New-York tribune., 1870-10-22
THE STATE CANALS.

| IMPORTANT MEETING AT THE PRODUCE FIX
| CIIANGE-THE CANAL-DEBT FUNDING BILL
| INLAND COMMERCE OF NEW-YORK CITY
QUESTION OF CHEAP TRANSIT.
A largely ATTENDED meeting Of merchants and
Others interested in The subject OF the inland
OF NewYOrk, and the proper management Of the State
canals, held yesterday az the Produce Exchange.
Letters from Judge Edwards Pierrcpoint and Vim. L.
Dodge esq read, expressive of their entire sym
pahy with the objects Of the meeting The President Of
the Produce Exchange Col Reed, occupied the chair.
and stated the objects of the meeting To he TO take action
toward perpetuating our commercial prosperity by
ratifyng the action Of the State Legislature OF last
Winter with reference to the management OF our State
canals"
The following resolutions were read and adopted:
Bheea There will he submitted the people tine coming election
Nov 10 s state The question whether the Ssa. and General Fund
D shah he extended to permit reduction Of The tolls
@ ia,' S vote IN ' o o e. %e 10 ee a State SSe b '
Provide for the men Of General Fund Debts"
R'od That s ad act was o The leg legislature recommended to
@ @ people Tc sI 81 1ss % I 1s W Wi ad . ny % o,
unanaogs cannot be REGARDED IA party but
worthy peoples upon gand
ho9 4a3i By iss ag9p g Of 'as a. at she coming .eci the
through M reduction Of tolls and the consequent ehspenn trahpor
Red That adoption Of tb, act extends payment ofh.
esns and general u det to 10 ys instead Of leaving them he
paid N t e as they stand II does not any
any he The reduction fthe io.
out resort to direct sIo ON E oS SsnS the m ae S So Ss sod Ta
large amount Of additional taxation fall the OF the
ofred That csns toll, (which the idoton Of
his act vl secure Tue ouy by which ihs
trade Of the great west chepen bdsiua our es and employ
the ud ese objects dmspi our most
earnest efforts accomplish.
REMARKS or THE HON. wN. NJ EvARTs
The Hon william NJ Eyarts said that ne desired o saw
and do all in hs power in behalf Of the great public in
te-t pending and 10 be acted upon by the people
AT the approaching elections No better evidence OF the
er-al interest in the subject could be adduced than
any political organization 10 attend TO such matter: il
uehOONed all 10 give personal attention and adv0catf II
nu triumph was secured. II was question that every
Intelligent man could comprehend. The COns itutinu ~
1916 Nddled upon the Canals an immense funded debt
"hch ihe people now desire to dsc hargc. They were
aKed 70 say by their votes whether they Will nay
I'M, uep release the Canals rom cOnstTaint and Mace
i mem under their control That wac the object of
& .e inldlng bill. On questions Of political economy N
~ adip tam 10 the people that they be enabled
H. %gust Their taxes according 10 o fair standard
n ~ AneW nothing foolish in political economy
tn1ish h processes instead OF refults nothing more
product Of the 70 tsh apple blossoms instead Of the
lion ~ y y .ae canal was tar upon tie vital cjrca
from The % nat The principle should be 10 secnre
jmum Tnenss n9 @ .he minimum OF revenue with min.
canals and did not New Yd"I sna & we owned the
Ming Ac then r. w., ~ ana " We did not own the shin
from our canals The canals shoS 70 ger All we could
the general development VI wealth and pp.u ,o"aGd
long az rulers were permitted 10 tar the peiy 30
very sinews OF the prosperity Of Ihe LIZ, 70 Tax the
should he above the patry consideration q,
good balance sheet with respect 10 eand
the expense and runOus lose Of cnni,aI uaIc st |
He regarded II In the light Of national trade
York, fortunate IN seaport and fortuns' 'hht
border the great lakes should lay tho hurd ~ sei
sstor states WHICH pass through Thu state. II we tk