The New York herald., 1867-03-10
THE STATE CAPITAL,
ouR ALBANY CORRESPONDENCE.
Albany, March ), 1901.
yTRE IysrRANcE-A aALurARY MEAsuRE.

Albany March s, 1867.
NsrRAScE-A sALurARY MEASURE
Mr. LaBaus bin for the Incorporation Of the New York
Underwriters Guild, up for consideration In tho
senate to-day, and ordered to . third reading II
has prospect OF passing The objects contemplated
By this guild will recommend themselves TO the public,
whose interests to be furthered by It's Incorporation
Tie bill provides that IL shall be lawful for any number
Of fire insurance companies less than five TO asso-
cate themselves together for the purpose of guarantee
Ing contracts Of insurance Persons nsurng in the COM
panies associated will have for indemnity,
hrst against the company issuing the policy second the
contributed fund OF the guild and third the guaranteed
fund OF the union In Of the insuicency OF these
sources OF indemnity the loss be collected BY direct
assessment upon all the companies in the guild proper
uonatey to their capital
The saiutary object of this organization will strike
everybody Interested There is no reason why insur-
ance companies should be losing bodies unreliable TO
insurers. The percentage charged premiums does
not equal the percentage OF insured property destroyed
by FIRE, hence the gains always exceed the losses
Companies joining this guild will therefore give the pub
lie greater assurance that losses will be paid because OF
the equilibrium established between capital and property
insured.
BRIDGING
was beginning fear that The absence of any mme
date and pressing necessity for the construction Of
bridge the East river such as existed during the
severe weather Of the winter would result in apospone
ment Of any legislation the subject during the present
session just the whose roof leaEy refused
to repair in wet weather because it raining and in
dry weather because didn't leak then. But Mr. Lent
notice in the Senate this morning Of bill incor
porate the New York City and Long Island Bridge Com
pany, for the purpose Of constructing and maintaining
bridge over the East River The OF the corpora
tors are not generally known, 20 Will not enumerate
them The BILL after vesting the company with the usual
privileges as to the purchase of the necessary real estate
provides as follows That toll gates shall be affixed
at either end OF the bridge that the capital stock shall
be $500 000 in shares OF dollars EACH with the PRIV
iege OF increase to amount necessary complete
the structure that the bridge shall less ee
walton than one hundred and thirty feet above high
wafer marx at tne middle OF the river; that the
streets crossed by the approaches to the bridge shall be
appropriately arched
This bridge from the vicinity Of Seventeen
street. and will not therefore accommodate the i'm
portant portion Of the travel between the islands
1t intended to rest upon Blackwes island midway OF
the river that engineering problem presents
few difficulties If the company is incorporated the
bridge could therefore be speedily completed 1t would
accommodate the large number OF New York business
men residing in Flushing Astoria and other towns and
villages the East and Sound. As the intatory
Of legislation upon the subject Of bridging the East river
II is important just now, and 1t is TO be hoped
that 1t will be followed up by steps for connecting
Brooklyn and New YORK by bridges at important
points.
THE EXCISE LAW
The committee having in charge the proposed amend
meeting yesterday, and the taking OF further testimony
has been postponed to Tuesday next II is prob
able that the law will be greatly modified While the
friends OF the measure advocating the extension of
its provisions to the whole State the republican poIi
clans especially from the western part Of the State
bringing pressure TO bear upon their members for It's
modification compromise is therefore, probable, by
which many Of the stringent features of the law will
removed, and, its provisions thus amended extended
the whole State. The republicans fear that their
majority may be entirely reversed by enforcement OF
the present almost prohibitory law The western mem
bers In particular threaten this catastrophe the party
The liquor dealers have also been here IN large force
aid the movement for the amendment OF the law
ARcHING ovhR TIE HARLEM RAILROAD At YoRKvILLE
The Senate Committee Cities held a session this |
morning 10 hear statements affecting the measure pro-
posed in tho bill or Mr. Murphy with reference to the
Harlem Railroad. Horato r. Allen, john H. Browning
and other property owners appeared their BEHALF
and Chauncey Depcw for the company The citizens
70 arch or cover oyer the deep Yorkvile which,
in It's present state they claim embraces of the
cbasm 4 y feet Deep Interfering with and rendering
dangerous travel along the The Common Coun-
Gil had compelled the archlng Of the road between
Thirty and Forty second streets and Park avenue
one OF the most beautiful horoughfaTes IN New YORK.
was the result Further investigation has been posi-
THE QUARANTINE DIFFICULTY.
The Committee on Commerce and Navigation reported
naissiones for the location Of boarding station and
hospital for quarantine purposes This commission
Health and the Mayors Of New York and BROOKLYN.
Kings county expressly excepted the location Of
these buildnga The members from Brooklyn very
happy over the report.
sALAREs IN THE NEW YORK TAI OFFICE
In the Senate this morning Mr. Lent from the Com
mttcc on Municipal Affairs which has had under consd-
GRAFTON the petition Of wm B. Asor and others for the
regulation Of salaries In tho Tax Office Of New York.
ported the intention Of the committee introduce an
act relation 70 the compensation the officers and
clerks the Bureau for Collection OF Taxes in the
Department OF Finance Of the city and county Of New
York;
- THE CONSTITUTIONAL coSvENroN
question remains as much Of . muddle ever The
bill from the Senate, where the Assembly bill was
slaughtered hous bous by striking out all except the
epacting clause and substituting the clauses
non n-concurred in by the lower house this morning
There thus dead lock between the houses
subject committee Of conference IL to be appointed
70 whom the DILL viii now be referred
A BON
certain Hbcrnian family is very numerously repre-
sented In both branches Of the present Legislature
that has gwen rise to funny conundrum VIII ch send
you although hardly belongs the record OF legislative
proceedings 1t is-"why 10 the present New York
Leg stature like an Irsbman dinner ~ The answer
Because i largely consists Of hurphys do not think
the honorable gentlemen with such noble pdfronymcs
will ieel angry at this eu depyA the complement
which the joker pays Of making them large part Of
Tnufo stat ta q rorr 0at ttor.g