The New York herald., 1871-01-04

of the ultimate fudlment OF constitutional obiga-
tlocs. No part OF the rilcipal Of the general iund
debt, not held bv the State In trust natures until
1871. lhe principal OF the canal debt natures In
1912, NC. BY proper administration and slight ex-
tension 10 IL believed the canal revenues NAV pro-
vide lor them without resort 70 taxation In tue
fiscal year Of 1917 ihev wese larger than IN any OF
the seven years preceding the war, and large In
crease OF business IS expected next year.
THE WEST BROUGHT NEARER TO THE EAST.
The completion or the Lake Superior and Missis-
sippi Railroad, bringing the immense prairie grain
field OF the Northwest practically several hundreds
OF miles nearer to our own State, auspicouSy took
pace tine same year as the increased facilities on
our own great tnoroughare The value OF the great
prize Of Northwestern trade Is Invaluable. BY
liberal canal policy we foster the honorable spirit OF
nnion with the other States, and enable western
producers the better compete with foreigners in
the markets Of tho world, while every branch OF our
own nome industry is e1ectually encouraged by
bringing the West practically nearer to the East.
THE OLD SYSTEM.
Under the contract system great injury was
flied up, and It's structures became dllapidated.
The resumption OF malagement by the state neces-
STATED, matte r. OF s0lnd ana wise economy out
lays which need not again occur. With the FAIR
average OF intelligence and integrity and watchiul.
interests involved canals Will regain their for
mer progressive prosperity.
ExPENDITuREs--EDuoAroNA AND cH ARIrABLE
The CHIEF or these expenditures are those Tor edu.
cation-S2 ,s9o,64o. or this amount $2,32 $50 were
Tor common schools.
Expend lures tor The support OF asylums for
the deaf aud dumb, bind, insane and idio'
up 10 the 10Th December, 1870 expenditures
on the Hudson River Hospital lor the In
sane at PoughkeepSle were. 633, 139
Those Tor the VII ard Asylum at OVID were. 1922
SALT SPRINGS AND AUCTION DUTIES
The net revenue from the OnOndaya Salt springs
is $33,9l1, being $5,30S less than last year.
Revenue from auction duties has increased
$25.S16.
STATE PRISONS.
Expenditures for the State Prisons were $91s 627,
and the earnings were S490,I56. The cost TO the
state In 1870 $l3 469 less than In The previous
year.
THE NEW CAPITOL.
The sum paid in 1870 towards the new
CapitOl was. S.......................... fl,576 l2O
Whole amount yet paid ls... 2l57,3l5
TAXATION, VALUATION, &C.
In 1860 the State tax was. ............ 5,44e.e4O
In lS70... l4,2S5,976
In 1860 the tax for all purposes known
to the Comptroler's ONCE was. ....... 1885 o24
In 1870 1t was. ........... 50,32S,6s4
Tne gross valuation OF taxable property
In 1859 was. 14O4, 679
It reached IN 1869 1850, 120, 40
The increase In ten years 45b, ,207, ,O9l
The gross va uation III 1870 was 1857 ,00l 1856
The annual average Of increase FOR ten
years was. ........................ 45,52o 709
The increase for 1870 was........... loo, $780, 4I5
Taxation IN 1870 was at the rate OF 741-l50. pro-
duclng $l4 1916. Yet the appropriations OF the
last Legislature were 50 large that the (estmated)
deficiency on the 30th OF September, 1871, will be
$2,1l4,7 746. But the Comptroller estimates that
with prudence as TO appropriations and
elusive Of extraordinary work on the canals, &C.,
this large deficiency be made good ana the calls
reduction OF about SS,500,000. Allowing one-elghth
OF mill 1or canal purposes he believes the total tax
necessary Tor 1871 Is 5ss mills instead OF 74l-l50 In
1870.