New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1846-04-28

THE TRIBUNE.
The Canals and Finances of New ork.

Mr. BEACH, Member OF the Assembly from Lew
is Co. recently introduced into that body bill in re-
lation to the Canals and Finances OF the State, by
which it is proposed 10 resume some OF our Inter
nal improvements which were suspended BY the
immaculate Stop and Tax policy Of 1912. MIR
Bcech's plan is substantially as follows: In the
first place it postpones the payment of that part of
the Canal debt which falls due in le4s-9, or rather
authorizes the Commissioners Of the Canal Fund 10
make new loans and issue stock, payable in
22 years and bearing interest at per cent, to the
amount Of So 647. 1885, THE amount of Canal debt due
in '4s and 49, with which TO pay that debt Then
tproposesto the surplus revenue accrung during
the next FIVE years. which Mr.. b. estimates at some
thing over si35s,OOO, for the purpose of completing
the Genesee Valley and Black River Canals and I'm
proving the Erie Canal. The bill also sets apart
Sinking Fund for the payment Of the Canal debt.
This Sinking Fund is to be equal in amount to one
third of the interest the entire Canal debt; which
shall remain unpaid after July l, 1916. 1t also far
Their provides that when the unfinished Public Works
shall have been completed, and the Canal debt paid,
the Mill Tax shall be refunded to the several coun-
ties according TO the amount each has paid.
Mr. Beach moved the reference of his bill to the
Committee of Ways and Means, with instructions
TO report the same with az little delay possible,
and ON this motion made an able and elaborate
sueech in the course OF which he adduced facts and
figures which most incontestably demonstrate the
impolicy of tile Law Of Session of 40 II is con-
ceded by all parties, says MIR. B. that some progress
should be made toward the completion Of our sus-
pended Public Works, provided it can be done with
ont increasing the debt or taxes of the State. The
Canal Commissioners in their report for 1914 tell us
that if the business of the Canal continues TO in
crease, it will soon be indispensable to its accommo-
dston TO have double locks brought into al all
places between Albany and Syracuse and in their
report for the present year they recommend that
measures be Immediately taken for the completion
of these locks The following statistics will show
how rapidly the business upon canals is in
creasing:
The average tonnage OF boats has increased from
shout 30 tons In 1928 81 the Let January,
s,5 and from 81 the ls January 1919 TO 67 tons
during the season OF navigation for ls45 The number
Of lockapes has increased from e69 In lei to 81 452
In lsi5 and the tonnage from 2ooSoi tons III io1~ W
1877 565 tons In 1915.
OF the Black River Canal MIR. B. says:
Th;. canal Ia IS miles In length, from the Erie Canal
Rome 10 the foot of the High Falls OF the Black River
connects with the river twenty miles nsner up
apayipablc feeder ten miles IN leuRtu ony
,nppiss the summit level OF this canal with water, but
Will when completed furnish the Erie Canal with sui
hency of water for the transportation OF ten times the
quantity of produce transported upon It, 1t Is
known fact that the Erie Canal in its enlarged capacity
vii! be- unable 10 do the business now done upon with
out the water from the Black River Aroport upon this
subject will soon be before the House AT the head OF
this feeder there will be three miles OF slack water nav
ipaou caused by tho dam At the foot othe High Falls
connects with the still waters OF the Black River now
uavieabe for steamboats, except for short period du
ring low water s2t miles Connected with this sun wa
ter 10 five miles good navigation upon Beaver River
making atoeetherq5t miles of internal navigation upon
which the State will charge toll.
This canal ia constructed of the same size as the Erie
Canal but far more substantially The locks upon 1t
are as strong and durable those OF the enlargement
and the whole work has boen done with view 10 avoid
The heavy annual repairs of the other canals The ex
cavaon Ia finished except miles and what Is estimated
in detached parcels To cost $4,000 This entire line
OF communication be brought into use for lees than
100000
Having made the proposition to so on with The
construction of the Public Works, Mr.. B. proceeds
to point out the means by which 1t is TO be accom-
plished.
The Canal debt OF the State is payable as iol-