New-York tribune., 1871-01-04

mltOGl l2955Vl2
Philadelphia SGsGS at2Is2S
Upper npS Lake port. Chicago milwaukee, Toledo
Detroit, and Cleveland tsbSb ilS"pfNo
DECREASE OF TRADE AND ITS REMEDY.
Transit of vegetable food ON the canals fell of from
922 237 in 1861 to only lO2ei3 in 1862 Flour fell
off from nearly 100000 Of barrels in lsi7 to less than 5000
in 1869 II clear that increased speed and cheap
ness OF transit must obtained else the trade would
he Intercepted by other routes For these reasons, the
CATION the Canal has been improved and tie Canal
Board last May made Important reductions III Tolls espc-
peciay the great staples OF 0od The pilnslpLc ol
reduction must DC gradually carried ont until the deIt
being and tho tolls taken or 20 the point Oi main
euaucc snd repair the Canal will become Substantially
free. - -
Time il necessary restore what IT took time to lose,
but the experience Of the year justies the expectation
that the diversion Of trade has been arrested In 1862
under high tolls, the shipments of grain and flour de-
creased 1884, tuns At this rate the whole Of this va
ae trade would have been entirely destroyed in eight
years. Tolls -four were nearly % cents while the
whole freight 40 cents similar rules Apply to Othef
dmnuton of trade the canals about one-seyenth
of that in 1862 and but for an unusually dencAent
crop OF corn and consequent light shipments Of it, there
would have been large increase III the trnnage 0f
grain &c. Prices almost unprecedenedy low, eAces-
sye speculation the destruction OF through lines from
the West by high tolls and the bad condition Of the
nails causing delay and uncertainty III anst-the lnef
liable result of the contract sysem-combned TO keep
tLe tunnage Of grain down in isI0; but it IL believed
other year will the tide strongly In our favor The
amounts of the tunnage Of all othcr articles eastward
aud westward bound are not yet ACCESSIBLE and the
il fairly Judged general pIlnCi-
pies than by the events OF one or two years
TIE CANAL DEBT.
The system OF reduced tolls is the surest guaranty for
the ultimate fuillment OF constitutional obligations.
No part of the principal Of the General Fund debt not
held by tho in trust natures until 1871 The prn-
administration and slight extension, il is believed the
canal revenues may provide for them without resort to
taxation. Ia the fiscal year of 1871 they larger
any OF the years preceding the war; and u
large increase of business is expected next year.
THE WEST BROUGHT NEARER TO 1HE EAST.
The completion of the Lake Superior and Mssissppi
Railroad, bringing the immense prairie grain field of the
North West practically several hundreds Of miles
State, auspiciousy took place the same year
the increased facilities on our own great thooughfae
The of the great prize OF North Western trade Il in
cacuabe. BY liberal canal policy we foster the honora-
spirit union with the other States aud enable West
producers she better to compete WIN foreigners III
the markets OF the world while every branch of our own
home industry IL eectuay encouraged by bringing the
| West practically nearer tn the East.
While on the one hand, have entered upon policy
which will bring back and increase trade and enhance
revenues We must ON the other address ourselves to
the important question OF Diminishing expenditures
The repeal OF the contract system and resumption Of
management by the State nceesstated large outays.
The great vice Of that system was inevitable dapda-
% GSSa nsaSe sn sSdSn IS be re
large outlay need not again occur The canals have been
economically maintained and may be so again There Is
intrinsic difficulty in the case. Nothing is wanted but
the fair average OF intelligence and integrity and watch
funess with the Importance o the inter
ests involved With those conditions fulfilled reason
is seen why our canals may not regain their former meas
/ ure of prosperity
! THE BOUNTY DEBT
On the 30h September 1870 the outstanding stocks and
| bonds representing this indebtedness amounted TO
s2567Ooo This debt natures in April 1877 and TO keep
the Sinking Fund up the point adequate TO its extn
guishment requires annual contribution OF IS 66
The necessary for that purpose, for the current
year. may be reduced from ~ mills the tax OF the last
| Year, TO 2 mills
cHARIriBLs HrPENDiTrRE
expenditures for education have been S2So2O 81 Or this
| 81 SIS $50 - for Common Schools
support for the Deaf and Dumb
li0te SjbbIO 81
Up 10 December 1870 enditne the Hudson
for the Insane at Pougbfespse 63 lS -
willard um Ovid tE2 7J
AUCTION DUrGEs
the Onondaga Salt Springs hopll o. being
% iess than last
The revenue from Auction duties has iIeeasd s25 8lb 81
The erpepdar-s the STATE Prisons $3.50 y and s
rs The the State u 1919 Si t9 le,s
| thar IN the previous year
CAPITOL
TIL. paid Ia 1870 toward the Capitol s @ q whole
smeunt paid s!,lj7,3l5 g.
RECEIPTs AND PAYMENTS.
The following statement gives the principal objects 10
which the General Fund were appropriated for
the past fiscal year. the from whence they were
derived. and the amounts received and disbursed: