New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1844-01-03

P'aces WHICH eh'iee II 10 d uiaW.oacR, oy wayot
bounty.
There was sent to tide waite. in 1885, % AN
bushels of salt; in 1910, 1900; in 1871, 90 g35
in 1912, $4,000, and in lS43, 100000.
The bounty paid on coal for the last ve,, !.
S25,250 As; on lead, S2,261 So; on gypsnn
1866 u, and on empty casks Sl05 3s, MAXIM
with the bounty paid on salt, an aggregate Of
SOS, 623 So. !"
1t has been represented that several va,n,b,.
changes have been made in the process Of bo;l;,s,
drying and packing salt, and the character of.ss
fine has doubtless been materially improved -
During the severe crisis through which ii.
Country has passed since 1884, there was, n ~
haps, no circumstance which operated with :.
much severity as the fluctuations and derans -
men's in the Currency, and the failure OF Bant
ing institutions. The returning prosperity of TIA
Country is fortunately favored by the present >. '
parently sound condition of the Banks and ,Ss
| Currency.
There are at present one hundred and tort,
Banks in the State, and it appears by the om,.
terly returns to the Comptroller on the frst -
last November, that the capital amounts -
S43, 369,l52 and the bills in circulation ~
! Sl7,2l3l0l.
The outstanding notes of the insolyspt fe,,
Fund Banks, IS stated at $579,3S3, which canro,
! be redeemed by contributions from the so,ran.
Banks until 1919. A part of this sum is doubt
less in possession Of those who have obtainedit,t
its full amount, and the largest portion has proba-
bly gone into the hands OF the brokers at a die
count. The distant period at which these bills
can be redeemed, renders them in the estimation
of the holder of small amounts of little value, and
| there will be strong Involvement to part with
| them for nominal sum.
1t certainly is very uni ust that the b.holder,
who has obtained them at par, should sustain
this loss 1t is supposed that a loan could be OBJ.
tanned on the credit of the Safety Fund, without
pedging the faith of the State, to redeem the
outstanding bills thus held. Such course
should regard as just and proper, and recon-
mend that the Comptroller be authorized to make
loan for that purpose OH the terms mentioned.
| In my judgements the bona fide blholder who
holds them at par value, is entitled to interest,
and provision should be made TO authorize itsp pay
merit
t'ifty.seven Associations and individual Bank.
ers are now doing business with nominal capt.
tai of S5,l39,776 so, upon which there have
been issued circulating notes to the amount Of
S4,205.0l2, and there is in actual circulation,
S3,547 ,352.
Their securities consist of the following stocks:
s Sswi or St's s, Stock 3s
Cash on deposit 100 %
Bonds and Mortgages l9sS7 s.
si,li3Il2N
One Banking Association and five individual
Banks have commenced operations during the
past year, and have deposited New.Ysrk State
Stocks amounting to S3l5.565; circulating
notes issued on the above S3l5,565.
deem it my duty again to call your attention
to the Militia System of this State, under the i'm
preston that it is entirely inadequate to the great
purpose for which it is designed; that it operates
unequally, and imposes a heavy and almost use
less burden the laborlng portion of the People.
A much larger part of this class are enrolled for
militia service than of the rich and opuent.
On a former occasion, ! expressed the opinion
that trainings for the purpose OF Improvement
in military science, have failed to accomplishing
end, except in cities and villages, where meetings
arc frequent and convenient" | also recon-.
mendcd shat trainings be abolished, excepting
one by regiments annually, for the purpose Of
enrolment and inspection. My reflections have
convinced ME of the correctness of the opinion
then expressed. now recommend that suitable
inducements be given for the organization OF uni
form companies, battaons, and regiments.
prvatcs, after furnishing themselves with prop
er uniform, should in addition to their exemption
from jury service and militia duty, after certain
period, except in case of war or instruction, be
furnished by the State with arms and equipments
for the field and camp, under proper regulations
it is probable that respectable portion OF the In
fantry of the State would be organized into uni.
! form corps.
The officers, non. commissioned officers, mus-
clans and privates of Uniform companies should
be required to meet as often as is provided by the
present law If the militia service should be dl.
minished as proposed there should be CORES.
pondng reduction in the Communication paid BY
members of the Society of Friends.
Some ofmy predecessors had adopted the prac.
tice OF loaning arms and equipments TO Uniform
companies on their furnishing adequate security
for their preservation and safe return when re-
CURED. reluctantly followed this practice, not
because deemed it improper, bat supposed the
authority to do this, very questionable. CANNOT
/ but hope that this practice will be sanctioned oy
law, as ! regard il useful in encouraging the iof-
nation Of uniform companies; and The arms W.
der proper regulations, would be as safely KEPT IN
the armories of companies as IN the pubic arse
mails, and at less expense to the State. by a law
of Congress, each State is authorized to draw It's
quota of arms or ordnance from the national az
mory. II follows that there will be large accu-
mutation Of arms to lie idle and useless IN our ar
senals, unless law is passed authorizing theIn~
be loaned to uniform companies.
/ have personally examined the State Arsenal
in the city of New ork, and consider it entirely
insufficient to answer the purpose Tor which II
was designed. Most of the artillery is in an open
shed, covered with boards. The main building
is also too contracted and is in a dapidated con-
diton; part Of the enclosure is board fence
The arsenal and its appcndages are not in sucha
condition rs renders the public property secure
There can, think, be no doubt, that the public
interest demands that the min building should