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1st Jan 1st January accounts acres ALBANY Amount bro't forward Amount of debt amount of tolls annual income annual int applied Atlantic Ocean Auction duties average Balance belonging bove burden calculation Canal Commissioners canal fund bonds canal revenue canal stock Carried forward circum commissioners consider completion Comptroller considerable constitution corporations crease debt created Deduct revenue disposal equal estimated expenditure expenses extinguished five per cent foreign importation future gislature hereafter increase interest Janu Lands given Lawrence legislature loaned to individuals manner mode of investment moneys navigable communications NEW-YORK northern lakes old stock Onondaga salt springs operation paid paying payment period pledged Premium present canal debt principal produced promptly purchase reasonable redeemable 1st July respectfully Salt duties Salt Springs reservation school fund stances Steuben county stock reimbursable submitted supply surplus revenue Temporary loan thereon timate tinguish tion treasury unsold lands western and northern yearly
Page 3 - March, one thousand eight hundred and twenty-one, shall be imposed on, and collected from all parts of the navigable communications between the great western and northern lakes, and the Atlantic ocean...
Page 5 - March, one thousand eight hundred and twenty, in lieu of the tax upon steamboat passengers; shall be and remain inviolably appropriated and applied to the completion of such navigable communications, and to the payment of the interest, and reimbursement of the capital of the money already borrowed, or which hereafter shall be borrowed, to make and complete the same.
Page 9 - Thereafter, the legislature, by chapter 279 of the Laws of 1824, passed an act entitled " An Act to connect the Erie canal with the waters of Lake Ontario and the St. Lawrence," in and by which the construction of the first Oswego canal by the State was authorized. In and by virtue of this act and the aforesaid section 10 of chapter 241 of the Laws of 1823, the State took over and completed the hydraulic canal of the said Oswego Canal Company for the purpose of a navigation...
Page 3 - A communication from the Commissioners of the Canal Fund, was read, in the words following, to wit : To the Legislature of the State of New- York. The Commissioners of the Canal Fund, pursuant to chapter nine, title two of the first part of the Revised Statutes, respectfully submit the following report : [See Document No.
Page 6 - ... and northern Lakes, and the Atlantic Ocean," by adding to it any expenditures for other canals, and from appropriating directly, or indirectly, any part of the canal revenue, towards these expenditures, until the debt created in constructing these navigable communications shall be paid.
Page 14 - From the views taken by the commissioners, it appears reasonable to indulge the hope, that within the space of ten years, the canal debt may be extinguished; and this copious stream of revenue, yielding, according to the most moderate estimates, an annual income of more than...