New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1846-09-14
sEw-YoRx CONSTITUTIONAL CONVENTION.
FIFTEENTH wEEK-LxxxvIIrH DAY.



AiBAvI SATURDAY, ETeniaE sept = lao.
Ioial Edi7T Of Zse Z-i5aae
SFs Mr. ircasr OF; wiasesPoAe io-iAg for The ar't
time aud win all tae es-e m old ami Prctiosd ie5aieF
Hi= speech condemned mach thai 7yas us.,!u and was
vel arranged did not hear Tie commencement OF Il
Ncsrig halftde Convention absent bat IT,. 4'e5'iaF
Of nelcs Finances Canals and PUBLIC Improvements l.
OF primary importance Tie French and spanish Nor
arches upzet ty hnaar! drlai.ir-"ii' and The
accounts o. STATE ought-n e 7nt!s'el % ~ iiO'
and lCG!cIou- agents
IL was a Jew ,.a,es -a.t le Ills morning hon cot
doiSu 70 lie Convention f6uni NJ ARCHER al NJ avn
IN possession o: me iyor replying 20 ~! iioi-H ilt
SAD tlat ~ system pursued : me axe oi li'Ai--
ctii-- 1E borrowing money Va me oH'! = - 80
could have been fr-1i,i Had money not .-efii BOG
ro|cd-aat tue int 7ysitei n ugld ail az '-s ca
mas WIN cash raised 5y taxation "nu-1 ne el..7 ~
- iAcy arr and nave ion. been a genera u5i.' ~ -
state and mon Ia. credit system L. doi'u ~ 1l
and although & had oeoi-- a ticleS- snaI.e-l-s
abused almost Every good thing T. &c ''I - ~
reason or argument why credit should o' ~ .A"s4 a
canals bull; or COMPLETED - .rever = would b. cou-lG
cred wise cXQeGeul 70 excava;s them L the S,t'e
mad The cash n - treasury. ne gross revenue ue
rived iron some so millions !sid oti : peg si.' a!
tie net revenue between anc per cent or the c+pl,4
lad Ou- and vet ~ millions and upwards OF ta.s ca"
is proGuct.ye because The works began are not m
shcd because the Cicne=ec Canal The Back RiTe- IA
nAi- and .le Erie Canal enlargement ~ y g. are hot
completed In NJ Ho'imans speech yesterday ne Aai
rot contemplated 20 comp the Enc enlargement ~
any tuo bu: had looked forward 20 period when II
sai routes "ouid lessen the revenues OF the canals
Mr.. Hoffman j in the employ OF a Government. the
head which !. FAR more anxious to veto bills Tor I'M
proving the canals rivers and har5or OF the North and
eXpend the credit and resources OF the nation IN con
quests war armies and contractor. 10 break down =is
ter Republics and extend the accursed dominion OF
Slavery where j, mad been abolished in the South He
paid some $4,000 year 10 check the moneys rccev
Cd Sa.y-Nprl ('+t=.nr, tfgti-o
form that duty when ne ha- personally neglected for
months He processes 70 be enemy to the credit -ys
TEN il the money be laid out Canals in the STATE
ofNew.Yors he ha. been steady prop to the credit
system by which Mes-rs Polk, Walker s Marcy have
borrowed or otherwise got the Nation debt 100 nil
hons wasted IN Tor conquest for slavery .or con
tracts Tor plumber. he fears the American system OF
debt build Canals yielding per cent and adding
peacefully 10 the wealth commerce. power, strength
comfort and real OF his native State but he
hires himsclfto the that initiates the British
system OF nvovinsa country deep II debt to batter
down the walls and butcher the peaceful citizens OF
Maamoro> and the banks OF the Rio Grande in order
that plantations kidnapped Negroes nigh; add 70
Southern influence and increase Federal profigacy IN
the Senate and House OF Representatives Mr.. Hon
men. Mr.. Flagg and VI. Sia. Wright Ok should have
been Urgng have holy horror at the Yankee practice
OF borrowing Idle funds 10 be employed N securing
peace and prosperity through public profitable improve
rnents but are delighted with the British idea OF the
credit system if employed vo!uniec- corps, iona
than D. Stevenson California and Glory with it ME
drum and trumpet When viii real Democrat, open
their eyes to the difference between honesty and patr
oti-m. and can't and hypocrisy.
Mr Hoffman yesterday added all the interest on the
deb, OF the STAT the debt included tn, endorsements
FOR Canals and Railroads made by companies whether
paying interest or IN arrcaral this interest calc
lated for many years ahead make "A formidable array
OF figures Whit figure Mr. II. would Congress
il ne were TO add the Van Buren, and Wright FLORIDA
to the PokWricht MEXIo,N Debt with the interest the
United states Will have 20 pay for the pcXt 20 or 30
years and then deliver in his peculiar style, homily
against trusting his fellow the people trusting
Government. and the credit system No would
20 farther than myself in favor OF economy have
ever cndcavored 10 check extravaganza in expenditure
and would strictly preserve public credit by punctua
md!ments of pecunary ogrcemcnts-I abhoF jobbinr
Legislators obbic-. and prodisate governments, and
would hold them up to public -corn-bu hold il 10 bc
the duty OF Government To provide tor finishing the
Canals Experience has warranted this course but not
upon the profigarc principle which it Is clear many
contracts have been made
Nj ARCHER asked who Ind pettioned for the stop
and ta2 iaw ot l-i2' The People No The oHl
petition ne mad hoard OF was the petition o the Board
OF Brokers OF Nallst y. J. Capitalists may bc heard
have been heard and 40 I'd be heard. by their pen
stoned agents on the door OF the legislature thor
COUNSEL not always followed. The Peoplr-thc I3-
burcr.thc working cla--es no: always listened
The policy OF l--2 rather n accordance with tho
views OF brokers aud money lenders than OF th" wi-hc
the millions. lie had fear but thar il the STATE
should carry out us Old and profitable policy OF com
pctiu. the Cuna- Nc'sN urk would from IL very sd
vauia.cous position, distance every rival route IL
always had done. The state was losing halt million
OF dollars yearly the amount already cXpCudcd uu
unfinished works lie went into a statement TO show
that 10y proper financial policy, the Erie Canal In
lurgcmcui feet deep by 20 wide. instead OF feet deep
by -, may BE- completed IN : or years lie referred
TO the assessed property OF the state over 600 millions
IT. READ substantial property worth 100 mlOus-il-
rapid increase-Is commerce, manufacturers and vast
agricultural resourccs-and spoke ably and much 10 the
purpose ~ favor OF continuing the Pubic w crks
Mr. Archer concluded his argument BY rcterrn. 10
your city-New-l OrA-remndcd gentlemen that pro
perry had risen there after the Erie Chla finished
that commerce had greatly ncreased-that cities and
villages had risen near the Canal=-rhat an immense
commerce had been secured 10 your city from the IN
terror Of the STATE from the Great West rUm tn. Gu
uada-and :ha, above all other places was The great
interest Oh Newl ork city, that the Canals should
be upheld and prosper
Sections and were passed over and 3 read
Tie surplus %; the revenue, of lie CaHls ai.rr pay
in. Tic d NPeu-es OF the Canals and The suns apProPU
a-d by preceding sections, shall II each ica yrar
be applied 10 Tie improvement OF the Ere ANA. ~ s-c
may pe directed by la, until such surplus -h4
amount ~ tie aggregate 10 the sum OF t>9UooO i"No m
lions ana i've hundred thousand dollars
Nj HOFFMAN regarded the Ere Canal as bein.
much local work any OF the other local Canals and
believed that every local work should be made from
local tax or He assured the Convention that
violated this rule it would invite :apacty and the
plumber the general treasury. The Committee
charged the duty OF providing for the early pay
meul OF the public debt ana they supposed that two
ana hali millions might BE- gradually applied 20 i'm
prove the navigation.
Mr. DANroRrH moved to amend 3 By inserting al
ter the word Erie the words Black RIVER. lie was
pledged the policy OF l-2, but i there surplus
Jefferson and Lewis Counties, which mad been taxed
for past improvements ana derived benefit from the
Erie Canal ought have tor the Black River Canal
The Erie Canal large enough Tor all TIME to
Mr.. CHAMBERLAIN offered AZ amendment, providing
that certain surplus should Dc applied 20 the
enlargement OF the Erie Canal the completion OF the
Blacs River and Genesee Valley Canals and ior Inproy
iu- the Oneida River.
Governor BoUcH said the Committee was TIM and
moved 10 pass over The section Lost. Only 10 sup
ported Mr.. Chanoer!gln's arnendment-the Were
,ie-prescut ,iabseui ino quorum but no objection
made.
Nj CHArFIELD would be absent all next week. OF
County had helped build Canals and had
derived The rs; o! advantage from thrse works