The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-02-06


oGay are reports OF the arguments of counsel in the
United States District Court in the case of Alex
ander Heilbronp, claimed by England as fugitive
from justice fer an alleged forgery Gaze of H. HDay
VS.. She New England Car Spring Com lany; various
decisions in the Court OF Common Pleas, &c.
The attention Of politicians and all others who
desire 10 keep posted up in the affairs OF the naa'n,
is directed to the history elsewhere published of the
late election for United States Senator in Georgia,
including sketches Of the former seastors and lead
ing nen Of that State.
odsys inside pages contain large amount OF
foreign als domestic news, to which Want o. space
precludes particular reference. We VIII merelg
recapituee the headings of tie most important -
Letters from Vers Cruz, Gibraltar, Caracoa, Pc
nlmbuco, Erie, Harrisburg, Boston, Georgia. Caves
ton, Toledo, Iowa, Oregon, and Washington; Ptolc
Opnion on the Scarlet Letter; further from Acstra
liza and Rio JsI GIRO; The Hypocrisy aud false
Eu'nanity Of England; Western Hc3 Packing, Com
mercial, MErine, and Miscellaneous Intelligence;
yeekly Morality Rerort, &c
An Important Election on the Fifteenth
shrli the stsee Run i,2to Debt len or
Twenty Millions MOres
Very little attention appears to he paid to
tie election which is to take place in this State
on the fifteenth OF this month. We hear no
noise no excitement no canvas fer votes end
vet in comparison with elections for State oil
GERS or even Governor or President the one
now at hand is paramount 10 Importance to the
peoole Of New York. There is g sound reason
for the anomaly. Particular care has been
Saken by those who have arranged the affair to
munle up the real issue in unintelligible words
and Obscure phrases, so that very few of those
who win be called upon to vote will have any
idea Of the principle involved, or the problem
proposed for their solution. They will be told
that on 14th and 18th June 1853, the Legisla-
ture, sitting in extra session, passed the follow
ing amendment to the constitution Of 1886
Substitute for section three of article seven, the
foll0wlpc:-
perintendence, and repairs Of the canals, and the
sums appropriated by the first and second sections
Of this article there shall be appropriated and set
apart IL each fiscal year out of tbe surplus revenues
Of the canals, a. sinking iuud, sufficient -
pay the interest it falls due, and eXtingush the
prIc1ple with eighteen years, of a1y loaG made
unGer this section; and II TIE said sinking fund shall
mol be sufficient 70 redeem any part OF the principal
OF the stipulated times Of payment, or 10 pay any
part Of the interest of such lolos, stipulated the
meals 10 satisfy any such detncancy shall be pro
u.
plying with the foregoing provisions, there shall be
Paid annually out u faid IeveLats into the treasury
of:he State, two hundred thousand dollars, to detray
the necessary excuses OF government. me re-
mdiDder shall, il each fiscal year, be applied to meet
appropriations for the enlargement and compile
ton OF the canals mentioned in this section, until the
said canals shall be completed In eacn fiscal year
thereafter the remainder shall be dE posed of in such
a manner IS the Legislature may direct, but shall
al no time be aptcip. Ied ole dyed for more than
one year in adyan e. The Legislature shall an.
nnally, during the -ext four years appropriate to
the enlargement Of the Erie the Osvego, the Cayu-
"a, and Seneca canals, aud 10 tue completion OF the
Black river and Gepesee Valley canals, and for the
enlargement of the lecks OF the Champlsin canal,
whenever, from dapidation or decay II shall be
necessary 10 rebuild them, eusn not exceeding two
mill ops two hundred and fifty thousand dollars
the remainder o. the revenues of the canals for the
current fiscal year in VIII Gu such appropriation Is
made, shsll be applied TO meet such appropriation;
and II the same shall be deemed insufficient, the Lee
gatuTe shall, at the same session, provide for the
def sienCy BIZ loan The Legislature shall also Dor
row one million FIVE hundred thousand dollars, t.
refund the holders Of the canal certificates issued
uLGer tie provi.i OF chapter 4S5 of the laws OF
The year ISL the amount received into the treasury
thereon But no interest 70 eccrne alter July |,
1850 shall be paid such certificates. The provl
sions e section twelve o. this article. requiring
every law for borrowing money to be submitted TO
the people. snail not apply - the oaos authorized
by this section. No part q the revenues CT The ca
nas. or of the funds borrowed under this section,
shall be paid or applied upon, or in consequence o.
any alleged contract made under chapter 4S5 of the
laws of the year 1851, except to pay for work done
materials furnished prior to the first day of June,
1852. The rates Of toll on persons and property
transported On the canals shall not be reduced be
low those for the year 1852 except by the Canal
Board with the concurrence OF the Legislature. All
contracts for work materials on auy canal, shall
De made with The person who shall offer to do pre-,
vide the same az The lowest price, with adequate Sc
curly 10, Their peri rmauce
This amendment having been again passed
by the new Legislature, a few days since, in
accordance with article IS of the constitution,
the only remaining formaliy which is required
to clothe it with legal and binding force is
vote Of the people. Accordingly, an act has
been passed at Albany, declaring that the sense
cf The people should be taken upon it on the
18th irst; and IL viii devolye upon us on that
day to say whether or no it shall become law
Of the land.
10 exercise Alright this function Of suffrage,
the most acute intellect in the community will
not deem some plain translation Of the above
amendment entirely superfuous. The bulk Of
the public would never guess that its real
meaning was en- authorization to the Legisla-
turc TO borrow ten millions Of dollars tor the
completion Of The State canals. Such however.
is the simple truth. The whole pith and mean
ing If a vote affirming the proposed amend
mcut will be an emphatic expression Of willing
ness On the pant OF The people to tax themselves
for the payment Of the interest on o fresh debt
of ten millions, to be incurred for the purpose
Of enlhrging End completing the canals. In
plain English the question to which We shall
bo required 70 answer yes or no, will be simply
this: DO you or do you not consent to run the
State into debt len more millions Of dollars, in
order to complete the canals; and do you or do
you not bind yourselves and your postcrity to
pay the interest annually On this sum, AID the
PRINCIPAL when It shall be required?
TLis is a remarkably plain question: such
one as every business man is called upon daily
to solve IN tie ordinary course Of his affairs.