The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-01-04

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dollars, which has been, b., supplied by loaas
and taxes The railroad competition is directed mainly %
the through trac u the freight carried on the canals
there II only one ton q through 10 tso tons OF way
freight and when the tols reduced million OF
OF competing freight, the same reduction made
TWO million OF tons OF noncompeuns iesht, showing
clearly that the treasury does not thereby receive the
largest at4ount OF revenue Is not the conclusion m
avoidablc competition has induced much greater
reduction OF tolls than necessary 10 etao 'he bus
OF the Lake countries to avenues Of transit and
our commercial metropolis? am OF the opinion that the
reductions Of the 1858 and 1859 nexpedient,
and that the rates articles should be raised nearly
70 those which existed prior To such reductions.
RECosNRSDs The COMPLETION or TIE CANALS.
Nothing, however will 20 efectuliy increase the reve
nues of the canals rs their entire and speedy com
petion, for which il is estimated there is needed tue
exclusive Of land damages, which are also
esurlateu a. ....................... 1W,Ooo w
making the total necessary. $50 $40 81
of which three handred and twenty-oue thousand tive
hundred and soven'y'one collars s already applicable to
The purpose leaving balance be provided OF milf
ion six hundred and fifty eight thousand nine hundred
and sixty uiue dollars and thirty seven cents
II Cannot be denied that there have been mistakes in
e past arising IN part from erroneous estims,es ia con-
troe of which larger debt than necessary has
tasL sed FOR the enlargement Of tue canals, aud their
completion has been unduly postponed. The result has
been uqose heavy burden upon the people without
1avne thus far derived all the benefit which they
Psiod. These mistakes however, matters Of the
past, important TO us only from the responsibilities and
duties they impose upon us.
sAlH or THE CANALS Mrounc.
TIE canals are 10 remain the property Of ta' State
the constitution would be doubiy st period whtG by
unwe legislation and uncontrolled com6 on their rove
have been reduced to the lowest point, and vhen
heir completion, now SO soon TO be realized, will enable
20 reap the fruits Of the sacrifices and expenditures
nhe TO made II is both practicable ana advisable to
entirely complete them before the opening Of navigation
in 1891 and to obtain the Erie aud Oswego canals the
ull waterway Of seven feet in depth by seventy in width
before the opening Of navigation the present year.
strongly urge that this DO done, even If should be
.essary 10 delay the opening FOR the passage Of boats
few days longer than ordinary.
Tie amount Of interest the DEBT which tho LeZsla
ture has annually TO provide is as follows
Tn the new canal debt OF Sl2,0O0,o oo contracted n
On the ger aral fund debt cbaI seable to the
On the several loans contracted TO meet casual
deficits for canal purposas 34,629 3
On school and Gospel fund Tor Stockbridga In.
eais'''''.' ....''..'.'.'..'.''.'.'.. 80 2,io' w
The interest on e old canal provided for by the
surplus OF The canals, but under the constu
ton what remains OF those revenues after paying such
interest goes the sinking fund for the redemption Of the
principal. The law uGder which the loan of two
millions i've hundred thousand dollars MAZE pro-
vdes for The lcvyng OF tax sufficient to pay the interest
and the Contributor 10 the sinking fund 10 redeem the
principal.
There is then needed
For ttc completion of toe canals. 81 $50 $50 81
For The pay rieit OF interest on the DEBT not
otherwise provided or.............. l01 1895 IS
For the expenses OF governments bey ont csti
mated permanent revenue. 200, 900 90
OF the complete the Canals, however,
not more than half DC advantageonsiy expended
during the year bedactng therefore, eight handred and
tven.y nine thousand tour hundred and eighty four dol
lars ana sNiyeea. cents from the above aggregate
have three MILLION hundred and thirty thousand
eight hundred and eighty dollars aud cents tho
amount to De raised to meet the current expenses Of
year, 10 which must be ADDED such extraordinary appro
prations any as are made by the preseu. icgsture
Tie genera, fund account deGcent about aeen thou
sand dollars at the end Of tue last dscsl year.
It VIII also become your duty 70 provide for the repay
nf Nc, l,t, f.
on the stock issued IN ISL and Tor other becon
ing due thereon unless the Commissioners of the Canal
Fund shall make loan for tho purpose The whole
amount required Will be seven hundred and ten thousand
dollars.
HCoSoMY AND INFRINGEMENT
The system Of economy ana re,renchment, which was
vigorously entered upon the Legislature Of 1859 should
be continued, the expenses OF every branch OF the
reduced to ,he lowest point consistent
efficiency. While jgdcioas appropriations shoad be
for The charities which usually depend in upon
the assistance OF the State, and which
ton Ia dispense With az present objects OF expeuii
tue ho*ever proper ana deserving, should be delayed TIL
canals completed taxation for the payment
rest 10 be necessary, sinking
brought a healthy CONDITION. anu the general fund il
made 10 present working baa9ce instead Of continued
deficiency But especial care should BE- taken
expense and mako no appropriations without pror,ing
the money To them The propriety Of such system
be manifest 10 all New York possesses resources
aud revenues independently OF TAXATION which arc ae
quate to the payment of the interest and principal Of all
her existing debts not 70 she support of her
and only requires Just ana faithful administration OF
FKneHr on RsrRoAps
Prior To The year 1874 there great differences in
the position Of the railroads with the trans
portaop OF merchandise ale some Of them al
lowed carry 1t during the entire year wi;boc, hnfts.
ton others permitted to do only when the canals
closed nnd payment Of tolls while one, least
was absolutely forbidden carry freight all In 1874.
however, approach 10 q uniform System was
made ty giving TO all roads that did cot previously pssess
It the right Transport freight during the suspension Of
roads aIons The iiae Of tho Eis and osweso
~ rrt,.x 9. -
II carried on the cauas In lsi7 all rlilro. 10
along The central line permitted 10 carry freight the
entire year and required % pay tolls In 1850 the same
provisions by the general ra-ooi ac; made apph-
cable TO all railroads running parallel 70 acd xan thirty
miles OF ANY canal In 1881 all tolls we're abolished upon
freight carried railroads. under the expectation that
the revenues from the enlarged canals would ado
aua,e The payment Of the upon the dsht
During the that tolls were imposed upon the rail
the received from them by the stsa-
y Increased from THOUSAND four hundred anc fsy
eight dollars and forty four cent? In lSis - hun
orcd and sixty three thonssnt tao hundred ard thirty
seven dollars and twenty cents in ISL Ga the
line Of the Central Railroad in 1857 he tolls at mil
ras, would have been four hundred and twelve thou
cents and in 1883 four hundred and forty thousand four
hundred and ninety Ave dollars AMI twenty eight
On he through relghs carried over the Ne~York and
Erie Railroad in 1857 the tolls az the rae would
have been abou, three hundred and atty thousand dollars
DECREASE
Since 1901 the tolls received from the canals have
dly decreased from three millions seven hundred aud
three thousand nine hundred niuaty dollars aai
thirty one oeoe the amount in 1851, million eight
hundred and twelve thousand two hundred lli eighty
dollars and eighty cents, the amount 1859, though the
tonnage has remained about the same. having been
three milton I've hundred ana egnty-twa thousand
hundred and thirty three tons 1851 and three
million SIX hundred and sixty lve thousand one
hundred and nineiyvo in 1859 The loss IN tolls has
been caused by the diversion from the the rail-
roads Of large portion OF those classes OF freight which
formerly pait high tolls and which tc heavy reductions
in canal tolls failed retain while the tonnage OF the
canals has been mania ned BY tbc in those
OF heavy freight which the railroads cannot probably
transport Examination show that the tcnnsge Of the
railroads Is largely in all classes OF freight ex
cept the products OF the forest aud vegetable food and
tina, in the latter the railroads gaming ra-
pdly
REooxNEyrs TAX RAILROAD roSysGE
II. therefore, the Constantly Increasing amount II
freight carried the raopis has occasorei CORE
sponcng dinnuton OF canal until the lnte-
rest the canal debt formerly paid from hcs, revenues
has 10 be drawn by direct taxation from the
pcor', :. tere not an imperative neoesviJy for
protective i,F'siai,on connot doub; either I've
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