656 



NEW YORK. 



On the democratic ticket. 



The first fourteen of the Congressional dis- 

 tricts gave majorities for Seymour, and the 

 other 17 districts gave majorities for "Wads- 

 worth. The vote in these districts, as com- 

 pared with the vote of 1860, was as follows : 



Democrat. 

 9 

 64 



In the interior of the State there was an 

 actual gain of 2,894 on the side of the demo- 

 crats, while there was a decline of 40,665 in 

 the number of votes cast. The votes for 

 members of the Legislature divided that body 

 as follows : 



Republican. 



Senate 23 



House 64 



The revenue of the State of New York for 

 the year 1862 was greatly improved, through 

 the increased receipts from the canals, derived 

 as well from enlarged tonnage as from higher 

 tolls, which in gross reached the large sum 

 of $5,180,000, of which $4,854,989.67 were net 

 receipts, an excess of $946,254 over the pre- 

 vious year. The whole receipts of the treasury 

 were as follows : 



Receipts from all sources October 1, 1861, to 



September 30, 1862 $20,840,918 20 



Payments same period 18,165,233 86 



Excess receipts $2,675,684 34 



Balance October 1, 1861 3,074,941 85 



In treasury October, 1862 5,750,626 19 



The operation of the canal department was 

 as follow^: 



On hand October 1, 1861 $2,604,621 25 



Canal tolls for fiscal year 4,854,989 67 



Proceeds from taxes for fiscal year 2 J69,623 00 



Other sources 168,881 61 



Total $10,393,115 62 



Balance on hand September 80, 1862 



Stock paid $2,120,000 00 



Interest of debt 1,429,859 36 



Repairs, &c.,-on canals 1,758,621 33 



Miscellaneous objects 509,332 10 



Total .. $5,808,811 79 



4,589,303 88 



The sum of the principal and interest of the 

 debt paid during the year, $3,549,857.36, was 

 paid in specie, at considerably increased expense 

 to the State, since none of its revenues were paid 

 in coin, which was at a high premium. With 

 the depreciation of the Federal paper, this 

 charge is likely to prove onerous. The tolls 

 and canal dues are payable in the bankable cur- 

 rency of the State, and the State deposits in 

 banks are payable in the legal tender of the 



Government. The State honor and credit were 

 held to require the payment of its debts in the 

 currency, specie, in which they were contract- 

 ed. When the Federal Government, therefore, 

 imposed upon the State a depreciated currency 

 for its revenues, it subjected it to a tax of over 

 $1,000.000 to buy coin with which to pay 

 interest. This was not the only mode, how- 

 ever, in which the Federal Government ab- 

 sorbed the means of the State. An act of 



