New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-01-12
THE GOVERNORS MESSAGE.


"A
zens of Ncw-lorl whose report would command
confidence and carry conviction 20 the community
interested as WEI a. TO the Legislature. IroWp.
action can secure such report In ample tine for
hual disposition OF the subject during the present
session.
should it ultimately ne considered wise TO under
tale the construction of new aQucluct the in
evltaDle expenditure of Twelve or fifteen million
dollars and possibly more, make, 10 highly oe,r-
able that the enterprise shall be securely placed IN
such hands Will insure ITS prosecution I'D q
strictly busue-s-llke manner, IN order that the
utmost economy shall be observed Compatible Win
the early completion and permanent character OF
the work Every prccautl0n slould be taken 10
prevent public Improvement Of such m1-AIJpde
being placed under direction which, by any
circumstance is liable TO be influenced by political
considerations.
In recent years the City of New-York has suffered
OutrlgeOusly from pronlgate administration or
downright robbery, IN the construction OF public
works. With such grievOus experience yet fresh IN
memory, IL wcud be ineXcuSabe 90 nau5urate a
new aud necessarily costly enterprise under man
agemen that, by any possibility could 10 tempteu
70 wastetul practices III the conduct or ITS affairs
Nothing short of an absolute divorce from all pohu-
cal manipulation will avoid the danger appre-
hended.
INTERNATIONAL EXPOSITION.
Although the question was considerably agitated
some months ago with reference to the organization
of an international exposition, 10 be held IN New
York in 1853 all discussion. if not interest IN the
subject has for the time being been abandoned :
and apparently every effort 70 accomplish the pur-
pose has ceased. Probably the interval or time Is
now toe limited 10 make adequate provision tor
such an enterprise to take place originally pro
posed but considering tine manifest variety ol all
vautagcs 10 be derived from successful exposition
which should attract the attention and cooperation
of all nations II highly desirable that consd
Grafton of the subject be renewed for later date ;
and that II possible, II he put In early progress
The experience of Philadelphia, III bringing &c htr
midst, III 1876. representatives OF the entire civil
lied world thus inducing every country 10 become
patrons o! her industries was such a. clearly to
r,rfty IN
that flow from such exhibitions. hlc, perhaps,
n the present tide OF prosperity the merchants ana
manufacturers of New York do not feel the need OF
such stimulus, yet the time may come. IN the muta
lions of business affairs when such benefit 70 their
patronage as would surely uure from an lnterna-
tiona exposition will be eagerly welcomed.
MONETARY DISTURBANCES.
The recurrence at frequent though irregular in
tervas of violent disturbances in the money market
of the chief financial emporium is matter Of
serious public concern. Commissions of one sixty
fourth One-thirty-second and oue-siIteenth per
cent are often paid for single days use Of money
in addition 10 the legal rate of interest while, IN
deed it has not been uncommon 20 demand an
eighth OF even 4 quarter Of one per cent. These
extraordinary rates for the use Of capital have been
more frequent during recent year, WhtA the cur
rent rates of interest have bren extremely low
and more especially since the reduction OF the lega'
rate IN this state. Violent and unnatural strln-
grncies in monetary AFFAIRS affect not only business
Gnterasts i'm the cities hut the farmer and manufac-
price Of all standard commodities ana products
The cause of these uit-recuTrng troubles l. gen
orally attributed % the influence OF the usury laws
Of this state. which almost alone, among al states
and nations adLeTes 20 the COui-ca!nn Of principal
and interest the penalty for uSuriOus eXdctlOns
" hen quotations for the use of money IN Ncw-l Ork
run up 10 quarter per cent day-betuB equ'a-
lent 10 gG per cent q year-the ruling rate m
Boston is usually or per cent; while per cent
per anuum Is an extreme rate IN that city. MaSSa-
chu,etta long ago repealed her laws imposing severe
penalties for usury. and substituted therefor
merely nominal penalty; The difference IN the
rates OF interest thai rule respectively ii BOSTON
and New-YOrk az periods OF severe contraction, II
regarded aiiurdiug the best argument TOR the
modification of our statutes. The volume of tinan-
cial transactions IN the CITY Of New York, bY fully
thrce-QuartoTs in amount from borrowed capital IS
conducted on loans PAYABLE on demand and secured
by coateras. Even # II were considered unwise
TO change the usury laws A. applied 10 time loans.
ing them so far as relates ~ demand loans. such
amendment would afford marked relief 70 the
great bulk OF commercial operations. and would
leave uudlsturhed the present usefulness oil the
laws in protecting the interests of ordinary or Occa
sIoual borrowers depending on accommodations tor
fixed periods of time.
STATE BOUNDARY LINES.
The duty of examining and restoring the mOnu-
ments marking the boundary lines between the
states of New York Pcuusy lvanid and Ncw-Jersey.
which on the part OF this state was delegated 10
the Regents Of the University by the legislature.
has been i'm process oi accomplishment during the
past year. After conference with the authorities
of the States concerned satisfactory ARRANGEMENTS
have been made for the restoration of the missing
monuments A portion of the work on the Iennsl T.
yania line has already been Completed: ana Prov
sion has been made tor finishing Tue eutIe Work
within the next season.
THE ADIRONDACK SURVEY.
Commendahle progress has been made in the
survey of the Adirondack region herctoior" author
ized by the legislature. An important permanent
basis for all lrveHng work iu the northern couhIes
has been made the past season by the location of
line OF geodetc levels, carried nor'hward from
hauy through two degrees " latitude, ana FORM
Ing II connection with The uljDu states surveys.
a continuous line OF reference Levels with U9uu-
lcut- from New York laibUT 90 che Canadian from
tier Valuable wCr, boa also been accomplished under
the direction OF the superintendent %! the AdlrOu-
lack survey In relocating tie boundary lines of
-sry. Franklin Hamilton HerNwcr and Lewis
ounties. Evidences OF former surveys were gen
orally extinct, ana I'D one instance every yes st
was ullieratrd .ur "a distance of tHlrty-'}e miles
Township lines were also found to be- In great con-
u-Inu rendering assessments Tor taxation difficult
and causing much embarrassment. lu the collection
u taxes. Provision should be properly made for
he location and permanent marking OF these OBJ
,curc and missing lines. a- Go avoid constantly
recurring difficulties, both 20. TO local Jurisdiction
ind tine ownership al ADJACENT lands. Inc reports
li the Adirondack survey nave nrru largely sought
Jy the public and m authorizing future pnbIca-
IONS IL may be we'll for the Leg stature 20 consider
ho practIcablIty of having them placed Oh sale.
II f. not uui kelly that the expense OF publication
would be partially, II not wholly, met 10y TINS
means
THE NORTHERN WIIDEHNEsS.
Pertinent 90 matters relating To the survey above
elerred TO- is i subject suggestive OF practical OBJ
eryaton 10 regard to the northern wilderness. The
,ast tract of country lying the nor heru part of
he State familiarity known the Adirondack |
rgion has become one OF the most inviting resorts
% invalid, and tourists IL. high all rudes. pure |
.ul brac4uI almost pierre. perennial streams and !
mountain lakes. iu the sLaie OF prmcVu. forests |
the desirable features of retreat de /
igued ly nature Ior the OF mankind ia pISuIt
d arulth or pleasure. But there ar" other and /
rave interests belonging 20 this portion OF our !
crrtory that appeal with especial force tor timely
.c.atIOu. Is lar the greater quantity ul and !
within tuc Adirondack wilderness proper belongs |
o. thr state. individual ownership is now confined !