The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-03-14
A F F AIRS IN ALBANY,
Important Legislative Proceedings
THE RAILROAD TOLL BILL-NAMEs OF ROADS Ex
CBPTED.

CBPTED.
From the Albany Journal March Ill
Inc Following is the resolution yesterday adopted BY
the House Appended to it is synopsis Of the bill
to add to the Tax BILL and to report complete to the
Resolved That Assembly bill No 1903 be referred back
to the Committee Of Ways and Means with
to amend the title to said bill sy adding thereto as fol-
lows: And relation to the transportation Of freight
certain railroads. and imposing tolls thereon And
to further amend the 1s section I'd line OF said bill
BY striking out the words; Gone mill and two tenths
further amending said bill by striking out the last section
thereof and adding to said bi substantially the prov
upon certain railroads. and that said committee report
said bill, so amended complete
Inc following Is the substance OF the bill
Sec. l. Provides that all the roads between Albany and
Troy and Buffalo together with the Syracuse and Oswego
Niagara Falls and the Iockport and Buffalo rarosdsM
shall return all freight transported them Except
geh %aa butter cheese and
been transported on the canals But toll is to be
charged on property over only portion of
dation OF any two or roads, then toll is be
charged on goods conveyed less than twenty miles
posed the Erie Railroad But no toll is to be charged
on freight not shipped at either terminus and delivered
Sec Freight the Northern Railroad is only to be
charged with toll when passing the whole length Of the
Sec Includes all the other railroads in tho State:
na compes the payment Of tolls upon all freight with
the exceptions named in the first secton passing
Sec g. Makes the provision in last section in
regard TO- any new road which may be built, running
parallel with any canal Of the State
Sec Authorizes the Commissioners Of the Canal Fund
to provide for the enforcement this law end declares
penalty Of $500 for each any road negects comply
Sec I. Provides that the tolls thus collected shall b.
long to the Canal Fund and shall be applied tho three
canals named in the constitution.
Sec g. This law shall not affect the baggage Of pas
unless piaas i exceeds ss 100 lbs in weight
sec. lO Ihe toll portion Of the effect
LIST Of May next.
This bill passed the House this morning
From the Albany Journal March 12l
Our synopsis of this BILL published yesterday was
wrong in one or two particulars. The fourth section
sections It only includes all the reads running parallel
Or competing with, the canals. This exception EN-.
The Hudson River Road
The Harlem Road.
The Buffalo and State Line Road
The Albany and West stockbridge Road.
The Hudson and Berkshire Road
The Long Island Road
The New York and New Haven Road and SO veral other
Thesc roads not being deemed TO Sin competition
in any manner with the canals not included
PASSAGE OF THE DEMOCRATIC CANAL SCHEME IN
THE ASSEMBLY
From the Albany Atlns, March 12l
The great of the session the bill to provide
ways and means for the canals passed by the As
Of lamentations here and elsewhere ''e anu ~ 'p''s
The wing dsorganizers had opposed all the propositions
to bring the public works out Of their present condition
had opposed the bank tax the railroad tax and the
general tax on property They hoped to defeat all pro-
jects ard SO get up canal hobby for themselves and
disafected democrats, for next fall But their leaders
and their journals had incaunously made noisy proes
sons OF desire to re impose tolls the railroads The
amendment and then forced vote on the main bill,
which stood as follows
dSn A%50T Barker ggman gagys
Pin csyp DshSrt Dubois, Emans, Finch Fulton Gale,
Hall inSTa I e%Ss M1Sara p a G
asfsa MsSas sas
;f'$H asrl?i s%h
s #sleh v4n xfaa
Ts5:,s
insen INGALLS, Layrencs LSaqhury Osborn Persons
sg r rsss SS aycr n 1sys Rose Stew
The bill it will be seen passed be the vote of 70 demo-
The Wings stood thus arrayed on this subject:
for tne canals ...................... III
Aga,ns' % them
Aoseht IL
The opposition, under the lead of Mr Burroughs at
tempted to delay and defeat the measure, by
disorder which was promptly checked BY the presiding
officer OF the House. When the vote came, however
their leaders did not dare to place themselves thus upon
record, and Messrs Clapp Burroughs Beman Lttejohn
Co wisely took of themselves and voted with the
democrats leaving their followers take the ground Of
open hostility to the canals.
Thus il the bargain made by the wings under Governor
Hunts administration repudiated
The new toll bill however is far equitable than
the law repealed in 1851. The bl goes the Senate II
passed there, shall have canal for hundred and
nifty ton boats and OF capacity raised sixty six per
cent We shall watch with curiosity but without fear,
how far the popular will and the public interests to
be rifed WITH for the sake of making apita for dis
solved party, how far a better sense Of public duty
| has governed that body.
FOREIGN BANK NOTES.
[From the Albany Atlas March IL
The Imposition which inflicted upon the busi-
ness community, by the circulation Of banks whose
precated notes issued in the cities far from the
place of redemption which partially corrected by
the legislation requiring redemption at New York city
Is now reproduced in form. The brokers of
States to establish banks whose bills circulated
| in New York and by clandestine concert between
brokers and bankers kept in quick circulation at
discount, mulctng the business community In loss of
one per cent renewed every time the bills reissued
Certain banks have advertised to take the currency
such tscountas, while it will enable them ito shayeu
the business part Of the community to advaI tage will
yet keep this bad currency in life until it is expedient
to let teatngush itself by repudatonits natural and
There is law against the circulation of foreign bank
notesremainng on the statute book since 1S39-which
/ is severe as to defeat itself
Hon. Russell Smith, Chairman OF the Bank Committee
Of the Assembly has introduced bill for this purpose,
We hear that in OF the Western States-Indana-
the last Legislature chartered banks of thirteen million
circulation, making their deprecated stocks the
basis, and adding stay law, by which bank Is
quired to redeem its notes till thirty days after
ton. Other States have followed in the reckless
path The BILL it will be seen, does not interfere with
the action OF such banks will receive this spurious
rency for the purpose of sending home for redemption
and only aims to break up combination Of brokers and
bankers whose operations in forcing out and drawing in
this currency, is felt like rasp o upon the
| mercial body.
We COPY Mr. Smiths bill which il brief and direct:
AN ACT 10 AMEND AN ACT ENTITLED IAN ACT CONCERNING
| - FOREIGN notes.
inc people OF the State Of New York represented In
| senate ana Assembly do enact as follows
sec l. section two Of the act entitled "An act con-
| ccrnng Foreign Bank Notes. passed Nav u 1899 Ia
hereby amended as TO read as follows II shs not bs
lawful for any incorporated banking institution within
TINS state or any association, any individual nd
yduals authorized to carry the business of banking
by virtue Of the entitled An act to authorizc the
business of banking" directly indirectly on any pre-
ence whatever TO procure receive offer receive
whomsoever any bank BILL note or other evidence Of
debt in the simitude of bank note issued or purport
ing to have been ssucd by corporation association