The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-03-17
Albany.
lCorresponeeccs Of the HERALD

lCouesponcsncs Of the HERALD
.ar ALBANY, Tuesday March Is, 1872.
Capital P&nishment- Finances and State Stocks-Ad
journnent- Pilot La,r-Ne,o York and Erie Rail.
road, &c. &c.
In the Assembly to-day, large number of Pc
titions we're presented and referred. They mainly
related TO the abolition Of capital punishment, New
York and Erie Railroad, Hawkers and Pedlars,
Redemption Of broken Safety Fund Bank notes,
&c. The various standing committees reported
great nnmber Of bills, of no general Importance
however. Business is now being driven ahead in
good earnest.
Mr.. GRoUr, from the Committee on Trades and
Manufactures, reported bill to amend the Ii,
law OF 1850 and 1882 the better to secure the pay
ment oil the wages AMI moneys due Tor materials
to mechanics and others, and asked, aud obtained
leave to have il ordered TO q third reading. He
remarked that the Committee had made the pro.
visions OF this bill applicable tn those places only
that had 1skod for il. viz New York, BroOklyK,
and Rochester, and suggested that members from
other sections might move to include the respec.
tive cities and villages which they represented, il
they desired 10 do so. al Hl' .lIl .N.
Mr.. HorFMAN, from the Committee of Ways and
Means, to whom was referred the resolution Of the
Senate adopted the 10Th INST, to the effect that
whereas the system OF finance snd exc essive is.
sues OF State stock, &C., II continued, would be
isastrOus to the State; that therefore, provision
should be made for the liquidation Of the present
debt, and not to increase II unless in case Of war
insurrection, or invasion. Mr.. II. remarke ed that
the great principles involved in the resolution,
were so correct, thn there could be no diversity
OF opinion IN the subject. This only way neces-
s8ry to IA 4ntain it, would be to show the disastrous
effects to the country Of u contrary course. He
thoughtN so manifest, however, that il would only
be necessary to take question on the reso u.ion.
Yet II gentlemen were still undecided, he would
move its reference to the same Committee Of he
Whole having in charge tho tax bill. Believing
gentlemen had made up their minds, he would
move 10 take question, u they had not, they could
move to lay 1t on the table
Mr. WRIGHT, from Washington, had not made
up his mind, and moved accordingly that the resp
Luton lie ON the table, which was lost. ls.
Mr.. HOFFMAN then stated that he was forced
by the state OF the coantry, and the sense Of the
House, to submit motion for conside ring the bills
reported by the Committee en- Ways aud Means.
At the earliest practicable nome Mt. The State debt
OF S1oO,0o0, falling due Tomorrow, must be pro.
tested, ~ the State would net be able to nav any.
thing more than the interest it, and there exist
ed NO provision on the statute book, by which il
might be raised Hence the necessity of immediate
act'on ON these pills. Mr. H. then offered a reso-
luton, to the effect that the Tax Bill, the resou
ton from the Senate, sc be made the special or
der OF the day for Thursday next which was agreed
to.
message was received from the Senate, in.
forming the House that they had c0ncurred in the
resolution that the Legislature will adjourn ON the
18th day OF April next, at noon
Mr. d: X. +. JoNEs submitted resolution that
the bill in relation to pilots BY the way of Sandy
Heck, be printed, which was agreed TO. is- =
The House then resolved itself into the Commit.
tee OF the Whole, to whom had been referred the
State. Prison Bill, and Mr. Loon,is's Peoples Re.
soIstion. Some discussion then occurred On the
question ~ to which OF the two subjects was first
entitled to consideration. The chair decided in
favor Of Mr.. LIS resolution.
Bar. WEIR appealed from the decision OF the
Chair, but the decision was sustained. an
Mr.. LoonI: then proceeded 10 argue in support
Of the resolution in asPeech, which. though losg,
Was very able AID conclusive. He contendrd that
had the question, whenever any addition 10 the
state debt was proposed, been Submitted directly
to the people, the financial condition Of the State
would never have been found in 30 lamsntable
situation a. At present. He thoughtit wrong that
mere sectional influence shoald have the effect Of
incerriRga debt which the whole State had TO bear
the burden Of. He commended that it was for the
want Of some ssch provision in the constitution Of
this and o'her States, that there were so many of
them now plunged into such deplorable stale of
bankruptcy, forced to make the avowal that they
we're unable even to pay the interest ON their
Sc. DC. Mr.. L. continued his remarks urtii the
hour OF TWO, which being the hour Of &C iourumeut
cut him of before he had concluded. and the Houae
adjourned to half-past three o'clock. The after.
noon seasons being set fur the considera.
tisn Of the general orders, Mr.. Loonis will
not be able to conclude his speech until some
other day.
AFTERNOON SEssror.-The House resolved il.
W0Oles n
the chair, en- the bill in relation to costs in certain
cases.
Mr.. SrRoNe spoke at some length against the bill.
meiisn was made to strike out the enactng
clause, bat after some discussion the bill was laid
upon the table, until the communities should rise
and report The same committee took up the bill
to amend the charter Of the Firemen's insurance
Company Of the city Of New York. The bill was
agreed 20. The same committee took up the bill
entitled act to amend the act in relation to sb-
sconding and concealed debtors After come de.
bate on the bill, the committee rose and reported
progress on these bills The only one gone throush
With, was the Firensn's Insurance Company bill.
The boat leaving at FIVE, am obliged to close this
letter at half past four, leaving the house still in
session. 80 : = = :. :.
In the Senate to-day, Messrs. yaASxLrr and
ScorT, each prs:ented petition from the city Of
YsT .os ,9s h; speedy completion Of the New
Mr.. Scorr presented one for the incorporation of
the New York Floating Dry Dock Company.
The one day election law passed in the Assembly,
was reported with amendments, and its passage re-
commended. The joint resolution from the AS
sembly, hxing on the 18th proximo, was then taken
up and after considerable debate was passed upapi-
mously The bill changing the manner of appoint.
lng BANK Commissioners. was received from the
Assembly, with an amendment changing the day Of
election tor the present year from the 18th March
10 the 4th of April, and was concurredin. A com.
munieation was received from the Canal Commits
ssners In reply to resolution of the Senate, ask.
ing insormatiop relative to the Chemung Canal
Loan The report 10 long, and in answer to the spe-
cine inquiry, It appears that the loan has not been
Negotiated, nor s there any probability that it will
Do usaer the present law In some remarks on the
question ~ to it, reference, Mr. DIcr,vsor en-.
pressed his confdence that capitalists would
promptly take II, At interest of seven per cent.
A number OF bills were read q third time and
passed. On the New York annual tax bill, Mr.
bill, 1t having passed the Louise a. majority BILL
II was laid on the table.
We had snug little snow squall this afternoon.
The snow came dewn in humps about the sire Of Z
piece Of chalk, right merrily for some fifteer mis.
ates, when it cleared of a. warm and beautiful A.
ever. CAVE ULcIscAR.