New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1862-01-08

o. dis tfiquce there On dc
lo.il % beuss, &c pic G. iii e
DE Cu.ai Furd............... "a, 90: a
~ inve.trrc- rs t,ld In uus,
by 10 Auditor. ~
farf k'.rd rtoca .........s..... 'hdfo -
Nr-y-Y,lf sta'e and email stock. lyo,ttJ W
OF real estate seCuiiiics; o,
Wac1 10, % Bark............. 2Ne3' 70 s.co.c col o.
bark Of Coming ...........''' 500 VI -
OF mi. balance. the r,im Of $iS953O 20 was no'
avahli., il being the aggregate oi t'e Ouh.' S e
po-lts il ufove,t barks, but since tie N. OF ~
fabcr rofiion Ct tbs amount has neon pei mo 80
Troaarrv md II j. efi mated that tic ~ ave 'OsS
IN domestic IN fusqepded banks will not seAc'eu
e2.0.(Cj. SinCe tie tei uinaiion OF the yea" y'"''
md r,o II close Of tie calender year the revenue
from canal tolls was 9>o,+W ~ me ekpelses -
collection ard Iep4iis about S2l',to< ~ ana l'I
ay.ilelle lalal.e in tie GoafnIy ana ilt ttNe!.'
demo IL la,k. o. the fret instant was 5"5l,4@ 80
nv he openng Of navigation the enlarged clnli
vii he compieied througou ita whole extent. Inc
circumstances OF Tire country are tuch ~ v" give 70
this fact is highest iml oraHce. 10 thofs bc.'dr'
Comm. ions aud state officers whore Ouil-e nave
connected them with IBIS work. and with ofc'ltino
flc carpie the ue0gle owe Ter thanks, aud
ta.,alic 20 TIE Canal Board AID the Auditors 90 III
Canal Department. Tie completion o! tAia Work
touli Lessen tie ncileelln2 expense IN li inlof-
t.iit Gegree The system OF contracting Tor ielrulr
f tie canals is found 10 materially decrease re
yearly expenditure, but tie structures be iite O.
federated and at the end Of 10 ineoas,d' r9e peii'l
he state Nil lie Obliged 10 make good Tie annual
depreciation ly new stluc'ulcs 30 Fargo coil
v0uid therefore rs omuCni that sreJ changC IN ~
law, Governing tie letting Of ssna' - 'in b. maoe
"a shs Il reqira ,iat 10 fgcfIOns D. let UltioW CIV
ING motive by adySrii reTcnt aud the contficlC' To-
roouiied to give am. le se,uriiy iLt ne WI '"N'
. section in az GOOD condition - he lonDl ~ IN"
further that ev ~ f,t.0n le nsFer by proper
oRcer when il j surrendered, ard any oeperm'1y'
Il al ,orced against ia- coIiiaeior.
The r.luads nave 10 isIsly diverted hrsil'sf rom
tie ,aua,-. Tire extent Of this rs mort nriLt' ln
wc.iw nd. bound freight. or tie revenue o.
So D07 sal received oGliug tie Ices laye.iin sea-
.oIi. only s.S}.72 wsIe collected rs tte dtics a
Nev-Nork aud Albany, and ~ wet hoy aga
Waterford Oh freight turro westward anc ""ilh-
ward, wii.e tie tolls az Hof'a'o and NsWoIo q"
frei'ht east ward boaut were $|fe"'-9, on A'. ~
Twelve lines more. There 0n he no qr - ID a..
tie carryii Of uerch uoi-e, which ior"s tle on.s
fof westward ffe'git. IL aAo-t eNcI iv eng s.
by tie railroads. IN "a, oeOre ,ois were remove"
flom rgillods, there wee ooJt VV ta;s 90 meic'.
disc carried on The iais. laying s'C 40 lu toll,
while III 1860 there were but ~ ,'ur - u~py.''
paving Only So O1O, or reduction al neai} 80
cent This results from 10 dr4inGion Il ihis elars
OF the carrying irait Tor he annual fe. or OF 'it
State Engil eer snd snfYeycr on i"lii"t's WEI 'ueN
that tie business Of the railroads 4ns ia'Eey D..
creased in the uansIolta iou OF Hcici @halse' ~
1851 tie tolls On mtIclauCiso -uo1 - PER cont 81
the geyenues Of the canals IL lebut vAf but .. ef
TO mike the bushes of The canals fcTend 80 ex-
clssNoy on the pIoducts 81 The forest aud vegetable
food is T. assume lie lar C.; rsks. The carriers
merchandise have an assured business even III sea-
sons Of partial crols of low prices or i'uctuaihg
markets but that Of tItrsit Whose business J.
restricted 10 t,sUoTtoiln IN single Dire non o
cOarse staples my by contingency, nrd its iIaln'
reduced below tie cot OF teIyice. bile our olnAlf
VIII always be large carriers, yea ugdGe competition
may divert their legitimate business In oesirahie
trali. 70 snch extent rs 10 Usqulhiy ibem nom
meeting their constitutional deL ande.
The largely augmented revenue OF the canals,
" He due in degree TO Increased tlnasce, Do PnI-
Cpally owing 10 The enhanced rates VI toil. Al
though much elot made 10 reduce TIE s"iif yer
the anal Board OF 1861 wey retained The schedule
Of 1860 increasing the rates on some aril'hs. Iheio
may be Ierioos when rates uniayorslIy affect tic
business Of transportation tie calais II II certain
that last year not Of these neither do be-
lieve the present year VIII be. Exp. Hence c1nen'
svely shows that reductions IN toll, although mace
avowedly 10 retain to Tie canals Tie business which
might fall ether modes oi transit, result IN loss OF
revenue. Ii il clear hat our true policy lee. not ~
the direction OF striving for employment at unrinu
neratiye prices, but N Protecting the canals ~ thei
legitimate business aud demanding proper tailrs for
their use. In wha' manner this rhall be accom-
rhfhed have endeavored 70 point ont IN former
messsges. After presenting theee facts, eau most
safely leave The important question 20 you, VINO
have 90 recently come from the PEOPLE and kao"
q cir views. o.,
PRINCIPAL is s6,50j,Gji 81. Tie annual interest
thereon is $367 81 81, Of Which Sb0o0O i charge
able by the Constitution upon The General fnnd
Debt Sinking Fund; but owing 10 tho Temporary
inability Of the Canal Fund 10 pay into tie Treas
urv from its surplus revenues, tins sum 10 the sk
iDo Fund the interest Tor four yearr prccod ing HE
hast was paid from the General IND revenue. La
year the increase in the Canal revenue was again
Sufficient 10 meet this Obligation To tie LegsLauIe
of 1901 for he first time in q quarter q "A century,
the Controller was enabled 10 show balance TO the
credit OF the General Fund and the confederate
rolicv in The nain Of the Leeisla'iue Of last Win
Ter In reea to appropriations eiabes me 10 slate
that balance OF sJ5,l5J ii, stood 70 tie credi of
hi. fund q the close Of The fiscal year ending WITH
/ September last.
he Stat. tax Of and 5.6 Of mill, levied il 1850
has been peid into tie public Treasury. Tie net
amount was $500, 5H 49, This sum iuclrces the
ordinary levy Of a. 06i 600 for school,, spd sI''l-
900 for tie Canal Fund The rem. lnder - iof he
enunOrt Of Government. The Legislature author
zed direct tax Of d. miis for lShl ~ dls, 81
I'll was Tor schools, Tor canal- for general pur-
pOscs, and mills for deirayipg The eNFea diulet
under TIC act authorizing Tie eDtodyinP ana equ
nent oil a volunteer uIltit, ana 10 piovide for The
public defence. Anticipating al Insta!linent 81 40
er cent FROM tle Federal treasury upon the adv-
ces made 10y Tie State (which has been received,
tire Controller 10 whose di'creiion the QUESTION was
LEFT 10y law caused the levy for war lu'Iotee 10 be
reduced 70 Il mills. TIC direct ,2X f1s Tie present
wear will therefore be - n,ills each dollar oil The
taxable pfOI city 81 ile STATE.
! The d. .1Cis in tie mt laws are iourd 70
lie such ~ Go throw more il0n thce-fOurtls Cf tle
burden OF taxation upon real estate. ibiu - eyi-
deitly uniust The Whole property Of the State,
persolg as well az real should be made 10 pay To
Due share Of the cost Il G0yenucn. Sc fuch is not
now the Gaze, the importance OF revision Of the
statutes relating to assessments "a manifest, aud
especially 20 at this time IN view OF the large pros
pcciive tax .lioD to be aIpouortd BY the Cen raj
Governmeut to thie Ste ieQ uiied for The * eii.es
of the war ard whicF Is laid only on real estate.