New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1846-09-21

7ry the Black River and GereSes valley Canals should
not be economically finished, and the Erie Canal In
ar-enent proceeded with. The amount of Canal Tolls
- me I4,h OF September, las: rcsr. s1t53s50tis
vssr same date it 81 being an increase IN 3,
months OF 5as-eysn in zee second week OF this
month the increase is s6l2h. The principal OF ts Debt
Is univ psva5e when TIE Staee pleases znd the per
cents could De paid and The money borrowed ST ) Why
then hesitate to complete work which ss one great
whole paws admirably and di7u<es wealth throughout
tie STATE II Mess-.. Ns-cy, Holman, EARL and tsiF
us-tv hare sunk 100000 in the Enc Canal, widening
9s-. Of il and if no, ore ls-ge boa, through
from Lake Ere Albany unnl otheF iopoaoo sTe eS
pended can the Stse hesitate to finish the work rather
rb.n lose the 1aooO0Oi As to future loans let them be
agreed to in the first instance BY the people Al the ballot
boxes Tbs, i. me tue Enforcement
As TO the Genesee Valley Canal the whole extent OF
which have carefully examined, and can gear person
e testimony to It's great utility
Mr. ANGEL said the other day, thst
Al,egsnr. Csi.arsug1s and the Northern eoonHeS OF
Pennsylvania a4ort The creates; Quantity OF PIE ',ios
IN the United STATES. There "a oas rieer enough 10 SUP
ply The demand for s1Tes a1f ship ouicing 'o' HlAE
wars Were the Canal completed I woad e4Ieho INC
navigation TO The junction Potato CreeS with the Ale
auv River. point twenty miles cslaal rom ne 'H
s iss OF roe and stone coa IN the state OF PENN
syva1ia Goals now haued by teams tom the oeIs let
SrrIrh,ort 10 NruGa. eighty ninety niles
Goa. tla- ca. procured way
The Canal believe II would be but very few years
bs Canal were finished before the navigation OF Re A!t
ny RIver would De improved that steamboats, Soud
pass from Oiean 20 iso- cou;d maj river oe
ahG unite navigaI.or,N The Enc Cana through me
vaev OF Inc Geresee would afford line o. COMMUNE
cation bat ite Inferior any 10 ilat rom aecestel 10
BnEaIo In 1857 surrey made by order OF Congress-
OF The Aiegany River from PTSsin osesA; ery niles
for the Government OF the United States. II resulted IN
report from HIM mai The Navigation OF he yef eSuS s
tons 10 run from Pburg the mouth OF Potato Creek
! for a cost Of Ss7o,oN1"
Nj MASrTy spoke with Just indignation OF the attempt
made 10 trump up by resorting to compound interest
interest on interest counted up four times years
charge of disbocs reputation, perjury. and British
funding system. public inamy and disgrace All the
difference between Mr.. Horan's proposition and his
was few years of time in the payment of the principal
of the public debt According Mr. Hotuians plan not
dollar can be had for the Canals Ill SiS. Mr. Hoffman
plan arurourates within 10 years from S2l.125OOO
while at the present rate or increase founded on the
returns the last 10 years the whole receipts met
suppose he meant viii be but S2OteoO9l Do give Us
few millions 90 with The public works, and
their completion viii pour into the lap OF the State from
their continued success. an abundant revenue.
Gov BoUcK submitted an amendment appropristing
coo proposed by Mr. Loois and increasing the appro-
priaon for the general fund debt to S50cO instead of
S3OOOO0-and applying $4,000 besides TO the ordinary
purposes of Government
Mr. LOOMS modified his I'd section, increasing the ap'
preparation 70 S3oOCCO-
| The question was on Mr.. Boucks amendment making
the annual appropriation sl,2o0oo0
Mr. HOFFMAN expects $4,000 of a surplus next year
over this year double that the year after and al
fording 10 the Erie Canal q millions TO build double
locks and give the Canal feet water. The idea that
was abandoned in 1895 and II millions laid out the
plan OF s0x7.
Mr. CAMBRELENc said that Mr. Worien had amply
proved that the State revenues would be sufficient to
pay the interest the debt carry the Government and
complete the Canals and Erie enlargement We had
heard of a eliminating point the Canals-there Is
none such-the region beyond is rich. and fast in
and
that reat and distinguished man. De Wit Clinton told
the State that the Canals would pay our debts carry on
the Government free from direct taxation and enrich
our fertile End growing country Inc time Is rapld!y
approaching when the Western Counties VIII be "a leal-
Gus of Ohio Illinois and Indiana the river Counties
once OF these Western Counties
Mr.. c. spoke the whole with llceraity regarding
the Canals, as well he might
MIR Cambreeng on questions like this, is well worth
the listening He speaks distinctly, his manner is
energetic he is full OF facts has had over 20 years
acquaintance with his subject and filed situations which
gave him that sort of experience which wonderfully
aids man in arriving at correct Judgment
Mr. CHArFrELD described the salt duties, steamboat
tax auction duty and , as State funds
employed on the Canals, seven millions and upward
with interest eleven milons-and with compound
interest over thirteen millions. He did not wish this
money To be buried in the Canals.
Mr. SrErsoS would vote for Mr.. Loomss compro'
mise because he had been assured that with less than
81 100000 sinking fund yearly for the first years,
and 81 100000 aterward yearly the debt could not be
discharged with interest in less than 10 years or til rt
In the afternoon Mr. Tilden and others spoke briefly.
Governor BoUcE then rose and spoke tor about ten
minutes in favor OF his amendment.
HE ia much stou,er than when first met him at the
breakfast table OF the Eagle Tavern 20 to . years
ago his hair is grey approaching to white his air and
tone something Of the military officer. ike his coun-
tenance it eyinces decision and rnncss but don't like
his political history He sheriff of Schohnric in
lsl2-n the Assembly the Winter the War closed, and
was friendly to it-has been Canal Commissioner, Gov
ernor &c. and is now Trainer OF CONSTITUTIONAL
lie delivered a very sensible and practical speech
showed the advantage here the value of the
stocks of the Canal London.aid the question was a,
last got into nutshell. and he why there
should 5c the perfect union both in the prlnci
pie and details OF the measure before them.
Mr. CHATFrELp willing that the trend. OF the Ca
mails should take the surplus and make improvements
after providing for paying the deot and interest ana pay
ing the whole expenses of the state Government SO inst
the People would not be taxed Tor their government
This may be popular in otsego and everywhere else;
but is it jusi The State has given couple of millions
out OF the taxes beyond the onondaga salt works the
vendue dues, and instead of having turnpike road in
the interior il has 7s0 miles OF Canals and has As YET
pre- served TO the city OF NewYork the position OF the
Commercial Capital ofthe New World. The Canals pay
abundantly-they increase in returns beyond the
hopes OF the most ssnguine and when the liberal, the
.
en ghtened the prudent propose to conplets what has
been begun if the people shall say ay Mr. Caatneld
Mr. Murphy. Mr. Hoffman, and others remain IKE dead
weights on the proposition, and party spirit makes bad
worse Hy should uie State be taxed directly 70 carry
o. fire. zorer1me9f Why should not TAXATION be mode
rae crd sgualrsG do wish the state taxed
TO improve tho Canals but Is it right that mine OF
wealth shall left in the bowels OF the earth because
those who have enriched by the Canals now desire
10 throw the whole of the expenses OF the governne nj
of the State upon them
General WARD of Westchester Yesterday referred TO
the action OF the Representatives from the river coun.
ties Long Island and NewYo-k, against the building OF
the original Ere and Champain Canals They mis-
their apprehensions, and he returned thanks TO
those who mad the rmress TO stand by the Canal The
debt mad been paid by the Canals And even with
the large debt Of S 00OOO0 ii the Canal was blocked up
and could yield his constituents and those
OF the river counties would submit taxation 10 pay
every dollar Bui while they would do so if neces
ary did follow that they should submit to an unneces
sary taxi He would De Gberal-his constituents would
be So They willing to postpone the payment OF
the debt only ~ bur for 80 years, ii thereby ths
Canal could De enlarged There necessity for such
enlargement. What was the condition OF that work