New-York daily tribune., 1856-03-21
NETWORK LEGISLATURE.
From Our Own Reporters.
SENATE. ALBANY. March 60

Our Own Rep0rters
SENATE. ALBANY, March 20.
THE NEW BANKING LAW.
The bill relative to Banks, Bankers the Bank De
partment and the Bank Fund, was taken up tor con-
sderation in Committee of the Nnoie, anu unuci"ent
q searching examination.
On motion of Mr.. WADSWORTH 1t was so amended
in committee as to provide that mortgages wnich
banking associations or indiyidual bankers sha mere
after deposit with the Superintendent OF the Banking
Departnent az security for the redemption OF crcu-
latino notes issued to them shall be only upon l-
proved, productive, unincumbered lands, within tne
State TO an amount not exceeding one-hai the Value
of said lands independent of any buildings or perish
able improvements thereon Ii will be seen that this
amendment permits the reception of mortgages on
city lands banking basis instead OF only farming
lands, as the bill has hitherto provided ior.
Mr.. SPENCER announced his intention OF moving,
in the Senate to substitute the words for farming
purposes" which, if it carries, will exclude all mort
cages city property
that banks returning their notes to the Superintendent
for destruction may mutilac said notes previous 10
returning them by cutting out the signature OF the
President.
make quarterly statements of all its transactions TO
the minu,,st details was stricken out, on the argu-
ment that the statutes already require sufficient details
from the banks.
arrive AT decisive conclusion as yet with regard to
the merits of the various sections of the bill, motion
10 report progress prevailed.
THE PARTITION OF LANDS.
Mr. KELLY introduced bill which provides that
whenever il shall appear to the Supreme Court on the
application of any committee Of any IDIOT, lunatc or
pen mentally Incapable Of managing bis AFFAIRS hold
ing any real estate in joint tenancy, or IN common OF
in any other manner, to authorize his being mace
party to suit in partition, that the interest OF such
idiot unatc other person as aforesaid or of any OF
the parties interested IN such estates requires par
ton thereof it shall be referred to referee to inquire
into and report upon the circumstances and upon the
coming in of the report, and hearing and examin
stion OF the matter the Court my authorize such CON-
mttee TO agree TO partition or sale of such estate
and to execute releases cOnveyances Of the night OF
such lunatc idiot or other person aforesaid in aud
to the share of such estate falling to the other JOINT
tenants or tenants in common, or purchaser or pur
chasers.
WHARFAGE AT NEWBORN.
Mr.. BROOKS presented a petition from several
citizens of the City of New-York, setting forth tha
The rates Of wharfage allowed by law are insufficient
TO support the wharves, piers and buikheads; that the
laws make no provision for the payment OF wharfage
rates upon nny property landed upon said wharves
differing in that respect from every other considerable
commercial city; and asking that moderate wharfage
be allowed to be collected on property landed on said
wharves, and that the rates now chaf5cu upon sDPs
ard vessels be reduced
The Senate bill for the better preservation of notices
of his psRdens in New-York, was announced from the
Assembly, with amendments
The Min-Tsx bill was made the first special order
Mr.. KELLY in the chair ,,
The bill 10 facilitate the determination OF the Vahu
ity OF taxes and assessments was taken up.
Mr.. WADSW0RTH moved substitute, whlch
simply provides tha. taxes if deemed Illegal, may oe
paid under protest. and if proved, may recover the
same, with interests and costs.
Progress then reported.
The Mil Tax bill was then taken up, and
Mr.. RICHARDSON moved TO make il a mill and
quarter.
Mr. UPIIAM would not impose greater tax than
the State officers asked for.
Mr.. NOXON argued that it was quite likely the
State officers and the Chairman of the Committee of
Ways and Means in the House had fully investigated
,b;s matter while the Senate had not. Consequently
tbev knew best what was needed.
Without taking the question, progress was reported,
and the Senate adjourned
ASSEMBLY.
TIE House In Committee Of the WkQle, t02k Up ths