The New York Herald Newspaper, January 7, 1874, Page 4

‘ NitW' ‘YORK ‘HERALD: WEDNESDAY, JANUARY 7, 1874—TRIPLE SHEET. which supervision of the I —— Son 1) was, ‘The counties have a other than those for | to selt 4 COVE DIX’S ~MESRAGE. ee Prices ‘cous cfu ere a the 3lst og of December, a4 tot- + Sy Leese as well ag estas the Beate in having their wea re spac rare casa se of these | ized to nt at ention. lows taxes Promptly id over ee, collection, as the re vate ry af Pabienee ane abo ie Peres as een, during the pest 7 = was very con- | New York joint stock fire insurance Sompanies 99 | chance of or deiaiatioa 00 the Of their treaearers peat, ce eee, ee. rs it houses, but excess of thet-oft -the preceding year. | New York mutual ingurance companies. 1 | ts always in m the 2 publ monet to sae priaonme! ul cr ae es comes ty ineccoticon ine cle sae wer KY this Tass New York ean on amas Te aioe —_— of the ees bes! 7 we ee 4 Bee us tor that fea wl aac is called to this annject with the . Correstion of Anomaties in the Banking o> Be insoratigan ihe clegt sien fort Pay trate companies at other 83 ‘compel them, to ea aaa othore q Man serge ieigesr apey 10 grreey fue ) of Q Of colleges: 1m. the State ia ae fol | Live insurance companies of other States, Bs CORE Bek: eri riots sta see for if 18 not diMcult tem by Uniform Regulation. = fae a pong cad in- pore taal ipaurmace onsganlens sos u for om ate a vate rights od ier CY by the regents several yeara aince greatly - —_— e of hundi of thou. aera condition Ge foctety, when no man can say | Peat in on the ‘wit conidence his farm to-his own: Treasury Defulcation ‘ol wee punilc mune a, npexnpaianed to he to! cke and Siig naa want of the roenies: Pat et : Ronber at ‘such or hue enual ra aa pmeents com Steven per, cent ner Soxcaoaingty ie mercial al contre ie bird satugomen oc year show Sa gacreaee, inthe oi r He and ity insur: pauies a of interest Yo whee beak I naa cel ome ster and Necessity of Compelling || scholars of neariy twenty per cent over the pre- of foreign companies ment, and nen rg a Se eacas Paithfulness to Trusts. | it Ke the salutary ind s le . ¢ es iy: oadharpte et whee t awardeqto them. Pub- | toms our loreign ox to % rn Se Tene Ms confident loaned to the banks the not embraced in ¢! ted. Paget a 4 ~ in indauence will costings to strengthen and enka and its di theatre of the speculations, always enormous ead eein, ieee making sacl ve “geeibly felt felt in a whether it covers the oMicers and ser- | frequently fraudulent, by fue Jegicimace oe Common schools’ as well an fa the acadamles Darpose, vente of the cofporations, wi while the statute\in Eee the country ts deran; rang Fraudulent Management Increased appropriations jute! made to. the the ul ard only | name 'salli haanteras for Urers and the Ongar romen oh on are patton to their in acts of public ate Le vides lunqeengy, to beset hin with Frag money letters urg- | for aggravated cases the inadeqi pun, pun 19 gra time to pay over} Janment of ment for & year tthe, publi awh eye risnhelg {row os the treasury in fraud | county jail @ fine of $250. There is nothing sues “r ry Sho a curr tm faatnoee dition or ae pon Fd eb cae ers and scholars in ali de; en! of Ree Railroaaee: tion. They are specially felt in te Classes for the feal ee tn cot othe fleviston ‘Comsctation whicl re juires the Governor reparation of teachers of the common schools, Tr cent 1 @ majority ofthe counties |‘ more glaring in the daliy exhibition of crime than |: Seogerimaal jeate = meas ‘tie Bete bela am increase of Aastha er waning + are min 'evess the, same punctuality } the abuse, of flauciary: yor Little is needed now | at ever; a ¢01 0 of tha ee Recommended wey a Of | *,comparea:with iormer years. j $di ores should be exacted irom ail; and tf the law 1s not | 0p tbe score of a firm and ansparing administra Fecommdend' suet auch! inate asheshaidesm This resuit is regarded he regents aa most Bachar 058 voluntarily obeyed ita execution should be enforced Dn of ioe re Win be D0 sto agi the tna aire) : encourag.qg; for, with all ti at ts done in the nor- QUARAMTING, suitable ef pg Aconiornity to tt would, ie faiu a dirctors of Srp ia, OF tat nancial al preamare, under which the conatey w nue the Supply Bill. mal schools, the academies must continne, to a | , During the year, 83 vessels have been detained | no Sout by making it the tmperative | sad ‘the ¢ mangers ring, bas. Ras “ great extect, to furnisn the teachers for the com- | !2 quarantine on ‘account of sickness which had | du 1 Comptrolir to chur 10° per cent tn- | public an conversion to their tion by thi van a Hot of fen ; Mon schools, especially in the rural occurred om board waile in port or on their pas- forge? on on all moneys received vy county treasurers Bamvase of. tbe moe mone: ny conta to them, or the ‘parma nt tf dep 00 DIO Whatever i# done to elevate and improve, the insti- | 8&e to New York. from taxes for State none and withheld by | diversion of guch ‘objects A lower dope ual dered tua me be ire nae tutions in which these teachers are trained will | OB 25 vessels 32 cases of smallpox occurred, | themaiter the day for payment into the | is more sere acted. oe wi bebo Babli oo pawn tend directly itavely to.advance the schools | ©: forthe iniection th a grester or loss de- State Treasury, Among thi ae somered by the frandp- dence w: 1te lowest ebb, rene tn wnich they gree 14,706 persons who were On board. ‘Thirty- DEFALOATION IN THE STATE TREASURY. lent or faproviden| ae oar pag i cts taught tn the academies tg | Seven vessels had yellow fever on board, and 63/ It is my painful duty to call your attention to & panies are: the ‘inhabit por te towns which on pan racter of the instrugtion and | Cases of this disease, of which 13 were fatal. were | defaication in the office of the State Treasurer by | have been ind to" ne to te Caples | 08 retion st ratus proviaed for the illustration of sci- { feceived and treated in Dix Isiand Hospital. | 9 fraudulent abstraction of ¢he, pune monoys vo stock and have thi to ouside these institutions are fully equal to. | Seventeen vessels arrived in whtoh ship ‘ever bad | the amount of $204,967 01 by O! H. Phelps, one | pay tor it, These prions Jn sll. proba. | obligatior ‘ the colleges ® Of a lew years ago. occurred at the time of arrival From, these, 1 Of the clerks 1m the omtoe, to whom the ciel man | bility, in dome instances be & total loss, wich must at. 4 ‘The numbe: tes and actideinical de- | Persons were removed to hospital with fever, ‘ne Agement 01 its adairs seems to-bave been confided, | be made up by assessments on the property.of the wie a dint Fe ate of the au ot jaiiich aditmconsenaaacme the visitation of samnerie to the disease poner Four | under the title of cashier. ‘This title is wholly un- | people of the towns irom which: they ware hema! the regente te 210. ved on which there were 17 cases Of | known to.the law, Was ausumed without any | Cured, The bonds siready by authority of Feuroe of gener ociqiia ‘To sinus xi LIBRARY. cholera, of which 9 were Gen§ to hospital and one proper autherity, and bas Bean: Repe ap'under.& the Legisiature are valid. But it serious . 28 ANIL ‘The State Library, both in Ite ahd ttstaw | Wes fatal alter arrival, On these vessels were of long stan to‘me to, be due-so the in of oar. Ment to our. ears at ere 2. 8 : At the close of anotner year of untmterrupted | gepartments, nas to therfuilex. | 287% persons. During the quarantine season Or eien this aetaloatio in became me knows, belleving | Who Gre solicited, ‘often successinily, to sub- | abroad. it m: none é ‘Realtn, , abutidance and peace, the fer- | teut 0) “hg tieans at the diana! ot the the trustees. La vessels arrived and were examined | it to be my duty to cause the: inves- Pipe Meda en code ere go ine |: oe on iene Veit sho channels of ‘vent ‘of our thankinlness.is due to al- | More ‘2,800 Volumes have been ‘added to it dur- ports suspected or Known to be tion to be made of the ‘couartion of the office, gy gr ya aa to Dros juctave pea ” ing the past year. ‘Fhe'snneal spprooriation, not fntecsed™ itn senior ever, ane ey, were goretnes W. E. Warren, of the city of New York, an ex: dueuvences, tia wo uthorizing. ai ring God for these signal manifestations of his imeregnes for many years, is quite madequate.to for observation Tequired to dis- Aha auditor and Cor was employed | scriptions sho: 4 Ment, fue: tra While in portions of our sister States a de- | wants, especialiy in view of the larg ineressea | charge the wnole ¢ or e or thelr cal cargoes before by me for the purpose, report will | It is estima! that At, Joust 75 percent of alithe | the inordinate pa He te! expe 50a Tins lated hundreds o1,| °°St of books, It ts believed to ve werthy of con- | being permitted to ie. “These ves- ‘ansmitted you ran early’ day. it Operanrone eet neers, im. the city of New | diture, Pane oa Hae a peatilonce Seno Uinued and eniatged support. Tne whole number | seis Were irom Havana, is Grande, Matan- | ghows that. the ‘whole amount of the moneys Kwufo in rallroad erocks and bonds; and the | demorallzaticn, by which we are aio own have deen mercifully spared. | of volumes.on its shelves 18 90,844. | £88, New Orleans and one trom SS ae the | stolen by the nominal cashier wae taken cnormous epee ocwhich they infnisy the | the legitimate cotapqusaces joes Of a I tng Senay sean of be Oma SAY | Aes Pca Ba writ ectueht |e ear areas 6 at ne Sant Basriy Us” Gites one save. | Suet an tae ashe" te bed a] rol a ry a an [wim RiRigeas: power wore.Jor a tine endas Ponder and! most valuanis ctumibusines ore SSagy ete cxowrion eanttary ori at Te practioe by wybioh baa to some “extent bur imminent aan a to Be a peteseed ‘ ered by! inirigemen' our international | made thro! it to — shou access is sys- previ ry ‘ehecks to when eqielat athens strates 7 mente, tem (or two years, and especially during the last Phere were no ito meet them, tender tm contrac! ights, the’ peri! hasbeen happily averted by a | Wich it illustrates, summer, proves it to be practicable and safe. ‘The manifest duty OF tha on novern 188 B| vated the evil Lad cred {o pariouar individtars in oe repeal is a ‘combination of firmness and forbearance which ‘The Natioual ouavee coathne of eight divisions a sai of Fa fever of the past season i oy an almost nniimi: the eurlies! es day, ae he danger 4 7 always becomes & powerful government; snd | and 20 brigades, distributed as iollows, Vig.:—One lemic cholera from Northern Europe, | depaty. former ‘was absent trom bis office | gambling. The pract ioe Should be .arrested by |, over, pad paren en ‘ane ; ‘there is gtound for hope that the anctent nation, | regimen de battalion and Dine separate troops | Bove of “which reached the Ne A Quaran- | much of nine time, and the latter, inthe absence of | making it a calae ‘offence. tor any officer of a. |” bas produced. the: lapse of nn iar ol cavalry; 12 batteries of urtillery, 31 regiments, | time, have shown that the m can salely | hig principal, seems to‘have surrendered the whole |‘bank to certily @ check unless the drawer of the wine ‘years irom maa au) the rebel ‘Which, with less prudent vearing on our part, | 1) nattallons- and three detached companies 0! in- ro owed in the future, Twenty-two licenses | control o! its allairs to the de.aniting clerk aud to | check bas a sufiicient 4 peat in, the ‘ben! to pay tt nas Seen tal en Sedat thi ‘might now have been at war with as, may occupy, | fantry, Making an aggregate oree 01 23,360. work th ‘san ee ‘have’ been issued | have endorsed draitsfor a large amount oi the | Under former me oocniey i oe on the other side of the Atiantic, sustained by our ki aaah PB) saat Tear iso re; ane Of snfantry. durin ihe sourgn siovotutes P iovpett ich rs ona Spoapog pay: on ane Serer ot or -“ re Jobbing. rene a pal or tantlar ye a agar yer fia more re aangaut ‘Ieollittes poggts etre i i m4 4 2 lave been nded aud mustered out of service, My ten ci wer of @ privy aD ouse he or stocks, in possess - sympathy and kind offices, the, same position | y\x regiments of infantry have been reduced to | have applied for them, thus relieving the great | city of New York of PP acaahaie character, of the party so contracting paca of tig con. srandary of value Grr CA oa ‘at ‘which we hold in she western. hemiphere, a» battalion: end: one. regiment has been, reorgans {hardship so much complained of by merchants and | and he is unable to say whether the endorsements | ‘tract, were declared to. be aban wese, |.this long pe tps ovlon.” We'are nad utieg Tw sFepresentative of free institutions, " gulpers Previousiy to the admii ition Of quar- weve filled op of signed in) blank. It }/provisions of law wi warez repealed nay Itthes | the motte A i Stomsun a OMiring the same perio stx arsenals, whicn had | ‘antine by the present health officer; and business oper to fad” "thas there 18 not the |, were revived, as hag beep suggested, they would proanets, ot ol our m: oon ai ue aa ‘ It would be a source of beartielt gatistaction to | pecome entirely use less, have deen sold, producing ‘Operations Gre now, for the first time, left to the slgates ground 1or* impeaching © tte ‘integ- | probably be 60 genérally evaded a9, to, be inoper-.|, are, reported at oan ‘us if we could say unreservedly. that we had re- | $2:,550, of which $22,350 have been paid into sue | Management of those on whom it devolves to pay rity the Treasurer or deputy or apy other sub- ative.» But it 1a worthy ot ot cousiderasion wetiar we coined. nn oud c sponded to this exemption irom, domestic end na-.| tressury and €2.70v reiunded to the village o1 Dun- the expenses incidemt to 4 See eet during inate in the offive except the defaulting cle; they.might not be suécesafully applied to the trattic | silyer—in ally, Thos, ae pect 3 kirk and the city of Ogdensburg, irom which tne | the past summer there has been an unaosually Bue there is no doubt the defaication would have | in gold, which has led to. pay jationg of the, most |, tfian42 per poy Ary Be aes na ue iz at tional evils by @ more devoted discharge of our | pires.of twoor the iulidings were obtained, large number of vessels penre, for sanitary | been prevented if the Treasurer had been at his | pernicions character, and Pek ms be. source |, silver mines have reached social duties, &@ more cheeriul. submission to the At the commencement. of my administration £. | Teasons, there is under the vem no com- post and given to bis duties the attention the }) of sertous em! it. if the Jederal govern- | the chie! oecapations mghord [ar erm tomers laws, anda more atudious fuifliment of eur obliga. | found that ho system ol proper scoountabilty for plait, and it is a matter of couse ulation that, | State has a Mgnt to exact from the custodiap of |, ment.enail 00% Measures to resumespecie pay- | to convert our , sruse, Sarna tion San mreuiote of War Sximced. aiter so many years of unseemly ‘Contention be- | its treasure. In absencing himselt ior a consider. | ments, We bave, bi he gomtntigg use pd ifr ‘tions to the public and to each other. In all these | ineve were:no reliable tuventorics of the property | tween the citizens of New York ana the health | apie portion of his time he has but {o'lowed the ex- LEGISLATION. Paper, bal e he c respects Lfear a review. of the. past, will disclose | contained in the arsenals, and therefore no means a authorities of the port, neceszary sanitary restric- | ample o! his immediate predecessors, and leit the One of ed ie ar vile of our. legislation is the |,.of the precious ani whicn we enave of ascertaining from time time whether tt. w: much whigh will need your most thoughtfui deiib- Pits cadieer dein hd tiohs are now ealorced witn the cohsent and ap- | duties of nis office “ucinding the receipt and cus- | carelessness, tol. consideration with which } driven th hy the mani ture, es Of laithiully presérve eal defect nas been | Preval of the commercial classes. touy of millions of dollars) to be discharged by his | bilis are framed and: Bato especially near the | Inxury. We ha ine go far in $l fea eration with a view to provide such remedies as minediene Complete imventories of tne contents BOARD OF BEALTH OF THE GITY OF NEW YORK. aon and clerks. He should be requiied oy bd close of the eae bal ol te ieeature, when it, |, by, ia nave of 9 000, 000of fract oI 0 may be wishi® JOOr SORSEISRAOR RP WAP. oy aii the arsenals hare Leen prepared. the COM | eau preservation of ¢'€ pable neatie inthe Cy of | FoR oe es personaly to 8 | dus ve every eunetinpat on epee ao are Ee Meer far gg ry Ml missary General of Ordoance en made re- jonsible duties. Dur D The condition of the State ts, nevertheless, ONAer } syonsidie for them, and whenever s change takes |'Now, York tts indiepensabie that the authority’ of fe constitution authorizes the Governox to re- VVrecsdlug the®olbse of thé lat session 62\| that we hive. ‘expelled a ai at, ailver ee oon Most Of its aspects, exceedingly gratifying, Our | pi hereafter in a incumbent, the yegeaend the Board of Health should beextended over'the | move the Treasurer ior any “violation of | is duty.” oh were sent fob ecutive. Chamber for ap- trom circulation, leaving the’ waters of the harbor and the bay within the quar- | Ina matter involving the reputation o!@ pubic | provai, Some of ere so imperfectly framea mestic exchenge tobe carried 01 afichiviyend antine limits, The Health Odicer'ot the port 1s a’! oficer it was right, in. my na rnleDte that this pro- | that they would ha been. a discredit. to the Gated pepes » excepting the. yea ‘base ey member o} the Board and shontd be empowered to | vision Bhould be construed strictly, and that the | statute BOOK, some were of ‘doubtiul meaning, oth- | use of the value of five cen an der. xe execute its orders upon the waters surrounding | power of removal should not be exercised uniess | ers were in ‘direct violation of ape a @onstitution, | the return to specie tetas imore remé the city in the same manner as the police carry its | some duty expressly. enjoined by Jaw had been | while the purpose of ., be, attained | dificult the Treasury Departne! ernpriny corer “od debt is comparatively small; it. may, with proper | Will be required, to receipt, jor them. The c " system of accountability is applied to the come economy, within a few years be entirely paid; and | Ponders of regiments pat app required Ww give im that case we shall stand in marked and com- es teen of a een oats mendable vomtrast with other States and munici- | property their charge. of the inquiries set on at rtain | @rections tnto efect upom the land. He has a | omitted, or aome act expreasly sorbidden bad been | under existing general iaw: hein salon it of aes ears thrown into tbe mar! palities, which are heavily burdened with pecuol- | where g: ing perty wag to be tous large certain steamer at his command, and corti do so without | committed. Under thiprovision thus interpreted the Legisiatu:e renae oe rine Ex- i as coin. If haif this’ wnpunthad en 44 ary habilities. Our colleges, academies and schools | titles oi urms and munitions were discovered out- | aBy additional expense tothe ‘State. When the | xt did not appear tu me that a case bad arisen to | ecutive to submit tolt it Bet erent ts wb preen Dilla, the re pepe lic vuln we rtd ned ‘at this very bour are flourishing, our charitable instivutions in gett | Side of orsenals and of military. organizations, | bodies of dead animals and other nuisances have | warrant the extreme measure reierred to. He was, therefor, cots to rine. from motes; ienned by amounting to over $9,000 in vaiue, Unservice cry been removed beyond the oity limite tuey are oiten Several years ago a smaller deiaication occurred | them his approvi wt to confer gor yiaentes pe meet io specie; a4 ~ eral well managed, our laws emiorced with re- | property 10 the auiountol $7,283 and }leit doaiing 1p dull view npon aters of the | in thiadepartment. The deficiency ‘was made up | with the houses Leonie they gen rtot ey and eters ol sach an ly Of the Bewed vigorand great criminals brought to speedy | about tie same amount 8 on hand tor sale. ‘The | Berbor or land upon the auores O the Lower Bay, | by taxation, and it willbe arenes to lay another | they were eee the office oi the Secretary | cious pata rest inewloy en ac mpage and exemplary punishment. ‘The reports of the | force in Bip apaspals has pase b gedeed, by the gis, 206, 4 eee “ee - Yranbaetd a yd pape oe pn $n. taxpay See £0 om mAKe Up BREW de- Ph eke, BA sees ment in grate all cases of corresponding. nes 9 Ky gonsitery ances charge 0: juous ed! ai & saying oO! hacn enc: autho. ir pose. i OMicers in cliargé of the diferent departments of | So ah ver snoum has been chected. "The nectux’| lon ol the Board of hieslth was designed to pre- | “The Comptrolier and'treasurer have adopted new | The whole tee bythe two | state Ss ai easy se Pesoae the government will present to you in fuil'the de- | plisument uf these reiorms bas been moat efi. | ventend remove. Sopguarcs bya more frequent smapection and com- | nousesof the 017. Oi these eis. tails, of which I proceed to give a summary :— cientiy carried out by. fre Agataat, General, aided Your interposition may also be needed to supply in Of the books of their respective Offices; but | Were of a Divetea Or local Oniy 134 of @ strictly ‘nere can be ni Of the; poate ped 5 y by the Commissary Gene Ordnance. some defecta and Omissions.im; regard to the pow- Bsolute security irom @ frauduient abstration of | public nature, ae saya! of aes former were | this process of se! otaiton aa ms RECKIPIS AND EXPENDITURES. ‘A system of thorough wspection has ‘been tntro- jere.and duties of the Board,in. the act passed at | the pubiic fands can only be secured by the per- | Unnecessary, as there ware penersh Jaws under.| direct reveveal of 1t is Rs the nly mode’ by which ‘The receipts: into and payments from the treas- | duced with very penedcial resuits by the Inspector | tue last session of the Legisiattire Jor reorganizing | sonal integrity of those — are concerned in their | which their objects could have been ponetee a can, hope to return to the standard. of spécie.' ary on accdunt of all the funds, except the Canal | Genersi, and the National Guardia beiieved to be | the city government. Fecelpt and disburseme! Sccomplisied, they fecelved tne ‘approval of the,| Tie steps to be taken. axe, first, to regain the better organized, discipluned and prepared ior ac- EMIGRATION. Execative from a reluctance on bis part to return | cious metal: tals, of whieh Ne, ve Gantorice ident and Free Schoo! iunds, for the facal year ending! tive service than it has been at any previous)time, | _ The number of emigranta from foreign countries | During the last year he public attention and | bills to the houses in which hey on originated with- | stripped ourselved, aud’ then to . ctions, Septeubey ‘30, 1873, were ag iolio' outhe ta of January last the eum oi $191,660 | Who errived at New York during the year 1872 was | interest have teen earnestly. given to the subject | out the most substantial obje avenshalans, paper, by bem they have bees driven’ into. ‘other! earnés' Rece:pts..,, 6,803,188 |. was received irou the federal goveroment en ac- | 244.581, Soe mumber in’ 1878 was’ 266,010, @ falling | of cheapening transportation between the West | he was constrained, notwithstanding his channels, .Jf our. import duties \do Act Hd, & ' % nena o or Mare a cine ome on ina fe Oo iitesioners state that in Bag ut noe tap AUnEuscat Be, \ abpabaianapiabacnalga ters ot ‘Temslation 0, ae Withnold ‘his apenal oe oa bar pubBe ae fs Ieswould bé Qe i tarts ur . ————— } 10th of bh & further eum Of $107, 2 a uence of | natural and artificial waterways. isiation, Rov 0 me inthe treasury, apearaner 2, $300,148. The + nen fede font — the prevaning stagnation in business a muca larger winere ismo economical question which concerns | 147 of the bills sent to him, wit chase (a8 we can ats less ‘price a tO Bol been & «+ aseppnenrs + $2,431 shows's balance uf $1,306,280 eel due. ‘Taw amoune No rieduction irom th unt has been made | incindes $134 13% om Became of interest on Voup- On account.os the defaication in the Stave treasury, | troiier’s bends, which cannot be paid witout an subsequently ducovered. act of Congress, and also an instaiment, 0 ory SiatE DEBT. examined, of The remainuer, ‘rat. ia is The following statement shows theamonnt of the | maue up of iowed and susp>nded items, of State debt. on the 01h pone tie 1873, ater de- | which provaoly not more than a third will be ob- ery E~ unapplied balan sands | tained. ry jatez— Dumber las been thrown upon them for sa) the ie Of this State more di . Tho most Tae constitution provides that corporations m: Portion o1.the coin we have port, and that without an tucrease oi the head tunpareant aspect under which ccd be viewed ia | be formed under. eral laws, but Ohad not becre- is prolong & state o1 things whic! eats eaasly uijarions money, they cannot pay the necessary expenses of | that oi ennabling them to procure at lower prices | ated by special act “ee t for municipal purposes | to our industry und disereattable to their establishments.” I believe they have made | the supplies they require ior their own consump- | and in Cases whe: Jjudgment.of the Legis- } 28-@ commercial people. It ts one ee? a sanjase every possible etfort to bring these expenditures | tion, and to obtain higher prices for articies they | Jature, the objects ot the corporation cannot be at- | consequences that we levy on external commerce within their means, and the statements whicb will | produce by enabling them to reach the points of | tained under general laws. the whoie amount of coin with which the interest be said belore you are respect commenued to | exchange @t a: diminished rate of transportation. ‘The restriction contained in the last part of this | of the public debt is’ paid, thus: thro’ upon & your 1avorabte consideration. This 18 the local view and tke onein which the pen! has not. been in all cases respected; ior | simgie branch af imdustry a burden w! oud INSANE. Loses body of our people have & prnery is pares is well known that charters are beauenty aougnt be shared by al Statement showing the number and situation of | fo the people of the West, and especial; and obtained by individuals desirous of eis The Repeeits of all countries attests that & the tueane in the State on the 1st of January, tay producing districts, this is the sole Ae ° Boe eneroh ag am privaie en not because re ‘RUST COMPANIES, Some le; euiliation indemrable tor the regulation of that ciass ol moneyed corporations Known as tras: paper circulation canngt be seoured rni- loan and thdemalty, guarantee and sale hte according to reports on file in the office 0: which the —_ on is regarded with much inte! goes imoulty jn enecting their-object under } cious Muctuations, unicss st is upheld pd op a bee companies, State Board of Charities:;— They wish sospug ugh chea,er transportation to. act of the Legis- | basis of specie. _ Independently of nets considera- banks of discount and deposit and savings banks Teeat | their own products at better prices and obtain al 8 attaching to such associations | tion of stability 1 the value of the instruments we re 20 1,68 | lower igen the articies they take in exchange. a bigher par estimation, even when conierring | employ to efect our domestic Teer mat it ah = it aa veienie oe Woot, but of tne. greatest oo ture, in or On wee Teattons, aad cr er atochient mieratas iupuld entrap largely ‘toa citer e S28 | Guonce tous, It mutters ttle to them by woat | natural desire on the part ‘of the members to | fation as to constitute the prineipal tedium for have Ly system by which each class 18 regu- lated, and Do reason is perceived why the corpo- rations reierred to should not be placed under a similar gystem, the provisions of which shall ve In the custody of friends. In the State in: pains The general fund debt sinking fund inciuges | uniform. The iast named instta' vi |, channels the: the markets for thetr’ oducts. gratify the wishes of their constituents, has dig- |-the ment of Reng wages $1,500,000, received since the close of the fiscal eral rule, greater powers than Yormet, aie a But it is vi Suanloconsuaroial senencney of the | regarded a restriction which was intended by the pecesasries tos their moderate wants, te. ear, and irum the bounty debt sinking fund, the r less Testrigtion, s with Do unilorm: STatetradee eu- city of New York,and tothe continued success of | constitution as & restraint upon unnecessary legis- be Rese objects A must withdraw our terest accruea to Uctober 1, 1873, payable Jammu- pervieton, ‘and with equal labs 7%, our canal system, watch has cost as 80 much, aid | lation. fractional currency and & sufficient amount of ary 1, 1874, has veen deducted, ten and ultimate loss, Your aay oe yr eontributes so largely to our prosperity, that Your attention is respectiuilyeand earnestly. in-.| notes of other denominations to make the residue The entire funded debt of the State on spectiuily called to the propriety of “ + 2,907 3,868 &775.| the communications between the two sections | voked to ths “teenie With the assurance that Fincticets, Fodeqmniie. 2 spesie. specie. The result, pry the 30th September, 1872, aiter dedact- eral law applicable to ail institutions The information relating to insane inthe ‘‘cus- ane Oe not be lessened by the diversion into other | much of your valuable time may be saved, and that bet in fnjuse ie chromic jon a supply of meunepene’: balagces of sinking funds, Dew in operation and re uring any wi tody of friends’ was obtained irom pbysicians in ohapnels of products i | foreign markets. ou may avoid the hardship o! transacting public | on tak cpg the ernment the banks coi a amounted to. - $25,386,725 | hereaiter created to conierm to it. the various cities and towns, The odicers of the is not probable that any competing water eas AL your own expense, draw mergency, tna avert much of the on the | the 30tn Septeuiber, i873, the entire The New York Loan and Indemnit roar ena various public and ie we institutions iurnisbéd| communication can ever interfere with us ma- THE SUPYLY BILL, evil Tnotdenet to the Guctuatlons of & currency con- funded debt of the state, alver a like the published announcement of i rs and |-the iniormation relating to this class in their re- | terialiy, unless it be by the Rtver St. Lawrence, The act annually passed “‘making appropriations | sisting’ largely OF Ran Shs Ae. LOR ink of England deduction, amounted to. ++ 91,191,379 | purposes, makes the fact Sonsprcuses that it aS coarge. whico is reached by means ‘of two short canais be- | for certain expenses o! government, and supplying | issues no notee un a r+ Bauk or “sully prepared to carry on a general banaing Board are fp enasget in collecting infor- | low ail obstructions, thus affording & hog and} @eficiencies in iormer appropriations,” was pong France issued none nomen tae! var wi Bhowing a reduction of the debt of...... $4,195,346 | business.’ It is not doubted that others are en- mation ino Bg 0 pape iper and destitute children,-| speeay connection with the portsef Lake Michi- | inally what its title imports, an act to apply under 50 irancs—about The itior ‘This reduction of the State aent ts apparent rent onty tn the same transactions, and’ yée-they are, rovided Eee 7 of chapter 671 of the Lawa |.gan. These two canals will probably be enlarged | deficiencies im preceding appropriations, an had nearly 450,000,000 in and silver, —not — as the redemptions Of stock, which tell @ great extent, (ree irom the ovessaet of those of 873. Returns have been received irom near! +4 within a few years, 80 a8 to admit of the passage | usually coverea two or three pages of the Fy ene the commencement of that ete Withou due in year 1873, were provided for by pew | laws, to wiuch itis the policy of the State tosub- | li the institutions by which they are sirpgeee, of vessels carrying cargoes of 1,600 tons, at a lower | book. Last yearit covered 31 pages, and by sar | @ supply of specie to draw upon she could loans. The stock forget d on the 30th Se} ject other moneyed institutions as custodians of |: 800 the resylts will be presented to you in cost of Sranepon een. than we can afford, unlesa | the iarger amount of its appropriations were for wire great, pe and commer ciat tember, 1873, and to be hereaiter redeemed, ‘the funds of the citizens of the State, in order to | form. our canal locks can be. 80 lengthened as to pass | ordinary expenses of government, Orfor objects in id the enormous war therefore, only @ Jew hundred thousand dollars protect the people from loss through mismanage- STATE P. con a ey = unless the cost of car- | No manner answering to the description of det. Wise 000 in Which she was raalgtant by the leas than on the 30tu September, 1572. ment amd fraud. The demand tor these Charters Near the close bs the uae pe pension of the Legisla- n be: reduced by using steaul as @ motive | Ciencies. It is, in fact, to all intents, a second | peror of Germany. REDEMPTION OF THB STATE DEBT. seems to be increasing, while our legisiation| in re- | ture the Commissioners of State Parks made thelr ower, orang lessening the ie now required for | appropriation bill. There is no reason why it There are already numerous schemes to-remeay ‘The folowing amounts of the Canal Stete debt | gard to them, is inbarmonious With ftselfand with | frst annual report, in conformity to a direction pose from the lakes to tide water. In one | should not be made what it was originaliy, and still } extsting evils, some ol them provi for ‘ fell due in 1875 — the principles which have been deemed sound in | ‘to inquire into the expediency of providing for a t the route to the ocean by the St. Lawrence professes to be, an act to provide for deficiencies | ditional issue of interest bearing bonds, redeem= January 1. respect to institutions of this character. Ofie com- peo in ‘the State the title to the timbered re- always contend at a disadvantage with ours. | in former appropriations. sole in greenbacks, or, in Other words, of paper _ uly 1.. pany is under the supervision 01 the State Comp- ing within the counties of Lewis, Ls The pert ol New York is open at all seasons, The I most earnestly and respectfully request thatthe | one form, , red Tedeemable in irredeemable November « 1,974,600} troller, another, in @ certain sense, of the Bank So- soy Franklin, St. Lawrence, Herkimer ports on the St. Lawrence are closed during six | bill making provision for these objects may be sent | another torm, Unless the.testimony of a perintendent, while a third is the ward of ‘the rt and converting the same into a public | months of the year, and during these months Que- | to me not iater than the 1st day of March, that full |. 4s discarde om these schemes can have no other con- $6,150,100 | Supreme Court. These anomalies should be-cor- | Park.’ beo and Montreal can eat reach the ocean by sevy- | time be aflorded me jor examining it, and for you | sequences to Unga and ne — Hage prevail- Provision was made for the redemptian of this { rected by the adoption of a unuorm system of ac- | Their report Nien gi oo pte views and sng. erai hundred miles of railroad. to reconsider it if it shall be found to contain mat- | ing embarrassmenw, ana end tastropbe ‘ tion of the State debt by deficiency loans, un- | countanility. gestions in regard to the preservation of If all the locks on the Erie Canal were doubled, | ters which ought not, in my judgment, to receive imere overwhelming to the scoepanrt ot the coun- er section 3, article a f — consticuuion, BANKS. Jorests in this mountainous district tor the Soa as they will be shortiy, and the prism were made | my approval. At thé last session of the Legiala. try and the credit of the h oaptay eae than any we On the Ist day of October last, 80 banks were <e water and timber. to coniorm to the prescribed dimensions, its ca- | ture it was not passed until the ver; y last moment,,| have yet bern med meee to sap- ‘The State tax lev: for th the ¢ current year amounted | doing business under the laws of the State. ‘They came to no conclusion in regard to the maf pacity would, no doubt, be sufficient to periorm nil | and, indeed, the adjournment was delayed ior sev- | pose that there 1s 6 currency to 6 96-100 mis. the total amount of the tax will During the Oscal year, circulating notes to the | Object of their inquiry, but recommend, until the | the service required of it for several years to come; | eral hours alter midnight in order to dispose of it, |, question, near ences industebvoaiye the belief may be be $14,500,003—about five millions less than the | amount of $20,972 were destroyed oy the Bank question can be further considered and decided, | andwhen to this tncreased capacity the applica- | It 16 of te greatest importance to make all appro- | propagated by the advocates of paper, 80 long as amount levied during the preceding fiscal year. partment, One hundred and fliteen banks were tthe wild lands now owned and held by the | tion of steam as a motive power shall be added its | priations for the necessary expenses of govern- | &ll our reasonings pe nee it are in relation SALT SPRINGS. credited with lost circolation to the amount, m all, | State be retained, ability to maintain @ successiul competition with | ment at an early day. and if another bill jarequired with the standard of specie. itis only when men ‘The quantity of salt from the Onondaga Salt | ot $480,913, the time for redeeming the same, aiter SINKING PUNDS. other routes cannot well be questioned. The ex- | to provide for supplying deticiencies it be | undertake to, make that which has no’ intrinsic Springs, inspected during the last fixcal year, was | the usual legal notice, having expired. In my annual message to the Legislature in riments with steam ali ay made, under the | sent to the Governor ior approval long enougii be- | value perform an office to which intriusie value is 7,060,172 paliseesiaue by wer bushels than the ‘The amount of circulation outstanding, including January last, allusion was made to the duty of pre- iberal inducement offered by the State, though not | 1ore the close of the. session to enable him to exa- | indisj tpye or, in other words, it is only when prod juction of the preceding The net reve- | that of incorporated banks, banking associations | serving inviolate the sinking funds pledged for the | entirely satisfactory, leave sie Gente that they | mine it with care, as he would, if he found objection. | men solve ‘the impossible problem of ascer- from this source was 165 75, showing a | and Log eas banke: ‘Was, on the Istday of | payment of the interest and the redemption of the | will be ©o at no distant period of able items in it after the adjournment, be compelied taining with how much inconvertible: paper the falling of as compared with the preceding year of | October t, $1,400,116 50. Of this amount, the | principal of the State debts. By the constitution When the canal debt is paid, or ane. payment se- | to approve what‘he considered wrong, or wi! oe commercial transactions of @ great country can be $12,856 37. sum of Ary ‘was secured by deposits of cash, | Of the State these funda are required to be cured by the accumulation of properly invested | his spproval from it altogether, and thus to carried on, that their minds become mystified and STATE PRISONS. stocks, or stocks and mortgages. The residue, | credly applied” to that purpose. Any diversionof | sinking funds, which snali equal inasmount the. cea penviaons indlipensebls to mosvengent pubs Tun into tie moat iliogical theories. it is believed The following statemént shows the expenditures | betng circulation issued prior to the passage of the | the moneys belonging to tlem to other purposes is | bonds poe et the tolls can be again reduced | nee that the remedial process, by which we are: to and earnings of each 0! the prisons ior the year | General banking law. e Bot secured by any deposit | 8 clear ‘violation of this rat uirement and an act of | and the cost of transportation be iurther dimin- EMINENT DOMAIN. be effectually selieved is one of the utmost sim ending September 30, 1873 :— in the Bank Department bad faith to the public cre a who have made sebea Among the bills left on my hands by the Le; regeee res to gather together at the earliest. Aaraices Received Barcene There were 41 banks incorporated prior to the | loans to the State the ledge _ of expediency of constructing @ ship canal to | lature was‘one authorizing the Common Council of | day possible by purchase or otherwise, a suficient) the from gonad f enactment of tne yeneral banking law that nad | these funds for+ Their re-payment, Yet unite the waters of the Hudson and ake Erie has | One of oor cities in the interior of the to pur- | amount of specie, to enable us to declare our ciz- le ‘tures, not, on the 22d of ‘May last, the date of eae act nag the Legisiature in past years has authorized.| recently given rise to much discussion. At the | chase or acquire lands for a public cem for its | culating paper redeemable in coin, The ‘precise $1282 $24.9 | provide for their final closing, taken any steps the application of these moneys to the expenses of reqs time, with heavy burdens of taxation on | 08, and conferring the right to take such lands | amount meeded maybe the subject of some aim 123,095 ihe ward such closing. Tweive of these have tito the government;.and on the 30th of September, le eof the Poe vn the prevauiing deran; Without the consent of the owner. ~My appro' cov ference of opinion, Dus Rot 20-grent au to GauEe aay! hs ap notice of fual closing under the provisions isr2"tue prec. part of the $11,000,000 then be- Ly, oi bustin id when we should economize | was withheld from this bill from considera! serious embarrassment. ta act. longing to the general, contingent, canal and | our means bye ry practice fe measure of re- | to which I deem it proper opt your attention. The present moment is a most favorable one for uring the fiscal year one bank discontinued | bounty sinking funds bad been used for other | teenchment, it would be idle to teke any ateps to- | The right of every individual to be secured in the.| restoring the country toa solvent condition. The business and 13 worse organized, 11 of which com- | purposes, Comptroller taken measures to | ward the initiation of an enterprise of such magni- undisturbed enjoyment o1 his property lies at the | state of our foreign commerce, the abundance of $8,970 | menced business. Six of these latter were Cc! ed | redress this viofation of the saith of the State tude and _ likely to involve an enormous e. Joundation of res} mp jovernment. It is, | our harvests and our 7 bene vis combine. —————- | from benks organized under the national mvest these funds in permanent securities. ture. Showld it be | Epon St any future day 10 indeed, one of the pri me for which gov- | to inspire confidence ‘ected effort to Totals. 9507.289 | lows, the 30th eptember, 1872, the whole amount so in- | undertake it, | trust 1t may be with our own means | ernments are instituted. ro this fundamental rule | accomplish the objec rn it # the Mig of The a Prison. shows items o/ stock SAVINGS BANKS. vested only $3’ 09. The amount on the | and without tthe embarrassment’ SLB cepetiuars ship there is but one Proper ‘ception. If private | many of our most judicious and experienced bank- on hand aad — unts for the iast tscat ‘There were on the 1st of July last 152 savings | 30th September, 1873, was $2,328,903 65, and @ | with the jederal government. Such a co-operat property is needed for able use-it may be taken | ers and financiers that the government may safely yeah smounting $168,043 42, and that of Sing | banks gpg to the Bank Department Taree further addition of about $900,000 has eince been | was suggested when the Erie Canal was projected; |"by making just compensation tothe owner; = declize now that it will redeem its circulating Let ol unpaid accounts. vi whieh are closing), with assets aggregaung | Made. The residue of the moneys belonging to | but it was, on full consideration, renounced with | the use must be one which is common to all or | notes in specie on the lstof January, 1876, items.and accounts are a virtual reduction | $314,766,770. these fonds will be invested in like manner, as | the declaration on the part of the Executive of the | Which is indispensable to the accomplishment or It is not to be that powerful influences of the fe 1s believed that the ‘The increase in assets during the six months | rapidly as the receipts into the Treasury, applica- | State that our resources were fully adequate to the | some object of public necessity. This be ed of emi- | are likely to be felt in friar and are a are ot 4 present year will showa a rarener Teduction, | ended July 1, 1873, amounted to $9,425,439. The Ls to oer pur, , are realized. itis now repre- | accomplishment of the work without “extraneous | nent domain, as itis denominated, is an incident | work in opposition to easures framed as two of the ‘prisons were turned over to the | number of persons hav having depostts in nese Insti. ted by deficiencies, bank deposits and unpaid | aid.” of sovereignty. and it ia one of the most arbitrary | view to bri about tue | Fesumption wien Due. ‘present Me simost wholly destitute of sup- | tations sey Lg oy ope the number of open a6- taxen, In the meantime, with our ‘ls folly Com- ofl She the Btate it of government, opinion cleanly deman as, _s among piles of a ul kinda. counts 61 Ist day of January, 1673, 2,642, PAYMENT OF STATE TAXES. placed Tor the transport of bulky arty Ges and with this State it has long been exercised for the | ment is row of eras \MON SCHOOLS AND COLLEGES. being an increase of 45,942 deposits during the ee chapter 760.01 the Laws of 1873, it was pro- eas of tas Imes for which Bridece. of constructin, highways, canals and The folowing statement shows the condition of | year then ended. every county should “pay its quota of ol fmbter moran and more aly handled, ridges, and, more recently, for railroads and # the public schoo ag@ the cperatien of the com- Im my annual message in January last, it was Beate taxes into the State treasury, the one-half tere need be no tear thas wo shall be sufierers plying cities and villages with pure and wholeso! mon schoul system torte: year ending September | recommended that a general law snould be passed | on or belore the 15th da; ey April, and the other | trom the participation of our neighbors in the | Water. In the latter case it eae by the fact 80, 1873:— ae the powers Of savings banks and repeal | half on or beiore the lat da, May, in each and } business of ate that the public bealth is concerned, Total receipts, inci fng all special L hi sp Sdisting charters in- x year thereaiter."’ fights mane COMPANTES. Although raliroads ke large the charac- hand September 40, 1874,.1..9.006 Tag rung consistent wit it. It was also su; that the he object of this aon was to secure to the 6 Management of some of-oar rail- | ter or highways an Leia a, the common use Total expenditures ‘or the AY 20 | amount which any one individual should be Btate the payment of the taxes raised in the sev- ae pecans and the losses resulting from it to | of the public on terms rag) law, the dele- Amount paid ior teachers’ ‘wages. a ani allowed to deposit should be limited. Tuese sug- | eral counties im time to meet appropriations mad® | those who have contributed to their construction | gation to them of the tight to take private prop- Amount paid ior scnvol houses, Fe- renewed, with the iurther recom- Ry ge. tare for the expenses of government, | call for some eficient measures of correction. pis gt A? Without the owner’s consent was saldeaion vase’ & <tesveb shee! 2901,082 | Mendation that these institutions sbould not be fequirement {8 not obeyed. In a number of | The ineaiculabie: value he these improvements 18 by many as exceedingly Se value of son and. more than five per cent interest on | counties the treasurcrs during the last year re- | universally conceded. mit are indispensable to pac wan “not conceded without: hesitation by thi Sites... -s0ss/8T,0T0 S10 Geposies. ‘Ihese deposits exceed $300,000,000, and er “ps $100,000 ao for several months after a bite aamanoey they ne ng to cross fegiaatnre, In ajl these cases there ts a Docent, A « 1,786 | the in’ invoived are so serious that the sub- | the fast yaatig eane paying: it into the State ntinent im less time th ‘was required to go | in order to avoid orgpvercome pay hysical o! 4 t is one Of the jt that can engage freamary, has coer ar to the peste. in their. irom ew York'to Buflato halt a ceacary agu; aka for pursuing given irses, and the reltal rood . %,am5 suena of the hel yt con- nelgnbaracod et rest, thas being th Mert owe | Sta they tes and Ce our. doors. pr single ow! Property defeat the y°| shderation ose doves wth can. only be secured | money, in ‘Tagrant viol violgtica of toga lor the! Territories west of + Siasts: object in view, Under such circemetancas she the time jor the term ol the schoei 18,468 by the very best its and by ® moderate Foem ihe benefit. inane, t spe otherwise never have | government deemed it justifiable to ae and Number of Mise fm yjoyed during any ite Of interest to Five per cent in be- part of county eatsenearer ed us. §=6They ought not by oar | to authorize the property to be taken on maxing portion of Noe 20,491 | Heved to be the mi which institutions as gid alter the time fixed} I ation to be rendered unable to perjorm the | just pg gery ny dor it. a chilaren attending ihe ubiis afferd to if sound rules*are applied to for agi It to the State, moneys collected | valuable services. they sre, rendering in bringing 8 no such overruling necessity in selecting’ a8 ++ 1,020,360 "J as. irom ta! ers, thus making a profit out of | distant portions of our widely extended cou! od sites Jor cemeteries. If suitable ground cannot be Bate an Ky is re egy that no director or officer | a breach of their trust. The money thus collected } into virtual contact as im advancing our pros- | obtained in one direction, it maybe Pol ok in some | the meacurive to ad of shia Be een ta 6,535 | of a sa’ bank shall be a director or officer of | is the property of the State from the day the law tan and growth wit! rapidity hitherto un- | other; and there is no reason why the matter | Legislature sitting in the same tine ee in which any bi f discount in whieh its moneys are de- jutres it to be paid into the treasury; and the inown. But itis our ‘duty to 4 our towns should not be leit to agreement by. the. arto To | are assembled the following empnat! ee Pe 130,096 | posited. Institufions fame manayeie aeamoanii ry fome | retention of it beyond that day by s treasurer is | and our citizens, who have aided in their con- | take a man’s property jsom him his wishes “The banishment of metaliic‘money, Mstances id there | not only a virtual conversion of public money to | struction, — inst the reckless and unscrupulous | and remonstrances for such a pu seems tome | commercial confidence, the exhibition of 856,315 | 18 aiwuys a moneys which wv th “deposited his own use, and jn that respect a gross oficial | acts ot the eee by whom they are managed. | @ violation of one oi the first prin ofgovern- | capital, the increase of civil With the iormer and requifed to be invested in per- | abuse in fraud of the law, but itis @ great incon+ | Immense associations ior railroad purposes, | ment. maltipiication of crimes, the injnrious ++ 1,645,260 | MAent securities may enter intu the ordinary | venience to the State Treasury by withholding the | wielding hundreds of millions of doijlars, Chapter 760 of the Laws UE ple orn irdanan ment ot Saas and the dangerous e¢: COLLEGES AND ACADEMIES, business of the latter atrd be loaned ont on dis- ret of satisiying legal demands against it,and | have grown up within the last 60 years; | fer thia right on incorporated rural com credit are among the mischiefs which From the reports o1 the reyents o1 the untverstty, | COUNted notes in violation of tne requirements of justice to parties, whose claims the Legisiay | and wherever great wealth ts accumulai ciations, It authorizes private co! raulons tO ‘this state of things.” which will be made to you, it will be seen that the | the law. The former are established .or the benefit ture as provided for, by postponing the payments | in new forms, we must ex; it to be invaded | take a man’s property from him without his con- ese words Of an illustrious état ty caiee condition Of ibe colicges and academies ts, in all | Of Persons in mouerate circumstances, and every | to which they are nee er through new jorms 01 depredation. We have not | sent ava valuation to be made by others, for the | back to us after a lapse of years tout Reg td respects, satisfactory. in the former the cvurse of | possible precaution shonid be taken to fecure the This ene should be remedied by a legislative | kept pace with the progress of the crimes which | €Xclurive use of its shareholders. Pane bill referred: with strkin, flaelity 0 our prevent. coud! ition, ae ipstructionss antly adapting itself to the re- | #CCOMplishment of the object o. their creation. act, lly ate fired ani hey ts] than Tempel Fy oi densnltagle awe fo capital has. produced by enact- a bad the same oojectionable leature: pnd eadgti fest that no increase in population ‘and weal d uirements of the age. While discipline clas. INSURANOR DEPARTMENT, bt laws for their repression and punish ph ae sale of ividuals, | advance in eral /no ‘ese ‘tir bm) studies have never been. more shoroughir The mumper of tnanranes companies stibieet td u anne much foekon”' that at it pool oud | te bubned inoue ‘The application of the funds belonging to “Thus the Col ofa pio 8 Mer compelling @man | ductive industry, in art 4 vy Givilization, can