The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-03-20
THE STATE CAPITAL.

Governor F-nton's Success I'm Raising
the State Bounty-The Meetings Of the
Senate Committee ani the Cspitalists-
Ten Millions acknowledgements to be
Issued Next Week-Pro-Rata Distrtb-
ton. to "a, ~" lawns aud ceuD.ssTh
Pnsamatte H-s.road Express FOR New
YORK Sity-The Assembly Caucus, Sc.
OUR ALBANY CORRESPONDENCE.
ALBANY, March ls 1885,
THE STATE sotYry n1-.
In pursuance of the eorts OF Govfnor Fenton to all
the quota OF the st.e and avoid the draft special
committee visited Ncwsyork az his request this week,
ana made maj Pod happily successful arrangements for
iaRhs 'he ,ounty fund, under tue State Bounty act
au'norzncs the issue OF State stocks for the sum OF
thr'y Vions of dollars Senator's Foger and Bell, Mr.
Sane ord, Of the Assembly, and T. W. Alcott Of the
~ ak OF Albany, comprised the committee Consultations
held by this committee and the principal bankers
capitalists OF New York city at the Manhattan bank
this week All additional necessary amendments were
agreed TO be made TO the Bounty act, including provs
ion requiring the Comptroller to issue the stock OF the
state Mt long datewelve yearsin place OF the tempo
ray revenue bonds SO soon as the people shan endorse
the loan.
which comprised Of the largest capitalists OF the
city. The result Is subscription Of more than ten mil
lions and the prospect of immediate completion or
the loan The bonds ready and will be issued with
the beginning o! next week. and distribution TO the
towns and counties Will be ordered prordtG fortnwitn
The expedition with which this result has been accom-
pshed shows that II the proptness and unanmity
had been brought TO bear long since In aid OF Governor
Fentons Efforts the result could have been reached
and the quota OF the State filed month since. The
general disposition embarrass this question has been
little aided by the pragmatical attributed to
Comptroller Robinson II Is to be hoped that the over
nice theories of the Finance Department will not be
pushed far upon the dog in the Manager principle.
ASSEMBLY CAUCUS.
Several OF the members of Assembly, announced In the
HERALD having bolted from the late caucus on the
several bills for New York city, dscam any purpose TO
oppose the party these measures. J. L. Parker, OF
Cayuga did not leave the with the intention TO
bolt and did oppose the resolutions In caucus with
any idea of going against the party " such resolutions
should he adopted The name of Mr. Hulse was printed
having left the II should have been Hollis
II appears that tho idea Of repudatng the actonof the
caucus, which strongly urged in certain quarters IS
pretty well played out and party discipline Will pre-
vail.
PNEUMATIC RAILWAY.
The passage OF the bill Incorporating the Pneumatic
Railway Company by the Senate to-day gives this project
importance which IL has not hitherto reached This
is tho invention by Of which packages are trans
mitted through tube by pressure of the atmosphere
The bill provides for tunnel TO be constructed from the
Post oce In Nassau street. under Chatham street, the
Bowery and other streets up town model OF the pro-
ject is exhibition in the State Library which works
admirably Should its operation large scale prove
effective IL must revoutonze the entire mail and ex-
press buSiness v