New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1864-03-09
FROM AVE-
The Police Biil-Pnyins Interest ia specie
Alleged Legislative Trickery'
JoUcsl 0hccGt-
ALBANY. Tuesday. March {. 1854.
THE PoUCE BILL,

ALBANY, TUESDAY ndfcA g lthfs
THE roJCE BILL,
According TO all appearances the people OF the
CITY of Hew-York and Of the Metropolitan Police Dis
trct my be congratulated at last upon the prospect OF
o speedy and amioablc settlement OF the controversy
ybich has been GOING ever since the Inauguration
Of Gov Seymour as % the heads Of the Police Depart
rnent Tile Union AtscwJymou held q caucus Inst
evening and after list ming TO The facts and arguments
brought 20 beM upon the question by speaker ANord
mud others resolved with almost entire unarmlty 70
support the Senate bin Had the Assembly taken
vote on this question without preliminary caucus the
tesnt il is believed would have been dtcrcnt 80 d
Gou s it for country members TO get at the loal views
end feelings of the czcn- Of New York even ON cues
Sion Of this importance when made the subject OF such
persisten. Misrepresentation.
Tie unanimous voice OF the leading journals. which
by q happy coincidence came out Yesterday morning
hnitedy and emphacay IN favor OF the Dli' WIN ths
presence Of q delegation from the Chamber oi COM
IneFco, and Of other leading citizens Who peeeNrg o.
Che eleventh hour the gcncy OF the case, lei tuef
business uuIsriS and came Up here to set tle facts
sright before tho members brought about the result
over which We rejoice. Mr.. Aiyord, Gthough not
threw BIZ great weight into the scaie on the side OF the
only practicable adjustment and Lis speech IN tie
caucus MAS deemed conclusive lie was me TecP.eht
CHS morning OF spontaneous tribute o gratitude RON
Che delegation from the Chamber of Commerce and
other leading citizens who happened 10 be IN Albany
by whom be waited upon In body and who warmly
expressed their Of the importance Of bis services
IN the cause Of good order.
WILL THE BILL BE APPROVED
BanctiOn Of Pine Governor and he IS said To have de-
cHIcd within q week that he could not be expected TO
eanction the appointment Of two oihceIs-Acton and
Bergen-whom he had for cause but this is i'm
yrobab When this bill was introduced III the senate
En- its present shape. IT was after conference OF tGd
tng Democrats with the Governor and uuGor their PCS
five assurances that the bill would become law il
passed. aud not one Of them far he's receded from
Chat position. IT If barely possible that the Governor
nay have made up his mind on account OF the personal
essue between hmsefard the two gentlemen named 70
pocket the bill and let it become law by mere lapse OF
Sime but d veto is most i'm probable.
PAYING INTEREST IN SPECIE.
A very interesting debate took place in the Senate
last evening Mr. Bells resolution to abolish the dis
criminaOn in favor OF foreign holders OF state bonds
who receive their interest in COIN
Mr.. Bel said: Under the Impression that certain
ntocks issued by this Stale and held or the part
by our banks were sacred than any other kind Of
State indebtedness, over 500 900 have been expended
within the last eighteen months for premiums IN the
purchase Of gold pay interest on those stocks. On
Che last of March last assuming that tins state had
foreign creditors the Legislature Ia effect resolved That
ell its resident creditors should share alike IN the cur
cency and calamtes Of our common cOnLtry DIT thHl
10 foreign holders Of securities should suffer loss or
sncorven,cnce from the deranged condition OF our
fnauces and that the interest accruing upon mdi pOr
zion Of our State debt held by persons residing out OF
Che United States should be paid in Old To meet The
requirements Of this action, an Gppopraton OF sf2UVV
was made for the payment Of premiums III the purchase
At the opening Of the present session we were off,
Haly informed that the Stase had no foreign creditors
Chat ever dollar OF stock which the state ever issued
Mas made payable at the Office OF the Manhattan Compa
by in the City OF New Nork, and that no portion OF our
ocks were ever sent abroad for SALE but they ell
poH within our State These facts put an entirely
different phase this question. To our honor be IT
maid that ills State has under all crcums tances main
Gained high character and unsullied credit. We
bave all times met our pecunary Obligations IN
money or its equivalent. The resolution now under
oasideraton contemphtes departure from this rule
Had the stocks in question been made payable or neg0.
ated abroad the stocks OF OF the other States
bave been would not ask the adoption o. tes fesEa
dollar Of principal and interest should be paid In gold
eyen if 1t had TO BIO purchased at premium OF my OF
Mr.. Sbnfer inquired II tho senator meant 10 be IN
derstoOd that there foreign holders OF state STOCK
Mr. Bel replied in the negative. saying that about
nvo millions OF tho State debt is held by persons living
outside the United States but the point is the debt was
contracted in the State and is made payable here l,
might be different perhaps were the DEBT contracted
Through fore On agencies, 49,, 1,,,,,,,,
Srss atcm pting to establish distinction without d
ference it cannot be denied that when Foreigners IN
Vested stocks the currency was good and nobody
dreamed that il would ever be chahsed or
The principle sought 70 be established Wrong 10
law wrong in morals and wrong IN POHey 1befe ~
difference in the foreign and domestic hodeIs IN ms
shat the foreigner has voice in the selection OF ess
Sators or In the formation Of laws; aud whatever
ay do with our domestic creditors he held mat we ore
fegary aud morally bound to pay tho foreign creditors
Mr.. Bel denied this corterding that by the bond we
ore simply bound to pay IN whatever may pe 'ne i"'u
Nj COOK said that il the Senator from the 18th CMr
shefer) was right his argument would apply as wei TO
itzens Of other States who like Foreigners nave no
Soice IN the government Of our state; ,,,,,
0er ard advocated by Mr.. Ravens and MI Andrews,
ond Mr. Foiger and was finally made the special order
Cor Wednesday. at II a. III.
ALLEGED LEGISLATIVE TRIcKERY.
It's known 30 q large class Of your readers That the
Haren Railroad question is upon which both leg
fslatyc houses as well gentlemen OF Wall street. are
peculiarly sensitive just now Much excitement was
created, therefore. whom Senator Folger yesterday
moved tie reconsideration of the following bin which
assed tie Senate last week and Is now pending IN the
%sAcT 70 amend the Charter Lebanon Springs Railroad
tn. People ofs State Of Ner York repraen,ed in Senate
and AIs,pgbiy do enact a. JoiLgUs:
SRorios the Lebanon Springs Railroad Compsnys here
railroad tho Massachusetts, state line, declared In
h articles Of association to point WITHIN Ae Town
Greek in tue County Of Washngton and construc,
branch terminus at the Vermont State line at point Of
snctiou with the Western vermont hnlroad and also 70
construct branch with terminus in either or both OF The
Cities Of Albany and Troy and all the provisions Of the laws
OF this state conlerng authority ioi the construction
OF railroads upon companies whose hnes arc heel m
,prsusnee Of an authorize the formation OF railroad
eorporatons and TO regulate tie psssed April 1851
eDd ell provisions Of law respecting the Lebanon Springs
Bsfroad Company shall sppy and operate In tho
with the effect the line Of the said Company had
been originally dIed its articles Of association bot, 40 ~ the
line and branches the hereby authorized 70
be fixed and tie temiui thereof had been ts original terH
IN OF the consolidation Of the Lebanon springs
Pany with any other Company the provisions OF law con
feug upon the said Lebanon Springs RsToad and
any Companies connecting herewith shall apply with respect
90 such consolidated Company and any Company COnpa
mics connecting Herewith IN the manner with the
game effect - II enacted in respect thereto.
The said Lebanon Springs Railroad Company here
nv Authorized preferred such amount NAV
Be necessary for the construction aud equipment h road
and at such Of dividend and with therefor
- Il may deem expedient.
Senator TAYLOR stated that under this innocent 81.
eeror was concealed nothing less than the Immensely