The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-06-06

No stnrient reason founded in equity or expediency
ss be sssnea Tor tho mposisoo Of direct upon tue
"a. tho canal fsysnue iay sds
the carly 90 IL, +. va, work. ana
derive large heneRts fro Increased which IL
a. 60 the seustcs '9a
f.om INC line Of improvement.
Anoihcr plan had been recently proposed for expedtng
Inc enlargement. by anticipating the surplus
which the constitution had devoted 10 that purpose.
| ousscd In my annual message # 1851.
entertained doubt 81 the constitutional power OF
me Ies..prc 10 sutholize The issue Of certificates
tra usfer the future Tenarf for the purpose OF OBJ
tanning lie necessary advances TO complete the canals
provided such transfer Was accompanied by express
condition cxorcra'iag the state lrum any o'liga-
non or liability to return the money from other
sources in ease the revenues should prove def
cirnl. special agreement Of that kind did not
appear to me to conflict in tho slightest degree with the
prov cn 81 the constitution restricting the Great of
debt The Distinction between transfer Of the future
incomes without recourse 10 any other fund and direct
loan OF money upon pledge 81 revenue collateral
security, leaving an obligation upon the State the
event 81 deficiency was aovcrted to- and il appeared
me that tis distinction too obvious and too well
sustained ly familiar legal principles admit Of con-
trrYc5sy Hut whether the money could bc obtained
naked certificate of transfer operating ONLY upon
the constitutional r,mandcis Of revenue. without n
po-iiye obligation to refund the advance, in NJ event
seemed TO lc more doubtful question ! entertained
serious niseiyipss on that point My aprrohenscns in
regard 70 IL financial practicabty We're such that
was not iroTatt 10 assume the csponiby Of recon-
inendiuc tho measure deemed ii Of tho utmost n,-
portancc in any new effort which might be made 10 ac
4 "A.
adopted shoud be feasible and unluestonble rs TO
MAKE success absolutely certain.
Aitcr much reflection my conclusions in favor Of
amendment the constitution. comforting npon
the Legislature the necessary authority TO create loan
u seven or eight millions Of dollars, pledge Of the
surplus revenues for the early completion of the Gu
arcoment." and this alternative explicitly recon-
mended 10 the people and their representatives VI that
recommendation bad hcon adopted the necessary amend
mcnt might have been perfected before this time lt
the 90 opponents ofthe enlargement resisted the propo-
son with vehement dcnunciat ion, Many Of the friends
81 tie work on the other hand ovcctci 10 the los Of
time required Tor carrying the amendment into elect
They presented an array q conclusive facts and asgu
monts N favor Of more speedy movement and
inN concentrated The adFatages OF resortns to an
rcpacn e the surplus by sale Of revenue cor,cute.
a majority of tho Legislature became satisfied not
only that t mode wos in harmony with the constit-
lon but that the money could be obtained under il
favorable terms Yielded my assent to il after being
convince that the confidence & capitalists in The future
revenue Of the canals complete and undouhting
that they would make the necessary advances upon
transfer o tho future remainder without requiring any
osher guaranty Tor the re endorsement Of the money
Sou are familiar with nc contest which resulted in the
passage II The canal Law Of ISL II Is not my purycse
TIN, occasion review the history Of proceeding
recently enacted. Hu should feel that had failed to
fulfil Il the highest obgators II honor ana duty ii
cmt ~ t. bear e timcny The elevated patriotic
views which actuatcd the Legislature Of 1851 in the
adoption II thc measure. They passed the law from
honest conviction that il Was dcmandcd by the best in
ercsis q tic state They believed II to be in accordance
With Or oath Icy had taken to support the constitution
The law provide for the completion o. improvement,
wh.t the constitution expressly require u &c compile
tcd y secured their completion from the very means
that object Assuming that the contract must b. gov
crncd Is IL oSn terms and conditions Tho Lcrisaturc
did not conceive tat the ansfr Of particular fund 10
accrue whout recourse Ia any other could create an
obligation binding upon OTHER FUNDS rcsourccs In
ne thcs iclic,ed that the law gave eject TO the const
tuition Ill tn III, < judc9us AMI beneficial manner Such
ny own convictions ia giving my approval IL the
III. Ills. sien III tlr question vas Sustained b. ilc
oil,ons II ia aac inri II Tia land icimdIra s,,l
men ~ Greene T. BRONSON Daniel Web.ier John n
SPENCER pan y icil SEQUEL stevens Jalcz H. liam
mond Madam ~, ton George VI. Clinton ard Inany
other vve.s al thd ia,, ciingut rc1i,tatjon mo amc
opinions uere a,o,cd IL mnnv II thc soundc~t loaal
min0. who aad share in framing TIC contribution 1,
1886 :
hmonq tlc dclc.atcs who eoncn,rcj u III co,s,;,,-
tioralitr # ill., I'M, II II c,[.l II ,ii ~
7o-1a,, M5.,. 5a.o,,t f,ornTi, s,a,r tra, !. -.
Eicl,,ra Nfss.f, tiyeI, W,don ci,ar,cs - E;rita5
IN 80 1,-s,'t :, 80 -. I. :. ~ - tiaio'
800. ~ ~ =. : ~ ~ =. : '.o5NeIl
III r. (, = ~ u,,t . ,t - - I ttsi =,
No!i ~ 9''n,e ~ 1"l ~ u appears nc! were 81
II i X 49, II " '11 't''3 ~ 80 ''s in,.ep,,'ne
~, ;I - 4, ! Il, n&;., ~ .r." =" =
,,sa, n,, S;,,,,, IL, IT. III 7. ,., - =, *
~. eri-s,.t ,g,,.;,.;e rs,,s,' .nt,l, 'nstr,I
Ic vib fio,o,,r1 rgyrrco l., tlr s,,.r.oT IL IN, II
H.. i,.aii M I'LL indistsI ,.r.r, ,i,,,, IL L.e,
tYftc,, ,Lc ,fnaj5n III cptr5g, x 4 ,,c 81: na
.t,i,o,,i I, 800, ,,a XII IA ,t,,, ~
surr,l i,r lc 4 !t H. rJt. hcu il taccn'. theauy
II NM H. tI a',,b,,it, IL ,i, tritn,el IA MI tl,r
!, MA, \, - ,,,s,t,,,fi, : - i ~ -
= 4, ,. t. ,'- ~, r;..~ ~ 49, ...,.t -,
iicy ,l III, ,,,,c,I,,an. III oYs,ien i{,,
,a1, Ie, ~, rscr,cnt - ~ uaied * ~ ~
t u rsi er,tfoxe,cs ~ rs ecite tl,e .ririt az
~, II I'LL ~ IN " .r,s e. ~. No.
.ts r ~ S,,tc Ept 1e,. In, ,,cs ! rsc,f,rpcc ~
mi, NJ. .:a,. INN .ti !, II, ,hfe ent;c. j. ,n,iai r. !.
,,dr,.tarIirr ~ orr r..sgnt aosiou II !;
soi' ~, ei'l. ~ oi'ett - III
W. ;r,,',re r,,,,. MI ,i, i, IL III, l,Sc rr.,,l,,d
49, ,,s IN, -, ,,olie,, III - IL sonctl,;r,s
n ,eroir tb~m in edotipa ii 81 ana more liberal ,eWe
4, ,,t,r IA Mathematician
~, me- W., rrsi,,. "a IT, cors;arrcI in yicn or H.
,res ert ro,re &c a,irs whether any aud what action
car II, ,a,,ta - e,inar tLe csirfl,tian III IN ~
iar-.,,, /, 4 ,roroeod In III me- ti,, cr which
yoi rt oe tlat spcca, session of 10 legislature IL
.eI1 10, ,;c,. IL ,i, ) I'LL, III thc rns,ic at no
49, acno5ai ect,n M, borisn, 4 81 ,cer loan for thi.
r,,rso.n
nrt,natel 81 lie canal ialproyemr MT thc consti-
IL, io las j,rf,cd Tho rcoplc and the leqinat all
mower X ccrte erch loan cxccpt upou condition to
w M ode in Tic law mpo-iBe rect annual lax 10
nav The ino~cst ara onc-ceccnth part o. tie principal
ctbrr ~ Fccislsturc world consent to enact the
pcorle 10 r.ify law imposing unnecessary burden
mon hc tLo boiy of oar citi4cns l. to shy the least
extremely rroblCiaatcal a. original and constant