New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-01-07

tho four Institutions named Delow 20 suspon"o" "N
suon general fund and bounty debts are paid The In
completed walls Of certain parts Of the reformstory ~
EIpira and tic asylums at Buffalo and Middlet0wn
found DO In exposed condition. and In danger
Of great damage by the elements unless work was 70
some extent continued on them. IL was. therefore,
thought advisable. In order TO protect tho prop
erty, TO make some advances from the
treasury for their protection. which has been done
There Is nexpended balance OF an appropriation
TO the EDira RefomatOry OF about s5O0o; one to the
Hudson River State Hospital for the Insane oil about
$l50OO0; one to the Buffalo State Asylum OF ABOUT
100000; to the MiddetOwn Asylum OF slOooO''
all OF which appropriations will DO available during the
Spring and of 1875. With the material on hand
paid for each OF these institutions 1t is believed
that tho above unex pended balances left under the
care OF single superintendent for each, will be ample
aud sufficient complete ready for occupancy. those
parts OF them that begun and partially nnsneu
therefore respectfully submitted that no further
appropriations DC made to either OF these In stuons
until the session OF 1871 when tho State debts above re-
ferred to will bs paid of and discharged and the an
nua tax reduced by about sSOoOO II the people can
have respite from these heavy burdens until that time,
these buildings can then go forward with the necessary
appropriations. without expressing the people with tax
alton.
THE NEW CAPITOL.
There has been expended upon the New Capitol to tho
present time including half million OF dollars for the
purchase OF lands, and excluding unadjusted claims
contracted BY the Commissioners. fully S,S000O) Under
the authority given chapter 32) OF the Laws OF 1874,
tho New Capitol Commissioners nominated aud APP
pointed with the consent and approval OF the Governor.
James Eaton superintendent. to take charge OF the
work OF finishing the New Capitol Work was suspended
thereon during Winter and Spring but WAS resumed
under the superintendent the 18th day Of june
after bis appointment. Tho work has been pushed
forward In o practical and workmanlike manner aud
with dispatch and economy and 1t Ia believed with
great Saving Of expense as compared With former
expenditures No matter what VIC may now tnuk OF
tho folly Of tho original plan Of this building ana tho
improperly Of placing it upon its present site' the
Is so far and IL OF such vast proper
tous that provision should be made Tor the con-
tnuauce OF tho work the early Spring. or serious
damage by the elements will occur to the Walls But
before any further expenditure Is authorized OF III
currAd upon this building Is earnestly recommended
that tho Legislature ascertain and determine whether
it is being erected IN pursuance OF any plan or style
authorized by law whether 1t is subject to SUCH var
alton and change the plans from time 10 time as may
DO dictated by the judgment or caprice OF the person or
persons who may for tho time being havc the same In
charge The following statements show the amount OF
the funded debt the State and the balances Of tie
several sinking funds:
THE STATE DEBT.
On tho sOth September. 1873 the total funded debt
was $50 $50, 4O6 49, classified as follows:
General Fund. So 0SS526 40 l2lOOO 90
Coutineent.... $4,000 90 80 100 zoo "a
CsnsI...... ii 352,SS0 W Total 1885, 3O4O6 40
During the months OF August and September, 1878.
stocks OF tho Bounty Loan were purchased to tho
amount Of t OO0 but cancelled until after Sept 80,
1879 Deduetng this the Bounty Debt amounted 10
s2Os5 co., and the total debt to s3622iO6 40 On the
SOth September 1874 the total funded debt was $780,
1870 466 40, classified as follows:
General PuOd. So 989528 90 9l2500 90
c .a........: 10 % Total. 800 I0Ol58 40
The actual reduction Of the State debt during the fiscal
year ending Sept 3d. 1874, by cancellation OF maured
Stocks and of bounty loan rs OF 1871 purchased
for the Bounty Debt Sinking Fund.- during the last fiscal
year. Ia &6O2405O. In addition to the s9O25o Of bounty
stock for the Bounty Debt Sinking Fund.- dur
ing the last fiscal year and Cancelled there have been
said sinking fuRd since the date Of tho
last port the present time In State securities ana
Government registered bonds to the amount OF 1881
at cost of A97209l IS. Add $327253 50 premium ana
A. 90 commissions on boun loan stock purchased and
total of S GOT 49, paid account VI tins SINKING
fund .nce tie date VI last report Che present writing
Dec 49, 1874 Tue securities held IN trust Tor ths
sinking fund amount at their par value, to $8SOzgA o.
The following abatement shows the amount oi tue
State debt the 30h OF September 1874, AFTER oeouot
ing ne uuapped balances OF tho SINKING FUNDS at tnas
date: p.....o, R,,.nc. ~
sinking fund, on debt after ,p