New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1848-02-16

prosperity 10 the NeW-JcItey haHiO"' 1'"'"P"'@
(which is only doing what its own interest dictates
and the State authorzes we shall be sadly dlsap-
pointed If Jersey does not come short Of her
present amount Of annual plumber. At any rate,
we will try to do something toward the Delaware
River Road if needed, TO battle her rapacity.
GySERAL Insurance LAw.-Senator Bokee Of
KINGS has reported the draft OF General Law to
regulate the business Of Insurance, which seems
to give general satisfaction, except IN sirgle
clause which prescribes that no company whether
indigenous or foreign, shall insure in this State
without having a real capital OF 5000 OOO This Is
of course wrong. and must be amended. What is
needed is a clause securing that each Insurance
Company shall frequently publish and at all times
exhibit prominently at its place Of business a
foil and correct statement Of its condition including
the amount of its actual capital. OF its reserved
profits its unpaid losses. its outstanding risks &c
&c. This done, il any mau chooses TO insure win
a company which has only $4,000 capital we
don't see that the State can properly forbid or
punish his temerity. The State has enough 10 DO
10 make men honestly fulfill their engagements IL
NAV indeed forbid acts inconsistent with the pubic
zen's bargains any more than it can chew his food
for him. village company with but $4,000 CAPT
tai may insure as safely and usefuy IN its sphere
az a much larger company in large city-nay, 1t
may do business usefully in the great city Itself
The State will have done its duty when 1t has
made each company honestly and constantly pro
claim its actual condition leaving each individual
10 iudse OF its character and safety.
We do not at all concur in the gross aud
shameful imputstons Mr.. Bokee in which the
Journal of Commerce INDUCES. countenaneed to
some extent by other City papers Mr.. b. has
doubtless drawn the best bill he CONTEMPORARY
better on the whole than any Of his sssaants could
have done-and he not unnaturally supposed that
the requisition of some minimum OF capital for IN
surers would increase the safety OF the insured and
the general soundness Of the business His chief
assailant stultifes himself by attrbuting 70 Mr. B..
the base purpose OF driving out of the State all In
surers with less than 900 capital In order TO
secure custom for his own company, which has
more and in the same article states that Here IS
more insurance required an our CITY than can be
supplied from all quarters. Comment is needless
TESsEssEE-The Legislature Of this state ad
iourRed at Nashville on the 9TH inst. few days
before the adjournment tae Legislature passed a
bill to increase the State Revenue by additional
taxation Also, a bill spproprating $4,000 to
build Lunatic Asylum.
The Asylum bill was passed through the inha-
ence OF Miss DIX, the celebrated Philanthropist-
motion, on the morning Of adjournment, TO take
up the Free Banking bill its third and las, read
ing, in the House of Representatives, was voted
down. The members parted, says the Wtig' IA
great harmony and good feeling one toward an
other.
KEsTUcKY.-The Legislature has elected A. E..
Hodges n Co frankfort Commonwealth State
Printers by vote of - TO so for II. NJ. McCarty x
Co. r. D. Horton State Librarian and Nathan
Payne Commissioner of the Lunatic Asylum.
The MASSACHUSETTS REcRuIIs.-The enlistments
and abduction OF two minors, in Boston which was
noticed few days ago, created some excitement
in the Massachusetts Legislature. The following
resolutions were offered by Nc. Bradbury, on
Saturday
WAersas Memberso Of this House have been crediby in
formed that recent occasion, certain persons claiming
under the authority Of the United States AID aided
by officer Of railroad corporation did violently and
successfully resist officer Of the lsw while endesyoT
ips TO serve a wit Of Aabsas corpuf
therefore ordered That - be Committed to inquire
and report concerning the facts alleged, with power
70 send for persons and papers.
The Members. however, could not agree and
spent several hours to purpose. in debating
various motions and propositions, none Of which
were agreed to. We learn tina, one Of the re-
cruits escaped before the departure Of the train.
and the other was restored TO his father, in this
city. The Deputy Sheriff has lodged a complaint
against the conduct Of the train for part in the
affair.
ELECTIVE lssrITUrIoss-The United States
Government is called Wing Democratic, Republi-
can &c. It's proper appelation is electire- Ii IS
government founded upon the representative system
We had contract with Mexico. We have with
each other The Union, Mr.. Polk, Commodore
Stockton General Qaitman. &c. say that We have
right to war with Mexico for the purpose ofchang
ing her institutions in spite OF our contract with
her. Ia not this the argument of the AbOlitonists
Tor putting down Slavery Enslishmen OF the radi-
cal order often cry out to sPunge out the National
Debt as they bad no votes when il WAS contracted.
Here everybody votes and yet we are found Just
As ready 70 uphold the oppression of the weak Mex
leans and the increase OF Slavery as ussa, France,
Engsnd or Spain were 70 extend their yoke.
which was the government OF kings. mobiles. and
richly endowed priesthoods.
MELANCHOLY AFFAIK-A boy, 10 years OF age.
SAYS the Lrinys;0a Reps6loa hung himself IN NGodA
Monday last The Circumstances are truly melsnchoy.-
The family where he resided engaged 10 euieherng
hogs snd while the men were dinner he pat small
chain around his neck supposed for the purpose Of
ascertainng what impression would make, and let Hun
self hang from the pole which The hogs were strung up
whsE the men returned from dinner life found 10 be
extinct.
FIRE N WsITEHALL-Aboutm midnight on Tues
Az the s,h inst Are broke In Whitehall. which te
Dyed several houses belonging 70 the heirs OF the Aie
ate phen Chaplin and Others The entire ICES between
200 ant q 900.