The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-03-01
AFFAIRS IN ALBANY.
The Swords Of the Late Gen. Worth
Secured to the State.
IMPORTANT TO THE MILITIA OF NE YORK
ATTENTION THE FIRST DIVISION.
THE PANAMA RAILROAD BILE AGAIN,
&C., &C., 80,
NEW YORK LEGISLATURE.
Senate,
ALBANY, Feb %, 1856.


ALBANY, Feb. %, 1855.
THE usURY LAws.
Mr.. SPENCER, in presenting tine petition of the New
York Corn Exchange asking modification OF the usury
laws, sad:-In presenting this memorial Mr. President,
am constrained contrary TO my usual custom in such
cases. to speak of its Objects and few words Of those
who ask to present IT, The petitioners ask that the
Legislature will modify the usury laws TO enable
borrowers to make their terms with the lender no.
hing more and sir, large portion, nearly all are at
ines borrowers, though there are, know among them
ome who have already acquired fortunes and unless
dustry goes unewarded and integrity and fair dealing
unbest there soon will be many SUCH Theie men, sir,
pass etenths it is believed OF the produce Of our
producing Western word-the bone aud snew OF
arrest any obstacle to their prosperity which may be
controlled impatient of restraint in any thing that tends
to shackle trade, they come here simply asking US
to allow them liberty to consult their own aud
the interests OF their correspondents in their nancs
negotiations as they do in their mercantile opera
tions and thinking themselves competent TO judge OF
their own interests. This memorial adopted at
full meeting during their business hours with but
dissenting voice. and regarded as the deliberate
expression that large Of merchants who are
gagged in and whorepresen the produces commission and
shipping business They do not ask TO have the usury
laws repealed but only pray that short mercantile
paper the legal rate of interest be such shall be
agreed upon between the parties and this is all they
ask. Having known the persons represented in this
memorial long and well-having met them and the IA
theirs of nost OF them many years in tbs great mart Of
say before taking my seat that while they enjoying
the blessing of prosperity, their hands are freely
tended to the less tortunatethat they among the
most liberal of our liberal citizens and certainly desery
ing of a favorable hearing in this matter.
REPORTED
The Steamboat General In corporation law.
To equalize taxation throug hout the State
To repeal the act corporations to plead usury
Mir. CROSBY introduced bill requiring the publication
of the acts Of the Board OF Supervisors
Bills PASSED.
A bill passed to allow resident aliens to hold real
estate.
To extend the provisions OF the code of procedure to
forfeited recognzances.
THR PANAMA RAILROAD.
Mr. Crosby moved to lay this bill on the table. Lost
1c to Ia.
Mr. CROSBY then moved to recommit He thought ths
bill hsd not received sufficient consideration.
Here Mr. c. cut oil by the special order, and
THE BARNHARDT CLAIM BILL
Was taken up, which discussed till the hour for
Executive session.
On the doors being opened, the Barnhardt bill
again considered. The debate continued till T..
NJ, when progress reported, and the Senate TOOK
till 4 O'Clock.
EVENING SESSION.
The Barnhardt Claim bill taken up discussed and
ordered TO third reading.