New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-04-19
CLAIMS AGAINST STATES.

A BuI TO ENABLE CITIZENS OF NEW-YORK TO RE
COVER DEBTS DUE FROM REPUDIATING STATES.
tFRoM THE REGULAR CORRESPONDENT OF THE THBUNE.l
ALBANY, April 18.-The Senate had pre-
scented to it this morning bin OF National importance
II it becomes law and accOmpllshes the object of its
authors it VIII undoubtedly be adopted in all the other
States OF the Union. For some time past lawyers in
Eastern States have been trying TO discover some
way OF compelling the Western States who
have repudiated or "readusted" their bonds
to pay what they promised when the bonds
were issued. citizen" cannot sue State, or If he
did and obtained judgment would not have any way OF
collecting the debt But cannot State sue another
State in the United States Supreme Court obtain udg
ment and through the United States enforce PAYMENT
This point il declared has been settled TAX
ing this their base Of operations against delinquent
States lawyers interested In such bonds or rep
resentng those interested in them have drawn up the
bill referred to above The primary idea of the bill is
have the of repudaed bonds assign them TO the
State of NewYOk for collection and to have the Attor
neyGeneral the delinquent states in the Supreme
Court of the United Satesa expenses to be borne by
the owner of the bonds. If the money is recovered in
this way OF course the holder OF the Donds Is 10 DC
repaid.
senator J. F. Pierce of Brooklyn, introduced this
novel bill. 1t IL given in full below
SECTION Whenever any citizen Of this State shall be
OF America, arising upon written oDhgatloh 70 pay
money issued by such state which 0o1gatlon snal De
nav on the same to the People OF the OF New
York and deposit the assignment thereof duly executed
and acknowledged In the form and manner provided for
the execution and OF deeds Ot rea prop
ery by the this state together with all the evil
dence necessary substantiate such caim with The
Attorney-G General of this State.
sEC D. Upon such deposit being made 1t shall be the
duty OF Attorney General 70 examine such CAIN ana
the evidence thereof; and IN ms opinion here Is
force vested by such assignment IN the People OF ne
state OF New-IOrk he the said Attorney-Genera snail,
upon the assgnor OF said claim depOSluhg win III SUN
sum as he. the said Attorney SHAH deem neces
eary 10 cover the and disbursements ncldeht
10 or which Incident TO the collection OF sau
claim, bring saeh suits aetious o. pfSeegugs ~ the
name Of the State Of New YORK IN the supreme court OF
tic United states the said Acknowledgment shau
deem for the recovery OF the money due upon
such Claim and shall be the duty Of the said Attorney
General 20 prosecute such action TO hna judgment ana
10 take such other steps be necessary ater Judg
Ilent the collection OF said claim, ana 70 carry bucu
Judgment effect with the consent OF the assignOr,
10 compromise ADJUST and settle the said claim before
sre Sothng in this act shall authorize the expeh-
dure OF any monies belonging 60 this State, but the ex
penses Of SAID proceedings shall be paid by the
assignOr OF such claim; and the assgnor OF such
In the prosecution thereof in the name OF the
Peoue OF this State Of the state OF NewYorB such
other counsel the ssd assgnOr snail deem necessary
but state shall mol De aDie Ior tue ICES oi suen
counsel any part OF them a., -. a., s 4, 49,. -,
sgo A. When the word citizen is used In this act
AZ shall construed 10 mean corporation created I'M
er the laws Of STATE as we'll as natural persons
SRC b The Attorney g General shall keep all moneys
such claim, or py reason OF any con-
promise OF any such calm, separate ana apart RON any
ami shall deposit the 10 his own credit
"a sDeciaI trustee under this act, IN sucn Dank
or banks trust company or trust companies ~ ne snail
select and the SAID Attorney General shalt pay Out 70
fbs sssaor of such claims all sucn sums OF money as
may he recovered by him In compromise or settlement
of such claims, dedueting theIefrom all expenses III