New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-01-14


urcs tending TO augment the eeneais OF the prc-,s
Free Schcol System. Much remains to be accom-.
pn.hed for Education. Competent teachers and sua
eicut means to compensate them are requisite Len.
la,ive encouragement 10 Teachers Institutes ia the G
fercri Counties wss recommended These llsg,g.s,
BY meeting once year under the directoG Of Ia
Stste Superintendent would tend 20 increase the ua1
h and Qualifications OF Teachers and elevate the s.aA
ard af Common School instruction. Tbrce fold Il.
present STATE appropriation for schools eosldbs Cd
vanisgeously applied.
The privilege conferred by charter upon some twenty,
cur harkire companies in tins state gives them h,Ay
inpcrtsu POWERS These are the diseoantns q nosss
ana bils OF exchsngr receiving and ioanins depo-,
srd issuing and lending to Unlimited extent their ON,
rrcui,soyy ro,es TIE Inst named privilege eashlss
them 20 furnish currency for the eoSniry which Va
tusly snd for all ordinary purposes less tender. No
being restricted % the amount " their sses exees
/, then own vii. taey possess the power IN ssct
REGULATING the eurr1Icy and thereby the credit anil oaS
rSss opeI siiors If the community We have theresos
,urr,rder,d to them OF Tire most mpor;an, p-cro
tives G; sovereignty.
July Il Ct snlounisdto - 9s $40, with other nmeiiss
Hs iites o. sepositUrs srd others, OF nearly al eGu
amount, masking aggregate Of over i've snd shts M
hers Of ocllsrs, PAYABLE by them on demand. FoRa
thee. Iahiiits, specie = exhibited to the smoan, 4
SsS9 so or about OrssreRh OF The amour! inlletIA
IL due In GCciis however. they present al avslaA
funds which may be realized. consisting of stocks bore
and MORTGAGES u 81 Estate sui bile receivable an sy>
gate of = S4 s6O This sum- when collected and saa
10 the ca IN hand would enable them q d'schae
thtir CAT tsl stovk Upon the or,itnaiy y lcisieS
banking thew would be con.d 'red in an entirely sova
CCndti r. There l.. however nothing more falacsoxs
than tlese bank statements The least crclstahe AL
worst mSnsgod hank usually coUtTVc to make As n1r
snd rcisbe exhibit safest eni best conducted
institutions.
Ue,,Tofo-e saws n g Governor. have reconllneaid
thft he stc.klClGcrs a, wo the officers OF baaks
sbCuld be held polsibc for the ha0hcs 81 w
pcfst,rs There shCuld sso be some liin nNed Vgoa
Tie issues o. banks having some regard 10 tA.r spgd
stock sid srecie N hand u should be 'nade sP.sd
oftrse for bsnk officers issue notes beyond -pend
airCtnt. There Is no permanent gallery eSSeinia ns
adoption OF the regulation with rossrd % al
lsrk notes- Mef hsy shall eirs drls sscsftg i"r tsv
,esem,tioR In tbs respect al the banks o. tas stss
shouo at convenient pcIod, he placed upon she sans
ioCting. .,,.,,..,. ia.
will expre within two years Of three wthn 'oor years
ot to,r within xix wears Of one Within ton years. OF nre
wl in fftesn yc.s, Of two within sixteen years. ~ two
within eighteen years Of three wtnn nun, ren yeas
Of ono within twenty years, and ottwo wNhn Weag
would therefore recommend the passage OF Anst
10 a. these banks the expiration OF Their respect
tive chtrcrs End within the period OF ten years 70 or
ennize In accordance with the provisions OF the Sran
s~ts Tire fundamental ~ of last SO sion has
made great improy gmept IN our hshkhs system
Urdcr s cpcrs,ion many OF those bank h,t oote or
gsnized under the general ACT whose $3.50 1900
of lu,insrs were difficult at Scccss, ana "n'n hs', noe
1,,c and never intended TO de- "A b0Ed rae BANKING
business will be under the necessity Oh Wlh"'s up tr
ses!rs. Some of hem have already gNennouee lohx
,as,t Since the wear tsOi the commencement of bank
Inc priyil,pes In ewyeTsey, Jorfyfre bunk eharen
hayeieen granted OF these there are now put 'ress
for in operation. Treaty one have therefore e.aer
t,lsd or have not been organized Oh the slN state
HANKS chartered In 1879, two have failed OF The i've
bspks chartered IN 1923 four iaiod OF six in ls2t al
failed. of five m 1857, only one Is in operation. &css
OF the., broken banks whose affairs have been @etiet
In the Court OF Chmcery, exhibit capital OF S2JOIO
presented Tor redemption, s5752O and
dividend to creditors amounting 10 an average OF about
NOM one per cert. Ot ten other inscivcht banks sac
have not made either settlement or dividend, and the
staife Of tie remaining fur are sun unstued they
" probably pay average Of ncsi twenty per cent
Thee iuiurcs have chiefly occurred within period Of
hnty yeGfs. The total amount OF losaes substantially
The con nuDty o'nuot be accurately aeeftained " Tho
claims Of numerous CREDITORS especially bin holders for
Obvious reusCns, not presented TO the reeeiyerl
Tie nsccItnned Losses reach the sum Of Oae dada ha
raii0ns 81 dollars though H. highly probable they
not be far short OF double that amount These failures
gerersly affect thoee most severely who are the least
able to bear them TO guard against them Is the true
Obey.
Of rial MONEY, Will diminish the liability 10 monetary
fluctuations end bank uptcies The abolition OF small
bDnk notes under the value OF ire dollars 10 earnestly
a. pfomotiye of that object. ] would
urhor recommend aiser the expiration ot two year,,
he Prohibition 81 n.tos II lees denomination than In
dollars The abundant influx Ci gold from the Pscifc
would render II bot ouy entire ely safe. nut evident
y lCaiiblc Within the lat nine years hrse AhRddei
ifBsiI original charters OF incorporation have been
grant, and Nehy supplementary acts passed, amends
CRY OF such charter. The Incorporated capt. Thereby
authorized exceeds tie sum Of forty millions If doi1s
)t tie charters created, there were Fixiyve
aCturpg 6ud mining thirty seven for benevolent lite
sry scientific purposes thirty six for urnpikes tf.
two for docks, thirty for railroads. twenty eight for To-
urhnce sixteen for sixteen for plank rosds
sfn alpth atskl MI.
eges three for new banks hive for land companies and
ixty -iOur Tor various purposes.
The Governor also recommended a constitutional
ndment providing for the Election OF all State and
suniry oiicers directly by the people. He aso suy
,eseJ that one new paper Ia each County be designs
ed to publish laws passed by the legislature. The
tate printing for the past year il o.. 4i2 L. Gov
'crt recommends Tetrenchment OF LIS expense 10
estgatoL is recommended into the expenses 81 tsars
orta,on and cost Of conviction, which are s72O6ios
he poet year
the benevolent objects contemplated by tho erection
House Of Refuge may, Ia great degree, be attained
y the establishment OF similar institutions 10 counties
Fhege the humber 81 juvenile denqucnts are such
would render IL expcdicnt propose for your favorable
Onsideston, the policy OF encouraging the erection Of
"a RI houses IA connection with our County ias with
iow 10 the reformation OF youthful offenders"
The Tressurers for the pact year is in the az
resate, ss follews:
81 on hand Jan. l. 1889. SlSJ3 70
ttcePn dunDg the year .................. T,6s3 ~
'oiH'..- biIj,Zj1 ~
Of this sum there IL Especial loan Of $4,000 and the
emsinder il chiefly transit duties, tsxes on stock add
ig!deLds Of stock.
expended during the year. fl65se .
al6nce IN the 1renEufy. .................. 1908
i"'ei- s+.--.s..ss.- siijyTji
Included In the Expenditures Is the school spprophS
ion O: $4,000.
The expenses of next year estimated at sl3i'71
he income il set down 1T els, 1853 AZ. The adnas
ration Of he pri-ons has been eommendabe, sd
3 eco have been pu.d into the Treasury from tnef