The New York Herald Newspaper, January 2, 1854, Page 1

HERALD. WHOLE NO. 6342. MORNING EDITION-MONDAY, SMNUARY 2, 1954. PRICE TWO CENTS. THE NEW YOR = itself, and {ts annual interest, must now be paid by texa- | On the Ist day of Ostober last there became dues | canals sting provisions of the constitution. | Com; "6 honda:-.- make 8 declaration which madjects the lasts IMPORTANT STATE DOCUMENT. | tics. Comptrotie.’s bond of $10,000, also part off the Genaral Fessurity for avy additional debt for | Bond No, x iasued. per hep. 226, Laws of 151%, sold in 1852 to the taxes of 1846-6-1-8, ESTIMATED EXPENSES OF GOVERNMENT FOR THE FISCAL YHAR COM- | Fund debt, which bore an terest of six percent. Itwas | canal instrament. Ite gradual and red Ist Jury, 1866, 6 per COUb. ..eeeree+ $64,700 0 I recomment, therefore, the of a law declaring serve ear’ MENCING ON THR laT OF OcTOUEE, paid by the is.vue of @ pew stock for the same re- : to was, therefore, anes- | Bank Cy cite parebaaeed es tio encae sales forthe 1449; THE FINANCES OF NEW YORK Salaries of the ofioers of government, and of the clerks of the | Joemabe in 1808, at au interest of five per cout, and for policy of carrying forward the work | Certificate isgued on secouns of the Bank ball take thelr ceeds subject to the the taxes . mublie offices... nay ; nue Age gi ‘. me Aart Fund, redeemable la February, 1553, 0 por cent, 49,913 51 | shall take the Pit celery aera Salaries of tbe fide of Shi iit it Appeal 0.009 | Which # preminm Der coat was reoet Bathe more sanguine friends of a | und. rede ; Balary ofthe clerk of the Court of Appeals aad olark °° rr Se wates oF ann 2.000 00 |, Sachs provision will be just to. all Ita ot lary of the o 3 Annual Report of the Comptroller. | “ir7 ts Sabre leriy mae’ 3 «60 00 we X 12,006 78 ke. ac,, 0. 12/000 " ‘ Statio B00) They eg een , mn Annexed gs the snaual report of Mr. Comptroller ‘or 1300 | ticm to pay these two debts, without which the money Wright, embracing the financial condition of bes — at 100,000 | raised by the new loans contd Mi sot be pais from the & tres- me 98,915 01 close fiscal year. Itis « very ia’ foo | Sury. was are are an 4 co thatent 7 ~ line appropriation in 1863 to meet the debt maturing on the ate eee eine BAN tae ek, THE REPORT. : ee 2 1.0 | troller to posthoue ite protapt pes eent eh ibe timer Amount tranaferrod oni tho Gonsrai ©" Stars or New York, } Expense Lityaty, including removal... 3,000 ‘Tad high rate of preclies’ ant. tae lowaate of 1a Fuad revenue for interestom treasury Comptroller's Office, Dee 31, 1863. Hagtaess of the Pinte Lenahas testons tak scapes: oO at which these leans were obtained, show the Sere en seme ® O98 a 00 8 Pursuant to the requirements of the Revised Statutes, ts. “ Sarre 8,500 st confidence of capitalists in the value of our State Amount Bai from the treasury during th ie be Comptroller has the honor to submit his a ‘ ending Wth Sept., 1853, (seo statement 4,658 4 ANNUAL REPORT. soe | *mouet Isaued, in 182 for the Astor debt, per Balance of revenue in the treasury on the 30th AUP Tne funds of the State are designated ss follows, vis.:— ho | se bis at Tie ; reve cea 8881800 ) The fev Gf this ‘ad “ie “ctinisted ‘toe ‘the current General Fund; 200 Tey, ~ [a 19 paeeaee Sinking Fund (created by the constitution to pay the ioe Heal Comes the pagment of an 0 ee Tattieas am cena, ras Se public debt); 2.000 | from the epecite funda, due Tat, January, 1343, forest on Bark Fund stock. et 2,994 00 1 Fund: ‘Kepenses of redeemable let January, 1855, five per cost... .. 318,107 00 Eo Ao ge this desrease in the | Interest on monoy in the treasury, 400 00 Common Sehoo! Fund; Transportation of Amount oruod to the Ithaca and Owe Railzoad ¢ the consequent dirinution | Dividends on insurance stock. ..... 290 09 Hteratage Fond: I wy aes se tet Peer 2 pg 3 tntrekcerment, trethe United States Deposit Fund; ‘OF au » he. a a {3 fant com, r. e-4in the carrying of freight, and ‘And the Trast Funds, which will be notios?. 8D) | Spur cents redeemable lis Year eh ao oo ly ingaeshen exper se of suptrintendence and re- | 4pprerristions from the in “serene rem i te coaace af Gac MS™-%) CaeisRiN ha Sa ct gat ase ‘Thin is the fund set apart by the constitution for the Railroad Company. im 1838, 1839, and 1540, per id be stated. A ppropriati payment of the ordinary expenses of government, and all cbap, 240, Laws of 1835, 5 pur cent, redeemable ‘Wher the from the seversl roads, of their busi- | Dividends to seade: ie 1100 | as follows:— For the purchase of text #ppropriations of money made by the Legislature not spe- ess, “ Predirge oe 5 ae Fay enol va hoes meaty ee a for academies This fact ia stated 28 an additional reason for the inter- cifically charged upon and payable from some one of the shoo | 1800, character of the productions of the country which seek beatles os al dna resslieds fiom oo vantan eiees other funds, are properly payable from the General Fund. | Normal sohcol, for eu port & beled eee 200,000 00 | @ market through the more rapid, and consequently er care, or from any act of the purchasers themselves, A reference to part 1st, chap. Oth, title 1, of fhe frst | Contingent expenses of the 2,400 + | mer Proftacle, transit of the various railways of the, but should be ed to the neglect or mistake of the part of the Revised Statutes, will explain its character 9'629 ‘ing Fund, redcomabi In estimating the remainder of the canal revenues as Legislature in omiti to guard seainat the contingency # 3,000 | ce by Deere 483,951 02 of an interference of the Comptroller's sale with the coun- _ and objects, ‘tate debt to create the School and Amount issued tothe ‘New York and Erie Ra the basis of farther debt, or for expenditures upon the ty sale, and the physical impossibility of performing the In my lat anal rept I neommented ht ney eee | ee ars Seen ee inet iat tan taveaterie sonatas | sree aiaeperyt mas ovo tae Sot of the Legislature making an appropriation of money, | Expenso of the Onou 80,000 |, deemable ae follows of $400,000, to be applied to the Sinking Fund setapart for | Comptroller's bonds. ps: Clerks placed at the disposal of the Crmptroller. aid should | Copies of reports of the Court of App: 434 Per cont, 1850 the psyment of the canal deb’ "1854. Money in the treasury. * _ Tasation. ‘the partioular fund from which it was to be p ‘varal county clerks. . 500 | 5% per cont, 1360, phat ty oniagee ents Bey ape ——-_— | Theattention of the Legislature is again called t> the be stated, for the purpose of protecting the General Fund ads. +. * 3,000 | 5te Der cent, 1361 00" ai , ApPro} &® further sum of $1,014,620 71 | gudjectof the moi pel railroads. As-no well settled rule from burthens which should properly be borne by other | [cePicain sppropristion of 1852). Bite | 6 Berceae daos ph A on Revanue. exista upon the subject, it is proper and mecessary, iu or- funds of the State. I renew the recommendation, and We T's J ee Tebae TeMey om the BAN BOP: Ao 39 der to ensure uniformity in the principle of assesment as erg to oe) su; oe then Lae oe the necessity 5,000 denieiain 8,000,000 00 4,858,268 05 nt tat ihe tre ary ie epplied to poorer t mote! opin gta declare, ri ou @ course jon. iptroll honds. levied year ep L3 jept,, express at w rm vern ajassessore ae pease oe 5 por combs tenued por Revised Statutes pt pip Teddy opeaicue Statement A) j27aTe a 12 ansounlng The eal estate of those companion Revenue.” : hoon deman. are materially reduséd. ‘The Comptroller, with the ex Vpktg oy pag ae The general yrovision: of the Revised Statutes ia esti. Deficionoy in the revonue on the 30th Soptomber, Asylum for Idiots... ... 04g por cont, insu periexce of the past before im, cannot ‘anticipate 7 g,104 08 mating the velue of land, do not a) tobe iy 1852... anes ‘$183,848 53 | Orphan Asylums, N the treasury fuch reduction. applicable to the case of the real estate of a Amount of warrants drawn on the treasury on a0- For the establishment of sch 6 percent, iai It in obvioes, then, from the above exhibition of the fer an erroneous pay: yet there is no ether rule of valuation. A farm has a ‘count of the general fund, during tho year ond- ay | rose 2,000 | for loans to the tr cond and thie existing cs n them, that | , Menton account of the loan of 1810.. 12 75 value by the acre, well regulated and understood in the ing 30th September, 1353, (s¢0 statement B,)... 1,005,106 32 | Draining the Cayuga marshes. 100,000 the Railroad Sinkia; bikrr-nare ig charges upo sree} Amount transferred from the seheol town where it is situate. It sells from day today at @ Armount transferred io +h} followiag fands for a Improvement of rivere epee 18,300 | on demand. wt pes KG ay: nin eg peeermeey sien: content ted = fund capital for bonds for lands..... 1.823 La so -| market price, varyin ding to ita location, fertility, JAMOOUS. 206 cont, issue ir Revi orTo’ aged ———— $2 75,707 30 *| "2 }ooor n x ending S0th Septem: 58 Fo" 1e45," for lobe’ from: remainéer of these cabal revenues: for its repayment, or | Amount cf paymente fromthe treasury duriagihe™” "| and productivenseas A house or lot in = Giyp Total....... Fund, pays demand. rather, any scheme tq enlarge the canals by wing year ending ‘Septor 1853, (nee atate- or lage cam be sold for a in cash of s eee S145 60 Amount of deficiency pee eens ies money simply uj ‘estimated revenues, without the | , ment Bri 607 11 on credit, in Faret of a debt, and that is its assessable 104 08 Fund on the 30th Sept , 419,213 | ~ fn 1858, for money simpy ee Ee 6 faith of the State’ must evita, | Amount tranticrred to th e value. What is the cash value of a railroad in the mar og | Abtount to be paid to the Can posit Fund, pay per LU te, must evita. | “fond (er diminution in the loaseunder ket, and how much would it bring at public or pri- Sav ro, 71088 85 | of the State tax in 1854, by chap. 631, laws of 1853,, 625,000 | 6 por ceab, 7. bly bave prostrated the value of our State credit athome | foreclosure of :mortgexe. » + 850 00 t in tof a debt? Hi the Amount of warrants drawn on the troasury ro- —— im 1846 for = loan te th and eo itrelf must be pail by ultimate ———._ 46,457 11 | vate sale, yment a del low can asnensor t maining uapaid on the 3th September, 1363.... 239 3) | Estimated expenses for fiscal yoar commoncing Oct, 1 payable st October, 1853............ 10,000 0 tazation. it to the firmness of the ads Of a sound | Balance of revenu the treasury en tho 30th arrive at such a valuation? What standard or regulat = 1853, to be provided for... ........ ,972 922 | 6 per cent, issued per Revised Statutes, State credit, and the tre friends of th: t work of en- September, 1853. «s+ess+s. $29,250 69 | price can he find to ascertain such a valuation? And ‘ 1,220,802 | gerIMATED REVENUE APPLICABLE TO" TH ORDINARY EXPENSES | {n 1645, "for @ loan from the Commis: ging the canala, arithe people indebted for that! imaied' for the ourrent | according to the rule provided by existirg Jawa in Amount of receipte into the treasury O¥ GOVERNMENT FOR THM FISCAL YRAR COMMENCING ON THY | sloners' of the U. 8. D m4 = zach oe “se to realestate, the assessor must, in some ascertain Tog the yea ending “Sith, Rernates, Ist OF octoneR, 1868: ¢ Columbia count tare in the eonstitutionalamendment which secures fhe | Interest on toans on mortgage in tho several oy | the value of the railway, as other real estate is assessed. 1666, (cee statement A.) * 769,273 6 . | State tax, (not procce I 116, fo Fovenues fail to moot the taterest and redeem the princt beni wake Tito | The attempt bas produced much confucion, and litigation Amount from the General Appropriations from the Comptroller in trust f al. Good faith on th¢ part of the Legislature demanded on Comptroller bas followec the acts of the assessors, imposing upon them Fund Debt Sinking Fundffor interest rere ware Acadewy, payal shat there should be noconcealment or doubt as to the | Interest on money in tl great expense and trouble fer attempting to discharge @ mneys due*from said fund . 4,080 21 Bale ranks 6 per ‘cont ued 10 of payment of thy §$10.000,000—which this amend | Sales of lands 1, duty mot defined or clearly regulat under the Greene | Amount ferred. from the 1 Cp PG ES 36, laws of 1848, for moc ir , laws. Ido not feel warranted in m1 iting a principle Fund for bonds taken during the year Arrears an U. 8. Deposit Fund, ment will add tothe canal debt of $17,000,000. | rota... ere RB he rd . pong po hy ee Ts Oper t to know distinotly thatit must | Approprisiious’ payable dutiag ids same period, tne of tha dutaes of the Hapreme Cotnae Gane : f “loge Reet pad ances owed Bp orm aa astoe trict, laying down a rule ct asceesment’ upon, ralitoeds, 527 55 Tre confident hope is bow indulged that the enlarge. which I felt bound to follow in the cases_whore assessors redeom: vat, issued por chap. 37, of 60, anc chap. 1348, for the benefit of the Stoe 801,139 54 Deficiowsy of revenue on the 3th Sey tember, 1853.$419,212 96 sought an opinien from me, until it was reversed a higher legal tribunal or the Legislature. Mut, notwith. standing lege! decision upon th it, the assessors ment will be carried forwprd to an early and certain comt- pleticn. It is based upon sound system of fuanco—the revenues of the canals first to be ment It will be seen from the above statement of the condi- Indians, payable at pleasure, 36,000 00 at ages the nodeyt : throughout the State have experienced great dificultyitm tion of the General Fand, that there was a defisienc; INDIAN ANBUTTTRS, gles joney faye Lae work, ie es altagther.” and in many instances have die- “ef revenue to meet its payments for the fiscal year end- o ‘al A + required, if invested at 6 per cent, to pro- shall depreciate the see raed decited by J Picks westie tis, < "BE Beptember SOUR lash, of $410,212 90. -At the alone of | Iatert om Woasury dapoites Guce the ‘um of $7 561 O, being the amount of valine of thaie seguzities, [bia a ronree of congratulation 920,200 seat of te neal itatennte salltted se tonoron ta sanuitiss poyable te sundry Indian teines. 188/00 87 | S68 Sih ee Serre lol ob eniectin atateactal wekas | Premises bid ia for the Btate by the Commissioners of | eesensues exe to cecertais tee rotor ot land, and, the Amcunt of the General Fund dott Sop 30,1888, 655,000 67 | oceute je. its completion the source of | the United States Deposiie Fund, under foreslosure of | srections or bxtares thercou, irrespective of thornton Ascent set 7 hor fe wo uaa, pe pa tani individual gain, are to be | ™Orgage, which remained unsold by the Getmicsioners | ation whether the road is well or ill managedgor whether \t je of Ningent State debt, expenses of the government | tne General Fund to meet the same for the current fiscal t D.), bee of the Land Office, on the 30th September, 1853:— it is profitable to the stockholders or otherwise. St timates, and the appropria- year. It willbe observed that there is an estimated de- Amount of itis Canal debi. under constitational guarantee that che lowest re- i P other ala ‘an increase for the last sear of the su ate soos Sis ements exhibit the estimates spi An inereased deficiensy at the close of the last fscal | oriinsy sxperes of the government, and the revenu 122235 600280 16 sin No. of mort, When bid in Principat | prcperty in to be appraised in the sane manner es the cat Hone by the leglalatare materially reduced. | eienoy for the year ending the 80th day of September | Canal revenue certificates, tinder the few cf i3bi.1'c00,000 oo | spomeible bide, are to be scaepted. Tile will securo an | County vi Tae” | Jroent land, beicngieg. to individuals, and ‘without rem- mont for the fecal year was $821,635 16. ety he peter lenenerh Total debt of the tate, absolute and contingent. $24,285,605 95 | the honor of the State from a repetition of the unfavor. 8275 | rence to other parts of the railmay. The sctual sum paid from the treasury on account of | The estimated ipts are 2 STATE OF THE TREASURY. able results which followed a departure from this just | xseux 100 Hudson and Berkshire Railromd. , tho Omecal Fund, for expenses of the tovtranent te ep, sie 179.080 0) Satance in the treasury 177,878 08 | principle in the lettings under the act of 1851 Montgomery | | in) | The loan made by the State of is credit ia aid of this pears from exhibit B, appendix was $969 339 82, maki Estimated deficiency September 30, 1854... ... $192,202 24 | Amount received into ti The accounts of the debts, revenues and expenditures | Now York... Giference between the onimated and act The receipts (rom taxes, estimated ‘at $1,200,000, ar+ + ti a of $147,604.67. The es‘imated receipts for the aca based upom the valuations of real anc personal estate yoar ending 30th 180,840, and the actusl receipts on account of the Gene- | made this year. The returns from all the counties had fa Meetcas $169.278 53, being lees by $20,561 87. Ex poe seen ae bees ae report waa prepares, append 9 the amourt ant character of Ne pew roe » marked T, whieh coatsins The valuations of the year 1852 are taken averal Funds; (nee tate eptember, 1,400 | road, being a atock at five per cent for $160,000, payable mene 800, tingent in 1801, is placed with what is called the ‘Con! Dane of the angi See appendix D. t cannot, any longer, with propriety, be regarded as @ contingent debt. The reed talled to pay the fatoredt due on the first of July, 1862, and has not paid it siace thet time. The annual’ interest being $3,150, is an actual charge upon the ee Fuad, and the whole debt muat 2,356,653 29 | of the canals are not kept by the Comptroler, and do not | appear upon the books of bis office. 'y are kept by the 2,534,026 33 | Auditor @f the Canal Department, whose annual state- ment of their condition Te ernertned to the i Feety ot gives the detailed exposition of the Gnapces of ihe cavals. The following results for the year warrants drawn on tho te: sccount of the several 1u: vemext B durigg the r ji -| for those counties from which no returas have ye: have been by the Comptroller from the Auditor : be paid by the State On the 7th o: January last, I ad- ~fesnged tho enlanates for tae tel year, 'Poe'tyo prio, | een made.” Tae valuation of the year 1052 vai | Stitt! er”, verined the read ants appurtenances for fale foe ane items of increased paym ¢ for printing and | $1,168,826,237. It is estimated from the return: Erie canal enlargement, Osw-go otnal. .,. Chemong canal, payment of inter A State prisons; for printing, the e: + @nd for State prisons. $71,606 83. T cosa 18657,50) 05, | fOr this year at $1.200,060,000, being an increase 0° nthe State deb: aud on its bond, by ws aggregate excess | Dearly hap pr O’ this sum the city of New York 0, virtua of the provisions of the acts chap. 178 of the la Fig 10 | (£1840, and of ebap. 471 of the laws of 1847, y al 3 urniahes $60,000,000, showing the growth in a:sessabl: henango oanal,. 31302 00 ’ eRe * Before the Cay {or the salo hia’ arrived, the bondhola- ceeded the payments by $109,652 02, ns shown by stata. | *¢ry far below its actual increace The tax of one m canes eee HO 84S 86 poof hey a pata tr time, apd it was postponed from the 234 day of July to ment No. 2/and the differance, $117.04 Of, Is the aoreai | be levied this year; wili produce $1,260,000 upomythe erti. | Balance in the treasury on the 30th Sept135%,.. To provide 5 per cent redeemable in. 1855 the Joth Cay of September last. Eavertaining doubte ae sum paid bevond the estimates for the year. mated valuations, The net reoeip:s are estimated at | grarmuento OF BALANCES DUE PROM AND TO Tae TREASURY ON ‘of the 3,053,344 10 | 6 per cont. re in 1s, to \ha constitutlovality of the ast of 1847, { obtelaed » *'the Comp: roller eanaot anticipate, ta his estimates for | $1,200,000, ft abana Tux SOTH suPTENER, 1853, Te Bey tghenee 750000 00 seony of whieh hereto auckted me ked te ta J ‘taxes returned by coun asurers, pans . 000 . w the, poor, what extraordinary 7 aipropriations may be | the adinated Gcksioney for tha eotreet of slog: | onaninet Fond «290,481 47 For the Albany baad@... esses. +__10650 49 | Stock intued.on aceount of the Bank Fund, re m that be is olrar and decided ia the oplcion that oe er of legislation for some yeass past | 292 94 must be carried tothe account of the fiscal year Revenue. 05,577 We ‘Total canal debs paying interest $15,001,100 16 | Money in the treasury. sateen od at tis unconstitutional and void, and that the das bern towsréee vecy libscalase of the publls money; | commencing October 1, 1854, The three-fourths of a mill 194.000 57 | pigend Ohqummarecanliraet pevticg latersst eo ies TREE Chg ~ | cece of the sale of ths roaa must Se paid into the Siak- ‘and hence it bas happened that the estimates from this | ‘x fer ear will hagas eee upon os Torco) ba a) mi rature Fund:— department bave faliea below the actual appropriations | yelua‘ions for 153. If this estimated defi ; ” by the Legislature, acd the deficiency of thevevenues of | $192,292 24 fs deducted from this amount, there will re- Ber rR Total canaldebs.... .. 110 SF 55,108 52 | Canal revenys certificates. syment of the is opinion wae unsatisfactory to the bon ‘tholders, and they have insti- secieme eosiemeee $73,143 31 | tg Fund, instead of betng applied to the o 35h, LONG ISLAND RAILROAD COMPANY SINKING FUND, bonds issued under the law of 1847. T following ite; nin the eum of $757,707 76 of the avails of the three- Se Pee bond, payasle on deman: tuted suits in the District Court of the Uxited States foe Fepmen foaotual arouses of gayetameat 06,30 a2 | fourtua of mill ax tobe appog Yo, the expenses of -» Mag2 35 T September heaae cee rerenne cortsenten, 20 coy aa9 10 a coe i’ ae ast S209 | tae Northern Divi of hie Stn, to tnt th question ‘eetim: penses Eiase’ t for tl jear 5 gum, together . srees 20,260 69 a hdd seit th cans was ee 7 of the constitutiozslity aw, ani com po amy pe ay dearer Sith ths ether ordtuary ecuress Of roveaee to the "tens: ——— 4,489 04 ROVING 49" EXprupervnm! oF THE MHICAL. YEAR, Sun We 137 Oo | Comptroller to apply the moneys received upon the sale ral Fund, will be sufficient to meet the expenses of the 166 81 Fi ie, 1 f xt gs d miscellane- —- | to the payment of the bonds. These enits, now undeter- eras ete ej - goverpment, and justify a liberal appropriation of the 1,25 re Tre: Ont milorellane, a sas 5i mined, ip charge of ths Attorney General, and the ee [pt mieten communi: he ; Teas moneys of tha State to ite numerous deserving ob- To the Railrond Company Sinking Fund 1,419 10 ne \ Payments, aba : RAILROAD COMPANY SINKING FUND, boy er tntent Head Lapsed pe ae on a —_ Infur, that the defclency of the revenue of the fisal xe ton paties ot tne Laglantene eo peoriee vin disses ubure and Rachesters... 01. nat For expenses Mpc Preset eeale nine eee Ce of the eauses, in which ap iojunction, restraining the sels, mame! C 0" wi 6 + LOS 470, Aetog ths moose tn the treamuty belonging to otuor fends Stion of tno boar, and tos pect au harssotere’h dea: ine lalnad, or “Surples test wi Waplew thcull be declared etedeuittacist by the “of the State. It is’ diversion of these trust fands from | ciency anpually to occur, to be mupplie by teking the jimanping Amount seb Court, it will prevent a case of great equity ia favor of their appropriate use b7 the financial offcer of the Statef | ‘ened from the epecife fante for orntanry expenditures, te these bondholders for some tive provision seen te a sine end Ce crn Promptly Lg ard whieh, in the end, can only be repaid by increased nd mortgages, 7 por oe the lone ot hae debt, ane sare parted with helt me- elaims A reserve credit in the tre: ferret 3 ite of the Sate, but which hos, and may hereafter subject him | *®A,barhensome taxeilon, | hapen te s ‘ tidal pol ea pon hers sar) aw, 0d chenld Be # toupjust censure. It will continue te exist, however, until 1850, has been lasroasing from to year, until it has tothe jetion of the $27,821 46 lonial Iistory the sag oma nf sitions within the esti. | now reached the large 219 96; and to. dis. fant, Black River and Genesee 1 ogg gq | M004 Cals ION MINING AND MANUFACTURING COMPANY | The publication of the docoments ia the offce of the revent provide. taxa! ; resource: Prrrrrrerrrr trie 220, | SINKING FUND, ; fomeat ts Ueral appropriations ct mouey.” Tae Comp. | SMMFEC/ wt the olner extracrsary barthene whieh This fund cones ? tad wich, when touplred tobe callot to cee oe aay, Caner noms, maybe‘ upgte: Lopislatare were compelled toad three-fourths of « raill BcHoor. roxD. State stock, History of New York. was suspeaded on the $61 Maree, tiated by Legintature, without reference to the means toaxth half ¥ pital, Comptreller’ y “ — i ; and while the specific funia have any revenues | ‘© the proeent one ‘ourth fo: the year 1863, and ons: rent year. ‘This fund of the following Items, viz:— lant, by aa oréer made on that day and signed by the Gov. naire in the treasury, the Treasarer will contiane ¢o | mllfor the year 1854 It these ample revenues fro the CANALS, THER DERTS, REVENUES, RTO. Bonde for land , tate, @ copy of taxes thus imposed are faithfully applied to the paymon: It 1s @ source of just pride to the le of the State Pe ee Tra ertibit auaucliy the inerenciog hedeteadone, | of thin existing deste {ney, and the Intention of the Logis: | that thelr noble. avaten, ot internet barbara state . of the General Fund to the other fuods for the m: fag wise ed Whee Borel voon iad wih te General Fuad, | continued to yield an jaccenaing revenue, and to faruish or, Comptroller, and Storetary of Fiaar as | "let ts hereto annexed, marked @. Te same of tan company ba ne sang anal | eqrtanuacd res Seah tO, Bends fer li Loan of joney from enew prosperi “Corning and Blossburgh Railread Company,” per chap. these jus isaproperly uses, ant ask the Legisheture to meet | its present embarrasments, and the rpouite fants be Te- welts,’ worwtoasotong it hen ‘susounted eratasios 90, Lew mot 1861. And by the same tet the two per cent publication of thoes documenta, (3 ra: 176 Laws of 18401 the taxation. imburaed for their advaxces on tts behalf. and hindrances to an onward progress, from im- payable annually as @ sinking fund to pay the pricci Was ® provision requiring the State officers, who were + pit ina gratifying fact, connected with the Legislation of | ““'rnere in added to the expense of government ia the os provident legislation and the conflicts of parties It in of the stook issued by the State and loaned te said com- | charged with the execution of the law, to declare what Eee eee aubtedaces Be re Tees tae to, discharge | timates for the current year, the sum of $625,000, paya- | Xamitted new, by all the true trienie ct the canal i 1861, 5 por cent. pany, Is Ceferred to iat January, 1860. portion of these very voluminous manuscripts should be this existing indebtedness by the imposition of am addi- | 119 trom the proceeds of the mill tax under the provisions of | the State, tet if the weit ‘adopted in 1826, of appli 2B bx SCHOOL AND GORPEL FUND OF THE STOCKDRIDGE IyDIANS. rinted, before any eontract for printing was made. This tonal tax of % of a mill, making one will for the cur- | Chapter 51, of the laws of 185 thelr suryina repdnuee eralred meek ion Ist January, 1865, ‘The amount of this fund is invested in & Comptrol- Provision in spe ait was untocherdly Rate tee mee cee rent year, ide against the fature defisiency by | vide means to pay Sate debt», and to support the govern- | Leet, Saaen, bene ones weale oh thie tos tebe 199,200.96 | let's bond, payable at pleasure, 6 per cent,.... $10,000 w | B ve of limiting the publication to each portions of "the -am adattdoeal tax ‘of 5» ll for 1¢54 ment for the ficeal year commencing October 1, 1853, and | have been cotopleted, without the adaidon of wey cay : INDIAN ANNUITTRS, Dacuoctipts as the Sate offoers should Seem edvteanee It remains to be seen whether the Logielature will | (oP other patposes.”” ‘ * debt. This prt a rinciple was abandosed in 1890. Y, payable on The annuities payable to Indien triber,under the reve: | for information or use, a4 connected with our colenial Hants te eppropristions hereafter to the means provided | "the drat seotion of thie law provides for levying » tax | tke system of borepuing airway Sook tie place, and th 6S 9 yal treatien with them, are as follow, history, and contemplated a selection to be made before for their payment. teoe | of thtee fourths of « mill; im addition to the existing ons- | sepull\s that the eanal deb then was less than 5 . S22) op | the State ehonld embark in the expensive enterprise of Texation is Sinn? a siarp remedy to be used bys {re® | fourth ofa mill, mavieg ia all one raill for the fiasal year | $2,000,000 after deducting the means on hand applicable Lege of Pay 24 Wy | bookmaking, A contract was made by Gov. Hunt, Seore- govermment, but & salutary one for the people. It be- | commencing Ostober 1, 1863, and one-half of amill for the | $s'ite peyment, hea grown, in 1863, 10 817,000,260 16, and ‘New York, the 2,131 9 | tery Morgan and Comptroller Fuller, with a Vom comes necessary to apply it after s long course of govera- | fso9i year commensing October 1, 1854. the enlargement not accomplished Ia 1846 the been assumed ———— | Benthuysen, on the 20th of November, 1861, to print 6,008 and Its effect is to arrest the serious | “Tne seeond section directs the Comptroller to Invest, pec ple asveinpied im convention end framed @ constita. per dy oc ate teied aes tibiie cosy 00 copies of each volume of the wort, without any limita- attention of the, taxpayers to & consideraticn of the | srom time to tims, any money of the Sinking Fond, not | Huw bier it ses hehorea he pee are ple remedy gy IES : tized to prBdiice die ‘Aaiout’ of the above | tion upon the quantity or character of the manuscripts, Causes which protiaced the evil, ana it saggests the only | +6 exo9ed $800 000, in the tax to be levied for the “seal | jartoe seanuetene eect ee the abandonment AE ad di Sannities, at 6 per cent is $122,694 $7, which iautated as | and obvieusly without any previous selection of any relief~en honest administration of the gorerament, ands | 54.7 ccmmuncing O:tober 1, 1868; en the proceeds of the | {ine srenn enue policy existing in 1835, It uader- cette part of the Geveral Fund Stave Det, ticular portions. This contract was by Me. Va 1 Just coonomy ia expendiva a6 same, when collested, are made applicable to the reim- | tock to furnish the memos to pay the large acsamulation loan from i MISCRLLANFOUH Benthuysen to Weed, Parsons & Co., on the 33d of Decem~ san te eee burr ment of anid Sinking Purd for the amount advanced, | of dent which rerulted from the o wise f the U. 8. Dep: Sales for Taxes of 1846~8-7-8. ber, 1861, who commenesd the publication of the work peng be and interest at the rate of 6 por cent. ‘ provide a certain, enfe, and of Columbia coumty in 1545, ae 86 16 by the Comptroller for the taxes of thece years | with the third volume. Hag Bits Sepeabiver, 1058, eo rer te BIT ‘The third section declares that, of the money to betais- | Pr the completicn of ‘the tokiad rr Lees ad\at the capitol on the ost: November last, and |, 1H¢ prevent State cficers, pom examining the mate- Amouns transferred to tix General Fand revea gy, the last above mentioned tax of 1853, the aum of | iargement of the canals. Pp resin the Manhattan Company, was Gvi-hed on the 26h day of the same month. Tas | ‘i#ls which made up this yo! became satisfied thet for interest on 626,000 shall be paid over to the Canal und, to beap | stitution ware i¢garded as an obstacis in the way of the | 'ifty dollare each... ).00) 00 | sgzregate amount of the rale was $182,080 79, of which | D¢ither the interest: of Le asd or literature demanded demands on this fa; cae 080 21 | plied solely to the purpose specified in the 410’ section of | more #: edy completion of the work, as demanded by | Mcusy in the tronwury. 29.4" 47 | 9141,579 23 was for bide made by purchasers, and the | the printing by the State, at am enormous of the $01 Gis 10 | TS Act appropria ing momeys to the payment of caual | certain interests in the Siate, and in 1651 the Lagislatars : valence waa for lance atruck ff to the State in defanlt of | whole of the remsining masuscripte, which en ae reesived into the tressusy during the debts and for other purpores,”” an. nce yislded to (be power of this more speedy enlargement bir 8. The ertimated 1ecetpts from this sale, as shown in aeanea te ws - dang ay lomes, and they re at~ ‘ending Sth Sep’. 155%, (see statemens A,), 837 5 kept for the ‘General Fund, and for payment of the de | jesling, sno the Jaw of that year was throst upon the a previous part of this report, were $150,000. Theactual | ‘ested theffurther publication by the order referred to, man¢s which sre or may become charg Ffople with the stainp of unconstitutionalityjupon its fuse. receipts in money fall below the estimate, $18,720 67, | _ It is entimated that the expense of Printing sed bind- Z Gorn seotien of the AN 8 sm strloben a the statare book by tne deliberate tad that sum is of course to ba deducted from ihe eati- fe dorng hala On, wil amount 66 9TR600) tance > 2 judg men @ highest ju tr.oant tate, mated revenue fo: the current fiscal year. . ey yy of ¢ + | garced by ue # of the ealar; it an de tmounted to $51,401 may op mry not be redeemed | Work, tg, siocer: upoa the Autivu: of the Banal Department for | signed to secure io them ihe accomplishment of their wiihin the two years allowed for that Jerpen, and hence | Cocuments, the sam of $21,343 67. The whole cost work fore under contracts made prior to December 1, | long cerireé object. It bas actually retarded that work vember, 185 ; tes 7 tested Peso resaipte and payments of this fos ose estinaates Sent GUO ee nohet Casa nks tae ro reliance can be placed on estimate of revenue | completing the work will not be less than $100,000, id alee for work | at last three years, and ite attempted execution ia the 465,938 50 | fom that source, Ih moat cases It bas happened hereto- It ie for the legislature to determine whether any far- © the allege’ contracts ma vis a awards of the contracts bas left = dark stain upon the fore tbat the lands struck off to the Stave were not re | ‘her publication of these manuscripts shall be made aad Sor the current year ah ing dill commonly — as fhe » ine uilioa bail” and | jcoor of the State, tien to this lew vas tn pose ptien to previce the necessary means to pay for the same. which were not , as well for wam meansnsforooa: | «rect justly to be regai as 0; itiom te the policy of je bas beer delayed during the last two ears in Fire Insurance Companics. a tntegeet aso OO aaa te the teeaauiy. $854 005 1) | atitutienal authority to de ro. the onl It was imoss hroanoesiy Po consequence of the mnereated. labcr thrown uyon this | had osoaaion iu tay ansaat report of last your, to eal ais <——eakenaaind This law farnishes another of the numerous evidences | some of the trnest and moat ardent friends of cans! . office in preparing the snnual tax books for the sales | the attention ef the ‘lature to some important de- $358,025 50 | of the good faith of the State in providing promptly for | in this State. They were its oppoments, because they re- 2,010 69 | bed im tee counties for these years, under the provisions | fects im the law of 1849,'in regard to the formation and Receipts t of the claims of its creditors by direct taxation, | gardad the preservation of the constitution, aad ites sate fm the treasury wl of theactof April 10, 1850 It should have taken place | mode of conducting the business of these riations fri the al one vee as” sue Apron eanal re soe igh oes Pe ti teoat eee one eo ag ae valoable than éuring the year 1651 4 highly important and useful institutions in the State, +4 ; Pand check , rly was able revenues, the, speedy enlargemon’ canals open violation A e te to the effect of the Mord rus agents { Mererdon W0.UVEE Beak Fasdeteck 800 9). «| foe General Fuse, and bat forpenetoonstivetlonal wppro- | cf that instrament, Bat for ‘the eld iu the counties ie December, 1962, for the | these seca fe ste, With peat cation cates 1s *earties -———_= | priation to otner ‘purposes womlll have been apple! to | the State and the interests of that large ane of 1849, upon the rale just completed by the Comp a law Tectgnsd to meet and remedy the de. Deficier o7 for sho ovrrent $5,016 90 | ita payment = almost entire gum of $625,000 has al vena. who have looked for the adoption of troller for the f 1845-5-7-8. devire to call the ty, and bat the act to provite for the fi oe Add amount of deficiency - _ 6.886 GT | coney been applied to the paymentof the protested dratts, | safe, just and proper mode of secom tion of the suppored cifisulty, | fire insurance companies, pissed 25uh Jlue, 1868, fo the ” showing n deoioncy is the fund om the 0th Sep | 2 Fhe remainder will be requieed witha the year tO | Gesited object, the ' oo 4 eoustiatonal t 63/000 03 proper remedy may be adopted to protest the pur | result cf these efforia. . Nombee, IS ese ?* sitsse or | apawer the clsims under the fourth section of 1b act. | is promented. Its » \ will settle the poliey of the 4000 00 | Chasers at the Comptroller's rale. It le Nelieved that the stringent provisions of this law ‘The above statement, exbidit the condition of pas fand, | (here will, therefore, remain, to be ee a lhe revecnee if it doer not « tae completion ot the enlarge- | [nterost © 2, Th the connty wale held in December, | will protect the companies, as weil as the public, againe=, dy the constitution to psy the General Fund State | of the General Fand, the balace of the miil tex lovied aad destebiishes « coancial principle of great im will reesive thetr deeds, in | the mismanagement and losces caused by the imperfes- debt as it existed at the edoption of tuat inatrumant. | 00 leote:| in 1963, which ts estimated at $676,000." portence. !t pledges the faith of the State for the pay « Comptroll r’s sale jast held cosofthe sctof 184% The present law sab; ell They show that the wins orovicions of the constitution, ia GANERAL FU: ment of the dedt to be created for the accomplishment Apernrriaieae will not be entit * til 1465, one year after the | companies incorporated or extended under co] ing a sinking fu.c for the pay ucat of this ded’, The General Fund State 4 ed dariag the | of the work, imstead of relying solely upon the aucertsin posit fume am right toa derd acerusa to the purchasers’ at the cousty | 1840, to ite prov! and requires eaoh imstitation ox Bre {ai ad entirely to acoumplish their parpose, Atthe | past focal year by the sam of 804 098 95. Uo the frst | revenues of the canals themnelros. tate important fos 10,000 00 | rele of 1852 ting and theres fter to be created, to prepare, under Sxpiration of even year from the adoption of the aoperi | day ot July. 1862, there tocame dag of this debt ths sum | tere of the eonstitutional amendment was seoured by the revenae of this fusd, payable Tee fire 4 r ima faci, b9 evigerce of the | cath and cepositwith the Comptrol'er, a statement of tation, thi: fund showx a deficlencr of $5,536 61, which | of $467,(.0, Comptrolei’s code, bearing an Inte-ast of | ihe friends of a seund financial policy after a severe in: ™ cee Oe heal tithe A, "acd wuld cut off the taxon for | ‘be condition of suek company om the dist day of Desem- ‘Will be inoraa od io the rom of $11,962 7 at the cloow of | “im per cent. struggle, aud constituted the only real ground of contro for 1354. . 599.00) 0) | the previous pede Mat to obsiate this conflict of right, | ver of each year, This statement will embrace in the year 1864, av az annual deficiency theraatter of The Legis tatare tailed to mace an appropriation to paa | ver: > im its parange Vhrough the Legislature Its impor ‘Wapaid for le . 216 | and compel the parebavers at the coumsy sale to pay the | cetai all t°@ information in re’erenoe to. the & revenue saffielest to the | this eb: at ite # p of 1604, although requested (0 Co | tance totic best iaterests of the State will be a parent in —— 5 | temes for 1545-6-9-8, ¢ iesmed a cirewlaz to eash county tiinees profits an’ losses, means to pay losses, how the event Upon it, and wa iacreasing capi. | £0 bY the Comptrc the .nereased value obtained for the stooks isaued ‘or the $535,002.15 | treseurer, previous to the sale in December, 1 (ones of there companies ara seeured ead other If es it falls dus ‘ The Mar liactan Company of New York became tht pur | icauve to be wade under the constitutionel amendment Rummrence and dimiaation of the | Ue Cran te sunezed, warved BE) toqutricg hist oo | tnst comaected crth the management, which Thave red occa'ton koretofore, in communications to | Ché™ Ta of there Loncs when dee, and held them stare | and is also exlibited in the following statement of tho | cxpita! of iviag the your The iasreaes is | 8077 viuite potive at the sommenct went of his tale that | jie ray desire (0 bnow: acd the Comptroller is req) the Legisiature, to rpeax of the eur: which hava eo | “uced rate of Interet ucril Apgil, 1868, whan | revenues, de, of the canals for the year endiag the doin | $2527 14 F ye land cold for now-payment of the tax oi. 1949 was | tv cause the information contained a engh statemeute Guced this disastrous reewls. They lic (a wncoustitutiocal | ‘ht? WETS peid off By on issue of a new stock radesmedle | September i it thows that the sotual r for Mammmatvre rosy subject to the payment of the taxes for the years 1845-6 | to bs arranges ia trbular form, sed comm ry Tegitlation imposing up-u this Siakiog Fand onerous | (9 ibe it ony «f May, 1808, beariag an Interest of five i uding LOth September, 1863, from all the ‘ eau, piel. ‘ -7-8, ed which were unpaia at this offies cually tothe Legi re, . 3 @harges which were xt con‘emelaed or authorized oy | f# cet sca for which # premium of 74-10 was paid. . ‘ Doce) Shuds.bu6 or | THs fond ing items, vis. :— “This 50 ioe was given by each county treasuter, and | fhe returns tor erent year have not the constitution I rfer to Senate dooume n' The premiura «a. applied to the payment of the principal ve 1008176 92 | State = anes obi. wii}, in my opinion, protect the purchasers at the Comp- | made to this ciioe, but the pubite will be ‘arstehet ‘1862, and to my sonus report of last year, for views fully | 0! the debt, and it was reduged by the amount thus te Lenvinn thn chetintiedan 1964, 6 por cent. $100,000 0) | ‘robles ’s a'e agaiast the rupponed prior right of those | after, through the report from this with: Th Sat ote hang! saving plus tovenus ad pene + 1364, 6 por , Pac one ba ieg ay a payee a bn oo a ae, thus exohengiog | pom wnieh Are deductid the amounts 99 L redeemable 000 00 who bid off the same lot county sale Bs tg baa inna This bate condition of ' design ‘ramers constitution, ia ' = oy the constivaiion, ......, eeepc. 8 usurance com: at) whove of Pre i mi «BH, 988 95, er , a es x the romadador of the revenues at, . g Fonds reicrms. ya e ph Y anaean cigars Pomel {t lo tale remainder of revenue which coastitutes the ee <anaueid Tem graised able to state thet the - BUA A Only deste Of expenditure for the oulargemeat * 810.00 pany forme; wader Lue mew law, out of the atty r~4