The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-01-16

Latest from the Capatuls ".
INSURANCE. ~coMfANIEs-sESArokIAL MECTiON-'
AMENDING THE INV YORK CITY CHARrER-MoNU.
MENT TO COL. BAxrEE--THE UsURY LAWS, ETC.
ALBANY, JAN Is 1855.
There quorum present in both houses this morn
ing, though the Assembly rather thin more than
third being absent and among them majority Of
the New York city delegation They ought to he more
prompt, especially they make the passage from
Thirty. first street to ,he capital in four hours.
In the Senate Mr. Field at the request Of New York
SENATOR (Mr Barn. gave notice of bill relative city
railroads. What its provisions ia not distinctly
known, as it has not yet been perfected.
Mr.. Spence said he should introduce bill to enable
the the Five Points House Of Industry par
cpate in the dstrbu ton of the school fund
Of the State. correctly drawn, such bill will receive
no opposition. rss1
Mr. Spence laid tho table a resolution insiructing
the Committee rsurapce Companies to inquire into
the expsdienry Of amending the general Insurance
law, as to prohibit mutual insurance companies from
tsur policies Of property out OF the judicial dis. rct
in which they located and to prevent companies To-
Gated In other states whose capital assets wholly
part Of premium notes, from issuing policies upon
property in this State and TO inquire into the expaden
cy of making appropriation to enable the Comp
trollsr 10 pay agents to insurance companies in
whei such conpanes refuse or are unable to pay
the expense OF such examination
The -enate in committee passed the Assembly bill to
fac tate the Senatorial election in the Twenty uiuth
oisuct There opposition, and the sence OF
Mr. &c wards friends is prssumptive evidence that the
Ieifon elected cannot reach mis- seat before the first
iutscay in February the day when the law stands,
the ubiied States Senator must be chosen The Know
No:h'nps have been ulled into fal.e security They
viii be awake from their somnambulism when the
enemy opens bold front when it viii be too late TO re-
sst the pressure.
In the House, Mr. O'Keefe Intends in day or two to
INTRODUCES bill amending the charter Of the city, az
to make appropriations direct and sxpeditious
manner than is now authorized By the T0opQn Coun-
Gil At present. III a larger dreJ
and fifty dollars Is wanted FOR any the
Of publication and other .sess and tedious waste Of
time, are indispensable. He purposes to amend the
charter a. to give the Council greater facility in making
appropriations hy means OF which several public works
suffering POOR and tc allow the present sympathy to
have vent to the partial relief Of the distressed
Mr. Waterbury has introduced a bill, providing for the
erection of monument to the memory the late Lieut..
COL Baxter, and other officers, who fell in the Mexican
dollars by the State, the to be erected In
Greenwood Cemetery where the remains Of those gallant
officers repose The money to be placed at the disposal
of the Governor of the state and that he take the
sary steps to secure ire cton The friends
OF the late Col Baxter rest assured that all possible
exertions will be used 70 effect the object It is feared
however, that the dis pdaed condition Of the State
treasury will be strong obstacle in the way OF procur
ing tire necessary means during the prese mt session.
The subject Of interest and usury is again in agta-
tiop. This morning. Mr.. Aitken Introduce bill SINH
lar TO the one before the last legislature These it's
Sec. !. No promissory note bill of exchange, whe-
Their accommodation or business paper shall be void by
reason of any paying receiving, agreement pay
or allow such rate Of interest the parties may agree
upon provided the time to of such promssory note
or bill OF exchange shall not exceed six months
Sec. .. Whenever, in any action brought such pro-
missory note bill Of exchange it shall appear upon
p, aiding, and proofs in the action to that effect that
greater rate Of has been directly indirectly re-
ceved, taken reserved than per cent per
num- and at that rate for longer time the defendant
shalrecoyer his full COST and the plaintiff shall
and be entitled to the principal, aud no more.
Sec 3. Any party having paid upon such pronissory
note bill OF exchange OF the description named in the
III st section OF this act than at the rate Of
per cent per annun back the entire inter-
est 30 pad together with costs of suit in action OF
law, provided the suit commenced within six months
after such payne mt OF interest.
Sec a. In all cases wherever the rate OF interest 10
not specified seven per cent annum, and at that rate
only, shall be charged, paid and received.
The fifth section repeats all acts inconsistent with the
above.
The question Of interest and usury is one which wiz
be thoroughly discussed by tie present Legislature.
The Chamber Of Commerce Of the city of New York arc
making move for free trade in money. bill being
prepared giving lenders the power collect any
amount OF interest agreed upon between borrower and
lender 20 that capitalists having ready money may dis
pose Of 1t to the best advantage merchandise Is sold.
VIII Governor Clark after expressing the opinion he did
in his message, sign the bill from the Chamber Of Com
mercer
THE Speaker presented wbatpurported on it's face the
annual Of the Inspectors of the State Prisons On
examination it found to be subscribed by only
of them, Darius Clark II was said General storms
name was attached but is ct there though Dr. Clark
says the General agreed to sign IT, Mr.. kirkpatrick
fused to attach his signature which that he in
to-day will be printed until the other appears: and
then the two will probably be at varian with each
other the people Of the State will possess just much
Mr. Augustus schel having taken the good advice of
the HERALD has called a meeting of the (late) head
hunle state committee together. The notice frst APP
peared in the Utica Gdsee which ntimatcs that be
the official organ The meeting is TO be held Congress
Fail, In this city, the 25th instant; Immediately
after which the important fact will be known whether
democratic I" fusion'' Is to be accomplished.
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