The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-03-18
DOU BILE SH EET.
NEWS BY TELEGRAPH.
NEW YORK L E G L A r u K.
BY MoRsE's LINE, NO l6 WALL STREET.
Senate.


BY MoRsK's LINE. NO Is WALL STREET.
Senate.
ALBANY, March II, 1851.
THE LANE cHAMrLArN BRIDoE
Amemorisl was presented from Q great meeting Of
The citizens Of northern New York, held at osdsns.
Surgh asking the building Of Rouse's Point bridge.
10 INDIAN.
petition was received from the Onsndags Indians
laining that the white men have go
them to require increased protection from and ssk.
ing that better salary be paid to their attorney
FAVORABLE REPORTS.
Mr.. sToNE reported vorsbly on the aot to incorpo-
rate the Protestant Episcopal Mutual Benefit Society
Also favorably act to incorporate the Thistle
Benevolent Society of New York.
Mr.. SNYDER reported favorsbly . bill to erect .
sdre proof building for State Library.
Mr.. MORGAN reported favoraby on the bill defining
the powers and duties Of harbor master Of New Yof
so far respects corporation piers.
BILLS PAssED-sEw YORK JUVENILE ASYLUM.
A bill to incorporate the New York Jsvsnile Asylum
passed This provides for the safe keeping Of suoh
neglected destitute children Of that city by law
by the voluntary act Of parents, committed to
them. 1t received . unanimous vote.
The bills incorporating the Westminster College ct
Buffalo, land university, ct Albany, were passed.
The latter originally contained section declaring
that the chatter should be forfeited the university
Shoud apply to the Legislature for opra
tion but It ives struck out % being undignihsd and
fhs general cot, establishing as the standard OF
wsishts and measures Of the State Of New York the
Get TO our State BY Congress- and BY Mr.
The bill to reorganiss the Police Department Of the
An cot to exempt the property Of incorporated hos
pital Gem snies from taxation.
TREASURY.
The Treasurer mmuniosted to the Senate, in an
sver to resolution statement that, on the lst day
g. 81 to
canal fuAd. The rest s to the credit OF the other
fund, o. the sscts .s On aspo. IN Mech. and Far
$loe es4 As Manhattan Company, 1852 6o2 So Coun-
try Banks, Sl02b62 81.
aERRIrr SMITH. &c.
Mr.. srosE, tdsnocratl from Mssisoa and osweso
article published in the albany Register alsdgng
0errit Smith was voring to get asmbers OF the
Legislature to vote for Hsmilton Fish, and that
ianoe was had II tho resolution was introduced pro
vding for another election Of United statee Senator,
that Senstors Stone and stanton democrats would
Be absent. and the resolution would be psssed. lie
denied that there vas any truth In the statement,
40 for /. nr. Gerri.s Smith was concerned. lie
tombstone es to ring vote tor hamilton Fish from
oerritt Smith. None but an insane person you'd
think OF such thing (Here the matter dropped
THE POWER or CITIES TO CONTRACT pEBTs.
The important bill providing the restriction Of
the power Of cities to contract debt up for dis
cussop. This bill provides that the credit OF the city
shall not, In manner, be given loaned to or In
AID Individual ASSOCIATION cOporatlon, aad
that no city shall bsrrow sum beyond . sum equal
TO ten per cent Of the valuation OF the real estate
returned BY the TO the board OF supervisors
Mr MANN moved to limit the amount to hvs per
cent He oonsdersd the bill ss likely to produce an
isue OF city stock. TO be usec basis for banking
operations. To all this he opposed lie supposed
what be should cay vould effect nothing for the ma
jority In both Houses seemed 70 be influenced by an
innate NIFTY to get into deb IL vas feature Of
Mr. Grppss considered the remarks Of xr Mann a.
vague and unfoupded This state has only attained
to s position Of the Empire state by reason
that those who had charge OF lite government have
judisiou,y borrowed the build up It's canals
and dsvelope its resources In every department Of
life. wise credit has besn instrumsptal In acsom
plishng good. In the city Of Nov York, loan gave
that city the Croton water and this !, but one o.
many Instances
The debate vas continued by Senators John,oa,
Babcosk and Miller an1 tbs s,asts thsn took q re-
cess till p. NJ.
After the recers the discussion the bill restrict
ing the powers OF cities and incorporated villages In
creatipe debt, was continued
Mr. mann coptended thai the bill was to organize q
system Of providing new basis og banking
Mr.. MoRaAs said there was no necessity Of any new
bass IS banks rprin ging up last enough under
the flaws at present existing
Mr. BAscocg said. he believed that when bonds were
issued by any city village. under the provisions OF
this act IL would not b. necessary to go out OF the
municipality TO get the money, AID hey would be
preferred by farmers and others. - an investment
Mr. Cno,s alluded TO the excellent credit possessed
by vsrieus cities and villages Of the state The city OF
sroo. sy II, premium T.,ss on Its bonds had
Mr.. JoHssoS thought the reason why the bonds os
the city Of Broohyn sold so we'll vas the hope which
was entertained OF its being annexed to, and made
The details Of the bil we're then submitted to q
select csmmittse, consisting OF Senators Cook, Mann
and Morgan.
An elaborate suppi.n entary report on tbs dnanoes
Of the State, was received fron, this Comptroler.
Adjourned