The New York herald., 1862-04-16
Assembly.

ALBANY, April Is, 1862.
Mr.. DARCY moved 10 recommit the bill TO repeal the
oct to widen Main street, Brooklyn. Carried.
The whole session occupied In the consideration Of
the bill to amend the laws in Committee Of
the Whole, P. E. Havens in the chair
After long debate. the clause exemptng the taxa
ton Of all deposits savings banks and life insurance
companies which held solely for the benefit Of the
insured, was stricken out.
Mr.. LEWIS spoke against the nQuistoral character Of
that portion Of the law which seeks personal property
for taxation
Mr.. PHELPS opposed some Of the provisions Of the
bill which boar most heavily upon the COM
merce Of New York city. He moved an amendment
giving nformsrs, Of wrul concealmsnt Of real
personal estate half the legal tax received from such
concealed property.
The committee rose at hafpa one, whom Mr. ALvoRp
moved TO order the bill TO . third reading
Mr. PIERCE moved certain amendments allowing Offsets
real estate for mortgages held in this State and
personal for debts and requiring the returns Of
MORTGAGES property out Of this State
AFTERNOON SESSION.
After long debate the Assessment bill referred TO
q committee OF sine with instructions TO amend, insert
ing provisions compelling payment Of taxes mortgages
real estate by the MORTGAGE allowing Offsets for debt
real and personal estate bringing into assessment
bonds and mortgages on lands out Of this satehe
mittee to have power to report complete.
On motion Of Mr.. HuRIBuRD, the Supply bill taken
The report Of tho Committee Of Nine was taken up On
motion OF Mr. DARCY the bill allowing the Brooklyn
Coney Island Railroad Company TO lay rails Of less weight
required by the General Railroad law was strick
| en- from the report Of the committee.
Mr. SHERWOOD moved 10 strike from the report OF the
committee the whole bill relating TO negotiation Of per-
sona securities on short credit He said the bill was an
attempt 70 evade the usury laws, to great extent in
| New York.
Mr. pnKIs spoke in favor Of the bil as one Of vast
importance to his constituents. II was commercial
necessity In New York. They did not ask ~ interfere
their money any rate they pleased II was MOI
proposed 70 interfere with the usury laws for II person
the legal rate, seven per cent, there power
| more than that rate
Messrs. PEARcE, BENEDICT and SHERWOOD spoke on the
Mr. scuorErErD moved to strike from the report and
70 recommit the bill to provide for the appointment Of
Supreme Court reporter. long debate ensued Mr.
TRACEY opposing the motion TO recommt, when the pre-.
vious question ordered and the bill recommtted.
Mr. AIvoRD moved 70 strike out, and send 10 Commit
tee Of the Whole the bill 10 relation 10 County Treasurer
| After debate the motion was agreed to.
Mr. TRACEY moved that the bill be made the spccia! OF.
| der for Thursday morning. Agreed to.
Mr. MULLEN, on question Of privilege offered reso.
luton referring back 70 the Special Committee
Of tho report OF said Committee relates late
Colonel william Jackson, to take additional testimony
He stated II was believed that the Committee had done
injustice 10 the deceased Colonel Jackson and they were
| desrous OF making amends at the earliest moment.
Mr. PIERCE thought there wero other portions Of the
report that needed early alteration and while he was
willing keep this subject separate from the other he
yet hoped the resolutions would be amended give
| o review to the whole report
Mr. BENEDICT wanted TO know II the report would be
construed 10 extend TO tho existence Of the Com
mlltos.. He thought they were already discharged.
| Mr.. McMUttgN said the Commttoe had only made a
partial report, and could not therefore be discharged
| Tho SpRAEgR decided that tho resolution was not
| question Of privilege
Mr. Mc'IulLEN asked for unanimous consent TO offer
| tho resolution. Refused.
Recess till eight o'clock.
Mr. WnBrR, by consent, introduced bill relative TO
Unclaimed dividends In banks. ALSO bill 10 facilitate
the construction " tho Lebanon Springs Railroad
The BIZ 10 prevent the adultcfatOn of milk and pre-
| yent traffic in swll milk, catu1 % on third rcadiag
Mr. nAscy moved ~ rCcommit.