The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-01-04

county counties and that the power Of such county
the officer having such process to execute the same he
may tbs application OF such officer or Of the district
attorney Of such county or one OF the judges Of the
county courts thereof by proclamation to b pubahed In
tho state paper ard In such other papers he shall
direct secArs such county counties TO Be in stats
STATE suah number and Of volunteer or upcrm
Canis other militia OF this STATE - he shall deem
necessay to for such term - he shall direct and
thsk proper"
The conferred BY the statuts upou Governor
and the erfs Of counties are 50 ample that in my
judgment failure TO enforce the law, in OF resist
ance justly subjects them TO csosurs The grant Of
rasrdipary powers imposes extraordinary responsible
vested in the shers can relieve them from osnsare or
prevent their removal from office Neither win form 81
compliance with the lag b deemed sufficient The o.
forts to preserve the public peacs and to bring offenders
justice, must b earnest energetic and psrssvsing
The constitutions OF New YORK requires that tho Gov
Of the State shan take that thu laws f h.
fully executed" This duty shall rigdly perform par
tcuary where the rights Of persons aad property
dangered BY violent or lswlsss procesdings-
that in the referred TO his duty psrfo med
vigorously and successfully, and the alleged offender was
The number Of banks and bsnting in shs
State of Mes York h a24 There we're 40 ne, iustitu
tons established last and ~ snes Decsmber 1884,
ADDITIONAL capital created last year tl4 4s4 $780,
swelling the invested in bAnhia to s76 This
far beyond the Proporo sate
time when the importAtions Of gjM from CAiioraia,
and other meet portion OF the demand for
circulating medium. great number Of banks have
recently created In the different states Of the Union.
This extraordinary expansion Of currency indicates
highly speculative condition of financial AFFAIRS which,
unless checked in due season viii tsrniaats cisas
trous revulsions
deemed 1t my duty 10 return 10 the last Legislatsrs.
with my objections to its becoming las bill which
proposed to admit the stock Of cities under certain
sotons TO Be received BY the Superintendent Of the
BANKING urities for the redemption Of
bills for circulation
The consultation Of New York makes It the duty Of ths
Legislature restrict he Of municipal corpoi atoms
TO borrow money contract debt and loan their cree II
this bill should become law, II would dc nAnd
for The sochs Of cites aod largely TO tasr value
arket and create intuosment ON the part Of muni
cips dsbts and II therefore clearly
In conflict with the purposes Of toe constitution.
1t 10 alleged In favor of allowing the debts Of cities 10
be used bAss for banking that the socks Of this
snd II the United States cannot 10 obalaed unless
large pr. p.i for them II Ia true thess stocks
bsh prices In the money markets Of tbs world
but ihey sell for NO more thar thsy ntrasioally
u They be obtsissd ~ their martet valss and
aboueh they Day directly bat all interest 70 tAs ho-
srs ths proAs o( hankine ~ this tns great that
thsy nozs tam sompsaats S ~ le q Interest - Tie