{"newspaper_name": "New-York daily tribune.", "edition": "01", "page": "p1", "byline": ""}
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l6S9S,s15 81 An. Int. or entire debt, ,7ol 81


The revenues of the Canals for the year ending
The SOth September, 1874, were 2,Sl9, 2lS 10
From the opening OF our Canals there has been
aaiorm and steady increase in the transit OF prop
sIty upon, and of the revenues derived from them.
ihe annual interest on your outstanding Canal
Oebi alter 1916 will be S9J7,7O 81. Your net Ca
aai Revenues, on the supposltlon that they wllnot
Increase beyond those OF the past year, after de-
Quoting the cost of superintendence and repair, will
o Sli2, 400 Ga Deductins the above amount Of
na'eTesl, and the S200,0OO charged upon the Canal
AeveGars for the ordinary expenditures Of the
Sale, clear ne, surplus of S6S4 600 81 wiremain,
@aich II exclusively SET apart for the payment OF
9e Canal Debt and invested as a sinking fund, al
ase per cent interest, will ex,nsuish that debt in
NE year 1861.


The nominal Canal Debt of the State Oh he Both
September, 1874, was S20,7lS 905 So This
Snonnt embraces Of cid Erie and Cbampain Canal
Noek, al that time unyedeemed, l,12l, ,724 81
As provision was made at an early day for the re-
cemption ot this sleek by funds SIT apart and ledg
20 Tor tna purpose, 1t should be deducteG from the
nominai amonn, OF Canal Debt, which would leave
hat amount SIS ,9s2, $50 IL This debt was iacur
red tor the following purposes, and under laws
P&ssed Ut the following periods Under laws passed
Nlor 10 1888:


Eo the construction Of the os~eso Canal s4a so4 90


Cayuys g. Seneca o.- ono mn