New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-02-03
BILLS BEFORE The TWO HOUSES.


MEASURES OF SPECIAL INTEREST TO THE NE.
TRoPoILS-THE GENERAL FUND.
Albany, Feb. . (speciaD.-There were two bills OF
much interest 10 residents Of NewYoi passed by the
Assembly to-day. One Senator Browns bill
authorizing the conversion Of Castle Garden into an
AQUARIUM. The sum OF $4,000 is appropriated 70
carry out this WORTHY object The other measure Of
interest In New-York Assemblyman Webster's bill
authorizing tho New York Central and the New-fork
and New Haven Railroad companies 10 construct new
bridge across the Harlem River at FouIth-ave IL Is
intended to build bridge twenty feet above high tide
and to raise the roadway OF the railways crossing the
bridge In Harlem and the Annexed District. When the
bridge Is once built vast amount OF vexatous delays
in suburban travel will be prevented, as the bridge
although ii will be drawbridge will not be frequently
opened to allow the passage OF tugs. The tugs pass
ing I'D the Harlem River will be compelled TO put in
smokestac which be swung level with their decks
as is the case with the steamers which run beneath the
bridges upon the Thames River
A bill affecting every banking company or associa
ton was introduced by Mr.. Shields 1t requires them
to report TO the superintendent OF the Banking Depart
ment every unclaimed deposit, dividend or interest
II such deposits, dividends or interest have remained
unclaimed for ten they are 50 be transferred to
the superintendent OF the banking Department. lie
act then says
At the end years the time Of sid deposit
with the said Superintendent all Of said dep.s dividends
ard interest unclaimed by the persons
treasury OF this be applied 70 the payment OF the
expenses Of the State Government
The money In what is known as the General Fund
of the state under the law be deposited in banks
In New-York City and Albany. This has brought about
two evil results, from which the State Is the sufferer
In the first place when there Is large sum OF money
on hand, rs at present, Its distribution between the
banks OF the two cities first glut Of money
those places Then there Is the result that the rate
OF Interest at which these banks will take this
Is nece ssarily low. One Institution In New YORK CITY
the Central Trust Company, Is said t. have on deposit
$500 900 Of money belonging 10 the General Fund for
which only . per cent interest is paid To overcome
this Partially against the country banks, Senator Null
ill., Of wat.rtown. tbs morning introduced the ALLOW
Ing bill:
The Treasurer shall deposit all moneys which shall
come to hands account OF the State In stae banks
ia the State In the opinion OF the Controller and Treas
uter shall De and pay the highest rate oil interest
10 he State for such deposit
Senator Mccarthy introduced the bill appointing James
Weir George j. Bryan and Joseph ID. McQnin. OF
Brooklyn a commission to locate and purchase land
either In Kings County adjacent 10 IT, for additional
parks.
Senator Coggcshali presented bill which never VIII
become law II the racing associations can prevent H.
compels them pay into the treasury OF the asri
cultural societies OF the state 10 per cent Of their
gross receipts instead Of per cent, as the law pro
yfdes. Assemblyman Roche has a bill in his branch
of the Legislature making tie amount 20 per cent
Senator C0ggeshall also introduced the bill which last
year came from teh senate General Laws COMMITTEE
creating the State Board Of Electrical Control. The
bill was the result OF the Committees investigations Of
that subject two years ago. II was originally pre-
pared BY Senator Erwin. the chairman Of that com
mittee at that time. Under 1t the Governor ran ap
point three state Commissioners, who. IN ''.... can
appoint deputy commissioner for cities having popu
Iation of 100000 and over. These deputies are to