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


Tao Excttemeat at the state Oaoitar
.>bated-The House Conn sat tteea-Paa.
.aA.e OF tho Resolution Ann ending th5
oos,a.. statton to Permit soldiers co
vo.n-r,T 10 Police Commissioners BiIl--
xgr,, - to Compose the Rev Police
Roava-Reo,, rt OF the Bank supersn-
tendent-rne state and National Bank
inr sysesme-Nhe Attempts OF Secretary
Ohass IN Cosmpes an Abandonment on
the STATE Banvks Condemned. DC.
ALaAsy, Jan. 7, 1894.
~, axcifsmaot cooo ae ed With tho organisation Of tbs
Legislature bassdied out ava the crowd has disappeared
rba o,oan,yat,oo Of he senat> completed Nothing hla
been done By the Speaker the House vet 10 reference
TO the committees Mr. Avord is now engaged sotttns
the applications for pages messeoers and dooseepeas
ana intends 20 settle those matters aod announces
tho appointments 90 tho Assembly t~moefow moeSns
Tho House will thea adjourn until &on.Ss osnt~ s''
purpose o giving the Speaker oppe Sunity to maks
up tho comnittees They will, under THAI Posr ammo,
be announced TO the HouAs oo Tuesday negt
Tho Senate met this mMuiDg, and adloufDco "itnoas
transact inq any business The order of busnoe q pc
tons notices and Introduction Of bls ana resanson'
was gone through with In the Assembly this mevnis4
The resoutous that passed tho Legislature hast Pcw
smeadn g the construction allowing soldiers in tho sry
10 VOTE taken in tue Assembly and passed by
announcements viii be- made and ths oecssary legislatures
will be taken to hold sp0cal election 6ee time durG8
tho Fobruarp submit the an10QmcHt8 70
people This carly action is necessary IN Order that
tho peopa approve OF this amendment = law may D"
sed providing how that section OF the constituton
amended shall BIO Carried into Operations BEFORE tho
Legislature adlonrn5
There is considerable gossip 10 regard % tas namcs
that will be inserted In the new Ponce Commissioners
bill, to compose the Police Board. nunber N
have been canvassed, but no definite ccncnsoh
arrived at AZ yet. Out Of the number the names q
Wilson Small and Samuel Jones on the democratic ssdo
ana Msssrs Acton aud Bergen on tho republican arc ts
most likely 10 be inserted. There arc many iDdicH
that they Will be tho mon named
Tho Bank Superintendent sent IN his report 10 tho
' tbs s Inc 'oowos Items vii show tho
change that has been made N regard 70 tho cass N
OF the las. fiscal year the sscur.s were Of tho following
class and amount
Now YORK State stock SIT 3i3 lao
Onied Statcs stock. 1877 ,8tW
nce that period the state STOCKS aoi bonds and mort
cages security havc decreased and tho United States
stocks vapdy increased ~ viii DO ssea by the following
Increase in United States stocks ...... g. ses AGO
Decrease New York stocks. l,6S. ,y50
Decrease IN bonds and mortgages l.eJ0,39r
Tho amount OF notes Of the State ban crcGlai01 u
UPWARDS Of S4Y 900 less than ono year ago.
regard TO the suspension specc payment by tho
banks inc Bank superintendent argues that II csnnot
expected that they will TO thor normal cond
ton uDtn inc vast requirements Of tho government sba
speeie payment by the federal Treasury. and tlis'
Can OILY DO reasonably expected a. the tcrnspa
banks are relieved from tho penalties pcdess y
refusal TO redeem their circulation In gold aud silver ~
which ars made legal tender and that the statutes q
tho state regulating proceedings in such casca provide
that prescribed penalty shal attach whom tho pAsy
issuing notes shall fall TO redeem them tho lawful
money or the United States
The report speaks in high forms OF tho national banking
system but LOOKS with apprehension Al The indicationsas
Washington OF design on tho part OF tho Secretary "
che Treasury and his subordinate officers to foster op
pressiye legislation by Congress- towards the Institutions
OF this state with m apparent purpose OF compelling M
abandonment Of their present organizations and M adm,
ton OF the national system This course ID depfecaad
and the report takes the atand thai IN no
State ID the DOW sysem leas demanded Than
ia this owing TO the stability OF baDka Tho
report dwels at considerable length subject and
pouts out many Objectionable ca;nrcs that must ariscn
tho formation or the national banks Among them il tho
multiplying OF small banks all over the country, which,
in his opinion. will 10 further illustrate the rising
properties Of gold and the sinking properties OF paper
Tho entire report Ia. IN fact or great Interest," and
viii command general attention account OF ~ lengthy
treatment OF tho national aud State bank controversy