The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-03-02
Latest from the State CAPITAL.

ANOTHER ONSLAUGHT ON THE TREAsURY-CALL ON
1HE MANHATTAN GAS COMPANY PROJECTIONS TO
HOLDERS OF BANK BILLs-TOwN SUBSCRIPTIONS TO
BAILROAD6-GEN. woRTHs swoRps, ETC., Erc.
ALBANY, March i, 1855.
The treasury plundereri in unparalleled activity.
The time has come, they aege when the legislature
must be pressed to their claims they may fail
for the session. The less money there is in the
sury the more stringent the money market the greater
depression in business Of all kinds the more active in
solent and importuning the harpes in the lobby
The claims for canal damages increasing so rapidly
that members of the Legislature scarcely find leisure
to attend to the legitimate business Of their mmed late
constituents that Of the State The whole Of the day
occupied in both houses upon bills of this charac
ter The Legislature ought to institute commission
for this purpose and not spend days in discussing the
merits OF those constantly increasing demands.
The Manhattan Gas Company, of the city OF New
York, asking for Increase two millions to their
capital. They wish to greatly extend their mains
through the upper part of the city but accom-
plish unless such increase s authorized Il met With
an opposition stronger than was anticipated Some Of
the members from the city offered clause the bill,
compelling the company to furnish gas for 81 per thou
ssnd feet. This contested strongly The mem
bers appeared astonished at the large amount add
tona capital asked for believing that two millions of It,
self would be sufficient to organize new company
upon. Others stated that the company was now ex.
ce.dngy wealthy, its stock bearing thirty or for
ty per cent PREMIUM and that they have surplus
of profits on hand amounting to larger than they
ask 10 be added TO their capital, which they could
use for the extension Of their works Finally resolu-
ton offered, calling upon the company state the
smount Of surplus band, the market value OF tie
STOCK and the prices they receive for gas Tue Pr.s
dent Of the company was in the Assembly Chamber,
sitting along side Of Mr. Batchord when this resolution
Of inquiry submitted The friends Of the company
in the House. objected to the consideration of the in
quiry to-day but to morrow that vegs will exist
when the company will be called upon 10 report.
Beth houses have passed bill TO protect billholiers
from che avarcous grasp of receivers IL enacs that
much Of the securities in his possession may be
70 redeem the circulating notes OF banks failing
themselves TO redeem and which may go INTO receivers
hands Perhnpsit 10 well as TO give copy Of the bill
IN amend Section II Of Chapter 6 ofhe Lars 1919
Tho People state New York. represented in SEN
ate and Assembly, do enact as follows.-
Section The eleventh section OF said act shall be amend
cd to read a. follows
Sec II. Every receiver appointed according this
after giving security shall take into his possession all the
property efeca book papers, accounts and demands Of
which have been deposited with the Superntcn
beong such corporation association,
81 the Bank to redeem the
cuatng notes of such corporation association Ne shall
Immediately notice by publication in such newspapers
the Superintendent Justice Of the supreme Court
saa direct requiring the creditors Of such corporation or
asocation TO exhibit and establish their demands before
Tim within thirty days from the Of his appointment
uuaer the third article title Of chapter
eight aud part third Of the Revised Statutes
other respects except herein otherwise provided and all
conferred by Law trustees OF nsolvea
debtors may and ,bs be TO all The
rati, NJ except herein modIhsdr
SEQ :. This act thAll take effect Immediately
Senator Hopkins presented bill Of Importance in the