The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-03-14

cent dividend the capital stock, the fare shall be
duced TO four cents and In the TO three CENTS
also providing that the capital stock shall NOT be ncreas
ed without vote OF twothirds of the stockholders
made under oath 10 the receipts and expenses
There several legal points which the committee
have yet under consideration and also expected
change in some other features before reporting the
bill, which rs now understood that they win do some
time this week.
There is yet a great chance for Improvement in the
bill, n II becomes law. Many points that they
have loft untouched really among its worst features
which will be slightly aired when IT comes before the
House The richest part Of this controversy is yet to
come the apparent quiet upon II is but the calm before
The Post ofce site is also subject of much tribula
ton The Judiciary Committee have had one meeting
upon the subject and from the tone Of those the com
mittee can safely predict that when they have fully
considered the question they will report bill confirming
any site for Post once purposes that the present admins
which the friends Of the presen, site urgent upoa
'or shall have purchased This leaves the federal
firms any site n that t" they may purchase. IL.
IL be the present site, City Hall Park, some
other locality. II win certainly give the govern
ment enough and leaves the negotiation
fer the site with the citizens OF New York If anything
is pissed, u win be In that shape There law
our statute book What the necessity for any moro On
Mr.. vsran introduced bill last evening TO amend the
charter OF the city OF New York, that the charter
election sha be held on the same day OF the general
election, in November, instead Of December This Is
mertoricus question and one that should be passed
without delay The charter election being held one month
later than the general election subjects the city TO add
onal EXPENSE besides In nine out Of ten, leaves
the election in the hands OF the rough classes who carry
every thing their way, Time trouble and expense
will be saved by having the election In November and
the true interests OF the city advanced by It,
The Assembly was engaged all the morning, In the
Committee OF the Whole, discussing the bill 70 facilitate
he construction OF the Albany and Susquehanna Rail
road bill II was opposed, at much length, by Messrs.
Merritt, Herman, Ainewortb, Richardson and Benton
and favored by Messrs Bingham, Ferry Buckbee Rene
Dict Sanford Burt and Iittleohn.
Messrs Merritt and Herman may be said 10 be the ONLY
pereons who brought forward any strong arguments
against the bill The former tho ground that ID was
special legislation, and the latter opposing II on the
ground OF heavy taxation already The arguments OF
Herman ably met by Mr.. Bingham, who entirely
answered all objections raised by the former In clear
and forcble manner but the speech Of this morning was
that Of Speaker Lttleobn's who, although not having
made any preparation entered into the history Of the
action OF the state upon internal improvements showing
that has always been the policy OF the state TO aid the
development Of every section and holding that II
that policy which day made her the first state OF tho
Union, having within her border the first city on this
continent and destined 10 be the commercial centre
OF The world He then showed thai was by the assist
ance OF the representatives from the counties that arc
now asking aid for this road who stood by the
side OF De Witt Clinton and gave the casting votes
which carried the great Erie canal project and opened Up
mutual wealth. When that spirit had been
manifested by the representatives from Their
section, be held that 1t was their duty 70