, 1870-05-25
MONETARY AND COMMERCIAL,
MONETARY.

TUESDAY EVENING, M3y II
prppe1Ie1s OF from 500 to COO tons bur,lep
running direct from Chicago to New York city
without breaking bulk would certainly mako a
vast change in the transportation business be-
tween the Northwest and the Atlantic States,
from the facilities afforded by the Erie Cannl.
which now admits the passage OF boats Of the
capacity Of only o10 tons Such Il desirable
not an impossible, nor even an improbable.
event The fi1ft step toward it is the Caugh-
nauaga Ship Cansl, which was chartered at
the LAST session Of the Cansdian Pat1ia-
meut- The object Of this enterprise is
to construct sh1p canal Of largo dimensions
opposite the mouth Of the Ottawa River oI,
the st. Lawrence, and the outlet Of Lake
Cilamplain at st. Johns. It viii at once en-
able p1opellers Of $50 tons, and eventually
steamships Of 500 tons, to ran, without brcak-
ing bulk; IN seren daEs from chisago to the
the present head Of navigation On the Hudson
River, rpute for the passage Of vessels Of
the same capacity is susceptible OF improve
ment at comparatively Light expense per
tnile, tia Lake George. and the Upper Hudson
Eiver- In fact, there was 3 bil1 before the last
Congress for the Improvement Of the Hudson,
above LarsirSburg, by dams, and locks for
slack-water navigation. We do not now recall
the distance that it was then proposed to ez-
tend navigation up tho Hudson, but
Lake e George s1''s to the s' present ilou hesa
Of navigation on the Hudson is but about sixty
miles, the proposed elnck-water improvement
Of the Hudson would probably bring it within
fifteen or twenty miles of Lake George. The
waters Of Lake Champlain are already con-
plain Canal, md, though this Is too smau to
adrlt the passage Of steamers Of the capacity
8Es b faaff aa Sasafsf foufs 9 Il be foasa pta "a
Lake George that could be improved to admit
the passage Of steamers into the Hudson, At
any rate it would be . less difficult undc1fak-
lrS to continue the line Of tho sane class of
nss7sston ~ n from the herd Of Like T.; chsmpl.n
of the Canadians in making the
eiuy or seventy niles Of thp pro-
posed Carshnawnga Canal The present
water communication Of the upper fakes with
NeE York is Sauged By the Er;e. Cana1, which
everybody kno8s is, at ce1ta,n Seasons, an
tirely inadequate to accommodate the traffic
Even II the elaes Of propcllers t1st could TO
through from Chicago to Ne~ York was much
smaller than above: indicated, the fact that
they could 80 through, and carry grain without
would greatly diminish the cost Of transporta-
hOn. r.
The New York World speaks of the railroad
article adopted by the State Convention, as
follows
be found TIL the proposed ncW Constitution Of
Illinois ..sa:!s the p.rtensons Of these o11anlza-
TONS with ouch determined yisor and thorough
ness - might Nel be Initiated throughout the
whole counrtf.n
The New York Times publishes the follow
Ing summary Of the foraign trade Of the
the United States for the first seven months
the fiscal year, being from July I, 1859, to
January II, 1sIo, As compared with the CORE
spending period of the previous year:
FOREIGN TAtnH, rSHED S4TE-SErEN MONTH"; |
Imported foreign Soods In gross. e5s
Re-ezpotted, cut CT bnnd. etc-.....-.. 9,l57,scI
Total, as for .. s. markets. see7. .s1s,s;5
Goc:15 IN bond June 80, 1863 -{5a 49, $50 ]
Goou5 In bond jan 81, 1870. s. G7G tS0stJ
Foreign goods taken Tor consumption faa7, ,s5a s4O
Exported IN domestic protuce, gold |
F2lue. Go5,f12113
En1nuEe. -.--- Z 70 s4t NJ