New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-01-04

connected. The latter he better occurred by via.
economy than by lavish and extrsysgnt expohditnr,
the superntendonce OF the canals should be- they sS
not already reduced TO tho minimum consistent with
proper collection and payment into the treasury Of s
revenues
within ordinary repairs may DO included whatever
necessary 10 the keeping OF the canals good cend,
The term ordinary repairs would include e1Ienf
lures for enarging the canal building new n. "
bridges Except TO replace old where necesty f,
new exsted) tho building reservoirs feeders nav
cnlyers or others expenditures OF like character am
than IL would include payment for lands taken r
least until the ability Of the canals. With their present.
earnings pay the debt which both toe tax payer aad
creditor have the right to require u fly tested &
appropriations under this head nom tho tolls Should be-
those objects which are clearly ordinary re
pairssuch as are necessary 10 keep the canals sos
nayigable order, they now constructed and used
sT.TKsIyr OF c.s lI AID eE 1,gl yvHo DEBT
psS. Of 1876 under .i,l. Section
Floating debt, Sndr article l. section u ...'.... lSaNs
fund debt sept 90 tlI1s
Total snOunt Of canal and s.ucraI slsDs~s
siIAscss IN ,iSKiSa 'uSD jTH s1' rs ,si ~'N
Under arscls = section R.''.'..........'' s6'"l %
Less oyerdraa on sinking fund unier article
T. section }. to pay interest. s',7" b
Net bssDce in canal sinking fund. 81 6stts =
Balance sinking general iuBddrbt Iso5.I"2 -
Total balance sinking snd................. ,s,os
Total canal and general fund debt ,ner ipplyug sinking
fund. S,9tig So
PAYMENT or PRINCIPAL AND INTEREST oP CANAL DEKr
IN COIN.
The state adopted policy two or three years since
just TO Its creditors and demanded by proper respect
lts obligations paying the interest and principal
that portion Of the debt contracted before the passage
the Legal Tender act by Congress- in CON- the currneY
which it was contracted 1t Is believed that the eoun<
taken by The financial Oicers OF the State Was not )ny
eminenty iust but polite. 10 has placed the state Hpa
high ground and has tended 10 give faith abroad bs
credit, and II IL probable that II will be thought
pedicHt depart from TINS IN the future 10
anything having the semblaEce OF reputation
NEW FEEDER.
An important and necessary feeder has been COD
structed during the year by taking Orisiany Creek 70
supply the deficiency of water in the long level Tas
additional supply Of water has served to good
navigation the level during the severe drouth OF tho
ha tIt To- a1, 49,, 80 ~ s,atciencl az water az
that level. and at very moderate expenditure
FEDERAL TAX ON CANAL BOATS.
During the past year. under tie orders Of tho present
Secretary Of Treasury, fees have been again oxacd
from canal boats, and their payment enforced The a.
tempt TO transform canal boats into vessels, and mako
them amenabe the cOasting laws because thoy enter
tide water ia great annoyance TO the internal trade u
the State. II has repeatedly been held Dy the courts 81
State that canal boats, though they may pass
out of the canal and transport their cargoes by river 10
NewYOrk, and bring back return cargoes, are not Yos
ing laws can be required The claim IL believed 20 10
without just foundation and IA II Is In direct hostility 70
the policy Of the State and the efforts now being sucoe
fully made by the state authorities To attract
the canals by improving the navigation as wen rs pI
removing every hinderaDce and burden, the huehohW
Canal Board called TO the subject, ana mat Opy
directed the Attorney neral TO take measures 70 81
legislature that such and further steps may be
taken the relief of citizens from ths he" Ohdeh
as shall be deemed proper
STEAM on THE CANALS.
The IAislature OF lsl passed entitled An act
10 foster and develop the internal Of The SIto
by inviting and rewarding the practical and profitable
introduction upon the canals, Of steam, caloric. cec-
tricy motor other than animal power, for the
propulsion Of bOats' and appropriated for that object
the OF 100000 to be paid TO the owners OF the sue
might be submitted for trial. and tested and approved
by the commissioners appointed under ne act -
believed however that IL has caused an agitation upon
the subject, which Will. sooner OF atr Result IN SUCCESS
motor TO the form OF boats now in use deemed Ivy
many to be .mpracticable with tho canals at Their pres
The Belgian system was exhibited on the Erie Canal
aad wes s I1y Pppao 70 ss
by the state officers and distinguished citizens from df
II is claimed by the advocates Of the system that It's
general introduction would be attended with complete
in diminishing the time Of trips the cost u trans
portation ana increasing the capacity OF the canals
This plan OF tOwage appears TO have been excluded from
the exclusion OF this other APP
parenty practicable system from the benefit, Of t act
BUSINESS SEASON or 1871.
The serious in corruption caused by the great hreaE on
the Eric canal at OxBow Bend early in the season ana
the premature closing of the canals by the cold Weather
November. left the period of navigation about two
weeks shorter than that of last year Notwithstanding
this the Of navigation just closed has been
perOls the well shippers ana
rers general condition of the canals has been g0od
and excepting those above mentioned there have been
but very few detenOnE of any kind. The average time
for trips been lessened and they have been made
with rapidly and regularity Under all the clremstan
.aa tba ROY frnm "A
flying exhibit. They amount 70 S309930O &c. being IN or
those the OF last by nearly half
million Of dollars with substantially the same toll sheet
should be sufficient for the maintenance ana
repairs OF the canals, and TO make contribution OF
600 TO sinking funds for the eHtingusbment OF
the debt and interest The canals have been Kept IN ro
pair at much less expense than last year, and with the
possible exception OF the 1861 tile tunDage haS been
larger that of any Tho practical re-
suits of the are full OF announcement % tho
friends of the canals. ga. DAYTON, Auditor.
DIR SCHENCK'S NEV BUILDING.