New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-01-12

The Annual Address of Governor Gardner to the
Massachusetts, Legislature is document tolerably
lucid in its statistics but painfully verbose and
nconsequential in its reasoning. II may properly
be divided into two parts, in the first of which the
Governor COZ siders the condition Of bis party, and
in the second of which he considers the condition Of
the State. OF the latter it is enough to say that
His EIceTency has discovered that the Common
wealth is dreadfully in debt, and with astonishing
ssgscy be points out that the only way TO get free
from debt is to reduce expenditure. 1t being quite
out of the question to abOnh the office Of Governor,
10 proposition Of that kind Ia made, nor does the
Executive propose 10 reduce his own salaryj but
he cuts right and lefs into other Offices and em)u
ments with most praisewOrthy yigor Of retrench
ment and declares cit bis imperative duty to re-
fuse the sanction Of his signature TO any bill which
ccn.empstes the unnecessary expenditure Of
money" He tells the Legislature to hurry up
business, and thus save 800 900; be think. - 600
nay be saved by disseminating the printed journal Of
proceedings; he Is for the immediate extiDgBish-
ment of the Land Agent the Board OF Inspectors Of
the State Aims Houses, and the Joint Standing
Committee on Public Buildings; he advises the
suspension Of one or more Of the State Aims
Houses, in which "foreign p,upers" are
supported; Of the grant TO the Society, for
the Prevention Of CounterfeitiDg and 10 the
Female Education Society. His EIcellenoy is
in very saving mood. And it is quite time. In
1855 the receipts Of tAe State were ST. l66 AS and
the expenditures Sl,4ll, 23; 10 1856 the receipts
were 81 ,452 $50, and the expenditures g. $50 $50
(th,, however, is estimate) and 10 1857 the est
mated receipts are 1851 $780, and the estimated ex
penditures 81, 275, e00-shoxing painful deficit of
1924, 500. To this must be added Reform School
scrip falling due, which brings up the deficit 10
S549, 500. The unpleasant feature" Of this fnan-
cisl survey, according TO the GoyernOr, Is that
notwithstanding $500 600 of the floating debt was
funded BY the action Of the last Legislature, and
"thus passed into the permanent loan, il will
amount, at the close Of this year, to $500, 000"
Very unpleasant indeed
a large amount Of the funded debt Of the State
81 $40, C00) Will become due during the present
year. This consists of State Reform School Scrip
(Oct. a, $4,000; Eastern Railroad Bonds (July
y, 100000 Norwich and Worcester Railroad
Bonds July y, $4,000 Boston and Maine
Railroad Bonds (Aug. y, 100000, and Western
Railroad Bond, July l56 sss6,O00. The thee
corporations first named " viii doubtless pay taeir
scrip at maturity, and relieve the Commonwealth
from its Obligations IN their Sekalf-the Nsswict
- and Worcester Company being aided in 70 doins
by an Endorsement of the State upon its bonds fol
&" s4O0 600, having twenty years to run in accord
"anee with the legislation Of 1854" sinkin.
fund of 81, lG. .37 has always been relied upon Il
ME. the payment of the Western Railroad Bonds
but this las been so iIjudiciossy invested tina
only Sas5, 600 is available this year. Under ex
ist;Ig circumstances, the balance necessary 10 NEE
The psyusas OF July Is must be drawa from Ia