New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-03-22
NETWORK LEGISLATURES.
Especially Reported Tor The n. Y. rreunsI

The question first before the Sensis was
ing with the report Of the Committee OF the WHO'S.
recommending the passage OF senator Patssn's
Ecclesiastical bill.
Mr.. HOPKINS again moved his smendment, whisA
seeks to prescribe the manner in which eschsa,si
Church Property shall be disposed o-for tbs benefit
Of the Common School Fund
II wss lost by the following vote;
yyAs-Ms.ss Barnard barr, " CLARK. Crosby. D,esis-
SAYsSG..a. Bishop. sr.diord brooks. BS'. bssfsrs.
Donssee rsls hs-y L,n.i's MSsIoei r1'n'"' ksS"s-
The auestlou wss then taken upon agreeing Win
the report of the Committee sh ,he following result
YEAS Nesp Barnard 8i.bop. Bradford BrOoss Rata.
Dsnforh tiele Hslsey dtehcoe.. hopAie. Lseaet Ass
Wsn'ps. Whitney YOs,--si.
NAYs-Me-.n Barr. w ClNk, Crosby, Dchnsoa-.
Mr. BROOKS of the Commerce Com ni,,ee, msds
a majcrty report in favor Of . moddc ston Of tho
Usury laws.
Mr. Brooks certifes Z, tho vas, responsibilities
the chief peiitioner-tbe New.fcrk Chamber ofCen-
merce talks of the bad effect OF the existing usuy
laws upon the morality OF trade; thinks the lss
drives .spits 10 places where Il can secure h,gher
rates of usance; calls il law Of the Dark Ages tells
how capitalists now sneak around the Law by putting
their money into the hands Of agents who would ~
soon break it as not, thus easing their tender con-
sciences and At the time securing the pound u
flesh; informs us that the moral sense OF every mm
must be shocked at the existence Of lsS which %
made to accomplish much Injustice to inse-
cent parties-s law unparalleled f,r its severn
~ in the history OF the commercial world.
and indicted by NewYotk Grand Jury.
And then Mr. Brooks wakes up Aristotle TO make the
Greek not modern Mickey gay something on the
tubject and anon cus from Mosess Z" Deutercs-
A." ony the peculiarly Jewish and I" native section
Of the Hebrew law which allowed the chosen people
to gather shekels from outsiders but not to lend to
brother upon usury Then Mr.. Brooks comes down
to the Ten Talents parable, which he evidently inter
prets into he that gets tho most s the best Cnns-
" tan matter of fact cent percent. idea tsst msst
be quite refreshing 30 those who have hcret fore euod
a moral nstea OF pecunisry Lesson in this psrabeA
Having said all this concludes that the States have
DO business to NEEDLE with cash ransa tons, becauss
the Consuton, which " must and shall be pro
served" gives the Feds raj Government the monop-
oily of coinage Thence he goes into slight exposure
OF stock gambling and explains once more how tho
U.ury laws are set OF naught by the sm, usurcrs 10
NewYosk City especially. lie Winds up with tho fol-
lowing resolutions
Ffm Thai in the inches. aud commercial c,ustr--.
Ike ENGLAND Holland, aud the re. ChJ Hanburs ~ en-
ample The rates II ntersst rule th- lo-e.t poss ra-s
the rs,e' o. ntec', have yarei the .i years pest IRON
two end = bali 70 sir per cent. -.
Secondly The highest rsrs Of practices. u'er-s rule "a tb
imprisonment the whol. d,es,
PnAeipa shs interest," moro than pr cent. received
Tor money. The rch buyers Of eight per eeat
north - Nsw Yors are the -asss .avee.. Of u.a .ss
TAvAy Money not ehsepened TO borrowers By ssrnssh
C.uy laws. nor can any Lerl.yc at in parmsnsat "a go
interest for the Of money Where there costsi To-
..SS r.ss II n.ss.t rSs hi 'svotsa So.sv oay
Zee to The sssi Q. ~. % .
lender
Fovy The rates Of money will slv.y. be seeO,das.s
the snseney Of The mrrs- and tho degree Of esnh
d-nce In business Some iue. will he snder per een
ard .smetims. shove aod frequently osned 81 % s.ss
a. i've. and sir and seven per cent but when mosey
scarce and the Of high the lender vii sses.
himself indirectly not directly Tor al fsss Incurred Tor s
use Of hs capital sne h without regard t. the rate hssa
FJAiy. " ID exception two, Of the too OF TIRE.
thousand msmorists peiuonEs icr repeal Of ne h~a
that the Modification The, prODc.s .a.tss s~ will re-
sslt Ia benetrns this class OF persons
Mr.. PRATT, Of the same Committee submitted
minority report. lie says:
Govenen, he. conferred no such rsr uPos ohss thaa
tbs, when hss b.sp ...bbes Tor H. b., , Is the ssasrs
sven By Goyernment mssHe whst 10 termed meaey tsx
The standard vaason necessary Tor al the opfsssas
between eTens Of e~n stats sBd bstseen
resn st.ts. such convenient ana
medium !. almost possible - con scture The ressrd
Of the world engd b. esnss u By the and
aud therefore dsy proper faaetisa
ooyernmen, 70 see ths' u 'hssn be erassd ssa .ep
the interest on money has much 70 do With
value the ismp which 10 eiven - II 81 the MIA stAefe
fore necessary that THE should be fixed snd ns lass,
% that no improper advantage should b tss.n bsnI rs
senes MEASURE or currency which Intended 'of ne oene'
Of all. a.
Mercy from the peculiar ysse which riysn 20 u ~ JOY
eminent 10 Indispensable % all sr5 Nj whips IN ns SOS
treatise On the Importance U,ary Lss. h,t %
other article be nsSed which ndpsssass 70 ths boz
Of senssquelty, 10 thn psTesn m'n'ys
" totally unlike anything eise 4" &c -.
Uuary been Ia force .rcient and modem mr.
IN smo. all the civilized Of the world sad no~
use in every in the Union. c.rns The ssPs
tred repeatedly potn Al home and a0etA
dses.e and has al most invariably resasd
Of interest yss- and most instsn'
exusoIdinarv extent, - vss tue csc 10 Wssoaan
1873. and a. II California At u. present time
The that .hese laws somsfines e'ed 10 on res
s:ains Almost all sn@s Of brossn All nor
wiih',sneg this TT,ses hy every sort fhu'Tsuon sss
Modification repeal vii IN tue end result Ia Tar n~s
s,Eioeent be sdoptsc Usy the sspas haas-
the hre.dy and svssic.ous
Another species Of srguueu. l.d ~ h@ sppesnr iof
uoc6s,.op Of these laws thss the bDsro ee.fs ~
Re believes thai u will make cheaper and s
plenty There u nothing 10 these laws y event money e<
aesrer IL prrpor-f0us b. leye that II TIE b1ros
paid be could 70 became Invariably soe
beam the hshes, price II toe met csealt 10 o> oo~
This utunsDt weak invention 70 ptss egTenl
these laws Seven Per ceat per snI
10 a. much " Be probably paid except 10 esaoSr
Psyh would soon pt eli oto re % . A. "a
lender, without the soility Of the borrower 49,.
pay. The Banss are the principal lenasns o. NJ. -. II
country they composed OF fair and respec ..
the eomosoiy A, SoIpersion, ey naITSass DO 90
possess 10 confederation Of vhieb hAs oss. ma
that they sbosld be restricted tn tie snnoun o.
they may the noss ID nsy $50 sp's go
rty a.ne.isd vltn the sts,s There seems TO % aos,
reason however vhy II the ur1ry laws were ~ snSaU
p..led thew .houll BE- expe aed They ooptsin 70 -
cradle degree, the .aress e'pa o. r,sI,s Lsnsft snd
sceoumodsiios fhsy bring dorm.si e.P's ia.s s~
use and found upon h credit which vnsn -. -
isfsS sdords area. facilities In the operations "
commerce. kevsrtbeles tnseHble ra snesa 80
them ana with the hes that have yet eeea - ~
sonsnes have rs0vsd ds,s,iou ~. nov 10 a. 90 ossA