The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-11-29


has been said that any further payments in this fiscal
year chaJeesble upon the surplus must. made at ALL
be made frcm he ioosrg which are tbs only unsppro
priattd securities 81 funds In band. viz
Amount Of Bank Fund Stock belonging to
Fund for plet,on of canals. Sl37,372 o.
Balance Of Canal Revenue Certificates unex-
peBQed, say 4eutVV W
s5s7 s72 o.
that $l2o 600 OF the surplus OF the year has
already anticl and spent IL this be restored
from Tie sie the fund stock al par. it would
leave ony Sl7 3Tl C2 the Legislature should direct
the the 81 500 0o0 canal certificates
10 h. ,sio fro m The s4 600 the sount at per cent
for 1852 and 1855, would be $3.50 coo.
In assuming thai the surplus for the year will be
than the Of the last year say $500 600 it is
Of lie thai the from tolls will be less
than the support of the canals will be
than for the year While the expenses not
likely to be materially changed unforeseen may
very much iDcrease or diminish the revenue The re-
ceips in October for The last four years a. follows
1910 S6 533 1s5l............ 537 800
1850. ......... 5t5 liz 1852 ............ $40 33l
Thus the decrease October Of S27 5es IL 1t no. to
be msde up in the resdue Of the year takes much
frm the eetimateo tulpius Of S3ooot0
In May last procured from the Engineers Of each d.
visc estimates tie Of work remaining to
done the rst Of June all the old contracts the
completion of toe Ere Canal Enlargement. and the Gene
Valley and slack River Canals and also estimates Of
the OF TO be done each contract in each
month to LIST January next Assuming that work since
the let June has bern peIform eqne the of
the estimates feurned amount TemspiDg to be done
the lst November the existing contracts is fol-
On the Enlargement, viz -
Eastern DlvisioR. .................. Sl93 10
nidoe DIVISION ................ Z9s6sl 49,.
senetee valley anal lVOaI3
Bisck River Csnsl ...........,............. E,l5o
Total. ssae5is
Probably this il =, least 500 OF small q
TO be ftgsroed rs Only alton TO the condition
OF the existing contracts borcipg only general
idea Of the woik T, msnirg to be done upon them
In letter which 1 addressed 70 the Csnsl Commits
sioBers TIE 20 ~ June lat nunicapg them
the condition 81 TIE mesbs applicable to the york under
contract aud Why no more than 90 per cent co aid be
rsc the estima the folo~iog paragraphs occur;
Its prop,r 10 ssJ that beyond the surplus Of the
current fscsl year whether IL shall be $500 600
$4,000, no other further be anticipated
from the plus before 1t juno 1853 the
receipts 10 that cate from the seth September the
cose OF the present. fiscal will probably Gas they
the lat Ne than sufficient to the
ordinary expenses q Canals and the contributions 10
the Treasury and the Csnsl Sinking Fund.
When IL H. that the aggregate payments es mated
TO become due contracts and for engineering not In
Guiding mitcl mens land and other dsnsxe
Hom JuDe to January both inc usive $3.50 900
(Stt0dt0) ana that the only means to meet them
the surplus 81 th- current year estimated At the oct
dUotion Of toy cent upon The estimated wants will
Lot be sofcert TO keep the expenditures within the
Eears even 10 tbe close II the cal unless there
tns be- large increase in the tolls for the msninx
Lime weeks q the ytsr And Il IL than likely that
more eid estimate " expenditures than has yet been
pssioe witch tbsl embrace engineering land damages,
-. Nm sh.s ths c.ssity Of gcon upon the esti
4uhles much below ATTY Ter cent
~ u'eo'ng u IL apparent that the unex pec.ed
Is, CULTIVATION OF the means, present and
70 ouve Sh r'bd'r it la pefa lively necessary for the
bal Com ni1sou'rs under proyision for fhst mar
IN be ODD iaeis 70 tuspepd for the presens work
p loecs.S " snlen the security or necessities Of
~ proper 20 tnst he notice given IN the Cana.
umlsnoper that OF more than hfry cent or this
81 instta would De pad hiss been sotsd upon -
The mon'bly sslimstes, and the amounts paid uno,
tla N, are a. follovs;-- NP''