New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-10-05


Ada Outstanding Contracts. n,7l6,21o III
Total. go ~foV0o ."
Ieft 40 legacy BY Democratic administration 10
Tnese contracts required an expenditure Of $4,000
Der MOI tb g. o4 81 during the year $780, and
Ne only available mssn: on 6sDo i9r soe Pay%sat o.
Wayd q King ofNep York Besides the means 70 carry
the cOnirscu from lat February TO lat ooo mn m
ys.2s wa. required for iateie;i on the i.t
Of Apin................-- l4e,UO W
And for Canal repairs, to get ready for ~
navigation .---..-.-..'.------.----.-. Ie9o'' "
R.ou,red mean, l237 GA 90
On bsnd ACKNOWLEDGEMENTS. 10000 70
Deselencv s937 ga 90
o. tAat amount START Of meeting tie dtaGnds asGiDa
As Osaals for the frst tao m0Hts after LIcSFocoism
pesixue 60 las control vi tho Canals 20 the Wings
There fne opportunity for tue display Of
BsrBbuTLiog L0cc.Foco apt Canal poicJ. Tee spirits
who had ways opposed The Canss buI who mad nth.
syto been unable "a sccOpsb their designs because Of
ths spoils which been neied them by their
bTetaIen in Office, had obtained large acses.ion TO
had roted IN Of Canal expenditures
Those who had ust re,r from Office well kre that 20
cripple successors whom they hso lefs Win sesroe
saoIisr with which to pay mions) the most ready ~sy
vas 10 create dsuust In the ability OF the stse to pay
her detts
his well Known that large proportion Of our Canal
stocks held In Europe mat ~ithou, too means 90
hoed In Ens spd upon their sale, the Erie Cham
Dlain Car ud have been constructed aud that
20 were depebd. upon the source for to
OoDpleie an. Enlargement, and the Black River and
Gsnesee Valley Canals Even az this periot Of ssond
es Of money at hons, 90 964 900 OF tbs S30l 100 10
Of sock IL held on foreign account
To accomplish the obe q deer 70 the anti
Cara party carefully prepared ,tdt,mR % impose E20a
sspkaiisis pae circulated throughout GUs cogghy
end Eurcps, announcing the Wing parry, and repre-.
bspg thai the utter ruin OF stats oreoit aud repud
alton mu,t soon follow the accession OF the Wnisst1
power, and discouraeiDg eaptaiss, In the strongest
Ssrms from oaDing money 10 che 5a'eto carry on her
works ana pay the debts which the eeters up OF these
statements had contracted. This o. stsmauc game of
hlsebood Al deception ~as persisted In for the whole
Of the two yesrs the Whigs hold power
The Wbigs found about Sl2 100 CT Canal contracts
en- thor hands they came into power, requi ing
- sisted by Com missiobers Bouck, Esr B,ksr aud
hersles tn Assembly Document No oO s1932 3o4 u
vkhin ,bas year carry the work. without dollar
n the treasury with vhieh TO pay them the s3Oo,O00
On band heing insucsnt 20 pay ioteress the osbt
md put the Canals Ia order for navtgsu To these
contracts they added, In two years Del O37
yhey changed the plan Of eopstructDg p1r.
ton Of ,he ~orh contracted so ~ " make
o saving o.. OBSERVATION-DISCLOSURES VvO,VVV
Asspsi increase Of contracts In years. O57
Tho eostrscts made by ths Wsigs ~ers Dosty tor
yoIk sbsou ely necessary for The sstsy Of the Caoa
and this essl 037 10 the only actual Aatluy Incurred b.
he Canals during tAet' c1itaEogeei "a
psssy; All o,her U.ns aud isoiues wb,ch they created
70 pay for deo or contracts made by their prede
cessors Fer this purpose they borrowed large gu ns
Of mon ey and maintain cd the credit Of the State not
NhesS mons tn-ff opponents 70 destroy IL
Csnsj sebt, lat January, 1870 exclusive
Of Ellie spd Cbsmplain debt provided
for (see Assembly Document 10, 81
lSso). ACKNOWLEDGEMENTS. sl03Ol,s3y IS
ssnal de,t i5sh January. ls42, both per.
maneni and temporary. ............. l1,oej,lJ y
frereefe ........................S IS 6Sl .97 81
Novns that while tns Whlss were In power ,hey
Aer0ed tho liabilities Of h State on scsocnt Of tae
esnss only s4si OJ7 they borre~ed SS6sl 297 81 to-
pa the debts and souises Of tceir Dsmo:Uio prede
Ia .f - Nat,
SAs sdmiAht Aoo Ia all Ice branches 20 their Loco Foco
sppot spts the 29,h OF Msrsc law par esd the
Legislature not snly stopping the work. bgs imposing
Aoals,s sonusiy.
The s.oppsse Of .hs public WORKS no, osly brough,
ruin ard cisres upon thousands Of oitzsns, bat
Involved the State In the payment Of million Of
sesrs Tor The VI the works. for tho loss 81
sserss then on hand for rent of land snd qusrr,es
cad for The expense. q proceeding materials and set
hle4l, the last year the Whlss he'd power, the ex
vssses of carrying on the govefnment
weie ...-....-..-..-..--..-.. sl,c3f,oS IL
n ls46, tAs year before the adoption Of
Mo new Constitution. l,34l035 %
lperess,6 expense In years . SSO6,3sl 81
Ire entire State deb, on the l7sh January ls,.,
GA d. b provided for 81 637 us 90
ie4d see C0Strol'sIs report, page ls.. 247oeo %
Increase Of deb, In yeN........... $500. S65 90
To s9sh nsreh, 1889, there had been no state ..x
Nov was imposeo upon the p. ople from ~hch the
snti Canal aduains ration received In four yesrs In
efudipg coll, crop. ssl47l76 DC.
Tnps The lsrsy which passed the law stopping tbs
pablo words sad i@posios nx upon the people os
tess,by for paying the Stsn DEBT scfusy decreased IL
htsus year. i,,Issias ,as tax $500 =; ~
pocy upon the prosperity of the Sts,e slh bs seen
By CONF sison Of the valuations at dlnsreni periods
ID lsl5 the vslustion wss s2t9 10000
IN iSsA vhen Eria Car al apished.-... 3I2oo00O
n ls35 when Enlargement wss ordered. a3l69sl 97
h lt<2 when Whigs went out OF power. 62OsiA.26s
hIs46 ~hen New Constitution was adopted 6l6 S3647
hIeoO when lAst sssessmsnt before Law vas
altestd..... Ixl4Ss5s5
showing the highest stats q prosperity 10 have bssa
sas's wls rule, and falling CT under she rule oi the
asu Canal parry.
While he aop law wss prossssedly passed to pay the
sses Of the ssAte, Is also apparently authorized ths
sxps dhuis Of the surpss revenues upon me Canals.
issS when Surplus revenue wa reported BY the
Cemreoher TO have accumulated. the Lssiassg'e
Rssseo ms sppfop,tsisR h 10 ms public
works vent ,o0ov Wright for bis ssr s,urs, when
ene.'srd .ast ne lac upon los face wss fraud.
sse so ne' ~ act satsoIe the expenditure OF this
eprplss, sno u was accordingly vetoed be- hin,
sain In ls4t lac intro ,used Witch nropo,ea |
oherr"e tne e2sseiy 81 the Enlargement. 100 oar |
cen. ,nnsal,'sy. and % 90 on win shs Bscs Rssr
sfee STATE and whiea sosld slven M 10 hrs ns
ID more than oooooo for Canal imprSyer,sn,, "a
bcese OF Assembly refused even 90 scs upon /,
IN the Constitutional Convsp,icn Of ls.s IN. .,,s
nsn WAC had 20 long opposet tue Canal system az
desvoE' under cover Of friendship 10 the people n
lever, me eorpenon OF the WORKS nadsrssssn. Tee
Asir opposesb, srcrred, a. tsey supposed ph,snes
Or NE Canals which would In a lopf period 81 ume
lsve eonpisse6 shen allowed 70 &c expended In
Tie course which the Bapearnirg portion Of tia
Denccney had pure1ed IN thu Coaventon had rsased
1s people . an sfOt . save ,ss Canals, and 10 sAs
set The control Of the Government and Ossals
Previous 10 the Adoption Of he Constitution sAe Loco