New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-04-09

built up The line OF cities Aod viilAses through
which that Road mainly runs and m.ie that the
best route in the kno IN world for Railroad. 2.
This Road was chartered piece meal (most OF it)
With distinct condition that it stosif pay coll On
freight; and 3. Because it wouIi be az eIcel:ns
property considering not its Dcmiosl capital but
its actual cOtt) even though subjected to canal
tolls. In other words-we think the State has
fairly earned, stipulated and paid for the right TO
collect toll. on that Road, aud ought TO Dbl it
bu. We know 10 other Road that ough, TO pay
tolls.
A. We share our correspondence fear that the
Teessury is drawn upoa too deeply b our sue.
ces.ive Legislatures. The Annual Expsnditurei
are too heavy, as well a. the Cana changes; while
the passage by Ihe Senate o'such bills as that
the Rochester Mliers for the alleged diversion OF
the water Of the Genesee to feed the Canals, aud
that equally gast.ful, bu. not quite so proi'g,te
scheme the rebuilding Of the (52) Locks on the
Cbemuns Cansl on a &C ale of magn tude to corre-
.p md With those of the Eolsrged Etie-i0volsiog
the construction of new foundations and cost Of
little less thar One Million Doll,rs-mikes US
tremble for the future. Ii sush joos as these can
be engineered through the Lsgislsu ce, then is
our State on the high rpad to Bankruptcy. But
We trust thess are not destined to past least,
not this year.
5. Unless tne Canal charges can be reduced
one half We sre in favor o. completing our undn-
ished works at the earliest moment, ard then sell
ipe rem cut 70 the highes. bid der, uuder proper
restriction, as to Tolls. We arc not sure tba.
thi. will not be best any how.
Now hear cur corresp ondens:
THE FINANCIAL DIFFICULTY.
To The Edioy Of The n. Y. Tribune
SIN: thank you tor pubUhipg, from TIE BgfsO
LLpress my article upon the subject OF Caual Tolls
oesire speedy completion of tbe unfinished Can ,s.
and thought to did that object by giving what |
thought good IeasOns for restoring branch Of the
Camel re venue. tina. hsi bsen destroy ed by unco0st
tutionsl leg .lation. That project is a, understand
substantially defeated. II railroad inter- st has taken
the alarm, end has acted efficiently.
DEERE now, 70 add my protest to the plan you "a
vor, Of sgain opening the Constitution, upon pretense
Of prov idDg for the Canals. Much as | desire their
omple;ion-iupoIta,t ss il is to every public interest
connected With them, that the enlargement of the
Erie should mo- be again suspended or delayed, |
cannot approve proposition to borrow more money
or what precisely bad, TO continue tho system Of
deferriug the actual pay ment Of pablo debt when
due. ibis is The way III great pablic debts which tax
successive generations for the payment of interest
which crese class of pensioners living upon the in
terest paid by Government are always created l
pro est too against the amenimeDt OF the COns.ltu
ton every tme il shall happen that free expenditure
sbsl dep,ete the Treasury Much might BE- aid upon
this subject, but will content myself by showing
that the necessity is not imperative a. you seem ID
There are
should first be tried:
/. Put stop iii some way to the sfuander OF
mouey unoer the pretense OF Engineering and Re-
pairs Ii the use of the word italcised prod any
SOUR mir e. will send you some published abstracts
which will justify its IL is time tor the Legista
ture to spply some corrective to the outrageous
ebufes that exist. | would have lay providing
that not more than 5000 900 ear should bs taken
from the canal revenues on account OF superntend-
epce cole cticn and repairs The residue should be
paid from the general fund.- and supplied by direct
tsxston. THIS would point to watchfulness that
both parties have sbosn 70 be necessary. But II this
car not bed one-if a. 200 900 Annually Of anal rev.
enues must be abstrsc'ed-then,
g Impose tax at once to meet the deficiency th,.
rnust OCCUR Ono word TO tts business: Aboat
els bit millions of the debt for which the canals
nor'gsged by the Constitution had no connection
with the cansls-,id Lot arise from them. There
was TIE Astor debt The Eaie X abroad deot, IN ,ney
los' by loans TO Bankrupt railroads aud debts orig
inatrg in various other ways, all charged upon tue
osIss. Nov il the State viii provide for the gen
need lot gain be suspended Ii i, is feared tla,
prcptry will feel the burden too severely relieve il
FROM TIL $500 coo Annually imposed for cho ls which
make them better thsn they were when they re-
ceiyed from the State only the income of the Liter
ature AID L. = Deposit Fund.
Repeal the unconstitutional Law Of 1850 relieving
the rainoaCs from tolls, and let the csns have the
hesvy FIRE gbts to which il is entitled One fatal oo
lection TO your plan is you cant carry it if you try
you sgtste the subject. and thereby prevent the
adoption OF some other PLAN you create hopes TO
be disappointed you mag have fair promises of CO.
operation from the railroad interests but that inter-
est, seeking only to delay the Enlargement loog
possible, will DE- sert you in the trial hour while people
who have personal interest TO serve, will be SLOW
In asserting to constitutional changes 10 provide for
deficiencies ocossiened By profuse expenditure and
disregard Of cor stitutionsl pledges.
have consented TO ame nd the Constitution OF 1876,
TO couptersct the consequences ct what thought
ursourd decision of the Court Of Appeals but will
not consent TO throw away entirely the safeguards Of
the Constitution against the creation aud continuance
Of 6 great State debt MEMBER OF The CONVENTION.