New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1865-09-07
Common Council the 10 be taken from the sppropn
70 . ~ Cont;

Common Council The amount to be taken from the spprOPn
| alton for County Contingencies"
Which was referred to the Committee on Annual Taxes
| The PRESIDENT submitted the following:
Resepsd That the srnory aud dril.rooms ~ bsIa.1e
Han Broadway, Heretofore leased BY this Board De s"1
hereby ASSIGNED 10 the Eghyfth REGIMENT ~ D ~ u
" .'ch Wa adopted by the following vote p,ra
AfiIiunt ve-supervis0rs Flint Davis, Ely foh' huiuS
And the directed to be sent TO HIS hohof 'he
Mayor Tor approval.
Supervisor PuRpr rre,ented the following;
Reoiree That the Committee on vil Courts inque 'o
he eai Of CHARLES w hrnser i9r Of e se5 a. m
teIpre,er in the Seventh Iudicis court, q, q.
Which wasreierfed 10 Committee on Civi courts
MOTION.
Supervisor Smith moved hat when the Hoard sdourn
will do TO meet Tuesday the lsh Of se.eIpef ~ TWO
Which was carried.
RETOETs.
The Committee on Annual Tcxcs 20 whom lag been
fered tho communication from the Coopf0 sce Document
No III relating TO taxation on banks oud moncyed
poratons doing business the City and County Of Newiok
respectfully
Tint the subIec, Of taxing banks and other onoyed corpor-
aon has been for several years past one OF frequent cohd
Fr many vrs pron. 10 the wear 1862 these corporn.
tions upon the amoun Of capital actually paid in
tecued 70 be PAID in in the manner md At the same
rates individuals taxed In this way these monryed
corporations have for forty contributed only he
iu shares VI the expenses OF sustaining the Government from
which they expected ard certainly received protection and
IS not believed that they have been seriously burdehed OF
oppressed thereby.
The several laws passed by the Congress Of the United
ing the Issue Of United States securities for tie purpose OF
raising money TO meet the of the war, hive OK
emped these securities from all State county or municipal
tsaetiou, whatever.
The United States Government required oil tue surplus cp
ital Of the country aud the banks aud other corpora o,. %
well rs Ldvdns' sought these securities for the ies,on that
they were not baoe' be taxed and Tint secured
TO the holder etr oI rser neon for the rHptg Invested
in the year 1868 the se Legislature sssed sw changing
soIncwh the p'sn Of taxing nonryrd corporations md
caton. that they should be made conibuis their
shsre oaxcs they bad formerly been Justly required 10 do
for the support Of the Goyeinnets gave them ample pro-
lection thrir property ard security ~ the successful trans
action Of their lucrative business Ihs law (ctpier 24O)
makes Tie corporations liable TO taxation valuation
equal 70 tie amount Of their capital paid OF secured
10 BE- raid in and their surplus earnings ess ten E cent Of
such urpu IN the manner provided by law doducng
tie vaue Of the real bed BY any such corporation
association aud taxable rs such real estate"
UnJtr this law the banks insurance and other companies
were taxed the year 1863 for amount equal 70 tAo es
ta stock paid in OF secured to be paid in.
some Of these cororstions PAID their hxes Volgniuy
Will Others refused pay Those refusing 10 pay the aSs
ere Proceeded against. and levy nede II Juuuay 1914
upon Tie property Of forty Banks md fifteen Insurance C0
pnes collect imposed upon them fol the year loJ
a fuliows: