The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-01-16

Excess Of permanent revenue over perma-
nent ex pencitures. $}Io43o VI
This ttsement showf that the ordinary perma
has been than sufficient for the ordinary
expenses Of during the past year. but the
appropriation for extraordinary purposes beyond the
authorized by the Legislature Ut the last session.
have fully ABSORBED this excess
The whole statement, however, presents most
aging and gratifying fact that the RESOURCES OF the
treasury are fully adequate tain the pshted faith
Of the that the bAsncs In the treasury
At the end O. the ass. year. together Win the o.dn,y
be sufficient to set the interest the State debt then
to become due, without the necessity Of resorting to
1.-THE sbove OK xss Of revenue over expenditures Of
s5 $50 had not been absorbed by the appropriations
OF s.tr.ordisasy purposes but applied 70 the Indebted
temporary loans and added to the Of
s42 as which the reduction Of the State indebted
for the pact by the operations Of the Sinking
End the whole sum thus applied would have made
1928, 800 40
Tho Of the Treasury for the past year have
exceeded the most sapgupe expectations and the esti
mated OF revenue over exp: nditures for the
coming year. viii appear by reference to the tables
will amount to the OF $500 $50 1t is thus made
appa,ent Treasury will have the Ab ly during
the coming year, redeem the sum of $3.50 000beog
the entire cunt Of the temporary loans oustAnd
ing But TO pro this most 6esirAbe result Adj
tioBAl drafts ,houd be made upon It without the proper
provision being made by the Legislature for their pay
ment.
The prospects the coming most encouraging
The North Branch Canals work Of vast Importance and
which will doubt be source OF considerable revenue
Allegheny Portsge Railroad has been avoided which will
materially reduce the expenses OF that portion Of the
public works The ab conclu Sion would there
fore with approved and rigid system OF
N.Y. for sbch We confidently look upon the part OF the
public agents, and with prudent and economical lsgsls
on pub ic debt may be idly decreased and the
relieved from ourtben that long has pressed
them.
sound policy ard truo economy dictate the immediate
com plstiep of the North Branch lnAl-s OF vital
interest 10 the STATE and OF great i'm portnce 10 the
calculation II the Of the wealth. 0oen
IL into the great fields aad iron beds Of the North
without the rich and productive soil through
which pases when taken into with the
active in edesnt and growing business population Of
that rgion Of the State maxi 1t IS the most important
link In the chain Of our Improvements Nov nearly
peed 1t Is most desirable that suoh legislative ,tion
should be bac will secure early In the season the
upenily for business Il this who'll line that the
the State may be increased bs the receipts which will
be poured the State from this great work
IL may be urged With he force, that the compile
tion II the Allegheny Road for the avoidance Of the
plan~t, will not only greatly increase the facilities for
but will produce saving the Con.
mopweAth The expense after dant the working OF
there planes, much than nsurs te With
the interest the cost OF avoiding them. Experiences
will attest the wisdom and time " III shov the policy
Of At early day possicls completing the for
their avoidance.
tn. public eebt of the State the lat day Of oe
1858 stasd In the table, is .... $40 $685. 27q 81
The amount remaining In the Treasury,
applicable TO the cancellation Of this
debt, ss per account OF the 4th Nay,