A Century in the Comptroller's Office, State of New York, 1797 to 1897 — John Shaqi
A Century in the Comptroller's Office, State of New York, 1797 to 1897Roberts, James A. (James Arthur)
History
A Century in the Comptroller's Office, State of New York, 1797 to 1897
Roberts, James A. (James Arthur)
Finance -- New York (State); New York (State) -- Biography; New York (State). Comptroller's Office
On January 1, 1862, Lucius Robinson, an able lawyer of Elmira, assumed
the duties of the office. Mr. Robinson was a Democrat, but at the
breaking out of the war he was strongly for the Union cause, and it was
on the Union ticket that he was elected Comptroller, and he was
re-elected on the same ticket in 1863. At the close of the war, he
resumed his place in the Democratic party, from which he had never been
fully estranged. He ran as a Democrat against Thomas Hillhouse, in 1865,
and was beaten. He had been District Attorney of Greene county from 1837
to 1839, and Member of Assembly from Chemung county in 1860 and 1861. He
was re-elected Comptroller in November, 1863, and again in November,
1875. He was a member of the Constitutional Commission of 1872, Governor
of this State for the years 1877, 1878 and 1879, and defeated for
re-election in November, 1879, by Alonzo B. Cornell. He was Comptroller
during the dark days of our Civil War. At no period, however, of its
history was the work of the office more carefully managed. For the six
years from 1860 to 1866, the canal and general fund debts were reduced
$8,000,000. In the four years of the war, the State expenditures for
arms, bounties, clothing, equipments and various military purposes were
upwards of $20,000,000. To meet these large and abnormal expenses,
required of the Comptroller resourceful ability. When specie was at a
high premium in 1863 and 1864, Mr. Robinson earnestly recommended the
payment of the State's bonded debt, both principal and interest, in
specie. The Legislature, however, disregarded the recommendation. There
was precedent in the office for such a course. Comptroller Flagg, upon
the suspension of specie payment in 1837, made good the difference
between the depreciated currency and coin. Comptroller Allen followed
the lead of Mr. Robinson, and urged the payment of these debts in coin.
This was not done, however, until 1870, when the State went into the
open market and bought coin to pay the interest on its bonds, and
continued this policy until the resumption of specie payment in 1879.
This course, however, was not pursued with reference to the bounty debt.
In 1865, against the advice and almost protest of the Comptroller, the
Legislature assumed the bounty debt of the various counties of the
State, and for that purpose it became necessary for the State to issue
its bonds to the amount of $27,644,000. The act authorizing the creation
of the debt provided for a sinking fund, and the managing of this fund
and the issuing of the bonds was given to the Comptroller. This debt was
extinguished year by year until it disappeared from the Comptroller's
books in 1877. It was during Mr. Robinson's term, in 1863, that $66,000
were appropriated to purchase the lands adjoining the then Capitol, and
bounded by State, Hawk and Congress streets. This was probably the
first money expended on "That lofty pile where senates dictate laws."
[Illustration: Tho Hillhouse (signature)
Public-domain text, read in full here on John Shaqi.
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