The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-08-08

from other than their direct revenues snan wn
Us he q: e S. s:a S
ss,: 's e: f Is
The amount Of principal Of these ADVANCES an ~ ~
Although Ii. in the constitution H. shai these
advances shall be repaid with quarterly Interest q the
add simple lnsres. only and !. the Lowest rate AZ
the ss o the
he works has been deemed unjust and improper TO I'M
lie works as. trus, In the hands o. The State TO
se profit BE- Used for other than their own
han their direct revenues have swsys been deemed
legitimate charge upon their revenues 70 be returned as
visions Of article in present intended
to make fg :stemsnt between the canals and the gene
whch was ratified By the people and has since been
q the The state in shorter period than the
.ss AND s
deem but an act Of imperative Justice demanded alike by
nGss ss
That and certain provision be made fose return
for the use OF the people OF the State erefore sums
been corespondinsy larger than they and but
the riege in question the would rsver have been
The sixth section provides for disposition Of all
advances manner that win reduce taxation upon the
people TO the extent OF the sums so rsttrled
rze he creation or an o' additional is canal s
ss s'ss "a
sch debt charge upon the revenues IF the canals prior to
to- IS and Sa the pendiars Of this
| Largely s secure a% Of
increased amount of business The Committee have con-
% or 10 na the
sion that II would be unwse TO adept at this time as
The committee do deem necessary nor within the
views upon this question ar they shall content themselves
with brief and general for opposing the proposed
The presen, enlargensnt OF the canals is but jus, COM
ns a sas
water Of enty by seven with expansive and
ing boats st Of Hundred y tons Burden
ks ns Sas
.sS Ss ha
locks enlarged but enlarged locks may necessate an
vosns tes Of millions more Of debsand espendure IN
Under hese circumstances and in view OF The financial
such ptec ought not to be entertained without the exist
and they neither necessity nor sound policy
sdered with reference the canals themselves
viii .us!y even e adoption he present time
S Cd TS. h 1a.
the cnna N alleged bad repair and with only the
ss 'ssss sssss5
Of The Of E ns w State mol g. s
Se 4. a.s Of m %
the ea,sy Of the canal sufficient transport dewaei
The Of the Ss. STAT has been entirely
Be Indefinite peroa future abundant capacity in
S %e Se oa S 70 all the property which viii 6e
to asssrin t corroborsed BY VINO are engaged
mnas Of s the canals Some
70 Of but they have never experienced any
% The The Ha .a,a Of he ss. sssal Department
Transporting 1s1 81 sa. that he Erie Canal
xn RsrS Ss 70,
sv 1852 's as tide oG is
war Us w. largely r.
Mississippi and other Western and rcnt 2. 'ns
know The Fact BY ' eapsrmsnt that boat can I'VE
s and @ N
basis Of ay minutes that the canal capable Of tnor
double The quantity brought TO tide water in the e1ceptai
'R.ssas Of ,ac:. wsS claim .A. the capacity Of
a. thu.
Every member Of The Convention easily easmne for
made and .he committee do not deem
porse the dsaIs into their report II the rang expense
mach 70 the facilities Of navigation the t'mmlttee
a this course will be adopted whencveri necessity for it
The committee entirely satisfied .h. # temporary
most crowded, they are Attributable toa .an4 Of
policy usasd on sSe Of
,an The tonnage on che - canals ans !. row ms for
Of ID, state and price alone determines the roSte the
But Tia commitles believes that the increase Of
would Tend perpssnate Prs:en, prices Transportation II
II not the increase Of tolls upon
and 70 the co
Your committee arc persuaded that reduced cost OF
the exiting canal debts and reducing the tolls 70 such
sssa than sy gas up
sOa Of The price Of on the
PLACID IL condition for Succession eompeon
ths to be obtained IL any other manner Freedom from
vhah the State should permanently adopt reference
rs and from which should never have departed
Of the have amounted g7 willie
only 5si, showing iSa. sgci.n, revepaes have
recs,y,d have accomplished 4. INA, been aon: paid
ana ?g. repaid When ~:
debt and the commeree passing over 1t free from
rhe debt policy has absorbed more than onebaf Of AL
the ne, revenues The payment Of interest on loans 70
within ;hort ss,,oc; q sm. and the occasional deprec
II should 3 borne in mind in th. connection that tn.
s he canal sess ~ s. paid IN se
years. and n the revenues equal the average Of the
ben ). In 10 nine .Ssss sns
50 as 10 cheapen transportation, for
shcr reason viii be In the power Of the people through
The Legislature TO do and thus prolong the time the
OF the advances into the treasury On the other
hand the tolls continued the advances viii DO rapidly
discharged and the revenue freed from ali CHARGE nsum
through the State TO the seaboard.
IL the necessity for this pressing than
your committee believe be- and Il the policy and uiNy
of we're more apparent your committee could not
before mentioned without the elesrsst evidence
every Indication OF public sentiment invites and demands
ton viii contain ample provision: for the accomplishment
Of the proposed object II II should hereafter become
sarv or for anv reason desirable
The proposed article enables the people a. time 70
incur debt for purpose and the constitution itself
easily be amended "a was In 1854 But the committee be-
sve that the people ought 70 insist and that they w insist
shaon The financial condition Of the state and the
cessiye TAXATION being imposed the people furnish
TO the minds Of the committee conclusive reasons there
ness.
Ihs condition and the Of upon the people Of
ne state will be briefly stated The outstanding debts o.
the state amount TO $4B6s3 the debts OF the cities vii
,,ee. csannss and town, $500 GOO making total Of
the national debt belonging TO this state TO pay T.
not less than &3G00o0oo making = total OF
sos al g., saying no,hns OF the unasccriained ma
uonal indebted ness which high authority has placed
At the amount The highest assessed valuation Of all
h r. 49, t.s. A. 4 A. la.L iii