New-York tribune., 1880-01-07
THE MESSAGE.
STATE OF NEw-YoRK, }
EXECUTIVE MANSION. :
ALBANY. Jan. 6, 1880. }

To the legislature:
In obedience to the Constitution, information
relative to the condition of the State is herewith
communicated, with such suggestions and recon-
menda.ions as are deemed expedient.
The year just closed has been one ofincreasng pros
perty and encouragement. With the resumption OF
specie payments by the National Government and
the restoration OF sound financial basis there has
been marked improvement in all business affairs.
Renewed confidence has set i'll motion the current
of industrial activity. and willing hands have had
ready employment. Ample crops have found eager
markets and agricultural interests have abun-
dainty prOspered There has been unusual exemp-
tion from disease. while peace and good order have
prevailed within our borders. Seldom indeed. has
there been such cause for thankfulness. May we,
as a people, have realizing sense of gratitude for
the Divine favor generously bestowed upon u.s.
FINANCES
The finances of the State are reported to be in
satisfactory condition The operations of the last
fiscal year and the general condition of the State
treasury on the 30th of September, 1879 are shown
by the following statement:
Aggregate balances in the Treasury OF all
tine funds October l. S4,29jSs3 %
Aggregate rec pts during the fiscal year 80.
ending september 80, lSIS.........-. l2,S02e44 -
sl7146s2s ~
Deduct payments during the yoar.-.... l2,62e472 Oh
Balance in the Treasury. Sept 80 1870 $4,51s3j6 IL
The amount of receipts into the Treasury
on account of the General Fund revenue,
Is7"s Is7a 'no ''.............. S7,1Ol 9G4 40
The paymcnis 7,l91,533 90
Apparent deficiency. Sept. 80, 1872. Ss9,5G9 20
SUPPLEMENTARY STATEMENT.
Ralance due from County Troasurer,, Sep
tomber so 1879, on State tax OF 1873. S147.0s4 GO
Add amount paid on account OF 1873, ap
pTopriaiious included in tax levy of last
YEAR payable IN state Treasury in April .
and May, eoo'oo- 10
sos3,336 81
Deduct apparent deficiency
of the revenue, september
80. 1870. as shown IN pre- o.
eeding statement. -........ Ss91C920
Also balances OF ieis. aP
preparations unpaid andln o-.-,-
force September 80 1879. 274,725 50
Also balance OF 1879, appro
alton for New CAPITOL not
Included III tax leyy....... 2l7763 90 .
Actual surplus September So ls79 siO1 27s 40
DEBr.
On the 3Oth September, 1878, the total funded
debt was 50, 154, ,O54 81, classified as follows:
Gene, General fund. eo2oSSa o2oSSo % %
Rounty ............ OBSERVATION-DISCLOSURES. 11.OO0 90
$9,154 ,O54 81
On the Both September. 1879. the total funded
debt was SO, 122, ,05i 81. classified as follows:
General fund sdaSSgd d5S 5ed 81 80
Canal o',I'ooV 600 00
Bounty iI'ooV w
S0,l<ZsOO4 81
The General Fund State debt is all paid. and the
item of 1922 694 ST. included above represents the
amount required to yield, at the rate OF per cent.
the sum necessary to pay the Indian annuities The
balance of 81 d, 900, Bounty Debt for which funds
are provided, had not been presented for redemp-
tion at the close of the fiscal year. A balance of
SI45I62s 4s in the Canal Sinking Fund, leaves
the amount of Shat debt unprovidod for September
80, 1879. Mt 81, ,o36731 80.
The State debt on the 3oth September.
1878 after deducting the unapplied bal
ance OF the Sinking Funds, amounted toSSl3 90
On the 30th September, 1879 uncludipg
Showing net contributions to the Sin king
Fundsof. ....--.--.-......-..----- @4b'SVo oo
The aetuaI rednction of fhe debt during
the same period by cancellation being. $4,000 90
TAXATION.
For the fiscal year 1870. the tax levy was at the
rate of 2ssS mills which Is expected to produce
the sum of 81, 900, 416 81, while that Of the pre-
yious year. being at the rate Of 2slo mills, produced
the sum of 81. .941, ,2o7 e4.
Among the questions which public sentiment will
press upon your attention, Is revision OF the laws
for the assessment of property o basis of taxa
fion. The laws in force are imperfect and un-
equal in their operation. BY unjust determinations
enormous values of property which should contrib
ute fair proportion to the public revenues are al
lowed TO escape taxation, thus imposing oncrons
burdens upon portion Of our citizens. Perhaps no