New-York daily tribune., 1849-10-31

W., Ian which had been sold IN April ISL at
& ssu 10 Is in Februay,-and the stock os the
a., - = commerce in New Ork the largest, and
banA t:.nv one Of the most conseryative m0ned in
f.;,,ions IN that city, and which had been scd N
All Is al ~ per cent in March. 1872. fell 70 -.
n tTbs city Of New York building the Croton
Aapeduct but had laid tax 10 pay the interest o.
he debt they had contracted FOR he prpose On the
contrary the interest had been annually compounded
and added to the principal, the policy beng to exPe
dite the construction Of the wOTk, and 70 render j
productive and then lay the taxes 70 pay the den
cheney IL any between the revenue ald TIE interest
The city had expended about eleven millions
little more than the state had expended Oh the Ere
Enlargement. The cases differed mainly IN t1e iac.
that while the state from its work was receiving large
and Increasing annual revenues, the clty lFOH Tue
squeduct receiving nothing.
There was another difference The Croton Aque-
duct had never been made the subject Of party attack,
and none Of the inhabitants Of the city bad any poll
tical object in destroying its public credit Ibe au-
thorties Of the city and felt the general depres-
on Of the year 1872 but did not deem il either sound
policy or good economy 10 stop their work. On the
contrary IN the very year S32 between the months q
February and September, they Issued seven per cent
stocks to the amount Of 81 10000, and quietly went
forward and finished the work. II the city had
pursued the policy which the state adopted, rot
drop Of Croton water would have flowed through the
aqueduct TO this day.
II appear. by the last Report Of the Commissioner
Of the Canal Fund, that the whole amount Of loans
made for the enlargement Of the Erie Canal W 70
the goth Of September, l-is, was slO,l22,VD ~
this amount IS 10000 had been authorised presons-
ly 70 1872 % above shown. The balarce, ~ ,HZNu,
consequently represents the total amount due 70 con
tractors on the 10Th Of March, l-2 including IN tlat
sum the damages paid for rescinding Their contracts
Admitting, however, that the whole oi that sun wa
then due to them We behold the whole extent q he
necessity which existed that day for stopping the
public works, far as the Lrie enlargement was con
cerned
H. 20 .nrr frL a. d..
10 ssue seven per cent stocks for a moderate amount
but he was not permitted but Was removed
from Office and Nh FLACG duly restored 70 his
former place II il had been deemed c1pecient 10
,uspend the public works, instead Of 'toppnS inem-
or still more if it bad been deemed politically sac 70
,top the works on the Gencsee alley and biacH hFcr
Cansls aud Temporarily 10 suspend those On INC LIie
enlargement il II difficult To believe, that WIN MI
FLAGG's long experience be would have found any
serious difficulty in raising the sum of sl,"2,VV
above mentioned. When there Is WIFI, therc ls
way But the Efforts and the policy Of his patty did
no, run IN that direction The friends ol internal I'M
proyement must be put down and kept down INC pup
lie works must be stopped and stopped they were by the
far famed .w of March % 1872 and the Lre Canal sas
strewed with tho wreck from Albany to bunaio' 10
those Of you who living on lts Dordefs ana "H9'o
ewes for years sckened by the spectacle no ue
scription Of the be necessary lhe ma'eri-
als for the noble ii ght Of locks at Loekpor were e
scattered more than four years about the Nliiase
grounds adjacent, spread over nearly q hunIfoI
Nav Isi6. appropriated $4,000 to remove the mate
rial which encumbered the ground most wanted for
immediate use in said village" and "to lay 1t up in
proper manner in the second TIER OF locks
The Canal Commissioner in charge of that very
work as oarly as the month Of February, lSp, had
attained from the Contractor his written consent 10
proceed with the work only al such rate OF progress
as the State officers should direct but the contract
having been absolutely rescndcd, the Contractor pre-,
sented his claim for damages under the StOp La" oi
1872 and was paid s14,UO
By the stern provisions of that law all public ex-
peDdtUres on the public works were absOiG'ciy 70
cease except io limited class OF cases, III when the
State officers should deem the work necessary 10 pre-
serve or secure the navigation Of the nayigabe canal
of which it was part-Or to preserve work already .
DONE from destruction by ice or toods-or where the
completion would cost less than the expense OF pre-
serving the part done.
The merciless and fanatica spirit with which these
saving provisions diTegarded, will best be APP
prcciatcd by OF two among the most striking IN
stances.
The new Jordan level consisted Of an independent
line of new broad canal rs miles long, and dispensed
with an unusually high lift lock at each end, thus
uniting three levels in Ii had cost s33O, ,l2s ana
was all but completed requiring but s2,l us to bring
il into use. The old and narrow squeducts at each .
end of the old piece Of canal. were insecure, lnconVe
nient and hazardous and the new work was emphati-
cslly needed TO secure the navigation but the .
State officers peremptorily refuse to permit the
f2.l7s to be expended
described flowing lateIally into the Canal in ITS
original construction dam had been thrown across
this creek, and through the pond thus formed the
boats navigating the Canal were drawn with their f
sargoes The stream comes down rapidly from the /
Western slope Of the Catsk Mountains, and Is often
swollen and turbulent, dschargng It's floods INTO the
pond used the Canal and IN seasons OF ts greatest
violence boats and their cargOes have often been car
ried headlong over the dam The whole interior com /
merce Of the State consequently exposed to the
caprice of this creek. and the boats have frequently
been detained on its margin from - TO i houIs, con
gregating in long several miles in length, wait
ing Qike the fool in Horacc) for the stream to run
away
There are now 1855 boats on the Canal Register,
and when placed in line they are II miles IN extent,
being nearly one-iourth OF the total lehg'h Ol INC
Canal from Albany TO Buffalo.
II was part Of the plan Of the enlargement tina; this
immense feet should no longer be drawn through the
Scohare Creek, but should pass over by an aque-
duct. fine structure, supported by 10 or Il stone
arches, was accordingly completed, with ITS broad
wooden trunk all ready for use, and at cost OF
$4,000 Ii required only the expenditure Of 81
20 adapt II TO the levels Of the enlarged Canal but
the State officers also refused TO permit that sum TO be
expended and for three years the wooden trunk ioF
want of water lay baking and cracking IN the sun ex-
ecpt when day laborer, under the direction of the
State officers supplied il with water pumped up from
the Creek
Filter symbols could hardly be furnished Of the true
spirit and genius of the su,mproyement party, ana
for three years the Schohare Aqueduc and the Jor-
dan level both stood alols. high and dry, conspcu-
Gus monuments of the Stop Law Of 1872.
In 1874 the patience (even of loyal lcgislature)
began 10 give way \ report made It's appearance IN
that wear from Mr FiAGG aud his associates, Com
missionors Of the Canal Fund which drove even the
faithful TO the very of revol;-for II came out
distinctly questioning the policy or necessity Of
the enlargement at all, for ths J0Yosc of clsoPen-
fng t,assyorfaiion, and thus enabling the products
raised in the fertle and cheap lands OF the West 10
compete with the products OF our own citizens And
il was further declared that the tonnage Of the Canal
was diminished BY the decrease Of the products Of the
forest The object of the Report papablc. 1t
was TO stae the last hopes Of the friends Of the en-
lsreement II its doctrines were sound, tbe mouth
of the Canal at Buffalo ought TO be blocked UP 81
lutelv excluded from our borders pom its rccep-
tOn, Mr. noRArlo SElMoUR, Of Uti,a, an emf
nent iunker, and Chairman Of the Canal Committee
took strong ground against il, ard succeeded IN car
Tying through law compelling the state officers 70
cNmnlcic I.r.lln lnNt- md lh. :