The New York herald., 1871-01-04

The new Capitol was begun under a Iormrr al.
to say or Sow e sn y s wr sSr gp I'D
on. II ~ manifest that the cost Of thus work will
Very far exceed the original esrlmaes and the
limit Imposed by law: to this deem IL my duty to
call your special attention. The act tonferring au-
ihority on the Commissioners 10 erect new Capi-
to chapter $50 OF Laws OF 1861 pcilly provided
"tlat they shall not proceed to the construction OF
the said new Capitol unless they shall be satisfied
11a wen e xpse ereSl snl Th not acee
&l,00375O ss independent OF s847.bG5 10 paid for
anl) has already been expended In the construction
OF the bun ing and the foundation onf Is COM
peted. IL Is due To The commits toner's to say that
before they commenced the work they mad estimates
from skilled men which came within the limit Of
s4,0ooo0J; they clam also rnat the work above the
foundation will be. lropoulona,ev, less expensive.
II nevertheless evidc mat lne cost OF the build
inI. when completed VIII be very greatly in excess
OF the first estimate.
IL is for you to provide remedy for this very un.
perhaps the plans might be so modified that buid-
lag o, much simpler and less costly style could be
accommodation needed by the State government be
Afforded. NOR do see why, with the aDun liant
o re-
sidence; thus would be saving TO the STATE II,
the other hand, the work is TO be stopped or sus-
with less loss and inconvenience now than
at any future period IN the progress OF
ably needed. but unless the plans can be modified
as to insure that the cost will be very much less
suspended, at least until our bounty debt,
which requires about So, 100000, of annual taxation
be paid.
The greater portion OF the State debt consists of
within seven years through the annual laxes i'm.
posed by the act which created It, The unpaid p0r-
tlon OF TINS debt amounted on the 3Oth september,
Tie residue OF the State debt, amounting to
slzs97.753 s4 was in existence before the war; aud
incurred in gold 1t Is to be satisfied. not from
taxation, but out OF the revenues pledged for its
payments. No part Of the principal viii come due
this year. and you viii merely have to provide for
the pay ment OF the interest In coin in accordance
with the policy which the State adopted last year.
The entire slate debt was ON the 3yth
pl ed portions OF the several sinking innas,
So, 400 l44 rs: reduction OF so455,3oi As having
been Effected during the past two years.
SALT SPRINGS.
The quantity OF salt Inspected from the Onondaga
salt springs during the last fiscal year was 2l1
bushels This shows an increase OF production
compared with the previous year OF 3l5 81, bushels
revenue FOR the year..'..... Sss 6es
Nh % - ssm
Ne' revenue 70 S3si
BANKS.
On the 1st or October last. siXty-one banks were
doing business under the laws Of thus state OF
which number twenty seven had been national banks.
now organized as Stale banks under tue PROV ,sons
OF chapter 475 laws of 1867. Under this law thirty
banks in AL had been converted from ma banks
ip.o state DanKs Three OF these are clio I; one in
consequence oil failure alter an existence OF less
than one year.
During the last fiscal year circulating notes to the
depart nent and eight banks have Leen credited
with lost rculat on 10 the amount OF Si232.7, the
time foi redeem ng it having expired.
On The 1st OF October last The amount OF circula.
tion standing, charged to banking associations.
OF this the amount o s77s2o7 consts Of notes Of N.
corp0rated banks in existence prior the passage
OF our free banking laws and for which no securities
by deposits OF bonds a1d mortgages, stocks anu
cash.
The total amount Of securities held by the Super.
ineudent OF the BANKING Department at the Cl sc OF
the hscal year was $40. ,2s8 or which s5937S
neld for trust compan es and the balance So 0oe
Tor banks most OF them being banks of circulation.
One hundred aud thirty hree savings ba ks, with
total estimated assets OF S220 100000 are now doing
business IN the State. The number or persons nav
ing deposits as represented bv tile number of open
accounts on the 1st OF January, 1870. 651,474,
OF interest edited TO depost0rs during the year
ending January l, 1870. exceeded $1o 900. In
the me periOi OF time the assets OF these banks
were increased oy the sum of $26 00O 900 and more.
In view OF the magnitude OF the interests involved
In our savings banks renew nv recommendation
That full au lorty be con erred the SuDerinren-
dent OF the Banking department to examine their
affairs and to apply proper remedies for mismanage
ment.
INSURANCE.
The number OF insurance companies subject 70
the supervisor OF the Insurance Department on the
1st day OF December, 1870, Is 275, as follows:-
New York joint stock insurance companies los
New York mutnal insurance companie> 10
New york II insurance companies. 43
Fire companies of other States ....... 81
Marine insurance companies OF other States
LIE insurance companies OF other States 80
Foreign Insurance companies .............. s
Total. ............. ....... ............. 275
The total amount OF stocks and mortgages held by
the department for the protection OF policy holders
OF life and casualty insurance cOmpanies OF this
State, and OF foreign insurance CON npanles doing
business within 1t, Is s7,4l2.567 as follows:--
For protection Of policy holders generally, in re in
For election registered poncy holders eIca
For protection Of casualty policy holders eIciu
For protection Of fro policy holders in foreign in -000
snrance c9mpene'. M ; lO4sOoo
surance companies 3sGO0
Total deposit s7,na,5S7
STATE PRISONS.
The Comptroiers report will show, In detail, the
earnings and expenses of the State prisons during
the pas year. The discipline in these institution
has been. on the whole, better than heretofore.
Nevertheless. there Is great need OF nrher improve
ment in their management financially and other
wise. AS | SAID In my last MESSAGE, greater con-
centraton OF responsibility Is required and this can
probably be attained only by an amendment OF the
constitution. | renew my iecomme nda.ion that
greater discretionary power be conferred the
chief officer OF each prison In the matter OF punish
ment.
Under the authority OF chapter 427 OF the laws of
1870 appointed as building commissioners for the
erection OF the state Prison Industrial RefOrma-
tory established at Elrnira, Cnemung county,
Amos Pilshury. Of Albany; Charles c. B. Walker OF
Corning; Abram H. Miller, OF 0swego. and Stephen
L. Arnot ana Frank IL. Atkinson. OF Eimra.
These commissioners have visited The most impor
tant OF the buildings recently erected for smar pur
poses In the Eastern States; and Mr.. Pilsbury, by
their authority and on their behalf, has examined
all newly constructed prisons In Ohio Illinois and
other Western States They have perfected the title
OF the State TO the lands selected by former CON-
mission for the site, and will be prepared TO begin
the construction or the building early the coming
spring, II the necessary appropriations be made by
the Legislature.
The commission appointed by me, in pursuance Of
your concurrent resolution, to examine the subject
OF convict labor consists OF +. q. Wines and Thomas
Fencer OF New York, and Michael s. Myers. OF Au.
burn. report from them may ne expected during
the present session.
visited during the past year, as did the year
before, all the State prisons, and gave hearing to
every convict who desired to apply personally to me
for pardon or commutatiOn OF punishment. More
than o thousand applications for pardon and COM
mutation OF punishment have been presented to me
by the convict In person by written petition.
Eighty-fve pardOns thrty-four Communications ana
one replteve have been granted, q detailed state
ment whereof and OF my reasons in each case Will
be hereafter submitted.
CHARITIES AND AsYLUMs