Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-05-01

Gated to the Senate during its present session Ds
cument No. So particularly statement 8, shows,
3S,56S tons Of -four arriving at Buffalo and Black
Rock, during the last year, and increase in the
quantity over the previous year Of Y $50 tons The
same cause must continue to produce the same result
Second, the new States, like Michigan, instead OF
being consumers, will become exporters of their
own products. As the lands are cleared, popuia-
ton increases, additional Iaborers are employed in
agriculture, these products must go on augmentng
ard multiplying to an extent which it is imp ssible
to calculate, and which can be limited only by the
wants oil market. The eastern part of this State,
the city OF New York, and above all, the New
England States, furnish market nearly as ilmit-
able as the supply. The manufacturers of the east
furnish the equivalents of exchange for the bread
stus OF the west The must be fed, and the othe
must be clothed and provided with iron, glass, and
other innumerabe articles, the product Of Amer an
labor. This trade, to which we barely alude, and
do not undertake to describe, must pass through
great thoroughtare. 1t appears to the Board, that it
can only be necessary to ask the attention of any
hectng mind to this trade, to induce firm convic
ton, that so long the physical wants Of man re-
main the same and the relative position Of the east
and the west continue, there must inevitably be a
steady and regular increase in the tonnage of
nails, and of course in the income; and for the
sons already given, this increase must be in greater
ratio in the ensuing seven years, than in in any for
mer periods.
THERE'S one important consideration in this con-
nexi that must not be omitted. The more distant
the greater will be the tolls it, ton entering at
Buffalo pays more than double the amount that would
be charged on fentering at Syracuse. OF course all
the flour, provisions, and heavy freight which may
be shipped from the west to Buffalo, is dOubly va
liable as source of revenue to that obtained Of
the middle point Of the canal In this view Of the
subject, it will be that the increase during the
last fourteen years the evsnues from the trade on
the canals, which has been internal and mostly con
fined to the products Of our own State, altogether
fails as measure Of the augmentation to be derived
from the tolls on products from Ohio, Michigan, and
other western and southeastern States.
Again, the same course Of remark is applicable to
merchandise ascending the canal. That which pro
ceeds to Buffalo, of course pays a larger amount of
toll than that which stops at any other polat the
proportion in which the western states furnish flour
for the New York market, will be their ability to
procure merchandise. The tolls spon it are double
those upon the descending freights; and il in
large proportion.
There ether causes which may affect this
question OF increase; but desire to render this
port brief possible, and to present those views
only which Of practical character, and bearing
directly and papabiy upon the subject induces the
Board to omit the consideration of those causes In
reference to those which have been discussed viz:
LIST, the accelerated increase in equence Of the
large amount of business already done the canals
I'd, the opening of new channels Of communication
with our great thoroughfare; and Sd, an augmenta.
tian In those articles, which from their bulk and
ght and from their being trans the greatest
distances produce the largest amount Of tolls such
as bread stufs provisions, salt and COAL and the
turn merchandise for the western states. the Canal
Beard lind every reason for believing that the esti
mate OF the probable income for the next seven
years, which they have given, will be than
ased Indeed, it is their firm belief those esti
mates are underrated and that the arithmetica ratio
of increase, which they have presented, is too mar
row for the new, natural and they believe inevitable
causes which will intervene, constantly acceleraing
the augmentation Of business on the canals.
The next inquiry in the resolution Of the Assem-
bly, which seems most properly to follow that area
dy answered, is as follows At what peri"' 81
ume' and ,,m what sources ofreyenue car esIo y
ZIG s6l of canal debt unprovided TO- -, h. nai and
extinsuished with new loS" or direct t,xatien for
that purpose %
The above amount of debt is taken from the report
OF the Commits soners Of the Canal Fund, at p. 81,
where the whole amount outstanding is stated at
Sl2, 1863 1893 GO
The sum for which pro.
vision is made, is
there stated at 81, 1872 53i 81