New-York daily tribune., 1856-01-17
REPORT or TIE AUDITOR or TIE
CARAL DEPARTMENT.
sr.rE or Nfw-YoRS. CANAL DrrARTMESr, I
hLBasr, Monday, Dec. 81, 1855.

In compliance with the acquisitions OF the statute
creating the office OF Auditor Of the Cana Department,
and yesting the Auditor with the powers aud duties
Of the Controller in relation to the CanaH except his
powers and duties as Commissioner Of the Canal und,
and in accordance with the hitherto pursued
Of submitting statement OF tae operations OF the
last fscal year. and estimate Of its revenue ana
expenditure for the present together with suoh sus
Qestions, any, "a may be deemed necessary Tor the
irnproyemens and management Of the revenues, Tue
following Statement and Report are respec'fuly SUD-
United: - Il, -,
;n- IN tke CANA Fund on hand S3,J5S,0 Oh %, VIZ:
Deposited iu Bark. ...,.:.;,;... sS'2iSzS' %
Invested Securities In custody Of ,,--aeo.
Due the General Fuod. 1909 7i-s3' 5s 80 -
Reeeipts durinS 1875. 5....''''.'''.' 'IOr~ %
ro,,, ,,,........ slO7sss sas %
The payments Of the ycar. a. shown in accompany
ing tables, have been s7,547,27S 3d. Basnce - on
hard close OF fiscal HoSo'-V -
Of,bs balance there was deposited 2ss .u %
Invested Dn,1Isi: scoariiies in custody of Au-
pns fum the Treasary......... ls4Od2 7l3I9G7,o g
Document No. /, accompanying this Report, enumcr-
aes the several sources from which the above receipts
have been realized, and The purpose for which the
Seyeral payments have been made, rendering repe-
titioa Of them in this place unnecessary.
Nos. : and of the documents accompanying this
Report statements Of the receipts payments, and
condition OF the Sinking Fund provided for by Sec
of Art. Of the Constitution, and which for the sake
Of distinction, u designated as Sinking Fund No. l.
Nos. and Of such documents are staeiaents oI
Ike character relative to the Sinking Fund provided
for by Of Art. of the Constitution, desgnatcd
az Sinking Fund No. g"
From these statements it will be seen that the ba'-
ance on hand belonging to these Sinking Funds on me
Goth September last was:
Sinking tund No l'..'.'''''..'''.'ss ;S m so o
There !. deficiency in Snkins Fund No 2,lai o.
To interest slIesay secInsd to Se sSpp,lsa from
3of Art OF the Constitution, and sec OF chap.
Ss5 Of Sos- Laws Of 1855 which, when supplied, 49, -. 40
total belonging 10 both funds Of SC0%5 -
or this sum- s243 ss3 "a ia required for the payment
of stock that matured prior 10 30th September last
but which outstanding on that day, though 1t
ceased TO carry interest at its maturity. The revenue
having been Insufficient TO meet the demands OF the
Sinking Funds for the payment OF interest and redemp-
tion OF principal, there was PAID for interest upon
loans prior to Sept 80 s2ll, ,274 IL from Enlargement
Fund which is to be replaced by loan upon the credit
of the Sinking Fund, and comes from the above sum
of 2637 a. and viii leave, as the balance OF SAID
Sinking Funds, the 30th September the sum OF
s9O2 4s 20 of which there belongs to Sinking Fund No
], Sl37 49S II, and to Sinking Fund NO 2 S7ss1s ~
-$2O2, ,sTo &c.
Land damages and all claims against the Canal
Fund which accrued prior TO July l. 1876, though sd-
justed as 10 amount since, are payable from Sinking
Fund No. |; hence there should always he sum on
hand belonging 10 that fund from which payments can
be made ut any and all times large portion OF tue
lands taken for the enlargement OF the Enc and Tor
the construction Of the Genesee Valley ana blscA
River Canals in fact appropriated prior To 1916,
though the occupants not then dlspOs-e-tcu nor
the damages awarded until since that PERIOD and
awards are still TO be made TO considerable amount Tor
land appropriated prior TO that date. Special Acts
are passed at almost every session OF the Legislature
directing the appraisal of damages and adjustment OF
claims accring before July l. 1896 These iscts rem
der apparent the proprety and necessity OF iund
from which payments Of such demands can be MADE
As they adjusted.
CyyysUKs AND ExPPs sDIrUREs OF TIE FISCAL YEAH.
The revenues Of the State Canals, and the expenses
Of collection superntendence, and ordinary repairs Tor
the last fsca! year have been as follows, VIZ:
RECEIPTS
Prom tolls rent Of surplus water, and interest or .
current CANA ''' l.
For repairs on the Canals viz:
20 Superntendcnts Of Repairs. S7&SS5S & n
To Canal COMMISSIONER ...'....'. 8I'<'S a.
FOR collection of tolls viz: -
s sssr TsfSSans soi: pIiin: salary Of
pen, and miscellaneous paymeats. s9Si io93s792 l.
sr,Du. ,,venuo. 1850 600 90
At sot apart by the Constitution as skins Fund pay
redeem tho principal OF hat part Of the debt
Ofthst ps OF the debt called the General Fund debt 10000
r..., $50 ooo
The forreong statement shows deficiency in the
revenue 10 meet the demands of the Constitution for
an aDpropstion thercfrom of 5000 900 in aid of the
general fund for the support OF GoVcrumcnt. In an
fcpation of this deficiency the payments TO this iuud
have been withheld. The Increased amount OF
S4OOO 900 required by Sec. Art. OF the Constitution
TO be set apart the present fiscal year fOr the Canal
debt sinking fund, making the sum OF l,'OoOOO M
stead Of 81 100000 heretofore renders necessary
still TO withhold any payment to the generalfnnd Tor
the support of Government until the close OF the year
sha have developed whether the revenue "ln Jn''hy
such payment.
ExPKSDIrURE BY sUPERISTESDfNrs.
From the preceding statement it viii be seen that
the expenditure by Superntcndents for repairs Tor the
last fixed year amounted to the of s1sS, 's IL,
being dninuton from that of the preceding year OF
sisO6l7 o. or if the sum OF sll5oOo of special ap-
propriaon by chap. To- laws Of 1854, for bOttoning
out the crooked portions of the Erlc, Oswcgo, ana
Eayuga and Seneca Canals be- deducted from thS bal
Ince will still leave difference OF to3olI " NotHt
standing favorable reduction in the ersy expenditure
f repairs by Superinendent the Auditor entcas no doubt
that thee still pretty wide margin for Improvement IN th
respec and be confidently believes ths all ho arc selected
10 discharge the important duties OF Superintendent "oad ef
the vigilance prudence and economy tna ehsiAc
terre the msnssement OF thriving PT' ale se ~ ~
ing might stall BE- effected to meet IN par 'ho uesoa o ue
Constitution foT contribution from ihe re'euue 70 tho neral
Here De Auditor explains Of he details Of the prc,
by which Superrteudents draw money on ne Treasury n
change which he nss recently sooPei and
which appears 70 work fsyorably 70 ne reNehue.I - -
The keeping the Canals ~ contrsc so
Gar as tested proves saving the Treasury without any detr
navigation that has come 70 the snoweose o. tns
psrten As have been expected questions %
have arisen as TO whether certain ITEMS o hccus
pendure included 40 a 70 come "ih les 'i ol .n
very limited number OF questions OF t character
hsye been submitted to the Auditor ioT his opinion Ha he has
held that such questions were III ne nisl
be decided by the Commissioner IN charge % ta hSy eo1
than by his bsns csled upon 20 audit or Al o some
OF expenditure by Commissioner or Supiu oent res
,Se 70 Which The question n.sn. ans a. ~ 80 ,S hnt
,ludod the contract and therefore nY so~ So t1 . on
chsrgese 70 the contractor As yer ~ qneou oI
na has See ~ pnSon as 10 What or not in
contract reasonably be expected 10 ase Oc"eth s
tractor and but t IS anticipated t' hey h
h. M source of aIy sbe difficulty ~ all events me
saving OF expense indicated BY the contracts NSh nave
made y :oisoeS % ,b 70 sH.sS and Il il vel worthy OF
consideration whether the Office OF snFeTi"Ienaen. "ss