The New York herald., 1879-02-06

by the two corporations and urged In their behalf that
to the sse OF S% York that the
pesating public benefits outweigh the private injuries
truth %S% Of aesscn.
these corporations 1t does not follow that the
existence These con sidsrations are to be regarded
are ad%inis,ra,se as well as s"'i, legal and an
ss ss s ss m or :"
Il vested with the discretion OF determining whether ne
should be prudea'y exercised with view the
public interests and the consequences that may follow
can only result" in The change
CORPORATE powers nor limit the lawful exercise 9 granted
They only determine whether corporation has trans
the sS
a is the
slatnre which created them and granted tho powers
wSsS Sas s es,rs f arlsacto" over ihem should
Psa as to n to sS s
in any way and to apply any corrective restraints deemed
sriaiy impsrinS their public usefulness That body
ow in can m 1s % s
action OF the Attorney General in the courts.
ought forbear bring actions annul the charters of
these m% until aeGa BY nS oa
consider the subject and TO provide such restraints
a' ae BE be ike
suitable provision for the redress OF injuries and the pro-
''N'' A. scHooNMAKEK. Jr. Attorney General.
THE BROOKLYN BRIDGE AGAIN.
Strahans proposition directing the Committee on
Cities to examine into the affairs of the Brooklyn
Bridge After considerable cross firing an amend
ment offered by Mr.. Erastns Brooks was passed. CIV
ing the requisite authority to the Committee on
Commerce and Navigation.
STRIKING CORPORATIONS.
An important resolution, introduced by Mr. Wads
worth, passed in the House by an almost unani-
nous vote which, if carried out faithfully will de-
vclop mine of useful information as to corrupt
practices in connection with the management of
tain railroad insurance and other corporations in
this State. The resolution reads as follows:-
satisfaction throughout this State in relation to the e"s
rs1 Of oasc their sa si;
and whereas it Is incumbent upon the Legisla
to ss's M ana sSos
nns xn the TO be
this lonse should be informed at as early date as
Resolved That the Committee on Ways and Means In
possible whether of tho corporations of the State
s Vs1s WITH TN
ns@ m sss p sap
such i taxed the amount Of taxation it has
tax has been paid and what If
Resolved That said committee in making the investga
tion be empowered to send for persons and papers.
Adopted.
Mr. Hepburn's bill relative to life and health in
surance companies. provides that whenever the
Superintendent of the Insurance Department has
son to suspect the soundness of any company he
shall institute an examination Of the same.
and the officers and agents of the COM
result OF the examination shall be published
in the State paper whenever it shall appear that the
capital of any life casualty company has suffered
impairment amounting to twenty five per cent II
the company is organized under the laws of other
States the Superintendent shall revoke its certificate
of authority to transact business in the State and
givei notice thereof in the State paper thereafter
the company shall issue policies. If the company
is organized under the laws Of this satehe superin
nsnnf ohnll hat fhn utNc E1,<,l<l
make good the deficiency within twenty
days. and in case Of failure tie facts shall
shall thereupon bring action for the dissolution of
the corporation. In case the Court finds that the
assets of the company arc not sufficient to Justify
further continuance of business shall Issue order
dissolvng the company and distribution
of the assets. together with the deposit
in the Insurance Department. Provision is made as
to the procedure Of the Court in actions brought
before it. In estimating the condition of any COM
pany the superintendent restricted to such invest
nents only are authorized by the existing laws of
the State ut the date Of the examination, and
shall charge liabilities in addition the capital
stock, all outstanding indebtedness of the company
and premium reserve on policies and additions
thereto in force based the net premiums Of Amer
experience tables of mortality with four and
half per cent interest.
There was little done in the Senate. Consideration
Of the Governors message was a special order Senn-
tor Jacobs opened the discussion with an eloquent
speech in defence of Governor Robinsons position
and the propositions contained in the message.
is the first Legislature In thirty years
which has discussed message. Hamilton Harris re-
Piled teratng and fortifying his criticisms of the
Governors remarks. in relation to the public high
schools more particularly. Tho Senator's generally
seemed tired OF the discussion. and motion Of Sem
ator Raines of Rochester it cut short and made
q special order for next Wednesday at noon.
TWO INTERESTING BILLS
Only two bills of interesting nature intro
duced One gave any party of citizens in q county.
who own as much as $4,000 worth of
property. the power to organize a hre in
tha ola Tx,a
other bill related to persons confined in asy-
lums for the insane. It was introduced by
in that city. 1t amends the existing law
30 as to provide that when o person who has not
been judicially declared mentally incompetent TO
manage his aairs is confined in any public private
asylum acopy Of any legal summons in suit relating
to his property, shall be served upon the superin-
tcndent some other person in charge of the inst
tuition as well az upon the afflicted defendant It is
made the duty Of the official upon whom the copy
is served to notify the guardian, relatives or near
latter il confined, and in there be none he is
to return the summons to the clerk of the court
from whence Ii issued aud make known to the court
the condition Of the defendant After such notice the
clerk shall not record any judgment against the de-
fendant unless the court shall so order In the case
of minors. habtual drunkards persons who from
any shall be deemed by the court unfit to
care tor their property, the court may. with
without being requested by relatives or friends
designate a fit person upon whom a copy of any
summ6ns must be served and no summons Is to be
deemed completely served unless that person shall
to prevent the recording Of judgments against the
estates Of persons who for the timo incapable Of
looking after their affairs.
GAME LAWS
Under Senator Wagstaffs bill providing for the
addition of a committee Game laws to the stand
ing committees Of the Senate the President this
morning named as such committee Messrs. Wagstaf,
Turner. Sessions. Edick and Oakley.
THE NEW YORK POST OFFICE.
As everybody expected. the Senate unanimously
passed the bill authorizing the city of New York to
sell to the United States government the strip OF land
back of the Post Office.
REGISTER LoEw AND THE GOVERNOR.
The Governor this afternoon gave hearing in the
case Of Register Loew of New York, which lasted
from three until six o'clock Messrs. George De-
forrest Lord and Henry j.. Knox, of the Bar Associa
tion. spoke in support of tho charges and Messrs
vanderpoel and Shipman for the defence. Register
Loew was present. Much time given. ut tho
request OF the Governor. TO tho allegation that
the Register had legal right to charge at least
folio for every entry made In his Office. matter
what length IL might be. The Governor said in all
his experience Of forty years ne had been
under the impression that such charge was legal.
At the close Of the arguments the Governor dc
cared the closed. He took the papers and said
he would give them careful examination rs