The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-06-29

ALBANY, June 10 le47.
The Enlargement Of the Erie Canal The Repeal Of
Parts Of the Seventh Article Of the Constitution.4i
Jany Board IF Trade-Bonk Of Watertown, &c.
number Of the influential journals Of this state
have within short period occupied considerable por-
ton their columns in examination and analysis Of
the seventh article Of the amended constitution This
article pretended is devoted to the economical dis
bursement public revenues and the liquidation Of
the public debt
In regard the financial article Of the constitution
of which have spoken have to say that at the
ing session Of the Legislature, proposition will be
| introduced for the repeal Of so much Of the ar
tcle restricts the immediate enlargement Of
the Eric Canal the dimensions contemplated before
suspension Of s42 During the present year 1t has
become perfectly evident that the capacity Of the canal
too limited to bring forward freights with that celebrity
which the interests dealers demand complaints have
therefore, been than ever before Thus
induced to suppose that proposition for the repeal
about to be made in the west to secure IN
creased facilities for the transportation OF the great
staple to tide water will also have bearing upon tnD
om.stion n will be urged in favor Of the instant
argement of the canal that 1t has been lately asosr
tanned that public interests messuraby involved
n this matter and that it would be not to avail
yourselves of the conspicuous advantages which the
the entire trade Of the mighty west will give
those foreign districts that ars making gigantic
divert considerable portions Of this trade into
other channels Probably an immediate appropriation
Of every dollar OF the public revenue to the enlarge
ent except necessary appropriations for the
government and for the payment OF the interest Of
the debt would quidste your liabilities and place
the state upon an independent basis much more speed
lily and safely than In the way proposed by the seventh
article Of the constitution As for have not learn
cd to respect the expedents to which unsound intel.
ects have always rssorted to the honor and
ensure the prosperity Of States and Kingdoms 49,
The merchant princes and capitalists Of Albany have
recently organised Board Of Trade similar to that
which meets at the Exchange in Wall street every day
hut Sunday There formerly Board OF Trade here,
but the leading operators but poorly disposed to-
wards it, and il failed This new board viii evidently
survive reports Of the operations In nour &C. ut
the capital will hereafter be more interesting because
they will be more extensive.
understand that the directors Of the bank Of Water
town such arrangements with the Com ptrol
er as Justify that officer in allowing the ban
It's bsiness The bank will continue to redeem its bills
and ey will also By redeemed at the Exchange Bank of
Albany.
James MsKown Esq, the Recorder Of this city died
this morning He said to have BEEN distinguished for
many those virtues which render the coustitu
ton cstimabs and divine; he was q member OF the
Board Of Regents Of the University and formerly
prominent member Of the legislature he aged 80
years.
The Senate viii assemble Tuesday next; the cham
Der Is In excellent order and hope to full Senate
present.