The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-04-24

watchmann and the number Of such license
license 3. public nsy %steh%an
PAID for such a. and ns such price list shall Be
printed upon the reversed side the license
sc sAnd no person shall claim, demand or receive
% s hs
his badge as the a be Ia Ss p o anv 70
sent s" pr sa badge
ss or or BY sea s or
wso ss &c bS ice
sy ySa Of vosy a oomnv
deemed guilty Of misdsmeanor and upon conviction
sm%an e aaS q q act Tesys ne
ne state q New YORK 5snssry isss Or n lieu
penalty ss sSa sss s ssss
HuRRYING UP.
The Assembly has done rushing business to-day,
over sixty bills were passed, and the day before
over seventy. The clerks are working ike
beavers and 1t is likely that In lew days the busi-
ness win be even all round.
THE UsURY BILL.
In the Senate this morning Senator Wiaslow
asked that his bill to regulate the rate Of interest,
defeated some weeks ago, and laid aside for re-
consideration at the time, be taken again from
'ns Wood Ia then sae the bin %
postponing the time OF It's taking effect until Jann
airy Is, next, he could vote for 1t, and he asked
tor Murphy objected and Wood thereupon moved
to recommit the bill to the committee reporting 1t,
with instructions to amend 1t accordingly.
senator Benedict said that the bin had been dis
astrously defeated when 1t came up here before,
but now there Is
FURRY OVER THE UsURY LAWS
in Wall street, and committee has been sent up
here. by means OF which the friends OF this bill
hoped to gavanize 1t into life. They hope to abel
hope to abolish pocketpcking by legalzing the
uade OF the pckpocket
around the Usury law. As 1t stood now the banks
may loan money at seven per cent, and II they
terest, while private individuals charging these
usurous rates liable to lose both interest and
principal Money men OF this State, instead OF
where the Usury laws do not prevail, and there
obtain higher rates OF interest. This will be the
THIS FOOLISH UsURY LAW
prevails and as long as money is considered as not
commodity. We ought to have no law at all.
Mr.. Dickinson favored the additional time be-
cause the bill likely to create financial revo
luton, and the people Of his district and indeed
OF every district where they are content to get rich
slowly and loan their money to sure payers ut
seven per cent. instead, as In New York, brushing
rapidly and recklessy into speculation satisfied II
one venture at heavy interest carries with the loss
OF several 0thcrs the honest people OF all districts
will require time to fortify themselves against this
senator Madden thought that the amendment
ought not TO prevail the bill otherwise would be
IN The r Senator against
over-confdence. The baggage train has arrived
and the Commissary has opened his provision
passage Of this bill. The Senator from the Eight
zenith tMr. Winsow) proclams that this bill VIII
pass new The men are IN their places; he has
counted them and he knows his strength.
Mr.. Winslow-lt Is false sir
ID. p Wood-You asserted that the bill would
pass, and il you have not counted and arranged
your men know not how you can make that asser-
ton.
Mr.. winslow-My Judgment.
Mr icpa ora vvna
tLaughter.) But again warn gentlemen against
over-confdcnce in the defeat OF tins bill. Ihave
heard matters that do not care to repeat.
THE BANKS OF WALL STREET
have been called upon TO contribute for its pas
sage and money has been freely rendered for that
purpose.
Senator James Wood inquired where was this
baggage trainY
Senator d. P. Wood said that ne must inquire
elsewhere Of some one VINO knew better.
Senator Lewis declared that there was no better
place to go for the information than to the gentle
man who makes the assertion. II any baggage
train has arrived, 1t is for the purpose OF lobbying
against TINS Dill, Tor its provisions are all against
Senator Benedict said no; the Populations here
were for the banks.
Senator Lewis-lf the Senator from the Fifth has
been approached by the baggage train probably he
knows.
senator Benedict--I win not call them by the
name OF baggage train, but have been approached
by gentleman from the money centre OF New
York city, VINO argued with me In favor OF the pass
age oil this BILL
Senator Lewis thought we had no more right to
put legal price on money than on manufactures
and labor These men who form comhinations I'm
Wal street tn ,ocr nm m"nav shnn,d a,nni. no MI
al ~ ces W ,o.A Wy noheJ enou'u snPy NC put
senator II p Wood said M for no tho h,u rooro
sented tho interests az hanks no had a natitian
now signed nv every banEin@ comnanv in hiS c,tv
ISvracr.el aSting him III veto tor ND h,,i a.,
M nreSjdants az some of those honrs ban haan
w = ,'. - - -, SUM- '" ''"se "1N' NJ" oeeh
"hi'cu upon oy She
IRREGULAR LEGISLATIVE MlDwIvES,"
and given to understand that substantial reasons
must be forthcoming to secure the passage of the
hin "SktlIed TALENT, had been brought 10 hear in
ITS interest," illegal seryices, of men who are NOT
legal adopts had been put in practice.
Senator IleInann asked II the Senator could tell
him where he woud and a check Tor his baggage
in that baggage train (Laughter1
Senator Murphy said that the Senator from the
Twenty-second was given TO insinuatinp that mem
hers were influenced by
IMPROPER MOTIVES
in their legislation and now he hints that the
members are TO be Influenced to the passage OF
this bin by the passengers on this coming baggage
train Yet he ADMITS thai il is a GOOD mn ami he
will vote for it, provided il is amended TO postpone
rho dav nj It's taEing enact "a January insraa
Of 80, Snrnna~ ,,o,u iS ~ IL a. go, hi ,