The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-01-15


lsvestco se :u,i,,es In the Gus.
tcdv ri ,be Auoftor 14b I2o O5
Due from me General Fund. l9a,vo2 II
tomi eY, 1850. TO- 400 iss 70
Total receipts and available and unavaIla
The tabrs herewith submitted show The
pa melis Tor tne year 70 have been 10 Sl6 6o5 ~
BAlaDoe on the Both of September, 1856. 2l7i,20. ~
Oi THIS basnce there was deposit In
banks he edit 0f he Tn 40
count Of he Canal Fund .............. 2asl,4iS %
In the custody Of The Auditor, securities
bvested acconni Of the nal fupd,
8aL fund stock 80. ......... ti26, 372 o.
Securities Of real estate, Walter
- s,45 72o os
Dee from she treasury l94 062 u
Total. .........".............. s2,17i,2o4 20
Investment TO redeem the principal OF tho
oans fOT the enlargement and complstson
App, opr,.,,ons Of the sscai year rear cverdraxn
% tbown IN tacle No 1, but refunded
under chap. las, Of tbe Laws Of ls6S... lca SGT So
Total balance available and unavailable and
invested. &c pie % Der 80. 1885. ... $3.50 33l 40
The xed statement No. !, gives . particular
count OF the souTces rom which the receipts drawn
sno the several ooecs and purposes 70 Which the sew
raj have been applied aad the particular funds
to hth .hs above balance belorgs
Although Tho unexpendtd balances or the aopropriA
tons for he on'a cement and oomoetion OF the csoaie
under section Of article - SOL 0s6 b3 on tho Bur
september, 1900 s,iD that sum- with toe annual appro
ps,,on OF 81 go 600, exhausted before LIST Ct
OcCbr 1ste by The drafts Of the Canal
favor Of contractors, engpeers an for land damages
ARD ay mehn for ober objects chargeaoe 70 these up
Preparations, and became pecessary Accoi ding TO the
repTe. Of the Canal Commas ioncrs the up
preparations Tor the fiscal commencing la OF
October, 1t6 should be anticipated In 10 preserve
navigation and comp etc some worss necessary {, be
brought into e the lateral canals Under cir
cnmstspces Of Imperative necessity, The ocmmsslonsrs
in he IN All "A
paid. That hiss been refunded the sppropr,s
ors made by the act chapter u.s. laws Of 1860 apd
fiscal ar ncluding the securities invested
Of the caSal tund. may be stated ~ IS, $50 38l s0 o.
til. ,n% 81 ie,soa 70 sssps 70 the fund. to, ne 70
N'cIe T. and 10 the upsppIopriaed premiums on loans,
and The RESIDUE s24s SEQ the aggregate Of
unexpn besnces Of AppropTi' ops Of former years
kEyISUHs AND KxPKsDITrkKs YEAR.
The following ,taement Of tee sctua Of the
State csDas from oil sources annual in ther nature
the expepdu during the year, and for all she
canals and Of charges caused by growing out OF them,
for ,hs expen,es Of colecon superintendent and
nary reIaTs exhibits b,hf Wow OF The a;,uel condition
OF TIE RESOURCES OF the State arising from The
Receipts. 7as l93
fayhenn.....,...... ........"......... 'oo,oo5 Az
Surplus revenues ;. 81, poz, 500 %
Amounts set spars BY article seven Of the
deem the principal Of the Safe debt VIZ
For hat pAr' OF The debt called the % Cana ma;
70, sr"i par; Of the deb, called tho '''
General Fund Debt, 81 (sayx
Of sSoV,ooo ).'................ 1o2ooo
The following comparative statement shows the diffc
renee in The fecepu and pay ments between The two
years.
Toll, received. !ea u s2.4s laa 40
he diaerepcc. in ,hs expense, sharr.blc uoon ,oe
tolls OF .he last hsea year, compared with III preceding
year and the receips ing soo 3sl rs
enables The Commissioners OF The Canal sund realize
sc0too act apart a. the Canal Debt SINKING Fund but
" rot euihcen. TO meet the whole contribution the
With d increased tolls received treasury dur
ing The year over the next preceoiuy the surplus
MUGS would il Is believed. have beer quite sufficient 70
81 nj the charge imposed by first And second
OF the 7th article OF oonsriu;oL II there had been
free spd uninterrupted OF the during the
month Of Nay Sat Although The canals we're nornnAly
opened by the Canal Comms.iontrs the 9TH OF lba
monb, 70 10 well known that Ne navigation greatly
interrupted ana mpedcd unA Rfsrly the close Of H. %
thst Ire ols ftcerved in NAY. 1859 $lb5 $50 81
ess ihan n NAY. 1855. hi. loss msy Justly be surbu
ted 70 re derargemenn OF naye alton .. nearly every
oshsr month durr the given increase Of
c45 over 1850, but the turn fully made up dor
Ing TIE rtnAnecr Of the season, By Of the faoi
Ties afforded BY other ntsns Of rNspor. bctsocn New
York snd lake Erie and the Hudson river NJ Albany
West Troy, slorg the line Of the canal
lis seen from tAs statement thai the canal revcaucs
Dave mol only TALON consceraby short OF the estimated
receipts but they have f,ed o meet all the charges up
on them for the redemption Of the geaers iund debt al
hoesh we q Mges upon men ior "eIpeoses o. cceo
considerably lcss during he past than they we're the
preceding fiscal year.
These revenues have gwen any rurpius 10 be set
apart - sinking fund. 10 pay the interest o. falls due
and txtngush the principal within ~shteca ycsrs OF any
q the leans made under secton o OF TN article for the
etlayremen, ard completion Of she Lnbilc WORKS
The 1nt three sections Of article OF hc consttu.
ton amend cd in 1854 provide sinking funds for ,be
payment Of The entire debt q the state, nom The
me. o. tbc csnAs. Those sessions arr ~ ionoss-
"s<ction !. Aner paying The exptrses Of collection,
rrophicd aud sc. spAt N each a,ca year oct Of t6e
revenues he stale cnas CONNIE ncng on the Isl dsy
II June, $40 the sum u one million aud thrce hundred
thousand dollars until tho In day o. June, 1858, and
from that tine TIE u million and seven hundred
thousand dol%ss In csch fsi year nnsinf fund 70
Inc state debt called the canal ae5; A. existed 81 the
tine nst Aforesaid a1c ueind NJ three hundred thousand
collars ten 70 Se borrowed, snel zee sams shall be
irg fund shall be sscreoly applet 10 hat purpose
sec . M,er complying with We provisions u the Hrs,
seCtcr Of this article there shall be appropriated
spar, oct 9 the surplus the STATE canals. In
each fscal car SOW MERGING TOE lrsf day o. June,
isse, We I'm inre n'hnfea Ana any tnouaend aoi-
spprorrad nid 20, apart urder The ssd first session,
pay TIC iD;ero1i and ci,uguh the ouure prpcI Of
ose million ssd ave heedrvd isons.ai dollars IN eacs
fsea yer, ss sinking fund 20 pay the Interest and
TS rec, s,, y, IN ssu s para ne ,ss ,s
the debt or iosrs q ne State credit 10
railrcsd companies which have fAiIec 10 pay The in.
s,ocss oaned 70 Incorporated companies xhsh have
hitherto raid he in,eyos, thereon Whenever aud tar
TarttcercQ becoroc thArHe on t1c tTeAsufy
gsr .fa fupd, unit the sksa be wholly paid AMI
toe PRINCIPAL and Inc, % ne sAS ast monro1ed sns
ins fure shall be ssgredy applied tho pnrposs aote
eAd and The sy cent n soy re r: zoe snc1s c the
tsld snkry iupd sts III pnet ftfc-red BY reason
q The priority rc,ogDRed y INA sry yooscn OF this
tce, The Sur 10 aefevrcd w1 1uSt,ry iacre't there
81 he tten current r,te .raL be paid 70 the Las,
tened att VI. 4 fund. a. socr ~ " can be eooe
s,tpsly win Ne Jas rShs q hs oyO5novs hosdnS said
osra ocbs-
So 3. Are, p,yirg the ssst srpu.s ~ cote-sor
rcTineDforre anc repairs 81 the csnef, ssd The
appropriated by n frsi srd setctd Scone - this
tce, hCre ths be appropriated AID 80 apart IN csch
Dscs Tcei oct q 'be surplus reyoouos o. toe csns,
sinking fupd, q sun srncssn; 10 ray The stsrest NJ
falls duo, and exI5guHA The pr,noipA within esa.eea
years sry icsn made vncer t1s sctor, and II the said
sIkins fupd snail rW ~ sufncsect 70 redeem any
part Of the princpa, the ssp~iased times Of payment
20 ray shy part a the int rtss roh soans ,tpn
Lated .to mesx~ W satisfy -rT srct dec Senry stall b.
procure IN The crcoit o. mo sad sinking fund Amer
ccmpDine With The foregoing provroos these s0ai DO
pso abnusDg out Of said revesu INTO Me DoasuTy Of
The state two hundred sand doars, 10 desrnp the
The remainder