The New York herald., 1869-01-08

Balance IN Treasury. September 20. 1868 So 312 All
buiiug The fscal wear the bounty debt was reduced
ny tle SUN y $4,000, and other state stocks were
purchased "a an investment FOR the sinking fund TO
the amount OF sl3j.j00. Most OF the stocks pur-
chased cost the state less tnan the market prices
current az the time or purchase, and for none was
price above the market paid. The average premium
paid for the bounty debt about IA per cent in
Guiding an the expenses Of the purchase and ali the
purchases were made at rates which viii Weld 10 the
state more than at the rate OF six per cent per
upon the investment. The foregoing statement OF the
county Debt sinking Fund shows q balance in the
treasury 10 the credit Of that fund the 30th sep
tenber - the amount OF s2372.4ll This was not
the available or actual balance on hand, but was
made mp yery largely OF the state tax uncollected
and payable ny the city ami county OF New YORK,
wiicn az before said Is not practically payable be
tnan actual. Since the close of ,he fiscal year and
mp 20 January J. investments OF this fund have been
made 10 the amount OF s41O 100 sl5G000 OF which II
IN the bounty loan debt and the residue In other
stocks Of the state.
CONTINGENT DEBT
This Indebtedness has been reduced during the
year by the SUN OF $4,000 The slACOo or state
Stock loaned 10 the Schenectady and Troy Railroad
and outstanding 90 the commencement OF the fiscal
year has been paid and cancelled, ana the stock
loaned 70 the Tioga Coal Iron Mining ana Manufac.
chapter 20G OF the laws OF $780, has been paid by that
company. and surrendered TO the Comptroller aud
cancelled the only remaining debt Is the loan OF
sGsO00 10 the Long Island Railroad Company, the
interest OF which Is pad by that company. The com.
pany VII undoubtedly provide for the payment OF
SHOWS me sbanaes ~ This u a,y dnIos stssea, h @
fiscal year
Contingent debt September 40 1851. sl1o 600
Contingent debt september ~, 1865. ....... 5000
------
reduction. $4,000
CANAL DEBT AND CANAL REvFxrgs.
During the fiscal year this portion OF the state debt
mas been reduced by the purchase and cancellation
oI canal stocks by the sum of f1,ss3f 100 ami the
amount OF the debt outstanding on the 30th day OF
september, 1856, was 81 PAP $50, against sl5 81 0sO
outstanding september 30, 1867. Tins, however In.
cludes the balance OF the canal debt OF 1s4s out
standing but for which provision has been made by
lion, and which may be regarded rs practically
PAID 70 the amount OF 80 30, 5o) II the sinking
Innl Tor fhe payment Of this debt, and the unap-
pied balances OF the sinking funds for the payment
of other portions OF the canal debt be deducted from
the present apparent Indebtedness IL Will leave tho
debt 10 he provided for tio, ,2s2, 757. Some OF the
STOCKS have been retired by the Commissioners OF
me canal Fund, by the application OF the proper
SINKING funds. since the close OF the fiscal year.
Inc financial report OF the Auditor OF the Canal De
paftmcnt Will give the details.
The Following statement classncs the debt In refer
ence 70 ie constitutional provisions under which Its
payment is provided for:--
S,, ar,e ........................ ~ go, 700
-en ai..i. I0324, 100
'o'''on - aihcie ..................... 1855, 600
23v 500
MOI paying interest. ACKNOWLEDGEMENTS. 10,l60
IV,di. f1l, 24q 900
The report Of the Auditor OF tae Canal Department
Will make gratifying exhibit OF the canal revenues
f0r the year. The navigation OF the canal has been
without serious interrupaon during the season Of