The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-01-07

By Ane and imprisonment me counties Rave .
GLANCE Of on the part Of their trss.ursrs
hands q the latter are ' used even temporarily Tor
private pront Besides it u very unjust ana
great hardship . the taxpayers % compel them %
lected rom them to b used By the county treas
urers and the tanks for their own oenent Tor
paid over 70 sie state y stiiI more unjust 70
tbcm when it 10 considered that Tor want OF tne
meet the current expenses OF the government. and
the interest thus paid becomes Q new burden on
When these moneys are loaned to the banks the
latter loan them to their customers. and when when
after the time nxed for the purpose, 1t n not an
uncommon occurrence Ior the defauting treas
ursrs and the bank, which are parties % ser n qs
ting MIN 10 grant them further time to, pay over
public moneys withheld IRON the treasury N fraud
are promptly paid over; the Same punctuatty
should be exacted rom all; and u the law y not
voluntarily obeysd It's execution should De eniorce a
no doubt, be aided by making 1t the imperative
duty OF the Comptrolie to charge 10 per cent tn
from taxes Tor State purposes and withheld ov
them alter the day hxed Tor payment into the
DEFALcAr1oN IN THE STATE TREASURY.
defalcation in the ONCE OF the State treasurer by
sns q p
Of the clerks In tina ONCE, to whom the chei man
under the title Of cashier rms title is wholly un.
known to the law. was assumed without any
proper authority, and has been Kept up under .
when When this dssication Si oecsme known, believing
It to be my duty to cause the MOST thorough inves
NJ. ". E. Warren, Of the city oi New York, an ex.
perienced auditor ana accountant was employed
By me for tas purpose and hts report will
shows that the whole amount Of tie moneys
stOlen BY the nominal cashier was taken
ssbs isss sna that sns rsud 1 IN apply
ing the money to hrs ownus was attempted to be
covered up ny .se entries IN the cocEs Of sns
ndenCe repossa IN MIN py the Treasurer and his
much OF his tame. aud the latter In the absence Of
his principal, seems TO have surrendered the whole
rs drs for
moneys abstracted PAYABLE To- the order Of pre-
tended cashier Of q private banking house IN the
and be is unable to say whether the endorsements
wee filed - up or tna sisn sSsr IN ola nnt T.
senRest Ground 20 r'G the nseS
rity OF the Treasurer or deputy or any other sub
ordinate In the once except the deiaultng clerk.
But there Is no doubt the delacatiOn would have
been prevented II the Treasurer had been at hrs
post and given to his duties the attention the
its treasure. In absentng himself ior consider
able portion OF hts time he has but followed the ex-
ample oil his immediate predecessors, ana LEFT the
tody OF millions Of d0lars to be discharged BY his
deputy and clerks. he should he required BY law
to reside IN Albany and 70 attend personally to bis
The constitution authorizes the Governor to re.
move the Treasurer ior any "yio.ation Of Is duty"
vision should be construed strictly, and that the
some duty expressly enjolned BY law had been
omitted, or some act expressly i0rhidden had been
committed. Under supervision thus INTERPRETERS
warrant the extreme measure referred TO. HilE-
Several years ago smaller deialcation occurred
BY taxation, and it win be necessary to lay another
burden on the taxpayers TO make up new de-
ss ~
safeguards BY more frequent inspection and com.
parson OF the books Of their respective ofces; but
ss pnSs Sc seenes the
sonal integrity OF those who are concerned in their
receipt and disbursement, Z ig sHsss.2 ,eaey 3
During the last year the public attention and
interest have Teen earnestly given 10 the subject
and the Atlantic coast BY the Improvement Of our
natural and artificial waterways.
There is no economical question which concerns
the peop,e or this State more deeply. Tho most
important aspect under which 1t can be viewed is
that Of ennsbling them 70 procure 1t lower prices
produce PROD BY enaSlns them to reach the points 81
THIS Is the local view and the one IN which the
great body OF our people nave . primary interest.
DE- Is the
which the quest on Ii regarded with much interest.
They wish through cbeaier transportation to sell
lower prices the articles they take IN exchanee.
There Is another aspect OF comparatively trining
ouence to Us. Il matters little to them Dy what
channels theyreach the markets for their pr0ducts
But II 10 vital to the commercial ascendency OF the
city Of New York, and to the continued success OF
our canal system, which has cost us so much, and
which contributes so largely to our prosperity that
should not be essened by the diversion into other
channels OF products seeking foreign markets.
II is not probable that any competing water
which Ii reached BY means Of two short canals be:
With the g
gan. These two canals will probably be enlarged
within few years, 30 as to admit Of me passage
our canal locks can be so heightened as to pass
rying can be reduced BY Using steam as . motive
power, and lessentng the time now required for
transit rom the LAKES ne 20 Ia s Mas n one
will always contend at disadvantage with ours
The pert OF New York Is open at all seasons. The
months OF the year, and during these months Que
beo and Montreal can only reach the ocean BY sew
eraI hundred miles OF railroad. ~ 4r !. i 40
!, II all the locks on the Erie Canal were doubled
as they win be shortly, and the prism were made
to CONFORM to the prescribed dimensions its ca
pacity would, no douot be sufncient to perform all
the required OF It for several years to come
and when to this increased capacity the applica-
ton OF steam as motive power shall be added its
ability to maintain successful competition with
other routes cannot well be questioned. The ex-
periments with steam already made, under the
liberal inducement offered BY the State, though not
entirely satisfactory, leave little doubt that they
will be so az no distant period or time.
when the canal debt Is paid, or the payment Sc
cured by the accumulation Of properly invested
sinking funds which snail equal IN aamounv the
bonds outstanding, the tolls can be again reduced
and the cost Of transportation be further dimln-
ished. tlig .la. fl 81 f 1853 .1.W .balfl
The expediency OF constructing ship canal to
unite the waters Of the Hudson an Lake Erie has
recently given rise to much discussion At the
present time. with heavy burdens Of taxation ON
the people OF the state, In the prevailing derange-
ment OF business, and when we should economlze
our means By every practicable measure OF re-
trenchment. II would be idle to take any steps to-
ward the initiation Of an enterprise OF such magni
tude and likely to involve an enormous expendt-
ture. Shoald It be practicable ct any future day to