The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-03-27
Albany.

General will take up with the Vice to Mr.. Clay'
Albany.
-t lC,respondenee Of the Herad.l .,.f - .fl
ALBANY, MARCH %, 1912.
After the reception of petitions in the Assembly
to-day, the third reading of bills were taken up
and large number Of them passed. Like every
other day which real business is transacted The
proceedings have been dull and uninterestipg
Mr.. O'SJLLIvAN asked that the bill abolishine
capital Punishment might be taken up, and remark
ed that the state of suspense under which he labor
ed, was extremely embarrassing. The Chair de.
<ided that it required an Unanimous vote. fs
Mr.. SrErsos said that he had understood that
the bill thus far had had any thing said against
it. Mr.. S. intimated an intention to discuss it.
Mr.. O'SULLvAN withdrew his motion.
number of two-tkird bills were then passed.
In the afternoon, the House in Committee Of the
Whole resumed tho discussion Of Mr.. WsIx's
State Prison Bill q. =,
In the Senate, the Tax and Finance Bill was
under discussion in committee of the whole,
when Mr. Dickinson offered substitute for the
entire bill, as follows - Co. 'a'g1 'st
Sec l. Imposes an annual tax Of per cent on the
capital stock of all banks banking associations, nsu
and trust companies Except mutual inssranee
compsnie) and exemp such corporations and asbooia
ons from all other taxes except the contribuiono the
bank fund.
Sec o Act to continue in force for three years from
the first Of July next. . t.,F,
Sec The Share Of this state in the proceeds of the
public lands from the United States Trea
sury AMI pledged to payment Of the stock debt Of
Sec The Comptroller to issue bonds, redeemable in
not less than twenty bearing interest not exceed
ing per cent TO the following amount, and the
bonds disposed the that be OBJ
tained For temporary loans 81 544 900; for the Che
muns canal $l3osoo; for opening canals 60 $aoo 900;
IN uisti fund
to contractors, S569.00e ~ 90 as. z
Sec Ap2ropriates 100000 for the further proseeu
Valley Canal $4,000 for them York and Erie Railroad
Company and 900 for the Erie Canal enlargement
and charges the interest (Which will soon be defsu Of
the New York and Erie Railroad stock tsthe general
fund.
Sec g. Authorizes the Comptroller to issue bonds to
the amount of in sums OF ten dollars
in year. and like sum in two years, at per cent
for the objects of the preceding section
Sec. Authorizes the Comptroller to pay SAID bonds
in the stock created by the 4th section.
In sub hitting this, Mr.. Dickinson wished to say
that this was his individual proposition, and he
asked for it no more consideration than should at
tach 10 il in that light II was not the embodiment
OF the views of the minority, and he did not wish
it to be so regarded. 80.
Mr.. PA,sE entered into review Of the finances
Of the State, and explained and supported the bill
at length. He was followed by Mr.. Dickinson.
message was received from the Governor,
stating that the appropriation for the special mis-
sion TO Europe to explore the archives OF foreign
governments TO obtain information relative to the
early history Of this country, was nearly exhausted
The Senate took recess until 81 o'clock, whcu
Mr.. Dickinson resumed his remarks, and continued
until 81 o'clock, when he gave way, and the Com
mittee rose.
In general politics here there is but little stir.
ring The Argus and Journal are at It Of course,
tooth and nail, and it would appear that there is
n most etermned effort being made ON the part OF
the latter land its political friends to stir up and
cite the feelings Of the people on the subject Of di
rect taxation, to the prejudice OF the dominant
party, but il will be TO no purpose. The honest
Whfes concede almost universally to the business
of the measure. The impossibilIty OF avoiding il
is so evident to every unprej man, that they
cannot do otherwise. The ground Of their outcry
is, that this law will have the effect 10 arrest the
works Of public improvement, and thereby pro-
duce a stan1-still among business men. IL they
were really sincere in this belief, why did not the
whigs when they had ii in their power so 10 do,
exert themselves in behalf Of this prosecution
Had any OF them, while the bill was in the House,
moved to amend il by inc reasng the tax to million
and half, or two millions, this desirable OBJ
ect would in a great measure have been attained.
Mr. HorrNAS avowed that if any gentleman
would move to increase the tax to that amoant,
heart and soul would be go with him. He warned
them, that If they desired the further prosecution
OF the pablo works to take this course, but they
did not see fit to do And the only step that was
takea towards it, was motion from Mr.. Simmons
ON the night OF its passage. at the last moment,
when the only Object could have been but further
TO delay II, moved its recommitment with instrac-
lions To amend, to rease the tax to tw and
half millions Had this step been taken at an
earlier stage of the proceedings il doubtless would
have been adopted, OF at any rate the tax would
have been increased. Under these circumstanc es,
all attempts to make political capital out Of it to
the benefit Of the Wings will prove failures
Mr. HorrN.S's report 10 and will be most ex.
tepsively circulated throughout the length and
breadth OF the State, and its able, s:nnd and con.
elusive arguments cannot fail to carry conviction
to the minds of all honest men OF either party
This repudi Ition business has accomplished som,
ro,d at any rate. II has had the effect OF arousnl
the people TO sense oil the imminent destrucuor
and disgrace, this thew Impulse" policy was fss
guiding them TO. II will have the effect ofimpress
sug upon them the wholesome truth, that the sur
and only way TO retain or resuscitate credit, whs
Their Of States or ndivituals, is TO pay or provide
for the certain payment Of dhbts incurred. Unde
the practical application Of this theory we ma
hope to see the credit of the Empire fast returning
10 its former proud state. ..... go.
In regard 70 the local election all Is hustle an
activity, and the note Of preparation Is heard o
every hand Ward meetings are nightly held an
patriotic resolutions as often adopted, and bot
parties are sanguine OF success. As yet, howeve
there 10 but one ticket in the field, and that IL tn
one put ia nominations by the Abolitionists, or IL
berty Parry as they are pleased TO sly them
selves. II is understood that the idea OF Ten
pefance ticket has been abandoned, and very col
rectly too, as experience has always shown, ihs
the dragging Of this cause int the political arena
has any thing bat beneficial consequence.
CAvIULcIscAR.