NEW YOEK. 



the Legislature was caused by the change iu 

 the views of the President of the Senate 

 (Scovill), who held the casting vote between 

 parties in that body. The constitutional amend- 

 ment, article 14th, was passed in the Senate on 

 the llth, by eleven votes in its favor, the ten 

 Democrats not voting. In the House the vote 

 was yeas 34, nays 24. The act of Congress re- 

 quires the election of a United States Senator 

 to take place on the second Tuesday after the 

 commencement of the session. On the 19th 

 both houses of the Legislature met in joint 

 convention and declared Mr. A. G. Cattell 

 elected by 44 votes. The Democratic members 

 did not vote, but presented a protest, which was 

 entered on the minutes. The grounds of their 

 action were: 1. That there was no vacancy; 

 2. Because the act of Congress of July 25, 

 1866, under which it was proposed to make the 

 election, was unconstitutional. 



The State election in November was for the 

 choice of members of Congress, members of 

 the lower House, and one-third of the Sen- 

 ate of the State Legislature. Of the five mem- 

 bers of Congress elected, three were Republi- 

 cans and two Conservatives, or Democrats. 

 The new Legislature was divided as follows : 



Senate. House. 



Republicans 13 33 



Democrats : . . . . 8 27 



Republican majority 5 6 



NEW YORK. The finances of this State at 

 the close of the fiscal year, September 30, 1866, 

 stood as follows : 



GENERAL FUND. 



Deficiency in the revenue, Sept, 30, 1865. $1,179,394 06 



Payments of the year 8,934,759 38 



$10,114,153 44 



Receipts 7,490,415 76 



Deficiency of the revenue, Sept. 80, 1866 2,622,637 68 



There was due at the- close of the fiscal year 

 from the city of New York, $2,433,903.09, 

 applicable to the reduction of the above de- 

 ficiency of $2,623,637.68. 



OTHER FUNDS. 

 Payments of the year on account of all the 



funds except the canal fund $13,651,102 36 



Balance in the treasury, Sept. 



80,1865 $90,569 78 



Receipts of year 12,485,574 82 



$12,576,144 60 



Amount overdrawn, Sept. 30, 1866. $1,074,957 76 



GENERAL FUND STATE DEBT. 



Amount of debt, Sept. 80, 1S65. $6,050,954 87 



Stock redeemed during the year . . 408,331 15 



Amount of debt, Sept. 30, 1866. $5,642,623 22 



The following is a comparative statement of 

 the aggregate State debt : 



The receipts from the three principal 

 of general fund revenue were : 



Saltduties $70,411 66 



Auction duties 269,720 23 



Taxes 5,674,87525 



Total $6,015,007 14 



The estimate of taxes is 



For general fund 1J mills. 



For schools | mill. 



For canals J mill. 



Bounty loan 3 mills. 



The State tax levied in 1866 was 5 T 9 g- mills, 

 for the following purposes : for schools, f of a 

 mill ; for general purposes, If mills ; for canals, 

 j-f of a mill ; for the bounty debt, 2 mills. 



The direct tax levied in 1865, and payable 

 during the last fiscal year, amounted to $6,033,- 

 817.34, exclusive of the -J mill tax for school 

 purposes and county treasurer's fees. 



The comptroller regarded the present system 

 of managing the United States deposit fund as 

 cumbrous and unsafe, and recommended the 

 calling in of the mortgage loans of the deposit 

 fund, and investing the money in stocks of the 

 State of New York or of the United States. 

 The ascertained losses during the past five 

 years, from defalcations, inadequate security, 

 and other causes, reduce the net revenue to 

 between five and six per cent., although the 

 loans are made at seven. At five per cent., the 

 annual difference between the nominal and the 

 real revenue would be about $70,000. The 

 comptroller also recommended that, while real 

 estate was assessed at not more than half its real 

 value, and the larger portion of personal prop- 

 erty escaped altogether, sworn returns should 

 be required, and more stringent provisions 

 adopted for the assessment of all kinds of prop 

 erty, and that for that purpose the State Board 

 of Equalization should be clothed with addi- 

 tional powers. 



The following is a detailed statement of the 

 condition of the canal fund for the fiscal year 

 ending September 30, 1866 : 



RECEIPTS AND PAYMENTS. 



Balance in the treasury and invested, October 



1, 1865 $3,922,950 14 



Received during the year. 6,704,292 89 



%10,627,278 03 

 Payments 5,742,638 91 



Leaving a balance, Sept 80, 1666, of $4,884,634 12 



REVENUES DURING THE FISCAL YEAR. 



From tolls $4,248.931 17 



Kent of surplus water '. 4,293 75 



Interest on current canal revenues 8S,249 73 



Miscellaneous receipts 18,271 47 



$4,309,746 12 

 EXPENSES. 



To canal commissioners for re- 

 pairs $255,?65 20 



To contractors for repairs 685,446 80 



To superintendents for repairs... 292,811 89 



To collectors for salaries, clerk 

 hire, pay of inspectors and ex- 

 penses of collectors' offices 74.584 3^ 



