The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-07-12

CreduOTs Of our N0TtheTn R0dd-C0Nduct ~ me
Canal Board, &C., &c. A -
The high handed swindl'ng Of the now notorious
Schuyler, and the effect produced by his wholesale
reckless plumber, is by no means confined to the
locality Of the New Haven Railroad. The Susque
hanna, leading from Binghamton on the Erie, to
Albany, the capital Of this State receives very
severe shock, not suspension in its construction
in consequence Of the Schuyler failure and the sus
pension Of Gov. Morris, who were under obligations
for the construction, completion and equipment Of
this road. The suhcontrsctors, Mesns. Stranshan
d CO., are practical railroad builders, and would
push the contract through II they were Furnished
with cash at the end Of every month to pay their
men; but the company contracted with Schuyler
and Morris to furnish funds only to certain extent
and after that certain amounts Of scrip at regular in
tervals after portion OF the roed-say some forty
or fifty miles-should be in an available con-
dition for the accommodation Of freight and
passengers. The directors thus far have furnished
the funds regularly, monthly, in accordance with
their agreement and probably would have continued
SO to do until the period arrived for throwing the
stock into the market, as anticipated but now the
stoppage Of both Schuyler and Morris places quite
different aspect upon the affairs of the road. 1t is
seems almolt impossible to continue the coustruc
ton Of the Susqnehanna road, with the failures of
the contractors on one side and the strong and in
fuentia opposition Of the Central road the other
The city OF Albany Is ready TO issue its credit for
Million for the benefit Of tie road, the moment tn
directors are able to conform to the requirements
the act authorizing it. But, as matters now stand,
It 10 very doubtful whether that time win soon arrive.
Under all the circumstances, the directors will b..
compelled to ask the next Legislature to extend the
time for its completion.
The Northern road, cut through portion Of this
city, and extending northeasterly some forty fifty
miles, to Eagle Bridge on the verge of Vermont, +
about receiving Albany city bonds to the amount
Of three hundred thousand dollars to assist in pay
ing OF portion Of its debt. This loan has
been opposed nom the beginning, by large
portion Of our real estate owners, many OF whom
have not the least faith in the ability Of the road
ever to pay either the interest principals and they
conscientiousy believe that tax must eventually
be levied to preserve the faith Of the city, Should
such requistion be made, the payment Of such in
terest principal will be resisted to the tail end Of
judicial proceedings. Eminent counsellcrs have
already been consulted, whose unanimous opinion
sns s res sw
dollar bonds by the city of Albany Is clearly uncon
sfitutioDal In many respects. Under such har
zardous view, what capitalists will loan their money
TO pay the indebtedness to two or three individuals
who bold the road in their hands under mortgage,
when the exists constitutional doubts whether the
city Is liable for the payment of the bonds which
ale contemplated to be issued on the 10Th inst, as
advertised by the four commissioners VIII Messrs.
Ten Eyck, McNaughton, Martin, and Blocker, all
wealthy men, guarantee the bonds issued uni
Il eli band and seal.
The Canal Board have agreed to enlarge the Erie
canal, as the Rochester milers demanded. Nobody
thought different conclusion would be arrived ut.
These very disinterested millers and -four specua-
tors demand that the State should pay them uncom-
puted thousands OF dollars for using the waters Of
the Geresee river, for the benefit Of the Erie canal
They claim that river as their exclusive patrimony,
and so THY tell the Legislature !; and inpudentIy
declare that though the State may drain he Mohawk
1s the
They construct mills upon its hanks with the full
knowledge of the amount Of water used by the State,
ard aware Of the fact that in dry seasons the supply
for their mills frequently ails still they continue to
build their mills and demand damages from the
State, large amounts per diem, when the water ID
necessarily wanted for public accommodation 10 the
canal These millers applied to the last Legislature
likely have succeeded, had not the HERALD taken up
the subject and set the members thinking. Bat
now they are pursuing another course, which is
Of lie Cansf b ard q eoiarse Che canal from
| Like Eiie to Rochester, 80 as TO afford d sur
| plus OF water sufficient to drive any amount
Of mil ing power. resolution was adopted by the
Cansl Board in opposition to the State EDgineer on
II b instant, authorizing The surface width of tn
lnreeo canal ut Lockpoit to be about ninety feet
ri Ut Rochester some eighty feet with nine feet
water 10 depth at the former, and seven and half
secretary Of State, and adopted, contains this re-
nsrkable clause: Although we have full conf.
in the correctness Of the estimate Of the State
Ell gDeer and Surveyor in relation to the size Of the
canal between Lockpost and Rochester, based upon
tie supply Of water needed for the simple purpose
Of navigation, still, In view Of the other Considers
lions estofiDg the water Of the Geneeee), and for
| the purpose leyond . contingency Of supplying the
Erie Canal with water 10 Montezuma, larger
| cal aoity may be desirable"
This resolution, or rather preamble, was adopted,
avowing the reasons why so large volume of water
knowedged that much less quantity will answer
oil the purposes Of navigation. For what other
purpose, thtn, does the Canal Board expend the
moLsy Of the ptople9 II certain capacity
duce, merchandise, de-, what authority does
that body possess to construct the canal Of
sny lsrgrr dimensions None whatever. Bat they
declare that other considerations induce them 70
introduce much larger quantity Of water than is
required for the puIpost Of navigation. Now, 1t ia
psfftctly evident that those other considerations
ore leEeHts to the Rochester millers. It u for
! bringing volume Of water from Lake Erie, dis
tsIee Of Mme hundred and fifty mi.es, for the sole
purpose Of running out through waste wers at
Rochester The canal Is 70 be mace couple Of
feet deeper, and four or Eve feet wider, between
LotkIo,t and Rochester, than ever can Be required
for navigation purposes 1t Is only TO bring large
surplus waters to Rochester, which are 70 be used
by The iane clique who are importuning The Legis
lkture for hundreds Of thousands Of dollars on &C.
count Of losees which those unfortunate individuals
slls &c they have sustained in consequence Of low
water IN The Genesee, during the droughts Of July
and Auputt, for tie last quarter Of century. Now
all this 10 dole against the opinion and protest OF the
State Engineer, the only person in the Board com.
petent to dye Of the matter. But he Is overruled
by the influence thought to bear upon the Board By
outside pressure and Interested persons. The only
mtmte r Cf the Canal Board residing OF the line o.
the canals Il Mr.. Hoffman, the Attorney General;
ard Il appears that he went TO the fullest extent
with others in furnishing water for the Rochester
millers, at very enormous expense to the State.
Thee modest men demand Q million from the State
on account Of damages, az now they have induced
| the Canal Board 10 spend ano: her million.
A etrsres,'s 6Slsvanees ln New York.
| TO TIE LIrroR OF TIE NEW YORK HERALD:
/ S-r-No enc 10 more thankful than am for in
fffmasion u aLY kind conveyed TO mo in any form