New-York daily tribune., 1856-03-26
NEW-YORK LEGISLATURE.

Mr.. BROOKS presented aremonstrauce numerously
signed by New York shipowpers and merchants against
the bill which makes It unlawful for any person or
persons to perform the duties OF port wardens OF the
port Of New-York, punishable by fine of $50 for
each ofense.
THE UsURY LAWS.
Mr.. G. Z. SMITH, Chairman Of the Committee to
whom referred the bill relative to interest on
money, reported this morning, stating that on the
sixth section which provides for repeal Of the laws
Of 1887 which makes the taking Of greater rate Of
interest than per cent punishable by imprisonment
the committee were unanimous; from the other five
sections Senator Noxon dissented, and Messrs. Smith
and Hall were agreed in recommending them The
following is The bill as reported this morning:
An ACT to amend tile chapter part Poi the Revised Sat
TIE People Of Ne State Of Nso York Tsprsssd in Senate
A"t@bir 80 enact az (oi9p':
SECTION No promissofy note. DRAFT. bill Of exchange,
r.. having more than eight nones to run from the execution
thereof shall be void by Of agreement between the
allow Of interest above 81 100 for one year and
i s cent for SS o nis % eSIS apSn , ss
note dram bill Of exchange, not having more than eight
time Of the execution thereof in sec
Of Act named it shall appear By the pssdags or
proof. In such action that Of nieres bsen
Or such Proms,ory note da or bill Of exchange tho plaintiff
without cost, Of sodon
note draft, bill Of exchange N section
named the maker thereof scepor indOrser shall tender
The smoeHt received paid allowed upon such lOm.Ory
noe GRAFT or bill Of Exchange with interest thereon at
tie rate OF seven per IL section first Of this ac
named. and which said tender shall be refused by such
upon such promissory note dan bill exchange
aTon T & & . II ss gsa s Of Ia
os has been raid received taken has bsen agreed to be
oeIohsnse than per then case plain
ts shall ell the and Disbursements Of The defendant in
trh action and which on notion may be set off against the
sEc The provisions Of this Act shall not extend TO- or In
authorize any bank posted company take
receive directly or indirectly cot sanun
81 interest ou any loans or discounts made BY any such bn or
Incorporated company.
sa SO oGS so us Of Of @ s ss ss s & s %
hcoDstent with the provisions OF this Act are hereby repeated
SIC Sections and Of the Lava Of 1881 chapter 45O
passed May TO- 1857 entitled AN Act prevent usay"
ksseby repealed
Mr.. SPENCER handed up a remonstrance, signed
By X. L. and +. G. Stevens, against the widening of
Battery place. 1t is proposed TO widen it to about 100
feet at Broadway and 2l0 at West street They say 1t
is not necessary to have the street wider at West
street than at Broadway and they obirct TO having
authority conceded to build piers or make public
BLarves in frOpt Of the Battery.
Mr.. s. also presented the petition OF Peter Cooper
asking for the passage of "a law which will forever
exempt from taxation the Institution founded and
erected by him for the advancement OF education.
This property is bounded by Astor place. Third ave-
nue. Seventh street and Fourth avenue.
Mr. RICHARDSON briefly and eloquently favored
the prayer of the petitioner.
MI BROOKS followed, saying that he WAS happy
TO answer the Senator from the With, (Mr. lyl
in regard TO the memorial presented to the b winch
would be introduced. Mr.. Cooper, with wisdom
worthy OF all imitation, hQu cnOsen 10 ENJOY curing us
life time the fruits OF his own labor and bounty He
had made preparation to endow noble scientifc iu-
stjtutiOn for the advancement OF Science Arts and
Letters together with such scientific aud historical
collections, chemical and philosophical apparatus me-
cbanical and artistic models books, drawings, pictures
statutes and other means Of instruction 1t wis meant
by the noble founder to unite the useu ana the Dcau
tul and in such manner as would give nee access
to the public and without cOs to visitors or learners
The gin already made one OF the most muni.l-
cent known in the history Of any one indl;
yiduak throughout the country. 1t embraced
eleven lots Of land in the very heaIs sndo ood oi
the city, and valued at sl75,0oo The sum OF s2oo,ooo
had been expended already upon building Tnen S was
constructed entirely Of stone and iron. 1t woua
REQUIRE SUN equally large TO complete the edhce ano
nut il in State of preparation for the purposes 1e
signed Once established, as designed by the wortny
founder the property would be worth nearly soooooo,
pd all The devise # one citizen. There has been no
nobler gilt than this in the history OF mankind & New
York might well be proud of such cltzen' ana o. eno
vreat work which would soon be the iru oi MS '@ooI
,d his wealth Ii was the earnest wisl of Mr.. Cooper
tbnt his name should not be connecte1 Win tiV l'1
futon which his wealth and generosity Would soTn
complete. He hoped the Legislature WGuiu ond
any such conclusion and insist that bo'h II name ana
,emembrapce il should be hOnOred in some way WIN
tbS noble donor Mr.. b. subsequently introduced the
following bl ,
AN ACT TO enable Peter Cooper c found Scientific lnsu
~ ton in the City OF New-i oTk. =, O,.o3
IN, Peopl, the State Of Ne York 'epreHfed " Se"ae ana
seTfos PeoT Cooper Of he City of New York hereoy
authorized to convey or de',G 10 'S Ss T G y With the ei
nee thereon enced with its sppudenenees oou.ei Ia | 2
As,orpsoe by Third av sou'h BY seven,1 hhinS
Iubc Institution III said city, for tio en- ;n,i6c IA
All Philosophy and Leersogeher wi h sueh sSieuIuo u
historical COLLECTIONS chemical and phhos1pne a
ucchAniosl ard artistic nodeie oooAs @ ~ ss' Sr tb,t
aes and othe! means o Instruction as may " ~ w ~
sFC Such institution shall the corporate name and
te Of The Union and its corporate existence sha .
see when the 'ld Peter Cooper shall convey OF devise
ssc The said Iust sion shall all the powers sud
t;tes and restrictions title third OF chap eighteen
part 6r of Revised Statutes except thai II S % la"
mi for said Institution organize and commence he
fio of i business time within tAee months Aiei such
CONVEYANCE devise shall take effect. =, - c.-.,
src Its affairs shall no conducted BY Board OF to1te
which shall CONSIST of thirteen members and DC composer
follows: -, Al. .i,.. h..
81 the Msvor OF the City Of NewYors and e President Of
the Board Education Of the City Of NewloTA s the us
being bv virtue Of their respective Offices;
OF the other ind vduals that may to deshaeu as
tees by said Peter Cooper In the written S;t o "he he
may convey devise the land and edice as aoIesau e
s Peter Cooper shall elect in and by said act he Aa also
b. Trustee Of said Board during his natural life NJ.
OF the be designated by the sac teet
Coope the two first uemed by him add designated BY le hu
befs Two shall hold fhoir offices until he mrs. gay
January the hrst political succeeding ths N wnch
rcnesuoe or devise shall take eject the next named and
by the uumbes Three aid -Four u TIE nIs asy
J.InAry w the second poi:oa the two next named ana
dSs,SnSt DIV the numbers FIVE and SIX, until the fr day Of
the third political yesr the Two heN
,used b, tue numbers and Eight auil the hs day OF
and desnatvd by the numb Nine and Ten nnt he ns Gay
OF January In the fh political yesr succeeding shs N which
ruch convey aIce o devise shall take ehec'.
Al the Iirai0n OF said respective terms OF Vu OF
during the such Offices sAI % heieaieE
ly fled in the follow u gIanncr: =,
person the Governor 4 this State may appoinii
The vsCaIcy ia the oce Of the IRstee nun Ger "e py su
person the General Society Of Mhanics and fradese3 IA
he City otNewYerk may sPPoai and IN sueh '~s ss 'hs
The vacancy ohee Of the Trustee number Three BY