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

his pay Senator fsom the State he btieved anna a.
ture administration would devote 1t to benevoen
purpose: ,
insamuch as the real question Ia to whether the Law
should be confined to New York and Brooklyn or extend
| ed to the whole State
The question was then taken making the provisions
Of tho bill applicable only to New York and Kings county
and the motion so TO restrict the bill prevailed
Mr. hBcocx regretted that any objection should b,
operations to the cities Of New York and Bro.kiyn N,
out OF the city supposss that II is nseded the coun
try There is no institution out of the city thst has de
posites u be affected by ii.
Mr. VANDERBILT said the committee asked 70 con
scate the money of these institutions to the treasury
prepared He would rot consent that by Jeyis
latye enactment the money Of the poor depo ed for
more than twenty years should be thus diverted from
the place where they put IT, and from the cha where
they intended 1t TO flow. Senators from remote parts of
the State desire to make another draft tho southern
section OF the State Such draft not anoma ous al.
rady the southern cities Of the State pay hundreds OF
thousands OF dollars 10 deay the tho
common school system He nc. yet prepared vote
for such oonscation He had ye. learn tina. these
moneys bad cscheated and not prepared to vote on
the bill No argument had been yet put forth proving
thut these moneys bad escheated
sir BEtKSAH heartily concurred in the protest ag,ins
any further oppression of the city Re regretted to see
this bill which meets support In the t,st Informed cir
cles of New York 4mothered with the itudncss of e
thorc OF amendments He knew where sailors no
had been gone great many years, re-appeared and
Dir. VAN scHooNHosgs would like to krsw the distinc
ton between conhscation by putting the money In the
OF the New York Board Of Supervisory
"a Nr BkRKMAS-Chl the Board Of Supervisors of New
York Is at present very delicate subject with me- and
puIposely avoid making any allusion to them.
q Mr. COOLEY hoped the amendment of the Senator from
the Thirty first district would not be adopted
Mr. MORGAN believed of the provisions of the bill
very good. The committee seem to have decided that
this bill shall be local therefore becomes neces
sary to perfect II with view to It's local application If
the committee had decided to make it general BILL the
case would have been entirely different.
Mr. BABooCK denied the right of the city Of New York
n bui 40 t1,ar
or build a City Hall He could imagine reason for
this claim except that the money found in the city
the wreck was upon their coasts. In what country
in what States it known that escheat or the un-
claimed property is in its ownership confined to the To-
caty. Everywhere 1T belongs to the soveregn-to the
state What is proposed9 1t Is to take ii out of the
charge of bank who the money to make profit for
tho owner-nc-it is to say to the guardan-to the
quasi benevolent society holding it-that the State
ct could 1t be better applied than to the universal
OF common schools Tne must not be confined alone
TO the First ward of New York-o sectional locality
it must 5e general and be designated by the sove
reign, to whom alone tho unclaimed money belongs.
Nr. CCNGER, at length, defended the position he had
Who furnishes the city with the elements of strength
business Of energy but the country SCHOOL, Why the
country did not thus recuperate the city would die out
of nanton like the feuda aristocracy of Europe
would, confined to itself, produce series of horrid
images too painful for the age to dwell upon Mr.. c.
stated hat 1t fact well known that large of
money standing To the credit of who had died
long ago Where the deposits had made fifteen or
twenty years the officers in making mp their account
treat tLcse deposits il they had escheated.
Pending Mr. C.'s remarks the committee rose and re-
ported progress, and the Senate adjourned