The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-05-18
on motion OF Mr.. Alyord,

morton Of Mr. Purdy was amended that the cxpen-
diiure shall be IN the discretion of the Comptroller.
THE A.NoRy
Tho next and worst job OF all bill to pay armory
CLAIMS. II was engineered through the Sona,e BY
Colonel waasta, ana ho has the good taste for sena
Tor To down on the floor OF the House ana lobby
for II there. Tho truth about this transparent
job Is that tho Chairman oil ,hn Aldcl.
manic Committee Ariaories some years
work to do Oh the armorcs 10 pV-sons and they
put in their claims To Comptroller Green dozen times
and no often rejected them having standing in
law and for the equity low thousand dollars would
have amply discharged them. Tho claims we're sold
a lew cnserprislng lawyers and they raised the
the floor lo-day working tho bill through. This bill
unlike the other docs not leave II discretionary With
tho Comptroller, but lcsalizes the claims ami conpcis
payment On show oil evidence where VIII these
claims end?
which lie snid hc received from ComptrolIcr
Kelly, iavoring tho claims. Mr. IIealcy pro.
bounced 1t forgery and Mr.. Fish declared
II In substance 10 he tho II Is nobody
heard from Mr. Kelly on the subject, though he
two who net as sort o! agents, except Mr Fc.
clcsnc Anyhow sir. KcsIy's letter did the work aud
OF the worst Jobs oil tins any session o. late
years WAS buried through Both bills being SPECIAL
lcgsation VIII inevitably 10 vetoed by the Governor
RAILROAD ASo TELEGRAPH COMMISSIONERS.
In the House to-day Nr splnola moved TO secommt
tLis bll with Instructions out tho enact,ng
clause Debate cnsncd. in which Mr.. sivorG opposed
the Iii! and Mr. Gilbert sustained IT, Fna,iy Mr.
Spinola denounced tho scheme q blaos ma!ng one
and declared that II would draw from he state
ury $4,000 annually. he withdrew his mouon 20
question the passage OF tho uil. which ordered.
Tho bill was then rciectcd--30 10 ~.
THE
A meeting OF the conference committees the FL
nance bill was held this evening in senator Wocd'ns
rooms tho Dcevan, and IT finally agreed
cnpt tho school teachers and Tho Whole Board ol Eau
cation and It's cnloycs from any by the
Board OF Estimate and Apporonment in the matter OF
reducing salaries The ircmca and policemen arc
made laDic 10 lhc acon Of the Board IN this respect
aud also the heads al departments.
BILE.
The Governors veto oi the supply bill naturally
enough, occasions good deal OF Ink today N Albany
especially among the natives, who almost unani
mousy down upon HIS Exccllcncy Tor dcpriying them
Of the benefits they hoped Tor from The circulation OF
81 DOC, oOo in their midst The rage OF the boarding
house keepers. to whom the workingmen are
largely In debt no uounds AMI
Tho petty slorckcepers are disappointed beyond
expression TO this anco i and sleepy town $lC01c0
appeared big bonanza, and no wonder there ndg
nation against the man who shattered the loud neIu-
sion that Albany should enjoy H. Very many OF the
workngmen deserve sympathy Tor they have in
debt Tor everything, anu have kept on here under
promise OF having their places restored to them after
tho passage oil the appropriation; but many
more OF them are mere loafcrs, hangers on OF po
cans IN the Senate ana Assembly, who sit IN the park
all day long and all tho sunm.r round, ana would
job where nm honest day'swork Is demanded
Tho republican politicians Of the Hustled aud Harris
stripe would be delighted II nothing were done about
the Capitol Appropriation, as II would gam them
all the un,hnkng credit OF tho workiasmen and maze
tho Governor corrcspondingy unpopular, but Us ony
the densey ignorant among them who do not romprc-
bend that the Governor is perfectly willing and anxious
TO sign appropriation 70 nclp them, provided It Is
within "A reasonable limit
The talk about passing tho million dollar item over
the Governors serious II could certainly
be donc both in House and Senate, us enough demo
Gratis ready 10 vote with tho republicans Ia sup
port OF such action .! course the oRpoitany Is too
Committee 10 draw up bsort OF rcmonstrancc against
the anu take siapat tho Governor, incidentally
referring 10 tho fact that TO allowed the item o!
S25 900 for tho Catholic Prolcctury remain. The
Governor appears prepared to stand all they do
say.
THE BANKING BLL
Tho Cowdin Banking bill was adversely reported to
the Scn.le bat motion disagree and send 1t
Committee OF tho Whole carried by "a To g.
PARADE GROUND HILL.
The bill repeating the Parade Ground act came up in
the Senate, aud DIR Morrisscy presented petition Of
proper ~ owners asking that The bill be amended
to allow them TO apply 70 the supreme Court for com
msontrs TO lie appointed 10 appraise the damages the
property owners are entitled to.
The GRAHAM INSURANCE BILL.
ARGUMENTS ~ COUNSEL IN OPPOSITION TO THE
NEUTRALITY-SUSPICIOUS. STRONGLY CON-
DEMSEu.
ALBANY n. r.. May II, 1877.
The Senate Committee on Insurance had further
hearing this Afternoon Senators Tobcy and Prince
ing present
Mr. John " L. Pruyn appeared for the Mutual Lilo
Insurance Company, OF which he trustee, said
that passage oil he Graham bill would end the
necton oi all strong aud reliable In the State III
companies, because OF tho penSi provisions
Incorporated in It. lie thought there had boon
important matter before tho Legislature during the
session. The Assembly act before hun not a
thoughtful and deliberate measure Of the Assembly.
lie afraid there tiinc to amend the bill
sufficiently Whether 1t Was tho right thing Tor tho
committee TO report such bill without amendment
ut this time the question. Hc did not believe that
In saying 50 the committee would understand HIM u
having personal interest In the matter lie believed
the public policy holders had the interest.
IL necessary deal with life insurance deliberately
and souIdly. " ought to 60 over order that tho
committee as provided by Mr. Hustcd's bill. should
consider and report bill
Mr.. Tobcy-Thore arc certain provisions IN the LII
which are admitted to DO aud which should be
reported. think however. there many prov-
slons tho bill which lcgisatc against the policy
holders. and Tor this reason Ihink the bill, with
proper amend,n crasurcs Should 10 reported
Mr.. iruyn-l wish IN that cnsc 10 propose certain
amendments 10 the present bin Inc supcrn tenicnt
present has ali the powers proposed TO be givea him
tue Grst section of the bill
Mr. ToLcy---t nder amendment agreed to 10y tho
House COMMITTEE the section proposes TO allow him
10 nuke examinations every i've years.
Nj. pruyH--Oniy every i've years
sir. roDey--well, no can make examinations
oilcDer, but he must make them once ~ I'VE ear.
As the case st,nas could make exam inalious
ostcncr unless no detailed b whole force TO do IL.
PROVISIONS oBJhcTED
Mr. Pruyn objected 10 mo pfossion that the super
int. nncnL Attorney ucnera shall suggest tho
namcs OF receivers OF inaoven companies. fnc AZ
poinlmenl OF the superintendent - political aud just
nov Is opposed ioItGs tue AtiuTdcy
IL 10 SEQ that there might DC suggestion
ALL ho ocnevcd any suggestion To court oil th4t
MAS detrimental to the poncy holders. Wan The
superintendent, who is politician there are iikcy
10 DO many arguments brought 70 bear. IL
the Superintendent appoints nobody receiver you
put upon the Court the responsibility OF appointing
him some who has hot the recommendation
Ia III authority as that ot tho crlei o. the &C.
lurtment The clause Requiring th,t securities only
shall purchased where tncy arc held ut par OBJ
ecIouasic beeausc tho company ought 10 DO allowed
10 stocks less rate II possible. And In tho
same the requirement that Insurance compa-
ucs funds should DO Kept separate ia truss companies
o! deposit Is faulty. because prevents the
companies drawing nj sight. In section tnrcc h SAID
the rcqu rcmcuts therein made upon each INSURANCE.
company comprised the very extreme OF FOLLY.
tpou aqucstion involved III another section, nr.
Henry Furbcr said that The form OF the report iac
been agreed upon ny the Commissioners OF all The
status. this section ovcsct II entirely. IL worid
b. hcttcr iayc tho ofi.nai form ro-enactcu. "a
woui. sccuirc the Mutual Lie send their books
hcsc ii ~. rho history o. each policy