The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1864-01-08
NEWS FROM TIVE sTAYs CAPITAL.

TAs Hxcitemeat &c the state Oaoitar
.>bated-The House Comgasttees--Paa
sa.-e OF tho Resolution Am ending tns
oo.,.. stutton to Permft soldiers 20
yota-r,%e Police Commfssionera Bill
vgha a.. to Compose the New Polace
Board-Rep>'rt OF tine sank saperAn-
tenasmt-Tns state and National Bs lk-
~. svse.me-Nhe Attempts or sccretaeg
Ohase 70 Compel an Abandonment on
tine stata Ranvks Condemned. &c.
ALaAsy, Jao. 7. 1874
IN, exc,temsot ed With the organizations OF tbs
Legislature hassdied out ava the crowd has d~ppafeo
The organization OF the Sena> ID compe<ed Notbins III"
been done by Speaker OF TIE House yet 10 reeenee
10 tna committees Mr. Alvord is nov engaged setting
the fos pages, messene ana doo'aeees'
ana inteods to settle those MATTERS aod annoaooc
tho appointments to tho Assembly morrow moesns
The foase wit thea adjourn until Gonay osnt Or th"
purpose Ok gv,os the Speaker an oppe Suny TO mako
up the conntteea they will, undee thsS programme
bs aonouncea TO the HouAs Tuesday neEt
Tho Seoate this uAmuiDg, and Adlourncd "itnoas
transacsing any business The oroer OF business pct'
tons notices and Introduction o. bls ana rcssaossoa
was goae through with IN tho Assembly CHG mosnB4
Tho resolutions that passed tho Legislature last fcw
amending the constitution. allowing soldiers ~ tho afy
10 vote taken in tue Assembly and passed ~
They TO pass the Senate, Wise
arrangements will be made and tho oecssary lcsislats
will be taken to hold ap8cal election 6ene tme dufG&
tho motn OF February to submit the anQmenS 70 thw
people This carly action necessary N order that
providing how that section OF the consttution
amended shall be Carried into Operations before tho
Legislature adIonrns
There Is considerable gossip ia regasd 70 tas
that vii, be inserted in the new Ponce COMMISSIONER
BILL to compose the Police Board. nunber N
been canvassed, but no definite cc0cusioh
arrived at az yet, Out Of the number inc nsmos q
Wilson Small and Samuel Jones the democratic sidc,
Masss Acton aud Bergen on the republican, arc tho
most likely 10 be inserted. There are many indic1
tons that they viii DO tho mon named
Bank Superintendent sent Ia bis report 10 Lh0
Assembly this morning II presents many lucst,ons .
change has been made N regard 70 tho casa o.
securities deposited for banking purposes At the clos"
OF tho last fiscal year the secarss were OF tho following
Nov YORK state stock ACKNOWLEDGEMENTS SIT 343 LAO
nn,, Unite sta States s.osx is ssa ~ e..
SINCE that period tho state stocks aoa bonds and mort
cages security havc dccrcased and tho United States
STACKS RAPIDLY increased viii DO by The following
Increase in United States stocks ...... g. SOS 400
Decrease in Now YORK stocks. ,G8s ,v5V
Decrease in bonds and mortgages ..,...... l.eyo,sT
Tho Of Of the State banS crcHlatve 10
upwards Of S4y 900 ics8 than year ago.
In regard TO the suspension OF specie payment ~ tno
banks me Bank Superintendent argues that y csnnot
expected that they will return 10 thor normal cond
ton uDt inc vast requirements Of tho government shall
have been iessened 40 90 to permit Of the resumption OF
specie payment by the federal Treasury. and tAAs
ton Of tho civil war he holds, however, that sAo
banks relieved from tho penalties ncdeHs 70 y
refusal to redeem their circulation In gold aud silver ~
The retention Of notes issued by the general goyornant
tho state regulating proceedings IN such casca prov.
that prescribed penalty sha attach whom tho pASy
issuing notes shall fail TO redeem them tho lawful
money OF the United States
The report speak, in high terms OF the national ba0knR
syste but LOOKS eth apprehension at the iDdjcati0nsa rs
Washington OF a design on the part OF tho Secretary u
The Treasury and his subordinate officers to foster op
pressye legislation by Congress towards the Institutions
OF this State with m apparent purpose OF compelling aa
abandonment Of their present organizations and adcs
ton oil the national sJscni This course y deprecated,
tAe report Takes the stand thai IN no
state is the 8Ystem less demanded Chan
ia this, owing to the stability OF banks Tho
report dwcs at considerable length this subject AMI
points many Objectionable features that must arise IN
tho or the national banks Among them Ia tho
multiplying OF small banks all the country, which,
in his opinion will TO further illuatrae the risn
properties OF gold aud the sinking properties OF paper
Tho entire report is IN fact OF great interest, and
viii command general attention account OF ~ ongtlY
treatment tho national and State bank controversy