New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1863-03-19
I --,N-vo,. and King. .hsn be void BY o

I N.vYork ard Kirgs. shsl be void ~ ree'on o.
any Psfns s sna a. ,Se parties may agree upon
So In all cases where the rate Of in'e'..' np on
ali continue to be 81 the ra'e OF "Pou
ned me e, ors wear and after for greater or e'
spv, or for longer or shorter me. l., o;s.a {, ,bc
SIC No create rate of interest than Is 'pec ~ nt
ond section Of TINS uct shall be charged on any luus
sfer tue date of the rendition thereof ienns.e y ,ss
II te ,So Couuties aud Kings OF tni' state as
named 10 hr.t section Il TINS act a.h
nav have been founded upon whiting 'upuA'ps hsHe
rate o. Sc much Of TIL. 3d. Chap 9Th and Part 3D. Of the
statutes aud much OF the Laws Of 1901 crap 49,
with tho provson' OF this act arc hereby IT,
s"ci 8. This act shall take effect immediately.
| The preiudce against any modification OF the
usury law is very strong here, and The bill is not
| very confidently expected to pass.
LONG ISLAND OIL COMPANY.
| Mr.. Murphy introduced bill incorporating the
Long Island Oil Company, to be located at Long
Island City, in Queens County Cornorators, james
A. Cowiug, Lewis ID. Joy, William L. Wordwell,
George G. Webster, and James Il. CowiDg:
Capital, $4,000. Object the manufacture of oil
and all other substances which can DO produced
from petroleum. coal lard and other dangerous
ma teri aso TO make marine insurance and insur-
ance against loss by fire upon any OF the articles,
when in its possession, or when consigned to 1t.
PUBLIC LANDS FOR AGRICULTURAL COLLEGES.
Mr.. Pruyn, Of the Literature and Finance Com.
mttee, submitted majority report, embracing two
bills relative to the distribution OF the lands donated
by the late Congress for the benefit Of agricultural
colleges.
sscTIos authorize. the Controller to receive from the
proper authorities Of the United States the land scp to be
for tn. snds granted to this State for the esg'hnea
college for the benefit Of Agriculture aud ths Mechanic
As and to live all for the scrip
| 30 received by him.
SIC prcvde, that the Controller with tho approval Of
hsuceor OF the University sell the said land scnp
sry pat thereof asd TO execute ali proper tIan's'
thereof But such scrip shall be ran'erfed until the
| ,sulo ,h.ll nave been fully paid for.
Size. empowers the Controller 10 maize such arrange
lie may deem most eIpedent for eneetDsa judi
eou. sale Of the land scrip all 'ne expenses to be borne by
| tic state.
Sac The money seeFnins from The sale to be invested
by the Controller With the approval Of the Chancellor OF the
University In stocks yielding not less than per cent per
snnqm and te money so .vs..d to cont tote peIrs'as
| ,1cept provided foI o. tonsf.ss.
| The second bnl provides that the revenue from
said investment shali be applied as iollows:
The part of said revenue shall b. paid semenuuay
10 the Trustee. OF the Peoples College pr0vded tina, within
ycas ,sd justices sha snow TO te Satisfaction # tue
Regents u Inc niy,!sity they posses, suitable
Nound. au4 HLl4 ling Tor The OF least 80
III. remainder Of sAd fund om time - time. 10 be
n,,d over A. tie esnt may a.t.rnno 10 such college. Of
his sus DO w.ng 10 comply "a .ae' Arrangements
to the rsquon the act Il Copst. soe.aG. giius pre-
ference =. fr a. NAV be- .ha
endowment. sct the passage the porpoc
advancing Instruction IA Agricultural and tic Mecnanc a,
MIR. Angel submitted u minority report by bi
whci pledges the entire income oi tins luna 10 the
People College until the Regents OF tue Unyersity
shalt decide mat said College, by endowment or
Otherwise lis fully PROVIDED ior, acd no longer needs
| assistance iron thls fund.
COMMISSIONERS OF DEEDS.
On motion Vt Mr.. Cornell the edv,rse report Of
the Judiciary COMMITTEE on the bill confirming Ger
tpin Com missionofs Of Deeds irre5uary appointed
by IA, Common Council OF Ae. orr, war referred
back 10 said Committee fOr tie purpose v. giving tie
CORPORATION Counsel hearing thereon.
ARMS AND EQIIPMkNTs fOR THE MILITIA or
TIIE STATE.
Mr. Smith introduced the following:
sKcTto, fne uIoIc puud.d Of 800 coo appro
ura,d In a6l, and ugch IA sdIitl.n tac
mac the sum oi $1,000 Eofsby appropriated a. follows.
The o.! t3uJ no hereby appfoJ ted
h. p-uded under direction Of the COE.nd h-f
Secretary Of ate. Alto Gen,r
and oatroe tie po.o 81 s1sc u4y aiming tLo mali
ii, AID providing fJT the putHc drrne
Ihe arms o, pmoat and AnnNons 10 20 dlsiIib
ned a. th. Colnmsncsf-in.Chisi sht direct
SIC Provide. that the Conu Chief shAl isy0r
ell Ls auacE tL4
that bond saail Je b. pdsn.
of Iscciyin. sscu Uqut aud
uitou. iof III. ,Ai.sespis ion OF so
,.n, ana tho the State
| .Lsneysr such Iet.sa shall % demanded
The the L. .lsla-
tug- III. and condition VI tue equipments. and
4 munitions Vi war procu cd unGsT this act.
s.i no moneys by tAis .hali b" paid
o tho Stat, Treasury except Tor ANS cqgipmsB sni
iiou. II war ec.usy IuCus,td or aired sDi delivered
nv . dltec, order " the Commsudsu-Chsf Liaute.
,.rnoT AID Control o. igd fof pui
| nee..d vi the pubic defense - they may spPfoye
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