New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-02-03
ALBANY.
ANOTHER RAILROAD INvEsTIGATIoN-A BILL
AMENDING THE STATE BANKING LA"-CoN-
sECRATION OF BISHOP DOANE

ANo1-1rR RAILROAD INyEsTIGATIoN-A BILL
AMENDING THE STATE BANKING LAW-CoN-
sECRATION OF BISHOP DOANE'
ALBANY. Feb. 2.-The Assembly must be
either impatient with jealous Of the Railroad Com
mttee Of the Senate That Committee has for two weeks
past been investigating the alleged oyerssue OF stock by
the Erie Central and Hudson River Roads, Tho only
good II will accomplish put In the hands Of two law.
yers large fees and give the State Printer an additional
amount Of work. On the other hand II occupies good
portion of the time Of the Committee and keeps II from
giving much attention to the claims Of City for
an underground road it should give. Besides SINH
investigation last year gave odor that Legsa-
ture that should this from dabbing with such
matters II the enactmens Of the Legislature were OBJ
served, there might be wisdom In T. Investigations
but we have railroad companies paying no more At
tenton to the statutes OF the State tan they DO 10 the
interests Of the public The Assembly this morning
passed resolution which covers almost the same
ground as that Of the senate @boto, resC Cnn
he had in the Money Article Of THE TRIBUNE OF Saturday
a 49, ana HSna zen TO aDd s
ing II authority 10 investigate the affairs OF the BuaO
the law giving the supervision Of railroads in certain
TO the Canal Board cannot be amended as To
place in the hands Of that Board oil railroads which have
Mr. sekreg wants the State to lend muskes tho Cor
nell University 10 be used by the military cadets and
also TO give the Governor power TO commission the Pro
fessor Of Military Tactics in that State as Colonel and
his chief assistant Major neither of whom shall receive
Mr. Bemus has introduced into the Assembly act
amending the laws relative TO Banking in tins State II
provides that in places where the population does not
exceed 00 inhabitants number OF persons may asso
cate 70 establish offices Of discount and deposit Win
capital not less than $4,000 upon the terms and condi
lions and subject TO the liabilities prescribed In the act
passed April 49, 1888, and acts amendatory thereto
Every Banking ASSOCIATION doing business under the laws
OF this State may take receive renew, and charge on
Change or other evidences Of d Rt interest in advance
according to the usual rules Of banking, at tho rate OF
seven per centum per annum and no more. Any one
knowingly violating this provision shall be liable TO the
forfeiture Of the entire interest which the note, bill or
other evidence OF debt carries with IT, or when mas been
agreed 20 be paid thereon In greater rate Of inter
est has been paid the paying 1t recover back
cry commenced within years But the purchase dis
count or sale OF bona fde bill OF exchange payable at
another place than at the place OF such purchase ais
count sale at not more than the current rate OF ex
change for sight drafts in addition to the interest shall
not he considered as taking orAbearng greater rate OF
interest than is allowed by law.
Mr. Rays resolution requestIngthe Canal Board TO re-
duce the toll on all anthracite coal going from tide water
TO the lowest rate allowed by law Will create much OPP
position from the Northern Branch and Junction canals
ana Delaware, Lackawanna and Great western kall-
roads, which carry nearly all the anthracite coal used IN
Western NewYork IT Is charged that the dealers sup
plying that region have formed combination excluding
all persons not in the ring from the transportation OF this
that if the Canal Board are required to do as his resou
ton demands coal viii be much cheaper than Is now
The periodical bill, which has been presented 10 tho
Legislature for the past dozen years to repeal tho usury
laws OF the STATE, sent 10 the Assembly Judiciary
Committee this morning by Mr.. Cullen Of Brooklyn. An
effort will be made to pass II this Winter.
The Rev. William Crosswen Doane, 3. I. d. Bishop
OF l)lOCthe OF Alpany
ST. Peters Church in this city, OF which he has been
tor. The church crowded with divines and com
municants from all parts Of the State, and the
were more than usually impressive. Bishop Potter
assisted by the Bishop OF Vermont and tho Bishop OF
Montreal cOnsecrated Dr. Doane. The Bishop OF Maine
and Bishop Lttejohn OF Long Island acted the Pre-
senters.
Judge Campbell, Chairman OF the Railroad Committee
introduced in the Assembly to-day bill To restrain the
issue Of convertible bonds by railroad companies except
by Of the stockholders obtained provided IN
the General Railroad law increase OF stock
The passage OF the bill Will stop hereafter all such actions
have heretofore made the Erie and Central Railroads
the cause OF Legislative investigation
The Standing Committee, to which referred the
bill increasing tho pay az patrol men OF the Metropolitan
Police, have agreed TO report adversely The COMMITTEE
has oso agreed TO report adversely tho bill making
the Register Of Brooklyn saared officer Instead OF the
recipient OF fees.