New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-04-30

isolated towns and villages suggested by the bill
under Md a. h was ios,
ing Mr. Cocks amendment relative 10 cider and lager
Oe on motion Of Mr. JAMES wooD the Committee arose
and reported progress He moved to make the bill a
special order for Thursday night.
Senator JOHNSON hoped the bill would be allowed to
take the OF bills generally on general orders and
ton was np here last year and failed though promi
nen gentleman was here lobbying for IT, This year that
connected with the Legislature and is giving his
time TO the measure. Ever Myron II. Clark was
elected Governor OF the State by the Temperance people,
ambitious men have sought TO ride their temperance
hobby in order to obtain popularity and bring them
selves before the public
Mr. JAMES WOOD spurned the thought that he advo-
Gated this bill for the purpose of making political
capital He was not candidate for Governor, but he
supported his proposition because his conscience told
him IL right The bill made the special order
for Thursday morning.
Senator JAMES WOOD from the Judiciary Committee
reported ayorably the bill relative to Police Justices
the City OF NewYork. On motion OF Mr. WOOD the bill
was made special order for Wednesday morning.
In the Senate, Mr.. BENEDICT moved 20 reoomm 1t the
BILL with instructions TO insert clause providing that
the question OF annexation shall be submitted 10 the
people villages and city sought be annexed
for their approval or rejection The motion adopted
but reconsdered motion of Senator RoBERTs ON,
and laid on the table.
Senator ROBERTSON from the Committee on Com
and Navigation. reported adversely the bill pro
ylding for an increase Of emigrant head money.
On motion OF Senator JAMES WOOD the First New York
Dragons were allowed the OF the flags In the
Bureau OF Military Statistics the occasion Of their
annual reunions. Adjourned.
ASSEMBLY
EVENING Session
mittee on the bill to regulate tue rate Of interest," on
money and to prevent usnry, being the Senate bill
passed last week. allowing In OF usury the cOec
ton OF only the lawful rate OF per cent interest
together with the principal.
Mr.. BURNS moved amendment prohibiting the de-
Tense usury in actions growing out OF loans in New
York County. After discussion, in which it was
stated that the Senate would 10 such pro-
vision Mr.. Burns withdrew the amendment.
Mr.. BEEBE moved an amendment providing that the
provisions of the bill should not apply " contracts made
prior 10 the passage OF TINS act. Lost
Mr.. A. b. CORNELL moved amendment, the effect OF
which was to continue the act In force only one year
frOu August next when IL the Legislature does not re-
enact it, the existing law shall in force again His
object was 10 try the proposition experiment and
II the good results anticipated realized future Leg
islature can reenact the law If not existing.
After discussion on the motion, the Committee rose
and reported progress.
Before taking the question Mr. A. B. Corneils mo
ton IN the House, Mr.. LINCOLN renewed the motion.
Mr.. WEED opposed the motion for the reason that
year was not time enough to try this experiment. He
Mr.. LINCOLN though willing TO try the experiment for
year. was opposed 10 repeal OF the Usury hw. He
did not believe the hard working, honest people OF the
State wanted the Usury law repealed. 1t his opin
ion that the Was gamblers sought this repeal IN order
that they might go on unrestrained by law in their
After further discussion, Mr.. FORT moved the pre-
vlous question on MI Lncoln's motion, but tho House
refused 10 order it.
Mr. BEEBE addressed the at length in denuncia
ton of this act which he regarded cOwardly skulk
ing way Of repeating the usury law. II was, moreover,
farce, and grayely enacting IL here law, TO
insult the intelligence OF the people the State Your
bill provides that rates of pro-
hbied but there is penalty inflicted they
taken. You pass law prohibiting its violation, and YET
invite everybody to violate IT, IL disgrace 10
Legislature 10 even propose such law TO it, He would
however, II this bill was 10 pass vote for the amend
ment in order that restriction shall be placed upon It,
This bill called modification Of the usury 1t
sham modification. 1t wac, In effect, repeal OF
the usury law.
Mr.. Hustled believed in free trade in money well
in anything else. He satisfied that tho people Of
his district In favor Of the abrogaton Of the Usuy
law. IL would benefit all commercial communities; but
while II benefited them would ruin the people In the
country-small farmers and others and thus the ques
ton presented itself to him whether the Republican
party could afford TO do this He did not believe that IL
could aud he would therefore vote for the amendment
putting limit upon the law n IL 70 be enacted.
Mr. ALBERGER spoke OF the services OF the Republican
party In the past aud said that the that party
stood In the way the welfare peO
pie he hoped to IL scattered and destroyed. He
then proceeded To denounce the present Usury law
Disgrace 10 statute book aud injurious beyond
computation 10 the business interests ana Industrial
prosperity of the State.
Alter further debate the previous question
dered, and the question taken on the amendment
limiting the operation of the bill to year. The
amendment Was lost, 90 10 SO.
The question was then taken granting leave TO sit
again, and II was granted II 10 80.
Mr. ALBERGER then moved that the bill be ordered to
q third reading, winch was D." vote OF IL to 49,