New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-02-19
LOCAL MISCELL ANY.
CANAL IMPROVEMENTS PARALi .1ED'
THE PASSAGE OF THE FUNDING AMENDMENT o.


A special meeting Of the Produce Exchange
was held at p yesterday for the purpose Of taking
formal action against the proposed amendment to the
State Constitution for funding the canal debt pend
ing before the Legislature. b. W. Floyd Second Vice
President presided lie briefly stated the object OF the
meeting after which Mr. MOulton said that tho ques
ton 10 DO considered was great one. The amendment
before the Legislature contained provision likely to
DO subversve OF the commercial interests OF the state
Having given the subject much consideration he asked
the meeting TO act on the following resolutions:
WLereas BY Che last clause OF the Bill for Funding
the Canal and General Fund Debts charged the
Canals" now before the Legislature OF TINS state.
the commercial interests Of tho City aud State
OF New-YOrk are placed In jeopardy and
Whereas The adoption OF this clause would involve
the surrender OF tho rights guaranteed to the com
mcrcla interests OF the State and CITY OF SewfOrk.
under e present constitution unless restored through
tie tedious aud uncertain remedy OF further amend
whereas The large and rapidly increasing amount OF
tonnage carried over the NewYork Central and Erie
Rail ways. the principal proportion OF which necessary
States emphal ically the necessity OF reducing
tho cost Of canal transportation by proper enlarge
ment OF tho locks OF The canals and that the real ques
ton now AZ the capacity of the canals to
carry freight but It's cost OF transportation In inc
vessels whose capacity Is limited ana Determined oy
the present capacity OF the locks; therefore,
RESOLVED That the New York Produce Exchange re.
specfuy earnestly protest against the passage OF
the proposed amendment the Constitution relative "
funding the canal and general fund debts now charged
Resotped That the foregoing resolution be forwarded
tn Ina Of IN rnff
Assembly At Albany with request that the same be
Mr.. Mouon said that the question was this: How
shall the State Of New-York the demands OF
neree, Tho po,nt at issue, that the lowest rates at
a.. - -. e. ~
York are wheat o. So per ton and corn 90 81 When
the improvements now in progress completed gram
can be carried from Chicago TO Montreal for s. 80 ton.
We haye he said. "a right to have the people taxed
for the benefit OF commerce the new amendment says
that they shall not BIO taxed How did this pro-
vision Ret into the bill: don't charge any one with
having corrupy inserted 1t, but II the President
W 'o -''" ' IMAM " "a '0 '-'0' VI ~ N' "
ROAD 1oing rrlght business between thc est anu tLe
n1opted Mr. MAINTAIN nresented tho foIIowine statis
49,, VIZ ~
'tVS' I'M, r.
g,neiI o,o PIN
Tn. ,,..,r, .,. =, ,...-,i. g., r,, o.. ie' -'''' ID
N,w.Yorf VI. the i.es A. = the Fds Canal ScIud'
inz carr , orobs, and sIats tolls Tor the la, seven
yesr, are - p,'4 -. ',' 'le Dr. q %
Ala Buffalo shipping charges Of pa cents
per bushe 10 equal to 70 senIs per on....... 10 10
800 o. - -
eo' rom CnI.as. - per ton VOOIos % - o.
yss,, sy.p,rsl ahn3t 10 41 ,or % ~ - 20 ~ ~
' - ~ - '''''''''''' -
Leaving Rus,lo charges and fright "a Nev.Yo,k ner
ton n COO b,.'..... .'..,...........s 80 IS 50
The present toll on wheat and coru from Buffalo to Al
Tn. ,,.,,g. ,,,s f,,r n,r,r, % ye~yo,k including
Buffalo charges AMI not tols 81 IS - u
M bs ! ,1ipi H. o. 10 ssnt, ne, ,5 rom Bssoto
10 20
r.,I sIT8 "a ~
lBusaio charges should be ncIr'sd. as there
charge d. shy corresponding Poh' between Che'so "
Iae loves, probable 'yeage axe freigh from Chicago
ohuneo u n 10 "S' ''i'' 'oo' VIII wv 81 IN q, N
" pa " ''' -
NIL. . H.. ..,.t..- III III -. IN ...,.o.