New-York tribune., 1873-05-27
THE CURRENT OF LEGISLATION.

THE CURRENT OF LEGISLATION.
aDJOURNMENT on TBURsDAY-THE SUPPLEMENT TO
TIIK CHARTER-sALARIEs or TIE CIVIL JUSTICES
AND ALDERSiES-ATTORNEY-GE BARLOw's
OPINION ON TIE E3IE DIVIDENDS
ALBANY, May 26.-The general understanding
Aai the Legislature would adjourn SINE de Thursday
next nss brought members 70 their posts with unusual
prenptBess thiswcek, aud there Was fuller attend
ssoe IN both Houses than on any previous Mon
cly evening Of this season. In the Assembly.
The bill supplemental 10 the SeW-York Charter
"a taken up in Committee Of the Whole,
md ordered third reading with very little amend
lsnL
Ts salaries OF civil justices are nxed by the supple
nsut utGtN.Ooo The Charter passed, fxed the sala-
To- n 1900. The supplement fixes the salaries OF
Aldermen and Assistant Aldermen at 1000 each. and
eSN 70 the President Of the former Board. Vacancies
h athsr Board are 70 De ned by the Board itself by
majority vote.
AaOney-Gcneral Barlow sent IN bis opinion, called
Tor resolution OF the House. az 70 the legality
payment OF dividends by the Enc Railroad Company in
Nsf 0verissue OF stock The Attorney General thinks
tHyrent Illegal but sees remedy FOR II. owing TO
s 6nculty OF distinguishing between the true ana
1sadueni stock he ssys; Before such q state Of
A here be doubt that the transaction and the
~'lhS Of the bonds aud their conversion INTO stock
Va Illegal, fraudulent. and void The statute
"aszplates q bona die borrowing OF money
w bonds for certain specified purposes and the ele
~ Of oonvertibnify into stock added as a mere
s Of increasing tue value Of the bonds. but there is
N~euiiy In reaching remedy. lie then proceeded 70
nov hat II would not be possible 20 discriminate
'heh s the stock tainted and which s not. The diff
% be says Is not In the law Of the case. but in the
@ or rather IN the proof Of the facts he has no hes
'-aon IN saying that the Company cannot rightfuly
san be identned and traced INTO the hands OF persons
fH took II with knowledge OF the fraud But
ornculues OF proof above referred 70 are so great
Aa suoh suit would he practically useless The same
Eaeulty Is stated 10 be In the way Of action concerning
u sVerissue Of convertible bonds and thongh be is Of
'uioB that sUt would fan Of any practical results
IL be says he Will cheerfully undertake it II directed
the Legislature. be also suggests that
ssa II tins stock we're cancelled the
eTaends would amount the same, there Is no law
erag The dividends which railroad corporations are
vowed 20 pay 70 any percentage the capital stock
y Company could and would exact the same rate Of
Az aud pay increased dividends the diminished az
Dsgs - stock He closes by saying the only remedy f0
- Violations Of the law, II Il can be called remedy
Ne criminal punishment Of the guilty officers Of th
fsfoac and the summary proceedings Of a forfeitdI,
4 IL charter and il is, no doubt competent for th
| -sisature 70 limit by law the scales Of fare an,
L anu Auue eucG4udllg set nuubun 70 dEouLt O
1 -,'shds which shall be pIid on this stock
- Senate spent the early part OF the evening il th
~ Nfe1dng and passage OF bills Among the nrst tha
80 up va the bil Of JOINT Committee for Inc Ap
| '-oniuent Of the STATE into COngresai0DG! D.s
- which passed, 70 70 2. Allen and MaddeI
4 -ls ID the negative. The Democratic Senators pres
| ;. - Asssrs nemanH, Cock ami johnson, voted IN IN
4 aalve The bill has not yet passed the Assembly
II a i-eh ordere 70 a thru reading there.
4 .l-gt 70 there being ouly - Senators present. th
| .-t hi ioF horse railroad through Tbiitynnb- 81
4 ~ !" pass, six Senators voting against It.
/ mh 70 incorporate the New-Yofk Under--ourJ
hfgfsph Company passed by vote OF I7toa
4 We close Of t1e session, On IaOiion Of ID. p
4 - It supply bil was taken up and passed. NJ ssFs
/ a. wood and Narrower made another attcEp, {.
4 - appropriation for the E.min Reforurtory Ia
Il H. -ue unsuccessful. Owiur % the time occuoie.
a@, washington Market joh 10 nearly 2 o'cloci
4 as the sensts adjourned
g. N"'ernor has appointed ihe following Corlmis
a. a. under resouf0l OF the Leg .afa4t 20 exam
c4leT. t1l c0nl-tic1 " ihe o0eac iT.I grant .
ffstii. 10 rey nOuT o. Ouelln; Mlu. a. Hueelef v
'0an " Van Bdren o. New York