The New York herald., 1877-01-23
THE STATE CAPITAL.
Inquiries into the Debt of New
York City.
mr.. MORRISsEY WANTS INFORMATION
Full Statements Demanded from All / ife
Insurance Companies.
ALBANY. Ian. %. 1877.

ALBANY, Jan. %. 1877.
Both houses Of the Legislature rcassembcd at eight
O'Clock this evening with tho average attendance
of members. A fair share OF business was done
lew important resolutions introduced. Bxby's lead in
the Senate in the charge The lie insurance
panies was followed in the Assembly by Mr. Hamilton
Fish, so that there is prospect we shall soon
learn moro about the ulter;or cordition Of these
institutions than any official reports far gwen havo
revealed Mr.. Fshs resolution calls on all life ;nsur
ance companies report within ten days all loans on
real estate when made where the real estate is situ
ated the interest paid and the amount OF interest In
default An amendment by Mr. Hustled suggesting
iteen In place Of ten days was accepted. Mr. Spinoa
offered amendment calling for information as 10
payments for counsel fees bu. ihs gave rise to de-
bate tho resolution was laid over
THE CITY.
Following this a resolution from Mr. spinoIa.
calling the Comptroller oil the city Of New York u
furnish a statement showing the actual ount, as
may be, OF the debt OF said city and county,
with the different classes OF bonds heretofore Issued by
said city and county and the rate Of interest OF each
issue; also the amount OF property taxed the years
1S73i-5-6-7, and the OF taxation TOR each, to-
ec,her with tho gross raised by tax in each of
said years, as well the specific purposes for which
,ne same was appropriated This adopted.
PAYING THE ELEcroRs
o Sl5 day and mile each way, each
Presidential elector OF the State Of New York.
RAILROADS TO CLEAR THEIR TRACKS.
Mr. Post, who has had rather rough experience
this winter going to and returning from his home
Cayuga county had bill on hand compelling every
railroad in the State keep efficient plough,
anu IL IL iail do iail TO use II when II Is re-
quircd. shall incur fno OF 500 day for every
days omission.
third bill relation TO the Office OF Superintendent
OF Public Works made its appearance this evening" and
provides that the superintendent shall be appointed by
The Governor and Senate and receive annual salary
Of So 0O together with necessary travelling expenses
Before entering upon his duties he shall the OIL
cial oath and execute bond in penalty OF $25, U0O Tor
The faithful discharge OF his duties. Tho bill details
duties OF the superint aud all the officials
under him. IL also makes provision Tor the payment
Of all expenses. Deputy superinondents arc provided
tor with salary oil Sd 900 annually to each
POOLS.
Mr.. Carpenter introduced bill the Senate relative
to the sale pools II provides Tor the suppression o.
pool selling by imposing penay oil tine o 81, OO0
aud Imprisonment Ior one year, or both.
Mr. Norrissey introduced Of resoluttons calling
the Comptroller OF city oil New YORK for u
tailed statement Of Tie debt OF the city. In pre-
resolutions was 10 Obtain, II possible, correct
statement OF the debt Oi The CITY OF New York. and II
has been impossible get at the gures with any de-
gree OF accuracy, and IN wow OF the many contradc
statements regard 10 the subject he thought It
proper obtain the much desired Information by
method proposed by the following resolutions
Resolved That the Comptroller OF the city OF New York
be requested to within ten days
following fxcts:-
bonded indebtedness Of the of New York.
specifying dcta each and with reference
class. the date OF issue the laws
der which ssuedthe the date the
of interest and Tor which OF the classes Of bonds spec
bed fund OF te city pledged
SeV0ad-As nearly be conveniently ascsrtained
the the Gains outstanding against city
disputed Dy the local autloritics.
sinking fund Of the city speci
what securities sueh fund consists giving
such As they he identified whenever they
portion of the bonds reported as outstanding under the
drst inquiry above.
iou-The amount and classes bonds Of the city
landing and already in the sinking fund the
denpon OF which sukng fund Of the city
specific ally pledged
Y;Hh-The outstanding real
paid constituting subsistimg liens the
omittnx those where tho OF the have
been realized by the city by sale CT the property.
Silfh ximatey the amount which the city has ad
upon uncomplcted public improvements
posed
Sy~mh-What important works now in progress
authorized which is paid,
be paid from bonds other than bonds
under what they progressing aud what APP
proximately will he the further amount required
plete them
Mr. Morrisscy said he desired TO learn the correct
OF the Indebtedness tor the purpose Ot ing
such legislative action will allow the iuudng of the
debt
The resolutions were adopted.