New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1863-01-07
prevent the loaning Of State funds by count,

prevent the l0aning OF state finds ny COUNTY
eustodians. He also recommends an amend
ment which shall cut OF the enormous payment
of one per cert on State taxes raised IN New
York city to tie City Chau,ber'ain, whose only
act in return is TO draw his check for the State
Treasurer. Last year This FIVE minutes work
cost tNe State $22, i29 30. This is one Of the
perouisifes that make the Office Of Chamberlain
so desirable a berth. Our receipts from auc.
ton duties ore too szfa,l the payment being
eyadod by passing foreign goods through the
baDds of brokers instead OF ouctioneers. The
Controller b.leyes that sach brokers Should pay
the same az auetioneers. The salt revenues
are insignificant, and he proposes to rare the
duty to three cents per bushel, The manufacture
for the current year is crtimated at ten
millions of bushels. He says the beneh'cnt
purpose of the State in reirsiag to cell she
sprngs-thus leaving tiem opea to free corr
petition BY manufaeturers--has been thwartca
by their falling practically under tbe control Of
a company which moDopolizes Ohe business
pays o triling revenue. and demands hiSn
prices. The Controller says the Indian an
ouities are now 30 small TO each recipient, that
it would be better for all to buy item in and
extngulsh them. In seme instances villages
tax State property which is exempted BY law;
this should be stopped. The cost OF printing
for the State is too hi;,h. In 1874 it was
only 1884, 4s IL; in 1860, $lSl,79G'7S; in /
1862, SIO2 495 Sand this might IS much
reduced by saving the money wasted II the
publication Of the official canvass, printing clips
of session laws, &c.
The Controller devotes attention to the state !
OF the currency, and deprecates the issue OF
any more irredeemable lecal.tender paper :
lie thinks it would be far better apd more
economical to levy a direct tax sufficient 10
raise forthwith one.half the expenses of The
war; OF course the State has suffered by TIE
deprecated currency. The interest on other
due early in the financial year we're
got along with easily; bat for the canal inter
est, due in July, coin was purchased at "
per cent. and that due in October ut 23!, and
for that paid On the LIST inst, at 81. Ex-
pensiye as this it, the Controller recommends
an adherence to coin payments, believing that
the additional expense, heavy as it doubtless
will be, should be endured rather than to risk
the shock to tbs public credit which
would follow departure from the
established policy. TO avoid the an
noy ance and to some extent the expense
of frequent purchases of coin, he recommends
poyment in currency 70 an amount fully equiv
alent to the true current difference between
gold and paper, as was done during the sus-
pension of 1887. He also suggests that the
banks might Justly be made to bear some Por-
ton of this burden, since they hold t"o-,hirds
of the State Stocks, suspend specie payment,
issue irredeemable paper which the State must
take for tolls and taxes, and then expect the
State TO use the same notes at an enormous
discount TO buy gold to pay the interest on
stocks in their vaults.
The document concludes with notice OF
the general taxation under State laws, and the
new conditions and circumstances growing out
of Federal and special enactments affecting the
subject. The following table, showing the
progress of valuation and taxation for Il years,
Will appropriately close this review.
Town Co and