New-York tribune., 1878-01-03

ment By appropria;ing the balance l$2'; l93 3el
General Fund Debt sphing Fund latter rad viii be
ample 10 these Obligatl0ui "llhOu' iUIt9' 'A'
Tb,s sun, il an amount wlch il rYcsied at cent
viii yield annual interest equsi 10 hc h,ona % va ,n
up0n the general fund revenue the accounts np9n tbe
books OF this iepaltmtnt wlth ne gsicsai iu" 80 anu
the General Fund Debt Sinking Furd can DC ciosea
TIE STATE DEBT AND TIE CANALS.
By The extinguislment the debts before dcserihod
amounting during the last fiscal year TO S12l12543 a.
the debt remaining upon the State Is the eia deo
which on September 80, 1877, represented by ont
standing obligations amounting TO S9,oOO,36o, WIN
sinking funds amounting TO ~ 27O,343 IL mainly m
vested i'm United states stocks Since the close OF the
fiscal year (Dcccnbrr 1870 $sSO00O Of tins dcot mas
manred and has been paid az far as presced IN iseo
S675 200 viii mature. and in 1887 81 562,ooO VIII ma
tuTe The remainder becomes due In 1891 tS4,3o-ooo
in 1892 $50, 600, ,O00) and III 1893 tfl73,OOul.
The Constitution OF the state contemplaes that the
sinking fund established TO provide for the paynen, o
the canal debt shall be derived RON INC surplus
OF tee canals Owing to the eenei oil stagOaon In bls
ness aud the consequent competition for the eaIyne
tlade by railroads. the canals canOt earn nui iP de
Erie Canal has been successful fdT DeyGnd thc t%eGG
tions and hopes Of its projectors For long nue mau
the entire monopoly Of the carrying iiade, anu le & p
Dery 10 the sections Of the STATE throSh WbI
ee fa% cost e these wa S E"de ehac
upon the revenues Of the Erie Canal, %hlch
had monopoly When the Legislature gave to the rail.
roads the right TO carry freight without the payment OF
tolls destroyed The power OF the canal to meet tese
chaiecs BY this act, which transferred much fus
the canal 10 the railroads, IL pactIcaD abro
transportation policy of tnc state. In addition 10
Tie rivalry thus made by the state against It's own
itv 10 me extent OF millions Of dollars, ii also instituted
expenditures and kept them IN repair under the contract
such state that navigation very materially I'M
peded, hut they were robbed upon every hand .,
earnestly protested The combined influences of rail
road rivalry ana corrupt management proved desiue-
tive only TO commerce hut To all VINO engaged IN H.
ad d hdn g en G1 v T I fer its faireschng results
fcaul aYIl le res
channel of commerce to IL destroyed i0r uihnG
railroads to compete with other routes Is prepared to
the control # has, ana place ITS interests III th
care OF the railroads. VIII /; dc THIS in view OF The fact
thai the lailroaLs for whom il has sacrificed 50 much
have GcheIa!el given away part 0i The commerce
which belonaslO tie STATE Or.er to avoid competition
Is il just to destroy the canals under the prrtcxt of
constitutional pledge when the slate virtually aTo-
gated MI csc pledges ny divcrng the Of the
canals the railroads thus giving away TIE reecps
edscd 70 the public creditor II o,n sii'e II 10 retain @
The supremacy has achieved, II must iooS to the ere
Canal or greatest help. II Is imperative thst The toll
sheet shall be hNtd ~ mihhuh rae, WIZ no 'Ao''
tIouoi cacins from tbe canals more Than heir mss,
ana the expenses must bc reIcSu 10 'ie lowest POM
consistent Win safety IL Is IoF III US 10 ,'i'r'r
caun p1iicy From harrow staiipomt' lHe
future .. OUr state dem,nGs broad ana eonPit-
IT, commerce it Will only do for consideration,
and the consideration required Is cheap tlalispOIia"h
Them and il Is simple question OF prosperity win us-
not alone selfish prosperity confined 70 our own ho-
GcFs, but The general prosperity oi lne Naion' H. @
low tolls, we can cHcaieA transportation 10 point
could the expenses OF transportation, we Will
have accomplished much that VIII help toward gen
uine prosperity Something 10 TINS direction results
fIom DIE canal year 1877 Millions OF bushels o. corn
have passed through state. employing our ciiizens
dnd capital which, but Tor cheap ieighs, cpuid not
been moved. This cofn has been mainly sent
abroad, and tie country IL richer by every hushel 80
sent. T., making metropolis the main pOr; Cf cN-
port. insure ts being BE main port OF import as tue
imports NIL inevitably Ue received where return cargo
In ihc race Tor commercial supremacy. NcwlOrk must
keep pace with the enterprise o. tne day Phiadcaia
4iptcY
neCuCns and are reaching oui IN ell dHtciiuis Tor thc
carrying trade of the West We cannot ahofd 10 shul
the contrary, they should snnaie us 70 every exetion
', ~ ,'' 5nr hd Say hat The canals have 0nycd
their uscll,Iessthat they belong 30 pat ana slower
scnc!aio- all si0ns they are rcaGy to condemn
them, not by argument and facts but by VituIeraton
The water route carried gain froil Chicago To New
York during the past ycaT fer eight cents bushe and
The railroads money every brshcl they carried at
sixteen cents Tie deliveries oi grain, including four
al the ports OF Ncw-York, Boston. Portland. Montreal
philadelphia Baiimors aad Ee"O,itan., from January
fs77s e 7 sis rsrsa -i 81 81 S%ss "'f' The
deliveries at tide-Ndtcr. by The Ere and Cham
plan Canals. from The opening TO November
bushels, alaAst 2s..il.lOO bushels foT the cor
rcspoDdin period IN 1876 being an incrcae Of 1871
IN tlo receipts al ali Western lake aud river pors, and
decrease of l0J25O32 bushels Ia tue deliveries ai tnc
been a increase ia the deliveries at i!e-wa'"r y the
Exc ard ChaDplaiI Cauas. IN 1877, oi ll,7Hluo
the. usc'uiucss2
In The Grei wccl, O December, ls57 by water route
and railroads New-l0rA received 9lSg24 bushels Of
wheat and corn; baltimore received 37'','"l bushels
aud Philadelphia received 3.:,3OO bushels wi,a the
water route, NcV-NorA rcce!sed m0Ic tAan badnuie
and PiIacclphia together In the second week Of De
ccinLcr, 1877, thc water Ioue was closed an"
cciyed 74i9C5 bushels AID Philadelphia received
sOG406 bGsnels; in week, New-york, W.tl-
as Pmiadclplia and baltimore together, received
about heli as much. In the third week OF Decenper
IA I.fffG al
Jj00iJ bushcf, baltimore fccc.Vtd ebT1io hushcis
and Philadelphia received $4,000 bushels. with the
water i0utc NcGYOlk received oyer 30 o! cent OK The
wheat and corn; without II. III two weeks, II has
to be eontenied with lees than na 80 per cen,
VIII Ike vairr route Nci-Yoil received 9ls92l
bushels aud Baltimore received 5s7,304 bushels. WIN
water route closed. Ac~Y York received J1G3lj bush
cl and Baltimore received eG7 40 bushels two weeks
;b ,, w. 49,, rnue ccec ,vr,s,L mo rrcrirts tc of
two ccc The question naturally arises as 10 the reason
for this great change.
why Goes the business which employed the capital
business men and abo"crs OF Ncw-fork so fUhdrlll
leave state 10 give prosperity TO Maryland and
Pennsylvania Baltimore las only single track road to
depend upon, while NeW-IoIk has. IN addition To the
Fr!e Road tie four tracks OF the Ncw-N0rk Central
Ihe fact is that the prosperity and commerce OF
state il deliberately given away ~ The discrimination
fitness when Il protects MS foi seven months of the year
from tins discrimination and ITS resuitsi
temporary closing OF the water route instantaneous
ly transfers and prosperity 20 ncGhhorng
States II wonld seem a. II nothing more need he SAD
TO demonstrate TIE Importance Of the canal or to lead
the citizen 10 watch ana guard IL with Jealous care
STATE PRISONS AND CHARITABLE INSTITUTIONS.
The state to be congratulated on Tie result Of the
reform in It's prison management growing out OF the
recent constitutional amendment The superintendent
OF Prisons was appointed in the middle Of the fiscal year.
and is therefore, impossible 70 BRING the result oi bis
atOgs before cOnciscy Ine year cnding september
80 1877 shows decrease ia the expenditures In com
parlspn with the previous year, OF f211,9l1 ~,
and increase In the receipts OF %7S,74G 10. The
deficiency for the year ending September 80. 1876,
S7ol379 -. Tins pa.t year the den
cheney mas reduced tU S300.6os Os. There IL
every reason TO hope that under me present