The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-09-09

$35
Thus showing that at the close or year under
the democratic policy the surplus revenues would have
paid for the canals within s35 ESQ Sc.
But let what the Seward policy has accomplished
In 1888 Mr. Rugges in report from the Committee Of
Ways and Means OF the Assembly proclaimed the new
financial theory that
A sum of thirty millions might be borrowed expended
and finally reimbursed within twenty years, forty
millions might be so borrowed and expended, and REIN
bursed in tweniy-eght years.
In 1889 Mr. Seward, in his first message as Governor
endorsed Mr. Rugges theory, and recommended as the
"poicy Of the State y in the following language
las, House which this subject discussed with eminent abb
& Theh Tes in @ thai hat canals are
waran the State in expanding in internal Improvements
Of he Would reimburse this expenditure
S Tons sam exceeds n any estimate the ex
to be doubted thai the parts etobe constructed will eventually
though interest the and trust decisive Of It's
policy, have not been questioned.
This theory Of Rugges and Seward of forty million debt
has been carried out The moneys borrowed have been
eaten paying interest and have squandered as
moneys obtained by such system Of finance usually are
Instead of having the canals completed they are vet un
nished, and we have the following canal debit
Old canal debt ACKNOWLEDGEMENTS. s12 OOO oAo
New canal debt ACKNOWLEDGEMENTS. 10 900 900
Floating debt 5000, 900
Total s27 900 900
Add So 600 600 to complete the canals and we find the
taxpayers of the State thirty millions dollars worse
of under the Seward Ruggcs policy than they would
have been under the democratic policy This is the
blessing which Sewardism has conferred the people
OF this State.
From the Albany Evening Journal
We have already stated, what the Alas and Argus
cannot deny that the Erie canal enlargement the Chenan
go canal, the Genesee Valley canal &c, democratic
improvements Whether the debt created their con-
sructon be more than $40 600 600 the laws under
which the money raised and expended were enacted
by democratic legislatures and approved by democratic
governors But silenced in this respect the 1las and
Agus falls back and rests upon what chooses call
1.-THE democratic policy Of paying you co. OF PRO
crossing with the enlargement only fast the surplus
revenue Of the canals permitted Now will Just strike
this last "prop' from under the democratic policy. y
leaving the edce to topple down upon the heads Of
builders.
The Eric Canal en- largement was authorized by law
Of 1885, by democratic legislature It's dimensions az
VIII be seen by the following, fixed by democratic
canal board
FRIDAY July g. 1885
Presen-Siephen Van Rensselaer, (prcsdent); Samuel
Young William c. Bouck Jonas Earll Jr and John Bow.
man. Canal Commissioners John Tracy Lieutenant Gov
ernor; Aziah G. Flagg Comptroller: John A. Dix Sec
rotary Of state; Abraham Keyser Treasurer: Greene G.
Bronson, Attorney General; William Campbell Surveyor
General. -
The Board having taken into consideration The net en-
III ed An act in relation to the Erie cana ppssed May
!. 1895, thercupon
Resolved That the public interest requires The enlarge
% s ss I ~ m sc. s Erie canal and the construction
Resolved TIN, the doubling Of the locks and the works
prosecuted with all reasonable diligence beginning wish tat
portion o. The canal between the village Syracuse
Resolved Pursuant tenth section of said act that the
after sunisyni shall aye collected and invested
rom % cai revenues 10 discharge The Eric land Chtnpain
Resolved That the Commits toner's proceed without
1eAy " make surveys for all the improvements contemplated
~ we s act ard that they make the appropriation
u an aas wa;ers and streams for the purpose aforesaid
: Inc lanai Board, consisting of Messrs Van Rensselaer,
DoucK' raril, Bowman, Tracy Flagg Dix, Keyscy and
nppei, made special report TO the legislature in re.
.aoh y ne enlargement the 26,h January 1896
winch WI DC found in Assembly Doc that wear No gs
ihs ioho"hg are extracts from that report
BOARD after careful examination of the do
me surveys and the submitted 10 their
neciac hat the canal should enlarged d, seven
me present month they agreed a o IlO se., III,
tne quoi posts and eighteen feet width OF ch,nber pace
The importance, necessity and wisdom Of an n.r,o,
complexion OIL the enlargement became apnarau. ,ba,
the Senate (st democrac) Of 1897 ALLOWED RESOLUTION
inquring OF the Canal Board whether in ~ indonn, ,b
interests of the State would be promoted IS, thc COM,
petion OF the enlargement az period earlier than 80
contemplated by the act Of 1885, -
To that resolution the democratic Canal Board (csers
Fagg, Dix, Earl, Bouck, &c) replied follows
the opinion Of the Board that is for The or e
10 with the OF the u
that completed than contemplated ,y ne
act Of May II, lSS5-tPagc ~
Gov Marcy in his annual message, thus earnestly re-
commended the completion Of the enargcmcn 'at the
earliest practicable morhont';-
The unfinished works Of internal improvements, Including
the Of the Erie canal will Involve according
the estimates that have been made an expenditure OF $l5
UO,0OO.
The hes, interests Of the State appeal you with great
esess 70 provide for the early completion of s important
nnprovemen am persuaded That larger than the
slappoPrapeR might bs Autobiography expended with