New-York tribune., 1867-01-03

how "a tbe means 10 cover this cost be obtanedf VIII
the ptolIU oide Ui the necessary fundl And if they
ynld "a wise or cxpedcnt to make the effort and I'M
ot ISv IN, fo,yI and municipal debt very nearly or quite
500 OG0OCO and when the Whole agerSstc 600 ooo
nom The sources mentioned is not iar DeoW SooOOoo'
If Tho General Government should aid MS ofeciy as sus
gesed I'm some quarters, or indirectly, py % ~ %
fhing OF the tax anon industry or cana 10 ms
tent of our war debt the question would be moulied in
I'm lis financial aspect. But discuss me sugeCo @
of mis- considerations Shall new debt f0r cahil i il
coscs bo corrctcd and its reimbursement charged uph
the funds raised by direct taxation, wheh we we aN t
to believe that the debt could be pdld Iroi o'u'
The surplus canal receipts from 1860 to 1906 nesy@ Us h
anonuted 10 500 36sGs &C. which have been appleo 10
payment Of the principal and interest or me ean % 3
debt After applying the balance in the sinking Io' ,s
stock debt chargeable upon the canals womb Low W es
than Sl5OO0O00 BY the Application OF aceiulhg &
tie remainder Of that debt in 1862 would be within So
O00O0O. Suppose the balance ot the olu no * te,o
with the debt for the enlargement should DC ~ lo
s2OOOOO00 and the yearly interest thereon si1oVoi &
will be seen that an annual addltoi m ii,di i
the revenue of Sf20OOO0 would discharge te PilheWl NJ
Justify this calculation for the tuilIe a. M o snv
act upon this basis gross revenue OF s3OoWV .uiy
and net revenue Of S24OO0O0 will exunguis an the la
blities Of the present ana new uepI With M Ie e- FI
mentioned The gross canal tolls from 1900 20 loo1, uIu
siye s233lsl3s II the eontempMated M Ge oII
will invite increase OF traffic upon me eaa @ o
may recodc, and still leave our revenue ana consequent
ability to pay, from that source, unlmpalred A.,
have discussed this subject as will be seem upon INC INC
theory that the plan OF enlargement GMpfaeGu ~ % tc
Engineers Report OF 1868 and 1864, when included ihc
Oswego and Erie Canals, would he accepted; preiarng
rather to present the question as nvoNhg the IaScs
Iy. / informed however, by the present aDlc oto .,
Engineer and feel satisfied from this and other sources OF
information, that suitable enlargement WIN hligitt
locks Of capacity for boats OF b9o tus Dutden, pam n.
substantial work. can be effected at cost NOT eNcec"s
There is however, no authority under the Constitution
contract further debt for an object OF thls ch'II
IL is presumed that the Legislature VIII provide ior ue
meeting Of convention carly IN me IssT yTr ] ~ IN to
wise the Constitution and this body VIII nave power 10
modify the present financial article so as 10 permit gu
10 lie created TO covcr the of this improvement II IL
shall be deemed meritOrl0us and deserving pubic PS
age and support. Ii IS unquestouaby he p1iey % Tue
State foster and expand, 10 meet every aeed t system
improvements, which has contributed 80 largely 70 our
prosperity We not called upon torcfer TO the prn
cplcs Of mere comty TO determine how much We sgnid
do To meet the demands of trade, which our geogaca
position imposes. No portion Of our country can ask OF
reasonable facilities which It is not even more our ~
tcrcSt grant In this spirit and with these views OF
duty well policy, the representatives Of the people
ia the Legislature, and ia the Convention VIII Doubtless
meet discuss and act upon this important question
The griHdcst system Of internal water conInunicaton
IN the world connecting the great cham OF lakes WIN
watcrcoTse than Is to Dc found In any country ON thc
globe. viii not snfir from our ndiciencc nor tc pff
~ fall short uf the great objects or tber iouda
tion. We shall reach forward with the liberal ana wise
policy which the ~ past power aud progress
insplre II il not Improbable that the time win come
when, through rapid and unbruken water copnnublCa
lion bv hc northern lakes and the HUDSON equal 10 the
demands of n vast and growing trade, cOmmrrcil
union VIII Dc perfected beeween the Metropolis ana the
In mi. connection invite your attention the Hudson
River Improvement 100 Nbang. There Is every reason
to geGye We s2t he @G m " 'aSS nave re &
annual statement indicates tho necessity Ior iuthcr al
pI0priation. ,,
and clear statement Of the busEcfs and needs VI the
Champtu, Chcnungo, Cayuga, seneca, Back RIVER Cen
Canals and the Oucida River Improvement.
These public works open mp to portions of The state,
which abound IN the staples of wealth. than just
public accommodation; and their complete condfo to
perform the highest amount Of business contemplated,
viii stimulate the development Of the vast nnliB ANA
lumber resources and the aHicuural and manWdItuf-
iug iutcrrsts Of the sections which they reach.
fIf4Wg ID
ion have thus presented such general views ana recon
n'ud1tlohS TO ne appropriate TO our present
cnDvtiou, aud conducive To the general welfare. |
Mutually so1kiug tie public good, let us accept every
responsibility which our respective position. hp"re.
NETnEN " IENINN.