The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-01-04
STATE AFFAIR S.
ORGANIZATION OF tHE LEGISLATURE.
THE GOVERNORS MESSAGE.
FINANCES OF THE STATE.
ANNUAL REPORT OF THE C0MPTROILER,
&C., &C.. &C.
NEW YORK LEGISLATURE.
nate.

NEW YORK LEGISLATURE.
Senate.
ALBANY, Jan. g. 1850.
The Senate called 10 order at eleven O'Clock by
neulenan, Governor Campbell who made remarks
ALLOWING this the precedent OF Lieutenant Governor
sehen
The hobbies denRely crowded.
prayer made by Rev. Mr. Parker, of Troy.
A hist OF the Senator'S then called, aud all
present except those from The Fifth Ninth districts
The oath Of Office was administered 10 those in at
tendance.
The following officers then elected by vote of q
N7.-
James rcrwinger Clerk.
James C. Clark Sergeant alarms
George H. Knapp, Assistant Sergeant at Arms
Peter Kilmer, Doorkeeper.
c. johnson and John II. France, Assistants.
The Governors message and Comptrol!ers report
presented.
THE GOVERNORS MESSAGE.
To THE SENATE AsENmY:-
hs especially incumbent upon all who arc engaged in
public affairs acknowledge their dependence upon
Author Of all Good and suppcatc favor bless
ing. Let us, therefore, in proceeding the dscharge
Of the highly responsible trusts which have been com
nked to us, invoke His divine aid that He will crown
With all the efforts that shall be made any
partment OF the government for the MATERIAL inelecua
and religious mprovenc At Of the people.
Conforming my acton 10 requirement OF wrttel
constitution, proceed TO communicate to the Lsg-a
ture the condition of the State, and recommend the
adoption OF such measures as deem expedient.
DIZZY.
The funded debt Of the state amounts
n...;,;............ 5Ja 50
IL the general fund debt and ..... 70 so7 ,6sl as
- the canal debt.
The canal debt, paying interest, s as follows
The debt referred 10 IN article Z, section Of the
stiion, being the debt adoption of ta
instrument, and 10 the payment or the principal aud
interest OF which the surplus canals
amount Of 81 coo annually devo!ed s 09S %
Q The debt contracted IN 1855, Ia pursuance
of the amendment to article I, section 3 OF
3 The debt contracted at sunday periods
Is49, To meet "casua delcts,n in
pursuance OF article I, section 10 OF the con
4 The now loan, contracted in pursuance OF
TIE vote OF the people at the election in No
vember last, TO pay the floating debt. 500 COZ 90
This of two millions five hundred thousand dollars
has been viii be applied to the payment
OF Carai Commissioners drafts .... 50 CAL SCI %
Canal Comm 'sioners' certificates issued piior
W septic mber go 1859. 1,o,.Ss 60
Awards made by Canal Appraisers prior
January l. 1869, for which drafts and
20, 1859. ......................... $685. 81
Ra aD<s Of fifteen per cent, retained after de.
ductng amount for which drais and
hAeates have been given. ............. 81 00l ca
Total. 5ss 20 10
The premium obtained tho loan, which az average
Of Is per cent for six per cent stock and which
amoun;s, in the aggregate TO hundred and twenty
nine thousand hundred and thirty -four dollars
Hfty cents will be sufficient, if applied, to pay the
Of indebtedness The two millions five hundre
thousand dollars and thus to extrgush entirely tie noa,
ing Indebtedness OF the State.
POPULAR VOTE
The popular by which this new loan author zsd
ouch show that while the people New York
prompt meet all just cations they will not
be likely again TO sanction the payment OF any debt not
authorized by the constitution and the laws matter for
whit purpose under what circumstances incurred The
OF April O. 1882 which prohibits the creation OF any
tnitr obligations in future doubtless contributed
induce people authorize the payment OF those
which existed The provisions Of that law might IN my
egihsop, properly be extended 70 aDX penalty
the creation Of any such indebtedness in future. This
would efecpaly carry out the constitutional prohibition
ana prey people Of the state from again being
phce in the dilemma of paying unauthorized debt
seemingly mourning the stain Of reputation.
The interest the Canal Commissioners drafts has
been paid 10 the fret OF july 1859 Provision should be
adc that which accrued from that date the
December the day named by the auditor for the paymen
~ the principal
RECRnTs.
The whole amount of receipts from tolls Of surplus
interest current cana revenues during the
wear ending September 80, 1859, one million eight
hundred AMI fifty thousand eight hundred and
seventy nine dollars and sixty three cents agannt
million seventy two thousand, two hundred two dol
lars and eighty eight cents the previous Tine
V@nses eight hundred and ninety thousa
eight hundred and seventyeieh dollars ami ninety six
seHts, against miion seventy eight thousand eight
hundrsd and seventy eight dollars and ninety
the previous year.