The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-02-01
Albany.

ALBANY, Saturday, January ~, 1872
There has been an interesting debate on the bill
to provide for the Improvement Of the Chemung
Canal and feeaer, which developed the eontrariety
Of opinion existing in the ranks Of the demoe ratio
party, ~ to the TO be pursued in regard to
the internal improvement policy. Mr.. HorrMAN's
peculiar, and in my humble opinion, just views ON
the subject, do not appearts be concurred in by the
whole Of his friends. There are some who, while
they profess strong desire to change the policy of
the State in this natter and to retrench and REFORM
yet when any local improvement, in which they
constituents are directly interested or concerned,
their patriotism is fled, and they care not how or
BY what means the money is raised, SO long as it
Is lavished on their pet project. This is the case
with the Chemung Canal bill.
Mr.. HATHAWAY, from Chemung, took the ground
that it was impossible to raise money at this time,
matter how good the security might be- at six per
cent, and by the amendment offered by Mr.. HoFF-
NAN, restricting it to that rate, the bill was utterly
useless and unsatisfactory. Mr.. H. depicted the
Inconvenience and suferings of the people along
the line of this canal from the fact of its useless
ness. H ned the House to beware, or their
might hear music from that quarter, not quite so
pleasing as last fall.
money articles of the Herald TO show the effect an
emission of a seven per cent stock would have up
on the other stocks in market: He would support
Ms. HoHman's amendment.
Mr. HUBBARD, of st. Eawrence, remarked that
the majority came here preaching retTenchment
and reform, and a change Of measures, and it was
but right their practice would BIS the same. He
had no doubt those interested in the completion
Of the Chemung Canal, suffered under all the in
convenience depicted so eloquently by the gentle
man from Chemung. The people Of the section Of
the State which he had the honor to represent in
part had for years past been suffering the greatest
nconv enienee from the want OF means 10 get their
produce to market. They asked last year for the
small appropriation of $1,000, to enable them to
carry on the northern railroad. From the want
Of this road, thousands of dollars worth Of pro-
duce was unable 10 be got to market Their lead
and iron mills were rendered useless, and millions
Of feet Of lumber were unable to be got to mar
ket Yet they knew the State was in debt. en-
barrassed, and therefore they did not press their
claims. Mr.. H. contendsd that il this bill was
passed, the gates would at once be thrown open to
lavish expenditure, and irretrievable ruin to the
State would be the result. Mr.. H. spoke further
in support of Mr.. Hoffman's amendment, arguing
that unwse for the State to increase the debt
unless means were at the same time provided for its
repayment, even If resort to direct taxation
should be rendered necessary.
Gen. HUMPHREY, of Tompkins, spoke at length
in opposition to the amendment. His arguments
were the same as those adduced BY him yesterday.
ne tO0A inc ground, tnat AL tne nnehcleHn8 ana
study Of finance az branch of political hambuggs.
~, was mere humbug, and useless. Money, Like
water, woald find its level and the rate of interest
was regulated by the demand and supply. He de-
MED that this bill proposed to issue Z per cent
stock. 1t only proposed, in the money could
not by any msans be raised atsix per cent. and a.
1t was necessary that the money should be forth
coming, in that event resort might be had to seven
per cent. Mr. II spoke at great length. Mr.. Red.
dlngton Of st. Lawrence, Mr.. Baker of Oneida, and
Mr. Caryl Of Otsego, spoke in support Of the
amendment. and their arguments were to The Same
purport as Mr.. Hurlbard's.
Mr.. HOFFMAN then rose, and spoke until the
committee rose and reported His views were the
same rs those offered by him in the debate yester-
motipns were made 10 rise and report, but de-
termination was evinced by majority to bring the
discussion to close to-day, but the want Of dinner
was too strong for some Of the members, and the
motion to rise was at length successful.
In the Senate, after a long debate. they refused
to concur in the joint resoluriontf the Assembly,
resembling the jaInt resolution of $780, in regard TO
the printing Of 100 extra copies Of documents, SO.
Mr.. Rhoadcs ofe red resolution proposing to print
all original bills, a matter Of course, which was
rejected.
Mr.. Roor submitted preamble and resolution
(reciting the Governors Message) in relation to
the journals. The General viii thus succeed in
getting the message of his Excelleney the jour
nails in some shape at last. On Monday, it is pro-
and one Of strong censure to the Governor substtu
ted Thus will drop, II s to be hoped, Ibis useless
waste of time, which has characterized the pro-
ceedings Of the Senate for the past week
Mr.. FRANKLIN's resolutions in regard to repadi-
alton were then taken, and Gen. Root debated them
until the hour Of adjournment.
CAVE ULcIscAR.