The New York herald., 1870-01-05
Reduction Of Tolls on Canals
AZ Far and as Fast AZ
Practicable.
The Educational System in a Healthy
Condition.
Views on State Prison Management, Insu-
rance, Banks and Banking, and
National Financial Affairs.
STATE OF New Y0RE,
EXECUTIVE CHAMBER,
ALBANY, Jan. 4, 1870.


EXECUTIVE CHAMBER,
ALBANY, Jan. T. 1870
To THE LEGISLATURE -
by the constitution the Governor is required Ito
by message, 10 the Legislature NJ
every session the condition OF the state and recon-
mend such matters TO them as he shall Judge expo
dent" proceed 10 discharge this duty
STATE DIET.
the total net amount Of tue state debt
was, the 30th September 1883. .$3s s04, ,4te
1t was On the 30th OF September, 1so0... H,S4s,035
Reduction during the year. ............ sAoIe,As
OF this debt there was in existence before
rpe so residue .aid M ,s the UNPAID portion Of the
bounty debt incurred during the war. 2212 s24
The sinking funds, at their present rate OF applca
tion viii ext.nguish the entire State Indebtedness
within eight years.
INTEREST ON THE STATE DEBT.
recommend that provision be made for the pay.
ment in con Its equivalent, OF the interest on that
portion OF the State deDt whcn incurred before
the late war, and OF the principal thereof as IL
lures. 1t was contracted IN specie, and the honor
ana good faith OF the State forbid that either Interest,"
or principal should be paid IN a deprecated cur
rency Failure to pay Tins interest in gold occurred
first IN 1865. and has continued to this time This
failure was bad faith and bad policy. The state has
for years been repudiating portion OF its OBJ
IgatiOns. and trust you VIII take prompt measures
10 save !. from further dlshonor.
The bounty fund debt was contracted In our pre-
sent currency, and the holders Of the bonds claim
nothing more than payment in the same.
RECEIPTS AND PAYMENTS or THE STATE Treasury
DURING THE LAST FISCAL YEAR, OK ACCOUNT or
ALL THE FUNDS, EXCEPT THE CANAL AND FREE
SCHOOL FUNDS.
tember. 1865. Observation-Disclosures. S14S,bN
Receipts OF the year. l70s6sB
Totai. W4oN
Payments oi the year. l7,aS2'A"a
Balance in the Treasury on the Goth of Sep
temoer 1859 ............-............ $20I,WZ
TAXES
The state tax levied in 1889 was fye ana 6ve-
eehrhs mills, for the following purposes
For schools. IA mills.
FOR canuis...-. .................-.- ~ Hiib.
For general purposes. ACKNOWLEDGEMENTS. Ia mills
For bounty debit. .................. "a mufh.
The whole amount of State tax levied was
SlO,403,l79
The following statement shows the condition Of the
canal fund IN the last fiscal year,
Balance In treasury and invested on the
Received GI'e' ap to so nD' September siissss
Total. SO, sis.sos
Pad during the year ending 3oth septem-
Der, ls0s........ ..................... o,36s,s61
Balance now on hand. S3,s54,et4
REVENUES OF AND EXPENDITURES ron THB CANALS
Du2lSG TIE LAST FISCAL YEAR.
Receipts from tolls rents. interest on
current revenues and miscellaneous. $4, l6i, 2s0
Payments for all expenses. j27s, 507
Leaving surplus revenue OF. ss2,7.2
Which has been applied, in conformity with article
seven OF the constitution. as follows
Sinking iund, undeg section two ......sl. 800 900
Sinking fund, under section three....... 1,3s27i2
Total tal................. $2,5s2,77S
For the details OF the State debt expenditures,
hug Tf mo- paIs thatp
ana condition, respectfully you TO the official
reports Of the Comptroller, stale Engineer and Canal
Auditor.
need not repeat my general suggestions or last
year III reference 10 our canals, and the special and
important which they bear TO toe commerce
and business. not only OF own State. but OF the
great Northwest IL il the duty as 1t II the manifest
interest or The state to foster and protect them;
more so now even, than before the construction Of
the tines OF railway which connect the Western and
Northwestern States with the seaboard. THESE
canals. built before the Gays OF railroads, 10
facilitate internal commerce. to furnish a cheap
and easy avenue oil transportation Tor the
products Of our own and other States through
the interior TO the Hudson river, still form. as
have said IN q former message an Indispensable
link In the chain OF water communication Which
continues 10 be OF great power and value, notwith.
standing the improvements In the method OF land
transportation Properly managed. they VIII not
only serve the original purpose OF their construction
but VIII act as check upon exorDtaat charges OF
railroad corporations, and thus Keep down the price
Of transportation for the various article5 moving
eastward westward, 10 the mutual benefit OF
producer and consumer
The necessity ana value OF water communication
Is az well recognized everywhere now as heretofore
Within few days have been applied TO Tor infor-
nation upon The subject for the guidance OF public
men in Europe, who have in view system OF canals
very large scale, which shall connect Berlin AMI
Dresden, and Berlin and Frarkfo-ton- the Nam.
and other important. points. AT the request OF
nf Vn1yn n1Cn tAA
last aniumn delegates to convention held for the
purpose OF promoting Improvement IN the naviga-
n, mom Oh t,e e Wisconsin river; WORK n which she
MAKE III connection with our canals water com
munication complete from the MISSISSIPPI, river 10
the city Oh New York. Canals do not, as some say,
belong 10 past age. nor are they superseded and
rendered useless by the construction W ral.roads.
Dotn canals and railroads are essential 20 tue fuli
and rapid development not only OF our own state
but OF cur great northwestern 1eghbors. whose IN
fcrests an0 prosperity are 30 nrmy interviewer WIN
our own.
To the great gram producing States of the West
cheap transportation to the seaoonrd is a necessity
ana especially 50 now, whea the prices OF ther pro-
ducts are low 1t IL no less necessary 10 the people
Of New York TO have cheap transportation from The
us with all the articles OF food we require. Other
States can compete with us for the great trade TO
ard rom tae est by means Of railroads.; but they
cannot IN tue traffic by canals FOR they have not our
advantages In the natural evei OF surface.
In afiordnQ water transportation at low rates
through the length OF our state contributing
at once 10 own prosperity and tnat Of Others.
Ehe business relations between New YORK ana tho
states referred to have always been close; IL is
interest ne wen us theirs that these relations shond
De maintained and extended. For their sake as wen
AS our own every barrier - full and free inter.
change or the products OF their industry and ours
should. If possible, be removed. our canals were
not constructed with the narrow view OF levying a
make money: they were built for the purpose or
afodng facilities TO the internal trade oi thc coun-
and The be made free ~ lar and as fast as 10
pracurbale. .....,.