New-York tribune., 1869-04-17

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ESuaTis Ms.5PoT'N F.ts1' FhGI5ST' We, Wp3 Psiie1i,
Genet.
Polger-l.
| The following is the bill:
we People nc STATE Of Ne0Tor represented in Senate
| hnd Assembly. do enact as Joll0,es
SECTION Section three Of the act entitled An net in
relation to the Erie, NewYor, Central. Hudson River,
ana Harlem Railway Companies" passed April a. 1868. is
hereby amended to read asfolows No stockhoder.
director or officer either the NewIoTk Central Rail
road Company, the Hudson River Railroad Company,
Ger OF the Eric Railway Company and no sockhoder,
director or officer Of the latter Company shall be d;
rector officer OF either OF the three first named
companies The Board Directors in each Of the SAID
companies shall classify members Of such Board,
their number shall go out Of Office at each annual cleo
on and at the next election Of directors in each OF the
said companies directors shall be voted for only in place
of those whose term shall then expire under the class
cation aforesaid,
The Sherihis bill was before the Judiciary Commit
tee of the Senate this morning Mr.. Bliss, jr made
argument against the bill, especially the second
section. 1t is likely that the bill will be reported
favorably from the Committee. Senators Murphy,
Morris and Williams will vote for favorable report
and Senators Folger and Hale against it. Senator
Folger will make q minority report, and fight the
bill all he can.
The following report of q Committee Of the Canal
The Committee to whom ii was referred to revise tho
tolsheet &C. respectfully report That in attempting
make any Important ltuuNtlVls iuttS o tull
upon the canals. they encountered difficulties resulting
from charges upon the canal revenues and which in
10 make any changes Gt this time which will essentially
diminish the net revenue from this source NLe 1t IS
conceded that the Cauas were made primarily Tor con-
erce and for revenues II is also conceded that tho
cost OF their CONSTRUCTION ana maintenance must ana
until the dtbt created Tor their construction is as
Charged tie tolls should be so regulated as 10
Weld a revenue sufficient for the payment OF
that debt as i natures, so lar as IL can DC
done without detiment 10 commerce. In other
words SuN-Ct OF revenue enters largely INTO tlc
question Of tolls, so long MS the Obligations or the stare
growing ont OF tho construction Of the canals remain nm
Satisfied Tho constitutional charges upon the canal
revenues are sacred ana cannot be Ignored or repuu
ated and foT time they VIII more than absorb te en-
upon these revenues for the current year Iano oy W."
not be lCss FOR several years 10 comel are; ....,
For tie support q The Government; '.'''''''''''' -
For tie Casal debt 1kag ud.....'.'''''''''' 4So"0
N,sipg IN to@o0
10 be paid from the surplus revenues or the cas anu
There shall be any serious deficiency fOm year 10 year. u
t no snnDled bv taxation orby deficiency loans, which
only extend the diy OF payment and postpone Tue ue
Wien the state will be fully master Of the situation. and
be hle 10 regulate the tolls with reference only 10 the
interests OF commerce An VINO desie n;
OF the canal debt The surplus revenues ior the st G
were $500 ~ 70 meet t8e demands for the current
year The Auditor estimates ihe surplus m . ,ic
~ ~ tSov viii greatly II at all, exceed thai sum.
Ii follows that 40 reduction OF the rates ""'Vu
tolls ought 10 be made, uuieas IL cAn 10 SNoTin 9ri
tbat other and greater interests MlA NC S"O,
EprvCi III. bE q lclutl4'u VI Ait
& als would be 20 Increased that the gross Teegip.
yould not ue diminished they should be reduced tat
il s desirable and the true policy OF he sla'c 10
lie rate of toll upon It's canals as ralaly as pIaci'l
tberc can be no doubt. and whenever lhs cost on N4
nan be paid the tolls aud shonld be re,
Snccd to tbe uinimum; that BE-, TO the point HSu WI
Weld ouly tho revenues necessary iol t.elI
IN csTaI revenues once di,chargcd.fi fiho hcccHhiy
burdens FOR state purposes up,n e1li.'tvJJ J IceS
,,IoTe flsn nominal. Bat while TIC STATE -
a debtor and her canals are mcrlgase,' 9hhS 93hhSs
d,,,,oI: tRf ion: dsa plaIsa Submit T to he necessary CON
dtions Of her position lltherio the 'oi5 r,'5 nv
ton that the trade and commerce Gi We c''a,s & n
been fostored and oncouraSed ana me st'tv 'tv ' yia
trafc and commerce Of the state has increased very
rapidly within few yeaT1 ane ilyal Gnae,s ana neus
trade but the canals ayo kept pace with the dcn34us
upon them and are s'ii MIA laa'.it .. a1I 1 bo to r
t5s3 GeetcasIng business II Is neither possible nor
aestic ffat tic canals should cngross Hl tho carry
ing business within the STATE anu tucec-r
fi1lv rrcvcpt All c0mootrg rates and means
complsh the original pqrposa Of their iouudcrs ahofd
throgh and between different points within
tic state. ~ doing s tley not only cuich is Satc
and make Ii tributary tho wealth OF our own STATE
TIE Western States, while they are sulgcc 10 mono O tAc
burdens Of our canals, receive dement's from them
scarcely less direct valuable than those which lnurc 10
our own State But the growth and Development o. Inc
west as well as the iucIoasng trade Of ms STATE
tlcs for trans poriatl0n, and ono route or means
Tie Tre Canal, with or without tolls, cannot con.
troll the entire carrying trade of The West or OF the sa'o
along Ste line. New routes Will DC opened now facilities
Jsvised ana new necessities arise which will produce
changes the carriage Of goods. and by some oi these
trade may be lost 10 TIE canals ara oy O,l,Is m.y DO
gained The world aud IT, commerce s not yet stereo-
typed and viii not Do FOR long time 70 come ana Iea
other than thois grow ing out OF lAe 'it' , u
the canals will give direction to commerce NOt uhiIe'
quenty the question Of tine a. wen as Iaets ayl Ic
ccipt aud delivery decides t!e matter Iof eAahls'
-four once large item in canal tunuGge, 10 now neon
sderable and probably more -four would DO carried
upon the canals II 10 tolls were cnai geo. ~ho ai' nm an
s6ne other articles would DO carried Dy clhal lc tos
were doubled But IN view Of the rapidly developing
resonrce OF the country and the opening OF new routes
aud developing OF new iacihIies Ig 'ne MN V hc
canals a yearly becoming more earnest, hnd as u is
claimed pcrOus 10 the business Oi the chhaIs IT'S
sbio day that the State can be the master OF l own own
property. and able az owner .eey 40 IeBate w os a.
the interest Of its creditors IL WOuld DO lhPOHlc' Dy
any change N the rates Of toll TO postpone te pay @
can discharged, having proper reference 70 al to u
teress Involved. Aside from the statistics II - gnie ey
ideut that the present rates OF tolls have not been %
OnerOus as 70 divert trade from the canals from Two con
sideratons one IS. that those intIptea ~ anI Ia@ @
and 70 relieve them from the pressure upon
OF the constitution with view 10 an ehlalgo'
moyal OF the wall benches and slope walls ana douD,
ling the locks, IN order TO increase inc capay nnn
the other is that the commercial men, through ~ho5e
hands much OF the property carried upon tho canals
passe nave not found It IN order to prevent
loss 10 their business reduce these charge when arc
claimed and not denied 20 be exorbtant, ana AT leat
double OF the necessary % secure hDefal re-
muneratiye compensation. Commerce IS not crippled nor
trade diverted BY state dues so long rs u can ana d0'
pay exoTbitant profits TO those engaged IN IT, Inc bats
Tics IA harmony with the inercnces 70 be drawn from
the considerations named, to wit: thht the puhlh o.
the canals Is inpcrrd by the present rates 0f toll
The tolls and tunnage OF tie Canals from 1904 nave DeeH
| as fOlIOWs: ru.
lc..1sls 5gls ELL. 5s; 5s1s s:5tsss,
/ 1905. ...,...5775ZlD l43GCJJI - 49,
The table annexed prepared in the Office OF the Audtor
|