The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-01-03
Practical Hints to Quarantine
GrUumblers.
Constitutional Amendments, State
and National.
OmiaouS Silence On Fed
oral Topics.
A CLEVER RECORD FOR THE YEAR.

EXECUTIVE CHAMBER, ALBANY, Jan. ., 1872.
To THE LEGISLATURE
1t is my duty to make known to you tho general
condition OF the State ana to recommend to you
such matters as judge expedicnt
STATE DEgT.
/ The unpaid principal OF the war bounty debt was
on the 3oin September last, sle.ss7,2os. This
portion of our debt Will, by the annual tax pro-
Nlded by the terms OF the act authorizing the loan
be paid in full in about 1--WE years. 1t was con-
tracted aud Is 10 be paid IN present legal tender
currency
The residue OF the State debt, which amounts to
'<l2 sos 495, was contracted before the war, In
gold. and the honor OF the state and good faith
demand that 1t shall be paid, both principal and
Interest, IL gold coin. IL Is to be paid except
$4s $50, loan OF credit 10 the Long Island Rail-
TOadl out OF revenues pledged for the purpose, and
not by taXailon unless the sinking funds "snall
prove insufficient to enable the State the credit
OF such funds, to procure the means to satisfy the
claims OF the creditors Of the state they become
payable"
or this aforementioned species Of debt 81, PSI, 900
OF principal VIII be due the LIST OF July next and
3s47 500 principal Will be due the LIST OF Janu
airy, 1873. The Comptroller is or the opinion IN
Thich concur, that there will be no difficulty In
obtaining the means of meeting these payments,
the credit Of the sinking funds, as authorized by
The constu ution.
The entire State dent was, on the Goth OF septem-
Der last s29, 4s2 7o2 the amount OF principal paid
In the last year being So 9.6,4.l.
TAXES.
The s. ate tax levied the past year Is Eve mills and
seventy nine one hundred and twenteths OF q MILL
or this tax two mills were required for the annual
payment on the war bounty debt, one mill and
quarter for the support OF the public schools three
eighths Of mill TO meet payments for work on the
Naxvl N0 pI ntyn hmm. lraH md
teths or mill for canals and one mill and three.
eighths OF mill for general purposes The total
yield.ol the State tax Is sli,6ls,oi3.
Tim new Capitol commissioners report 10 me that
Ats last session they have expended s343 63l up
lhe I'D day OF November iast making with what has
Tar expended on the construction OF the building,
INDEPENDENT OF about six hundred aud City thousand
dollars paid Tor land.
SALT SPRINGS.
The quantity OF salt from the Onondaga salt
s,579, 1893 bushels This shows decrease OF produc
ton, compared with the previous year, of 2'20Si
s2o,656, which Is 1921 less than that OF The pre-
viOus year.
On the lat OF October last 90 banks were doing
business under the banking law OF this State. Dur
OF $47,777 have been destroyed by the department.
Twelve banks have been credited win lost clrcula-
ton To the amount In all OF S6i,725. The time for re-
ccemlng the same, alter the usual legal notice, nav
that OF Incorporated pauks banking associations
and individual bankers, was on the LIST OF October
3S3. 525 secured 10y depositsol stocks mortgages
and cash. The residue, being circulation issued 10y
OF the general banking law Is OF course, secured
by any deposit IN the bank department..
There were, on the LIST OF July last, las savings
banks doing business In the State, with assets TO
These assets may now be Estimated, upon the ratio
Of increase OF tue before at s2,o,0OO oOo. Tie
tons was, on the ist OF January, 1871, H. Ioq.
ask your especial attention to the necessity OF
Tor savings banks. Some failures have occurred
among this class OF institutions during the past
among those OF small means, by enabling them 10
obtain interest GU tue sums which they can, from
Is the duty OF the LEGISLATURE TO proylde IN their
charters t every possible safeguard toT The pgo.ecu9g
he security more than high interest.
AT my instance Senator Palmer, then oh lirman
rag Ge % Sa B Basss at Sof e Es
lalive session OF 1859 (chaper 2l3 of the Laws OF
organize savings 6anE should i't execute ees cefG
cate setting forth the name OF their projected in
residence occupation and POST once address adj s Of
each member OF The association ana containing
willing 10 accept the duties OF trustee in such in.
stitution and requiring that such certificate, with
Superintendent, Of the Banking Department at
least sixty days before The annual session OF the
intention to organize such an Institution, giving the
particulars contained In the certificate, SHAH be
published In o newspaper or the neighborhOod
where IL Is proposed TO be est aolsned for six Weeks
IL then makes II the duty OF the supefin-
fendent OF the Banking Department TO transmit
20 the Lcgislasure " It's next meeting report
concerning the expectancy OF Incorporating each
one OF such proposed Institutions. Every legsia
five committee to whom Q bill Tor incorporating
savings bank shall be referred which has been IN
froduced otherwise than In the manner and win
Che preliminaries above described Is py the terms
of this law, required to report against the passage
Ghere0f or course this law may be disregarded by
4 subsequent Legislatures bur recommend strict
compliance on your part with its provisions, as cal
Culated to avoid needless increase Of these lnsltu'
lions and to guard against Carelessly framed cDar
tiers. recommend TO your consider tion tne pro-
Dr1ety OF restricting BY general law, applcaDe 70
Ali savings banks, the amount WHICH may De neld
on deposit for any one depositor, 10 Q moderate
eum Those who deal In large amounts are usually
Capable OF providing investments for themselves
II Ia not right that the funds OF this latter class OF
persons should be mingled with those or Tess
means, whose circumstances require pecuiar
class or institutions, and for whom specially saw
ings banks we're created. ,,,..,.
fhe tendency OF late years to careless LEGISLATION
In respect TO savings banks and other moneyeo IN
corporations Is shown by the fact that during lne
three years OF my administration nave iound iDy.
eef Obliged TO refuse my signature 10 hlxty .eeh
Hills for the incorporation or or increasing tne
POWERS of savings banks and other money ed lnsutu'
lions under various names ..
Ia Connection with tnls tonic. CAL your attention