The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1859-01-07
MESSAGE OF THE GOVERNOR OF NEW YORK

The message of the Governor Of New York was
into the Legislature of that State on Tuesday
last.
Commencing with the faancisI aft irs of the
State, the funded debt to September 3O 1858, is
shown To be $50 93 25S H. 70 defray the interest
on this amount, the surplus revenue of the canal
aud S112 10 "a will be- required S1,700, 000 have
been drawn by the Canal Board, TO the present
time, beyond the ability of the Treasury to pay,
making above four million dollars due by the State
for the canals alone. To complete the enlargement
| of the State canals, the following amounts will be
required: Erie, 900 000 Oswego, 5000, 900, Ca,
yuga and Seneca, $500 600; and others, $500 600.
proposal is to be submitted to deepen the whole
| of the channel of the Erie Canal to the depth of
feet, and leave the portion not yet
a: width of forty five feet. Another propost ou
will be to secure six feet of water on the Erie
oswego, and Cayuga and Seneca Canals, and pro.
coed with the permanent work through Cayuga
Marsh daring the coming wiuter-the cost of
which is estimated ut $500, ,000-and then to pro
vide for the inal completion of the canals by the
| spring ofls60. He deems it vastly important that
the canals shall be speedily completed, in view of
| the small amount required for that purpose, in
comparison with the millions already expended
He regards the Erie Canal as Incompatible with
any other means OF transportation through the
State, especially when steam shall be successfully
applied ill its navigation.
| The receipts. on account of the General Fund,
curing the past year, exceeded the payments By
S3g3, PAL 81 The deficiency ia the revenue for the
previous year Ss4 702 SO, leaving in the Trea.
| sury An apparent balance of $30S 539 IS; but in
consequence OF large proportion of the appropri-
ations for 1857 remaining unpaid, on the 30th of
September there was actual deficit of S46O, 600
| Evidence Of the soundness of the Free Banking
system is afforded in the fact that the entire loss
| to bill bo.GerS, from the suspensions ia 1857,
| amounted t. luy s. ,9S9 6l, while the community
suffered to ,se 80 per cent of the amount
of bills in CT 'culat ~, the bills Of three char.
| tered banks, which failed during tie same period
Credit is given to the banks that they have 80
speedily returned to the redemption of their obi-
cations in specie payment.
The Railroad Compauies of the State possess a
capital of S74,2S9,46S 9S, divided among 3S Coms
panies. Or this amount sGs, ,19S,75S 15 have been
paid IN. S69, ,l9S, ,75S 25 IS the amount of their
funded deUts, aud their floating debts are 81 54S
SOC 60. saeiDg an outlay in their construction OF
si36,6 600 81. Fourteen Companies alone de-
clared dividends The Legislature is recommend.
ed to ascertain what remedy should be applied for
their losses.
new commission for the purchase of Sandy
Hook from New Jersey, for quarantine and the
speedy removal of the present station, isrecom-
meuded. The Governor also recommends that the
Health laws may be so revised that commerce may
be lightened of its present burdens.
School expenditures amounts to So 1872 ,94S 70:
S237 1l3 sc being for teachers, salaries, aud the
balance for Libraries, apparatus, school houses,
Foreign immigraiion is only II per cent. of what
| it was last year.
The militia is then alluded to. 1t contains 367 :,
6l3 officers and men-17 ,6l3 constituting the or
ganized portion The placing of portion of this
force active service at Staten Island under the
command of General Sandford, the expenses OF
which have been assumed and paid BY Governor
King, is then mentioned. The Legislature will
have to reimburse the amount, by a tax on Rich
mond county, or from the State Treasury.
In regard to the slavery question, the Governor
regards the opinion that should be left to the
voition OF the first hundred or thousand who ma y
happen to settle 10 a territory to decide on the
question of slavery in that territory, as a contra
veution of the settled policy of our revolutionary
statesmen. and contrary to genuine popular
sovereignty. New York never has, and never can
assent to this theory. If the people, however,
shall deliberately favor slavery extension, she
will submit, as she has always submitted, to de
cisious fairly made, however they may dsappoint
or contravene her interests.