New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-03-12
COMPLETION OF THE CANALS.

proposing an amendment to the State Consti-
tuition, with view to the speedy enlargement
and complication of the Canals, have made an
able report on the subject, recommending the
passage of the resolution, with some slight
amendment, a. follows:
Rr,olred ufthe Assembly concur, That the iolowius
amendment be proposed to the Constitution Of tins state
that the be referred to the LesSstue to De
the General Election Of Senator's and De puehsned os
months pr vous making such choice IN conformity
with section OF article Is OF the Constitution
Strike the third section OF aid article seYen ana IN
sert the following instead thereof
SIC Afler paying the expenses superintendent aud
rrpasof the canals AID the sums sppreprstd ey me n
and second sections of the seventh article OF he Sonsu
tuition the remainder Of the revenues OF the canals shall re
applied IN such the Legislature shall di,ect
tie compile on the Erie Canal Enlargement and OF the
lenesee Valley and Black River Canals and 10 the enlarge
pent OF the Oswego Canal and OF the Csyuea and Seneca
canal and 10 the repayment Of the moneys which have
been received into tbe Treasury tor Canal Revenue eer6
Gates under chapter four hundred and eighty three OF tho
laws OF the year thousand eight hundred and httyone
until the said enlargement shall have been completed and
the said canals finished and the expense thereof fully pad
until the received into the Treasury shall De
And when the aid objects shall have been accomplished
the remainder OF the canal after paying the eS
penses fcoec upernendenoe and repairs shall be sub
ec 60 appropriation for the expenses OF Government and
ior any other purposes the Legislature may direct
And the said enlargement OF the said canals shall o. com
peted and the other canals Aforesaid shall be unished
within SIX wears AFTER the adoption Of this Amendments by
the people this State. without imposing any droct tax
for the same or any part thereof -, --,-, 49,,
For the purpose OF completing the said endorsement and
finishing the said canals herein directed and ot paying
the said moneys received into the Treasury the means
may be procured BY borrowing at the lowest rate OF W.
teress aud payable ct the shortest practicable perod
not exceeding ten millions i've hundred thousand
dollars portOus OF not more than two millions ave nun
dred thousand dollars in any one year exeePs tnN Ia re
6rst year there may BE- borrowed an additional sum sum
the exclusive credit Of the said fund. with an ek
press dssvowsi OF any obligation 20 impose any tax on the
people OF this State or TO apply any revenues or property
the State other than the said fund hereby created and
proceeds 20 the payment Of part OF the pnncpsi
interest OF shy Of he moneys 80 borrowed aud he pro-
cesds Of all such loans shall be scrcdy and exclusively
apphed 70 the purposes herein before enumerated and tor
which the fur 4 hereby created IS pledged.
In every act directing any loan s herein aatnoteo
provision shall b. made for the payment Of the principal
and interest of the moneys borrowed under such act oy
s.ttinE srar and appOpnsnng annually 50 much OF the
fund hereby created be necessary 10 pay the sad
interest and much be- 70 create sink
Fuud tor the redemption OF the said principal at the
stipulated times Of psyment and the said fund shall az
any be Insufficient 20 redeem any part OF the said
pnncipa stipulated the % satisfy the clai ms OF
tire lenders OF the said may be procured ON the
credit Of the said tpnd.
After Stating sundry good and substantial reasons
WHY we should not resort to aXSton to raise the
means for the completion OF these great State Works
the report asserts what Is universally conceded,
that the Erie Canal ought be enlarged and that the
highest interests Of the State demand hstt be enlarged
speedily. thus increasing the revenues, diminishing
the expense OF repairs and Fastening the times when
the revenues OF the Carals, freed from all encum
brance viii flow into the treasury OF the State.
The Black River and Genessee Valley Canals, says
the report will continue be bardeus on the State
Until they finished and every consideration
quires that the oswcgo Canal, aud the Cayugs and
Seneca Canal should be enlarged al the earliest day
The benefits TO sccrGe TO those using these Canals
and the large contributions they capable Of making
10 the Erie CsnS cannot be realised until they
lsTgci TO equal capacity with the Erie itself Hence
be enlightened policy which dictated the enlarge
ment Of the Erie Canal is equally applicable 10 these
To effect these desirable purposes Is the object Of the
amendment referred % this Committee.
The amendment proposed has been maturely and
carefully considered by the Committee and without
altering is principle they have come % the conclusion
that g mSy be improved by amendments The Com
miitee have modified the same and report the same
herewith, With recommendation thai be adopted by
the senate.
Il proposes TO lesve the existing provisions Of the
Constitution for eNtinguishing the present Canal Debt
and the general fund and special debts anu contn gent
liabilities the state ia fun force that the
Of THE Canals shall be applied precisely they are now
pledged
provision "a the present third section Of article OF
the Constitution by vhich the Surplus
mAndsr. after pay ali the existing debts VI The State
directed % be applied 10 The enlargement of the Ere
Canal and the complexion Of the Black River and Gene
see Valley CAnsi. oulrring the appropriation for the
expenses Of Government The trtAsion IN that section.
by which thus remainder 5 directed 10 Be applied n
each sseal year mss been held ortt any other
OF tie surplus revenues thG BY immediate
psraGare OF them, whatever may be their amount,
whether i2sGEeisE, for any przctca purpose or noc
Tie experience Of the time which has elapsed since
The s&OptOn q the CONSTITUTION. nAs convinced every
tat tbs EoGe Of completing the enlargement can
uos scconpsa shzs Object wrhoa. rlnOcs aezy-yrra.
losses n,sress-EtssferrErs with the business Of he
Canals, srai excrost.ns expenses fer repairs.
TIE Arasnaenf therefore. proposes 10 devote Ihes-
surp-s rever1es 70 ne purpose originally intended By
TIE CcEverroC. n pronp< e1ecSU.l ard ecooorascal
AnreF By leaving 20 the Legzlxare az en..rs sr-e.
ren rs-Peeisny The rnns q thsir Epr1cA,iS1-
To TIE oelecss originally contemplated, he sriend
men Ads re reinsOrseecs q ne ntoEeys rerIyc1
Epon the CAH&l esr,i5cs.es issued under ne
an q ISL, sd q vhcA par; IA. 5-a sppai ne
Cara. acc pan rrnaE1s N the Tre@ssS-y sxd re
s1Arsesnsni q ne osw-gO CGAl snd tae CAy'sz .a9
>~reea CG=1 Iee re&sscs a1r s1t-ng The AMER .HFe
alrszfy h@ec gsT-s
To sz;An tASss Purposes specify Is e-rur.sc.zces
nay rSrr.. z : p-vporet % Tesx ne Ler.s4cu-e Win
- sG-Aor=y - aar<.?~re as surplus revenues AKA
PssGsee y ocrroScy ,hi- c-s,iit sxclzssveiy In
E--Lsacs I've sUndEc,i tsoc.Gad 5olizrs
Les sEEz. V-h ne srers1lcz sGrps1s II Casa -eve-
t1ss 2ce -sc fCr r,eresS ard ,ss sgAsr purposes %
~eace Z : 3svosrd VII os sGzessac, e = believed 20
eo1ftSss ne e1A-yer.crE rrUpossa tct sztsh tie
Can1s acc yes eo@pA~srd wlAin 81 years ;r-rs he
.1-e - Plka esg-ns 70 operate.
Iss FrUTx2s scr r4ysg tie .z,erss- AID pr-eiuz q
6 1lEsgs - eC-rv~cc. are n-1. Czy1cI All angie.
The ze--sst z-Esr Tx ss pz1ncrz4y pad Gaa anag
~ T. s1-rS-se - Frt,eiF2 ass K F-E u op-rs
cIn - ne s1-s rsTe@1s ssTC.ec - teSc rrpss NJ.
erEs- L1e =xa-s q cc=rly1y u--e .,ose -s,-sl<ocs
s-s a1G-aaE We esr=1cs t1e zsc rsTs1zes a-ss- is.
GzcrrE cxrsnse= u cus-r,cn, rVpsr Ead szrerrser-
cscee Nr .a~ rear l-55 SC - sgaar-za Szrrs-x-s
0tsr re s-cEzc e - vrssenc year. Enc -srsae
~ EE-sal Increase sAsrSGtzg carr sislaD ssr srs
YeA-s al EHS- - !eC l,cs sesa 10y r-sra - 40.
10 All a,osr tx gsr.Cc ssc--Ase ~ fz--cr- =.
e-sase.
WsEcC2 .os aETe : srP o-ssd .aas We ssezr-zsu n.
crl=ac. reE r@ze ~ - ,-s Enz-s Il - zc-Sasr a.,
sza-ly " - C41A- rrVsnz-s We S1.1s- -ox vi .r
sx<sss .@--t Gars s@E RCD .sss-.r,uzr.,u nc
y - = SD - cG- aSFss, exxe ss-z.-5 EArrr a
l~s~ -s-es - - - 1ssrz a. Erp-snzE-6-a IA :, sas-
= - -ass a,retias a ,@e AsI1ry Il - CAazs -
cCzrlzos shzn=sslr~s
AesUEsas!zg - r-gsrr az aa5les Az-.e,3 xgoz -,
F--1rsAes 1 ssS-Eaoes srafee shSrs xAarA ssow aas
Ne 2EsrS-r - ~ s-azs "a, zar ss nse zas<- ~
Azra'sz-y P-vgose1 ~ .Sr Ez.~z1Ezrr W. - v-rE.
E-aig FaA- szs ssac ~ Pracr7aE "a Dc rzzzyrss.i