New-York daily tribune., 1856-01-17
GOVERNORS MESSAGE.


stautions and Interests, together with sueh rsnark',
ysggestions and recommendations - seern TO me
seeesssry and appropriate for your confederation.
FINANCES.
The total amount charged upon the General r and
Revenue during the fscsl year ending the goth OF
S~pternber 1855, was sI, ,7ss 636 70. The receipts
te1elusive Of a temporary Joen TO the Treasury OF
am Oo0l were 81 52s s27 %, showing deficiency oi
t9ss soa 81 10 which add that existing at the close OF
the preyious 6scs year. t27sO54 3s and there u an
s,pal deficiency IN the revenue Of the General Fund
On the 30th Of September, 1855, OF t537,s63 90.
Through the continued deficiency of the Canal Reve-
noss the General Fund has not during the last fiscal
year received any part Of the t2oO,o 900 appropriated
y the Constitution out Of the surplus revenues OF the
Canals TO the support Of Government. The debt OF
the General Fund s the close Of the fiscal year was
a, ,692, ,654 81.
Tie capital Of the School Fund was t2,i57, $50 &C.
being 40 increase Of t3e 30s 20 during the year itS
revenue amounted 70 sl83 ~ 70. The capital OF The
United States Deposit Fund was sf,oif,5@O II, its
revenue s245,1l9 90. The capital OF the Literature
Fund was s26s 900 H. lis revenue sl6,eal 20. The
smount Of the School and Gospcl Fund Of the Stock
bridge Indians YVES tls,0 900.
tn. amounts Of the several Sinking Funds ON the
gob dsy Of September last for the redemption OF the
ID s created BY the loan Of the credit Of the State to
various Railroad Companies, are as follows Auburn
and Rochester Railroad s9l ,769 ~; The Tonswands
Railroad e33CJs 81; The Long lslSud Railroad,
sle 2O9 %; and the TiOga Coal ironmnlng ana
Manufacturing Company sl,460 Gin all sl4S,-
G?7 10. -
The contingent debts Of the STATE on account Of the
several Railroad Companies are a. follows: ,.,
A,burn and 900 ScheHeotty and Troy OoN
Auburn ard syraeu'e. 2oo@lIio Cosl, Gc''.. 7c"o
T%.Ts.Ss. .s.as iSSSS ,SoSS $4,000
From the report Of the Controller, Which wi. soon
b. laid before you, you will not only gather specc de-
tails concerning the uancc- Of the State, but also val
pshe suggestions in relation 10 their administration.
CANALS.
The receipts of the State Canals from tOs rent OF
urpus waters aud interest current canal revenues
during the past fisca year. amounted to s2,G39'92 H.
aud the aggregate expenditure for collection, snpe-
tendence and repairs amounted TO the sum Of $3.50
7e2 l2 leaving surplus Of 81 $50 OOO-euiic-
en to meet the requsons Of the Constitution for the
Canal Debt Sinking Fund of 81 100000 aud the Gene
ra Fund Debt Sinking Fund Of OO00but not suiic-
nt 10 meet any part OF the other requirements Ot the
Constitution for interest the late loans for the
hrgement aud Appropriation toward sinking fund
for the extnguibhment Of the principal oi ruch loans
In authorization Of this deficiency, provision made
Tor such appropriations at least portion Of them,
out Of the tax to be collected during the current fiscal
year deemed my duty nj the last sion OF the
Legislature, to call ts attention. by special Message,
10 the dinnished Of the Canals, and their
,nsufeicucy to meet the Constitutional charges upon
Them To the recommendations and suggestions Of
that Message have little TO add The c0uees which
at that time had led 10 largely diminished receipts in
the Canal revenues continued cooperate with iul iorte
during the greater part Of the remainder OF that fiscal
year Some Of these causes, such a. the great scarcity
OF produce in the West of temporary character
Abundant harycsts and increased productions in the
West seeking Eastern market, have already happily
influenced the receipts OF the current hsca year and
promise largely TO augment lts resources The Canal
ios for the nayigabl. of 1855 amounted 10 the
SUN Of f2 e04, 800, being about s3l 900 increase on
the amount received in 1854. For the four months
ending with the month Of November 1885, the excess
f Canal tolls over those Of the corresponding months
of 1854 was sls6O77 sO II il not probable, however,
that the Increased of the current fiscal year
viii be sufficient to meet the constitutional chnrges
upon them, increased a. they have been during the
pre,eut fiscal year by the additional appropriation Of
AGO 600 required by the Constitution to be- set apart
toward the Sinking Fund for the eItngushment of the
Canal d, bt aud for the additional lneres, OF the
loans taken under the provision Of the Constitution,
H., II q enlargement and completion of the Canals. IL
will reinan tor you 10 provide tho means to meet euca
d.fcicney. Ii may be proper to add that the embsr-
Inssmen relation to the deficiency in the revenues
f IN. C0nals doee not arise from any inability on the
.n of tse Canals to pay the debt created for Their
rous;ued,on but from the limited period allowed them
10 do 10 by the Constitution.
The Consultation limits State loans ~ eighteen years.
and has Iade appropriations out Of the revenues upon
III at basir only. This limitation is altogether too saal
and creates annual charge upon the revenues be-
yopd the ability OF the Canals 10 meet. II appears to
mo-
n.nt OF the debt, and diminution Of the annual
charges 10 with such extension would great
Nv eve the OF the Canals lessen the chargc-
and direct taxes upon the people, and enable the "a
uaa 10 do what they competent to dotakc care OF
themselves and pay all debts incurred N tneT coh-
ftrucuon.
An amendment of the Constitution TO accomplish such
N pprpose deserves your serious consideration.
There has been during the last fiscal year a diminu-
tnn of s2lsO7I os in the current expenditures for
collection, superintendent, and repairs IA compared
With the preceding year. This is improvement in
the right direction, and indicates a determination on
the part Of the dShursng officers TO consult wise
economy in the expenditure Of the public funds. The
contract system for the repairs of the Canals has
yroved 30 successful that the late Canal Board has
wisely, under the direction OF the last Legislature
directed aud provided for it, adoption upon al the
completed sections Of the enlarged and the lateral
Canals.
The work Of enlaIging and completing the Canals 10
progressing With as much rapidly as prScuo9bie IN
view Of the amount of the annual appropriations. Tho
work has been LET upon terms very advantageous 10
The State and there great cause for copgTatulaou
At the prospect OF their speedy and economical compile
ijon.
The ak per cent loan of e. 80 oo0 for enlargement
purposes issued during the last fiscal year. was taken
At a premium Of s365, $50 05. The premiums srsng
from this and the previous loans for the enlargement
have been invested, as required by law and the spnt
OF the Constitution, to accumulate for FINAL sppopl1a
ton toward the completion of the enlargement, and to
supply in part at least any deficiency that may exist
after the expenditure Of the loans provided Tor in the
hate amendment of the Constitution.
In the month Of jane loan for 81 500, 600 was is
sued kr the redemption Of the Canal Revenue Cerf-
Gates and taken at premium Of s25s.to5 Siuce the
close Of the last, and durng the present nsca year.
further enlargement loan Of 81 23o 900 has been issued
at premium Of s2o45ll 50.
loan OF ~ 200 issued upon the credit Of the
sinking Fund 10 pay $4,000 900 Of state stock falling
due the lst day Of January, 1856 and to meet deh
ciences in the Sinking Fund under srticlc OF the