The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-02-26
ALBANY, Feb. "a, 1S49
AH1,r, a., n. T.r,,Iot.s.

AFFAIRS IN the Legislature.
Spring has come suddenly upon us, after several
weeks of the most intensely cold weather that
have ever experienced The temperature Is now
at charming altitude, the streets exhibit signs of
animation once more, and the Dutch bellies have
once more quilted their weather-proofp prisons.
The election OF VIM. H. Seward, of the village
OF Auburn, to the Office OF U. S. Senator, seemed
to act upon the Legislature as a sudden palsy or
paralysis acts upon the human frame. Since that
remarkable event occurred, the two houses have
lost their identity. They remind us OF hospital
for ioundlIngs, when those interesting objects are
in the act OF "teething," or IN the act of cutting
their teeth. The members are frettul and alb
sirscted, and apparently indisposed to resume
their Legislative duties with the alacrity with
which they entered upon them. For two weeks
past, II has, in fact, been difficult to get quoru III
OF members together IN either house.
observe IN the Herald of this morning, tele-
graphic despatch from Albany, announcing that
Thomas Olcoit, Cashier OF the late Canal Bank of
Albany, has just been appointed Teller OF the Me-
chancs' and farmers Bank Of Albany. This is
an error The name OF the Cashier of the late
Canal Bank, who has been tried upon several in
dictments for peIsury embezzement, SO is Theodore
Oicott, and is his nephew who has been appointed
family has displayed remar kabls talen for osuai no.
Mr. Bosee reported resolution to the Senate yester
day requettDg Mr.. Justice Parker and Mr.. Justice
Hand who presided at the trials Of Theodore Olcost,
upon tho several indictments, to furnish the Senate
with copies of their minutes taken upon the trials
Mr. Bokse In offering this resolution said 1t must be
evident that there either defect Ia the bs
system, or in the lava or else ell the ira nsactions in
relation to the Canal Bank right and proper.
There had been two trials OF Olcot for
on vhich the juries asresdtse Judge in each csss,
ruling different ways II there was any thing defso-
tive In the law the only way to arrive at have
sIepert from the judges, pointing 1t out The Senate
adopted the resolution, Upon all tis,s trials Mr. OF.
~ In AL " n far Dal
end &c Mus are equal to any In America One his
counsel was Samuel stevens With such men, believe
II mpossble TO convict Mr. o. any other an cer
who bnpps to get into ike predc smsnt. MIR Ocott
acquitted upon all tho indictments and result
viii tho tortuosties asd mysteries Of the upon
the subject Of banking and the responsibility Of bank
Ing corper ations.
In tho Senate, yesterday, on motion of Mr. Fine,
two Sc majors added to the Judiciary Committee
to which was referred the TO the Code of
Procedure In operation reported to the Legisa
tUre by the Commissioners Practice and Peadings
In the House, the majority .of the select committee
having the suhect In charge reported in favor of the
bill continuing there Commissioners In Office It'll the
l5 Of April 1850. tsppears that the wing majority
in the Legislature fearful that refusal to continue
party with terrible results They dare not therefore,
refuge to continue them In oios the bill introduced
for this puIpose will coubtless pass the House at the
ut t,mbt. A similar bill has already passed the
S. nate The will also prevent the present
Legislature from repes log the Code Of Procedure nov
In opeJatien 1t will not be repssled; the Legislature
will &C themselves with anne ndipg 1t according to
the sUqgestions made to them by the ommissioners.
But the conflicting views which the other Board
Of Con missopers known to entertain in relation
TO the Of the old system Of legal practice,
IL iesms probable that long time will sIspse, ands
great deal II noise be made before the Codes Of Pro-
csdure are fairly and permanently established No
thing will be done ut this session with the second Code
Of Procedure, In criminal cases, which was recently
reported to the Legislature IL has been actually sug
gesttd by sevcrsl prominent whig members, that q
Extra session Of the Legislature will have to be called
for The purpose Of bringing this second code into ope
Isnop An extra session Ia seriourly talked Of.
The Senate adopted . resolution, reported by Mr..
Adsme instructing the Nautilus Mutual Life Iusu-
rance Company In tho City Of New York TO report to
the Legislature whether they have Invested any Of
then funds In encountered real estate or other sscuri
~ prohibited by their charter. The resolution ~
soopted BY the Senafe nstructs the company to pre-
rent detailed account Of its pal and business
affairs
The bill In relation TO banking, reported to the So.