New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-02-11
FROM ALBANK.
NEW CANALS AND RAILROADS..
Correspondence of The n Y. Tribune H

Correspondence Of The n z. Tribune.
ALBAEY, Feb. 8, 1850.
Your remaIks upon the bill to extend the ChenSbEo
Canal induce me to give you further information ss 10
Kindred Prceets and to ask your attention TO them.
with view to rs broad circulation ofinfonnstor
lhL TRIBUNE affords. The Senate are pafsing bill
70 ava The construction Of the SusquehanDa Railroad,
oy aSipg the people of the State. They slsO pass
l1g another BILL to extend the Chenango Canal to the
State line, to connect with the North Branch Canal IN
Pennsylvania. Tbs canal or rather extension, viii
cost nearly one million Of dollars The proposition
tbs year to add the State tax 90 % % rase enough
10 beqn w;lh this year. and next year to 90 on With
II. No more hopslesly unProduefive works could b
pro;ected or entertained As to the former the Stov
of the Albany and Northern Railroad Is an example,
Az to the latter the history Of the Chenango Canal
teTs the whole. The idea that revenue is TO be do
rived from the transportation of coal Is dcluson.
TIE Railroad from BiDehamtoo to Syracuse supplies
the arest snd growing demand FOR fuel at Syracuse
snd Ii Saworks actually supplying coal for the lat
ter at lower pycs than anthracite coal can be furnsSed,
or Is old anywhere exc il the State, Yet that road
can but r nav interest," on the first bonds, the whole
capital and second bonds having been srnk' The
Cbepapqo Capa az il is, ought to take ilthe coal
from Blnpharton to U5ca thai can be demszded there
The Chensnso Extension Canal now reaches the same
point that il is designed tb exrend the ChenaDgo Canal
to- and the former now is Used 70 bring coal On to the
canal at Syracuse and all west OF there, The meager
quantity Of coal that viii ever come from the North
Branch Canal in Pennsylvania through the CheAango
Canal viii pay nothing Even en- works toat have toe
largest transportation Of COAL the .Testmena, disnnt
fIOm the ownership Of the coal pays little or nothing
Now, here are two propositions in the Senate, ta'
are to raise by tax on the peopeO TINS State, at least
two millions Of dollars and the money, vfenfarn'sbed
and thus expended so far as profits con led rs lost
Both these works viii entail heavy lOes to maintain
them. Certainly, the canal always has been an annual
tax; and the railroad VIII follow the Albany and North
them Surely, there has been disaster enough "a the
expenditure Of private capital ano'in the waete OF
money raised on the State credit for Inprouetive rat
roads Ksen these measures are adcpted, why should
not there be another tax Of two millions OF dol
lars, to sid the Sacketts Harbor and Saratoga ka-
road That application Is only waiting Tor tee
pionee r measures, and viii follow with quite equal
rrerits Perhaps the latter nay zen the integrity Of
S. Lawrence County and induce tn EN- to join IN this
strange policy Of increasing taxaOr Last year. the
Governor yeuped to approve prof settle give SVVVO
to the railroad that Is asking milison' Inc veto
upon that messuTe was the Govern ore strong point,
and the election sustained him. II 10 w2l night then,
what has wroughts change The re Is no change
The whole course Is fraught With da yer. Fhe next
election is safe 10 eoald desire unleS we
peril it by tina mistaken course. In de bt asthe ST
and taxed as people are no party Is strong enoaga
q add 10 those burdens
Allueion. has been maSs TO 81. L. iwrsace, Ihas
copnty has alyays stood 10 with many others against
taxation sDd eAtrsyagant expenditure n mas seen
the great. departure of the National Administration
from tie original pEncPes Of the Den noclaiic party
and it joins with the 70 put down lat hcninisea-
ton. But will the people bear this erease OF tax
alton Ii is not possible that they will and We
are certainly in blindeOurse to go on thus Instead
OF increasing taxation, we ought TO tur every tho6
10 increase business through State md 20 stop the
increase Of debt. We are near the comRletion Of
the Erie Canal and much Is hoped 10 that, let rs
Try and accomplish that measure, and 1t down hrm
resolution not TO increase the State debt, and to
econouiss the State finances in every az possible In
thst way hsll be sustained by eops and after
we have disposed Of this corrupt natio na adminisrs-
ton we sAn then be sustained in rest ,rng State
TO sound condition. We peril ever thing now by
increasing taxes so unwisely.