The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-03-05
Albany.
Correspondence Of the Herald.l

ALBANY, 4uuIsuays Matcu ., 1867
In the Assembly, to-day, Mr.. McMURRAY pre-
sened petition from the representatives. Of N. My
ers, praying for release by the State Of all lands
belonging to him, escheated to the State.
Mr.. DAvrzAo presented remonsrance agains'
passing any law requiring hawkefs and Pedlars to
take out license in each time There is deep
game being played in relation to this matter. 1t is
well known that pedlars have for sale great deal
of good as well as bad jewelry, which they offer
much cheaper than could be obtained of the regu-
lar de alers This course is highly Unsatisfactory TO
them and certain jewellers in this city and else
where, have got up petitions in almost every town
IN the state, praying for law which would, fenact
ed cut off entirely this honest and industrious class
of citizens from their means of livelihood The
game, however, is well understood here.
Mr.. townsend presented petition from the city
of New York, praying that the Independent, Treasu
ry system might be adopted as tie financial policy
| OF the State
Mr.. srErsoN presented petition from Clinton
county, demonstrating against the inf ction of d.
rect tax, as proposed by Mr.. Comptroller FLAoc,
unless, at the same time, provision is made for the
construction of the Ogdensburgh and Lake Cham
plain railroad.
Mr.. d. r. f. JOKES called for the reconsideration
Of the vote of yesterday, by which the petitioners
from the Helderbergh were taken from standing
and referred to select committee Mr.. Palmer,
the chairman OF the select committee, is from the
heart of the Helderbergh, and Mr.. JoSxs said that
he made his motion account Of the committee
being interested in the matter. After some debate,
the vote was reconsdered, and the matter referred
to the judiciary committee.
!. | The House then went into committee of the
whole, on the bill to change the mode OF appoint
ing Bank Commissioners. Mr.. SwAcKHAMER sub
United substitute. that the office OF Bank Gem.
missioner be abolished. and that the Banks BE- re-
CURED to furnish monthly sworn statements to the
Comptroller: Mr. s took the ground that the public
good would be better subsarved, by the adoption of
thlssubstltute There were already he c0ntended too
many officers. II gentlemen would examine the Bank
Commissioner report, they would find that they
, had been Of 40 service to the public. The $1,000
where banks had failed and the public been shaved,
in spite Of the Commissioners, and those officers
knew nothing of it until it was too late. He
the ground of the uselessness Of the Office and the
saving to be effected and the advantages 10 be OBJ.
tanned from It's abolition.
> Mr.. SIMMONS said that when this bank inspection
had been hrst adopted, II he had had voice he did
not know but that he should have been in favor OF
the one proposed by Mr.. S. But system had been
adopted, and he did not believe in legislative specu.
lation or experimenting The mere change, might
give a shock to public confidence. He alluded 10,
as in bad taste, the habit prevalent of never men,
aoninga bank without coupling i with the term
Mr. GaoUr followed in defence Of his colleagues
amendment, assuming the same position and argu-
ment IMr. g. also went into review of the bank
ing system Of the State, Of the present situation Of
| these institutions, with comments upon the ineffi-
cheney OF the Bank Commissioners Report to meet
the end for which it was designed, Of developing
and placing before the people OF the State plain,
clear and full account OF the situation OF the banks
} of the State.
Mr. d. r. F.. JONES followed in opposition. He
feared that it, as this amendment proposed, it was
left to the officers Of the bank to make report,
their interests would be too powerful to enable them
to make fair report: He would much rather
have it left to Bank Commissioners appointed by the
Be a BE bs
view OF the case he must vote against his colleagues
amendment.
Mr.. Looms thought if by retaining the office of
bank commissioner, and by obliging every banking
corporation to publish in the county monthly state
men of its affairs, it would subserve the public in
terest much more efectually, than by the adoption
Of the amendment proposed by the gentleman from
New York. AT present, the bank commissioners
visited the various banks twice or three times year,
and examined their books made up from day to day
by their officers BY the plan he proposed. there
was any thing suspicious in the published account 81
eaedto IT. and thus the bank commissioner directed
TO an examination of it To this add the right of
any stakeholder to examine the books of the bank
whenever ne might choose, and the public would be
fully satisfied
The debate was continued by Messrs townsend,
| SwAcKHAMEn, and HoFrMAN. Mr. H. said this was
fine loop hole upon which to hang speech, but
as gentleman were going to adjourn over TO go into
Massachusetts tomorrow, he would be brief. He
thought the reason which had made the bank com.
mission failure, might easily be obviated if gen.
tlemen were serious in this The whole care Of the
bank commissioners had appeared to have been to
take care OF SICK rotten Institutions by letting them
down carefully on that supposed bed of down-,he
safety fund Take away this, certainly and the OBJ
jec OF the gentleman would be attained As to re-
lying upon the sworn statements Of a bank expe-
| renee had shown the value ola bank oath. Mr. H.
| chnIac'erised such oaths as unworthy of belief
The question then taken on the proposition to
abolish the Office of bank commissioner and il was
voted down. n
On motion Of Mr.. TAMBLlr, the day of the cleo.
ton OF the COMMISSION fixed for the fourth
April After some further propositions to amend, in
which the remainder OF Mr. SwAcKHAMEK's amend |
menls were rejected, the committee rose and re.
ported
In the House, Mr.. S. renewed bis anne ndment.
abolishng the Office Of bank commissioner, and il |
was again rejected The report was then agreed to.
| and the house then Adjourned
Inc Senate, have been occupied during the day
bills nanny r'''''' anu '''a'
Tomorrow morning at seven o'clock, the mem
field, there to meet the Massachusetts legislature
The rail road companies have extended their invita-
ton, so that the members may visit Boston, if they
ihs has been beautiful day and the
so, most pleasant jaunt may be expected
CAVE ULoIscAR.
DANGERS OF THE DERIVE learn from Captain
Budd, Of the ship Manhattan, arrived yesterday
from Amsterdam, that on the 9Th Of Feb, when in
lat AZ, 16, long 49, 25, while lying TO in severe gale
frem the North West, he shipped sea that washed
overheard Edward Darlington, second officer, of
New York; Thomas Bowser, of London Andrew
Nelson, Of Massachusetts,, and Hugh Curfee, Of
New York, seamen, and all were lost. The violence
OF the sea was SO great, that the bulwarks, on both
sides were carried away-decks swept Of caboose,
caboose-house, quarter boats stove, &C., and filled
the forecaste and cabin.
The weather was 80 severe that Captain B. deem.