New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1870-03-10
FREE CANAL NAVIGATION.

- Drosopted Yesterday at the Chamber Of Com
ncrce 10 confer upon the proper canal pohcy ol TINS
State and the bills that subject now before the egs
latuce Among present were gentlemen connected
WIN the Commercial Union, Chamber OF Commerce New
York Produce Exchange Citizens Association and Ship
owners Association
Mr. Peter Cooper occupied the chair, and briefly in
formed the meeting that the subject under discussion
was free canal navigation and the advantages following
In ts train aud called upon Mr. Hatch to state more
fully the objects of the meeting
SPEECH !. T. HATCH
We are met here TO consider and to concur upon
pocy that shall adopted hereafter IN relation to the
revision the tolls of the canals and policy Tor rund
There difficulties in the way OF reduchg .t ,hem
which in the face but we propose 70 be neope Of
The State of New York and the nation iree ca'
rp pa me Ss"t CIV T Of Ne% YoSa water from the
CITY of New York the Mississippi catying our a nm
nal idea of many eminent men VINO had pteve' 400 on
in HIGH pnhc positions was here ABOUT ySaI az Srn
the Produce Exchange, and we had n t et ont of
Tor tbe purpOse devising some plan 10 geI out vi
the dnicuity 1916, meeting of the ProdnGe E i
change held and 1t was an ep8Sa was s9 encouraging
and resolutions were passed in favor OF similar pan as
vote Of So to So and had been five yeas more e
of the session il would have passed the senate .
an amendment OF the constitution under ulHereh SeC
ton FROM what will be proposed mere 10 Ienefe US @
was strictly an amendment OF the constitution III We
were driven 10 the same section OF the ConSL
tuition TODAY II would two years, and therefore De
come necessary for the friends of this free canal system
Hinder Article T. Section 10 of the Constitution, Is
provision that the Legislature shall have the power 10
borrow money the object PrOydnng for s SaH
aud law providing for tax TO pay the 6eos IN 10
fact sinking fund That law can pe i 10 bo
the people the election in November ana II the
onIts hence have heard read letters and known
the opinions of the most eminent jurists OF he stare a
To- be ccndnct of onr canals They all agree in one thing
to resort Article 7, Section y, of the Constitution
LETTERS
MIR Joseph s. DAILY Secretary Of the Commercial Ohloh'
lot fran W {. ENdrtS ana
Judge ConstOck NH ,o-o
Hon T. H.7oH-Dar write this note answer to {onrs o.
Tec.nt date ssug ny opinion the eonsttutonah oil s% en-
ssag Se I.s The app"erstS0 Of the Canal revenues
psua ukg fund Pay The debt as proposed 70 pc pl' on
10 the Improvement o. the Canas me IeaSou C AN
Constitution pledges The revenues to psy TIE ei9g I h u
lot nf Po'sI b ss Seb At eighteen ysr simply propos
& borrow money eighteen years aud with pay OF the
ss1poe hat 10 one vii doubt tba, constitutional The new
losl au'i be so1iras ,g 10 0e Te and sppoytd
b the people The same act must specify the oe o. ,ps D I
G these ntstous Consultation has reserved 70 ibe legislature and
The people toe night to borrow money o any p%IRo ,bn no
existing aud maturing debt lbe Cans Gto Dens
the loan being then secured upon ne ~hGe pd0ps
oss pledge necessarily follows a9d thew be disposed Of Toe pleas
canals they be tuIne owe. Ses sinking 4n . for the gsy f6
Of the new debt tsy can be 70 oOn ihT in
reduction Of ,he tolls he requirement. Of se So1soon
of tn. Canal Board and the Lgs'ge TINS 5sq9
aou and ou1Ot in any other manner 1ty PeegP
examined the questions considered the foregoing opinion
fully TIE views and conclusions Of J9dge GoTsi9eh
March = 1870 j jSHs G G. SSs1A'
NEW YORK. March Z, 1870.
subject which have called my attention ana Th e9e'1 ~
loan 0 She Application the improvement Of the
ssle.,, Of the State may dictate s % The reduction Of the canal
promotion Of the inland trade foreign commerce. aud general
There can be no doub, the existing DEB, Of the
see Sithe satisfied the revenues Of the Canals wl
Of tolls and Of the appGs q 5 a as Tsf s. Dc GP 70 '
population and wealth. and in the promotion good government
It IS equally clear Of the ,siag debt By
provided through loan raised conformity van ipe tseh sec
requires the sanction Of direct vote Of the people to such new oaH
ub.ieg psre completely, Win f maintenance Of the
rights ofLe pGbc creditors the slower and less csn process Of
liquidation Canal specially provided by the Consta'
The proposed financial op wholly free from
stiutous objections adequately meets ine nl o. th puone
dealing with the interests dependent upon The wise and
.sretiops wbeh SO greatly embarass them.
ne s ' sDs i Se Duplication Of Ser net revenues to
be freely dealt i9 IN The interests Of trade sa "sS AsS s p9,
policy odett and credit which sayos more Of BOOK keeping man Of
public under The motives Of TIE public good
and rlan, divide minds Of the people respect
,ts oe3eTsh2 s1 81 S f 81 b G
when ihs freedom Of co IN he premise, saj pave Dee 70
greatest confidence hoveser ta1 the general sense OF the eommu
greater Interests and population Of the
tai computation Of the s1nuT income Of the service
OF par,poon on the canals Beside the obyou. and decisive
Toe, and sbch RHepd bot expand St is Wholly
i o , ,ensS Of al v6o ioeE With deserved so5cods
% 9 ss S o t State s the a 5S s OF coo go and
the for The burdens Of
possible limitation over and
n, 'osu which great revenues and great expenditures so surely
regret that compelled give brief
] o ,' ar, the result oSs rejection 9Poa @ SSCs
pIIr interests placing them
so very respectfully. oUeient servant WN NJ bvAErs
MI Hatch said that tins proposition was proposition
10 consolidate the outstanding Canal debt and fund II,
financial policy mat Was ADOPTED IN the early days III
Grea; Britain by PHI Their national government was
recognized III governments. lie had had cor
r.spOudencc with all Their foreign ambassadors in
Holland on the subject OF the condition Of the canals in
Europe now, ana the result OF his correspondence was
rumhed some wears 10 the speed and dash OF the
railway system they now reyivng them IN Europe
ton as the profitable, using steam 10 very great
extent. The canals under fostering care III Europe
free canals they adopted their system and endeayoTed
10 carry that principle which had been suggested
system of free canals. The speaker then referred to
canal system IN France inaugurated in the reign OF
nunited and earnest action IN the matter now before
them.
Mr. +. D. Moulton of the Produce Exchange was next
invited to speak He said that they had many and
abundant facts showing that possible action
should be taken TO improve the canal navigation The
indifference the state of NewYOrk and Of the mer-
chants of the city of NewYork to canal matters
difference that had led TO diversion OF trade 10
other points and through other States IN lieu OF them
srl On IN IN check this diyerson and when they ex
anime the history Of the transportation interest OF 1869
TO the transportation interest OF 1905 they
not require any argument show that the state Of New
York cannot afford o. 10 persist in , the policy