The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-10-15

Aas ers ssas sesemo at ne boow Aa Eod MOI bear ne
M U ss N y me GnoussI s ncvss sA1sd al ne
that the cashier IN this city had drawn upon New York
when he know there wn no money there 70 mes. tho
dIas and that the officer In New York had been obliged
70 90 into wall street. and raise money Il runous rates
70 prevent the drafts from going 10 protest. when
s Ssn Rs ss ss ,essis T
account 100000. He condemned the assignment
Of me trustees 70 part Of heir own namosr,
the trust under the circumsAnoes If the trustees were
indebted personally TO The institution 70 500 goo
esoh the creditor. had right % know hsw such indeSt
edness paid Nr. hal heard tina, they had bought
trust Company checks In the street. 81 my oenl on the
dollar, and used them q par in paying their own indebt
sa4S 600 in cash In the vaults and Whist he'd become Of
nst would II least pay moiey Of the Indebtedness
eps poor ma IN. ssG as abe
ret the interest He wanted the trustees 70 DO
held 70 q striot legal and personal responsibility.
FOR delaying action for few He wanted TO give the
trustees an opportunity 10 that they had acted hon
esty and % give them an opportunity to mako an expose
Amer Tome srher dscusson the resolution offered by
Mr. Morris adopted and the meeting adjourned 70 50
surdsy afternoon next, q 8 O'Clock.
NEW YORK.
GOVERNOR KING AND AN EXTRA SESSION.
From the Albany Argus, oot. IA.
We understand that populations from New York city
other parts Of the state have waited upon Gov
King urging upon him 70 oonvcke the LegAture In extra
he banks which have suspended are about % suspend
Il least Of aevasg the penalties imposed BY existing
We do NOT learn that the Governor was prepared 70 re
ply to these representatives
The power Of tho eisaure has been exercised
The legaizaton Of suspension. All that In
1887 was TO the creditors Of the banks TO remedies
by suits Ct law, the Of Individuals and 10 repeal
Tor me nme sne oaases N me pan. nw IosHog onaS
and dividing their asseis
Every bill holder had right to demand specie for the
refused sue for collect the BY execution But
the foYbearanso tie part OF the public 70 proceed 10
these remedies universal The banks protected them
sci, e. against By depo tors by inserting bank
books OF their customers the cause payable in The cur
rency Of ths Staethus holding The funds Of their cred
The bill holders bad their unimpared right Of action
and . few lawyers commenced suits for Thorn, whi,h
when this above fifty dollars carried costs with
the dtsposon Of the public Mad /, forbear
The question before the Governor, We understsnd II
whether 70 call extra session ~ once, or TO Avail fur
Their and more general suspension
dmcult 70 say In which way the Legislasure could
the Executive are, Of course, prepared 70 indicate the
mode and In which the banks and the people
70 DO bens hned.
fHE IMPENDING TAXATION
FROM the Albany Atlas, %. IL
The enormous OF taxation which The republican
Legislature Of last winter imposed upon the people comes
a. time when Il Ia difficult for the a1psy Of the State
10 meet The addition 70 their taxes 70 be paid out OF
farm proeucts at greatly reduced prce1 and AZ time
~hen money 10 obtained with the greatest difficulty Ia
mouth two tho tax herer will be on mis- rounds, and
every able nhabap. OF the State wA be compelled 10
pay State tax hundred aud twenty re per cent
larger than he cad last year In ether words toe sn'e
TAX last year was one MILL and this year viii DO two
and quarter mill
rhis increage OF taxauon IL the result OF departure
from the democratic anti run In. debt PONY rhs State
has driven In reckless oayeer to the verge OF
suspend payment. The canals are nnnnished-the work
them Ii suspended-the contractors are not paid Tor
their ab,r and 70 remedy all these evils, oven greater
AVIATION th that Of tie present year threaens us
In the nidn OF mis- STATE OF thugs Vol Tor the cleo
tore OF the State the face the Axsoa Shon they
must pay this fall We sccordnsy suojoin table sho~
log amount OF Sate tax paid yt asd the amoant
which ust be paid ihis year. Here u the t,b!e:-
TABLE SHOWING The STATE TAI OF 1906 ALSO rHE sA TAX
or 1857, COMPUTED The VALUATION OF 1855.
mot including the school A1 Of three quarters OF mill
an 1 FOR 1857, osd on valuation ef 1856 arr IS
increase under repub lean legislaton 1856 ~
We also lay before readers Rnoaer table showing
the whole taxation OF each county for this year Ta table
ooustru ,tcd the thai the town and county
q this year will be me Same ~ hose OF last year
They likely 70 be loss In this table We have ad'
the Ate tax, oontained In the above table, the
school and t,wn and county taxes, and shown In nnal
oolu the grand total. II viii be soon that exoeods
SIS 100000. When add 70 hu ne corporation and
school district tosss wAsch are paid 70 e ae zoe probably
s s az an sS0Teoae d""sdi Saso'0" " ~S 0Ak '00
l. MOI this state Of things calling loudly for reform
Are We NOT suffering Axfidden peoples And what par
ty but the democratic party b trusted with sse wrk
ever ise equal 70 honest and able sdmns
lrson Of The financial Affairs Of The STATE OF Aasou We
give The table, - followS:-
YAms SHOWING ENORMOUS fAxAnos or 1857, uctupso
sHooI 4 OF A MIL, CANAL TAX hILL. AND ossnRAI
FtpD TAX " MILL, EQUAL 70 Mrris, ASD rBs rowH
Anp COUNTY ASSUMED 10 M ras sAMs Az II 1856.