New-York daily tribune., 1842-09-10

| other intelligent man VINO travels through our
country. And it is matter of surprise to all of
them that any thinking can be found to raise
a great outcry about q debt Of $4,000, 000.-
Why, sir, debt of s50,OO00o0 is not as much TO
this State now our debt of 81 100000 was when
the Erie Canal was originally constructed. We
were less able to pay 81 100000 when the FIRST
shovel was struck in the construction Of that Ca
nal than we TO pay $50, ,0e0,000. say
on the assertion of eminent fnanciers, and from
my own knowledge of the increased wealth OF this
State from her Internal improvements. This
State is abundanty able 10 complete all her pubic
| works no.c. She need wait zen years.r~E,Ii
year-every month Of delay adds greatly ,c the ul-
innate cost of their completion.
| Do the majority Of this Legislature expect that
all the contractors our public works will stop
| i-discharge their men and let their Rachinery and
materials, already prepared and furnished, go 10
| ruin and not pay them for the loss they have In
Cured through their acts? Mr.. President, they
will soon find that it will cost more to ruin the In
ternal Improvement policy of this State than it
would to carry 1t out.
| If Senators on ths other side, indeed the
friends of the system of Internal Improvements,
! and have mistaken their course and their policy.
can only say that she'll be grat6ed, highly graf
tied in being thus nistaken-and trust they will
convince me of my error by their acts. Let them
come up to the work, and stand shoulder to shoul-
der with as. Let them declare boldly to the world
| that wheteycr other States may do or say, New
York will alaoays pay her debts. Repeal your
| law suseendiag the prosecution of the Pu6iic
| Works-issue or per cent stock-sehd an
1 agent TO Europe who will inform capitalists there
] of the true condition of New-York-of her vast
resources-and you will find money in plenty to
carry on your public works to completion, beyond
a peradventurc.
Capitalists in England now loan their money at
four per cent.-in Holland at three per cens-and
think that fair interest for their investments-
How can it be, then, that the great State OF New
York cannot get a loan at SIX or seven per cent.
There can be no other reason than that they want
confidence in those who ask for the loan. Give
rhem that confidence, then. Show them The entire
ability of New FORK to meet her engagements, and
that she is only able but that she will pay her
jebts whatever may come, and they will press
their money upon you--they will urge US TO take
loans from them. Then may you carry on your
Public Works-then may you continue your sys-
tenn Of Internal Improvement, which has conferred
sogreat benefits upon the people of this State
expect, Mr.. President, to have the principles
have assumed contested l expected TO hear the
Wing policy Of progress in our Improvement Sys-
tenn denounced Is erroneous and wild. In rela'
ZION to that have only remark that there Is moi
single source of human happiness against which
there have not been uttered the mest sorrowiuI
predictions. Turnpike roads and Canals were
Zach in their time to be the ruin of the land All
recollect, have read of the misery that pro-
ohesied would be brought upon this State by the
original construction of the Erie Canal, end all
its fulflment in the desert laughng ,loyousy un
Ter tue bending harvest. And now at this day our
dioned with the Cry of intoierable taxa
lion and deplorable misery to arise from the cause
Of our Internal Improvements; an apprehension
more wild and visionary than any formed by
the most saneuinc friend of our Improvement sys
EN-. Our Railroads and Canals, which add to
he wealth Of the community, and build up our
cities and towns are to be the OF our great
distress. But SO it has always been from the most
stant periods. incubation, that means through
Providence of ridding our land of one of the most
ell plaques that ever lormented mankind, was de-
bounced as u work Of the great enemy of the hu-
nan>race; The use of hops was also declared 10
oe poisonous-and in truth there has never been
my thing that beoame OF general good the
World that was not raiiea against in the most bit
.ar terms, en- its introduction and progress to
completion.
As was well remarked BY Sydney Smiil-,here
always set of worthy and moderately gifted
nen, who bawl out death and ruin upon every val
liable change which the VARYING aspect of human
tfairs absolutely and imperiously requires. And
1t would be extremely useful TO make a collection
,f the hatred and abuse that all these changes
have experienced, which are now admitted to be
marked improvements in condition. We have
consolation, Mr.. President, and that is, if our
opponents, in carrying out the principles of then
party, still refuse to progress with the Public
Works, and persist in allowing them to go 10 ruin,
Itbo lpsa fhn hn, ,cb fl,n,, ,,phf
reasonably expect TO derive from the millions al
ready expended, the time will be but short before
the patience and long suffering of that people will
be taxed to its utmost. and they will arise in their
| might, and by dispacing our opponents remove
the only obstacles in the way of vigorous pros
ecusion of their great system of Public Improve
ments.
And Is, me say, Mr. President, that it is tima
full time, that the people were looking at our sit
uation, unless they ntend to allow themselves to
be deprived of the advantages to result from the
great expenditures already made. l do not use
too strong language when say, we shall be ruined
if we remain much longer in the condition of
pineness and inactivity we present. Great
Britain is pushing on her public works in the
Cenadas regardless of expense, and designs if
possible, to wrcst from u.s. large portion of the
Western trade, which we have heretofore consid-
cred our due, and of the tolls to which we must to
a great extent look for remuneration of our eX-
| tended outays; and if that trade once becomes d-
verted from US, as 1t assuredly will be if works
remain unfinished and imperfect, we shall find
great difficulty in regaining it. Our only course is
to finish at once our enlarged canal, and by tha,
| means Gas all know who understand any thing
about the course of trade) induce transportation
on it, and thus increase the annual receipts on our
public works and enable us to discharge our debts
and construct other works in other parts OF the
State. For us TO pursue the policy indicated by
our opponents is suicidal in the ex,reme-to wait,
,boy tho &c or tolls fron,