The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-09-22


This state mont does injustice to Mr. Gamble the pro-
pretor Of the house in question and injustice the
man making complaint and secure retraction They
few daysprevously to the commencement of the
arr the genueman in question wrote to Mr. Gamble,
requesting him to the best in his house for
him, with the Injunction that person beside himself
should be allowed to enter it. Before that Mr. g. had
ceived large number of applications for rooms and
plainly saw that every room in his house would be fully
ly large to adt four beds for two persons each which
he could let to eight Of his guests at the ordinary price
OF two dollars aday-making sixteen dollars per day
him the exclusive of it for dollarsthereby
rihcing six dollars day only but disqualying him.
sell Tor accommodating seven other guests who wanted
When these facts are known, and when it is remem-
oered that Auburn small village comparatively, and
that every room in The place. and every bed barn. hay
NOW garnet cellar and board pile hasbeen in requson
for lodging the twelsy thousand beings who have been
Mr. Gamble. and his great desire please and
date sll his friends, @ have rather praise
than him. IfMen wish to mouopoze comforts
they should be willing 70 pay for such onopes espe
cialiy when enjoyed 9 the expense Of others
State Constitutional Convention.
SATURDAY Sept ls.-Mr ALLEN presented memorial
from citizens OF New York in relation to the personal
liability of STOCKHOLDERS In incorporated companies Re
ferred. Mr. Young Bred resolution that commit.
tee De appointed 70 an address to the people 70
Steison offered resolution that the first article reported
by the finance conmttee with the amendments thereto
the speech of any member any proposition, be con-
fined to Is minutes Mr.. Chamberlain moved Monday
Mr. kingsley moved thst the Convention hold session
this afternoon Carried. Mr.. Baker moved that evening
sessions commencing at hafpas o'clock be held, and
that they be devoted the consideration Of the report of
the committee on the right and privileges of the citizen.
The last clause Of the lost and that part
Convention then went iuo committee the report
tho finances, &C. The question being the amendment
of Mr.. Stow, as before published The amendment
rail cted. WOrden me vodt he wnp az n suhs
tute for the first four sections of the report =.
The legislature at its rret session after this consu
ton takes effect shall provide by law in the here
in provided for the creation Of sinking fund to pay the
canal debt and the geasra fund debt Of this State and
period of ten from and after LIST Of January ls47
the of $l500 900 and from and after tine LIST Janua
paid shall each fiscal yeof and at that for short
period from the and tolls of the State after
paying the expenses of collection, and
repairs be set apart for such sinking fund and pledged to
the payment Of such debts and interest," such
that all the preferences and pledges in favor Of the cred
tors Of this shall be and continued AZ
ter applying aforesaid sums supply the said sinking
funds there shall be paid OF the remaining net revenues
and tolls Of the said canals $500 Ooo annually into the
tolls of the canals shall be appropriated and applied to
the completion Of the enlargement or Improvement Of
the Erie canal and the completion OF the other unnish
Mr. LOOMS offered tho following as an amendment to
the first section of the report after striking out the first
six lines thereof
After paying the expenses of collection superinten-
dence and ordinary repairs there shall be appropriated
each year. commencing the first of june. 1885, the
Of 81, 600 until first June, 1855, and from that
time the sum OF 100000, in each year. as linking
Mr.. Bouck sent up proposition which approprietss
81 600 to the exnguishment of the canal debt S5aS
900 to the extingushment of the general fund debt and
to defray the expenses of the State
the balance to be appropriated to internal improvements
Various other propositions sent up, but read
and then the committee reported the article with
the amendments proposedo the Convention The second
report Of committee No. 3, referred to the same commit
tee of the WHOLE reported to the Convention and
laid on the table The Convention then procee aed TO
consider section first of the report Of the committee,
which Mr.. Stow moved to amend by striking out the
words in Italics and inserting those in brackets that
it would read;
After paying the expenses of collection superin.
tendence and ordinary repairs of the
Of the State canals shall in each fiscal year. and ut that
rate for shorter period commencing on the first day Of
apart sinking fund.- to pay the interest and redeem
the principal of that part Of the State debt called The canal
three hundred thousand dollars be borrowed he
State debt until the first day of July 1856, after which
$aooeoo Of said revenues shall continue to be applied
paid; and the principal and income of the said sinking
fund shall be sacredly applied to that purpose.
withdrawn, in order to enable him to get vote his
proposition amendment to that Of Mr.. Loomis.-
cussed In the course Of the debate Angel brought
forward his amendment; but before taking any question,
the Convention took a recess
amendment to Mr. LOOMS proposition was discussed by
Messrs Marvin, Chatfeid, Hoffman, Bouck, Cambreling
tsrson, fe,kins and Loomis when NJ Bruce offered
resolution terminating debate the article and all the
pending propositions Monday at IL N. Pending this
question the Convention adjourned--.drgus
Important DecIsion-North American Trust
and Ranking Company.
We understand that Vice Chancellor McCoun
will decide this morning the case OF Leavitt
Yates This is the Yates Trust Case argued before
him about year SINCE In this raised the i'm
portant questions to the power of the banks, under
able on time and to assign the assets q the bank to
the payment Of such papers and the still more i'm
portant question, whether parties holding such paper.
having advanced money thereon have any claim as
crcditors against the fund in the hands Of the general
receiver either for the nominal amount Of the paper,
The officers Of the North American Trust and Bank
ing Company issued the following post notes in 1910 and
1850 bonds, for fa5O sterling each, dated
Feb. l, ls40, pay able to Walter Mead, cashier
or his assigns, with interest Feb !, ls4S; at
the banking house of Palmers, Mackillop,
Dent Co.. in London. Amount OF these 1900
bonds Secured by million and first half mil.
'O $50 S' bonds, saso each dated Feb J. ls4o,
payable to Walter Mead, cashier, or his as
signs, with interest, Feb. 1, lS47, at the bank
ing house of Palmers Mackillop, Dent & Co,
in London. Amount of these 450 bonds se
cured by the second half million trusD. 100000 90
80 notes Called csrtifcates) dated in Lon
don, Aug. l, 1910, payable to bearer, Sept !,
ls4i and amounting to (secursd by State
''V Is post notes dated Nov 80. is4o pay able "
to william X. Cooke, the teller, or order,
Dec. 3, ls4l, with interest, at the banking
house of Palmers, Mackillop, Dent Co, in
London. Amount Of these - notes (secured
by the Blatchford and Murray TrusD 2l2,900 90
800 post notes, dated Dec. IS, 1870, payable
to Elan H. Gibbs, clerk, or order, Jan. 49,
Is42 at the banking house in New York
with interest. Amount Of these 500 post
notes Occurred by the Yates TrusD 100000 90
Total amount .................. $a07s666 Sc
To secure the above post notes the officers the bank
assigned bonds and mortgages Given for capital stock Of
the Company trustees, amounting to $4,000 900,
follows :
Million Trust ............... Sl,326,s75 10
First half Million Trust $500. 6I6,4l3 "a
second half Million Trust ....... s0O22s so
Blatchford & Murray Trust. ...... 327 900
Yates Trust ..,......... 1000 500 20
$4l6l,ll6 90
These bonds and mortgages are now in the hands Of
John j. Palmer Esq, the President Of the Merchants
Bank and Abah, Mann Jr Esq as special receivers zap
HIT Chanc hold and the