New-York daily tribune., 1859-01-28
FROM ALBANY.

which was rather sharply Stic,ed in THE TRIBUNE,
passed tie Assembly Yesterday with great una,im-
ty, and was recalled from the Senate o-tsy By
re solution of the Assembly with almost equal
upsnimiiy.
Geo. DrRYFA moved the resolution, ard re-
marked that be tbooght the bill bsi been paced
without due detsrsrion. ard had bearings which
had not been couprehepded by the Assembly.
Mr. MORRIS Chairman Of the Judiciary Com
mittee, could see nO.hiIg Objectionable in the bill.
1t left at the discretion Of the Judge the power to
enter a mol pros. on the motion Of The defendant,
ss the law now does on the motion Of the District
Attorney but if the House really desired the recai
Of the bill be should interpOse no objections.
Mr. SPRNCER thought il due to himself to say
that the bill in question had been drawn by Henry
l.. Clinton, ESQ., an eminent criminsl lawyer Of
New.York, aid sent t. him for presentation. He
regarded il as proper bill, presented 1t and ad-
yocsted s passage in good faith as SUCH having no
feeling or personal interest 10 the matter Whatever.
He still regarded il just bnd proper act; and even
if il were Dot So it could hardly escape after this
airing il bad received the sharp eyes of the judi
cisry Committee Of the SeDste, with Mr.. Diyen at
its head; but if the Assembly desired its recall he
was' not tenacious on Ia. subject.
Gen. DUKYEA had not the remOtest design of
impugning The motives OF his honorable frieGd, Mr.
Spencer. lie thought the bill one which would
operate yeJy unfayoraby IN the administration OF
Justice. and that it ought to be recalled. Ia his
opinion the effect of the bill would be practically
TO take the trial Of may cases from the Jury aud
give them TO the Judge. He did not think it best
10 dispense with the jury at presents and the fact
that the bill had been drawn by distinguished
crimisa lawyer did not specially commend 1t to
his Judgment. The resolution passed by decided
maiuriy Mr.. Spencer even not voting against 1t.
II C., no nf tho mi ara moi Vgt
maured but the feeling of the Legislature isInan-
ifestly against lavish expenditure. The Chairman
Of the Committee Of Ways and Means, Dir. Conk-
ling is az xousy looking about to discover where
be can lop of useless or unnecessary expenditure.
Nv impression is that tax Of one and quarter
mills will be required for the general expenses OF
the State; and as the Republican party is pledged
70 the completion of the Canals-a measure evil
depiy dictated by the true interests of the people,
if is quite probable that milltax will be levied for
continuing the prosecution of the public works.
In addition to these leves there will be, OF course,
the usual three quarter mill tax for school pur-
poses, making the whole tax three mills on the
dollar.
liz a few DAYS, perhaps tomorrow, very good
Registry bill alll be reported to the Assembly by
the Committee having that subject in charge, aud
the friends Of such law regard the passage OF it
as very favorable.
The candidates for Health Officer, Canal APP
priser Hsrbor Masters, Port Wardens, &c, are
quite numerous. but doubt whether any nomna-
tion for important posts Will be made Tor twoor
three weehs yet. The friends of Mr.. Benton Aud
tor of the Canal Department, feel saDguine OF that
eentleman's nomination for reelection, and prob
ably not without good reason.
Tie Lobby Investigation is st talked Of but
cannot learn that anything has yet been done IN
the way Of commencing serious inquiry INTO the
doines of that mysterious body. There Is a
~ .,f .latpAp nm he IA,
with a memorial strongly backed, IN iasor o
inauring into the subject of the fees OF The Shsrih
and County Clerk oi your city, notwithstanding
the Assembly tabled the resolution Of inquiry IN
that direction few days ago.
On the IetitOn of the corporators Of the =" Peo-
"ples Loan and Relief Company" Chartered las
Winter. a bill has been introduced into the Senate,
and was this morning reported iayorably from the
Con mittee on Cities and Villages, amending the
act in seyetal respects. Section ] changes the
pane to Peoples Loan and Trust Company.
Section gives the directors power to consolidate
the ,NstiUg shares SO that all the stock shall De
divided into shares of : 100 each, ana increase the
cspitsl stock from time to time to an amount not
exceeding two millions of dollars. Section ) pro.
yides that there may be hereafter % directors oi
the Company; and the present directors, VIZ
George BIicfs James S. Sluyter. Richard NJ.
BlatchfoId. Mathew Morgan, James II. Woods,
Andrew V. Stout, " 4 lam A. Hail. Pliny Free
man, Paul Spol,rd, George ;. Robbins, Andrew
Carrisap, Cyrus Curtis, Senry Crinnell, Samuel
Oseeod and Augustus G. Seaman, together with
Alexander W Bradford, Isaac U. Phelps, Chsres
NJ. Leupp " iliam II. EyaIts, Loring Andrews,
Dean Richmond James NJ Cook, John l.. Schoo-
craft William Kelley and LOrehZo Burrows who
are hereby added are to constitute the Board TIL
January. I-6O, when Il classification of directors
shall BE- made, by which one class of tve directors
shall 90 out. If not reelected, every year thereafter
Section 4, in addition to the powers conferred
by law upon corporations, gives the COmpah!
authority to lend money in any sums, on pledge
of personal security at the legal rate OF interest,
and receive money on deposit, with or without IN.
terest. not exceeding the gal rate. The bill OF
last wear permitted the Company to take per cent
on loans.
Sec. 5 requires that the Company shall provide
for the protection and preseryati Of the property
pledged to it by insurance for the average amour!
of loans made on pledge, for which insurance and
safe keeping OF the property pledged the Company
may make the charges customary In Sucn tranSae-
tions. 49,
Sec. 6 provides that sll property pledged for 50
or under shall be retained for one year, and on
larger sums three months. or for such other time
| as NAV be agreed upon; uniedeemed pledges 10 De
sold AZ auction after fftet days notice IN one or
more newspapers in the City of Ne~-fork; any
surplus Of such sale and the expenses Thereon, 10
be returned 10 the borrower, but the Company are
not liable for interest on any such surplus lAl nia!
remain for time unclaimed.
Sec IA amended 80 as to prohibit the Corpora
ton from dealing in goods, wares and merchandise
except in cases where such goods have been
| pledged for debt bot il msy employ IFS funds IN
| the purchase or sale OF | Lifted States or State
| stocks and IN other commercial securities (notes
! Of hand p Ii may also receive moneys ID trust
for de.o.t or accumulation AZ rate ot interest not
sd Ian