New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-06-03

new tam. which they considered 100 low, was pro,
mulgaod, hold seats N the LeglSatufe, ana wiz -.
course 20 their best 10 push nrough me audaClous
scheme Of Their brother consrTators.
On Monday last the returned exile, hdcAenLe'
made his debiH IN the House. lie SpoAc Tor t"o
hours. the motion which HaS the foundation or ms
remarks beng for leave 20 introduce bill 10 repeal
SO much of the Trust and Loan Company "a Lon
don cCnctw-ACt as enables them to take nlgnff
rates az interest than others take. tie exposed ih'
atSuritv and inconsistency 0 tlc Legislature IN re-
rt,tuC bin for the repeal OF the >ury Laws AM
then "a Few DAYS after allowing certain parties %
SnuccC into an Act clause allowing thiS band ol
foreign usurers 10 take eight and nine per cent IN
teresi He also entered INTO general defense OF ne
USulv Laws The act BOO question had been IN tN-
iSteuCc since lSi3 buf. t me clause oi last SESSION
had been Struggled into L. az midnight. rs MT. MIC
kenzC remarked. when only 81 Members were pres
sent the Company was not allowed to take more
than TX pcr cent. the legal rate o interest Inc
Company has ,apltal % S2.tO0en. hul "he,heI any
of the stock has been actually subscribed Is douou'
It's object To loan ON mortgage on real estate ana
Nr Mackenzie calls II m3chne Tor ie>>e,iHs 'le
number OF FrCohOtCrS m the Province. HoWcfcr'
his motion did not carry. he Was met oN tNe OuJoC-
non that the Charter had been granted, whtthtI
rightly or wrongly, az midnight or noon, and u was
mot 20 be recalled or modified FOR that 4 was con
tended. would be a breach 81 faith and As ihe IN
>pecor-Gtucral asserted the effect would re 10 de-
>'rov our credit IN England. the House. thinking lhe
Finance Minister great authority on thiS point llai
no idea az diSpUtng his statement and 50 IeJcyIed
The motion for leave 20 Introduce the bill. VT. Ma
kcuyle listened 20 WIN rCSpecUN attention ny wv
whole house and no one has yet been so rude or IN
dccorOuS as % throw IN his teeth the CrrorS-aS one
political party undoubtedly considers them-ot ms
past political life. He goes 10 work Ike a man wlo
understands what he Is about he Is calling on ilc
Government for all sorts of information, and oSpe
clallV where the finances of the country are con-
cerned The Government, OF course, do not Ike II,
but what are they 10 do Nthoy refuse the niorma-
ton they only arouse a suspicion M The public mni
that there Is some corruption behind that required
COuCeament. -
The SeiCnonal Tenure question has been again
referred 10 "A Committee for inquiry. though Il Is
known that a COMMITTEE can elicit no new lnloImt-
non on the subject But the Government wlsh 70
throw the responsibility Of dealing with the icutal
system on a Committee of the House.
There was % long discussion yesterday III W" H'-
e,sativc Assembly on the question OF RECIPROCITY OF
fradc with the United States Il was brought on oy
"a motion for an address 90 the Governor General tor
COMES of correspondence between tins Government
and The United states The Finance Minister oo-
ccicd 10 the production OK the information on the
ground that the question Is IN an undetermined STATE
and for that reason II would be lneXpcdent 10 grant
# The Government have not resolved upon retalia-
ton they have not decided the question out th1
INSPECTOR General gave II as his opinion that o All
modes Of retaliation the closing OF our canals against
American vessels would be most likely 20 be success
ful and he seemed to think would be worth while Ia
risk the loss Of canal tolls for the purpose oil making
the experiment. -,
The Queens birthday was generally celebrated
throughout Canada West. g.