The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-01-04

session VIII be Of avail The friends OF those Laws Will
POINT the popular vote aud exultngly CLAIM,
TIA, tse decided sentiment Of The city Of New York.
Whether the Police bill be right wrong, is matter Of
risiare sustained BY the coaT Of Appeals ana nov
recently ratified by the people. Ay attempt therefore,
To repeal during the Incoming session viii be fu:e for
repeal bin, and also that tweth:rds could be pro
cured in either House 10 pass the bill the Executy
city Of importance in the Sa,e With similar fills ia
electric diverging from the fountain regency
quy at Albanythere is mo prospect Of accomplishing
An effort viii be made in The Legislature 10 equaIse and
regulate the fees and perqustes Of several public offices,
b0 in the city and country Various attempts have here
oioFe been made TO bring the income Of Sheris County
Clerks and Surrogstes TO respectable standing The
constitution has made those offices exceedingly lucrative
Any holding either for ony single term retres
with an independent fortune; and when good luck places
the same individual in possession Of either office for
miiiouase But The most lucrative ooo ia this city and
perhaps in the whole country, in COMPARISON with the
talent and Industry required, is thai Of Register Inquiries
always foot with regard to the proprety Of in
vestigstne under oath the annual amounts which
citizens have been paying into the Registry Office for
searches &c. As there is 70 be change Of the principal
shoaid be promp IN making the necessary inquiry, in
order that Law may be passed putting the office Of
Register OF the City of New York upon equal footing
with other public offices which do not require any
labor greater OF legal business talent As
OF The gentlemen who recently held the Office will be
tie Legislature. he will undoubtedly be solicited aid
any committee which may be instituted in relation to tho
matter be alone Is competent 10 inform the Legislature
a the yearly income received by the City Register. and
hope nothing will prevent him from making the
posture and giving the information. -... t..I ll
The unclaimed deposits lying in the several savings
banks should engage the early attention Of the Legisla
tuTe From tho last accounts there ten millions
lying uncaed for large portion has lam there nearly
quarter On century ana me legitimate OBJECTS OF these
palace upon palace out OF the funds OF poor dcpOstors
The annual interest which accrues from those unclaimed
deposits is immense, and as the principal always de-
rived from the poor and mddng classes 81 society
legislative provision should be made whereby the benefits
OF such funds should 60 towards the aid and assistance oc
those in want and distress Some sort of Enactment
should he egased compelling the savings banks 10 trans
fer to the state Treasury all such funds after
asioa OF certain number OF years Tho State could
the interest for the purposes OF school education
annually dispense it to the most worthy and needy
charitable public institutions. The State trustee Of
such und could pay to righul owners, heirs
cuors, they ever appeared; if not, let remain forever
as public charity. What can prevent the dissolution OF
savings bank incorporation any moment when the ma
nagers may deem proper, after dividing amongst them
selves all the unclaimed deposits in their pOssessicn9
With the entirely different its treasury may
become impoverished, blu. It's liabilities whether to un
claimed depostors or any one else, by possibility
whatever become ENDANGERED annuled or cancelled,
less paid dollar fer dollar. II recolect right Dr.
irandreth when previously in the Senate made effort
10 compel the savings banks dsgorge did not sue.
eeed and he has not changed his mind we should Ike
to see him the effort the coming winter Should he
commence the agitation early he will be able, We hope,
to accomplish something Of the sort before the expiration
II country cousins who their seats in the Legis-
ature on the 9Th day Oh January will undertake TO post
themselves in relation the gambling in
Wall street, they may somewhat effect REFORM The
practice which has long prevailed in that moral locality
to buy and sell not only railroad and various other stocks
but also country produce cotton sugar, grain pork aud
hundreds Of other articles without possessing dollars
worth OF either, nothing but species of gambling a
thousand times worse and denorazng than cards.
roulette lottery swindling. legal restraint should
be put TO il at once. BIZ was introduced in tue Senate
man TO offer for sale article. whether stocks any
thing else, which not at the time, likely to
be. in HE own possession Such speculatons are as
hazardous lotteries dice enticing
sstless when fully entered into
Why cannot q law be enacted making msderesnor,
even felony, for any person selling stocks other
property repres. rtng be his own but which in reality
belong 10 some else and from whom auth rty
received to dispose OF ~ Why NOT prevent the sale OF
any stocks whatever unless they actually registered
IN the Of the person Offering them for SALE We
inclined to favor the dea that the provisions OF law
based upon these principles something SIM ar would
in great measure tend 10 lessen the amount "a stock
gambling daily and openly practced Wall street. Such
law, however, might be evaded better way, per-
haps arrest the Of stock gambling would be
lepalse all stock operations making dealing stocks the
dealing 10 any other article, and making all the
property Of the operator liable for his debts conr acted
the stock exchange well as in any other commercial
operation lss would soon compel the Spectators 10 pull
mp:
bank NJ institutions from making loans upon hypothccated
tocs, 20 more than fifteen per cent OF their actual cap
tal paid IN NJ banks not created for any such pur.
pose but for the accommodation OF commercial, manu-
featuring and business matters generally wisely
thought by the Chairman Of the Bank Committee OF tie
last senate that thc banks should be prohibited from
iolnng funds upon stock securities spccu.
laye purposes rsthcr than to persons engaged in honest
legitimate business transactions Iui gambling
socL obhers both bulls aud b,ars uon the Introduction
nj the hill went with railroad speed 10 the Capitol aud
with appliances they knew so well bow 10 use with that
prorigate majority succeeded Killing the bl Tie same
bill should I've revised rc-irroducd and uassed without
delay AZ these Wall street iokers constantly the
qt yre. they are likely manage to get Peter
Funk chairman of the hank committees both houses
when they may rest secure for the Sc .ion.
An sitempt was mate by'ssnSior Kelly Chairman Of
the Iap Committee TO separate banks Of issue and dis
count nom sTnrs INSTITUTIONS THIS Is copy OF his
bill .I
Ser J. shali mo- be awrol r any bank banking assoc..
ton Individual banker authorized crruai ng
csby 81 ts saie ad,ers or I'M forth SID
- : bs,s. .s9 ~ ,st. bsati,p ,n -,
dlrdns bsnSer %iish sail provision sssii
a,d sa cSgry lay such & be eoSnS s 70
heTsoi one s hereof - ne ass Il iS S1mp, Al. AM and
The oher h,f 20 me n Of The por 81 NE own % city N
IN s al sinr shs rrcygEt uoh bank hansng in,.f
thereon.
Iil- ohec, wa TO RESTRAIN b,uks bau,ng Institutions
rrd individual bankers from z.rung the title ~ vings
bank rcccy ne deposits - such. The bill secmed
meet he general ar1rohaon of the le,'s'oie uron It's
ir fnducucn in the Scratc but .oncr had become
printed and Is urtenis known lhsn srcug lobby q
bsnkersfrom thsctv Albany, Burlo Troy aud ohcrctes
appeared st the go sd hrc'h eir influence defeat
ID senator Rey'sbl Toras some banks may be honest
a aiorty make practice o. dieronning upon the poor
slen AMI women depss sui n ~ ~ panic pressure
Incredibly the rpor ftns~ tors driven from tho
bans rs they we've rece1ty IN every part VI the state
We hore. then b. see the sbovr bll rct iVc'l.
strorr Effort will be made by oombna'o n NJ the
railroad cnsnpanes 20 procure NE rcrcsl Of the s~ that
rc.tr ts Their through passenger fare % tvv cents per
nile. They allowed a. collect more thtn this
from al way passengers, AMI n The vlrts
This Invariably dore, cssnr much complaint from
rvbcly living the lines ~ tho rnsis taking passage
c,he- ttln rom euler lsrmini Were 10 restriction
wiscyer the price ~ freight. and the icufs tho
tne ~ the FIRE cspc ally hsye tor years COMPLAINED of
The IL parity in the price o freCb between through
shd freight And So with esengersthe lO,al ira
Weller rayr hall coat mile Than those hsnd
from New Iurk to nnnkr, RE- 70 may We that
some member Of the incoming Legislature posc,sts SUI
Ncictt meet The railroad lorts, aud demand
<rton e tolls bit scarcely bc'succcssfa There
have hem rany failures within the Inst hall dozen ses-
sous bs~ic. The railroad monopolists becoming
powerful. 10th IN the lobby ami The Legislature, every
session There Can be ~ Expectation that the roads will
Contribute another dollar iAwars tho cmplcon "
the csns may therefore be safely Inferred that when
the roed make effort ~ throw Oh The restriction 20