The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-02-19

in the metropolis; but they are not supposed to be
as well acquainted with the necessity OF rapid
Transit, the sort needed, and especially with the
York city.
SENATOR GROSS RAPID TRANSIT BILL
me Rapid Transit bill OF Senator Gross. intro
duced to-day. provides that, II the people OF New
YORK shah so decide at the next general election,
then the Mayor OF New York. the President OF the
Board OF Aldermen, the head OF the Department
OF PuDllc works or said city, together with
six other freeholders TO be appointed by the
Governor, with the advice OF the Senate shall
constitute Board OF commissioners 10 construct
city railway for rapid transit in the city OF New
York. said commissioners are to serve without
compensation. except the chief officers thereof
who shall receive salaries not exceeding SO, 900
each. IL shall be the duty OF said Commissioners
IN behalf OF the Commonalty OF the city OF New
York. 10 construct line Of railway for rapid tran
SIT from the Battery to Harlem River. the road TO
have not less than four tracks
TRUST COMPANIES.
Mr.. Lowery introduced bill IN the Senate to-
day providing that every trust company or other
monled corporation which receives deposits or
which makes loans upon pledges or deposits ex-
ceptlng banks, shall be placed under the super
vision OF the superintendent OF the Banking De-
partment. Sucn institutions shall deposit with
the superintendent sum equal to one-iourth its
capital stock In bonds and mortgages worth double
the amount secured thereby which securities shall
be held by the superintendent in trust Tor the
creditors OF such corporation.
THE SARATOGA MONUMENT,
The Committee on Ways and Means had q meet
Ing this afternoon and heard eX Governor Seymour
In behalf OF the Saratoga monument, to coInmem-
orate the surrender OF Burgoyne. The petitioners
lot tne memorial ask for an Appropriation OF
100000. Governor seymour made very eloquent
appeal, and said IT was reproach that the great
State OF New York should be so Indifferent To the
commemoration OF the many his oricai deeds IN
scribed on the pages OF her history. Not alone at
saratoga Dut at many other points In the State,
monuments ought TO be raised to hand down the
glorious episodes OF the revolu tionary war.
Beautiful and patriotic as the Governors senti.
ments looked the committee were but poorly i'm
pressed, and there Is little likelihood they will
recommend the appropriation this year; at least,
they say, with bankrupt treasury and state OF
general dstress the poetry OF patriotism is Of
place.
The Senate Committee on Cities gave hearing
to Dexter Hawkins, Commissioner Van Mort and
Commissioners Wales, of the Central Park, in re-
gard to Days bill authorizing the expenditure
Of $2OOo,Ooo IN opening, extending and grading
streets in the upper part Of New York
city. The Commissioners of the two de-
like cats and dogs. Hawkins said he repre-
sented the citizens. but the committee were
unable to tell which side he advocated. Commits
soner Wales Is working harder than Van Mort,
but the odds are in favor OF the latter. The COM
mittee feel 80 bewildered by the contending trio
that It is nus useless to predict what they
insists that the Common Council should have
the determining OF the question, as they
the people OF the city and know how to
The Senate, at Its evening session, discussed the
Factory Chlldren's bill. providing no chlld under
ten years shall be employed factories and those
tain stated time In the year for attendance
at day or night schools. 1t also provides
and screens against accidents IRON trap doors,
wheels, belt shafting. &c. The section relative TO
allowing the children time for educational purposes
was stricken out and, after several minor amend
ments. the bill was passed to a third reading.
Senator Booths amended bill for the consolidation
of New York city and county, reported from the
committee, is substantially the same as the one
already published, only few minor alterations
having been made.