The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1864-04-18
ALBANY, April Is, 1864.

ALBANY, April Is, 1864.
INTEREST
1hn resolution which passed the Senate some six weeks
ago pay the interest State stocks and bonds both 70
homo and foreign creditors currency greenbacks
instead OF gold, called up Assembly this
ing, and adopted without debate, by Of 81 81
THIS therefore, settles tho question that the State will
pay its interest tho State debt greenbacks The
result of this vote be otherwise depreciase
the stocks Of the State and capital invested
In Il to seek Investments in tho United States bonds
instead OF State. In tho arst place. the stocks or
she state taxed and the interest is paid 10 do
preciated currency the profits will be small compared
with United States bonds bearing the interest.
Tho interest Of the latter is paid in gold the bonds
escape taxation The holder only being called upon to
pay the income tax the interest, with gold at it's
present premium tho holder OF thousand dollar six per
cent United States bond receives upwards OF ninety dol
ars interest," counted currency and escapes taxation
except income tax while the holder a thousand dol.
lar State bond, bearing six por interest, only
ceives sixty dollars Ia currency interest," and ia com
PEELED 10 pay tax his bends income likewise.
With this difference. il viii be readily that, should
che forced TO rase money by bonds she will DO
Obliged 60 the market at great disadvantage
This Is the position that the nnancers OF this Legislature
have placed the securities OF the state 10 By adopting
she resolution TO pay interest in grecpbacks.
REPORTS or COMMITTEES.
The Senate bill authorizing the Supervisors OF New
York TO ssc eight hundred thousand dollars OF "Cour
House" stock, for the petion OF tho Court House
building IN the Park orted complete by the Com
scmbly.
The Railroad Committee this morning reported a bill
authorizing the construction OF railroad In Whitehan
aud certain other streets and in the city OF New
York IL provides for railroad tracks opera
zion 70 great extent commencing at Central Park and
Brosdsay, down Broadway TO Union square, down Uni
versty place and Wooster crossing Broadway
about canal street and vending It's down White
hall street and south ferry through William and other
streets II stands about good chance Of passing as
She members do of being struck with lightning
CANAL
Speaker Alvord this mcrning presented concurrent
resolutions authorizing tho Canal Commissioners
range the several laws in the Revised Statutes with tho
Amendments made theretn aud add thereto such amend
mcnts and alterations they deem exledient aud
report 70 tho next session OF the Legislature Laid
tue table under tho rule.
JUNCTION CANAL
The Speaker also presented concurrent resolution,
that the State Engineer and Surveyor the Canal
missousrs In charge Of the hemung Canal required
30 examine she junction Canal extending from the Che
nang Canal ~ Elmra, to the North Branch Canal of
Rennsy lvana at the Stale ne near Athens Pennsyl-
wanna. ana that they report to the Legislature the
examination. tho condition Of said canal other
racts and ioform.sion as win 10 their judgment enable
the Legislature 70 determine upon the propriey Of the
purchase 81 said canal By the state.
THIS junction Canal u about eighteen miles long. and
o.na or Peousyivasis. II is owned BY . private com.
pany private individuals who seem TO be in the inter
- .,ac nwn. hv nvs,s .,
COMPANY and The OF that, In connection with
She managers q the junction Canal, put such high
earn coal freight that il aim ct 10 prohbi-
Zion land thus works into the hands or the combination
60 keep oal up The object Of the resolution introduced
o. aud condition Of the Junction Canal what can
DO purchased for. Il should be deemed adv sable for
ee purchase to break up this coal combination
b. Furnishing cheaper mode Of transportation. II is
certain that a. long the coal monoposts control
In order TO keep coal at an exorbtant price.
MILITIA
Tho new Militia bill was again taken Up in Commit.
tec of tho Whole this morning. The amount PANIED in
thc appropriation discussed at much length The
Items N the bill, reported by the committee, were
tprRA kA0
eight thousand men, at fifty dollars per man, for
arms. equipments and uniforms, which would amount
Reserve Of 5000 stand Of arms and aceouire.
mon,s. i2SooO
For arsenais and contingencies. los 900
rc,s, asked for In the bin $3.50 600
A compromise Effected in the debate day aud
the appropriation all told to $3.50 oo0
tcctng the proposition to increase the militia force eight
Thousand men, also the Of arms and merely pro
vding militia force fully
equipped with the smeunt appropriated or asked for
down above the bill was ordered TO third read
iug with little or no opposition.
THANKS GOVERNOR SEYMOUR.
The Committee on Federal Relations, TO which
rerred the resolution offered by Mr. Gilbert relation
action Of Governor Seymour 10 correcting the
a. the apportopment reducing quota OF the state
under the Enrolment OF Sd OF March, 1862 reported
the following preamble and resolutions this morning
the Assembly
That IN his annual message bis Excelency alluded
inequalities In the enrolment for the draft that at his
tiou OF the secretary War TO this subject that
Secretary promptly appointed VIM. Y. Allen, OF this
state John Love, OF Indiana and Chauncey Smith, Of
Nassa husets. commission TO examine and the
iuo1ualties that those Rontcmen after due consdera
gIon recommended reduction OF the quota under the
ca Of the Presdot OF the nth October 1868 such re
duction amounting TO $50 men, aud tho call OF the
OF February, 1854, 10 reduction OF 5ol3 men, aud
scat accepted by the Secretary OF
VIZ aud the quotas reduced accordingly
Ills Lxcelepcy the Governor, In mis- message TO the
Legislature Of March 1884, bears testimony to the aud
In the adjustment o. this matter from several
members or Congress- also to the willingness shown by
she Secretary OF War to do Justice to the state OF New
mission.
agents from any impeachment Of their fidelity and q.
e. rity Tor any mace rsces that may exist the
rclmen they state also that the errors could not be
under tho circumstances aud With the means at the com
maud of tho officers
or, OF the Secrst,ry OF War, and Of the commission
has resulted in large saving to this State They are o.
The opnion that those who labor nr the public good
should appropriately commended aud accordingly they
offer tive following resolution for the consideration Of the
Resolved. That the thanks OF this House be
and are hereby rendered 10 his txcelepcy Gov.
srnor seymour, Tor calling the attention Of the
general government at Washington TO the errors the
superintendent Of the quota Of this State uudcr the
roment act OF the I'd Of March, 1868, his prompt
and efficient Efforts In procuring direction OF the same
Bcsoved That the Clerk Of thi House transmit TO ths
Governor eneroesed cory this report and resolution
Tho question upon adopting the resolutions and rcpor
Immediately taken and the resolutions adopted Nv
uaao,mous " the House thus both part les united
In paying uet trinute 70 officer, who. amidst III,
assaults and btngsgate OF tho organs Of PARTY on
posed % hu In hts Efforts 10 that Justice
done the state and thus saved the people IT I'm
re state nearly six millions of dollars Of expense Wei
may the Legislature thank him for that work. And
sCon 81 the House but another evidence o! the
that win take place in favor those whom the
rr,ss and like ogaus have denounced IN and
since the commencement OF the Facts and
figures Will be found 10 be bitter things when the
settlement OF this war comes.
RErARtNo CANALS
The senate again had under consideration the bill rela
tive the contracts for repairing canals IL provides
mode the present contractors TO throw up their
tracts and originally intended 20 have them 70 back
the old superntendency system that caused such an
otcry rom people In 1858 and 1864, account oil
che enormous swudfg uuder ~ The bill, however, WA
e,ancu1ei to-day that the contracting board " compelled
a. immediately rcst the work to The lowest builder aud
T. his shave TIE b w.t. ordered 10 third reading !,