The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-01-20
Deficiency for the current year. ....,........
Add amt Of deficiency en- the 3Oth Sept. 1855.
Show ing . deficiency IN the fund, for the year
enc ing on the SOth sept, 1855, of.........

SHOW ing deficiency IN the fund, for the year
GSHzRAL FIND DEBT SINKING YuSs.
hat % due tie treasury tom that fund
preen, csns,isu,is r. and was deemed :. that dine sum
GENTLY ample finally discharge the then existing debt
tan Is canal Other psoyisons we're msdsio
the section for increase Of the amount OF pay
to tho General Fund which result Ia at least
mce it not improbable under the amendment Of
the same instrument
The revenue this fapd is inadequate to meet ts dis
csss y uasss the b provided for By The sesion Of
the legislature or the State cease to pay the interest on
portion OF its debt.
The ,iency Of this fund to meet its obligations for
For the ssc.i year ending sosh september 1854 IS
Estimates dedeisney for the year enoing soth 80. :,
E .v;ss.t ,Sst the situation 81 this fund Is aucS no.
less it's downward tendency arrested BY legislative
tn that this deficiency must and win increase In the
ratio above prssente and must surely add increased
yesrly charge upon the General Fund.-
The general fund debt sinking fund.- instead of sinking
oirsther pay thu principal Of its debt presents the
Icus snsmaiy Of srsdus' but certainly spS~esng the
There held as capital q this fund $5o153 80 In bank
fund st. ok due ia 1853 bearipr interest Of six per cent
II the legislature SHOULD authorize the payment Of this
stock BY the Superintendent Of the Bank Department
cpstins the time it beromes due, as 1t is beneved it
be Gone with perfect saey it would reduce the debt OF
thst fund to he general iund that amount
II is proper here to that The effect Of this upon
pays Fix per cent 70 The general fund and receives that
in crest om ds lauk fund; sill it would relieve the
general iaId by the payment to it Of taat amount
GENERAL FUND STATE DEBT
The general fund State debt the 30h day Of Sep
.enbe 1854, So a5s e54 81 No increase Of this debt
The pesen debt Of that fund is co., 6S4 81 the in
crease curing during the scsi year ening on the aoth
s ssui gV yebsr M as
troer 81 ID rather cempet sale commenced by his
predecessor If The Hudson aud Grkshire Railroad in
n
Of 1870 and chapter All of the laws OF 1877 This sale
resulted IL settling the qresiin as to tia anal loss 70
the State Of sl5aoo issued in lSio for the benefit
Tnis amount Of $3.50 900 had until The present report
always appeared item in the contingent state deb
ard reported last yea 1t has imply been tAkea
from that staten. and adj cd to the General Fnnd debt
where it sgiti nately oe3ngs The interest upon
TITS debt has been paid BY the stats since 1851 and
charged to the General Fund Debt SIM ing Fund. The
Change c-es MT add any rev hsbn ty to that funo.
TIE Find seb ss7 600 s tee s. e.1 ear endor
oct.ber 1885 arises from the necessity o making tenn
poray lssns ar 'e super q s3ysrnen in an''cpa
This necessy was cres ed by the failure Of this de-
to receive the $3.50 COO st apart by the cns
taon fol the sapeers oi govesment, from the Canal Do
psr'E enr.
Tsr loen be readily paid during the month Of June
ext iron ,he proceeds Of The State tax
In ion wi this loao, it may net be egotisca
for the Ccmf oer say tuat its necessity apparent
previous TO the meeting Of the last Legsature their at
ion cseo to the subject Ia his annual report of
isss yesr, in tie lowing words, VIA
The Auditor Of the Canal Department Is unable TO pay the
@ sps from the
exiting that day of b4 ~ will be increased to Sa954o7
IL. should his be reached only he met by
loans time 70 time. the necessities OF the trea
squire Inc deficiency will he large that cam be
supplied by absorbing the entire receipts OF the various ru
funds In the hancs oil the Comptroller.
The following tables exhibit the amount Of this
vel the ipgen State debt WITT the dates at which
thsy ssyersy bee NE due
GENERAL FUND STATE pEBr.
STATE Stock
Am hiued for The Aston DEBT yer chap 302 Laws
1927 srd chap. 49, Lava Of 1882, redeemabie at pes
sure. pc. csnt 1861, 500
If laHn In ha