The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-06-02

Ncclary Mclean Miller Noble odeli, oKeefs, j. c. o.
Sss. Smith s'fs,. Ss...i s%iiS s y sai:s aiis
Zen TsSpps
yrnnisn Webb, Weeks, wsssover, Vest, WILSON and
NAY.-ie.srs Alden Ashley, Bemap Burnett Burr.uxhs
s Gas SSsS .na.s
Hutcbins Hutchinson; Kennedy, KneslAn O'Brsn Os
sfsTi1s s,is: ss:Sp: %:
Several menbers who hai expressed their preference
for the Senate pan they gave their the ar
native offered as an excuse that they did so rather
than have nothing to pass the House.
MEssAGE FROM TIN SENATE
Several messages received from the Senate; but
before all Of them had been disposed Of the House took
AFTERNOON SESSION.
VETO THE BANKING BASIS NIL
The Governor retuI the bill to enlarge the basis
banking with his Veto He had retained il in order to
give it fun and careful examination, and returned it
basis of banking by admitting city stocks This estsn
sion would induce desire the part OF city corpora
tons to create debts 1t would have th, effect distinctly
de thought that at the present time whea banking pro
fits were increasing so rapidly due regard for our
safety demanded that these profits should be limited
otherwise there must be revulson in money mar
ket soon. By enlargDg the basis we were increasing
those profits We were adding cheap basis, which
so as security and prudence would justify Banks
under the present law increasing annually to an
enormous amount in point Of capital and he deemed it
bazarcous to throw out additional For
these reasons be could not give his signature the BILL
WI hhNNhDi, (~hsy u NhyuBh, nOpeo tne Dill WOulu
pass, ntwithstandng the veto. lie thought the wants
of the IeopIe demanded it.
Mr. IIrIIEJouN said there not single reasonable
objection in the veto Of the Governor He feared nothing
from the passge of the bin The cities would not be
permitted 10 create debts except for sound PURPOSES
heretofore.
Mr. SESSIONS (whig) q Ohautauque, moved its post
ponement until Sext Wednesday at II O'Clock. Carried.
BILLS ORDERED To A THIRD READING
Mr. CIAPp reported complete the bill authorize the
city OF Buffalo to subscribe to the stock OF the Buffalo
and Pittsburg Railroad. ordered to third reading.
Nv tad ,,ata
towns in Cat'araugus and Wyoming counties to take
stock in the Attica and Allegheny Valley Railroad. Or
~ THE DIVISION OF rHn EIGHTEENTH WARD
NE SMITH (dem Of N. Y, said the bill had passed
and become law dividing the Eighteenth ward Of the
city of New York without defningowng to omission
by the engrossing cek-the boundaries of of said
divisions. He asked leave to introduce bill to amend
IT. Granted, and the bill passed.
NEW YORK LAW
Mr. o'KEETE. ldsm Of New York, reported complete
THE NEW YORK SCHOOL gill.
the New York City School bin
81, Mr. s. GALE !de% of r. hoped not He desired that
IN Mr. Taa,gs vhg G thought % Justice
The motion was carried.
The bill l then coming up for third reading,
Mr j. RosE, (dem of N. Y. moved to recommit 1t for
would be destructive to the schools Of New York He de-
sired that the schools in New York should be free in fact
a. wen as IN name de noticed in detail the amendments
to the bill which he thought, for good and substantial
rec sops, ought to be made
Mr. SHAW, (dern) Of N. Y thought the bill IN impor-
taDt one for New York CITY, It the result of long
conference and concession the part OF both free and
ward schools He wanted the bill passed. and believed
nineteen twentieths Of the citizens of New York de
sired it.
Mr. NOBLE (dem.) of N Y, desired that it be referred
He opposed the proposed amendments, and suggested
that sent toa select cmmittee with power to report
complete.
Mr. J ROSE accepted this amendment
Mr.. ST, JOHN (dem.) of New York had no objection to
fusion of these two systems but the Public School
system had fallen behind and now wished to be put on
equal terms with the successful system of ward schools
1t was the union Of rotten with living syst tenn.
Mr. HASTINGS thought that the bill having pa,sed the
Senate and been examined in detail there ought to be
put through the House without further delay He in
sisted that had already had closer scrutiny in this
House than many bills had been favored with.
Without disposing Of the subject the Assembly ad