New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-01-05
is the ,omitee .or Pres'deat Of tue Senate. a
pomu alton is saIiv s,@pt tn aa election.

..ty II ~h Cd is ouiy eqaaed by ITS graceluln-.s.
The * I'D pie Of brevty AID eomp,ctness Of stat--
n.rt. .et bj bin ia tbs State paper. is one - be
irr,ai~d by executive writers. We trlst that its
rHsence 10 ihs Sac will b. permsoent.
Our Fnsocial condition is properly made the
Ie.oJDs tocic II the Message. The Funded Debt
# the Safe su,oun'ed, on the 80 OF - ptemser
l,st, TO $50 9l3, 25o II. In addition to tais there
is contir gent debt for stock i.saed TO certain
Raj read Comp ani.s. amounting % $4,000.
The canal r-venues for tire last fiscal year lend
ing September 30) WIRE 50, 072, 20i -. TIE ex-
Lenses e the canals for rhe saILe period were
SI.O7S.S7 81. The surplus revenues therefore
acre S993, 42o 81. II this entire SUN was appro-
pria'ed to tue paymeLt OF interest on the canal
debt. there vonld yet be deficiency Of $685.
4G6 SO II the genesal fund debt were iacuied,
there would be a greater deficiency, Of SIR
40 "a. Dfaf,s have been made during the year
BY the Canal Commissioners upon the Treasury for
| 81 $50 O33 80 beyond it, ability to pay aud It Is
estimated that these uDp.id AMI dishonored canal
drafts wouls smouht tie LIST of January just pisf
TO TIE sum of $4,000, c00-most unwelcone inteli-
gence.
To meet the claims upon the Treasury from the
Csnsls alone 10 pay drafts and debt, principal aud
inters e. the sum Of 50 655 900 Is estimated 70 be
neces.ary-t quiva'ent To State tax OF seifly two
mills ON the dollar OF the valuations Of 1857. Other
Claims on this Cnpal account swell the obligations
existing ag.inst the Safe TO over 81 100000, q
large part of which debt wa. created in disregard
Of that cor S. tutional restriction designed TO make
us " pay rs We CO." But tee Governor promptly
gives the public the weight Of bis official assurance
tina, TITS a atibg debt, thus laSiessy contracted,
viii be sckbo s,deed and pad BY the State OF
New YorA-ihat repud alton will never stain her
escutcbeon.
After Eating the cost Of completing the Canal
Enlarsements and the several plans for 50 doing,
tbe Message heartily commebds these works to the
Legislature, and echoes the public sentiment, that
no other meals Of transportation Though the
State can compete VITA the Erie Canal pirlicu-
larry wien steam shall be applied to its nayi CATION.
The sum Of $500 600 would deepen the whole Of
ITS channel To- feet, ia ,luding that through
tho Ca,usa Marshes. So important does the Coz
ernor deem the prosecution of this great work,
that he do~s DO, hesit,te to intimate that tax
should be reioited to to provide the means for it, nor
10 express his conviction that the people would
cheeTtuliy submit to IT.
The directors and managers Of charities and
beI EVIDENT Institutions in particular. and borers
through the lobby in general, ~iil hear with resrt
that the General Fund Treasury has bot an ap-
parent balaDce. It's real deficiency exceeds a hun
dre6 thousand dollars. The people will echo the
| Governors Recommendation Of retreDchment and
economy contained in the opinion which he ex.
presses, that until the Canals are completed, and
"thc present floating indebtedness is paid, it il
"ju.t and expedieLt TO coLfne appropriations to
"tbe simplest and most economical necessities Of
"Gove,DmeIt"
The excellence Of our Free Banking System will
be spprecistt from the fact stated in the Message,
that the entire loss under it to bill holders, result
ing from suspension during the severe fnancni en-
bsrr..sments Of 1857, was bat 81 $50 64 while the
commun,ty suffered to the extent of nearly fifty
Der cen, of the amount IN circulation upou the bills
of three Chartered Banks which failed during the
same period OF financial disaster
An smentmtn Mt of the Insurance Laws is recon
mended, to prevent fraud in the Investment Of the
capital stocks Of the companies.
There are eighty eight Railroad Corporations in
the State, which have expended for construction
Sl36,6e $3.50. OF these, only fourteen declared
dividends TO stockholders in 1851, which were
represented by capital stock Si3, 7l24 400; bonded
aid other debt S2i 949, Ash 70. The Governor
refers it to the Legi.iture to zee if this anniha
ton and depreciation of property can in any way
be remedled.
A thorough revision Of all the statutes relating
substitution Of oae Inspector instead Of three, to
be appointed BY the Governor and Senate, and be
removable for cause by the former. Efficiency of
command Discipline aud economy, do oil require
tn change.
The case Of those who have thus far e,csped ar.
rest snd punishment. for the arson Of the QuAran-
tine bulldogs, 10 referred to the Legislature, 10
the event Of the authorities of Richmond County
ptrsisten.ly refusing 10 DO their duty.
The Governor does net rsitquish his hope that
New Jersey will yet consent 10 lie: US acquire
suitable Quarantine ground witsn her jurisdiction,
ard recommends the appointment Of new CON-
mission of three eminent men to decide upon aud
obtain location.
The excess Of machinery and Of officials around
the Quarantine, greatly inconvenient and op.
"pressiye to commerce. isproperlj animadverted
upon aud commended 10 Legislative cure.
Our public School. are in a thriving condition.
Over So, 600 pupils attend them. Their income in
the as, year was 81, 7e2,945. Their expenditures
for teachers, books, apparatus &C., were