New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-01-05


diurl bankers doing business in this State the rs
days of December 1881, and 1859, were ~ follows
Chartered Rank, is2|. 1889.
Banking Associations ..........,..,. % liz
Individual Bsnktn..........''.'.''' ~
Total 2H III
The bills Issued by the Banking Department to the
free banks amount TO Sl9 l590J6, being addition IA
the amount held by them the lit December 1851 Of
80 AS 052 and increase OF S79 within three
years The free banks have within the same time about
double In number.
The actual circulation OF all the Ranks as shown By
their quarterly reports, in September 1881
First December. IsJa to................ ls7o0oeS
The Superintendent ofthe Banking Department, In hb
ABDuel Report will call the attention III the Legislature
70 the fact that many OF the free banks established
merely to get bills for circulation They eyae the pro-
visions OF the laws requiring them b do business at
Designated place and circulate their through bro
kers In the commercial cities. They frequently allow
their notes 20 be dscrcded for the purpose OF buying
them ri large discounts thereby subectng the bill hold
ers TO loss. The multiplication OF Banks OF this descriD
ton Il attended with cyils, and Ia times OF
pressure in the money market, will great embar
rassmenis Further legislative restraints are necessary
the public from frauds ahd osscs Ia some In
ttanceS, bills have been obtained upon insufficient sccu-
rity by fraudulent representations.
have been furnished with tho following abstract Of
some OF the statistics Of the railroads Of the State New
York taken rcIn the returns made 10 the State Enq-
neer, for the year ending Sept ~, ie52.
Twenty seven corporations only have made returns
Three other corporations which made returns last year.
have not yet led the annual reports required by law
TheIehsve been filed in the office VI the Secretary Of
Sste articles OF nsfocinton for forty additional rail-
road corportons Several Of thee roads are known To
have been completed aud upon others large expcnii.
lures have been made The railroad corporations
by law required b hle their annual reports with the
State Engineer by tie Let Of December None OF them
have compiled with this provision, and the ste date At
wlch mnny Of them sent in, delays the State En-
gineer. and prevents him from complying with section
100 Of the General Railroad Law which requires him 10
arrange the information In tabular FORM aud TO report
10 the Legssmre on the day Of its session.
The number of miles Of roads In the rsoadsr
Ard adding the lengths of three road. not re.
ported, as given last year makes. RGN do.
Ills IL an increase in the number OF miles Ia
use the number reported last year Of. 2U do.
The total Of the n roads reported upto 10Th Sept.
ls52, IL se2, SIP 100 g.
The total expenditure on all the roads constructed and
commenced in this State probably about one hundred
millions OF dosTs
The number Of pas.engers carried in cars on twenty.
roads reported, II 7,0Cl,JOJ AID the humber Of
miles Travelled by the passengers Is 1872 sf76 The In
cresse on IL rosds, the preceding year, Wa, Of
passengers, 14e7 Oo7, and Of miles travelled 2sosoD
The number OF tuns Of freight carried over q roads re-
ported 1, 2O503Jo The Increase over the preceding
year IL Of these roads, u ~, lOl tuns . -
The number Of persons injured Ia life or limb on -
roads reported, Is 2jG Of whom were killed, l3s. Ths
increase over The preceding year on % of these roads,
IT, Of persons killed, 80 and Of persons Injured "
These railroads almost every County 10 ths
State There no rscuDus OF tSffipofy 1o'o
mot now cheap end convenient sveiues 20 market, by
means OF lakcs rivers, canals, and railroads. The re-
cent extension II the last named Improvement, VIII
mildly increase the wealth and population OF the State
The Constitution Of this State which adopted Wy
gre majority OF the popular vote eztablzhes we'll
defined and comprehensive financial system designed 10
psy of the debt created for the purposes Of internal Inn
proveucnts ard provide for the completion If
finished eansls and also 70 psy the General Fund de
Of the State and provide for the support Of It's govern
ment To prevent the recurrence ofthe eyis OF IN lett
forbds the creation o; any debt beyond one mil
lien dollars except 10 repel nysson, suppress surrcc
ton defend the State Ia war unless authorized On
direct appeal TO the pop=ar wi In the directed
by the Constitution These impmnant proyisiops hare
recently been topics Of earnest discussion 10 popular
sssembages, 10 the halls OF the Legislature, and before
the Judicial tribunals.
The finances Of the State, and the condition OF the
public works this time subjects Of great interest;
therefore deem II NY duty 20 recur 20 inc rsasSn.
which led the adoption Of the financial proyson OF
the Constitution TO give my views Of the condhon III
public works, and 10 make such recommtn1Anons
with Yegsrd them think bet caicuded 70 effect
their Completion and them the channels OF com
esce between the great and productive regions OF the
West and the markets Of the Eat The Constu.onsi
Invention caused statements 20 be prepared showing
the debts contracted for the canals amounted 70 VIZ
5I6lIe 81 aud that large additional was req zrca
10 complete them; thst the debt incurred Tor osbeI
poses was q ee5 549 -, ard that the revenues ~
State were insufficient 10 pay the expenses . ..;s.
ernmept % thsf this deh was constsnty ~ hsd See,
OF the general dets ofthe 5esfe eJo0oCt 80 ps
incurred Tor she benefit Of to New S'ss
road. .s.t 10 sertiou of he Tn
article Of the Constituson direefS "a. -. ~. &C.
expenses Of repairs, key - e.rsl w., n M ~