New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-03-05


Mark this. Sir The railroads pea-'rs,. su,ss rysrv
county ana Iisn!d rcscy and e,tsp ncsas OF trns
ror,sson Tls he Gays OF ra.iTo dis bur shen n r.
irs 10 Il canasibey are the source Of tsr
dsrs 90 the people . tax which II i,npa-ni by lxsh
son worla be .aeaonrced by a. issorr n,-issae ga
ay,-sr AZ IN oct q: isiesies mischief and for, Ayx.
he says "Msny entertain the opinion thai ralfssi z
VIII in few years, TO great extent divert conm-gcs
Iwopld IKE Mr.. Chairman. to have the Governor ,.a
a. :, ho the-e mann and lhe-c "some hare Are A>v
the ssleeocs,ifufed Cabinet Councillors who slei ~
Governor In drswins up De ssna' surg saonst u 80
them are shscnt from the csy on q pilgrimage en-.
piorins expedition 10 Concord
The Governor sir. refers 20 another satJec. wasca
scarcely expt ted for divers reasons 70 ind IN the Ms
ss,e iresa hsripan and qucksspd. In csmnea,isf
upon this passagc do rot intend 70 pronounce ad.sser
anon upon hsripan and qaickssnd OF upon the props
ETY. OF having sdmed this classification IN Tie eas Goa
,,sets az 81 But Ne the Governor HIS seen &c rer
10 the subject IL proper the fact should be ksova
th.t tbst classification admitted oy the votes az ioz
ot the preseit Csral Board viz Ii Gov Church Cssl
"Reminiscences Matter and Fosa. and thst other very
;.,;nyuished capsi riap." Attorney General casrScA
These four gentlemen 81 voted Tor me hagdpaa AID
ouickssnd classification; and at some proper tina
shall take occasion 10 show why they 50 VOTED snd ora
other mstrers and the wherefore. in the coarec
ZION refer 10 the matter now merely to say thai tsi
sllusioa to the acts Of hs esssi fyisss IN tie Csl
BOARD. wss the aptiad,sf cat Of all"
There Is another passage in the message 70 waicai
refer ior the purpose Of ssSpg gentlemen sheher tay
believe il 10 contain the shadow OF truth refer %
what the Governor says on page y;
'It csnro ~ said our condition IN sll wsswnSt'Ge
financial EN- berrsssuents OF the tune.
Nou sir who believes this sfstemeBtt | am ssa's
that some newspapers in this State alleged that our sfcc
iun down below par becsusc OF the Dad
our State finances But thai sir, was net the FACT ou
sto.ks run down not because Of anything wrong done
Ia this State but because of the general eoarfasmcor
OF the endorsements IN the stock msikeS "a
ot in the pccuniary condition Of commercial neo
NJ Of 10 State al
stocks for iRudiclous purposes, ana ~cm.
unable To meet the interest upon tnem tus 80 uue
az Arkansas whose al the tiae referred 10 rea
Joun 10 II or IL cents the dollar ILLINOIS sockr
700 were ling from II 20 ~ cents ana thc stocks
o various ether tstes yacised from ~ TO 30 cents 90
the dollar The stocks of this STATE were snecscd oy
tIi General repnJbti n Foreign capitalists refused 10
make invcstraents in the stock OF even New fork.
because so many States we're bankrupt or dsnones&
Hence ssseft that tbs passage In the 'overnors ms
ssse is an upjusiidablc pcryerson OF history, which
deserves rebukc
The GENT, man from Herkimer the other day, seci
dentay referred TO the question OF general economy
the management Of the canals, insisting thd sound
economy forbade The Legislature mourning any dbi
In this matter differ from him entirely In my ora.
ton, the soundest economy prompts To the Specaiee
possible completion OF our entire system OF esnM nl
rroye,reIts And notwithstanding the statement OF
certain cty paper which studously pervcrts, without
reporting what say can defend the speedy policy.
on the score OF economy. lhsve plan oy when tns
desirable result may be communicated have NOT pre-
ent, that plan because do not wish 10 be forward m
even appearing to dictate to those who have the pee1
supervision OF this object | wish my friend nom
Jefferson mir Wes 10 mature his plan before present
mine with the hope however thai bis plan viii super
sede the necessity OF mine.
What desire to do, Is to inquire wnenef ms
State would wander from the path OF economy, wv
shonld Immediately resume and In four years complete
the public works. I saii when up before th@ tnis
coui, Se done for twelve millions; ana IN 'hs sam
include the Cayuga aud Seneca Canal, snd tue payment
of all land do Wages This estimate Is no work oil my
own, h i based on the careful estimates OF scientific
men and believe the sum required VIII DE ics- Rather
than more am aware that estimates are not always
reliable The first estimate of the enlargement was
twelve millions, then twenty three, and then twenty
eight These variations wore tho result, hrs OF the un
asceitained difference between summer and winter
work and secondly, OF several years experience u
the work upon which the estimates were made IL Wa
ser acquiring all this experience, that the estmsteo Of
ten millions to complete the public works was made
But VIC have something even better than the engineers
estimate upon which to found an opinion. The whoe
work was TAKEN by contractors, In the lettings OF Oh
for something over eight millions. Now, IL we makes
large allowance for "hardpsn and quickssnd." say
million and half, the sum continues below eleven m'l
ons And for this everything proposed to be- done
can be done and that too before the end of four year,
Now, Sir, would the expenditure Of twelve millions,
necessary for this purpose be economical expenii
hro Look ut the figures OF receipts
The aggre gate OF tolls received in 1851 Si1o201o
Agsregate cost Of repars''.'''..''''.'''''' s''"
Aggregate net revenue. Slss&2fw
Multiply this BY four............'...'.......
Ard the result is of.................eli,SS,W MSS
for four years. sum sufficient 10 complete enirs
systfm OF Canals Tie paid by those who use The
Canals annually 20 about Sf5O0OO0. Ixo
millions OF this un, ut least would be saved by the On
largemenf.
beg Just here to cal the attention Of the Commstss
to report made by Controller Flsgg TO the ConsttutoA
oil Convention OF 1916. He called upon to make
approximate estimate of the value ofshe Canals OF the
State. He complied with tls request and his reply
was that they would pay annual interest Of hyepsr
cent, upon thirty two millions OF dolars e.
New, Sir, suppose by cxpendlpg sl2,0o00O0, you r.
duoe the cost Of transportation 81 you at once
double the value of the canals to the consumer. sap
pose yon save 81 0C0O00s year in this manner; this
the interest," at " cent, on $40 $4,000. BY enlusinl
the canal therefore rs n thus reduce the price
transportation you add $40 600 900 to the productive
value Of the canal for the interest upon that sum WIN
be- saved, 10 those who the canal the products
borne upon IT, This, th, .cfore would make the pro
ductiye value o. the canal 900 COO the moment they
were enlarged and In ten years they would paya3v
cent. interest hundred millions into the Treasury
OF The State.
Time will sustain the calculation and demonstrate the
folly OF thosewho hesate 10 invest si2WooU TO com
plete the public works.
Suppose you should be able 10 pay the debt ere
scd for this purpose in eighteen years you viii havets
the next generation enduring evidence ofyour ener
prise, productive of incacuabc benefits 10 this Ass
proceeding generations, increasing and magnfyingt ms
gigantic Of State jasty called On Enptys;
sni this enduring work will remain 70 DISCHARGE ~
debt incurred for IT. compilation, without hardening
those who shall come after II viii Augment bcyone
Calculation the value Of our lands increase and ese
hsh the sscendency Of our commerce. sustain oar p0e
tion first in the coniederaey and perpetuate he Dig
Diy aad glory OF the State whose motto IT, and hope
ever may be, Excelsior"
MINNESOTA. 81
Rev II. NJ. Nichols, who is new in Mime
,c.s coinnx t,,at t.ta,l a..