The New York herald., 1878-03-29

HErwEEN THE ExTREuka
Taking mis- position ground between tho ox-
tremes. Mr.. Brooks said he should be very unwilling
to advocate any measure which would compel idle
ness in aiis or prsona The ails the nurseries
oi the state prisons, and they both likely boz
devi's workshops instead OF rsiormatorss n the
not gwen occupation He referred
10 the OF the poor and insane In this
Try and the decrease OF the classes IN Great
Britain and compared the methods of prison aud
poorhouse management. especially In ireland, with
the de.riment oil the latter. In Ireland u
has beon found practicable TO employ convicts
construction OF public works with great advantage
and with htte or no risks. Gangs Of prisoners
frequently removed fifteen or twenty miles from their
places of con lneinent and kept At days un-
der the supervision OF foreman and q single dooc.
tive. In TINS way they are INJURED to industry and
places, many do, among the ranks of tho farmers
and aborers with whom they had previously tolled
RRJEcTED
The bill was, however, lost by vote OF SO to
so nays. there being lust two votes less n its favor
than the stituti0nal number required In answer
inquiry by Mr Alvord. tho Speaker said that II
there had been more vote Iorn he would also have
voted thus leaving 70 be Inferred that he approved
the bill
When the Commissioners VI Jurors bill uame up for
It's third reading this morning in the Assembly Mr..
Fish discovered and announced that, road by the
mittee on Cities, Of which no is chairman. As re-
ported II provides for the immediate cessation OF Mr.
men. % Of his successor by the Mayor at a salary Of
So 900 year. AS read the bill omitted to dismiss Mr..
Dunlap but specified sa e. Hs asas Con
winch made while the vote was in progress the
bill was defeated bv shower OF nays The vote.
however, subsequently, rcconsidered and the bill
Land on the table II will probably be referred back
tho committee aud resume their It's legitimate form.
PREcAUroS ABOUT ELEVATORS.
A bill introduced by Mr.. Seebachcr Is intended to
compel the covers Tor the openings OF floors
where elevators used, all kinds Of buildings
THE uyirRn STATES Deposit FUND.
The United States Deposit Fund Is one OF those
things universally spoken Of but rarely understood.
Forty years ago the United States Treasury found
Itself Portable condition OF plethora with no
.lal,s. .,,Ao l.rsvn nm h0nd
passed law directing tho distribution OF this sur
plus among the respective States. The money
and needy States Invested it In roads and improved
watcrcourscs, ana In various other ways, by which
trouble local Legislatures. Generally Il regarded
gut and the conditions OF the deposit that u was
10 DO held TOR safe keeping ana returned 70 ths
upon as pleasant actions New YORK state
however, always Ways ola losy IN, ~ It's nO.c1s
lend car to the clamors OF agricultural communism,
distributed tho money among the several COUNTIES 70
bc loaned upon arabic lands. Five millions was
large sum in those days. and the politicians OF 1887
did differ much from those OF 1877 in their
anxiety to control of public moneys with
which to obligo their trionds aud iollowera so
law embraced in chap.er 100 OF the Of that
year created two officers TOR each ;ounty to take
charge OF this lund The office Of commissioner
never unlmporant, ana Il viii be remembered
oil the .sHuckieberry Charter" the consideration
acted by the republicans who sustained the Tam
many chief was that the republican loan commits.
sioner should not be disturbed
PRESENT CUSTODY or THE PUND-MR HEPBURN's BILL.
Assembly bill 96 which Is now in tho hands OF Tho
cry controlling United States deposit fund this
State, and WILL II becomes law turn out OF odice
the funds IN tho various from the State OH
cers nominated by tho Governor and con-
hrmed by tho Senate TO commissioners TO DO
counties or before the 3lst DAY OF December next
THIS subject now becomes important. not only be-
cause loans from the fund are outstanding in every
county OF the State but also because title s
ect without separate search IN the records Of tho
1887 arc distinct from ali other records Ia
the Offices OF county clerks or registers.
n0a s ss'%ps so Da p snS s .ens
after completing tho ordinary EXAMINATION, are
obliged TO examine tho separate records OF tho loan
commissioners and pay u fec for doing Although
total amount OF this iund outstanding In the
city and county OF New York is only $1SS,00O SO
many pieces Of property have at one time or othor
been the subjects OF mortgage from this fund
that stlo Is deemed sale without passing the ordeal
OF the fund in tho state Is about g. 60O 00U and
Tor its custody each county Is required 10 maintain
would be 120 and there thirteen aoances,
ADVANTAGES OF rhE OFFICE OF LOAN COMMISSIONER.
has long been claimed tnat the existence Of 100
ofceholdcrs to look aftor the Investment Of come
paraIively small amount Of money upon realty so,
curity was absurdity. and that any competent
official could attend TO tho whole business: since the
loans made tor comparatively long periods and
only be- lawfully placed 10 the extent OF my
per cent of the minimum valuation OF lands,
without any estimation OF improvements. Yet IL has
been iound Impossible induce the Legislature to
take this matter out OF The control Of the local
olc,as The reason is that tho Office OF loan com
missioner one of more profit than labor and affords
opportunity of making loans TO nesdy political
friends Al the last session Of tho Legislature
Comptroller Oicott procured the passage OF
bill authorizing an investigation into the ad.
ing that very largo proportion OF tho moneys
were lent insufficient security and in many cases
upon bad titles. The loans have been tU oxtont
reformed; some ol tho property has sold under
foreclosure $400 900 covered into the State
Treasury But no thorough reform has boon Objected
further than that the State has come TO know how
badly of II Is IN the matter OF this fund.- for which Il
Is responsible to the United States ut any time call.
AN EvAsIoN-THE ARGUMENT AGAINST CONSOLIDATING
FUND.
Mr.. Hcpburn's bill simpy throws the responsibility
naming tho ustodiaus OF those moneys back upon
tho countless and compes Ihem naino their
custodans In place OF tho gcnolomen who, iko bar
naclos now hold over Loan Comm two
years after The expiration vi their terms, be-
cause the Governor and tho Senate have nevor been
able 10 agree upon th successors Is therefore NOT
settlement OF the question, but an evasion OF It. and
surrender the part OF tho State governments 70 the
demands OF Localities Ia iavor OF maintaining large
corps of ecessary oticias
Tue argument against u consolidation Of this fund
Is that Is important to the farming interest OF tho
State that these loans should not DO called In In the
present hard times, and mat tho money should
be distributed among tho people rather than
DO consolidated In Investments In State or national
securities.
ANOTHER GUARANTEE TO THR COUNTIES.
This, however, does MOI seem 10 help ME Hop
burns b,ll the that the main lenanco Of
large corps oil oico holders has nothing to Go with
tho distribution OF the money. Those who oppose
the present Loau Comm ssioner system say that th0
money could remain lent In tho various countios
without many officers 70 supervise It, and Without
the exaction upon all real transactiona
whether concerned with this fund or not. II Mr..
Hepburn's bill Is not signed by the Governor another
bill M be pr Loan
ers records under charge
OF county clerks or registers aDoshing tho Separate
tees and providing tor ono or more officials TO look
alter tho instead Of the present company
Of Loan Commissioners. Ibis measure, II Is thought
would tho counties tho present distrbu
ttAU mt In din uvteh
the existing uncertainties aud extravagances OF ta
management
NEW PARKS.
Tho memorial oil Samuel d. Ruggles, on the social
and fiscal portance OF open squares n the city OF
New York was presented to the Senatc by the Prosi
dent. Tho memorial rectcs inat for many years Mr.
Kugglcs has boon resident OF New York; that
he learns, with serious concern, In common with
large numbers OF eiiow cltizens tnat The Common
Council OF CITY of Now York, under formal rc-