New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1842-08-18

hundred and snetytree collars The aggregate decrease
OF the revenues from these several thus far,
hundred and nneeyree Thousand hundred and hir
tyone dollars The dis!Ruton the canal revenues has
been mainly experienced in The tolls onmeTchandise passing
from iidewnter into the interior Il probable, however
that the descending business in transporting 10 market the
large agricultural ssprs, furnished by the abundant har
vests, will go Ear towards supplying the deficiency
submit communication from the superintendent,
showing that the manufacture OF SALT seriously embarrassed
by the present runous system the United states
cooperating with the commercial pressure must probably
he altogether renquised before the o. te year.
influence with Congress 10 avert dsaster which would H.
the enbarassents OF the Treasury and be deeply
Our sanes have hitherto constituted element Of our IS
cal strength and have always been regarded as among lhe
possible sacrifice therefore h the General Government of
important interest cannot but excite anxiety and
s of be P 70 Lsa we bv law
OF Congress- payable Ia this State the first OF July
last and proceeded Washington for purpose but was
informed al the Treasury that the apporonnent had not
been compctad and the money had not yet been received
The real Importance OF this revenue is rot at all affected by
the amount which yields at this ime the national
domain remains undininshed except by sales Whether
the ofevenue be temporarily obucted al pres
emit or aow onward with strong and increasing current
at prosperous periods lis ultimate benefits must be
This State having long and unfarmy expressed opinions
in favor of protecting national industry by adequate Ia
riff must be occasion of general regret that The Pres
dent persevengIy opposes and defeats the passage of laws
designed 10 accomplish that object And regret is
mingled with surprise when consider that is al least
doubtful whether there any legal authority fer the I'M
indicates determination 10 defeat any tariff law that can
he passed. except be accompanied by REIMBURSEMENT OF
otherwise than incidentally and also by diversion from
The States OF the revenues arising from The public domain
Government upon citizens would seem, of all others to
belong properly 10 the Legislature. II can Tot for mo-
ent he opposed that the founders OF the Constitution
tended Thai the Executive should dictate ia the National
Congress- laws regulating revenue ard finance.
The r., fourth OF July last completed Quarter OF century
y this state Within that period, artificial navigation has
been opened throughout distances equal to eight hundred
and tree miles, and the use OF animal power in ranspor
a,on has given place 10 the Steam engine routes
hundred and fifty seven miles in length Navigation has
been established from the tle-watcr Lake Champain,
Lake Oneida Lake Ontario, Caynga lake, Crooked lake
and Lake Erie and the Mohawk and ths oswego to the
and The Genesee The ST Lawrence the Delaware
and the Susquehauna rivers. Not only has frontier
trade which sought distaat markets, been ncalcuaby in
.heres OF Lake Huron Lake Michigan and Lake Superior,
md the banks of The Ohio. the Miami and The Wabash have
seen reached by our vessels and the inconsiderabe
summit OF The Aeghanes 10 The banks OF the has
%rown into Immense trade and become largely tributary
10 the same fortunate metropolis
Meanwhl canals and railroads have been connected
with similar systems thousand miles in length, in the East
States. and with still extended artificial channels
in the communities beyond southern border Our rev
Gao in s4 our School and Literature Funds have been
doubled the districts of the State have become the
homes of an intelligent and Industrious populations; four
ourishng cities and upwards of an hundred Incorporated
villages have been called into existence; our commercial
emporium has ebed in population and added one hundred
and physical strength OF the whee Commonwealth have
augmented in almost an equal proportion and The States
political compact and the danger of dsmemberment hap
PLY avertd OF the system which has, though yet incom-
pete produced these wonderful results Newly was the
projectors and she may point TO il as column designed
and shaped by herself 10 strengthen and perpeuae the ma
tional structure.
But this high career of prosperous and well directed
terprse has been brought to sudden and Illuminating
s sine ns o for h
nal Governor OF the State OF New York. IN meeting the
Legislature finds to the eo 2T, '
care OF The public works have arrested all proceedings in
the the auxiliary works rho New York and Ere Railroad,
with the exception OF forysx miles from the eastern teri
lies in unfinished ia 9onE the Gns
from the Waikiki 10 Lake Erie. The Genesee Valley Ca
nal excepting the portion between Dansvle and Roches-
ter also lies in hopeless abandonment The Black River
Canal, which more than twohlrds completed du-
ring the last year, has been left wholly unavailable.
AS il this enough, railroads towards the con-
sucon Of which the State had contributed half mlilsn
Of dollars and public spirited citizens large sums 10 addi-
ton have brought forced sale and sacrificed at
almost total loss the treasury without yielding any in
demnity tue stockholders, and without even securing
of the improvements At the time the Jesouses,
alike unjust and unwse, which have SO long delayed the
ed with expectations authorized by official announcement
similar sacrifice of that work as the sale can be
compelled by lava sacrifice which must r, suit in loss
to the ,reaslry of three millions Of dollars and to bene
contributors of nearly two millions in addition and
final ovehrowo all the long chershed and highly excited
hopes depending the Accomplishment OF that enterprise
The painful emotions excited by the condition TO which
the public works thus reduced might be somewhat
prosecution would be resumed within any reasonable peri
Cd But the provisions OF the law suspendng those works.
on which enacted with every rational view which
be taken os tendency, forbid any such expectation
The policy of the plainly is that the debt OF the State
shall in no event be increased for the prosecution of i'm
provements; nay, farther that the whole OF the existing
debts shall be exnguscd before any additional sum be
borrowed and The accruing nsead OF being ap
propraed as heretofore to The prosecution OF the WORKS.
fund for the exnguishmen of the existing ebts, although
Nth 1n. hose debts ars had n y n
render any farther progress IN cur public works wholly h
practicable The presen, generation, if this law continue
will only remain for them pay the whole cost of works
in great degree useless because LETT unfinished and has
tening rapidly TO diapdaon and rain.
The objects which the Legislature had in view in direct
ing The suspension OF the public works were declared to be
means of paying the debts derived from revenues and
But the State far from diminishing has increased
lis Indebtedness by becoming liable to contractors for hey
damages which might have been avoided by prosecuting
the works while by disseminating the necessary enlarge
of the Erie CaHa the increase of revenues hitherto so
constant and confidently relied upon the reimburse
ment the debts is checked and ultimately
simultaneously with commencement OF his policy,
new mode of stating the public accounts adopted
Debts from The itself, and debts for the pay
OF which funds had been invested and set apart
added the aggregate of debts for which provision had
been made the conditional guaranty of the credit of the
NewYork and Erie Railroad Company converted in
IN fixed debt by withholding the aid necessary 10 com.
plete their road aud render productive and other SINH
lar guarantees in regard which there had been deaH
Indications OF default by the principals first liable were
made 10 swell the aggregate Indebtedness with which it
represented that the Treasury was oppressed.
The principle that improvements were TO be alade
exclusively the credit of their revenues and without
burthenns the people, abandoned by levyng tax
exceeding six hundred thousand dollars, bearing alike on
districts the least well those ,he most benefited
by the construction the works Nor has the expectation
OF restoring stocks of the State their former high val
uaton been adequately reazed and certainly not TO any
extent commensurate with the sacrifices which have been
made The fiscal officers Of The State not now able TO
negotiate loans per cent except occasionally
Tor small Under these circumstances the inquiry
arises whether the policy thus attempted ought to be con-
tnued An imperative sese of duty compes me again to
views have been taken OF the causes of