New-York tribune., 1867-09-05


due them and all their resources. Our State deDt was
$4,000 0G0 mai an aggregate of sIlOoc6oo Add to
this onefth OF the national debt which wae our lopOi
almost beyond comprehension. He knew tho, tls ueDt
was freely incurred in efforts to paI MIMI IGMg
much heroism in meeting this ntpt "a, a :
they did in putting down the rebellion Ine Ia ~
did not be relieved from taxation, but they u s
that theft public servants should exercise me mus -
economy II in this view that he should oplCSst& plS & ,s
scheme for the imposition OF additional debts ana a
ton Nothing could the credit Of the STATE pL 10
maintain the plghted faith Of the state Fail TO 90 as 5
and your public credit and private fortunes Wouiu ~
down together 1t bad time 20 incur this addtona
debt when there was so much distru-t III canal ls
ment This disust amounted 10 almost entire lach vi
confidence. new plan had been proposed, pui p ms
wait and see # the remedy shall prove efectuai. I'M I'M
rupt0n did not change, except from bad To worse nc ne
would wait and see whether we were TO iencEe
for tbc eTnenSitnre OF sl5OoOoOO or s26OO6OO0
more AS the West becomes popuOus in towns al0
cities the transportation of products would decrease
They would become consumers of their own products
and if this were not the extent claimed there II was
certain that the railroads OF the country were ehc
inc upon the business OF the canals, and there was
a division of traffic. We could only rely for
canal business upon the cheap products oI Tue
forest and the mines Tie canals might be
for years and perhaps for centuries . source
Of state pride but public works were not the chci eor
Our glory that the capital of the cltzeh had Du
railroad These We're the works that demonstrated
power and genius Of free people when left untram-
neled He hoped to see the plan of the Finance Com
mtee adopted, and under IL the State made free from
debt. and the prosperity of its interests advanced
Nj l.. BROOKS Dem, Richmond could not shut MS
eyes TO the fact that there were other States just en-
terprsng NewYOrk and Just anxious TO secure SUI
prcmaCy If We would maintain our commanding POSI-
lion we must struggle for H. The West was growing
with such rapdty that II difficult to keep pace with
the new States that were beng added To me
ern trade. The Grand Trunk Railroad had been
constructed by Canadian capital aud the capital OF
petition 10 which he had referred He did not agree
with the theory that the Lre canal mad accomplished It's
maintaining the credit of the State. Credit the life
Poag the long war the credit Of New York was
that Of even the General Government Other states were
looking TO the example OF Ncw-l0rk in matters
of great public Improvement. We could not
stand still. He differed with Mr. opdyke'
with all due Difference to that genlcmaus extensive eX
perence merchant, IN the opinion that there was no
danger Of a diversion OF trade from New-lork There
only line OF steamers sailing from that port M
der the American flag. This, 10 him. was great morti-
fcatiOn Ncw-YOrk was not the only city that
grows; Philadelphia had more dwelng-houses
than New-YOrk. and it becomes the Representatives
OF the metropolis 10 look well 10 its interests.
New orkers demonstrated against the construction
OF the Erie Canal the ground that II would
prove injury 10 It's business All know the result now
lie thought 1t was a mistake TO suppose that no
further Improvement in that direction necessary.
He Thought NtwlOTk City never had properly apprccl
ated the internal commerce Of the country The people
there looked upon the foreign commerce developed III
the harbOr where sometimes 200 vessels departed within
hours the chief OF prosperity but
fully equal IN Importance % New YORK 10 the foreign
commerce The people OF the East do great many
things but they cannot do what Is most important OF all
viz: Raise their daily bread We must nave avenues 10
bring the wheat and -four and corn from the grain
States lie realized the necessity OF
economy IN The management OF our alails,
especially when II known that the expenses oi cur
stae Government had grown from S7500oJ In 1876 10
g. 10000 in 1866. The Finance Committee asked Tor
economy and he did not believe they asked for the s
pension OF any works OF improvement that would
benefit the people He wanted 90 see dcbts
paid. and paid IN the inflated currency in which
they contracted and when all the debts were
wiped hc would have the surplus currency
expended for the benefit o. the canals, II TIE - locks
west OF the MOneZuma level should be dOubcd Ike tt
rest on the canal ana the bench walls removed and the
canals kept I'm good repair That would De AT that would
be necessary to accomplish for ~ years 10 come
Before concluding his remarks, Mr. Brooks gave way
for motion 10 report progress, ana the Convention al
iourned 10 . O'Clock tomorrow morning.
q 1hc following il the list Of absences from tins morn
ing's IL shove all unusually ..s"ud record oi
attcudu.,"the actual number oi delegates being 100
ana I2 erIOucOusly stated to-day III an editorial OF