New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-01-09

y ,f.c, ire ,rcuri left TO- ;ae o,,er app-,gia..oa
that il esIaoi be in the poser II the ,is-'gre 10
.pprxris.e 0: each rsyerGes to any spec6c purpose
an Sucunt greater thsa the Constitution ar.hOriEe.
or "a Dsbcs
1.-THE LEGISLATURE have poser under such unpsrs-
tive proys:0n 20 exceed n repaired amount 4, sn.
Their. can be no Il NJ, beyond which they ca1a0i 90
and hey msy ihe1 virtual. rgsy al the Ccoshtu-
iiona Tlovisie' for subsequent appropriation. such
cArIot % ibe case; snd the Auditor Is therefore
Gle sry OF opinion taa'. to give ihis lsv any vitality
81 oil, u nust De construed 10 authorize the sppro
triaiion 70 the 81 kin FurG % ouiy 80 mach as nav
he Necessary {" meet the requirements II the Const.
taiicn il rtlasol TO the o'rs g,ly ale daras the
las, 6sc| Year Under such view the Auditor hiss
Get apart appropriated, sDd nves;ed for ih4 bsnedt
Of such Siukrg Fund. only tie sum Of s7s,l7e O.,
loan OF g. .sc,VO0 only hs'icg oeenmsie during such
The whole smount Of leans therefore, which have
already beer ard are authorized 20 b. sde VA
der spch section il g. 600 coo. By the las, Legsls
ture Tic sym Of 22S OOO was appropriated far the
psvm.pi II web interest during this year; whether
isaf appropr iaion will be sufficient og not, VIII de-
PEND upon the time wher the Commissioners OF the
Canal Fund shall do;sr0ine to make sueh loans
l, Is rec, mmended that further appropriation
be ade Of $50 eco, much As stall be necessary
10 NEE, any deficiency in such appropriation.
A sum of s2o3, l2i n Tor the present hsc n year
must, urcer the requirement OF the Constitution,
be appropriated 10 be set spart 10 the sinking
Fund for the extingus Ut OF the principal Of the
loans, smcunti,g IN ali 20 1900, thus inside and
authorized 10 be made during the present fiscal year,
under n provisions of such section. having been
omitted D. he las Legislature.
Under ire provisions Of such third section, sfurtheI
lsn Of e. 250 coo will Ice required 10 be authorized
and mace 1urDg the next fiscal year, commencing on
the lst cav of October $50 aud q Appropriation
will her, fore, be requind f)r such las, mentioned
fiscal year Of 500 600 much thereof ss may b
Necessary fr the payment OF the interest On all the
losus then sde under such section, or aIhorhet 10
lie made during such fsc. year. and also the sun OF
Ia ,affi nd set 4pa ri mt Df
The r.veIues Of he canals for such fiscal year 10 the
Srkrg Fund for the ex,ingushmeni OF such loan,
Those losns made ard authorized TO be made, will
then amount to the sum g. $50 coo.
FOR GENERAL FUND FOR SUPPORT OF GOVERNMENT
The mex; requirement of the Constitution is that
after COM yipg with the foregoing provisions, there
shs be laid 81 nualy out of said revenues into the
Treasury 81 the State c2co coo 70 defrsy tho neces
sary expenses If governmeat An Appropriation OF
that sum should be mace therefor.
THE MANAGEMENT AID COMPLETION or rHE CANALS.
The Cousii ution then provides that ,he remainder
shAD in each fiscal year be- applied to meet sppro-
priators for tie Enlargement ard complexion OF the
Canals mentioned In such secuoo, un,ll the shd "a
nails shah be completed, anu that the Legislature
shall Annually dorirg the nett four years after the
adoption of the Constitution appropriate 10 the en-
lareemeut of the Erie, the Oswego, and the Csyuga
and Seneca Csnals snd the completion OF tho BLACK
River and Gel e,ee Valley Canals. and for the en-
lar,eDe,t of Ibe locks of the ChAmplain CAnh,
sum not exceeding a.. $50 coo. The remainder OF
tie reyeDu.s of the Canals fcr the current cal year
in which such appropriation Is male shall Dc applies
to me et sucn Appropriation, and II the same snai DC
deemed Insufficient the legislature shall provide for
such deficiency by losn
twill therefore b. necessary t. appropriate such
cum o. e. $50 coo for the eole ment and combustion
of the CaD0s. Ii is idle Ia suppose inst after dls
charging The appropriation required 10 be m ,de by
the on.htution there will lie any remainder appn-
cable such cedci.ncy for either the current or the
ensuing focal year aud therefore the en'lfe amount
Of such appropriations vii ia eech hscai Stsr DE- to
quirtd TO oe raised by loan.
SUMMARY APPROPRIATIONS.
Tie appropriations ~ made ana re pmlnended 10
be made out of the revenues OF the Vahae TOT the
prest NJ fseel year are as follows
Sxperses OF Collection, oupeitntenjeuce aus - 49,.
Regsrs Sso S oo ..
Eos General Fund Debt SoSns fgnd......... so oso o.
e., 9iss 80 ssnd 10 ,ua Principal Ic ASIA 81
To Gsn,Is ssld of support OF Govennent.' ."0o" "
s.lai 81
The sppropria IONS required and above recon
mepJ.d for lie fiscal year commencing October
1855, are 81 follows
EsrsLs,s OF Cole cton supeTlntendenee ard Re o .
Fdr Canal Debs sinking l7ooso 0.
FOr General surd Debt, sinking Fund....'' 30 CSC
For sns.. Fond T. .ui.i Principal Be 219 2sl o
To the General Fund for support Of Government o'"
:"
The revenues Of the Canals for the las, dscsl yeaI
amoubted only 10 me sum OF ~ y-o,ooO 81.
ABILITY OF THE CANALS ~ FUTURE TO TEET coz
sTITUTIosAL CHAkGGs UPON THEIR REVENUES.
sspppcstd that SUCH revenues for the ssi hsca
year caDnot be fair index OF what may be anticipated
for the future There are msny circumstances OF 4
temporary character which have operated 10 Affect
the bu,nets OF too Canals and have thrown their
ceip,s far behind those u other year, which An be
hardly anticipated ~ opera'e with the same iOfce or
10 the same extent again. UnusuhIy short crops IN
the West have leesentd the amount Of transport alton,
I A. and cd m "A
market has extended it, bghting effect upon the inter-
al trade and commerce OF the country, and seriously
aft cted the busness Ut transportation, and ~ the
same time tho UNUSUAL aid long continued drouth.
diving I'D the resources and reservoirs for supplying
the Canals with water has created unuiua dlf' nlties
and jmpe6i meuts 10 The navigation which by susng
delays uncertainty ia the time for transp son.
has driven off much ieght 10 other and riya routes
not affected thereby. Such are undoubtedly some Of
the caDses. vbeh have to great extent oocasioned
the dninu,ion Of the Ii ia scarcely posi-
be thar he same thus operate TO q similar extent
for another year. And the laSt year csanot therefore
properly &c taken az oasis upon which ~ calculate
for the foiure.
Two out Of the ORE mary seven months OF La gstson
for the current fscal year have air. sdy elapsed with
oLly trifiDg ncrease over the corresponding season
Of the last fiscal yesr Bot during such time some Of
the untow ard which operated 10 DUNN
sb the tolls for the past fiscal year, ELL continued
with tQuAl If no. Increased force, and nec
sft eted tbe revenues. But II Is confidently expected
that with tho retn Of commercial prosperity 70 the
sprr ard the increase Of business consequen. there
on and necessarily Hosirg from the free interchange
of comm between this country and the Cansdas
under the treaty for reciprocal trade, the revenues OF
tie Csnsls must increase and that there will be NJ
deficiency for the present fiscal year. Sill all such
expectations may Be disappointed and with the feet
before him that increase Of tolls, Of more than
$500 900 over the os Of the past fiscal year neces
cary iosnsbe The CsDss to meet all the changes upon
them for the current fsca year, the Auditor will NOT
particularly with the experience Of the pas, year BE-