New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1864-01-11

ro.,, 81 "a. 800
Tie Consti.ntional sinking Fund. under section one.
s entitled TO and shoud have bal 81 apart to II the
fuil annual cont ihuion Of flSU1,0cO. commencing
on the lst Of October 1850. THIS has not been done
The Constitutional General Fund Debt Sinking
Fund under section two h entitled "a and should have
had set apart o. II the full annual contribution ~ So
go commencing tie lat day Of October. lri|
Bnt this hos not been done. The aggregate 81 thoe
deficiencies now ainotns 10 S3g'534s - beside tns
quarterly interest payable 70 tbe btirlaI Und
On the cOih OF icmbr Inst the balance Of The caun
debt Of 1886 se+2l,i@i 10 -Four millions OF THIS
debt carr, ing per oeni interest msircs jan ~
aid II f21 724 - az different periods between the Jh
Of June isGf and tie lEt OF October lsce. Three
years contribution Of si,7yo0OO year. ii nocunnlsi.
fand sufficient Ia pay The stock debt duo ~ January
Issf AID iho interest from October, leOs II tbeie be
no Dtervc Hng dClcieuceS the ncCumuailOns ol his
81 100 100 fund on The lst of October lrJ - October
ic6-. viii amount 20 3 90.
The balance II this fund I'm the treasury tho Is. Of
October last t2s27Ps7 70, subject 10 tho payment
81 the quarterly interest the whole debt, and The
endorsement Of slcJ9 90 Of stock dnsin 1904 The m
nua m.oTcff on this debt IN Sio4ss3 A.. Ia Oci0bef
1885, fle capiGl Of this fund will be- quito adequate "a
the rcimbLi cmeIl Of al Tho stock that viii mature ~
The LIST # October 1879 and IN 1855 the reimburse
mcn to tie treasury o. the q 49, 80 deferred payment,
may be commenced. gnd completed IN lst6 without In
tering with the ast rights vi the creditors holding
tie canal debt secured iy tse prorics recognized b.
the Grst section o. the seventh article.
/ Amour, OF casal iunls deposited IA banks, nval-
& Of csns nd deposited IN isnt. ma
IvsVNj
TotaI available aud unavailable. 422soao :?
The appropriations for sapeTiueEdrnc COLLECTION ami ordi
nary repaifs 81 81 canals Tor the hsc oil 1868 cod gf
have cor fgJ "
fOr c4tfloftAafy .c1Ts and improvements. t1lW ~
To,el 80 pa on0 d,
On lie LIT OF October ls0a, all the suIcrintendcnts
sections canals under contract for rcpg.fs
az aggregate cost OF ffelbo per year, an ANNA
average cost Of 'cFars Of $50 per mile These re-
Ing every item Of work TO be done ON snpcrntondent
canal section, that can by any reasonable nG iaT legal
construction be embraced within tue term ordinary 10
pairs OF completed canal, except in special CAGES
wbelo there may be specific objects VI repair excepted
ont Of these contracts.
But there il nevertheless An annual expenditure Of
mole then S3OOOQ charged TO ordinary repairs and ~
Of payments 10 repair actors. II from 1851
10 ls5l The Ouays Of money for repairs tie lateral
canals had been confined 10 The sums stipulated to be
paid 10 the approximations the amount saved 70 tie
State during The last period of six years compared With
tie first nod. would have been sL5o0,oO0.
Tic saving Of THIS sun, OF al average Of s2DtOO n
year, would have been very considerable improve
Incnt in our canal revenues. this saving the AIior
hos no DOUBT should have been the proper and .sti
mate result of the change in the plan Of making besc
lepsiIs. There is right 10 incur ly Canal C0Dms-
soner obligation beyond the specific appropriation
but the practice Is Otherwise, The system Of repairs
by contract needs legislative interrogation and riorn
As contracts expire the SECTIONS should not no c.let
but the work Of repair resumed by the Commissioners
The receipts Of toll ON tie Erie Canal fom %, Seize
nectady 20 the Lockport Offices inclusive. IN 1862
ana NJ cent Oi tnln amount
was paid on Western and Canadian products and tun
mage.
The whole amonn, Of tolls tunnags contributed By
the lateral canals with the eiire receipts IT the latter
including the Champlsin make aggregate Of 81 0i5
2fe q.
III. fiil -rnount 81 tolls foI hie season ofIaG2,
pad into le Treasury, riterdcductlng he ois
fef.uded by tho Collector S5i120l l6
Tolls received st
BubaiO CDce....s.. ........ PjV1J,Tbs %
Tonswanis Office. ................ bl,3r ~
o.wego olice. .................... +eS'eio 70