The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-02-12

Albany Feb. IL, 1874.
CANAL AND FINANCIAL POLICY.
Mr. WET (dem Of Jefferson, glad Mr.. Loomis had
brought his resolutions before the House They would
elicit the views Of members and lead to the adoption of
vice system Of expenditures. They call attention TO
the mise pplication Of the public moneys The bill oil
Mr. Bush calling canal superintendents to public ac
countability would greatly promote reform. Mr.. W.
was not aware how Mr. Iocmis designed 10 effect the
form in expenditures, contemplated by him. II would be
difficult to manage the canal expenditures without eav
ing great discretion to public officers The discussion of
canal bill had taken wide range, and he must in
degree follow it. The minority had started from
their burrows and made venomous assault upon the
he must rcpel the undeserved assault. The
canal had been constructed in the face OF
debt and TAXATION and consequently under great dsad
vantagee. But as it completed ii began to
s debts and provide for its improve
ment When Mr. Seward entered the executive depart
ment he recommended system OF extravSgans pendi
ture the Of the policy of wise economy which had
been acted on BY the domocracy His nrst suggestion
was TO incur forty million debt and an extended system
Of railroad construction well of canal enlargement
The enterprises recommended by him would have brought
upon the State debt of hundred millions OF dollars
The credit Of the State previously good snapped under
this shahy policy The democracy, who went out OF
power leaving full treasury and returned to an
TO the ruinous policy Of the wings. They inserted
article in the constitution which would prevent the
of ths the attempt was made 1851 trampe
constitution by the nine million law. This scheme
properly deEominated the sec0nd Impulse OF speedy en-
GrpsncDt. II was Of the most monstrous and
rupt schemes ever undertaken by Legislature. The
secret history involved bribery favorts and corrup
ton Of every kind II finally carried BY the aboli-
lion OF tolls railroads. sacrifice Of the highest mag
nitude They unwilling 20 have the law referred to
the courts to test its consutuonaAty The democratic
party - n power and responsible to the people
Tor the policy to BE- pursued They have legacy OF
debts, protested drafts and diminished revenues Tho
constitution restricts ths Legislature from contracting
debt exceeding million Of dollars Yet there is un
conNtutionai debt for MS TO pay OF near four
milons. There also deficiency in the
general fund, and the reseurces Of the State
embarrassed by the abolition Of railroad tolls
Such IL the present position OF the staa Under these
circumstance required TO carry and enlarge
the canals has been charged upon the Governor that
he recommends nothing. There those this floor
whose political views Of positive and not merely
negative character The Governor could not expect
make his language acceptable to the minority. He Is
charged with being unduy friendly to railroads. Tha
was done by perverng The explicit language Of tho
sage The enlargement Of the canal that Il win afford
channel for boats Of hundred and City TONS dis.
| tinctly recommended. He recommends an expenditure
Of million yearly for six years, TO accomplish this OBJ
iect. He has suggested the msthods Of raisng ths
! pcedful frnds--e tay--a loen--or amendment 10
| the constitution. Future Lesr'atares could sctsss