The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-05-15
THE STAVE CAPITAL.
Final Quietus to the Winslow
Usury Bill.
Scare Of Country Members and Tao
tics Of the Democrats.
Election Of Regent Of the University Senate
Session on the Constitutional Amend
ments-Assembly Amendment
to the Code-Ezra Cornell
on the Defensive


on the Defensive.
ALBANY May IA, 1873.
The Usury bill or rather the bill which was in
tended TO abolish the Usury laws. got its final
uuletus to-day IN the Assembly 1t is conceded
that Speaker Corneli's amendments served TO de-
feat the measure and that he has been all along
playing double game in regard TO II. lie was
anxious 10 ride on TWO horses-the city and the
country horse at the same time-at the start. He
was unwilling go for the bill in its original shape
for fear ne would lose caste among the country
men, and tackled on his amendments with the
view Of tickling the rurates with the idea that the
bill would only be passed as brief experiment,
and OF enabling him to gain favor
with the moneyed interests in New York by voting
for the bill as amended However, when put to
the test to-day, he fell in with the current, and
was not courageous enough to stand by his own
amendments. Still it must not be supposed that
he at any time had suficient influence to carry the
bill one way the other, for the tide against IL
that rose in all its might to-day was turned solely
through the efforts of such men as Batcheller,
Lincoln and two or three other leading men from
the country.
THE DEFEAT OF THE BILL,
as amended, after having been ordered to q third
reading in Its original and more radical shape by
lation which are In most instances past find
ing out. Yet 1t may be said that nine out OF
ten OF even the country members believed that the
principle embodied in the bill was right, but were
afraid to stand by their own convictions for fear
the passage Of the bill would hurt the party. 1t
was this "bugaboo" Of party that drove every
one OF them into line The democrats had intended
to vote for the bill If the republicans in favor OF it
were strong enough to carry it through by their
aid. However, when the scare became SO general
III the rank ana file OF the majority, the minority
saw that 1t was useless to play any sharp practice
and 80 the word was passed round ior eaca one 20
here TO even aliude at any great length to
THE EXPLANATIONS
made by some OF the country members before they
voted. Each one who took advantage OF the facile
privilege OF being excused from voting until he
could put himself ON the record aid so with intent
TO make his country supporters believe that he had
never AT any time been In favor OF the BILL either
in It's original or amended form. The hiialuters
like Coggeshal, talked about the way the cheese
press and haymow people could strike hard blows
whatever that may mean, and sophomorically be.
strike hard blows. He was followed by Others but
i sniiices to say that everybody tried
opponent OF the bill, no matter what the record
OF ten days ago had shown. AS motion to recon-
slider the vote by which the bill was lost was voted
settled for the session, and the country members
aspirations for another term OF Assemblyship ten
fold stronger than ever.
ELECTION OF A REGENT OF THE UNIVERSITY.
The iormaity Of an election OF Regent OF the
University was gone through with to-day, and Mr..
IN pursuance OF the decision Of the joint caucus OF
the republicans last evening. The democrats voted
for Anthony Eickhotf, OF New York. great deal
oil merriment was created during the pre-
hminaries IN the House, and before the Sen
ate had put in an appearance. MI. Roche
started the ball by voting Tor Denny Burns whom
he styled the Chief Of the Lazzaroni Mr.. Hustled
made the point OF order that MIR. Burns, being a
member OF the Legislature could not. constitution
ally, be placed on the records as having been
.'elected" Regent. The Speaker, amid roar OF
laughter ruled that there was no evidence before
the House that DIR Burns was member OF the
Legislature. General Batcheler and Commodore
VOOrhis were then appointed committee to wait
on the Senate, and, after they had gone out, Mr..
vedder moved that. during the absence oil the
army anu sh may e pan anon
The Speaker decided That the motion could not be
entertained, but that suspension OF the rules
would be requisite to obtain the object sought for.
Mr.. Pierson, against whom the laugh was turned
by vedder's motion, nothing daunted, arose and
asked for suspension OF the rules. This brought
the House down In outlaw Of tremendous proper
lions. The arrival OF the Senate put an end TO the
hilarity. II may be mentioned that George Francis
Train got Mr. Oakley's vote for Regent. Oakley Is
going TO New York 10 have himself locked up IN the
TOmbs Tor six months.
TOWN BONDS IN AID OF RAILWAYS
The bill legaizing oil bonds issued by towns In
aid OF railroads was the subject OF very spirited
contest in the Senate to-day nearly every ssnai2T
said the effect Of the bill would pc to legaze thou
sands OF fraudulent bonds and every bond that
take away the right OF the people, who are in
Court upon this question, and TO cut of their de-
fence IN the bonding cases now pending. He IN
Atlantic Bank. Some banks may sut1er, doubt
less but they had better suffer than have such an
outrage as this perpetrated upon the people. Sem
ators Lowery, Johnson and Palmer spoke strongly
and earnestly in favor OF the bin or excuses from
voting On the vote the bill was carried by IL to
Is. Woodin then moved reconsideration, and made
another strong argument against the bill. General
discussion ensued, and the Senate soon found the
sav had haa llnn Sana tor
Murphy defended the bill and Senator Amcs OPP
posed 1t, both on the law points involved. Argu-
Lowery, James Wood and others, when woodin
made further motion to lay on the table, which
was agreed to.
FARE ON THE EIGHTH AVENUE.
The bill reducing the fare on the Eighth avenue
road was recommitted to the Railroad Committee,
and the fare viii probably be reduced to six cents,
instead OF Jour- as proposed In the bin.
THE sPiER TRAVELLING SIDEWALK
bill came up on third reading, but sudden
storm OF opposition was disclosed 10 the passage OF
this most absurd OF all the rapid transit fantasies
and II was recommitted TO have the residences OF
tncorporators inserted.
First Senate Session the Constltu.
ti0nal Amend IN ents-The Code Dis
cusscd In the House-Exception i'm Fla
vor OF Women md Editors from Arrest
Wcstchcster Annexation.
ALBANY, May l4-Evening.
The Senate went into Committee OF the Whole on
the proposed amendments 10 the constitution, Mr.
Allen in the chair. Messrs. Lewis and Murphy ad
vised that few amendments as possible be
offered, as the work OF revision had
been carefully considered by the commission.
Slight amendments were made in the sec
ond article The third section, relative
10 the Legislature and the various
districts. was passed over without consideration.
A proposition to make the annual salary OF the
Lieutenant Governor $1,000 instead OF $4,000 as
recommended i'll the amendments, was lost. AT
Ten O'Clock the Senate rose and reported progress.
AMENDMENTS TO THE CODE
On motion OF Mr.. Hustled the House went into
committee on the bill amending the code Mr.
Beebe offered an amendment providing that no