The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-01-06

the Canals.
The following IL the amendment 10 the State con-
stituton Of 1916, adopted by both branches Of the
Legislature at the present session, the same amsnd
ment having passed the last Legislature on the l4h
and 10Th June, 1853, at the extra session.
Substitute for seoton Of article T. the following
After paying the said expenses OF collection supsrin
sed By the rt .ne second sections Of this srtio there
shall DO appropriated and set apart Ia cash fiscal year.
ont q the surplus Of the canals, sinking
and ertI suith principle within sghtssn years. OF any
loan made under this section IL the said sinking fluid
fh.i not be sufficient to redeem part the principal
~ the stipulated times Of payment TO pay part OF
the interest Of such loans Is stipulated the means to
satisfy any deficiency shall bs procured the credit
provisions shall be pad annually out Of said
into the treasury Of the State hundred thou
ssnd or to csfr.y the expenses Of govern
mept The remainder shall In eaea FISCAL year. be ap
Piled TO meet appropriations fer the enlargement and
APPLETON Of the canals mentioned in this section at
the said canals shall BE- completed In each fss year
thereafter the rem.incer shall be disposed of Ia suih
mai nei the Legislature may direct shlIl 1t
time be anticipated pledged for than year in
~ vArce The Lsgi lsture shall annually, curing the
pex four yesrs epproprats TO the enlargement u the
Ere, the Osuees, the CAyugA And s-neca canals and
SEES Valley canals and for the enlargement OF the
locks Of the Cham plain canal whsnsvsr from dilApida
ton o. decay, 1t shsll DO recesssry 70 rebuild
them, sum not exceeding two millions two HUNDRED and
ttr thousand dosrs The remain OF tho Of
the canals for the current fiscal 10 which sach a
preparation ia made shall be spilled such spprs
prston And the shall be deemed in cie0t the
Legislature shall Mt the provide for the do
hcsDcy ~ loan Tns gslAture sbsll Also barroS one
million i've hundred Thousand dollars to refund to the
holders OF TIE canal certificates issued under prov
lions OF chapter 4s6 Of the la - II tie yea 1854
sm unit received into the eisury thereon. But no 10
t-rest TO after July 1885, sLs be paid .ach
cerucates The provsiens OF ec,ion twelve 1T Is ar
to s ST . @ s
lied by this cotton No part of TIC the mails
or Of the funds borowe under this sscou shaft oe paid
or applied upon in quencs of alleged
tract made under chapter ass I the laws ysf 1884,
except TO pay for work done materials shed prio
to the frat day o. June 1852 The rates Of ton
and property trans ported the ala shall b.
duced below these for the year 1882 ~ the Canal
Board, with the concurrence Of the Legislature All
with the person who shall offer to do provide the
at he loves. prc with adequate security for thsir
form,
We presume that very few persons will attempt
to understand all the provisions Of this complicated
amendment, for the drawing Of which We think
the Legislature should vote to the lawyer who was its
author, the honor of leather medal. However, as
il is understood to authorize the Legislature to Dor
row money sufficient to complete the canals the peo-
pie will probably vote for it with nearly the same
unanmity as the Legislature have at its present
sion, where passed with only negative in the Sc
nate, and the same in the Assembly. plain man Of
common sense would, we think have drawn the pro.
posed amendment in nearly the following terms,
which would have answered every purpose desired
by those who wish the canals Completed
Article OF the constitution is hereby amended
to suthorise Legislature to borrow such may
be to complete the canals Of this Stats.
oeedng ten millions Of dollars fr the payment OF which
oans and interest thereon tho canal shall be
pledged and appropriated
The long and tedious amendment above quoted,
however, having twice passed the Legislature, at
two successive sessions agreeably to the provisions
of the constitution, is to be submitted to the
people, according to article Is of the constitution,
as follows
Any amendment or amendments to this con stitution
may BE- proposed to the Senate and Assembly and tn.
same shaD be agreed to by majority OF the members
elected TO each OF the two houses, such prop ,sed
an endment amendment. shall 10 entered on their
ais with the yeas and nays taken thereon
ferred to the legislature to he ut the next
election Of Senator'S aud shall be published for three
months previous to the time If skiog such choice aud
in the DguAture 40 nextschosen - aforesaid sach
proposed anencmeut or amend nents shall bs sgreei
by sJofty OF all the elected to house
then shall be the duty OF the Legislature submit
such proposed &me ndmeut amer dmants tn p-os
In such manner and At such time the Legislature shall
prescribe and II the people shall approve and rAty
such sDencmsns CT Amendments, By maj rity ~ The
electors qualified to vote for embss OF ths gsarrs
voting thereon, such amendment amend meats shal
become part OF the constitution.
A law viii doubtless be passed for the submission
Of the proposed amendment to the people, on
some day in this or next month; and IL approved
by the people, the present Legislature WI pass .
law authorizing the loans required.