New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1846-09-18

reets-WsS;ern Trade-pe6t-iyFauiI on F.
nance-Who Paid Canal Taxes 2-Prodizate
C0nlracgs-Who made them
AIsASr Wednesday Sept Is 1915
To ,iz Edito- o. TIE T-i5z1e.
SIR. The weather Is now cool and the sirGincs
Of ne Convention re bet-sr attended than OF la;e
bu; not nsa-!y full
NJ EAaa1s a, " offered RePor- from the Com.
rni;-ee o. LAND TrxrREs. WAT Il contained Dc 10;
know :o1 tie Convention adjourned 70 dinner without
r-cei7i-s =, sad I was 70; again offered
Alter = fs7v remarks :rou, VI Holman. VI worien
Of Ontario rose and delivered very s5le speech n ia
Of the E-ie Canal Enlargement rs arrangement
OF facts va. sxceieu-he took very comprehensive
and instructive view o. the Commerce Of the S:are and
OF Tie wes,-iezcribed the Canal policy and Wa very
s;.entirey .teuec; 10 took few brief notes 5ut PIE
su1e hat he VII revise his speech to- he Albany press
and Z so ought be carefully read BY business men
in yosr City DO not subscribe to nj his opinions bu,
listened with much greater pleasure 10 hi liberal con-
rnercal views than had 70 MS former remarks UPON
Jurisprudence ! wish he we're liberal and public
spriisd matter of Law Is in matters trade
tn. Canals. Finished and DIMINISHED.
The Convention went into Committee on Repor; No.
8. Inc question was on NJ PATTE2SoNs amendment
FOR preventing the sale OF the unfinished Canals
Mr. HOFFMAN would 10; lie up the hands OF the lie
gisaiure or this subject he would have this Con
vsut0I commit fss!iCe knew IL CQul1 not the
People either the completion abandonment OF the
Enc Enlargement the Ieuesee Valley. Black River
Canals He had been asked he would ALLEVIATE The in
terest OF the state these unfinished Canals he would
reply that were he member OF the Legislature. snd
should the people OF these regions country mere
with any degree OF unann!ty and ask permission tn
sh these Canals. either y company local lax be
would vote 20 give them the privilege be would not
this the false assumption that the state md
interest IN these unfinished Canals.
Mr. Wordcn reminded By the tine fixed by the
-T~E. -.
consumed debate that any extended financial discus
ison would be- Improbable The issue Tor Us and the
people 20 and decide vas, whether by the adop
ton OF the report OF the gentleman from Herkimcr
submit 70 total abandonment OF our pub
lie works Tha; would be thc inevitable result Now
let Us see what to abandon. and what condeu
nation were about 70 pass upon every Legislature
since 1873 until now. II Was proposed % abandon me
Black River Canal which l. now proftless Sl,h5203g
mad already been eXpendcd-Se0. ib7 was az that
required not complete the Canal but 10 complete the
contracts entered INTO Shall th- money BE- lost the
puolc The question IS not shall this work Be begun
but, Shall il De finished The Canal continued - miles
Ouei0ur;E ofthe extent OF the Ere Canal
lie made remarks the Genesee alley Canal
of similar character and then advcred TO the Canal
Policy OF iSi2 We arrested the Public Work-we
paid Contractors for breach Of contracts $4,000 tor
damages, and have since expended On TIE unfinished
W orks >opcp to make them afaiapis ana tacre are
claims on account of these Works yet settled
SO COO. thought Mr. Hoffman little rirri but ri
ways DESTROYS 10 maintain the public credit We have
yet through with the claims arising out OF this
stop policy OF 81 and il would be difficult say when
we shall get through with Them. On the Enlargement OF
th- Erie Canal 10 IlN. II millions OF dollars have
been cxpcnded' = now proposed TO discontinue that
Work
Mr TLpxx asked whether a much had not been
gained on the whole by stopping the Public Works.
contracted tor, the amount OF damages incurred
Mr. WOODEN replied thai no positive answer could De
given question of this speculative He then
proceeded TO inquire what mad been expended upon
Canals He considered The Erie and Chalnpa!n Canals
LION, ,ba Er1N En1.- fb.ra had
been expended than Sl1OC0U0O. every dollar Of
which had been laid structures fitted the size
agreed upon by The Canal Board 20 feet by lie ten
detailed the several items O the cost OF al! the Canals
finished and unfinished The total expended by tho
STATE on these works S}1713.j5 - On this
amour; tie STAT had paid TOR principal. exclusive OF
interest S!i0,, so 81 This lett outstanding The lst
July last due the holders OF stocks issucd for these
Canals Sl6644-lj y. To this should be added the
$500 90 authorized hy the law of lasJ matchmaking
Il total of slGgi.- H. 81 There had been already
pended the Enlargement. the Genesee Valley and
Black River Canals more money than Is now unpaid.
On the Ere Enlargement alone you have psd over 81
0000O0 aud wi. you abandon it after having done 30
much Mr. W. submitted whether such course was
wise or polite Hs estimated the annual interest on
the Canal debt az SOS 900.
He then went into history OF The Enc Canal Enlarge
ment-sated that the Canal Commissioners N lcJ5 had
proposed the Enlargement OF the Canal because Il was IN
sufficient for the trade OF the country Hr Hoffman IN
l-35 with Nessrs Flagg Bouck. &c. had recommended
the deepening anc widening OF the Erie Canal, as a
measure that had become indispensable. Now he is OPP
posed TO bo:h Mr. w here praised, high degree,
the exerious OF Col Bouck consistent friend OF the
Canal policy he also spoke in the highest terms OF Jo-
Earl a most upright, wise and Judc!ous ofacer-
Messrs Fagg EARL &c in 1877 desired 10 proceed with
the Ere Canal Enlargement 70 proceed isster than the
hand contemplated IN l-J9, would allow
In other words borrow money and lay II out on the
Enlargement Governor Marcy urges the completion OF
the EriC Canal IN his Message OF l-3S on the enlarged
scale a; eares, possible period and the language
and opinions OF that distin sulsned man nave ocen
fuf.H AZ ra-f1
" also spoke OF the wisdom OF Governor Marcy IN re-
commenting the sanction OF suspension OF cash pay
rneuts by the Banks IN Isl de reminded the New
York CITY Delegation OF Nh CshOuns plan 10 carry the
nroducc of the West down the Mississippi by Canal
from the Western Lakes also OF the Boston Railroads
the 81 Lawrence Southern Railroad, &c and urged
the Enlargement OF the Erie Canal As the best means
70 secure 70 your City the trade Oi the West
lie aiver;ed TO The trials and examinations made in
Bn.in a. the comparative cheapnes> Of snals and
Railroads and SAID found that the lowest po-sole
rate on Railroads England cent peg Ton pc: mile.
At that property would costs - per ton from here
70 Buffalo while the Ere Canal carrie. II AZ g per ton
from here Buffalo and sometime tor less from But
talo this CRY Mr.. Hoffman mad said that dour was
carried cheaper The Railroad 10 Boston ihan on the
Hudson 20 New York-the reason was that they carry
tou. the Railroad for less than cost he cost OF mo-
I'VE power alone from her. 70 Buffalo had been carefully
computed and would alone be cents per ton per mile
How with such iAct- before him could Mr.. Hoffman
taink that Railroads from ButAo might compete sue
ce-siuy win the Enlarged Ere Canhif would the
cort the wheat the astes the hour OF the Wes. ever
pass down this way rom Ohio Michigan by Rail
road: Already barrel Of dour costs only p cents
from Buffalo 70 Albany. and only cent? from Albany 20
NewYork by the Canals and RIVER WI! any Railroad
do this We are not lett 70 mere theory or 70 the com
para,iye advantages OF Canals and Railroads
In Encland--ou distance OF over hundred miles
between London and the great Manufacturing City Of
B!-;nins CHAM excellent well managed 7Sei-construct
ed Railroad mad been placed alongside OF navlga5le
Canal &er Of business had teIr 0pcOn 70 employ the
Canal or the Railroad IS might De osi advantageous
What had been he resur' The Railroad had carried
II year 10000 tons the Canal 10000 tons, ten
tunes q much There certain descriptions OF
merchandise n. ClAhry Of which, AID the speed
CURED II transit might render il preferable 70 the
Railroad out as a general rule. L could not compete
Wit the Canal
M W took view OF The trade OF me great West
OF tie increased trade The CAnalo; TIE means the
West had OF coin. elsewhere with their tsdebut cen
Guided r.A, the trade OF ;he Ohio the Mississippi,
oyln 10 our climate our better MARKET and oter ad-
yxitas-s would seek Al cutie; - Nevfcrk The ton
mage OF the Canal had doubled snce KS increasing Il
me same fsto a. tn trads Where then TIE prep
0sifion 70 accommodate the furlre Increase Tie rats
OF the las: ~ years had increased to.e ma. GO per cent
and he lad shown mat there would be al sa-t ina; n
crs4s Tor n. rsx - wears Il then ne amour, named
5y the gentleman fS.tODJ, should a. e alleged triple
me capacity Of me Cana. Ae (Nr- p" cad proved aa;
OF aat basis the capacity OF tee Canal would only Be