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

30 viewed In any other hgn, thss . public o.,am,t. d
sne ioss Of prop rt, the OF none, " asa
men' o' contractors egg ed in carrying worx,
so intesrupuon IN navgauo0 Gao, OroaxhI 70
se.ner, De "a, oosn 40 soosl evd
me avssoe nesns 10 toe treasury al tbs disposal ol
mt ksr'stnre ny 'pproprai 70 tags edeot 81
day OF October usxt, are CAT ms,ed q, folIuss:-
| amour OF premi1 us on ,OAm received . 20 Septsm
Der 90 1860 uvtsteo iva, on utere, ., i've Do o,o
AID In the asury not Gvestd 0oL wnios as pori "a
Ins neral osanoes In tue banks ars~ four -,
Est mated nieres, ca above 10 nci 1867 CO. ssS 81
Loan invested In ua-s Tor Erie Canal ca,
aarfeatp,, under cbap ls7 - the i4N
OF ltbSi Dotnhipg interest IN abo 70 dsss $4,000 %
ReA mates pr' mtums or loans OF 3! 2sO GO,
70 be msne Tor the parposes Of the on
hrgku1nt, sr, durig enc present dsch
CALHOUN. .''..'.....s............ Bil O0e W
Total. ........... .......Sl 900 40 Of
ton o sue ACT (osaP bss OF ths tsws ts6
cared applsahie 10 tts pisOoo vi the AID
exprs ion years f5sea tho passage of tuss Ia
the ether splroprstiDas n, Goa sits
toD sb'uis be esuoent 10, hat pu aud sth 'ogs
,bs cont so,s with OF tho banks hodae
y nj Cbstso "a their oeseg ~th,rS orfora no
10Th o. ApIt iess the power % III, gls'su msGs
an expiration Of thee moneys 90 the eat.rCsneor aaf
compeion az the csoas cannot he guest, Juoi so DC OF
toe con r"cls WIN bs he ho log 'ns uHes d" aos 10
stTnin the CCmns-iO0ers the Canst Fuaf Ir IT,
drawing the oop sts at pas"rs. Aoout nst m,,,n ~
do!iarsO sb premium modys may BE- sde s ,ie ~
tho a'st oi Oct bgt mex anu should become uesekrv
70 anticipate tire loans pay spis III Apri olo~og
IL bt ieved the eilkiuE fund uu1er sec l. Art T. vi
he VI condition 10 take portion Of the pre- miami
loans "a al nve'neDt ~bGn may he required 70 moas
u 0 nm uisie deman the enlarge aeat o1M
patton upd during the year. Sload any leg Napoa ne
accessory % scron piisb st object 'hs to axe
the uai ~ou d 90 o0ubI be granted
With view 10 ,atsfs the claims o. the contractors,
whoee jobr usy compietsd within the tsos year, aud
" h,co in mo-, snoss WI EN- or zoe the aiteen ner
cent ed ulde' the rsCts Of 1895 not bs
uDin porteDt 70 attention 70 tho Of psyng
thus lass II the puoa u.ors AoooSoGg to the
OF ,be contracts The deot OF the ate so0s
way, directly or tudirec NY be tOceaseo by leg sa
i've action sutbort, conn Desiloa OF this
OF elaine OCT OF ire moneys now on baud or .
ton OF aeum cuff N, TO pay those upon toe
STATE would oouCe partial and a. nPor sry ,ustoo
Of the public sOfks until other he pro-
poeed snd adopted by the LEGISLATURE to supply oedon
SITS by osher no,ss Of constitutional appropradoa
The plan row sugr-tsd is DO. without prec deus Of
much IGN sbce Toe act ct spter rSi OF the las Of
1853, mposed o upon State osy the canal foud
six hundred and twenty i've tuOusaot dotiss Tor nd
vspc's made upon appropriations to pay oLsts odiog
drafts the for work doas eau ss
The surplus OF canal sinking fuud will tho close
Of The prestn tn.ca year 81 100000
drtd Ihousasd dollars OF this surplus -&eiy
veeted 10 the psocseos OF tax TO he levied 1907 The
nvet,us ut ~ouii be refunded before the lrs. oJay,
1862 when the Owe pr cent? OF that year pasabs
1t may justy bsremsrked IN connection vita this jeot
,ha the canal fund contributes spausty to sh
fund debs sinking fupo $500 coo An0 Will, toe csad
fund was aided by taxes during ths last asosl year
$50 oCC ana vii The pre.entyear receive 'uasr aid
$500 co., 70 word Of pubic mu mur has been heard
about excessive na'treos OF tAxsion posed to
the just al the tate The people VI this slate
may 0npain OF tie Improvdept aao IN rse exp -cdl-
tUre Of the pub are they may Complain that by
face and otCep,ve representa- tori they haze bseu 10
ouoed TO approve OF mo LITIGATION Of the ~ danensl
aW Which nae iup"seo upoq tne0 ubfores en- Gud uu
tcipe,ed ana obligations bot they foe
moment have bGugsc toe TeA OF rep 4tiog tho pub
lie faith, or Of turning their backs upon tue pub 10
oiio-s.
ftbe present GDar CONDITION OF canals can be justly
stiIbUteo aoy o'ber than q dop .rtu,s
from poicy minated 10 1888, OF not permitting ANY Ia
teitsreDce WITH the carrying trade GA the osuse, sot
With cautious ard uoio oddcauoos adhered TO Tor
bDete, yens, tucb tbere oe reliance tne
teachings q expericuc and actually 1cerlsi 90 facts
In vew 81 what ,cCms 10 che Auoitor The presstog
oets"y o. throsng Into the caha appropriations 81 tue
ut the hrRet available sum uuder legislative
con toi, vuiOut ip Dspk preroot bu tteBs UPON the
public which sond BET Ject OF Jost oJuplsDt he
may he Oh ,he croft OF the sta the oo .ca
and purposes Be- sucL 10 authorize tue oxoron OF toe
lovcr by the legislature.
The Auditor mo- have eirsedy rad tban bits
biz pOstion but re hnds an spgy In prscadeat swat
sth ,he orsHnoo OF toe oice cue be needed fot tue
elaborate discu'eion shcu some OF the
w this poIt els hapcs Bat
The oby by be hs. ventused 70 suggest pisas
fer the Ia prove and mint OF tho canal
RUS, sbd hsh spd.svo-od 60 shps the means Sb en-
certain nece.srry ,oDdures may DC met aud whiJh
ust os provided i'r In come way Il In part OF the
'uty imposed upon the ucuobC ot by las.
T~s prmpens and Leading facts are presented 10 tails
report
is The certain ane putod ability OF tho cxns 70
eot ali tno CCwst tuionsi grargrs thsr
in re- pees TO ne canal debs VI lssy: std
I'd Their prescl inability. vi aoc. thu aid OF ded1.o
cy ioars utn tbe cEe0I o sinking funds 10 discharge
the oh gators growing cut o. the nss cplsges n aid
con plt ton leans.
Taken e. a whole and even $4,000 1oo Of canai debt
With Zoe rapid ounuton ~ht r,ds. mencS In 1858,
End be cor,nutd up 10 lso. socu the treasury debt will
ho'py be heuicatod can ve DO Just cause OF Garm or
hoSd provoke dsqoiet IN tho pub ic mind Ia respect 20
he tUture po icy shall be adop,ec to guard pro
tsct tee ipte.s s OF the people 81 tho ISsns
esotooal OF Individual encroeohmont Resoccruliy Sub
ni'tec, N. ). BENTON. AUDITOR.