All moneys paid to the Treasurer, on account of the School Fund, Literature Fund, Canal Fund, Bank Fund, as well as the General Fund, are deposited to the credit of the Treasurer, in the same manner as if the whole belonged to one fund. In the books of the Comptroller, separate accounts are kept with the several funds, so that the proportion to which each fund is entitled, of the money in the treasury, can readily be ascertained. At the close of each month, a statement of the revenues belonging to the Canal Funds, is made out, and this money is drawn from the treasury, on the warrant of the Comptroller, into the hands of the Commissioners of the Canal Fund, to whom the custody and management of this money is given by title 2, of chap. 9, 1 R. S. The sums paid into the treasury, on account of the Common School, Literature and Bank Funds, are ascertained at the close of the fiscal year, and a settlement is then made between these and the General Fund; the latter being the fund upon which the expenses of the government are charged. The balance of money in the treasury, on the 30th of September, of $97,943.77, as exhibited in the preceding statement, is produced by depositing the revenues of the specific funds in the treasury, and is not a balance which should be considered available for the ordinary expenses of the government. If the balance in the treasury is tested by the receipts and expenditures on account of the General Fund, it will be seen, by the preceding statement, that there is a deficit of $98,589.95. This sum is a debt which the General Fund owes to the specific funds, and such part of it as belongs to the revenue of those funds must be paid on or before the first of February next, as at that time the dividends from the Common School and Literature funds are required to be paid from the treasury, for the use of the schools and academies. In order to pay this debt, and to provide for the current expenditures, the Comptroller will be compelled to borrow the amount which will be paid into the treasury in January next, on account of the Bank Fund, as he is authorized to do by the 5th section, chap. 274, of the Laws of 1833. In the last annual report, p. 3, the bonds and mortgages belonging to the General Fund, were stated to amount to the sum of The amount of bonds received by the Surveyor-General, during the year, on account of General Fund lands, is... $190,596 62 15,661 55 $206,258 17 The bonds and mortgages above referred to, have been assigned to the Common School Fund, by virtue of the first section of chap. 260, of the Laws of 1835; and the sum of $206,258.17, paid into the treasury on account of the capital of the School Fund, has been used for the current expenses of the General Fund. The revenues of the several State canals, and the receipts on account of the Common School, Literature and Bank Funds, pass through the treasury. These, for the fiscal year, amount to the sum of $2,391,607.12, and thus swell the aggregate receipts to the sum of $2,585,892.11; whereas the actual warrants on the treasury, for the support of the government, including the payments to make up deficiencies in the revenues of the lateral canals, amount, for the year, only to the sum of $433,772.74. These expenditures may be classed as follows, viz: Salaries of the Chancellor and Judges of the Supreme and Circuit Courts, State officers, and all office expenses, (as detailed in statement F,)........ Pay of the Legislature, and Court of Errors, includ ing contingent expenses,...... $57,918 80 93,104 30 Payments to schools for deaf and dumb, and other be Expenses for surveys of canals and rail-roads,.... 14,829 10 Advanced for new State-Hall, and for repairs of Capitol, &c.,.... 29,227 23 Interest on General Fund debt,. 38,292 58 Paid to county treasurers, and refunded to purcha- Sundry expenditures, as detailed in statement F,.. Total amount of warrants drawn per report,...... ... 52,579 97 2,018 27 7,326 59 $433,772 74 138 72 Carried forward,.... $433,911 46 Brought forward,.... $433,911 46 And deduct amount of warrants outstanding Sept. 30, 1835,.. 495 65 Leaving the amount actually paid out of the treasury, $433,415 81 The means for defraying these expenses, have been derived from the following sources, viz: Sundry items of revenue paid into the treasury, as detailed in statement E,........... First payments into the treasury on sales of lands,. Received into the treasury for moneys which had been previously paid out on account of non-resident taxes, Received on settlement of accounts with individuals, also for sale of articles belonging to the State, &c. as given in statement E, Loaned from the Bank Fund, per chap. 274, Laws of 1833,... Total receipts, per statement E,.. Cash obtained by transferring to the School Fund all the bonds and mortgages on hand, belonging to the General Fund, .. $9,473 84 7,952 15 43,980 96 3,425 03 129,453 01 $194,284 99 206,258 17 ..$400,543 16 Making the total available means of the General Fund for the year, Which sum, being deducted from $433,415.81, the payments from the treasury, as before given, leaves a deficit for the year, of........ $32,872 65 .... Add to this, the deficit as shown in the last annual report, p. 8, and which has since been paid from the treasury,.. 65,717 30 And the total of the two sums exhibits the deficit on the 30th September, 1835, as given at p. 8, of the present report, being,.... $98,589 95 The foregoing statement affords a brief history of the operations of the treasury for the fiscal year ending on the 30th September, 1835, and its condition at the close of that year. The aggregate warrants drawn on the treasury for the support of the government, are less by $59,815.29 than they were for the preceding year, notwithstanding the increase upon several items of expenditure. The diminution in the aggregate expenditures for this year, compared with the preceding, is principally accounted for by the fact, that the drafts upon the treasury, to make up deficiencies in the revenues of the lateral canals, have been less than for the preceding year, by the sum of ..... And the payments for extra allowances on contracts, $25,499 57 have been less this year than last, by the sum of.. 23,916 20 Making a total diminution in the payments from the treasury, on account of the lateral canals, of the sum of.............. $49,415 77 In the preceding part of this report, an estimate is given of the expenditures for the current year, amounting to the sum of... $384,600 The necessary funds to pay these drafts upon the treasury may be obtained as follows: 1. By borrowing the contributions to the Bank Fund: 2. Receipts from auction and salt duties: 3. The conversion into money of the bonds and mortgages in the hands of the Surveyor-General, for the lands sold at Oswego: 4. From sundry small items of revenue, as given in the estimate, and payments into the treasury on debts due the General Fund. At the legislative session in 1834, an amendment to the Constitution was proposed, in the following words: "Whenever a sufficient amount of money shall be collected and safely invested for the reimbursement of such part as may then be unpaid of the money borrowed for the construction of the Erie and Champlain canals, the tenth section of the seventh article of the Constitution of this State, so far as it relates to the amount of duties on the manufacture of salt, and the amount of duties on goods sold at auction, shall cease and determine: and thereafter the duties on goods sold at auction, excepting therefrom the sum of thirty-three thousand five hundred dollars, otherwise appropriated by the act of the fifteenth of April, one thousand eight hundred and seventeen; and the duties on the manufacture of salt, shall be restored to the General Fund.” This amendment received the sanction of two-thirds of the Legislature in 1835, and at the general election, in the same year, its final ratification by the people. It is estimated by the Commissioners of the Canal Fund, that the sum necessary for the final extinguishment of the Erie and Champlain canal debt, will be provided at a period not more remote than the first of July next; and thereafter the auction and salt duties will be restored to the General Fund. These sources of revenue have been appropriated to the Canal Fund for nineteen years, and have yielded to that fund an aggregate sum of $5,395,529.45. During the same period there has been paid to the city of New-York, out of the moneys received into the treasury from auctioneers, for the support of foreign poor and the New-York hospital, the sum of $636,500. The receipts from auction and salt duties for the year ending 30th September, 1835, have been as follows, viz: Deduct payments to city of New-York from auction receipts,... $244,537 24 118,364 92 $362,902 16 33,500 00 $329,402 16 Nett revenue,.. It is supposed that the receipts from these sources, beyond the payments to the city of New-York, may be $350,000 for the current year; of which sum, $150,000 will be paid to the Canal Fund, and $200,000 to the General Fund. The Surveyor-General has made sale of a part of the public lands at Oswego, for the sum of $154,535. The land which has been sold lies on the west side of the river, being the site of the old Fort Oswego, and which was reserved for public use, and consequently is not embraced in the constitutional appropriation of lands to the School Fund. The construction of the pier by the government of the United States, which forms the harbor at Oswego, has rendered the reservation of this land for the military purposes to which it was formerly applied, altogether unnecessary. Accordingly, a part of the reservation was granted in 1832, for the purposes of a marine rail-way, by virtue of Chapter 196 of |