The sun. [volume] (New York [N.Y.]) 1833-1916, 1879-05-17
FIXING TIE INTEREST RATE.
THE SLY PER CENTUM BTLL AWAITING
THE GOTERNOR'S SIGNATURE
Passed by both Houses Amer "a Hot Flight
The Rights Of Railroad Companies to the
strectso New ork CIty--Nnning the Cone
mission 10 Inquire into state Taxation.

strsrt.ot New ' ork t1ty--Nnining the Com
mission to Inquire into state Taxation.
albany. May l6.--The bill reducing tho |
legal rate VI interest to six per cent has passed
both Houses. but amended so us to apply from |
md after the lst day OF next January. Tho do |
bate In tho Assembly to-day was attended with |
bitterness and chickering's. with defiance OF Old |
Salts rulings. and with palmer talk than before
in the session Even Lucky Grady who has
heretofore been a pet Of tho Speaker. INDUCED
in threats against Old Salt The supporters of
the measure were enraged over what they
termed trick by the Speaker and the states
man from Putnam. by which they were pro-
vented from reaching vote before tho House
was declared adjourned Inst night. Tho moment
that tho journal OF Yesterday was rend they were
ready for tho fray. 1t soon became apparent
that no other business could be conducted
until what they considered the wrongs inflicted
yesterday were rightcd. The rulings OF the
Speaker were appealed from. and n general
strife was had until tho tange was unrocd by
Mr.. wcston's motion to lay all other business
on the table. and to tako up tho six per ceut.
bill. The result proved that three-iou were
determined to pass the bill. and II was forth
with considered in Committee Of tho Whole
and ordered to third reading. Subsequently
Mr. Sheard moved that the bill be read immc-
diatey and out OF its order. IL was in vain
that tho opponents resisted. The advocates of
the measure were backed by four-nfths OF the
Assembly. and had tho necessary votes
10 carry every point On its third
reading the bill was amended by strik-
ing out all the amendments inserted by
the Committee on Banks. and modifying the
penalties for violation OF the usury statute. II
WAS thus restored just as It passed tho Senate.
except that It shall not taKc effect until the
lat ~ January tlon pugqnl
% to II. The Senate. later. concurred in the
amendment changing the time for the act to go
into effect. The bill goes to the Governor The
measure changes the legal rate Of interest from
seven TO six per cont. but any contract or obligR-
ton entered into prior 10 its passage is not to
be affected by II. universal demand has been
made from all parts Of the Stnte for change in
the interest rates. Members from the rural
districts assert that sentiment is stronger on
this than on any other question.
Corporal LanRbein secured the passage blythe
Assembly Of his bill empowering the Police
Board OF New York to divide the city into small
districts for street cleaning purposes and to let
each district by contract. The Senate has yet
10 act on this measure. After n sharp fight Mr..
Brooks passed the bill for tho revision Of the
assessments for local improvements on the
property Of the upper part Of the city. levied 70
and drives. The object Of the bill is 10 relieve
that property OF part OF its load OF ASSESS
The Ways and Means and the Finance Com
mittee have agreed upon three Commissioners
O. investigate the tax question, prepare bill,
and report to the next Legislature. Nearly all OF
the public men asked To- serve on this commits
sion declined They were afraid to attack a
subject which affected all interests and OF the
political consequence that would follow. Mr..
Sloan reported bill. which was promptly
psssf y nS 4ssseTsg spPnERs f9 Daw
and John Wherler Of New York as such COM
mission-the Governor to M vacancy should
either resign. They are authorized 10 employ
clerk and stenographer.
Gen. Sharpe's bill To- prevent the elevated rail-
Toads from using any OF the streets below City
Hall Park received set back in the SENATE. II
was moved ahead IN Committee of the Whole
Then Statesman Hogan opened his batteries
the use OF part Of Battery Park by the New
YORK Elevated road. and would permit the rest
Of that PARK to be- taken by those companie
sions made an attack upon Geo Bliss who he
said. had been whispering TO the Senators on
his side OF the circle that II only meant to keep
the roads out Of Nassau street and that he mis-
else covered up in il. why doesn't the Bill
he added, name Nassau street and why was
Senators Ecclesine and Jacobs also believed
they saw covered up several large and mys
terious Africans. Senators Murphy. Harris
and Wagstan endeavored to quiet their fears
and suggested several amendments 70 remoN
these objections The more this was tried tn
more excited Senators Hogan and Sessions be
came. The scene WAS finally ended hy the re-
cOmmittal OF the bill 10 the RallrOad Committee
with Instructions 70 amend II ana remove al
objections. the bill to take its place at the hea'
OF all others on general orders when reported
back How the Committee Is TO satisfy every
body IL a question not easily solved ,,u-
The Senate passed largo number OF bills
mostly those heretofore passed 10y the Assem-
bly,. Among the number was the act eXemptinl
from taxation TIE prop,0sssed lnternationnl Exhi
foreign fire and marine companies hereaite
applying for admission into this state TO be- pos
State Ppmunnlal and nnll for the comb a
tion Of the laws affecting public Interests in n
city OF New YORK 4y commission; making IN
County Clerk and Register OF New York salarie
Offices. salaries Of each 10000. The bill q
Mr.. strahan for commission To appoint III
heads Of departments. changed yesterday INT
measure to prevent removals except upo
specific charges and trial with counsel, was ais
passed. with three dissenting votes. those q
Senators Jones. Raincs. and ST. John. II nov
the translormatiQn. There is nothing left q
The two bills Of Mr.. varnum. intended to rc
strict taxation in New York, reduce expense,
and regulate the fees and percentages OF publ
officers In cities. was reported in the Senht
with amendments. as, was also ne .Generi
ths all Owance % the supreme Court Judge owe
the sum named in the bi as II passed ne AS
2i0 per cent. TO 245. The net providing $500
and tho IN 10 enable District Attorney Phelr
10 cancel judgments entered on forfeited ba
bonds in certain c'.ses we're also reported.
The Senate held an afternoon session, an
local. Among the number WAS the bill repea
ing the act Of 1875 transferring from the MAJ
shals to the Sheriff the duties Of serving pr
cesses in the Marine Court which restores hi
duty to the mArshals and the bill amending III
act to prevent throwing .carrion and dead an
mails In the bay Of New York.
The Senate has adjourned until Monday nigl
and the Assembly to Monday morning Go
Robinson sent 10 the Senate today the nam,
Of Thomas O'Callaghan OF New York and II.
Cheoseboro OF Canandaigua for HnrOor Master
The following is the Tramp bill as 1t ht
passed both Houses.
All transient persons who rove about from place
Place, ana all warrants living without labor or wish
means support. who stroll over the country wtlu
lawful occasion shall he held to be uamUs within q
meaning this act Any act Of NncrAucN h3 any pcrs
resident ot this state shall be evidence that q
person committing the Same - tramp within the meA
Ing OF tins act and person who shall I've deemed to
tramp under this section shall Dee unhc 90 punslme
Of than one wear confinement AZ EHtd labor
county Jail or iemtonuRry
sltl enter any dwelling house,
klnde Ore In the highway, OF ON the land ui hu0i
without consent oi the owner or occupant thereof.
shall he found carving any hctrWs or other dtnscru
shall threaten On do injury Co. lrrso
hc real personal state oi another, shan be pu
ished by impeachment at hard labor IN the State prs
not more than two years
Any person being reel lent Of the town where the
frucc Is committed may, upuu view az any offence
o. 40 off ufirT