New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-01-04
NETWORK DAILY TRIBUNE. THURSDAY. JANUARY 4, 1855


Laws OF 1883. (ncluding interest te51 las &C. which
amount exceeds by fraction opshn, Of the net pro-
ceeds Ct the tax This diversion OF meals from the
Treasury from the proceeds Of tbs. tax left for the
ordinary support Of Government an amount nearly
equal 20 a half oil tax, viz $500, -23 36.
The estimated income from al sources for .ne pres
eni hscal year, ending Sept. 30, 1885, is sl517 5sO
This amount includes the Dsi proceeds Of tho three
eusriers Of mill tax, authorized by c1ap 65 OF the
Laws Of 1853, which will amount TO goo 900. De-
duct Ibis amount from the total estimate Of receipts,
abc tie balance of s6l so is the incO ne derived
from all other soGrcSa. This amount exceeds large
y the sum usually available from II scel ane,us
sources OF revenue. IL arises from the addition OF
s75. OOo receipts from the State Prisons, whose
earnings paid into the Treasury, under chap
ter go Of the Laws Of 1854, and are, with large
amount in addition thereto dsbursed for their sap
port There are also several other items Of the same
description where the receipts and disbursements are
NJ ary equal and as they estimated in ths table
Of receipts as well as expenditures they produce no
difference in the comparative balances
The estimated expenditures, including toe deficiency
as it existed tbs beg inning Of this fiscal year. Of s27s
054 80, amount to 81, sl2, 961 II.
/. usy be proper for me here to say tbet il is in the
power Of this department to estimate, with great
degree Of accuracy, its yece'pts, while experience
teaches that tho erendRures the control Of which s
vested solely in the Legislature, invariably excel
the estimate. II the estimates are not exceeded,
there will remain deficiency in tho revenues for the
fsca year. ending Sept. 80, 1852 1929 4O7 ~ ms
res ult il inevitable although directaK be levied and
collected authorized by law, upon the people OF
this State, tie net proceeds NJ whicn wiz
reach 5000 COO. The deficiency IN the GeneraI
Fund revenue will increase from s279 05i 81 during
the present fscal year ding Oh the 3Oth Sept lSo9
10 the sum of S2oj 4O7 H. which amount will be due
10 the various funds held in trust by the Controller
on that day. This result Is as unexpected 10 TINS De
rar,reDt "a it ia disastrous TO the treasury, ana
arises from the immense Indebtedness OF the State
Prisons which is estimated at $3.50 OO anc formed
no part Of the estimates of my predecessor Al
though this iIdehtecntss YVES MADE without antnof-
ty Of law the Controller beliGXes stll, the Prac
tice Of using the credit Of the Ste, temporarily, to
support the prisons, was in accordance with custom
II IL not sDpposed that the Stse will repudiae the
acts Of its officers arising from the ineihcency OF IT.
laws to compel proper performance OF their dat5a
whether those acs the result Of necessity, proi
gsty or dishonesty. That the debts due Tor services
rendered, or property delivered to the prisons, wi
be paid, the Controller en'ertaiDs no DOUBT,
and the amount Necessary for that purpose
accordingly ioIms a part of the estimates Tor
the Expenditures Of this fiscal year The increasing
population aud business of the state leads anni-
ally TO additional expenditure "a well a. TO new &C.
snds upon.ihe Treasury, for purposes entirely acai
In their character The Controller would respectfully
remind the Legislature that every locI Appropriation
II an additional general burden OF TAXATION anu that
through that source alone the meaps can ne secured
to re Iepish al exhausted Treasury. That the ord-
nary revenues OF the State are wholly nsuhclenl lot
its support, is beyond doubt and that tax OF one
mill upon the dollar will he necessary for the coming
year, authorized by this Legislature to enable me
Treasury to meet the demands upon It for the nsca
year endirg 3Oih September, 1856. This ststemen,
rs 10 the Of the tax to be levied and collected
for the year 1856 10 made after careful examination
and is based upon the supposition that the exPend
lures will not exceed the estimates furnished in this
report. No attempt has been mace since the adop-
ton OF the Constitution, by Regulation, to incr ase
the revenue of the General Fund, except by direct
taxation, and apart from any extraordinary demand
upon the Treasury, lke the debts OF the State Frs
on il will require in addition to the present ordinary
revenues Of that fund, at least permanent hall mil
tex for the future support of the Government.
The Controller explains mrutely the operations OF
the Constitutional appropriation of $500 900 from the
Canal Revenues for the support Of tho State Gov
ernment.
STATE OF THE TREASURY.