The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-05-08
GOVERNOR ROBINSON APPROVES IT
How It Is Proposed to Remodel tho
Dock Department.
HOLAHAN's EXCISE ACT.
An Effort to Modify Divorce
Proceedings.
A "Citizen" Anxious to Take An,
other Wife.
ley TELEGRAPH TO THE HERALD.

ley TELEGRAPH TO THE HERALD
M ALBANY, Nay 7, 1878
There has boon sudden and favorable change OF
tho wind which threatened to brew a storm between
the Governor the Legislature and tho Now York city
politicians The veto Of the Sinking Fund bin aroused
ouch instant ire The Assembly when II received
there. and met with such Indignation by Mr.
Hamilton Fish and other ardent statesmen who
seemed disposed tako His Excelisncy so 10 speak,
by tho horns and throw him, that many here have
boon expecting 10 witness the performance OF that
difncult feat. As tho heads OF the ASSEMBLY
cooled, however, q sufficient number could not DO
counted back the enterprise. Meanwhile tho Gov.
ernors reasons wero 80 puusent and in tho MAN, so
conclusive, that Comptroller Kelly. together with
some OF tho ablest nnancicrs Now York, perceived
their iorcc on consultation, and resolved ut last TO
attain The important object OF relieving tho city
payers by a straightforward aud handsome concos.
Sop Consequently . memorial prepared and
Scnt to the Legislature yesterday signed by number
or prominent BANKERS requesting that bill DO passed
TO replace tho vetoed bill which would meet tho Gov
ernor's objections.
ASKING CONSENT BEFOREHAND.
Following that memorial thcre arrived IN Albany TO-
day committee Of or twelve. bankers merchants
and Others headed by Messrs. o. Potter, President
u
completed and In readiness, drawn up with the np.
prevail OF Comptroller Kelly and other ipfuential
officers OF the New York city government,
who admit that the former bill contained
several faults that were due to oversight
In It's preparation. This now bill was taken to tho
Governor this afternoon and read to him by Mr.
Potter the presence OF other members OF the
mttse. Tho Governor sign,ned his general satisfac-
ton with iis tenor. and subsequently said TO your
correspondent that appeared on tho nrst hasy pc
Tusa to do away with all nearly all tho objection
able textures OF the originn.
coSsuLIs THE EXECUTIVE
Tonight Mr.. Daily, by request, visited the Governor
ut bis residence and again submitted to him the bill
with which, the second and careful reading he
expressed himself still moro avorably impressed.
Mr. Daily, who had aircady prepared substitute for
tho vetoed measure, which printed In the
HERALD fcw days ago, IL disposed 10 make no fac
t,ous stand whatever in the matter but to cordially
sanction, and OF the Inclination which Is al
ready shown in tho Assembly to give. u
s sSis TIA. 's Mr Fish nn.o,i, ch.,rmsu
Of me Assembly Committee Cities will to- morrow
ton 10 move tho passage Of the vetoed bin oyer the
Veto The new bill will then be referred tho Com
mttee Cities, from which, should tho Governors
foil approval Of guaranteed amer rur,hcr exam
NATION Il Will doubtless DO speedily ana favoraby
reported.
In Its present form II reads ms iolows:-
rse 4. a s wssd
bslt shaIi continued excess NAV be IL
sS ana as oF Ss "sy.s q the
rom as provided By law. :S.il form
os s said .nd PROVIDED
Az &
shall con,i.us 10 10 and tho same hereby
bonds and stocks Of said city snail be July and nnsi
cosrIsuAscr or rnE SINKING FUND
s o o9 3. % s s.. Of ss city
60 accrue upon the stocks city tho same 30
n.s;idi"s p:y%sss a.sIs:, Sa The bond.
provided o"S s. i s 1.u.
sms.n s The he city ss s ..s % $ r.
hereby addition the moneys aforesaid
ere fully redeemed and: and , paid vo.,x
SIC sAll moneys in tho treasury Of said city here
alter 'l :. Collected and in a', sn
s. ." 10. ses wn
p.ed prior 20 she Of this act 81 se paid INTO ns
The same hereby ADDITION 70 the revenues and moneys
aforesaid pledged and appropriated 20 said last mentioned
sy be paid and redeemed ,serefrOm hcroinbsoro
SIC Bs,.een The city .na rs creditor, holder: Of y.
hereby be eonsaet t6s, the npd. and rsvc
ofihe city AID The funds collected from
iara Tor he fsas%p.ioa otsss city dsSs sseam"
until AZ Of sad doo h fol redeemed and paid as horoia
SIC sss Z: a s:,s %
to Of c n. 81 ss &c s
whatever whereby the security Of said fund
sisa :ss ,srS s,sSssS Y l,s ia :assa
Cd .s'd fund
czLLiSc IN no.ps 60 -
sy and sS and "aee%
any portion o. Is. bonded dess charge sso
90 q s Ssso 'Sc Gs
% he
"nd % o 70 ss s ny % %
change therefor NOT less than consolidated stock.
my is% 10 ss'' s
s Ss' per &C cent per sSnu%. p.sssic se@asnasiy
r"s said fs s tho sa ss ns
s:nse,ea By said compl.sions ihc consolidated stock
July iss ,s - bond. and .ssei:
:sy debt: .s$ any g.ss ..'s s:ss l:,i'as due s
'; q ms, b sss 40
such payment shall any way impair tho pro erred
q. 40 y:s$
s. e ss az ss ssi tho city thai
81 ns bond. ''. BIO al. ia
:,'s;s BOND,
ever aud often Commission Of sad sinking
Fund shall certify tho Board Of Estimate snd Ap.
portionment Of said city that the accumulation. In
sad sinking fund shaft be sufficient To-
tbc payment Of any bonds stocks falling duo In
Abe next following calendar year. ~ sh all he the duty at
sad Board II Is hereby required TO include IN the
ouai estimate for such year DO raised by tar on tito
real and personal In said city subject 10 tax
stion, such amount 90 be applied 20 the pay.
meDt OF said bonds STOCKS as shall be certified
~ ssid the included In said
estimate shall be paid into said sinking fund and appcd
o. In this sectfoa specified; provoed however that tho
smoun raised By and paid into the sinking
und this section prov ed shall not W any one year
ks oss nm the 81 than x2.DOOu
now ruE nossY ArrLIKD.
Eyc aFor tho payment OF all bonds and stocks 81 the
ad city hcea issued pursuant 10 the provisions OF any
statute aud which by the provisions
~ such statute taxation other than rcve
uus bonds issued IN anticipation Of the eoliection o.
taxes there shall Included said annual estimate each
year be raised ~ tax tho estates real and personal
In said city subject taxation, sufficient with
the accumulation Of Interest thereon, 70 meet aud
dischatEe tho amount Of said bonds or stocks