New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-01-07

Revenue Certificates 10 the amount OF 81 10000
for which small premium was reaileu- pSi
ton OF the proceeds has been erpeaaeo Ia loiH S
ipg that part of the work which had previously Oeen
put under contract exhibited IN Tue d,l ANU II
report OF TIE State Engineer and surveyor. lhe
Canal Board having first given the p1ohc aOHCe re-
CURED by la ", have received proposals ana "d1ieu
contracts COR executing the remainder OF the WOfa
at prices considerably below tne Engineers es,l-
mates. upon which the recent law was preoIeael'
and the early completion OF the hree Canals pro-
yided for by the Constitution, may now be regarded
as point definitely settled.
II IL subject Of sincere congratulston that The
measure adopted at the last session, TO expedite the
prosecution Of the unfinished works, has received
the sanction OF public opinion, expressed IN the
choice OF official agents whose views IN favor Of
the policy, and whose determination TO cooperate IN
the vigorous execution OF the law, were openly
declared. While enlightened men OF all parties
have long seen and felt the importance OF specify
perfecting our internal communications, on Wnicn
many millions have been expended, cannon De
deemed surprising that honest differences OF opaion
should have existed as 70 the precise m9ce anu
manner OF attaining the object. Fhe SPIRITED ois-
cushions of the last year appear 10 have pro1nced
settled conviction IN the public mind that the plan
adopted is the most feasible and Iudiclous that
could be devised, within the limitations eStaoHsnea
BY the financial provisions OF the COhsll.ulioa'
Happily for the public welfare, our internal improve
ments have been rescued rom the strlic OF parties
and must now TO be subjec: o. polltlca con-
Ioversy. ! consider II proud day the common
wealth, when It's leading statesmen OF oOtn pollHcdi
parties emerging from unfayorable antececents are
found concaning in support OF a wise ana Iioeldt
policy, and vieDg with each other IN spirit OF
generous emulation aud patriotic zeal Tor tue al,
vancemenl OF a work which had become 50 essential
to the public prosperity.
Nothing remains but 10 proceed with united CclH-
ellis In carving out the system which is now re-
sarted on ali hands as fixed and established. Ia our
future deliberations the subject, former pref
are to be discarded, and past divisions fVfgoueh--
Let US come together IN sprlt OF mutual con m.
dtDce and unite efforts TO guard and pro'ect the
public interests IN dlsposlDg OF the various ql6s-
lions that must from time TO time IN the pro-
gTess of this great undertaking. In this, as III the
management # all our public concerns. especially
those Of practical business character, party spirit
should be banished utterly, as the worst enemy oil
The completion Of the Canals is predicated upon
the surplus tolls SET apart for that purpose by the
Constitution. The revenue certificates authorized
by the existing law operate, IN effect as transfer
OF these surplus tolls, IN anticipation Of their re-
cept without any obligation or guarantee on the
part OF the State for the redemption OF the GER
tfcates from any other fund. 1t was evident from
the first that the success OF the plan must depend
upon the degree of confidence entertained BY
the public in the future sucency of the Canal rev.
enues.
hibited by the returns from year to year, ought to
dRsipate all apprehensons concerning the iutuIe
productreness OF the source from which the ceflh-
Gates are TO be redeemed. IL has been SHOWN ina,
the annual contributions TO the Sinking Fdnd tJeing
8 $50 geo tUntu 1855 and atterward S205oOOO per
aDnum Will discharge the entire state deb IN ABOUT
seventeen years. Nnen That result snail nave Dttl
reached, inasmuch as no Iew debt can DC charged
upon the surplus Canal revenues they will De released
and become exclusively applicable. by express con-
stitutiona requirement pay the certificates issued
for completing the Canals, unless the surplus shall
have proved sufficient 10 extlngulsh them at an
earlier day If past results furnish safe lndl cation
of the future business OF the Canal II can hardly be
doubted that the annual surplus Will discharge the
certificates in shorter period than IS required Tor
the pay meIt OF the present debt but this antcipa
ton should be disappointed, they VIII be rapidly
shaHo ftaF sha SfO
paid.
The extent Of the annual surplus must DEPEND
upon the prudent regulation OF the Canal tolls. That
important responsibility has been deyolyed upon tue
Canal Board sub ect to the control of the Lezisla
tuTe II is made their duty by the llth section OF
the act of the last session to ADJUST the rates IN
such manner as in their judgment Will produce the
greatest amount OF trade and revenue" The whole
community are concerned IN the wise and faithful
performance of this obligation II is of vital impOr
lance TO the rights OF public creditors and the sound
ness OF large portion Of our currency While good
faith and so many pervadng interests concur III de-
handing stability, there can be no good cause for
apprehending thatthe representatives OF the people
viii venture upon rash or doubtful experiments
Reductions OF toll certain articles have resulted
In an increase Of trade and revenue and the same
policy may doubtless be extended with advantage to
some az olto mai branches OF tunndge, such as cot
ton. tobacco, sc from the States IN the Southwest
But constant care ard an enlightened 6iScrimlnIna
ton VIII be Iequiredto avoid al reductions which
calculated effect the revenue unfayoraoly, uB-
I'll the obligations resting upon the Canal Incomes
shall have been satisfied. IL should be constantly
borne IN mind that inasmuch the revenues have
been pledged for the specific payment OF the debt
and the redemption of the certificates, We no longer
possess the moral or constitutional night 10 make
changes which shall impair their su1hclency TOT
these purposes.
The iuncs dey oted to school purposes are believed
10 be ia safe and healthy condition. On the Both
OF September, the capital OF these several funls
was as follows:
Common School Fund s. 3z5 tt9 %
United States Deposl, Fund 40lt32o II
Making an aggregate Of S6,6l2,s50 SIS invested IN
productive securities for the advancement of educa-
ton.
The annual report of the superintendent will pre-
sent complete view OF the operations of our Com
mon School syStemi
The number Of children taught during the year
was 726s9l the whole amount expended for teach
eIs wages, including books for school libraries, was
Sl,432,0y0. Under the present Law the State fur
nishes 81, 100000 OF the amount required annually
fer the support OF the district schools, viz $780,
eco from the income Of the School Fund, and $780,
coo required 10 be raised yearly by State tax. Ii is
estimated that the sum thus furnished from the
treasury Will be sufficient IN most cases. 10 make
the schools free for SIX months IN each year leav-
ing II for each district 10 provide by bills
for such additional period as the school may be
taught.
as compromise Of conflicting opinions, ana ap-
pears TO have been received with general favor by
The community. II has put an eud 70 the contTo
VERSES produced bV the unequal operation of the
Law OF lsi9, which had for some time aEitated the
public mind and kept the districts a slate OF fer
menialon Ii Is gratifying 10 observe the return OF
thai harmony which Is essential 10 the successful
working OF system Of popular education. In con-
sideIing any further changes that may be proposed
We should endeavor to avoid any experiment calcu-
lated 10 reproduce the divisions that have been
happily, but with somuch difficulty healed
In pursuance of a resolution Of the last AsseI by
appointed Samuel : Randall Commissioner 10
emoody in SINGLE act Common School Code for
the state. HIS report VIII De placed before YOU At
early day. and Will doubtless receive the respect
ful consideration due To recommend atoms coming
from one whose long experience and enlightened
zeal in the cause of Education are widely aud Justly
appreciated.
The ordinary appropriations IN support Of Colleges
were omitted by the two last Legislatures The
present condition Of the United States Deposit Fund
lssuch as to Justify moderate grant In aid OF the
higher institution Of learning, ana | would renew
the recommendations IN their favor contained in my
last annual message. Several new Institutions In
GLIDING the GeneSee College and the Rochester