New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-01-07


4 further amount saws the Report viii Dee re.
qurod 10 meet certain expenses OF the Government
lot oW provided for
THg CANAL FUND
Thc public works OF the state. upon which d. IS
iund IS prcdcatci, are 90 be considered 90 tvo as
poets.
fD'f Their money 'aae, a. Al Investment Of cay d. q.
sec,7f Their ul4y To- 'hc people a- thannes of 'rnie
anl commerce, Attending CHEAP urd cas-, arce', " ma kc
l.Hl ucr crm-- ~ qaf lc AID private prosperity
Ii Must now be conceded that the construction o.
tho caua,s wss Il iudciouS ami profitable invest
men; Of the public funds and credit, when REGARDED
a mere financial question, having reference Only
To- the return oi revenues Nie.icd "a The treasury
The most sanrumc sutcipstous oi the earl, frieDds
OF our system, Of informal improvements. have been
surpassed ly the actual Increase ni business and
io..s Tho estimates presented a. the Legs allure
Of s5s M the cccbrutedrcport of that year framed
b, one Of the most enlightened aud efficient sup
Voricrs Of liberal state policy, have been confirm
eel and more than realized by positive results L.
the calculations "a thar report. u WAS assumed that
Il She Erie cana should bee enlarged ~ speedily as
aa economical expenditure ~ the money would per
nit ami the rates 81 toll nlal ta 1e upon the bass
then established the revenues ior the year ~ asyl
cation. l-i9, would reach the SUN OF s3Oooouo Il
vii bee seen irCm th. statements herewith submit
ted. thar The sctua. revenue received during the
Mr hu-cies ia ls3s.
IN the mean time th.rc has been reduction o
tolls equal - Id per Ceu- the WORK 81 efiar-f meat
on ~ lach noe than l.Ftceu mlLons have been
pended has tot Vet 5ccI brought into use and q
should not be forgotten that the tolls dur.n- the
summer mouths were G.. sit-ah.v impaired d.
s'anliy. wh'ch gave temporary check - IL
bus Ness pursuits o. tie whce country The -ross
revenue a. IT, canals during tie last tsral year
.n4,1- SEPT 81. was S3.iia.g26 o., AMI after de-
tuctin- S6,ts13 9l .or the expenses ol coil ,!,l
superintendent anl repairs there rcmslis clear
.Lccnle Il s2.t7.lo, -
Ailid.n- TIE last year - a ca;cTlCi & sgd re
observed tina; the vaue OF iAe canals is equal % q
capitol az Ss5,95i.1ll - invested 81 TX PEI cent
interest Tie average uet income tr the last five
wears Is S2.3so9l6 IT, ~hch Is equal 10 capita
% So 5lS.l3 o. az slx Per ccat interest
The entire cost @. az the canals. - luiluS the
eNpend.tur, on the Erie enlargement The Genesrf
Valley and Black River Canals, o. 5oth ScPtembe-
.asl. ~ exhibited by tsc accompanying statement.
market = o. MAS sl3.2lil3> o.
Oi'h.s amount there las been expended tie So
of Sltf<4-4s II cn TIE enlargement; 90 lie tge
Canal while ~ I~rilou oi ihe enlargement has beer
made available aI the fgrpNse 90 ilcrtasl-- tlt
see sld iuDna-- 90. boats sal The consequent re
dacuCn N the cost oi Transportation. IL - aiiici
psied that The enlarged locks v ll be brought iii.
use tor the season oi nssl-stion ia leal aud u e
may d, a,onsby that, when THIS expectation is real
iEed II must be allowed by material in-resse %.
.radC and rcyc-uc.
10 presenting these -euersl results Tie public
wosks Constructed snd owned by the STATE haFe
been ~cc'r.ei as az entire system cf improve
uea5s. without reference o the rest,e p.udl il' C.
ness %. particular lo.tlons-
40 instance can b. s1gli ~ The hls'orl e; states.
ancient "a Modern. Wlcre a tTov eminent cSpend.
,rre hiss welded such uch returns znt p.n1lcc,.
sa.h tr!uuig hart results BY tie clAshtened use
OF ITS means s,d credit the STATE has opened gl
tain O. r.velae winch nay be deemed mexasasi!
no. Our present system Il haa1se predict iei
apcn iLe pfyuuci vcness o. she csnsis, coulenla
The Pss melt ~ 'he enure debt o' the STATE ~.
dlng tsc cot q The cansa themselves. within o
penod oiless tal twenty ycafs. bu-u'- ".t '-A- G
PcrcG n,unlfs-eEi ccuirhurcn j. % be tnhcc h.h4
tte canals yearly 20 tie General IrsasuT. ol ne
exdlnAry expenses o. Government Aner p, "a.
1Hese ample sppropu atous snlountIug 10 sl,o',uot
Per stDum, 10 provide sr the debts ard warts q
nc treasury, there VIII remain nearly MILLION d
oAAFs per aaium set apart by the COnsfltutlOD ior
me eompsetoa q the unfinished portion q the Pub
&c worSs- Tie surplus RI the last fiscal wear. ap-
p1cate - the latter ccf lufs 10 500 lg2 =
J. We estimate TINE with PruPeF reference - tie
Snrsssen q States. the period distant when
al these things VII Re accomplished: when cur
laTgs sssss debt ALARMING q IN PrvpogrCss haze