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

OF lis Cou7s--o- have invested te;- t1nis STATE
Stocks s5zce KEY cane he-e
an 70, sure ;ast NJ worJisa spoke Of provision
;oy regulating TEE Tolls Ire Csn&s so that they
ichc rot y sssenei 5eyo1! ce-;Sn rate while there
: dabt 10, otherwise provided for our he may have
Il be s-e Al liberty % cary cut ms owa views, Re
would borrow money And az once complete TIE Canals.
u: Eat Of tas G=escoE-he here - com
promise.
M w herr alluded to NJ syysult III. financial
ilead from Livingston WHO never co1-ac.s deb;
less he has I've ways OF paying il and 70 NJ. Az
rsalts paa which $40 Canals made OF % be made
sha, 5e <oG-iAe tolls sha. be regulated pre-
serve TIE public is-h-sad 70, &c raised ogt Win $
view 70 tae redemption 0; the dc5t-;ae STATE Debt
may 5e increased for finishing ne Canals Up twenty
i've millions exclusive Of 3ooO lent 70 solven; coz
poraaonsl L money can be had $, per centuo, more
than million 70 be borrowed year-and no debt 70
be contracted for Any other purpose except rrpe n
vason or suppress revolt-psv courngen; expenses Of
the Canals apply ard half millions yearly 70 meet
de5t and .nters--siter $50 psy millions oy
purpose-ii these funds should De insufficient issue
stock BE couienp.a;es borrowing S27C001o, and II.
idea tat tue above course would pay the debt II =
years beside completing TIE Canals.
Mr WoRpEN showed that many foreigners had been
induced nu,Erate by Official promises work the
Canal. which had been fulfilled He spoke iE very
concisatins strain praised Mr. Fass faithful and
competent public oce., and concluded his remarks Is
minutes after -
Mr. wooden read one OF the circulars sent abroad
which stated the various kinds OF work TO be done inst
!aborsrs and mechanics would De employed summer and
Winter and hat the funds ample AMI the country
healthy. Vast numbers OF settlers from Europe IN
consequence The contractors signed the circusrs-snd
Governor BoUcS thus endor-ed The handbis
certify ha personally acquainted with the Con
tractors who have signed The above notice thai consider
them honorable and responsible men and that the facts
take tins occasion to state farther that the State OF New
York = now Engaged N enlarsns the Erie Cana S5S miles
in ength IN constructing the tenesee Valley Canal 81
mics IN engln' and me BACK hlVer Cana! 81 niles IN
length. involving expenditure OF about 1900 600 OF dol
lars, aud i've or .ix wears IN execution
NM [. BOUCH, Canal Commissioner.
December l. 1885,
Nj Hoffman. yesterday suggested the idea OF selling
the unfinished Canals. except the Ere Cana sad his
port g. proposes preserve the Canals 10 the STATE
excluding those finished Mr. PATERSON moved to
strike out the words the finished
and nsvigaoe which amendment would prevent the sale
OF any Canal owned oy the state The motion carried
~ to 81 but perceive that Messrs, Hoffman Tracy
T.Iisu. Green and Allen opposed 10 IL know
tina; there many persons the leaders OF the
Regency who very much wish 10 sell out all the Ca
na- but | trust they viii never DC in the majority
Mr. MARVIN had heard great deal abuu: me
PAID BY the Eastern part o; the state make these
great Canals by which this Eastern section had much
proHted but II he excepted the MALT mil tax OF o2, he
mad not been able 20 ind the rst cent that they mad paid
toward these great works
Nr. ALIEN IA consequence OF some remarks Is 10
coalition against Western interest by the Delegation
from the City OF Nr'vf orS remarked. tina; Tar ne
knew had been informed there had been consul
toSether OF the members from City any sub
subject that mai come before the Convention The Dele
believed that they knew the interests OF the City
and they voted independently.
proposition was made 10y Mr. Burr 10 strike GU,
s. (Which provides the Canals remaining the hands
OF the Government OF the Staie) 1t lost, Id Or.
H.,RRiSoN then offered the following amendment TO :.
But the Legislature shall have power authorize
hereafter any anal Railway be constructed the
pcnse of the state until the present Canal Debt is tally
hqidaed aud paid
Mr. RICHMOND had no tear that the Sate would ever
70 into the business OF constructing Rsiroads-Mchi-
and Pennsylvania had been compelled TO sell out NJ
d great loss
After dinner Mr. Srow OF buffalo had the floor and
he cas- already past 81 spoken for Two hours He IS AN
able impressive manly speaker me looking man,
WIT: air OF and sincerity about hmtuil
statistics oil great nerestyoune lonlv 90 years OF
age) but eydently possessed great general lniorma-
ton lie showed the expenses OF the various routes ci
traffic the past present and future prospects OF the
Canals-adverted 10 the history OF the Canal%-saicd
but could do with perfect accuracy that the Ere
Canal Ennr cement Tar Il i incomplete would cost
from 10 TO II millions which he added the expense
OF completing the other lines. The Canal Commission
ers had estimated the expense of the Enlargement from
Albany Buffalo, Il - millions and upward-oi which
nearly II millions value had been dOne-and on their
estimate sl27O0OUO had yet 10 be done-bat as there
would be tar greater competition the work could
be done much economically that then pro-
posed 70 De done he estimated the Enlargement al but
10 millions lie seemed desire that the work should
be done speedily while would suppose gradual eS-
prndture less likely raise contract prices III lc
TO- But the boats o. and must close. Mr. stow
is still speaking is listened TO with great attention, and
deserves TO be One would suppose he had been q
/ Cana! Commissioner Tor the last 20 years. X.