New-York tribune., 1871-03-23
ALBANY.
STILL ANOTHER TAMMANY MONEY-MAKEG
SCHEME-DEFEAT OF THE BILL EXEMPT
REAL ESTATE FROM TAXATION.


SCHEME-DEFEAT OF THE BILL EXEMPT
REAL ESTATE FROM TAXATION.
ALBANY, March 22.-The two bills, one for
the consolidation of the debt Of tie City of NewYork"
and tho other for that Of the county passed the Senate
this morning solely by Democratic votes the Republicans
all voting against hem The citizens OF Aew-forK are
now Ignorant both of the amount and OF the particulars
OF the funded debt OF the city. When this Dill mas Dc
come law the various kinds Of bonds, issued Tor pur-
poscs GOOD and bad will be exchanged for the CONSOLE
dated stock and it will ever remain secret to what
heads the recent increase in bonds is chargeaOe I
and true statement OF the finances OF New-forK Cy mas
not been made for years. As for the ne" con'o
dated stock made payable in coin or currency, Ut
the option Of the Controller; Is tedeemaDic III hoV cs
than 20 years. nor than 90 and pears interest,"
payable in gold at not than per cent and II pay
able I'm currency &C not more than per cent per annu
The session of the Assembly this evening was set apart
for the consideration OF the bill TO exempt mortgages on
real from taxation The floors ana galleries VI
the Chamber were crowded. showing the interest when
the question exoites IN tie minds Of the people Ihe
discussion at served to set forth in strong ght
the inequality and infaIny Of the laws and customs
which at present govern the assessment and collection
Of taxes The bill received its quietus by vote OF u
to 81.
ing this afternoon the persons interested in ie b 10
repeal the Erie Directors CIasslhcaton aet NJ & van
derpoOl of the New-York firm OF Brown Han Nahuer
pool, made argument in favor OF the principle OF
a
ry I'm certain cases Whether direction OF the Erie
Railroad at the time the Classification act became law
was such as to call for application OF the classification
prncpla is question which IL is impossible for an
honest man 10 answer in the affirmative. That Is the
question which Republican memDeI- OF the Assembly WIZ
be called on to answer by their votes on the
Railroad Committees report 1t Is an issue when no
Republican politician afford TO dodge. lt VIII soon
be seen what truth there is in the boasts OF the mnons
of Erie ard Tammany that from dozen TO score Oh
Republicans have been corrupted.
The bill to compel all purchasers OF coal IN New-York
City to their weighing done by the Department OF
Pm lie al "A
per tup, to conflict with Article Section OF te
State Constitution, which GbOs all offices for Weg
ing gauging measuring, inspecting commodities, ana
forbids the creation Of such offices hereafter Ihe
Governor has appointed Thursday, the 3Oh inst, az
p. In for hearing in the Executive Chamber OF per-
sons Interested in the Beach Broadway Underground
Railroad bill In the senate the Naduct Railroad scheme
has been advanced to a third reading. - . -,
Senator Bradley introduced bill providing that the
Board OF Education of the city OF New-1Ork be athOr
ized expend in the construction and furnishing OF
new schOOl-hOuses in said city sum not exceeding
s5sOOOO and for the erection of normal school IN the
said city, the sum OF $4,000.