New-York tribune., 1867-08-21

uihlhchtlOn OF q through route ohiy
sCrr the 'nns hsssatugfs gs""'Sh They '0StOd might do that
power stake he had one word to say lie had always
understood that the Democrats controlled the Central
any pOwerthat could njure the people since there
have beennne Governors of the state only one Of whom
ton @ Of the line from NewYOrE % to San IN Francisco S
Mr. JAMES BROOKS pem;, n " felt that the prog9s-
City and the State OF NewYork. There is struggle in
Harlem Railroad proposes to make such consolidation
with Vermont railroads shall through line 20
Montreal There is another proposition 10 consolidate the
Erie with great line that Shall give us tie Western
trade that Pennsylvania is reaching out her hands TO
ment Of Mr.. Parker prevails Chicago palatal city, is
built up by the consolidation OF railroads and yet the
people Of Illinois are not slaves. lie hoped the
Convention would reject the amendment Of Mr.. Parker
and concentrate itself upon the amendDentus offered
Mr. BFADLE Rep, Chemung) opposed the amend
ment Of Mr. Parker The experience of States that had
encouraged consolidation led him to ms view - -.
Mr. PkIGE Dem, Schenectady said mat az u was
now We had ali the benefits Of combination without
the dangers arising from the consolidation oi ss"hu'
caGi'L @ LhPMA% fSS Sp onao was opposed to cono
datiOn, and believed in placing cheek upon the ONo
M j. P%RKGR s6sn 6em San opposed to the
amendment OF the gentleman from Cattaraugns n.
The question being taken upon me W.
The question was then taken upon Mr. Parkers amend
ms MNE GS + Tp' 70 by prov
ing that all corporations formed sinees0 snail oe
under such general laws as now exist OF hereafter may "e
Mr. HALE ep Essex moved 70 amend the he's second S"i
corporations shall be secured by the individual laDny
Of the eorpoaors other means as may DC presenter
y Mr.. oPbYKE dep, New-YorlD moved to amend by
striking out the fourth section. Mr. opdyke said the
Pessh Sn resnaon whose Effects would be to place IN
liquidation all the banks of the state. The same regn-
iOn tbe want eas Of IN nhaScia SnoWedge in that Con-
yention. The fruits of tlis absurd provision
eSc ssa Gfsn m L Sas dresSad and II It had not been
fourfhs OF the people OF the State would have been re-
70 suspend specie payments They furnished in their
circulation and deposits nnetenths Of the available fnds
Banks inherit the seeds Of suspension lust as the human
frame nherts the seeds of disease and death NO Con
Mr.. GREELEY G2ep, westchester) eoDcurred with the
amendment OF the gentlemen from NewSiork ONT, Op
dyke far as it went but for very dinePnt reasons
lie MR. OpdyEe) satisfied with the present state OF
things, but he was not 1t was shame TO keep up
known now as specie payments Mr. Greeley PROPOSED
substitute the following Strike ont the nc io1Gtn sec
impair the obligation Of contraets nor to legle 'he
violation OF any contract whether by corporation,
partnership, or by natural person."
Lost by count Of "a to large negative vote: ,,,
Mr. HERMAN Dem. Oneda) was opposed 10 striking
ont this section especially the alleged 1t Is
stated that the Courts once rose to the moral grandeur f
dsre egarding the Constitution and their own oaths 10 ad
minister the laws. lie did not SO believe It. They held
that the state Of things then existing DID NOT cs M Or & Inc
the present state OF the country Congress had declared
that paper money currency and the people mad sub
%.
this action But thoy bound in behalf OF the people
OF this State 10 assert that specie basis Is the proper ana
safe
Mr. GOULD rep, Columbia) hoped the amendment to
strike out the present section would prevail His expert
ence in 1857 led him TO this conclusion.
Mr.. z. TOWNSEND CDem Queens) believed that me
provision in the present Constitution similar TO the fouh
section operated beneciay in the crisis of 1851 He
opposed the amendment 10 strike out.
The amendment Of Mr.. Opdyke was t'elght only
voting In the affirmative.
Mr. GERRY Dem., New-YorD moved to amend by
adding the section follows: when there no agree
ment for different rate OF interest Of money the same
shall such rate may be by law provided but the
Legislature shall not restrict the right OF parties TO con-
tract payment and receipt OF any rate oflnteres
Mr. GERRY said this was not anovel proposition There
should be Inhibition the Legislature 10 prevent
them from mpauIng contracts which had voluntarily bean
entered into Parties should not be allowed TO overthrow
their own wrong by taking advantage OF the law, and
men,
Mr. PROssER Dem, Erie) moved TO amend by insert
ing in the NTH section second line after the word money
by virtue Of any law Of this State" Carried by count
Of ca 10 q.
Mr. GARVIN Dem. Eew-Yorkl moved TO amend by
adding as folows "Iu case Of the insolvency Of any
bank or banking association the bilholders thereof shall
be entitled preference I'm payment over oil other cred
tors OF such banks or associations" Carried.
Mr.. OPDYKE rep, ". " offered the following: "No
bank OF issue shall bc hereafter established under the
authority OF this state"
The hour two having arrived. the Committee rose,
aud the Convention adjourned 20 q o'clock.
Tbe 20 10 Il list of ahsCUfees: