Resolved (if the Assembly concur), That the joint legislative committee, created by joint resolution of the Legislature, adopted April twenty-third, nineteen hundred and twenty-six, to make an investigation and a survey of conditions in poor houses, almshouses, homes for the aged and similar institutions in this State and the conditions of needy aged persons in this State with the purpose of devising a State policy in connection with the welfare of the aged and recommending legislation to carry such policy into effect, be and hereby is continued with all the powers and duties conferred upon it by such resolution.

Resolved, That a vacancy in such committee from the Senate shall be filled by the Temporary President of the Senate and from the Assembly by the Speaker of the Assembly.

Resolved, That such committee prepare and file a report of its investigations and recommendations with the Legislature on or before March first, nineteen hundred and twenty-eight.

Resolved, That the further sum of five thousand dollars ($5,000.00) or so much thereof as may be necessary, be appropriated from the contingent fund of the Legislature for the expenses of such committee, incurred or to be incurred, to be disbursed on vouchers approved and audited as prescribed by law.

The President put the question whether the Senate would agree to said resolution, as amended, and it was decided in the affirmative, as follows:

Ordered, That the Clerk deliver said resolution to the Assembly and request their concurrence therein.

The Assembly returned the above resolution with a message that they have concurred in the passage of the same.

Mr. Hewitt, from the committee on finance, to which was referred the Senate resolution introduced by Mr. Mastick relative to extension of time of the Joint Legislative Committee on taxation, reported the same amended by changing the amount appropriated from $10,000 to $6,000, to read as follows:

Resolved (if the Assembly concur), That the joint legislative committee for continuing the work and investigation of former legislative committee respecting taxation and kindred matters, created by joint resolution of the Legislature, adopted in the Senate on March 23rd, 1925, and in the Assembly on March 24th, 1925, and continued by joint resolution adopted by both houses, on April 23rd, 1926, is hereby continued with all the powers and duties conferred upon it by such resolution.

Resolved, That a vacancy in such committee from the Senate shall be filled by the Temporary President of the Senate, and from the Assembly by the Speaker of the Assembly.

Resolved, That such committee prepare and file a report of its investigations and recommendations with the Legislature on or before March 1, 1928.

Resolved, That the further sum of six thousand dollars ($6,000) or so much thereof as may be necessary, be appropriated from the contingent fund of the Legislature for the expenses of such committee, incurred or to be incurred, to be distributed on vouchers approved and audited as prescribed by law.

The President put the question whether the Senate would agree to said resolution, as amended, and it was decided in the affirmative, as follows:

Ordered, That the Clerk deliver said resolution to the Assembly and request their concurrence therein.

The Assembly returned the above resolution with a message that they have concurred in the passage of the same.

Mr. Hewitt from the committee on finance, to which was referred the Senate resolution introduced by Mr. Fearon relative to extension of time of Joint Legislative Committee on Corporations, reported the same amended by changing the amount appropriated from $10,000 to $8,000, to read as follows:

Resolved (if the Assembly concur), That the joint legislative committee to examine the laws relating to corporations with reference to ascertaining errors, inconsistencies, duplications and excessive verbiage, and to procure the preparation of legislative bills to correct any such matters so found and to simplify and co-ordinate such laws and procedure thereunder, is continued with all its powers and duties, and the time for such committee to make its report to the Legislature, such time was extended to April first, nineteen hundred and twenty-seven, by joint resolution of the Legislature, adopted in the Senate and in the Assembly of nineteen hundred and twenty-seven, is hereby further extended to March first, nineteen hundred and twenty-eight.

Resolved (if the Assembly concur), That the expenses of such committee heretofore or hereafter incurred, not exceeding eight thousand dollars ($8,000), be payable from the contingent fund of the Legislature, on vouchers approved and audited as prescribed by law.

The President put the question whether the Senate would agree to said resolution, as amended, and it was decided in the affirmative, as follows:

Ordered, That the Clerk deliver said resolution to the Assembly and request their concurrence therein.

The Assembly returned the above resolution with a message that they have concurred in the passage of the same.

Mr. Hewitt, from the committee on finance, to which was referred the Senate resolution introduced by Mr. Campbell relative to creation of a joint legislative committee to investigate the necessity of broadening the scope of the investments of savings banks, reported the same amended by changing the amount appropriated from $25,000 to $10,000, to read as follows:

Whereas, Each year there are introduced in the Legislature various measures authorizing the investment of funds of savings banks in additional classes of securities to those now prescribed by law;

Whereas, The moneys deposited in the savings banks represent in a large part the savings of the poor and the middle class of people, and it is the particular duty of the State to protect such savings from exploitation;

Whereas, The law now provides for the investment of many State funds in the same class of securities in which savings banks are allowed by law to invest;

Whereas, The Legislature has not in its possession sufficient evidence to determine whether the present investment restrictions surrounding the funds of savings banks should be liberalized and broadened;

Resolved (if the Assembly concur), That a joint legislative committee is hereby created to consist of seven members, three to be appointed by the Temporary President of the Senate and four to be appointed by the Speaker of the Assembly, to investigate the necessity of broadening the scope of the investments of savings banks, to determine what classes of securities, if any, should be added to those in which savings banks may now invest, and what classes, if any, should be eliminated from those now authorized by law, and report to the Legislature its recommendations and findings on or before the 15th day of February, 1928.

Such committee shall choose from its number a chairman and vice-chairman, may employ a secretary, counsel, and such stenog

raphers, clerks and assistants as may be needed and fix their compensation. Such committee may sit within and without the city of Albany, shall have power to subpoena and compel the attendance of witnesses, including the production of any book, paper, record or document pertaining to the subject of its investigation, and in general have and possess all of the powers of a legislative committee as provided by the legislative law.

Resolved (if the Assembly concur), That the expenses of such committee, not exceeding the sum of ten thousand dollars ($10,000), be payable out of the legislative contingent fund, on the certificate of the chairman of such committee, in the manner provided by law.

The President put the question whether the Senate would agree to said resolution, as amended, and it was decided in the affirmative, as follows:

Ordered, That the Clerk deliver said resolution to the Assembly and request their concurrence therein.

Mr. Hewitt, from the committee on finance, to which was referred the Assembly resolution introduced by Mr. R. B. Smith relative to printing and distribution of five thousand (5,000) additional copies of the Legislative Manual of 1927, reported in favor of the adoption of the same.

The President put the question whether the Senate would agree to said resolution, and it was determined in the affirmative, as follows:

Ordered, That the Clerk return said resolution to the Assembly with the message that the Senate has concurred in the passage of the same.

Mr. Hewitt, from the committee on finance, to which was referred the Assembly resolution introduced by Mr. R. B. Smith relative to purchase of 10,000 copies of the New York Red Book of 1927, reported in favor of the adoption of the same.

The President put the question whether the Senate would agree to said resolution, and it was determined in the affirmative, as

Ordered, That the Clerk return said resolution to the Assembly with the message that the Senate has concurred in the passage of the same.

Mr. Pitcher, from the committee on reorganization of state departments, to which was referred the Assembly bill introduced by Mr. Phelps (No. 2165, Rec. No. 477) entitled "An act to amend the State Departments Law, in relation to the membership of the board of visitors of the State camp for veterans," reported in favor of the passage of the same, which report was agreed to.

On motion of Mr. Pitcher, and by unanimous consent, the rules were suspended, and said bill ordered to a third reading.

Said Assembly bill was read the third time.

The President put the question whether the Senate would agree to the final passage of said bill, the same having been printed and upon the desks of the members in its final form for three calendar legislative days, and it was decided in the affimative, a majority of all the Senators elected voting in favor thereof, and three-fifths being present, as follows:

Ordered, That the Clerk return said bill to the Assembly, with a message that the Senate has concurred in the passage of the same. The committee on rules reported the following, namely, that Assembly bill (No. 1224, Rec. No. 397) entitled "An act to amend the Village Law, in relation to auditing bills and accounts and claims for damages against a village," with amendments, if any, be taken up forthwith in the Senate, be advanced to the order of third reading and be and continue the pending order of business, superseding and taking precedence over all other orders until the vote [SENATE JOURNAL]

144