New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-03-30

l
headed Committee would have been clever deSice;
as the fact is, We doubt its paying expenses.
The suggestions of THE TRIBUNE as to the best
way of providing means for the prompt completion
of our State Canals, not acceptable to all our
cotemporaries-a misfortune which has not taken
us wholly by surprise. The Albany atlas even
asserts that THE TRIBUNE "snaIs and cavils" at
the antagonist scheme-a most mistaken assertion.
THE TRIBUNE never "snarls"--t would not dare
if inclined, to do 80, lest il should infringe some
patent of The Atas. That paper with its usual
courtesy, says:
There is but exception Of nets to hi; general tone Of
udiciCus ndorse Precisely th. exception essential %
proposed Had THE Joined in the general voice Of
sfaon Of would have hesaed and reviewed their
position 20 whether there not something wTors
The general voice of satisfaction" is that of all
who are under the influence Of the Central Rail
road, which Low seeks to evade, and We presume
is destined to evsde, that contribution toward the
relief Of our embarrassed treasury and Overbur-
deped taxpayers which seems to US demanded
alike by natural equity and by the stpulations
under which the several roads now consolidated
into that mammoth Corporation, so oyerpowering
in its control over our State politics aud politicians,
were constructed. That The Atlas should con-
tribute to the general tone Of appreciation where
with any legislation calculated to favor that Rail
road is sure to be hailed, can surprise no one.
The Journal Of Commerce argues that no delay in
completing the Great Canal is involved in the New
Debt scheme, because Git says) the money may be
borrowed ard applied by the State Officers direct
ly after the next State Election; whereas the pro
ceeds Of State Tax, levied now would net reach
the Treasury much before next April. All this
seems to us darkening counsel by mere words.
If Canal Tax be levied nov, the fact that Two
Millions are TO be realized next Winter, or sooner,
from the proceeds of thai Tax and of the Railroad
Tolls, will be ceItsin from the day the bill becomes
a law. The Canal Board and contractors may go
on and do Two Millions worth of work forthwith,
relying on those proceeds to settle the score; and
the certificates of the proper officers tina! specified
sums are due from the Treasury to the contractors
to be paid when the Canal Tax of 1868 is collected
will be readily discounted meantime BY the Banks
Will ary one pretend that work can thus be prose-
cuted on the strength Of ratifying vote which the
People may (and may mott give next November
Mr.. VIM. McMurray dips into this contro.
versy in letter to The Atlas, promising that
"there is now no use in indulging in regrets or
examinations in regard to the past and pro.
ceeding instantly to assert that
THE actual the canals for the s % have
beyond the possibility OF doubt denial that had
the system recommended by The fathers OF the Democratic party
enlargement Of the surplus revenues Of the osnsihe
only have been completed this but the State
would have been free from debt"
Now Mr.. McNlurray remembers to forget that
the "sys stem of borrowing TO prosecute more
rapidly the Erie Enlargement was recommended BY
Gov. Marcy in 1858, and entered upon BY
Legislature strongly Democratic in the Senate-so
that Mr.. McM will have to 60 behind the
"fathers" TO the grandfathers Of the Democratic
party to sustain his point
But it is in fact no point at all. To make it tel,
Mr. Mem cooIly assumes that the Canal Revenues
would have been equally large had the L" More
Speedy Enlargement" policy never been adopted
an assumption utterly wide Of the fact. But for
the enlarged capacities of the Erie Canal created
BY the borrowing policy, the freghts ard tolls OF
1s4O-5O would have been aarmiDg'y less than they
actually were; so that all Mr. Mem. would have
saved in interest he would have lost in tolls.
The n. Y. Timts joins in the cry against tn
positiops of THE TRIBUNE. 1t is "a little sur
prised to find US opposing further State Debt,
when We favored the mourning of the last Now
if The Times, becauae We have favored the incur
ring of one debt, presumes that we are henceforth
to favor every possible proposition to plunge the
State further and further into debt il 10 likely TO be
"a little surprised" repeatedly hereafter When
We favored that last proposition for new debt, II
was the distinct and general understanding that this
would be the iast-that, if spy further sum should
be required, il was to be raised by taxation.
Yet here comes call for -Four or Five
Millions more and VIC DO lot feel sure
thai inns viii be the last Borrowing is
SO easy an escape from present difficulty that We
appr bend necessity and disposition for further
resort to il. But let Us say mo More Debt"
and resolve TO complete TIE Canals by taxation,
malirg the Central Railroad help, and we are con.
ftent that the work viii be pushed through re,o.
iutely, speedily and economically. It's tle Canal
Tax Of las. year .as: has So. L, al 20 looking s.