The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-01-24

the Investment At tho CSntrul aud
Sou bern pDe- rsio,d aud thrir tr6u.si4s pasSux
thr, uau tLls from EAAt Tes before the
dos be pee nareutiy cso.ed Ye tssth-
stsp6rg this enormous outfsy ~ capt.A consider Alt.
portion Of Itch has realized in c..h
I.nced her. In const-ucdJn equpneut. tbs ,iu
res, BY wise and orudens management may b. ma 10
10 yield FAIR ,eturn their cSpta ascorlioG 4. ths
financial conoiion OF each and thdr i've .va etss
Of ocation Blu. it must be obvious ~ all that
great thei business local sdvan'age 20 asss pe
severance in heir Efforts oJare each o'hsr viii
IN cisco0htars TO DO In pioporu,n to the 40 lily Of
essh Ter prosecuting 'hi foolish warfare.
WI bout going n,c ended invsstig sdon - al
that the tIie canal, whsn enlarged, will c,nm mi
age portion Of the carryitg tsds wnlsn aroag
this state 1t Is only 10 refer 70 tue ousin
OF the lsst year osh tho thst IL CHI ne.
OF trade which cannot be oiSens with without emit ns
upon the general interests of tho State ojasie OF see
ocs character.
TIE business Of our canals especially o. the Eris
oswego, bas had u're otihsaines TO eneouafer toe
past than will be Likely :, o,cur sgso a. any fi
tule perite.
HE strrsg which hes been main'a Ell bet seen the
leading railroad hnes and tho ed s OF =, secure 70
isef The greatest at frrgh have aresdy osea
reiati,dt. Mach OF this freight mas bsea cs.Itsd at
prices Shich were not only no 70 m en
psuies but ~bh were much lower thsn we're M iessiry
10 smr and TIE usde
The I1icss OF al agricultural plci ,ts have ranged
higt IN market irnugho IL the .n.-t Flie loans
coold bs ,sineo from toe banks for period ouy,
I fcr ard property ruling ut 81 81 hieA ates.
These circhnis an,e' have hal powerful idhusacs
up the busipess of The canals and oms OF han of
such hat they canuo; be c0u'isued without
ssri uy aecing chs tut OF those who have o.ea
i0ttrur 81 In roducog them. Ie. while coutsciak
with ,hee untoward icAdences, the revenue all .hs
canals # ibis Sse has tho last year excssdel ti.t OF
the precsC ing S'eh bsog tbs fi;t while tia Este
and Osw. ais have Retained heir business 81 a,lgh
coulter cos sgsnt such cisadv images To caaLl navg.
ton Is IL evids nt thu. these sansls can compete
cesslly with he railroads in tie traasportad2n Of
freisht e<p caly when they shall have ceen enlarged
Throughout
There is necessity however for any ssie
ccmpettnn bet ~een the canals ard railroads of thls
State, any valid reason be gwen why 1t should
be continued There is business enough toe all ras
d III ne hfee is
suncient TO accommodate advantaReously the pressn.
ousiaeFs, and will here vea:ure the edct,on that
within ten years the tonnage that will fesk IA Quiet
through his STATE will exc.ec The clpacy Of our p-esent
artificial avenues { trace Thea Tho utility Of the en-,
lsrReuent OF the Ee canal wi be demonstrated, aud
N w,edo Of ira pr ,jecsOrs advocates ackn
lave ceem.d t all i,aporta, 70 endeavpr TO dives;
that railroads contend With WAFER iaes Ia tbs ecoao
my of trsr ation aud TO how thu ols OF the
managers # the former in content lag for a BUSINESS
which, when obtained VIII neither a,gmeut their prof It's
nor in a. gay improve taei- condition.
The III owing e1acs from ths last namsi re port
car sls will represent fu " the .us position Of the
In improvements OF this State the relstivs advan
tsge- of eacn ne0e q conmanica on and the inf
the one has upon the other:-
10 proper examine he In improvements If this State
The AMI ,arcns mus nc considered ~ parts OF sagie
the Sse expenditure or the Of her canals
eprons ae nye,m@pt Inc object OF the PROFESSORS Of orr
railroad OF the other hand 10 receiTe orot able renrn
harte" rshis such lendures would
us net saa 5 rso s DE- lave c s c s,,roo., sp
psrforo nsisssary ,he
functions without effort rFalshp they add TO- instead OF
she sepser travel psonsa exc ns,yey to the r,lr,.d
While be apI or OF che AID ieivY arcies q rei4't be-
lho,e arc,es hSh elule TRANSPORT Ia conse
10 def eSi or Ia h. or toss vh5n IeqnIe susk dage
r nee The q,'ins eacie OF huatag n,kr iii lake
vi, sls ne ,hsr5fr traus.or b, S,aal
are a'e hsa tie ga ;cHie s1r sar RAJ r"ai
was =, ile : me- 'ne NJ apoiy ana cSnyeneacs IN
reach Atatc port nducet grea of them
pnrchssc her supplies =" our ,9m nerca me,1"pos che
have tsn as 70 hen sss fer h9 s lie ciresd y
sncsaesed n "ce,rnIinssg a. S,v o ssrh b,s
trbu ed re p,ospert Of he other have largely
lh7 >, ti goo, y. VII lc has und u ntedy re 10 pr
mot-d notsi hsar Ding the imperiecf ana looe
which usny o Iaiir hove been proe; ths
wmks carried forward spa the uses operstd, sdd
chsrsce izsc nave been n their manage aens
By amount q gam oipg ia ID sd corrupt,, unp.-
Riied in an, ler trsnch If niusty, aai high dis
g. CO vi 20 the parties oDcerre 10 IL
Who tbsp e-irnats the b. nefciI effects the
fu ure odusny 81 this state am patton OF syst4 81
in errsl imp ,. abl het s,uud ,ais,
ard marked BY q IN 30 fe..ure4 of fsu1 add de
oepson whch have h herto fr-quen y characterized
hs u.araaeu,e ut OF rail oads il thi, unsryf
PsoGEEss or TIE ENLARGEMENT AND ESTIMATE
OF MEANS REQUIRED TO COMPLETE THE CANALS.
1he adoption y the people Of this Safe u o,1si
Vi nal end with hs o. prtvii ng for
TIE pltn CT the eoirgemgu If the Erie san OF GER
tain o'her cansis aud suthoTizog he borrowing OF
Of money uheh with the errplus tnsn
ticipa 3D. represented ~ bs sufficient 70 npli
that Object s-tws Exclusively hit large msj 'rity OF
cur citizeps nestly oes7c the ssee,y conn toa az
thnse vtJks. For that purptss they would have
ch0erfully voted for twelve tsen mi Ii f l.
lars. if that smount had deemed they
did for thu nine milin s II roy Of inme iiats
o. lsrgt nj viii key affixed Their approval rather
u4aa The amount required = carry IL mt, effect
Tho legislature has by sw proyii-d that the whole
work upon The several canals shall be completed stimuli
tsneousy nearly IT toe tine rs may be
tuble. Conrrsc.s lave accordingly been made for
Ieayiy ell the work upon the several canals, which, If
pscmptiy executed. will plate these improve meas
neatly ss the eame time. Appropriations have also
been made by the Legislature win view to the same
object
Il therefore folio that scc,rdiog to law and by the
the Cs ego Canal os made available throughout
for the Of boats II the largest class, until the other
cxnal~ completed
already provided, which are app icaoe only 20 the c,n
stituti psl improvement shah prove inadequa'e, and
turtle Iesor'ed 70 for obta,niog money
either by the situ;ionsl fox borrowing by
general tax saee cust ami wilt be general susp-asi)n
If the pusLc works. 1be effect OF such suspen os up
the trace and revenue OF the canals and up The gene
al IN The state, will be vastly disastrous
than the effects proaucsc by the celebrated
Suspension Of 1912.
IL becomes, then, que.i Of vi al Importance to
Ascertain Vhe her great calamity cannot be averteo
and il 1, can be In vh.t manner ana ny what
From the estimates submitted in this report It will be
that cost Of completing all the improvements
prov 60 for in the ns uienal amendment am ounts
gencies, to 81 OFT ~ This Is excl1sive of
a.ne4 Dg ano domsges removal OF buildings and mis-
ceilaLeous expentea
Macy Of The contracts taken ut prices low that
the contractors execute the work without pecu
mary secria:e which ia inst .nces Of nsces
81 very comfortable pof n, however, losses
sutared by the CONTRACTOR has AMI will be die t.
jndcous expensive III the execution OF
the work and. general rule excessively low prices
are opanied oy bao manage neu IL is fair 70 pre-
euns that responsible cnntractor-one Of good iidg
meLt and in all respects qualified to conduct his bust
t,,tb o
fer work below its fair yslIe
Tven, y-four contracts hsve already been declared
abandon d. and been re- let by tue Con raciing Board
Numerous otpsr contracts will prosab)y abandoned
from lime to time in the future orrgre-s OF the works
Fast experience mas shown that bat lew conra;s Tor
cor structipr publ. works. ether ny the State y
atons have been fully npleted strictly accord
ing TO all the terms Conditions thereof without an
allowance form beyond the estimated cost az the
contract prices. - .
Ihs Law Of 1854 was intended obyiate these Official
s spd 70 insure ,he completion of the con RAGS &C
li,o Ahatr.a md