New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1842-06-21
ssovpiug the Public Works-Niagara, &c.


apon the yariou. interests produced by The stop
PAGE Of the Public Work.. under The auspices Of
Nc..rs. Young, Hoffman, Grout & Coz by our
last q trust) Loco-Foco Legislature. HE an
swcrs have received are Of uniform tenor. DO
no, know that the pressure for money Is 'e'eIei
than II hs. been AT some other times, but Tie
scarcity Of money j.. think. greater thsn ever
| The contraction Of the Circulating Medium j. De-
yond all precedent, and. unless an efficient ann
10 sneedjv adopted II ha- not yet reached ~ end
have hoard Of one Bank which bad a circulation OF
$50 600 last Ocrober; it was required 20 redeem
il all down to $4,000 before the 1t Of May and
since tha, time $4,000 Of the residue ha- come
in. so that It's entire paper aloat is now 100000
In another case Cashier lately remarked 70 4
customer-"I yesterday discounted $500 to man
in another County fifty miles oil, and here are the
very notes ] paid him come back to-day or
course, nearly every article OF produce i down to
,s lowest point; and hear that Wool j., selling
for p TO 81 cents and but small part Of the pay
cash at that.
In the midst Of this general depression comes a
peremptory order from our Loco-f oco autLoriue,
to stop all work on the Canals. and three OF four
thousand laborers are thrown out Of work at
blow. They are generally OF foreign birth and un-
acquainted with any modes Of agriculture but
we're it otherwise, the Farmers can neither afford
to hire them nor find money 10 pay them. Nothing
but hca, bring, any thing like living price, and
the growing Of Wheat employs but few hands eN-
cept in the sowing and harvesting season, and then
they must be- skiliul. The poor lrshmen thus
driven of the State Works have but miserable
look for subsistence. There is little building.
clearing or improving, by reason Of the hardness
Of the times; they find themselves met in al the
open channels Of employment by men more expo
rcnced and skilful than they, and who secured
what labor there is 10 do before the Canal work
was stopped; there seems nothing left for them.
All along the Canals, but especially around SYRIA
cuse and Lochport, there are hundreds of unav0d-
ably idle stonc-outters, dIggers Sc, whose iani-
lies are suffering for the neccssaric, Of life. There
is no iaslt their part they willing to work
at any thing, and any conceivable price; they
even submit to THAT detcstcd system of barter
known as storc-pay,' because there is no money,
aud they are glad to earn any thing. ! have heard
with puin of sorne instances in which they have
been obliged to take -tore-pay excluding Flour,
that being esteemed casn article, while it is TO
them the first necessary Of life. The plea of the
employers is that the. do the best they can afford;
If the men can do better, they are most welcome
tie do 50 bu, it is not in their power to pay cash
or It's equivalent for Nny work which may be
postponed to n more favorable day.
The mandate of Young, Hoffman & Co that the
Public Work. should be stopped has been enierc-
ed with unrea.onins, unrelenting severity. No
circumstances are allowed 10 break it, force. In
every instance the contractors nave offered To GO
on and finish their Jobs, now that provisions and
labor are 50 low and trust the State until Il more
rational and considerate Legislature shall make
provision for their payment. Tho answer is inlexi-
bly, Go on at your peril Understand that one
heavy contractor at Lockport has resolved, rather
than see his men famish around him and so taSora-
bic an opportunity wasted, 10 resume mis- work,
and see if the threatened powers ofChancery will
arrest him in the faithful fulGlment of his solemn
contract with the State,
The enormous loss inflicted on the State by this
Loco-Foco policy cannot be overlooked. Every
contractor will bring forward hi. claim first for
the interruption Of his business including such con-
tracts, and the heavy expense OF putting his mate
rails out of the way of damage; secondly. for be-
ing prevented from completing his Job al time
when every thing was lowest and labor abund-
ant, ! am informed that in one instance it was
represcnted To- the Comm- soncrs that it would
cost but nine dollar, more to complete certain
heavy lock than it would TO put the materials out
of the way and in safe keeping. The answer was
-" IL il costs one dollar more stop at once. -
And thus the State is savings few thousands in
interest at a sacrifice ofmillions Can this stand
The Great Cataract is a, wondrousy magnificent
ever. The houses are all open-the Cataract
and Eagle in excellent order, and presume the
others likewise. There is already large number
gathered here from all parts OF the Union, and it
is daily increasing. II. G.
The CAriSEr.-Thc Philadelphia North Amer
lean, on the authority OF letter from Washington,
say. that the Tariff Bin rciH be vetoed, and that
the President will call u his aid tho Rcpubli-
cans (Loco-Foco aud endea,er - form party
to sustain him. 10 effect this object, re0rg.n-
ilaiou Of the CabiHet Is resolved upon: Nh.
Webster and Mr.. Spencer to retire, and their
places to be filled respectively by Mc-,rs. Steven
son and Marcy, and that Mr.. Gushing Is to sue
coed Judge Up>hur, who goes 10 France 10 re-
place Gen. Cas-. Mr. Webster it j. said, j. to
remain until his negotiation, with Lord A,lhur-
ton are concluded, although hi, resignation viii be
rendered before that time. How authentic this
information i. oar readers can Judge az well
we The American saws it is from credible
source.
\ VETERAN EDIToR-Mr. George Goodwin OF