New-York daily tribune., 1866-01-05

mission 10 levy taxation upon thc shares In national
banks, with such restrictions as present undue
discrimination The State low should have been so
amended TO order taxation Of shares in The hands of
their holders. The highest Court in the state has dis
regarded the existing incOmpat6ity; bat 1t s by no
certain that the United States Courts VIII view
the subject so c0mplacently.
An elaborate discussion is entered upon to show that
specie resumption IS not nfilb panacea for tho
of currency disorders, and that the remedy IS
in hayirg currency which represents an actual value
and in which the people entertain perfect fifth Ihe
currency founded upon public stocks has real value
and every essential attribute OF q redcemahc MEDIUM
These conditions secured the chief value of coin is In
promoting international exchange and thus imparting
general N oil'y to capital me only uesie on tile
part Of The Government should he to contract the cur
rency afoat until it no longer transcerds the amount
required for trade and commerce. The redundancy OF
this currency is the only existing cause OF commercial
difficulties.
The Acting Superintendent thus refers to the late
Superintendent, the Hon. Edward Hand; 49,.
i cannot, in Justice 10 my own ieehngS nha ds tns
memory Of 50 long and so prominently ldentined
with this department suffer the occasion to pass WIN
ont alusion to the sad event which has imposed upon
ne the preparation of this report. ,-,.
Edward Hand. Superintendent OF tho Dahhlns
Department died on the 2ith or November last.
lie had been connected with this Department since
lsa9 wien 1t was attached 70 tho Controllers Once
and on lis organization as distinct bureau OF the
State Government he received ne oppontIlent ~, ~,
Deputy Superintendent. which position nc held unth
State in subordinate capacity were Justly recoGiSso
by the Executive in bis appointment rs Srperntendeh'
10 Gil the vacancy occasioned by the resignation OF MI
DnrinS the long period of his connection with the
Department lie had thoroughly iGentlhed hinisei
with it, had impressed upon it so much oil ms own III
diyduanty AZ to be very commonly regarded rs s cS
seufia exponent; and it is llscIedt TO lilo eminent
gentlemen whose subordinate he was 10 say 'lht w
success Of their several ADMINISTRATORS WIS iast
due TO his thorough knowledge of the details oi Tue
business 70 lis great precision and accuracy IN business
transactions 70 his clear and just nppfehension oi ue
nature ard functions Of such Department emu 10 h,S
4 n-rlr
tesv that Won for him the enduring regard ana esteem
II all having dealings with the Department An accom-.
pshed gentlemen, Of cultivated inlhu ahs eAcnpau!
manners Of great purity OF character ana ne coz
sisteu; Christian and q h0roushy consoleneus man
be Lad won the confidence Gnd the afeeion o IaIge
circle of friends. His distinguishing cmb:.i0n when
n we're We'll If more would emulate wac 70 do thorough
" and well the duty that cniue with the hour lhs
amhition he sacrificed his life lie visited new oIH
in October on business winch ne WoGu h'fusS ,o no
supervision but his own, ard in the persistent iameht
OF his duty afor Illness ad seized upon MN u pee .le
too deep seated f)r the effort OF HE feeble constitution
10 remove lie unable 10 visit Tie ONCE ai'ei DIS
return and III Eve weeks was 0ofne to his hna resting
New Yorl, has had many eminent sons whom she has
/ delighted 10 honor and whose memory she WOItub'
levsIes: men Of higher emnence aud more conspeuu'
taient but never moro faithful Jealous or capabe'
within thc sphere where be was called to ae than lAc
late Superintendent, Edward liend.
! CONCLUSION.
TIE condition and prospects OF the banking Interest,"
of orr State call for little specific action ht tlc haLt o
tie Legislature You can therefore, addIess !on',,
seivo te rore earnestly 10 th0 questions of general
internal Iocy upon which the Development Of ihe re-
sources Of our State aud the prosperity Of our people
depend. -....,.,.., ,.,,,.
/ honorable body upon the favorable auspices rnce'
which il eonyeaos. The way with rs traA o. ccio'i
ton has passed away and, amid Us fruits o OH
emu sorr0w there stand forth these 10 cheeE aAu ta4
! fen our hearts: Universal Freedom and On Assured
Nauonchiy. Let Us rejoice. not forgetting gfNsiaiy
10 acknowledge the power and gcodness oil hiAi "ho
Ia.r given Us the victory.
With en- abiding faith in the Intelligence ana inicg
rsy OF ihe people and in Ito wisdom aud patriotism o
their representatives, this report Is respeeiniH SUD
milted. LNERson W. hhiLoii
| Deputy and Acting superintendent.