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

written, sensible paper. It's leading statements
are as follows:
The debt of the General Fund at the close of the
fiscal year, Sept. 80, 1855, was S6,692,654 81;
and the actual deficiency in the revenue of that
fund was S537 ,563 90. The appropriation of Canal
revenues to the amount of $500, 900 did not help;
for their continued deficiencies have prevented any
aid from that quarter.
The capital of the School Fund was S2,457,-
52O &C. being an increase of 32, ,3O5 50 during the
wear. Its revenue was SAB, l27 73 The capital
of the United States Deposit Fund was 81, $40;
its revenue S245, 49, Literature Fund, $26S, ,620;
revenue, SIC, ,S3l. The Sinking Funds for the re-
demptiOn of the debts created by the loan of the
credit of the State to various Railroad Companies,
were STAG, ,O77; contingent State debts on same
account S770O0O. The State Canals produced
81, ,639 1872; expenditures, 1899, 1922 surplus, 81
ESQ, ,O00 enough for the Canal Debt Sinking Fund
of 81, 800, OO0 and the General Fund Debt ofS350,
600; but not enough TO meet any part of the other
requirements of the Constitution for interest on the
late loans for the enlargement, and appropriations
toward a Sinking Fund for the extingushment of
the principal of such loans. In anticipation of
this deficiency, provision was made for such appro-
priations or at least portion of them out of the
tax to be collected during the current fiscal year.
The Constitution limits loans to eighteen years.
This limitation the Governor considers too small,
and creates annual charge upon the revenues
beyond the ability of the canals to meet; and ac-
cordingly he recommends constitutional amend
ynapt IIa nraisas tho cnntract svstpm for canal
repairs. The work of enlarging and completing
the canals happily progresses. The six per cent
loan of $2,25O,0 900 was taken at a premium of
1866, ,SsO In June a loan of $l,5OO,000 was
issued for the redemption of the Canal Revenue
certificates, and taken at premium of S2O4,51l
loan of 81 500 600 issued upon the credit of the
Sinking Fund, to pay S4,OOO,OOO of State stock
falling due on January !, 1856, and to meet def
ciencies in the sinking Fund, has been made at
only per cent interest, and considerable pre-
MUM realized thereon. The credit of the State is
unimpared
The Syracuse Sat.wOrks are prosperous: in
spected bushels, 5000, 900; increase, 100000
New Sat-works are in progress. The revenue of
one per cent is sufficient.
have commenced during the last fiscal year under
the General Banking Law; eight of these came OF
expiring Safety Fund banks Four banking AssO-
ciations and FIVE bankers give notice OF stopping
business. Amount Of circulating notes by banks
and bankers, $24, ,43S, ,OO1; securities therefor,
s25 500, s48, held by the Superintendent. Unre-
deemed circulating notes issued by banks incorpo-
rated by special acts, and whose charters have not
expired, 81, 900 235. Outstanding circulation OF
specially incorporated banks, whose charters eI-
pired previously to the 30th, September, S5,43l,-
$50 The Safety Fund bank matters promise fair
w. ard the Governor praises the banks as meriting
confidence They are local institutions with hard
ly an exception, cOnfning their business to their
neighbOrhOods. The Governor deprecates any
change in the basis Of currency securities, by af
fording more available class Of securities. He
suggests law restraining banks from making
loans on the hypothecation of stocks beyond rea-
sonable percentage on their captal-thus compel
ling them to resume their legitimate functions, now
departed from in the city, and afording facilities
10 the producing classes, now driven into "the
street
The amount OF school moneys apportoned is
81, ,lI0 OO0 $500 600 of which are taxes Sl65, ,0O0
United States Deposit Fund; Sl45,000, Common
School Fund; Expended for Teachers, S2,3Ol, All;
Libraries, S55, 2l6; Schoolhouses, &c, 1868, 800.
School Districts, ll,74S; Children of proper age,
l,233, ,9s7 at District Schools 900, 523; Acade-
mics, 1874; Coored, 5,243; Unincorporated,
So 3764-leaving 225, s54 not in attendance at any
place of instruction, not counting Colleges. Ii
the age of six were substituted for four, the mini
mum period, he thinks this proportion would be
greatly reduced The number of volumes in Dis
trict Libraries los, ,S70 School Houses, ii 02S
of which 1856 are framed buildings. He calls
attention to the defects OF Public School policy;
desires that every child should be educated, and
recommends an Education Board for every town
The Annual Reports he pronounces inaccurate; and
yet on these appropriations made. He recon-
mends the institution of School Fund Commission
ers; that the State Schools be entirely free; and
makes various suggestions of School reform, some
good and some doubtful.
OF the improvements in the militia system he
speaks fsvOrably, and recommends the sale OF the
City Arsenal. He favors the plan of an Agricul-
tural College He thinks that the Emigration
Commissioners will probably require Legislative
relief, and fayors immigration and the Castle
Garden depot The Harbor Commissioners are
duly praised; so too the Railroad Commissioners.
Various criminal reforms are Justly set forth and
an important change regarding the challenging of
jurors, which We lately advocated at length,
recommended