New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-01-10

T,rrr
improvement The upper waters ofthe Hudson ooo m
In Eden expense: Of Government spprehen ~
, iG9 ~ oS 6an for purchase Of Albany Basin ss
Miscellaneous 49,
~, .s5o2,4s q
The foregoing estimate includes $4,000 for the
support of the Sing Sing and Clinton state
Prisons An early appropriation Is needed lOl
this object as the prison appropriations nave 9een
made with reference 70 the calendar year. ana tue
amount appropriated Icy the last Legislature Is
exhausted.
In addition to the above estimates, several
new appropriations are required for the current
fiscal YEAR The orders Of the last Legislature
caused a large increase in the printing expendl-
ture, and the amount appropriated Tor It's payment
was Inadequate The appropriation Tor the pres
ept fscal year being s60,0O0), is already ex
hausted. During the year there has been pad
from the ordinary printing appropriation nearly
$4,000 for engravings and illustrations. 1t Will
be necessary to appropriate $4,000 more without
DELAY, for the purpose Of paying the cost OF 'ne
Documentary History, &c. ordered at the last
session. The ordinary printing expenses nave
been considerably increased by the cost OF maps,
engrayipgs and colorings, intended to illustrate
Indian antiquities and revolutionary Incidents
The appropriation for the expense OF transport
ing books and documents TO County Treasurers,
Clerks, and to Members Of the Legislature, is ex-
hausted, and it is estimated that $3.50 81 more
will be required to convey the books ordered AZ
the last session. This large increase Of expendl-
ture is caused by the unusual number OF books
distributed by order Of the Legislature. An I'M
portant savngimight be effected if the persons en-
titled to these publications would receive them
here.
The expenses of the Western House Of Refuge
have been largely increased by the act of Feb
%. 1850, requiring all juvenile delinquentS con.
victed in the 4th, 5th, 9th, It'll and sth Judicial
Districts 10 be confined in that institution. NO
additional appropriation was made with reference
10 this increase, and it was found necessary 20
apply So 900 of the fund intended for building
purposes, to the ordinary support OF the lnstltu-
ton during the last fiscal year. In order 70 re-
store this amount to the Building Committee, and
to defray the ordinary expenses OF the establish
ment till the close Of the present fiscal year,
further appropriation OF $4,000 Is needed. rom
personal examination of the institution and its
management the Comptroller is satisfied that It's
expenditures have been regulated with great skill
and economy.
The appropriation for paying the costs OF suits
is also exhausted. This expenditure has been
much increased by the fees Of counsel employed
in the Manor suits and the State Prison cOntro.
versy further appropriation OF $4,000 Will
probably be needed for the present fiscal year
An estimate of additional appropriations re-
Ouired for the expenses of Government, during
the remainder ofthe fiscal year, is annexed hereto,
marked c. -.,
THE CANAL FUND.
1t will be seen that the canals of this State con-
tinue 10 justify the anticipations so frequently
expressed by the advocates OF q liberal system OF
pubic impr0vvrn~at-- rha gross revenue of the
canals during the last fiscal year, incuuins
est on deposits and rents of surplus water, was
g. 4s6 l72 so, being increase over the receipts
Of the preceding year OF s4S,295 6s. lSee state
ment marked ID
The amount received for canal tolls during the
last season of navigation far as yet ascertain
ed, was S3,276,903, being an increase OF Ss677
upon the tolls of $40.
1t is proper 70 state that the receipts for the
fiscal wear ending September 80, 1850, fall below
the estimate Of the Commissioners Of the Canal
Fund at the commencement OF the year, S55,s27 10.
A considerable reduction Of tolls on some lead
ing articles Of tunnage was made by the Canal
Board before the opening OF navigation. 1t IS be-
heved that these reductions produceda considera.
bic increase in the Canal trade without any dim
mutton of the aggregate revenue. An interesting
question arises how far the policy of reduction can
be carried without impairing the revenue In
considering this subject, the vast importance Of
irsuring the completion OF the enlargement OF the
Erie Canal should be kept constantly in view
As a limited proportion only of the surplus reve-
nues can be applied to this work, under the pro-
visions Of the Constitution, policy should be pur
sued which will place the revenues at the highest
! attainable point Of productiveness
Ii fOreseen at an early day that the enlarge
ment would be necessary to maintain successful
competition with rival routes, for the Western
trade. The experience Of the last year tends to
confirm this opinion. A considerable diversion OF
business has been caused already by opening new
channels of intercourse. The revenues Of the Erie
Canal will be exposed to serious diminution, by
transfer of trade 10 other routes until the cost OF
transportation shall have been materially reduced
by the completion of the enlargement Yet it is
believed that under no state Of things likely to oc
cur will the income of our entire system of Canals
fall below the receipts of the last fiscal year Dur
ing the first months of navigation, the last season.
the Canal trade was impaired by the short crop Of
ls49 in the Western States.
After deducting from the gross revenues Of the
last fiscal year. the sum OF S644, 762, for the
penses ofcollection, superintendent and repairs,
and Sl9l,2O3 81 for new locks, &c. on the Os
wego and other lateral canals, there remains a net
income of S2,650,2O6 40. Of this sum 1850 900
has been carried to the Sinking Funds and the
General Fund, in compliance with the coRstitu
tiOnel requirements, leaving $500, 206 40 apphca
bic to the appropriations made by the last Legis-
lRture for the completion OF the Genesee Valley
and Black River Canals and the Erie Canal En-.
largement
sent value Of the canals is equal to a capital Of
S44,l70, los, invested at six per cent interest The
average net income for the last five years,
s2,5ls044 81, which is equal to a capital Of SAL
967,4l4 so at six per cent interest.
The entire cost of all the canals, including the
expenditure on the Erie enlargement the Gene
see Valley, and Black River Canals, to 3Oth Sep
TENDER last was s35, lis, 237 75 as exhibited by
accompanying statements, marked E. H.
THELsTATE DEBT AND THE SINKING FUNDS.
The entire amount OF the State debt on the 3Oth
Of September, $50, was s22 $50, 500 A. exclusive
Of the contingent debt loans to railroad compa-
MES, &c) amounting TO S933O36 l6. (See state
ments marked E. ., and Z. 81
GENERAL FUND STATE DEBT.
The amount Of the General Fund State Debt on
the 30th Of September 1850, was S6,359 693 81.
The amount required to pay the annual interest
on this debt is $3.50 OIL 81.
The amount set apart from the canal revenues,