New-York tribune., 1842-02-12
New.Yor41 Legislature.

Genc-ce=l ale. Canal and 100000 for the Black
River Canal.
. Certificates Of stocks to the above amount to
be issued sums not less than Sl00, 20 Dc dis
posed %; BY the Coaniss:anc Of Tie Cana und
at public or private sale. upon such terms and
conditions a they shall find necessary. and most
conducive 10 the interest of the State.
5.Untii such certificates OF stock shall sold
and convcrt,d into money. the Commissioners OF
the c mai Fund NAV from time to time make tern
porary oall-=upon such terms a, tley MAJ deem
udicious and beneficial TO the Safe Tor any time
not=cxcccciing two years. from any individual.
nloncv corporation banking association. for any
sum exceeding in the aggregate the a1:ount
authorised hereby 20 b. borrowed.
I. Banks and other moncvcd corporations within
this State may purchase hold and dispo<.. OF any
stock authorized 20 be issued under this act. he
Commissioners may deposit wit! any OF the Free
Banks which shall have purchased auY Of this
stock, or made any !oa. uudcr-this act. any Of tie
Cana! Funds. in the same manner, and on the same
terms a with anv OF the, chartered Banks The
stocks so purchased. and the temporary loans and
depo>ites 80 made. shall not. i. rcspcc, 10 ans
Limitation now bv law imposed. bc deemed any
part of the loans. discounts aud dcposites OF such
moneyed corporations as lnav make such purchase.
or loan. or receive such dcpo.itc.
}. All >urpu, tolls and moneys OF. the canalsi in
a,,ii>ca year. after paving all expenses OF colIec
ton, management and repairs shall br -igncd to
the payment OF the interest accrued during such
scar. for tie loans under this act, aud all previous
loans for the enlargement ct the Eric Canal. or
for the construction o any cana- feeders be-
longing to the State. and for 30 othcr" purpose,
until such payment Is made fully provided for:
and all the public property of the State. including
the Proccc,l, oi the Public Lands under tlt late
Distribution !Act=cf Congress- pledge, for the
redemption of tho principal money OF the loans
authorized by this act.
6.No ncw work to be put under contract on
any Of the canals during the present wear except
such may be necessary 10 render available ,l.
work now in progress and prevent interruption 10
the navigation.
Mr.. FuRM-,s said this bill would 90 OF course
to the Committee on Finance, but be earnestly
hoped it would be speedily reported for the action
Of the Senate. 1t was accordingly read twice
referred, and ordered to tc printed
The Resolutions in relation to the Public Faith
Of 1ilc State originally proposed by Mr.. Frank
il but tran, formed by the adoption OF Mr.. Sher-
wood'--ubstituc we're again taken up-thc cues
,ion being on Gen. Roots amendment. Gen.
T=thereupon rpokc at ength in reply to
Mes<r>. Sherwood, Paige and Dcnn>lon, and in
exposition of the Financial policy and history of
the State. He showed over again that the Wings
are now condemned for carrying on the Public
Works commenced by their predecessors. which
they could not do otherwise than prosecute with
out olinous impolicv and bad faith.
When he had concluded, Mr.. SHERWOOD rose
in reply. and spoke until the hour Of adjourn
mcnt.
In tho Assembly. Mr.. Town,cnd's bill modify
Ag the Usury Laws came up in Committee Of the
Whole and was advocated by McssrS. TowSSESp
SIMMONS, CAkYL Of Otscgo and SMITH Of Gene
see, while it was opposed By Messrs LELAND of
Stenbcn. LOOMS of H"rkim"r, KELLY Srrrsos
and HUMPHREY Without taking any question
the Committcc rose and the House adjourned.
THREE LIVES LosT.-lVc learn from the Even
ing Journal that during the recent flood along the
Mohawk, Mr.. William V. Shaver, respectable
citizen OF Little Falls, returning with two Of his
sons from visit his daughter. attempted to
ford a small stream emptyng ntothc Mohawk
He got into q; deep and rapid current, from which
he could not escape. The ncghbors rallied at his
cries for relief. but could not reach him. During
the night. however. the horses were taken out alive
with the dead body Of one Of his ;and in the
morning they found the body of Mr.. Shaver mitt
M0to Of his youngeSt son clmeing, IN dcaid, 10 his
beck Thus pcri.hcl the father and two sons
The boy was tied TO his fathers back with the
whip-lash.
u Northern papers continue to bring rs lc-
counts of the damages By the recent food The
southern portion of Saratoga village was com
pctclv inundated and portion o, the Railroad
was carried away. :, large stone culycrt o, the
road some two miles from the village, was also
swept OFT: it cost 50 900. On the Susuucanuah.
from 3anbridge To the Grca, Bend. ii is said not
a singh. bridge remains
e Four persons have been arrested in Bnlti-
more charged with having been concerned in the
recent assault and robbery Of Mr.. Nicholson.
reward OF $1,000 was offered for their ;ppr.hcl-
sion; $4,000 was taken Mr. y. was terribly
injurcd-lli> tvzbcing fractured li> nose beaten
in. and he completely deprived Of hi> senses He
has far recovered .s t. givc a description Of
the miscrcant>; he SAYS there were two of tIlcin
70 The Ncxicpl schooncr-rt-Nar .ibcrtad. re-
Gently built at this port aud valued al $4,000, is
bcIicvcd TO hav- been wlrckcdat the Berry,, Stands.
>, WAS fully insured in this city.
HOME LEAGUE CONVENTION APRIL ) 1872
The following, Resolution unanimously adopted
meeting OF ,lle Home League" the State oiNewlork
III v, = l..
= Resoi;<d. That the Iome League the Stat. ui
NcwA orb approve the call made by order OF the Primary
league National Convention o Delegates represents,
nr . Interests the friend, TIE Protection Home
Industry and the Promotion Reciprocal Commerce. and
unite IN the request that the delegates which bc chosen
from other. Home Leagues and Agricultural Societies,
M.rhau.caI