New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-05-17
SUMMARIES OF IMPORTANT LAWS.

SUMMARIES OF IMPORTANT LAWS.
WHAT WAS DONE AND WHAT FAILED OF ALUM
NEUTRALITY-SUSPICIOUS. AFFECTING DFfE"L-'i
INTERESTS IN TIE STATE.
rVRoH TIE REGULAR CORRESPONDENT OF THE TRIBUNE J
ALBANY, May 16.-A careful examination OF
The bis passed by the Legislature which a)ouFbeo yes
terday shows starngiy meagre result Tor -FOUR ana
half months work by 100 men, and at an ex-
pense 20 the state Of $4,000. The Governor had
sgued 269 bills up 20 the moment OF adjournment, ana
during the next thirty days will be Kept ousy
examining about $50 more, which were passed
during the last DAYS Of the Legislature rive
sixths of these laws either Of a petty
special nature slight amendments OF previous laws
The Legislature has been highly commended aud loudly
denounced for its manner dealing with bills in when
the public took a keen interest II no apportlonment
bin was passed, also were not passed OIL 10 change
the present Excise law. BIZ 20 prohibit the employ
ment Of the convicts OF the State prisons at profitable
trades and bill TO except race tracks from the law pro
hibitng pOOl-selliDg SO also the bill to INCORPORATE
the Society for the Prevention OF crime
tailed Of approval. and q carefully drawn Dill
TO suppress the tramp nuisance No consutu
tiOnal amendments passed; the amendments
proposed by the Municipal Commission when were
passed by the last Legislature not even having Oeeh
introduced. An amendment providing for biennial Sea
ons OF the Legislature, which passed by tue Assem-
bly, was scornfully rejected By the Senate The ne"
Code was left in deplorable state, one part OF 1t IN
force and the other part stabbed 10 death ny 'De
Governor. The Senate has done what II coud
to bring order out OF tins confusion 10 the
lawyers by appointing a committee OF three
of Its members during the recess review the COde
and all bills submitted the Legislature Dy the Comuis
soners TO Revise the Statutes and report the result
of It's labors to the next legislature The COM
mittee is to have a fund Of $4,000 to carry Oh
It's work. The most money -saYing IeGlsiauoh
was done on behalf of the City Of New-York sum
tot hfa citv Wal
The TRIBUNE Of yesterday. Sketches OF the most I'M
Oortan OF the bills in the Governors hands and sum-
uares of those Of interest which have become laws
through his signature, are given below:
INSURANCE DEPARTMENT.
The course of Mr. smyth. the superintendent OF the
Insurance Department, regard 10 the law OF 1873
when auditing the bills Of examiners OF Insurance COM
panies was indicated by The Legislature passing an
act sweeping away that impossible law new system
pf auditing the bills established. Under
the superintendent OF the i9snraaee D ~ XII,
and II there is any disagreement between iheln. me
Acknowledgement Is to act arbitrator HIS au0it Is
30 be final, aud the examiners are the 10 a.
bills 10 the insurance companies VINO are required 70
pay them. This act has not yet been signed Dy the GOV
An act was passed authorizing the Superintendent of
bankrupt National Life Insurance Company among the
pOIcy-Olders This act has also not yet been signed by
An act was passed authorizing the formation Of town
insurance companies It has not yet been signed by the
Mr. Hepburn's ibm providing for the distribution OF
the assets OF bankrupt Insurance companies stored VI
the Insurance Department by the superintendent OF
II, passed by the Assembly, but was defeated ~
smyth WHO had been charged with Iavorilx bin
as enlarge his patronage. but who nevertheless ear
nest opposed the ground that the insurance Dc
partneni had enough work on IT'S hands. .,,
An act was passed amending the Law OF 1877 FORBID
ding the incorporation Of any fire or marine Insurance
company with less capital than $2OOOOO. The amend
ment provides that stock companies shall only D so I
fled This VIII open the door To the creation OF all SORTS
of companies If 1t becomes law IL mas not yet DeeD
ACT - was passed permitting fire insurance conpa
mics to invest money IN town bonds IL mas not et Ooeh
An aei was passed compelling every receiver of .
bankrupt ins urdnce company tile with the Secretary
10 depOsIt ali money collected above $1,000 IN amount
in bank TO designated by the General Term OF the
Supreme Court This bill has HoI yet Deeh 'sheu oy 'he
The only bill affecting the department that has been
sigped is act allowing the amalgalnatnh OI hfe ~
suranee companies when the superintendent gives
his consent
BANKING DEPARTMENT.
The most important law passed concerning the Bank
ing DEPARTMENT is "a bill drawn by Senator Mccarthy,
and passed after considerable opposition IN both Houses
II forbds savings banks dscOunng notes, and provides
other safeguards THIS bill has not yet been signed by
the Governor.
An act was passed empowering the Superintendent Of
the Banking Department 10 take possession OF saw
until the appointment OF receiver This Oil las not
yet been approved by the Governor.
THE PIPELINE BILL
Perhaps the greatest law, the one that will most
increase the prosperity OF the State, passed by the
Legislature was act provide for the incorporation
81 pipeline companies; chapter 203 Its most
oY'aS Eminent emu domain to ali companies organ
fzed under It's provisions This extension OF priv
Xbstsr the courts viii consider constitutional If the
courts Gecde the Legislature in the right pipe lines
Buffalo, Rochester and New-York The act is d
general law Under it any number OF persons not less
Than twelve. may form pipe limo company, 10 trans
port petroleum. liquids any products OF prop
erty. II persons owning property across which sacn
Company considers high prlcs, the company may
obtain possession through commission appointed by
the courts TO assess Its proper value
MERGING OF CORPORATIONS.
Chapter 1853 authorizes corporations formed for manu-
featuring mining, mechanical chemical purposes 10
MORTGAGE their property and finances, provided
that the written assent Of majority OF the
stockholders owning at least twO-thrds OF the
capital stock Of such corporation is obtained.
Under Chapter 9S two cOrporations may be merged II
popaops and the assent Of onehafof the
owning OF the stock OF each OF the corpora
tions il is proposed To merge first obtained All OF
rights and property Of the corporations merged
transferred TO the Oner but the rights OF creditors are
CHARITABLE INSTITUTIONS.
The State charge another charitable institution
during the Winter the Soldiers Home, at Bath. The
Grand Army of the Republic transferred the title Of It's
property and buildings-the Soldiers HOme-to the
State; and the State in return promised to take
there of every honOraby discharged soldier sailor
who enlisted In this State during the late rebellion and
who now needs aid
The Apprenticeship Act OF 1858 amended In Chap
ter I2 so as To provide that the managers OF orphan
asylums may bind ont any orphan enid II male under
the age Of tyeentyons years or II female under the
age OF eighteen years. which has been surrendered TO
their care b. parent dian. which has been
left TO their with provision for its support for
the spaee OF one Under the snne act children
supported In any Incorporated charitable 1nstl-
tuition by the City Of New-York, are TO be con-
sidered as deserted n no inquiry has been made
parents guardian for the space Of one years and any
fudge OF court of record IL authorized, the appca-
ton OF the charitable Institution having such children