The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-01-24

The Massachusetts, Senate on Saturday adopted
resolution instructipg the Committee on Banks and
Banking to consider the expediency of abolishing
all laws regulating the rate Of interest in the Com.
monwealth; or, that being deemed ineXpedient to
inquire whether additional legislation is required to
insure compliance with existing laws.
The City Council of Milwaukee are again con-
sidering the adjustment of their public debt. In
answer to communication from Mr.. Simeon ORA
per, of New York, the following was recommended
at a meeting on the 18th inst:--
That the committee hereby instructed TO propose
said Draper the following proposition vzThat the city
held by them, and deemed TO be perfectly good for
amount they call for as follows
ID mortgage on 40 miles OF the Milwaukee aud
Mississippi Railroad Observation-Disclosures. $500, 600
I'd mortgage on the Milwaukee and Chicago Rail
Cd mortgage on irst 10 miles Of the La Crosse
and Milwaukee Railroad, for................ $4,000
I'd mortgage on the Milwaukee and WATERFOWL
Railroad from Junction to Columbus ...... 200,0
I'd mortgage on tho Milwaukee and Horizon Rail
road from Horizon to Berlin. ........... l65 600
Amounting in the aggregate to. 81 $50 900
Provided however, that the bonds of the city issued
cancelled.
The Africa's letters report that Illinois Central
had been pressed for sale, closing at 40 discount
| Satterthwaite's circular of January says that
I" the market for American securities has been fiat
ter; buyers appear to be holding of, under the i'm
preston that they may come in more favorably.
United States per cents are half per cent lower
New York Central shares have given way two per
cent, and bonds are more freely offered Illinois
Central shares have been pressed down under con.
siderable sales to 40 discount, at which price they
close Sellers freeands are offering at 49, construc-
ton bonds in demand at 49, The dealings in New
York and Erie securities Except the first and
second mortgage bonds) are now almost if not en-
trely confined to those for which assents' have
been given in and for these there exists fair de.
mand. The want of response in New York to our
higher quotations for Erie shares has made the
market here for them much weaker; they are freely
offering at 10, buyers not bidding over 81
We read in the Albany Argus of Jan. 2l:-
THE NEW IssuRAScg BUREAU.
We have before spoken organization OF the de-
par.ment of insurance the nomination by the Cover
Dor OF William Rrres. Of this city. its Superintendent
Mr. Barnes Is gentleman Of ineg lawyer OF talent
and his appointment calculated inspire confidence in
the administration OF this important bureau even on the
part Of those who opposed the law under which !. is or.
garized.
Ths. the day OF the las, session. bit
was Tot to go ino effect I'LL the Of January instant
The superintendent is appointed by the Governor with
the consent OF the Senae) for three years with salary
OF s.. 5tc
lie appoints deputy aud necessary clerks.
He must give bond IN the OF $4,000, with two
surelies, for the faithful discharge Of his duties.
He has all the power formerly exercised by the Comp
troler Of the se relation TO insurance companies and
the formation thereof In addition 10 the reports relative
TO insurance. he s required annually TO publish the &C
count OF the expenses Of the Office number Of clerks &C.
He shal, with the approval Of the Governor, devise
seal OF his office and every certificate assignment &C.,
scaled with hi. seal. shall be received evidence, and
mar be recorded, the same Is deed properly acknow
LEGGED
The books papers and records relating TO insurance in
the Comptroer's secretaries departments shall be
handed over to him and remain In his custody.
He shall have room in the State House.
Every insurance company in the State and every
citation agent shall the following fees 70 the support
Of the department.
For filing declaration certified copy Of charter go 90
for Hing annual statement. 20 90
For certificate Of agency, &c. 90
For copy OF papers, per folio. 10
For aihSirg seal and certificate. I 90
the expenses of the department exceed this sum- they
may be ASSESSED pro rata upon the stock Of the
state and the Superintendent rered TO collect such
assessments and 10 pay them INTO the treasury.
TIE Cincinnati Enquirer Of Saturday reports
u. ~ ut SCENTS Of ~ Cincinnati Hamilton and Day.