New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-04-02

OppOetd the HOOd sense oi TIC peopiS snD'A" 80
their reward The certainty Of lie near comp'e'
tiOn--its great cost-and that this was new at
tempt he knew could not succeed.
Mr. JOHNSON followed urging the justice OF the
bill as establishing equal and exact justice 10 all
parts OF the State In view Of the peOple-that
their roads in the center OF the State are heavily
taxed with tolls.
Mr. STANTON opposed the bill There was
time when those who had ventured their money
in this road were looked upon as financial lunatcs,
and were decided on the exchange as men without
Judgment. Calmly and perseveringly the good
men and true that bad it in charge had pushed It
on. till the very next month should witness ito
completion This bill would work a vast injury
if it was enacted into law. injury TO the
pliehted faith Of the State, which should be kept
inviolate.
Mr.. CURTIS also opposed the bill at length.
Mr. BEEKMAN followed.
Mr.. CRoLIUs moved to strike out the enscting
clause.
The debate was continued by Messrs MILLER
and BABcocK.
The Committee refused to strike out the enact
ing clause.
The Committee rose. and then the Senate laid
upon the table the motion TO grant leave 70 the
Committee to cit again. Recess.
The bill in relation TO the interest Ell money was
considered. No contract or assurance Tor the
payment of money with interest at greater rate
OF interest tnan 10 auOWcQ ny tne pISCOotnb oSN
ton shall be thereby rendered void. But when
ever in any action brought on such contract or
assurance il shall appear, on special answer TO
the complaint being made to that effect, thar
greater rate of interest has been directly or lndi
rectly reserved, taken or received than Is allowed
by law, the defendant shall recover his iQll cosEs
and the whole interest reserved or taken, and
the plain tiff shall have judgment for the balance
only which shall remain due after deducting the
whole amount of gai1 interest.
Mr. MORGAN advocated the bill at length. Inc
present law was q premium TO dlsnonor, anu ~
was an encouragement held out by the avs 20
men celebrating TO fslsify their undertaking. IL
was time that the State of Newly York should
effsce such law from the statute book.
Mr.. CLARK moved to amend, so that where
usurious interest Is taken, the party taking the
interest shall forfeit twice the amount OF interest
taken, and full costs.
This was debated by Messrs. BABcocK, ScHooS'
MAKER and others.
Mr.. BRANpRETH said, in debate, that he be-
lieved the State of New York would lose oy 1ne
State of California over one hundred millions OF
dollars II the laws relating TO the interest oil
money were wisely framed in this State, money
would flow into her Golfers, because our people
were more OBSERVATION-DISCLOSURES they were more
intelligent Ii was better field for enterprise.
No question was taken. Adjourned
This day was set apart for the third reading oil
bills
The Assembly concurred with the Senate in
it's amendments to the bill providing Tor an ap-
pointment of an agent to attend the World
Fair, TO take charge OF property committed 70
his care.
The bill for the relief of the colored orphans Of
New.York City passed. .
The dav being set apart for the third reading OF
bills the following were passed, (uness otherwise
noted)
To amend the act relative to the District Attor-
ney of Ulster Co. -:
Mr. TOWNSEND moved to take motion TO re,
consider the vote on the final passage OF the bill
providing for the discharge Of insolvent debtors
from the table-carried.
The question being on motion TO reconsider,
N TowEsESD called Tor the re Gao o, sns :, p 3
BILL and advocated its passage, as In some degree
it relieves the present act Of much unnecessary
stringency. Mr. T. believed that it was perfectly
risbs and proper that debtor should have the
privilege OF preferriDg creditors, as he did not
think it was demanded by justice that an unfortu'
nate debtor should be narrowed down through
the rest of bis life merely to crafty the feelings OF
one person who might be prejudiced against the
debtor.
Ifaman be unfoI tunate ia bis business, and
having acted honestly in his dealings with his
creditors, it was certainly very proper that he
should be discharged from his burdens, upon the
application of tW othirds of bis creditors. He
REPRESENTED that he considered the bill calculated
to work most saIutsrily in relieving the en-
barrnHments Of unfortunate debtors.
Mr. MAccOMBER wished TO withdraw his oppo-
siton to the bill after hearing the explanation OF
bis colleague, and he desired to say % any gentle
man with whom he had conversed on this subject,
that he was ia favor of the passage OF the bill.
Nr. WOOSTER advocated the motion TO recon
4 Al .a~sku h.a a nTN6
length. He deemed it very necessary enact
meat in prote citing the rights and interests OF I'M
fortunate debtors He hoped the bill might re-
ceive the unanimous support OF the House. Mo-
ton to reconsider carried. Ayes, 80.
The Bill then passed. Ayes, IS; Nays, l.
Mr.. o. ALLEN moved to take from the table
the bill for the appointment OF an Agent to
represent the State OF New.York at the Worlds
Fair Of 1851. Carried.
The question being on concurring with the Sen
ate on the amendments made to the bill, Ii was
decided in the afirmative--Ayes 70, Nays l.
Mr.. VARNUM moved to take from the table
motion to reconsider the vote on the bill In rela-
ton to mortgages taken by the Commissioners
for loaniDg certain moneys OF the United states
Carried-Ayes 70, Nays6.
Mr. VARNUM, by unanimous CONSENT moved to
recommit the bill to q Select Committee to report
complete. Carried.
An act for the relief of the Association for the
benefit Of Colored Orphans in the city of New.
York-ayes "a, nays }.
Mr. A. A. THOMPSON moved 10 re consider the
vote to lay motion on the table. Lost
The motion was then withdrawn.
An act to incorporate the Franklin Mining
Company.
To enable John Phillips 90 keep and maintain
a ferry to cross the Hudson River opposite his
lands in Putnam county
MIR BARRis called for the question Of Goa
currency. with the amendments OF the Senate,
TO the bin fixing the salary Of The Canal AP-
praisers.
Amending the act incorporating The New.York
Gallery Of Fine Arts.
Amendios the acc relating 20 We sssessnent
Snd collection 81 taxes in the city y New, YORK
Declsrstory 81 the application Of certain parts
NJ the Revised 8tatutes IN relation TO false
tokens.