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

age o the whole sun Of little over CALICO per cent
IN shown above that Sl33O0 Of the conhi stocks PVT
Chased have been cancelled. in add non 20 tnls, w
commissioners Of TIE Canal Fund he'd go II y OF
General Fund stock, end Sb92 oil canihs " INV
LCnt. -. 90,
TIE Oswego canal and Albany besin sttocks were NJ.
cotiaed under section 10 Of article T. ana cthhot 10.
be reimbursed Of the surplus canal revenues lcV u
h. sections and Of article :, but can ~ any tmo o.
paid ont OF gay 1enaindcrs whch nay go c,1 .
received Including the payUeut OF te %~' .uO' ',nl
parav loon On tie M ol October last the cai' ueut u
been reduced BY purchase. cencclaCn ana Va! rh u.
maturity Sgl3,aOn carrying WIN IL ieuIo'" u
sJl.l4s of annual interest.
The whole amount paid for premium on coin. eLe'ud
ing the purchases 20 meet the Januar! pi!nent CO.
chargcnblc to The Carai Funda, rs S3"'4J ~. iNih'
with previous payments sanctioned ~ i'Es.t. We up
pronr,tiou makes an aggregate Of S22 053 - In eX
cess Of the appro priatons contemplated ny lie constr
tuition for tho purpose OF paying ths interest "he re-
decming the principal Of the cani STOCK ue'' u wv
The canals we're declared completed by act Of 1862
but tho Canal Commissioners and Board were enio.
cred TO make extraordinary repairs and improvements
and sniseuncrtly appropriated $4,000 10 finish the
work Of enlargement ard completion. lie snI Nu'
arccr than would ave completed tho unexcCiou CON
tracts in 1862 but the Legislature Is rcsponslhe ,
In examining the question of the caVnciiy, Oh 'n'
ENLARGED EIie Canal worked with doubie anc shgit
locks the Auditor says: " VIII assume ire ehl q
have been completed in accordance with the oigihe
MAN of coustructioiet is 10 fec; wide on the TOT
wafor line aei Jet wide on tue bottom ana seven ie'
deep. This will admi, the passage OF hostn VI ins
largest clsSs drawing siS ieei Oh Maer ara carr, w
100 bushels of wheail0 uns This class OF boats As
nor suprync the place OF those Of smalertunnase as
fest as tine ard proper regard to economy WI Ie
nit and we shall soon find that no DINER cIs't 'hn w
I'm boats viii be nsed The enlarged canals bOfS o.
less ceuacily must be used on the lateral canals -
'Ouf double locks have made 4aOOo' 42OV' 9i'u"' ~
600 81 COO * oO0 ana 1900 iockages curing scso -
nnyagaticn But assume tie maxim am III fo'V" t,'
will give 20 OU lockages each WY, and II we hh'e ~
900 down ockages of beats carrying 200 tons apiece '"
have n ockagc capacity 70 pass fWHVOoi iuns eTt
voy md an aggregate Of e.CJovu 10 wehs. III Is"@
the whole amount Of iunnnge transport on all me cnha
ascending and descending way ana through was .
This exceeds by more than GOO coo TINS, ire traffic
Of any other year since the canas went INTO operation
! Therc were In ls62 29l7O9i TINS declared IL tide
we.er from he ETc Canal this was an excess o' er any
former year Of nearly 5O0oO iuns. inc i,osafes ~
AlexaudeIs lock- three miles west OF Schenectady,
were - on being j. sss each WY. using NO bo"s
700 harden ard We find The douhe locks rave Sl
beer worked UP 10 - per cent oil ther csiaei mere
is no want Of ckage facilities on the line Of the Eric
whercver there arc double locks That y. such Nan
es would Justify the construction OF third lock aons
side Of the double locks
"A single lock in good order can receive and pass
boat ont ~ il in six minutes rake go ockege IN =
hours or 100 each way The single locks on the Erie
Canal lave not usually been PIT TO tns ies Tie great
cs- number Of OoknCcs AZ the single lock eeSi
of Rochester in any one day in 1861. was Gas ana N
lsC2 l69 The daily average Of the largest month as
100 and the daily average for the whole season OF i
, days was 10"
eorc The Convention Of 1876 the Canals had received
rom the General Fund during ~ years =, cst, ol ~
of which g. So. COZ IS repaid between 1910 and
1886 leaving balance Of advance 10 canals from tie
Fund Of s. 81 scS TO- This General Fund debt Is 10 be
paid next after the canal debt Of ls46 That sum viii
lie paid and every condition Of tie award VIII BE- per
formed ly the canals If they ere not robbed ana plum
dercd of their earnings and elected by fraud ana io'ce
from the enjoyment Of those privileges and FRANCHISES
which aHd should be theiys by goFeT'hehia pre-
'ie canals have rot Impoverished The General Fund
Thev ore now rendering service 20 shc state ~ irns
ug funds for bouscs 70 volunteers al nun Inc ihlees'
banks would have charged
DEFICIENCIES AID DEFERRED PAingNrs
The let receipts Of canal tolls for each OF the fiscal
wear, s,aied below after paying the expenses Of coec-
lion superintcndenoe and ordinary repairs. were es
follows; -
For the hscal year esdpg sept. %, 49,. 9qR5 81
For the tscsl wear ending sept. 81. l'ao.. eiwn 81
For the fiscal year ending Sept, ~, l,eo 1855 I'll
Total net receipts Of yesrs....... e5 2l3s53 Is
which is about 5s6 O6 - Css than the four years
Quircd contribution Of 81 10000 year TO the sinking
fund under section I of article T. and leaves the tols
indebted that fund In that sum. The tolls at come
rial when If ST any time before 1863 uness IT should
happen that before October 1863 there rnon'd DE a
ure in the cnnai to pay the principal or toe
stock debt Of ls3G 70 the above amount, for Which No
deficiency loan can be contracted ON the credit OF the
/ fund which has been nnconsiituiOnally depleted.
The defciency Of canal tolls Ia meet the annual cor
stitu,ional charge Of 10000 under section Of article
T. 10 the General Fund Debt Sinking Fund, have been
e. follows: 1900.
For Tie yesr ending September n, I1'7.......s 200
For TIE year ending September 80 l,.5'....'.... 5-p
For the ending September 30 la39.e..s... N"1p
For tire wear ending eDtsIuber 81 it1......... s.WP
For the gear ending September %, lSel...... 1000
a. .s7 soa