New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1866-02-07
From Our Special Correspondent.

From Our Special Correspondent.
ALBANY FEB. 6. 1860.
The House this morning was principally oc.
cupied on general orders. Speaker 1remain has re-
turned from Washington. and occupied the Chair.
There was good deal of debate Mr.. Leyingers bill
in regard to the incorporation Of Life and Health Insu
rance Companies. amending the act on that subject
passed June a. 1853 that these companies could in
vest in any of the stocks of any of the United States
except those lately in Rebellion
This measure provoked great opposition, and the
more prominent members of the House were strongly
of opinion that these institutions in which our citizens
had such vital interest should be confined in their
investments to our Federal securities, the stocks
Of our State, county and town war
bonds therein mortgages on real estate ia the same
territory. Mt LeviDger read q memorial. signed by
several Of the great insurance corporations OF your city
asking the passage of the bill and also praying TO have
the limiting clause stricken out which forbade the IN
yestment in the stocks Of the late rebelious States
1t was insisted the part OF the companies that such
bill was necessary TO the prosecution Of their business
successfully as they could not do business IN
some States without investing in their stocks
The House. however. was not convinced oil the neces
sty Of the amendment. and the opposition was primer
pay based the ground that such latitude IN regard
10 the investments Of lfeinsuranoe companies would
greatly impair their stability aud the confidence whch
Il now rcposed in them. The bill was killed by vote
denyine tie Committee reporting leave TO sit again
Mr. Cochran moved the General Appropriation OH
in Committee OF the Whole. IL was amended III some
uumpOrtant particulars but the committee by vote re-
ported progress. The appropriations are about the
same as in preceding years but the item devohng
5000 600 TO the National Guard is much too large Tor
The real yane of this organization. The estimate Tor
Legislative printing $50 0 which. II seems TO me-
is most enormous fgure For the distribution OF docu'
meuts by express TO help members to get reeected) the
State is to pay 5000 Nothing else of public import
ance was transacted in the Assembly.
The Senate in session only short time and ITS
doiugs were devoid OF interest. great many bills are
3 ON tlron "A
important character.
The House, l may here say. is quite indusriousy
inclined The Committee Of Nine. known as the
Grinding Committee. is al work early and late and
making itself highly useful TO the body whose organ
! IL f.. The Committee is composed of good men,
and not doubt that the work they do is well done.
! The lobby. / observe is here in force again en-
deayoring to shove the Health Bill through the House
In the same way il through the Senate IL remains
TO DC seen whether they WI be successful these
fellows live in great style at the Deayan, drinking
costly wines ana smoking choice cigars. the question
naturally arises. who piysi Who were the parties
assessed to put through this bill would give some
. fla. no IN Spp their