fund Of. f................... 2oos77 OIL
s2l43o2 II
IA amount OF Canal Debt above stated
the sum OF $50 ST. which pay able prior the close
OF the tscal year, but had not then been present.
ed for redemption. The interest on this hsi ceased
from the time when 1t became payable; the funds for
its redemption being hand awaiting the call Of the
holders Of the stock Since the close ofhe fiscal ear
ftl,sl' Of this amount have been redeemed
The revenue OF the General Fund, exclusive Of the
annual appropriation Of 5000 0oO from the surplus
Canal revenues, made by the Constitution, and ia.
cludrg temporary loan to the Treasury Of SIS 900,
MAS ......................... sie245l 90
Inc lanai revenues were -. 3A2to5 o2
Aggregate revenue ...............s4235 81 235 s5s 81
! The "a, uents account of the General Fund du-
ring the year amousted to Ss42 22s AZ leaving
| sli3 279 %
Expenses of collection, supsrintendence and ordi
O. Apprcpriat,ops AIDE sy article q; n, '''''O'
| Constitution, toward the Sinking
| Funds and to defrsy the necessary
| expenses OF the government. ..... 1,s5o,000 90
| Total payment So 53s 500 81
This amount Of payment deducted from the canal
revenues Of the year leaves the Of 1907 log II ap
pcabie TO the completion of the Erie Canal enlarge
msnt, the Gepe.es Valley and Black River Canals
| Notwithstanding the prevalence during nearly the
whole Of the past ses.on Of sn epidemic disease which
greatly interrupted all commercial business and d.
mnished the amount Of transportation on ths canals
the receipts IRON tolls &C. daring the past year.
an increase Of nearly s2250O0 the receipts from
the some source during the preceding year while the
fact that the canals were In excellent condition aud
that the expenses OF collection superntsBdencs aud
oIdirsry repairs are nearly siTeoO0 less than during
skn and good management which have been Infused
Into this department Of the public service under the
orecton of the Commissioners in charge during the
year.
The General Fund Debt exceeds the amount stated
by The sum Of $500 0JO t3s5 600 this amount
conttute the sun directed by 25 OF the s Of
the last tesson to be aid 10 tn. he fund
resy the principal aad eEest Of toe stated 10
have been paid from the caua fund to the general
after the let OF Juae 1886 end he nitvi by
the CoDstituton. The object of the act authorizing
this payment "a. 20 effect su adjustment tseen
Opr ttptr We
tual amounts to the ameninents which ths constitu-
ton made to the previously existing lsss. and which
amtncu ebs tsatsd back the Let June 1886 thoush
not adopted until some mon'b fub tqlsntly The
~ ainiug slbte0 of the above sum. we're b,froGed in
pursuaic 81 cbspter ISIS of the ltss a ig TOR ths
building of the State Arsenal aud = q BE- reimbursed
from the syais OF the saie a the aad in the city o
/ New NoIk heretofore occupied for the AEsopal
The annual interrst on the General Fund debt, noz
smountf 10 S35s $40 So while tho snau.l INT set
Eysrt by the 1onsttutiou tom the surplus u
the cauals as Sinking Fuui 10 be applied % ths pay
nrnt - the intsftte s1d prucips Of t1s tO ~ b1s
sotG eco showing delcrucy % meet the int-Ts't Ia
each year from this appropriation % S4sy So shich
another buithtn upon The fund aud presenting srons
hdmCutioD Tor thu n-c,s,y 81 ani discretion
in ne amounts ana objects of irgislase gppsopris
uuns WIN piuitncc IN THIS respect Inc rryennHs e
the FOND 20 thought vii 30 fury sie.utte 20 meet
tfe current and legitimate drafts upon tneu.
OF he Canal Debt 50 40 SO 81 win become dOiprlcr
- January 1865 TIE avGiis Of To Canal Debt SEX
Ing tund eil be sufce1t 10 meet ih.s 1unt ~ the
sufplu tor the ysss 1854 and 1907 can arranged to
meet tie loans falling doe % l.l aud no further otn
on ls eftjit q me fund si b. If1ured 90 - sr, ne
stocks roo outsfaudsg until the lst 81 JAlulfy 1896
vixen 80 OGVo00 vii become due
On te let o July last 81 10000 of tha canal Debt
f due all c vhch ui N the ftcn t1u ui 5000 bore
ins'is't a. tc,en pr c.pt The spproe mad,
~ the canals 90 the Mnking Furd, nlt being sut.
q irni 90 ra m The taual Debt fast ~ u fails
cue the 5th .rction of tue 9Th article o. the Con.
ftituttn authorizes loaus upon TIE crt1h ~ the
Sitkrg Fund for this purpose In pursuance ot thls
authority tud under chapter 26 oi che lass - lsts
T:gO4s 20 borrowed IN June iast, U5setuAhle
10 July 1850 IA has alfo been effected during ths
YEAR uIder the l6th section of article - the CUuttu-
ton audin pursuance q chsptsr21, q the laws u sa
h o. 60 eco for extraordinary canal repairs
tnda urther lean also b,tn nexotaed the credit
cf TIE sinhns uud, chapter 62 cf The lavs q
1889 for the purpose % dfoharng the claims against
ie state or dausfcs ana Awards dus PRIOR o ia June
srait q tbe canal dsbat ths dais Or tho payment %
which tb- 1T rrc'ion 81 arics a The Constitution
CItGtcs the Sthhisg fuud
Thee several loans bear inlcrsr at S 20 csa, and
unay te remarked wiih lust pride and -fae'1n In
cor plating the n at 81 the state that thets
lcsus tunung or nttu ID sixteen ysars rssfectitsly
have yielded an sverige premium a. " 1000 p"r cent
sw Tassed inst ut1fet aut1uiisi the baIrgsins ~
sum Of money % repay o. ths city of thany crrttn
esFtIfef iucuucd &c eAeasRfirR and clssuug out the
bssia. opposite 60 that city st the trrnain - me
fris ard Cfamp'ain canal. Th- urcraatty f.r bot
rcrtR ttis money will BE- t1ysied y th- T. x iturs
tin tllnk proper 20 dffct The appcaion to the rs-
Taymsrt contsnpisted by The se refrrr'd 90 II th.
pr'uumf received on the loan ~ y R o4i 10 elected
ls't GUNNER which amr'nt % e2tl tbi %
The ,nlaIgsmsrt Of the Erie Canal n-d The compile
ten "a the Back River A. geufsee valley .nala, are
pc lrcfsing rapidly consists With the limited ap-
Trcptisitns for those Clects under the cous'ttupn
~ the eprlng q 1850 i4l ~ miles oi The enlarged
flie canal and 4l5 eBlarged structures, viii be IN
use being an eediion Of IS miller aud Of ~ struo-
tutes. during she year
OF tbe Blact River Csttl 80 miles are fHi,het, ard
ready fr ravigstsn snd sill be opened for use wih
the otl tr csLais next spfirg
OF tho Ctnsste Vaiiey anal GO miles beyond ia
present termination u such state - forwarines'
tst hey can be brought into use H. the cod'o q th-
I next season.
The appropriation made by the last Legelsture for
I improving tie upptr waters a the Hudson figer. ha
been JUaicionsly applied and sil have the eject o
optuing uev trioutaues uf revenue 60 te Chsmp eif
canal as veil channels q approach 90 Ia ~
ard hitherto tesuded region, rich 10 the products u
tbe mines aud tbe forest aud which. unt recently. Aai
received but little " any AID om Tie STATE toEars The
devslopsmcnt uf its resources.
The condition, oOth September last % the three
uuds whose revenues applied 70 pufposes Of edocs
tion, vas as fCliows:-
CoynoL EsrrnHs. ruueafs.
Common sohcoi Tuud s2e' rs 1 e-f@J 10 s1fi eG %
I ia'srai,re iund....... 2l.,. II l.Nt ~ t5fD %