MESSAGE FROM THE GOVERNOR. TO THE SENATE AND ASSEMBLY. FELLOW CITIZENS : In the discharge of so much of the duty imposed by the Constitution, requiring me to communicate annually to you the condition of the State, as relates to its fiscal affairs, I refer you to the annual report of the Comptroller, which will be laid before you at an early day. By that document you will be informed that the indebtedness of the State, on the 30th September last was as follows: The liabilities of the State, on account of railroads, which may be set down as contingent State debts, Brought forward,.... The revenues from the canals for the year ending were, Leaving an aggregate of surplus revenues of..... From this sum there has been taken the contributions to the several Sinking Funds, under the "seventh" article of the Constitution, amounting in the aggregate, to...... Leaving a balance, of...... $24,446,590 43 3,473,484 60 643,766 08 $2,829,718 52 1,850,000 00 $979,718 52 This last mentioned sum is pledged by the Constitution to the enlargement of the Erie and the completion of the Genesee Valley and Black River canals. Appropriations have been made by your predecessors embracing the whole sum, and anticipating twenty-nine thousand dollars of the surplus revenues of the current year. The receipts of tolls since the 30th of September last, amount to one million four hundred and nineteen thousand four hundred and twenty-three dollars and seventy-five cents. The expenditures for the same period have not yet been ascertained. The amount of the State stocks originally issued and made payable on the first day of July next, is..... Of this there has been redeemed, Leaving a balance outstanding of... To this is to be added nine months interest on the entire canal debt from 30th September, 1847, to To meet this indebtedness at maturity, there will be derived from the Sinking Fund under the Con Carried forward, $1,584,736 00 346,006 00 $1,238,730 00 685,335 67 $1,924,065 67 |