New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-02-02
ALBANY.
THE WORK OF THE LEGISLATURE.


MENTs BY THE MAYOR OF NEw-YoRK-AN EN-
PLANTATION BY MR.. AIvoRD.
IFRoM REGULAR CORRESPONDENT OF THE TRiHuNEI
Albany. Feb 1.-The Senate at its session
today passed the resolution introduced by the Assembly
Committee on Ways and Means yesterday, asking the
commissioners OF the new Capitol to cease WORK Oh te
exterior OF the building. On motion of Mr. Morrssey
the Finance Committee were directed TO report wiin
10 DAYS whether would wise to on with the new
plans.
Mr. schoonmaker presented bill providing that con-
tracts obligations made or entered INTO py mariiou
woman Except between herself and husban shall DC rs
valid for all purposes II she were unmarried ana may
be enforced and against her as II she were single An
important bi entitled An act to restrain brokers ana
individual bankers from imposing upon the pubic ana
10 protect the public from unauthorized banking was III
troduced by Mr. Looms provides that II shall DC u
lawful for any person. partnership, association dong
business as brokers private bankers within tDs siatc
not organized ais bank under the laws Of the United
States or under laws to place over their place
OF business, to inscrbe upon any DOCK, check' ur
certificate of deposit, or other paper the name
of any county, city, village town. NIL 'aiey'
lake or any other device by which the pnohc may
be led to infer that the banking business OF snch per-
son or partnership being conducted by person or per-
sons duly authorized act bankers under the laws
referred to above.
Mr. Tobey presented petition from Mr.. S. Mofitt
agent aud warden Of the Clinton Prison asking Tor an
Tousy of the Special Prison Commission In the report
lust made public. The subject of the petition was re-
fer,ed to the Committee state Prisons, with power 10
send for persons and papers The Senate passed MI
Coles resolution requesting the state Engineer 10 make
inquiries relative appliances for heating railroad cars
without carrying fire in the cars, and TO report the H.
formation obtained TO the Senate
Mr. Bakers bill providing for the salary OF the Superln
tendent Public Works reported fav0iao rom the
Canal Committee. Its provisions have already been
gwen in THE TRIBUNE. There was only one change OF
Importance made the bin by the commttee and that
WAS one making the Controller the paymas;er OF the
Superintendent instead of the Auditor OF the Cahai
Department.
Insurance bills have been introduced at almost every
session of the Assembly so far To-day was no eAcep-
ton There were two bills and one resolution respect
ing insurance brought forward The most important OF
tie bills was presented by M Grady II provides that
in all cases where there shall hereafter be held an cleo
t of directors or trustees OF any life insurance COM
pany organized under the laws of this STATE no votes ny
proxy shall be allowed cast the proxies for winch
vote or votes have not actually been executed Tlthh
three months prior to the date OF such an election
Another section provides that proxy shall hereafter
be valid for the purposes of casting vote or votes
at any election of directors or trustees when
has not been duly acknowledged as execute"
before some officer authorized TO take acknowledgment
of deeds also provides that when an election OF rus
tees or directors Of any life insurance company having
cauta stock and organized under the laws OF the state
II suc company is possessed of assets equal in value to
at double the amount OF the capital STOCK OF suc
company the policyhodeTs shall be authorized and en-
powered TO vote equally therefor with the stockholders
1t expressly provides, however, that one half II the
board of trustees shall CONSIST of an even
number and not then than one half OF said
ord of directors shall be elected by the
stockholders exclusively, and the other hai or
one less than half, as the case may De-
shall be elected exclusively by the votes of
A11.0. hold nj q
surance in such company" itsays, "sha be entitled IN
such election to cast vote for each $1,000 OF in
held under such policy either IN person or by
proxy duly executed within the time prior to such eIec
ton Parts Of 81 900 OF insurance snail not be estimated
in voting One OF the teer authorized to receive and
count the votes at any such election shall be appointed
by the superintendent Of the Insurance department and
shall lie person officer, empoye. stocAholdei, OF
policy-hOldcr in the company"
Mr. H. H. Rockwell also submitted an Insurance bill
Ii provides that action against an insurance con-
many doing business in for the recovery OF any
sun upon policy issued by 1t and claimed TO nave ac
cued by reason Of the death of the assured, such life
insurance company shall be entitled TO avail itself as
defense of any alleged breach of warranty or false
representation made by the assured at ana Deioc the
issuing Of such policy where the same SHALL have been
force, the company shall have received tile pre-
MUM thereon for than five years.
Mr. Purdy offered the following, which was laid OF the
table:
Whereas The recent failures of life insurance compa-
nice and the disclosures attending thereon have created
much anxiety and alarm i'll the public mind respecting
The solyency business stSudng, and practices OF ne III
surauce companies doing business III TINS STATE there
fore - ..,
Resored That special committee Of Ave be appointed
send for persons ana papers, ana 10 en-
p,oy competent expert assistants 10 examine INTO nc
practices and condition of the lie insurance companies
authorized 10 do business III TINS stat ana 40 eoi 20
this House a soon AZ pracicaDlc VIVA: rcied e1H
tOu il any. is necessary for the protection oil the me
insurance Interests OF the people
Mr. Langbein introduced an important bill in relation
10 EewYOrk provides in brief terms that the Mayor
henceforth Shall appoint the heads of departments and
commissioners NewYOrk, ana also all members OF any
board or commission authorized TO superintcnd the
repair any building belonging to or to be paid Tor by
the city, whether named in any law appointed by any
local authority. Every head of department thus aQ-
pointed hold his office for the term of six years and
in each case until person is duly appointed in his
place The terms office Of the new heads OF depart
ments if the act passes, will begin May next The
act also provides tIdt tlr hdvor ma! ur ar az
office by the Governor III inc sahe n nan a.
Sherifs. The Mayor himself may remove the hcads
but must state nj writing the officer removed the
cause OF his removal Mr. Hcay presented "a DlH Which
would abolish the present Dock Commissioner ana SUD
sttue for them IN officer 10 be known as The snefln
tenden OF Docks THIS new officer would be appointed
by the Mayor.
Not discouraged with cold reception by the Senate
Of his resolution for the appointment Of cOnlnttee to
draw up bill 20 prevent the Injurious anagamaton OF
insurance companies Senator Bixby has drawn up bill
for purpose. II merely modifies slightly the
present clause OF the insurance Law regarding aalg
nations. It provides that in rensnrng policies III
another company the policies must he rensured indyid
allv This VIII prevent policies being transferred 10
Other cOlupa.es bulk, and VIII gave individual pOl-
Gtd y. an pnortunitv 10 resist such transfer. Tie
mot Important feature OF the proposed law is pro
libiting of any policy III another com
pany after i: has been sx tue books of
pany.
MI Georges Coe. President Of the American Exchange
National Bank, made long and very forcble argument