The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-04-04
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been raversed by those who had preceded him but h
did intend state in brief a as possible the
conclusions which should actuate him in the vote he
cast the final passage Of this bill when he first
10 consider the subject three questions presented
themselves. namely - Il this work demanded by the
Increasing business Of the canals Are there by
which perform that work within the control Of the
legislature without rcsorting to taxation and Can
these means be employed for this purpose and in ths
manner proposed without infringement Of the prov
sions Of the constitution And first To the demand
for the enlargement. Mr.. Allen cited the reports Of
the canal officers to show that the present state Of
the canals wholly inadequate To the rapidly
increasing business transacted on this avenue o.
transportation Secondly, as TO the means with which
to perform this work-The surplus revenues Of the
canals as appears by the report Of the COMMITTEES,
Will in the course Of fifteen years, accumulate fund
sucent 10 redeem the certificates proposed to he issued
pay the interest Of six per and leave balance in
the treasury Of 2o0o0oo Of dollars and If the past be
taken n criterion the amount Of tolls for the future
should increase In proportionate ratio, the balance
would amount at the end Of fifteen years. to nearly
200OOG00 Of dollars. IL costs 10 n boat of
eighty tons 364 miles, about nincty-two dollars II L.
conceded hy forwarders that the Of moving boat
on the enlarged canal Of 2S tons win no more than
the addition of one horse. Sll6thereby saving
than sixty per cent TO the forwardcrs These some
OF the advantages to result from the completion II the
enlarge ment Assuming that there objections IN
the estimates of the committee contained in the re-
port and that there will be sufficient revenue accrng
from the tolls to be- received the Of this
bill is undoubted The third section Of the seventh arti
Gle Of the constituton explicitly declares that a.
'er paying the expense the remainder OF the re-
venue shall be applied to the enlargement of the Erie,
Gcncsee Valley and Black River canals, till they shah
have been fully completed This application Of the funds
II just what the bill Of the committee contenples In
the consideration Of the subject he had consulted two
three legal gentlemen to the conttutionaty Of this
bill, and the opinion Of Of them was at-
tached to the report, and he had heard no OBJ
lection made TO its during the debate
Mr. A. then reviewed the statement that this lin crr~tcA
state debt and took up the same line Of argument fin
lowed by the Speaker to show that no debt tn he
created by the provisions of the law lie also alud 70
the making Of the certificates basis Of banking and
said that he considered this the least Objectionable f
ture Of the bill II they have succeeded in showing the
only contingency that there would be sufficient surplus
on hand TO redeem their certificates by 1850 he Doomed
II very excellent argument IN favor Of the bill lie
fcricd TO the probability Of the great decrease and ansl
exiting puiSbment II state stocks reason why tisse
certificates should be used basis II bankng-they
being acknowledged perfectly safe and reliable. II
conteEdcd that the surplus fund would he inade
quac to redeem these certificates. then il might be
argument against their bcing used basis but II Is
doubted that the fund viii he fully ample to lqui-
date all such demands there could be sdduccd
why they should not thus be made use Of Mr A. thsn
discussed the question to the obligation Of the State
to make up any deficiency that might in the reves
nucs Of the canal after the enlargement should bc COM
plctcd and argued the the Speaker in defence
the proposition that the state acted merely trustee
and was not morally or hcncraby bound o. make up any
deficiency On referring TO the books Of the Canal De-
parm,nt, it appears that the original cost Of the cans
little s10000t0, that the aggregate amount
cf tolls received, up 10 the close Of the last fiscal
year over Sal 10000 the amount expended in the
enla mcnt little shcr OF sl6 600 COO and the pro-
duets. near can be ascertained. Sl9.000oM
than its original cost and the cost of the cnarge
up the close II the last fiscal year Ii the est
mates of the committee true let proceed In the
work of enlargement. in orltr that ii may produce
annual income of tolls Of 81 600 600 IL these be fact
and one has yet attempted TO dispute thcms il not
the duty IL the Legislature carry the views Of thr
bill and secure thesc advantages 10 the State In what
other way i II possible for TO retain the trade of the
sfei: v. l. naturally tributary to u.s. He
~ conscientious in the discharge Of his duties any
man ON ie floor Of the House and lac had no doubt II
the constitutionhliiy in every particular.
Mr. IIArcu nddrossed the House briefly in favor u te
hill and considered entirely devoid of the unconstAu
tional features which had been charged against IT,
Han f.ilt Nrtl In
alleged urconstitutionality.
The question was then taken Mr. Lcroy's motion to
Commt with instructions to report his substitute and
decided in the negative.
The au, required the final passage Of ts
hl. and II decided Ia tue affirmative, ~ ay~ 70
nays -.
The Assembly adiournsd