New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1863-05-04
posed line was not obtained, thas the right 70 run
this road Was Q franchise, the hight Of which the

posed Line was not obtAiDedt that the night 70 run
this road was franchise, the right Of which the
Corporation could only dispose Of BY putting up at
auction and selling to the highest bidder; that the
grant was against the act Of 1860 which vests all
railroad grants in the Legislature; that it was ilo'
gal under The provisions Of the City Charter which
provides that no ordinance shall pass both Boards
in one day, except by unanimous consent, which
consent was not obtained in this instance. 1t was
also claimed that the grant was Illegal on the GROUND
that the charter provides that each Board shall BIZ
in open session. except where the public welfare re-
qures secrecy In this instance the doors were KEPT
closed there being no public reason for the sahe'
Ii was also set up that compensation or remnnera
ton had been provided for the owners OF stage prop
erty.
The imports at New.York for the week ending
April 80 compare as follows with those OF the past
four weeks:
re- as A 80 fgg 30 HR ssS 49, All 81 hPs
GEM Mdse. 2O7Ssl a272 $50 1851 500 %e747 3eS' so'
ro,,l..s7oia67l i6aa or ag95O90 2,7ls71 5,7so565
The aggregate imports of Dry Goods for the month
of April, we're
% S'l '3 rSS Wh rS,' Cs.iSs siss Sss'
Imports Of Dry Goods for four months from
January l, a
no, Il ISL se1 si hssa; sl lSes KS
wPn from Whsle. los<l47 367o'3 6'ee4lfo
Imports of Dry Goods for ten months Of the
fecsl year:
Total for mouth... s9sss'i.O ssis's.ias ssssssi''
The late Legislature amended the Banking Law
Of the State in relation to the securities required ior
circulation. This act lie as follows:
SECTION l. From and AFTER the passage OF this oct the seen,
rites hereBer to be d-posted with the surerntehdento
the BANKING Department for notes for circulation to be issued
any ccrpotson joints sssoc alton for BANKING pui
poses individual banker shall be stocks OF tins stat ano
ofhe rted States the following proportion that Is to
s.y not 10 exceed tvo,hds per tum In United State.
ols sna less than one-trd per centum IN stocks oil
thi ate be equal be made equal TO.
oess yielding interest OF the rate Of six per esntum per
aud the securities now held BY the Bank
ofth e. may be adjusted the application ofany party
conce, be accordance with the provisisn Of
SIZE 4 This &C, ,hsr take effect immediately
This cuts off bonds and mortgages. The sections
Of the same BILL drawn by the Bank Superintendent,
II. II. Van Dyck with view to harmonic the
State laws to the National Bank law, were stricken
out. There can be no National Currency Issued in
this State, except in violation Of State laws, until
the Corr, sha decide that Federal acts the laws
OF the country, despite State acts.
TIE Legislature at the close Of the session passed
an act taxing Moneyod Corporations in tins Sts'e.
The Revised Statutes define moneyed corporations
in these words:
The term Iponeyei corporation shah be construed to
every corporation Tor associson having backing powers or
having power 10 make loans pesEes or depo' OF
authorized by law TO nske ipsursncrs
Tho following 81 the act refe rcd to;
eorpor.ons ana a,socia hail be- liable 20 tar stion on
% capital aid