New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-01-07

compared with former years
This result Is regarded by the regents as most en-
couragng; for with all that is done the normal
schools the academies must continue great extent
60 furnish the teachers for the common schools es-
peciay in the rural districts Whatever Is done to ee-
waite and improve the institutions. in which these
teachers are trained will tend directly and positively TO
advance schools which they teach The range OF
subjects taught in the academies Is wde and IN the
character of tue instruction and the apparatus pro
vidcd for the Illustration OF science. many Of these lns
tuons fully equal TO the colleges or rev years ago
Tho number OF academies and academical departments
of union schools under the visitation Of the regents
2IO.
STATE uBRARY-THE MILITIA.
The State library, both IN its general and its law de-
paltments has augmented TO the full extent OF the
means at the disposal the trustees. More than
volumes have been added TO it during the past year
The annual appropriation, not increased for many
years, is quite inadequate TO its wants. especially in
the largely increased OF books. 1t is be-
loved to be worthy Of continued and enlarged support
The whole number of volumes its shelves is 1884
Tho State Museum of Natural History under the man
agemogt of Prof Hall, is In excellent condition, ana
most valuable contributions made through ii TO the
departments OF science which it illustrates.
The National Guard consists of eight divisions and 20
bugsdes. distributed follows viz: One regiment. one
battalion. and nine separate troops of cavalry; ~
batteries Of artillery, 81 regiments, u Dattaons ana
three detached companies Oi infantry making an as
gregate force OF 1880.
During the last year two regiments of infantry have
been disDanded aud mustered out of service, six
regiments infantry have been reduced TO bataions
and regiment has been reOrganized during the
same period six arsenals. which had become entirely
useless. have been sold. producing s25oSO OF whch
t2951 been paid into the Treasury ana s2oo re-
funded TO the village of DuDkrk and the OF ogdsns-
urg from which the sites Of of the buildings we're
o",S' t, commencement OF nv administration found
Of
ammutoa, aud tnunitions of war existed There were
reliable Inventories OF the property contained ~ he
araerais nd therefore means OF ascertaning from
time 10 dic whether it faithfully preserved. This
radical defect has been remeded Complete inventories
of he concBts OF all the prepared,
the COmmssary General of Ordnance has been made
Responsible for them. and whenever change takes
place Hereafter IN the incumbent the successor VIII De
required receipt for them The same system 0f ao-
intabify applied 10 the commanders OF regiments,
who are required bonds for the safe Keeping OF
tbc arms aud other property ~ their charge; In tue
progress OF the inquiries set ON 1901 10 "nere
tuch property 10 be found large quantities OF arms
aud munitions discovered outside of arsenals aud
OF military orgauIzat amounting TO over $4,000 IN
value Unserviceable property TO the amount of ST. 80
Toe force III the arsenais has been reduced by
The ds7urge Of superiuous employees, ana saving OF
kSla = pg auu,n has been effected. The accomplish
nrnr OF most efficiently carried
our oy the Adtrtast General aided by the Commissay
systeri Of thorough inspection has been introduced
with VERY beneficial results by the Inspector-Geuera
and me National Guard is believed to he better organ
lEsi. dis ipIed, ana prepared Tor acuve service IMAM
GA the January last the sum OF s92,650 81 was
received the Federal Government on account OF the
claims OF the state and on the 10Th March further
OF sO7.l)s Os, in all s3Ool4S 80. The account pre-
10y the STATE shows balance of sl29236 II still
due TN. includes Sljll3S OF account or IN
teres o. controllers bonds. which cannot be paid with
OF Congress. aud also an instament not yet
examined Of t5 $50 TO- The remalnder sl5t5V7 w Is
made up Of diSal0wed and suspended items, OF winch
probably not than third VIII be obtained.
TRUST COMPANIES AND BANKS.
Some legislation is desirable for inc regulation OF that
els, Of norcyed corporations known IA trust loan, aud
indemnity gurautee. and safe deposit companies.
Banks OF discount aud deposit and savings banks have
general system by which each class is regulated, aud
no reason perceived why the corporations referred to
sh1uli not be placed under similar system, the pro-
visions OF which shall be uniform. The lastnamed in
sttuons have, general rule, greater powers than
H. 0rncr under less restriction, uniform exc
t|runi ,uprision and with equal liability hazardous
rsk ana ultimate loss. Your consideration is respect
appieabe 70 all Institutions OF this class opera
ton requiring any which may be hereafter created
The Ncw-YorK Loan and Indemnity Company, in the
published announcement OF l5 powers ana PURPOSES,
makes conspicuous that IL - fully prepared 10
carry on general banking business" 1t Is not doubted
that Others engaged Al the same transactions aud
yet tEey %rs toa great extent iroe rom , IN
al those laws to which ~ IS Tue pocy OF tne o'ate 70
fds OF the oltlHens OF the state
Ss S@ s TS@s sr &c f nereasnS
whio legislation IN regard TO them nharmonous
with itself md wrtn TIM principles which have been
deemed sound in respect TO institutions Of this charac
One company IA under the supervision OF the state
q Controller another. certain sense, OF the Bank
SuperDteDdont while third Is the ward OF me su-
the adoption OF a uniform sy stem Oh accouhIaOlnF;
On the nrst day of october last 50 banks were doing
business under the laws OF the stte DURING dne nsca
year circulating notes TO tbs amount OF S2og'2 We're
destroyed by the Bank Department one hundred ana
tron banks were credited with lost circulation to the
amount ALL OF 's4oO9iS. the time Tor redeeming the
same. after the usual legal notice. having expired
The amount OF CIRCULATION OUTSTANDING including that
OF Incorporated banks banking associations. and iDd
Vdual bankers was on the LIST oI October last SliOO
JIG So OF this amount the sum OF sjS6O was secured
by deposits of cash. stocks or stocks ana mcrtgages
zoe being circulation issued prior TO the pass
OF tue general banking law not secured by any
depOsIt m the Bank Department.
There we're Il banks Incorporated prior to the enact
ment Of the General Banking law. that had not on the
221 May last the date OF an act TO provide Tor their
final closing. taken any steps toward such closing.
Twelve since given notice OF final closing
under provisions OF that act during the nsca year
one bak discontinued business and 3 were organized,
II of whi,h commenced business. SIX OF these latter
were changed from banks organized under the national
banking laws
SAVINGS BANKS AND INSURANCE COMPANIES.
There were ON LIST OF July last lJ2 savings banks
reporting 10 the Bank Department Uhree OF which
closing. with assets aggregatTug s5i4,755.77O The
increase in assets during the six months ending July
1873 amounted S9425.i39. The number OF persons
having deposits these institutions was. according TO
the number Of open accounts the lt day OF January,
ls73 s22G2 being increase OF 1892 deposits during
. the year then ended.
In NY annual message in January last 1t was recon-
meudcd tuat general law should 90 passed DENIM
tre powers OF savings banks and repeating al special
privileges existing charters inconsistent Win IT. ~
Mas also suggested that the amount w6lch any one
individual should be allowed 10 deposit should be
limited. These suggestions renewed, with the FUR,
tner recommendation that these institutions should
not he allowed to pay than five per cent interest,"
ON deposits These deposits exceed S1O0OOCUO ana Tue
Gee ~ S, eF rS s sIs ss attention of
The legislature Iae primary consideration Is safety,
msnts snd by moderate OF interest 10 depo,iiors
Five per cent - believed 10 Do the maximum when
these Institutions can afford 10 pay, If sound rules are
Z Is also recommended that director officer of