New-York tribune., 1881-12-15
4RlyspoRr4TIoY AND TRADE QUESTIONS

MR. yANDERBILT's POSITION APPROVED BY BODY
OF MERCHANTs-THE HENNEPIN CANAL.
The Improvement of water transportation was
the principal topic discussed at the meeting OF tho
Board of Trade and Transportation yesterday.
large delegation of canal Ooatmen was
present. Colonel J. NJ. Allen, commissioned
by Northwestern commercial bodies TO Sc
cure the interest Of organizations on the Atlantic
seaboard in the Improvement of water eonmunlca-
tion he ween the Erie Canal and the Lakes, by way
of the Hennepin Canal running from HennepHi'
H. TO Rock Island. on the Mississippi RIVER ad-
dressed he organization at lehgth upon Ihe E,l' AZ
tages TO be derived by improving the canal DF
making the canal navlgable IT would COM
plete an all-water route from New-lorE
to MlHneapGhs nr nrodncnIs n, Of tbe West and the
consumers of the East he SAID, had one common
interest in the question. J. {. Barnes OF Buffalo,
doubted very much If the Improvement ot ths
Ueuuepin Canal would benefit New-lork as much
as autiClpated unless the Ere Canal was also il4-
proved and enlarged. Judge }: ii. Murphy, ot
davenport Iowa, also made an address on the same
subiecf pointing OUT the necessity Of New-Iork
taxing some action to prevent The foreign tTade
from being diverted by way of New-Orleans. keHo-
utlons W. re adOp ed that the merchants Ol
regard rbe construction of the HenneDIn Canal
as essentially national in its character and nnpof-
tance. ami necessary u the iuH ana hnInealite uS
yeopment OF the vast resources OF the country, par
tcularly those of the Northwest Nhlch VIII DC ais
tributed by way OF the Lakes the Erie Canal, the
Hudson River, through this port also urging upon
HeunepIn Canal
A, b. Miller called attention to the lack of eI-
teuslve facilities for handling freight at thiS
port and said that the purpose of Mr. Gould ana DIS
associates, in obtaining control OF the NeW-1OIk
and New-England Railroad, was to divert tho
trade of this port to Boston. The commercial
highways of the city, particularly "est-st' Deiow
Canal-st and SOuth-st. at their present wldtn,
were entirely inadequate TO accommodate the lul-
mense business traffic of the port lt was resolved
that the Dock Commissioners, or other constituted
authorities be urged TO extend the bulkheads on
the water fronts 80 as to give the legal wdh 10 the
est (25O eet) and SOuth-sts. 400 feet, ana aiso
TO extend the piers the exterior line provided iOr'
at as early a date as possible:
Upon the motion of +. Is. Thurber the following
resolutions were unanimously adopted:
esoired is the sense Of this Board that prices
or rates of trans sOrtdtIOn on the various falIOaus
should be determined absolutely as between coiA'
by the mileage distance, but ny the net
earnings the roads; aud, governed by hls stahuI'
the New Central and Hudson River Railroad Is iu-
points In West City oI New IOrk at as low I
not lover, than Its rivals terminating at fA4aoIpha
and Baltimore; and
a and Hudson River Railroad against the unjust as
crimnation 2c per hundred IN favor OF Philadelphia
Sc. per hundred IN favor OF Baltlmore-that mas 20
long uepTIyed city OF It's natural and acquired A
with the cOICia approval OF hls Dodlu
and should the hearty sympathy and co opera
ton Of ali citizens interested IN the prosperity VI cur
city.
Charles H. Watrous offered resolutions, which
were adopted, that as much pcrple<Y exists ~
the pub c mind regarding the value OF the trade
dollar and IN many places II Is not received for pax
enact such laws rs VIII remove the oDJectlonaOie
features and make trade dollars legal tender -
the same extent that other silver dollars are legal
tender