The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-01-04

Lunadc Asylum, for salaries .......,...... $500
Housa.oi Refuge western New YORK 49,. 5000
Juvenile delinquents, New York. $4,000
ospaas Se 'Ss s,a,c cs ;b:, r. losso
Oh New fofk....... l5,000
me Incorporated Orphan Asylums in this
state OBSERVATION-DISCLOSURES. 30c0J
snndry other institutions. ................ 2z5o
ihomas' Asy laaa for orphan Indian children 1000
--V,0,6U
ehc,enoy OF revenue On he 3Oh Sept, 1854 49,. 1850
Total asi5 on
The eensta receipts Eor the current year, - appears
by the foregoing estimasc arc. ~ S9A, AS
Anu lSe expenses Z,Slo,O1l
surplus on ist October, 1859. N7s, ana
as we'll a. TIE deficiency OF OF cxssbg in the
venue, and Cor canal tax, are Included in tho
revenue Is not ovsrestmatod mo regular appropria-
ions pay able during the current year. made by tho
last Legislature, and therefore certain and fxed
The means TO pay these expenses were aso provided
and are supplied ~ the permanent and fxei
TAX, which has already been levied win be collected
during the ensusg Water and spring. The Comptroller
has Estimated $4,000 Tor miscellaneous appropriations.
payable during the current year. in addition to these
Of October next OF tho above sum ii $l794l3 H.
this is the INST instance for many years that the Gene
rel Fund reyeae has been in condition pay al de-
rsnnds upon 1t and leave surplus in the treasury.
Az satisfactory IS the condlsn OF this fund now ap
past experience, that tie Legislature may essentially
ihange &c sby new appropriations Tho Comptroller
,iai!ons beyond the estimates here presented but
I. not bfs expected thattse Legislature Of 1860 with
bodies have been subjected is 70 DO hoped however,
and tia Csptroicr would earnestly recornnecnd hat
h; be made payable during the current
for any purpose lei them 5s payaSo asr ' the ars Of
vision may b. made for h.m s nd
no warrant in the consultation asying appropriations
beyond means provided II Is indirect mode Of
atng sdobt, which IS as much within the spirit Of tho
prohf6ituTy clauses Of tho contribution dono directly
Casual failures Of revenues and unlocked for contingencies
may occasionally and aby produce small de1cien-
in the general fund but valid can te urged
for Gacng such result by deliberate &C. Of tho
legislu-e Il as unnecessary as is unconstitutional
Tho estimates for II. next fiscal year, Oommono-
signed 70 cover all necessary appropriations for
the support Of the government, for interest upon
Of wSh pyaS so s
osSs; from the School essars and
Savins lie money provided By tho EeSiisuro and The
appropriations agree In amount The finance committees
should keep an accurAtc account OF all appropriations
made by the Legislature from time to time 50 as TO be
enabled preparing revenue bills fully 70 provide for
them = neglect o. TINS PLAIN duty has heretofore largely
the Treasury has aborod and which, at times has forced
Tie financial ocer Of the government to either refuse
to dischsrge the ordinary expenses Of the State.
Ia peculiarly appropriate and comparatively easy, ut
that precedent should be established such has been
indicated, to prevent future endorsements.
The Comptroller has during the past two years felt the
necessity OF this reform keeny, having al times trug
ged under the burden CT nearly million dollars deficiency
in the fund which should AT all times be ample pay the
necessary expenses Of the State that he strongly
too earnestly recommend il 10 the attention OF The
Legislature He has adopted the rule of paying all legit:-
maze demands upon the treasury az promptly as the
at his command would allow In the hope of being
able 10 discharge all outstanding liabilities before the close
Of his term, which has been substantially done.
n i-pl
every obligation and pay every appropriation upon its
presentation The responsibility of selecting from de.
lnands equally obligatory ought not 10 be devolvcd upon
the Comptroller.
From The foregoing statement OF the condition Of the
treasury it viii be observed that there balance of
money in the treasury at the close of the fiscal year Of
$3.50 2S g7 which exceeds the amount Of the previous
ea, ~ y s ~ sod Of sa 6y But
ard other trust funds will be by the statement
above, showing the balances duo from aud to the trea
sury, and no part OF II to the general fund proper.
The accounts Of all these funds accurately kept
tie Comptrollcrs ofce bot the moneys belonging to
tbem Unfortunately paid into the treasury, and de-
peiied by The Treasurer fund. The Treasurer does
lct and cannos know the state OF the respective funds
e' epgsa 70 pay from any nnsys in his possession
warrant for.
INC Comptroller is of opinion that the public interests
demand an Improvement la the management OF these
funds The General Fund, from which the expenses Of
the government paid, should be kept entirely sepa
the State. The latter pledged by the Constitution to
specific puiposcr and held in trust for those purposes
What right has the legislature or any public officer in
strctpe.s 70 mix the moneys belonging 70 funds dcvoted
70 particular and special purposes with those which are
and 10 them flndy 1t Is true that the power
70 invest the trust funds exists In the Legislature but to
say the least very liberal exercise Sf thnt powcr and
one which not strengthened by allowing interest upon
But there arc other serons objections TO this practice
TIC existence OF large sum Of money in tho treasury,
which might be drawn upon, has, Is believed, often IN
resources lcehimaiely available for their payment and
n'urc legislatures are quite e likely 70 act under like in
ea BEEN IN c % e py e ord
nary expenses OF the government from funds properly ap
pcabe TO thcm would DO found that tho proportion Of
lime Tor given period-say for ten ycars-would be
very ANAL that occasions when this could be done
we're exceptions, while the general rule wovid show
sntre absence Of means The practice Of using The trust
unds has existed for long tine, until hns become the
ettled policy Of the State We have now arrived Ut
nas s due Ss1 bem e s ,Ss
contpue, there not danger that these moneys may
the future, be diverted permanently that through fear
he Legislature may neglect to r. - the sums used, Or
through dsregArd Of the prov IONS Of the constitution
nay sec Il 70 treat the deficiencies a. debt Hoaiing'
The Legislature Of 1857 under the guise Of loans ap
,ropaied large amount OF tho School Fund to incorpo
afed academies, when was morally certain that they
oud not and probably never intended TO repay them
although ny predecessor and myself refused 70 pay
quundered YEA the example should sdmonsh US Of The
langer o. leaving public money exposed TO the tempts-
Ions which surround legislative halls. III .N'g |
me remedy ID very simple and easily adopted, by the
ssSe O hw requiring separation, h fact, Of tho &C.
erel Fund from oil other funds providing for separate
epoet q the trust un BY ths Treasurer an prohbitng
&C ue 81 ne latter for any purpose except The objects
or whico they are designed Provision should b made
% Investing these funds BY tho Comptroller and ne in
emenh nnked 70 loans TO counties and towns, IN coscs
vhcre ne atter are required 10 impose tax FOR the pay
asst q interest and principal ana 70 the Outsaadng
locks q thk etsAe. In thu manner The moneys can N
2 safeIy employed without danger Of misrepresentation
1be Comptroller would also sdvise another improve. |
,eht which he has doubt would exert saIuary eject
ycp Ne finances d the State and that Is by limiting oil
Of mentl from Tho txnoGYY for fhn L