The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-01-08

VIII tnuS appear tnat the n0aCng nablllties are
$l77 SCI Is less than when assumed the duties Of
my present station. 1t should be remarked that q
floating debt, as above stated, Is no new thing. 1t
has always existed to greater or less degree, but
has not usually been exhibited in this form. A
balance of unpaid appropriations is unavoidable, and
has not been small for many years, as at present
During the years 1852 and 1858 the following ap-
preparations and payments have been made towards
the construction Of new Improvements
For reayng Il e north track VI the ColuE bia
For the construction Of a new road TO avoid
the inclined planes on the Allegheny noun
For the complete OF the western reservoir 1850 Al
or the North Branch canal OOo, goo 90
For the locks the Delaware vision 1000 90
Total. ........................S2 143 9i6
From the foregoing figures ii is apparent that til
operations OF the treasury have exceeded our mos
sapguine expectations, yielding over a million of
dollars annually above the ordinary charges and ex
penses; and showing that If no new improvements
had been in progress, two mil IONS st least of the
pubic debt could have been paid during the last
two years. In addition to these extraordinary ex-
penditures there paid out of the treasury during
said period, IN pursuance OF laws passed prior to
1862, for the State Lunatc Asylum, $40 700 for the
publication of the Pennsylvania Archives and Colo.
NAL Records, $23, l63 81; for the improvement Of
the State penitentiaries $35 900; tor the publca.
ton Of Professor Rogers oycal Survey, sl6 900;
for the preparation Of registration books $12 49,
to the Sugar Valley and Deer Creek Turnpike Com
1t will readily be perceived, tn srefore that should
the appropriations hereafter be confined strictly ~
the ordinary expenses Of government we shall have
an annual surplus revenue exceeding one million OF
dollars, applicable TO the payment Of the funded
debt. That such should be the policy of the State,
after the completion Of the works in progress,
will not be doubted. The importance Of such eco-
nomy, In view OF the great end to be attained-the
liquidation Of the public debt and consequent relief
OF the people from taxation for State purposes too
manifest for argument. Entertaining these views,
could not give my assent to any new schemes Of i'm.
proyement by the State.
The Governor takes ground against the sale OF the
public works, and says:--For the years 1852 and
1858 the net receipts may be put down as equal to
the annual interest upon about fifteen millions Of the
public debt; and am inclined to believe that With
out any increase of trade, except on the North
estimated at sum equal to the interest seventeen
or eighteen millions Of the debt and that the COM
petiOn of the road over the mountains, relief in
some other way from the leeching demands Of that
portion Of improvements, will see the net reve-
nues from this source sweled to . sum equal to the
interest upon twentytw millions of the State bonds.
In relation to subscriptions TO railroads, the Cover
nor says:-Viewed in every aspect, az mere ques
ton Of expediency, the experiments already made
would seem to weigh heavily against the policy of
such subscriptions; indeed have no hesitation in
saying that the aversion have always entert aimed
towards this principle, and especially its extension
to counties, has been greatly strengthened by this
experience; and We should nov, it seems to me, as
prudent people, profit by this lesson, and avoid the
practice in the future.
MESSAGE OF THE GOVERNOR or OHIO
Governor Hedill transmitted bis annual message TO
the Legislature on the I'd inst. The finances Of the
State the Governor represents as follows:--
1t appears from the Auditors report that the 70.
eepts into the State Treasury for the fiscal year end
ing November Is. 1853, have been as folloWs:-