The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-01-25

NEW YORK LEGISLATURE.


ALBANY, jan ~, 1893.
lrulIous rUBucAnoSs-NEw coAaos COUNCIL
Mr BEIKaAS introduced bill relative TO belous pub
caons in newspapers Also relative to the powers of
the Common Council of New York.
cANAL-TKg ERICSSON VESSELS.
Mr.. CoNGFR gave notice of bill to provide for the
argement Of the Erie canal and amendment of the
stitution.
Mr.. VANDERBILT gave notice Of bin to amend the Gone
raj Steamboat las include the Ericsson vessels
The bill introduced relative Savings Rrrs was ta-
ken up IN committee.
Mr. CoSGER said il was time to arrest an evil when in
the porch OF the temple OF abuse. lie could not and
would not consent that the two millions of dollars which,
iti well known is the amount of unclaimed deposits
the savings banks OF the city OF New York should be dis
tuibed He would agree that this fund should be
handed 10 the supervisors of the city Of New York
TO be used in payment Of their poor expenses Those de-
poits orc made BY persons who about to go
under other circumstances leave the city and never
return. The supervisors OF New York ought to
the charge OF this fund 1t should be placed where it
could enure to the benefit OF the schools Of the
State
Mr.. WILLIAMS said the question seemed to be whether
the Comptroller the supervisors should have charge
this fund Now, it Is well known that supervisors are
elected annually.
Mr. CooiEy-l hope Comptro.lers are not fixed per,ua.
nently.
Mr. WuInSs-It is said that even the records of the
supervisors of New York could not be found. At all
Common School Fund IL the most proper De pository
Nr. COOLEY wondered amidst all their amendments,
the gentlemen did not 10 strike out the en2cng
causc The action foreshadowed design to defeat it.
lie could only say the taken conss stency
NTH the narrow, contemptIble,. sixpenny system Of
fnasoe which il IL proposed 10 inaict tho State
MIR. BARTLETT believed that the proposition to dcposte
with the Comptroller would be fouad, examination,
most beneficial
Mr. BAHcoCK proposed substitute for The sixth Sc
vent and eighth sections OF tae b the provisions
which he offered when the bill under consideration
he In half faII
orally said Of the New York Supervisors who we're in
TACT the Aldermen, they could not be considered the
best trustees in the world for this fund The policy Of
this State should be prevent such Accommodations As
TO their present cuatody 1t should be whore the future
claimants il any we'll founded, snould arise, might be
put in condition where they could their rights
hr CooIEY hoped the amendment to make the bill ap-
pcabe only to the city Of New York and Kings county
would prevail The other parts Of the State do not nee
such restrictions He did not believe dollar Of surplus
revenue would be paid over. but the proper gua ds
against any such contingency that might arise should BE-
Mr. vAN scuooSuoyS hoped the question on this single
point ri ght be taken After the Senate should settle
whtther the bill should be confined to the city OF New
York and Us immediate locality not the details of the
bill can easily be taken.
Sr TABOR proposed a series OF amendments, changing
the blu so az to make II applicable to the city OF New
York and Kings.
Mr coory pointed out that the amendments which it
proposed 10 make in reality tended to make the bill
half local act aud bali general one ThisNs an error
and the committee should rectify IT,
Ar EABcocK suggested that there was nothing ncon.
gruou about NJ this There provisions in II which
were justly applicable 20 all savings banks, snd It might
ALL provide for the Of the banks in New York.
Dir WILLIAMS WAS very desirous that bill OF sort
should be arranged for these BANKS TO regulate them
Since tbis kind of bark brought into existence times
have changed II seems desirable that in To-
cnlties investments should be allowed beyond what was
originally fxod larger scope to be given for the in
vcstment so that more profitable may be secured
to the dcposor The unclaimed deposit ~ escheat-
belonging to the State There i, in this distinction
to locality and believe that the surplus In each
case should be subjected to the rule Hc thought
agenera bill could be framed which would accomplish
all the objects desired.
Mr. VAN StHooHHoyE, said was not question of cour-
tesy comfy towards the city OF Now York II WAS
question Of great public policy to what should be dor
With unclaimed deposites. Either those belong to the
State to the depostors He believed to the latter
They will accumulate they will be expended In the
ton Of buildings OF needed useessy expensive or In
other way Why should not the benefits of the 50
surplus deposites go to the depositorsY anything
be made out of these institutions let the eposors
the benefit Of IT, He had the first out Of
the hall who had advocated the policy Of depostng the
surplus funds with the supervisors The dcpostors are
not all residents Of New York, but wander In their
hotels changing their residences There IL
cessity that their money should enuro to tho bcne6t o
the city Of New York alone
Mr. WILLIAMS would like 20 ask the Senator u he hap
pened to leave his bank dividends unclaimed h he
would like TO have di, ded among the other stock
holdersf
Mr. vAN stHooSHoyFN had not the happiness OF being
interested in a bank, but II he had and TO neglect
calling for his ldend he had doubt II would, In
time, b DIVIDED uP II be should not happen TO call fol