The New York herald., 1865-01-04

NEW YORK, WEDNESDI
General ysnd-Ssass Debt
Anoant a dsbt espe 80, ls6S ......... oA6loyo6l
Stock reduced during the nscal year. 2697oo
Ansans Of debt Sept 90 1894. ..... es,2ss,eA
Sse1s Taa-rhsrs ws levied In 1854 disees tax Of
sx nils ior The f. following win, pu.pSsss IN. =, ....
sor ssns. sads-is 4 snia for The Albany a asaus
=. .ssss.s psoessas q the ss..s =. sy !. ,;ss
ana psysbe durng the ~ ascal yssz were - 10
exclusive q che hreefouEths min tax for schsos paf
CANALS AND CANAL yuxpe
eatsmsns for the nscal year ending with no so'n
kscsipes end Fuymsn1s-
Balance in the Treasury and invested oete- 4 ".
Rscsvsd during The ys.r. osi7s
Total ~. -........... sass ~
feymeno ~sSs~v~
Leaving balance on September so 1864, n. tHls7s0
RsgsN.es ~ 6s fsoai gear
Rsosivsd iiom rent or surplus
waters and interest current - u4s " g+sf.
ssvsnues &o.... U,lss - 80 oss
For cclscsisn, supsrintsndence and ordinary
rspain... ...................s.... i01o,s~
.su.p,us revenues" sasl7, $50
The surplus revenues have been applied, nm fs'
dor direction OF the constitution, - fos .
transferred 70 ne sinking fund,
under Art 4 go ], Of the con-
rmnassTsd n 10 the sinking fund.
under at q sec 2, Of the con-
rrsnsfsTsd s,STsi 70 the sinking fund fund.
under art I, sec. 9, Of the con-
rsnsSsryed n: remaining surru: i
70 tho fund for support Of gov
sfumenS.... ................... IoA,AAo
Ssasmes u 0s Casal Dsos paying iswss on ne sotk Of
September, 1854
Frinctpak An ~ o.
OF the constitution. 37,o062A el3l, ,263
Under article !, section
Sof the constitution. II, ,736,0o0 oo0, 800
Under article 4 section
10 Of the constitution lA2,6Se Ao20
Under article 4 section
Il or The constitution a,24sooo lA,sso
Total. J.. !. S22 a97,sio d, 400 2s2
The gross earnings Of the canals from the close Of the
nscai year 1890 % september 80 1soA four yes were
s After payns the expenses ss q supsrnts;ndd Intend
AMOUNTING . ia 4os From this sum there h.s been
i @ the funds for the extra repairs and improve,
ments a the canals, Tor land damages and other
s'sa%s sn1s.msas s5a'' and eemSsSn y. publ:
works y Geo ia 70 the general fund on account Of
ls sovsrnmsnt i,o5i iia making altogether Sit
The amounts carried to the credit Of the sinking fund
the interest and principal OF the canal stock debt On
the 3osh September 1854 the balance in all the sinking
Il 70 ,ns o s PRINCIPAL
the canal debt 1t s matter Of pride and qualification
that the cose Of the aca yesr in 1890 this debt has
The Auditor q he Canal Department reports that
there now outstanding and unsasAed claims against
b made from funds now 70 be provided BY taxation,
amounting to ts6e These calms are founded upon
@ e u: sS s esi
acts Of the Legislature recommend that provision b
made for the payment q these claims q As earliest
The Auditor estimates that there viii be deficiency IN
the canal tolls the current fiscal year ewing 70 the vary
r as e
tuton necssa . snable the STATE = preserve The pub
sscsi y.sr md .ssssssr - sso Sssssssy may Ss mus:
snppiied BY dsacicncy loans upon the credit OF hs
v: should no. in my ,sas%so. borrow % money 70 pay
sSy q Il. Ueoe: q Sssr the burdens Of sSs hour and
= ~ UssliSng s1sdsnss Sosh q sasr ps.riossn and
sevs%%.ns: - !: !sS !: . isa.ysas!. -
Of interest on debt from ordinary resources Or
TAXATION never bs departed from except in unexpected
e. Il 81 nd as
comparative increasing prosperity. IL may not b
improper 70 refer At time when 50 much soieituds y
felt the strength and OF the loyal States
and the prosperity Of tho people, to the share which
New YORK State has in making up The aggregate of these
The contest forced on the people for national existence
II severe yet the magnitude Of the means has devcl
possess, exceed ali Cur caieulaons We may, with Jus
satisfaction point 10 the leading facts Of our prosperity
when the purpose TO Be served TO strengthen and en-
tain them IN the discharge Of duties which often In
vove great hsrdships and trials The sacrifices they
when the national strength developss itself In such
expected proportions and seems 70 defy the demands Of
The geographical position Of our State h such that II
has At all times drawn TO its ports and carried over It's in
terror lines Of transportation the greater share of the
United Statcs This concentration Of trade has in
creased since the began consequsnce OF the clos
The Hssspp and net only has This sndency been more
decided but In addition the v91mc Of all classes OF
trade foreign and domestic hs, been greatly enlarged
and 70 the surprise Of moy OF It's friends the chief
port Of the country h increased Its business both In
any previous ti> and The great lines Of transportation
have nearly Dubbed the quantities OF produce carried
through thu State 70 the seaboard since 1852 and .he
greater Proportion Of the increase has been subsequent
| 70 1<J or during the years OF actual war
| The public works or the State, more decidedly
nan ever Detore lndcate tnc WISDOM Oh tncir
and the great railroad lines nd their capacities taxed
TO the utmost with only occasional Interference with the
/ canals.
The report Of the auditor shows falling on In the re-
Of the canals for the fsca year. but this may be
the result Of tho anxiety Of the people 70 reach the
kets with their produce In The quickest possible time
while prices ruling high 0flentmes their interests
will be promoted by paying the higher rstcs Of railroad
transit with the view Of seeking market which to-day
| is buoyant and tomorrow may be depressed Hence
large quantities Of produce have been diverted from tho
canals 70 those speedy limos of communication thus
heir theg IA
II II not Doubted however that the transit Of internal
commerce will nnd s sccustomed channel when the cir