New-York daily tribune., 1843-04-28
VOL. HIE. NO. IL.

position To pay of the principal Of hcavE Iept
by direct taxation. IS an undertaking o WHICH us
tory affords scarcely an example II tle ueGidiiieis
against wild and visionary schemes oi lliie,,ai
I1nnroverncnt, as % libels on the laws OF God =
,hopa who ca,oorously urged the Legislature to
:. fU nm tbs ditch and to stop the vast and end
,sSs accumulation of State Debt, had obtained the
asoend,ncr in our councils in ls2l-2. and car
r;ad their clear-sighted and statcsman-llke views
into effect it is not difficult TO perceive that The
State so long as their ascendancy continued
could nsyer have relieved herself from financial
embarrassment and the necessity OF oppressive
direct taxatioa The Public Works being stopped
AT point when they could contribute nothing TO
the prosperity of our People, the value OF their
property and products, or the revenue OF the State
and the deb; pressing ike an incubus on the Pco-
ple with no income to meet or publc beneht TO
balance it. New York would have fallen into the
embarrassment, possibly into the dishonor, winch
now covers with shame her sisters Michigan and
Mississippi and the more reckless Of her dema-
gogues might, ere now, have been engaged IN
preaching the Reputation OF her solemn engage
lnents not as contingent and theoretically Jus'-
fable but as a practical and laudable, method OF
cxtricating herself from the difficulties into which
she had been urcd by the syren songs of Internal
Improvement
But there are other than the most Immediate
pcclnarv considerations which at this luncture
impcratirclv urge upon New ork the vigorous
prosecution at least Of her more important Publlc
Works At this moment the vast capital and en-
tcrprise Of Great Britain are engaged III dlvertng
from our Canals and our Markets the immense
and rapidlv-incrcasing Agricultural Product OF
our fastexpnding West Her Tariff Is skGg
adjusted to that end her colonial ports are ~
vitingly opened to our products through Canada.
and shut against their reception from New-l oTk );
her Wtlland Canal has Just been greatly improved
and enlarged her Lachlne Canal and other I'M
provcments of the nav :,aton OF the -. Lawrence
are vigorously urged to completion and soon silips
from Liverpool will land and receive cargoes at
Cleveland. Detroit and Chicago exchanging the
Goods of Great Britain for our Western Gram
and Pork, wherewith to supply not merely 1er
own wants. but those of other countries ana
Islands now supplied from our Commercial EN-
porun And this dcplorabe diversion OF trade
from its earlier and more appropriate channels
once effected, will with great difficulty be over
come The interests which 1t creates VIII be
active for It's continuance; the profits winch 1t
affords will be devoted to It's maintenance by
every practicable means; the channels which 1t
wears VIII every htai Sio" o'iio''N'' 49, "
viting, more tenacious
The time for action to avert the danger of this
great diversion from our resources, the digging up
of the foundations of our prosperity is now. Were
the Enlarged Canal but completed, the products
of the West would be brought through 1t to the
Atlantic, and thence shipped abroad so cheapy
and rapidly as to defy all competition Then, too,
the numerous Canals and Railroads of the West
crn States connecting the waters OF the Lakes
with those of the Mississippi and It's navlgabe
tributaries which now almost as often draw trade
away from us az to us, would become universally
and signally tributary to our Grand Canal and our
Commercial Emporium, and the region seeking
III rnarlco. through, State would ho extended
to the Usage and Lake of the Woods over most
fertile productive and rapidly improving territory.
Must all this be abandoned The completion of
the Erie Railroad would do very much TO main
tam and extend our commercial dominion by CIV
ing us a ready access to the region Of the West
crn Lakes at "a season when the ST. Lawrence is
closed by the rigors of winter. But if the stop
law policy of Young and Hoffman Is 10 be rigor-
ously persisted inf no more Public Works are
10 be finished until the State Debt, or good part
of it, shall have heen paid off By direct taxation,
then II may be regarded as settled that the rela-
tive amount OF our commerce and our canal reve-
nue. is flted to diminish the radius OF New ork's
commercial intercourse will contract rather than
expand and the trade which Is now offered to
New York being virtually rejected by her, wall be
transferred Ia the superior enterprise OF Montreal
and Quebec. Has the shipping interest Of New
York no desire to be heard in tins matter lsour
Emporium content TO sink supincy into a subor-
dinatc rank among American cities
Hitherto the great question of the prosecution
1 e i IL. D., Nr,.1-.
has been cvaded BY our opponents on pretexts Of
temporary prcssurc--ihc DEFICIENCIES of our re-
sources, and the ruinous rates al which our State
Stocks must be sold But now, when the clear
line of distinction drawn between the solvent and
insolvent States, the cessation OF demand Tor
money al ruinouS rates by the insolvent. and,
above all, the great change in the pecuniary con-
dltion of our country effected by the new Protec-
tive Tariff in establishing a favorable balance of
trade and replenlsling the supply OF specie have
rendered money abundant, and reduced the rate
of interest below slX per cent.-thc mask Is bold
" thrown off, and in the discussions OF last WIN
ter the ground of the majority has been osfen$i-
big that The unfinished State Works should not
be resumed until the existing debt shall have been
greatly reduced, If not entirely exlngmShcd by
direct taxation, but really that they shall not be
resumed at all Ii rests with you fellow citizens.
/ 10 decide whether this determination OF the now
dominant party shall be the permanent and IN
flexible policy of your state
Closely connected with the action of the MAORI
ly IN regard to Internal Improvements illustrating
/ and illustrated by IT. Is their course IN regard 10
the Proceeds of the Public Lands. \ gu are aware
that distribution among the States of the Sur
plus Revenue of the Federal Government was first
suggested hY Jefferson in lS0G, and more yigor-
ousy urged by Jackson IN 1880 a jackson
Congress lhereupon passed the first Distribution
act in 1882, conining It's operation TO the Pro-
J cncLS Of .hn Puhlc IanLlS thnrrl,,: ,rcrcl,: re