New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-04-03

The present Legislature OF New OK ls composed
of Senate chosen in 1855, wherein the Republi-
cans have bare and somewhat dubious majority,
and an Assembly chosen in 1856, whereof nearly
two Thirds OF the Members are Republicans. THIS
Legislature assembled at most critical period in
the financial history of our State. The Nine
Millions which the People through an amendment
Of the Constitution of lSl6, authorized to be Dor
rowed for the completion of our Erie Enlargement
ard Lateral Canals are practically exhausted, yet
Three to Four Millions more are needed to finish
those works. Meantime, our Canal Revenues have
for some years been gradually falling of, under the
pressure of Lake and st. Lawrence, but more espe.
cialy of Railroad competition until they are glar
ipgy inadequate to the financial wants of The State.
There is good ground for hope that these Revenues
will be restored by the speedy completion of the
Canals; but TO that completion it is Indispensable
ths. at least Three Millions be raised and e1-
pended Whence shall it Gomez The Con-
s,ilu,ion furblds farther borrowing and the People
heartily concur with and cling to the Constitution.
The State will not 60 deeper in debt aud there is DO
Alternative but direct taxation. An extra tax of
one mill on the dollar for two years I've should pre-
fer two mills for one year) must be imposed, aud
this will be sorey felt especially by those sections
which realize enormously believe that they are no
wi.e benefited by the Canals. 1t ia true that these
will bs benefited, with Others in the increase of
Canal Revenue that must result from the enlarge
ment of our great artery to feet by seventy,
20 that boat-lOads Of two hundred and forty tuns
will be drawn as rapidly and with as little power
as is now required for beats of half that capacity;
but such considerations and cOmpensatOns will ever,
to the mas Of men, seem vague and dubious, while
the increased burden of taxation is q present and
onerOus reality. To tax and complete is manifesty
rights and yet it will expose to censure those on
whom the responsibility rests.
In this copjuncture, when the managers Of the
two parties bsoly beaten in our last State election
sre seen drawing together in the town elections,
and drilling up their bgoted Know Nothings aud
Romsn Catholic Irish to work lovingly in ncert at
the polls, preparatory to more perfect and efiec-
tive union for next Noyember's struggle, what can
be more obvious than the duty resting On the Re
publican msjority in the Legislature to study aud
prsctice the most visilsn and sctupulOus economy,
and postpone TO q more prOpitious season every
outlay that Is not imperatively and instantly re-
Guir,d' Who can fail to see that the enemies of
ibe Republican party, of whatever name or nature,
are most anxious TO raise any war.cry and magnify
every clamor that shall tend to distract atten-
ton from the great, controlling issue of the uita-
ton or naturalization of Slavery So glAriagly
tenabe is the position on the Slavery question into
which their foreign alliances have forced them
that they must hail with joy any dis ,usson or dis
traction that tends to beitte obscure that ques
tiCn. Personal defamation clamor against Repab-
'icsn prodigal'ty or corruption, hostility to in
creased taxation or unfufed obligations, these,
and many like them, are the natural devices and
lodges Of parties situated like the Slave Democracy
| and Fillmore Know Notbii ~ of our State. From
men In their position, nothing else could be ex-
pected.
What, then, mus. We think Of Republican As
.embly nd Committee Of Wsys AID Means which,