New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-02-21

Of act shall nevertheless be continued In force
TO an extent and for period OF time to be determined as
follows. The net value OF the policy when the pre-
MUM becomes and is not paid shall be aseertaned
according to the combined experience or actuaries
rate of mortality, with interest at per cent per annum
after dednctng from threefourhs of such net value any
Indebtedness TO the company notes held by the COM
pany against the insured which notes, gwen for pre-
MUM, shall then be Cancelled; what remains shah oo
considered az a net single premium OF HmPoiai' "
surance and the term for which II will insure sha eu
termined according the age OF the insured AZ 'he %
of the lapse of the policy ana the assuhp'io
ity and interest aforesaid.
The bding of rapid transit roads would ne somewhat
more costly If bill presented by MI Hayc pecoes
law but the resistance Of propertyoWnefs aiong inc o
of such roads might be greatly lessened Inc ac' pro-
yides that no person corporation snail De ao"eu W
construct operate any elevated railroad or rail-
vay upon along above through, over, or across any
,,c street in any OF the towns cities or villages OF
This state except upon previous payment OF compensation
TO be ascertained and determined III manner pro'ucn
IN the act the Of and TO all persons hteres'eu
as mortgages lessees, or otherwise III any properly
real or personal which might be Jur1ousy ahected Dy
an such elevated railroad The persons whose property
is injured may complain to court of record have the
damages assessed and prevent the further construction
of the road until the corporation pays the assessment
In the Senate another bill added to four-score
hills about the government of New-York, by
Senator Bixby. II passed. II will deprive OF
office on May / next the following persons: The
Fire Commissioners, Health Commissioners, The
President and the Commissioners OF Taxes ana
Assessment, the Commissioners OF Public Charities,
and the Dock Commissioners. All the department. tits
further provided shall hereafter with one exception ne
governed by only one commissioner Inc e4cepl.on
the Police Department. which is TO have two commits
eioncrs commissioners are TO ne ot dHerent
political faith and respectively belong 10 tne tWo
noltical aItes dividing the State. The Mayor IL. 10
make the appointments without the consent o the AlII
laa 1nn1p9
until Jan. l. 1879 Every second year thereafter lhs
Mayor empowered TO appoint new commissioners anu
tie terms the old expire. All vacancies are 10 ne heu
by the Mayor by appointment for the uneApIca tclH.
There are no changes made III the departments fActt
that the Health Department is TO be organized as ol
lows The Commissioners 10 be the President OF me
Police Department. the Health Omcer OF the Ioit, anu
the commissioners and heads OF departments are 10 po
80 900 each. All the powers OF tie present departments
are conf, rIcd upon ;He future ones: -
Senator HaIumOnu's bill giving the county ueaslfeis
salary instead OF permit ing them 20 make money from
deposits and fees, was passed -. = ~, :.
There was "A singh. debate over Senator ToDcys Dill III
relation TO the ANA SaIatiOn OF insurance companies
Last night section permitting an insurance conphg 70
reusurc policies within go days after TIC pocleh are
taken WIt the consent O the 0lcy Hoiuer acI
tina. time was stricken Cat. Several senators siiG 't
il was their opiuOn that there should nc provision
in the bill permitting the transfer OF policy from one
company TO another If the consent OF policy oIcr WAS
obtained with understanding that section shouIi
be drawn vi cHhCdyBE this featdIe the Dll wac recon-
mit.cG to lie Insurance Committee. In ITO ahelided
form the hi! only permitted reinsulance uer cum
pany had gone into the hands OF receiver ana tISu
linen only with the consent the SupcrHt cndeht OF INC
Insurance Department and the AttWncy'tnefal. MI.
Wagsaff introduced bill similar 10 that Introduced III
,hc Assembly on SATURDAY ly MI COwdn, prohibiting
the making of false statements Of thelf HuaciaI cohu
ton by fire insurance companies ana pctcrlbihS penal
tics. The bill authorizing C0hrolieI ht! 20 w we
: WIs