New-York tribune., 1870-01-05

state fully comply with the constitutional claims upon
the surplus revenues OF the canals and without mate
rally affecting the receipts, the tolls by the
concurrent action OF the Canal Board aud tho Lcgsa
ture, be modified TO meet the necessities Of tho
rier and enable him. If good navigation is secured
him. 10 compete successfully with the railroads and
conflicting route for freghts and that there need DO
sensible diminution OF the commerce Of the canals.
But no medication OF the tolls will retain the business
eed and this can only be one by restoring to the
canal officials the supenntendence repairs and all the
ate agencies that nsdious legislation has, from time 70
tme put between them and the performance of their
legitimate anu appropriate duties
Circular letters seasonably addressed to the
proper officers o the several counties and municipalities.
with view obtain the proper data to exhibit the az
regate amount OF the entire public debt OF the state
ments
There ia reason to believe that the gross amount OF
public Indebtedness Is not diminishing; that, while one
class of debts owing by localities may be paid off, Others
being contracted for other purposes having longer
At the time OF making the last annual report, the
gegae amount of the debts of the counties and cities OF
the state as near as the same could be asceaned or
estimated, $50 6O3Os 90 The officers TO whom the
circular letter addressed have responded the
same In sufficient numbers to justify statement or an
estimate OF the present Indebtedness none could De
made which would be trustworthy.
The following statement will exhibit in condensed
form the revenues and expenditures for the fiscal year
just closed 1t will be seen shat at the commencement as
well the close OF the year there large deficiency
the General Fund Revenue" that is, IN the fund
from which all the ordinary expenses and appropriations
paid This deficiency is nominal rather than real
the delay the receipt OF the State tax into
the treasury.
II the county treasurers had paid the amounts payable
by their respective counties there would have been sur
plus rather than deficiency of this General Fund Reye
nue. The payable by the County Of New-York will.
when paid land part has been paid since the close OF
the fiscal year, more than make good the deficit.
The amount for which warrants were drawn on the
treasury account of the General Fund during the year
~
Against 5222.29S 81
drawn for the year ending Sept 80, 1868.
Showing Increase for the last year OF Ni52l2j o.
These amounts will vary from year to year dependent
upon the liberality Of the legislature
Deficiency Of the General Fund Revenue tie 3Oth - -
September. 1865 eZ'Jo 80 ~
Amount Of war the account OF
the General Pond during the Jesr ending JOE Septen- . -
ber (See Schedule 6bIii2I y
Amount q the Bounty Debt Sinking Fund be-
ing proceeds the tao and onesIth NIL tai levied -
In 1863 Of Chapter 3 Laws Of S69... J''9gg' %
Amount the following iunds for interest
ia treasury during tue belonging to
said funds,
school Puad. S5l9l2 n
literature Pund........................... l,gB 63
Long Is,an Ralo Co sinking Fund...... 81 "
h' ~ G5.I7O u
sl3ii6.Oa Ol
Auount Of Warrants drawn the treasury remaiBgng
unpaid JlGh September lSo'........''''' 9i5 II