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


INSURANCE COMP ANIEs- SENATORIAL LECTIoN-
AMENDING THE INV YORK CITY CHARrER-MONu.
MENT TO COL. BAxTEE--THE UsURY LAWS, ETC.
ALBANY, Jan. Il, 1855.
There quorum present in 9TH houses this morn
ing, though the Assembly rather thin, more than
one third being absent, and among them majority OF
the New York city delegation. They ought to be more
prompt, especially they make the passage from
Thirty first street to The capital in four hours.
In the Senate Mr. Field at the request of New York
senator, (r Barn. gave notice Of bill relative city
railroads. What its provisions is not distinctly
known, as it has not yet been perfected.
Mr. Spence said he should introduce bin to enable
the school Of the Five Points House Of Industry par
ticipate in the distribution of the school fund
Of the State If correctly drawn, such bill will receive
no opposition. ssa
Mr. Spence laid on tho table resolution insiructng
the Committee Insurance Companies TO inquire into
the expedienry OF amending the general assurance
Jaw as TO prohibit mutual insurance companies from
ssuirg policies Of property out of the judicial district
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
tror.'o pay agents to insurance panes in
where such companies refuse unable to pay
the expense oil such examination
The enae, in committee passed the Assembly bill to
district There was no opposition, and the silence Of
Mr. &c Yards friends Is presumptve evidence that the
LeIfon elected cannot reach mis- seat before the first
TUESDAY in February the day when, the law stands
the ubi'ed States Senator must be chosen. The Know
No.hDps have been lulled into false security They
viii be awakened from their somnambulism when the
enemy opens bold 'front.' when it win be too late 10 re-
In the House. Mr.. O'Keefe iptends in day or two to
INTRODUCES bill amending the charter Of the city 40 az
nass
Gil. AT present. If larger amount than tn Hundred
and fifty dollars is wanted or any pirpos process
Of publication and other eless tedious waste Of
time Indispensable He purposes 50 to amend the
charter to give the Council greater facility making
appropriations by means OF which several public works
night be speedily to the great relief Of the
suffering POOR and to allow the present sympathy to
have the partial relief Of the distressed
Mr. Waterbury has introduced BILL providing for tbs
erection OF monument to the memory of the late Lieut..
Col Baxter, and other officers who fell in the Mexican
war II provides for the appropriation OF Eve thousand
dollars by the State, the monument to be erected In
Greenwood Cemetery where the remains those gallant
officers repose The money to be placed at the disposal
of the Governor OF the state that he take the
sary steps to s erection. The
exerons will be used to effect the object II is feared
however, that the diltpioated condition of the State
treasury will be strong obstacle in the way of procur-
ing the necessary means during the prese session.
The subject of interest and usury is again in agta-
top. This morning, Mr.. Aitken Introduces bill SINH
lar TO the before the last Legislature These are its
provisions -
Sec !. No promssory note or bill of exchange whe-
Their accommodation or business paper shall be void by
reason of any paying receiving agreement to pay
allow such Of interest as the parties may agree
upon provided the time TO of such promssory
or bill Of exchange shall not exceed six months
Sec .. Whenever, in any action brought such pro-
missory note or bill Of exchange it shall appear upon
pl ading proofs the action to that effect that
greater rate of interest has been directly indirectly
ceived taken reserved than per cent per
mum, and at that rate for longer time the defendant
shalirecoycr his full COST, and the plaintiff shall
and be entitled to the principal aud more.
Sec B. Amy party having paid upon such promissory
note bill OF exchange, OF the description named in the
section Of this act more than at the rate Of
per cent per may back the entire inter-
est SO paid together with costs Of suit in action OF
law provided the suit is commenced within six months
after such payment of interest
Sec a. In all cases wherever the rate Of interest ID
not pced seven per cent annum and at that rate
only, shall be charged, paid and received.
Inc NIL section repeats all acts inconsistent with the
above.
The question Of interest and usury is one which win
The Chamber OF Commerce Of the city Now York are
making move for free trade in money bill ia being
prepared giving money lenders the power to collect any
amount OF interest agreed upon between borrower and
lender 80 that capitalists having ready money may dis
pose Of to the best advantage merchandise sold
Will Governor Clark after pressing the opinion he did
in his message sign the bill from the Chamber OF Com
mercer
THE Speaker presented wbapurported on it's face the
annual report OF the Inspectors Of the State Prisons On
examination it was found to be subscribed by only
OF them, Darius Clark. II said General Storms'
name attached but it is ct there though Dr. Clark
says the General agreed 10 sign H. Mr. Kirk patrick
fused to attach his signature which that he in
tends to submit counter report The presented
to-day will not be printed until the other appears and
then the two viii probably be at varar :e with each
other the people of the state will possess just
Information to be relied upon, as If neither made
Mr.. Augustus schell having taken the good advice OF
the Herald, has called meeting Of the (late) head
hunfer state committee together The notice first APP
Peared in the Utica Gazette which intmates that be
the official organ The meeting is TO be held Congress
Fall, In this city, the 25th instant; Immediately
after which the important fact will be known wnether
democratic fusion" is to be accomplished