New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-01-05
TAXATION OF CORPORATION STOCK.

The Governor comments sharply the supreme Court
decision in the matter Of " The Credit Mobilier OF
America" This decision made the stock OF that power
full corporation exempt from tax. OF it Gov. Geary
says:
II tbis corpora ion created by the laws of Pennsyl
vana by the icgerdemain OF trparte agreement ana
other contracts and proceedings TO whc te Mn
its capital stock can imagine no GOOD reason why
every other corporation not by resort TO the same
ingenious continuance, escape the payment Of taxation
their capital stock and thus over million dSihTs
careful consideration Of this whole subject ana recon-
mend such action will IN the future ehccluaiy protect
the interests Of the Commonwealth.
CONSTITUTIONAL REFORM
Under this head the Governor The people nj the
last election having proclaimed Enthusiastically IN favor OF
convention to revise the Constitution 1t VIII doubtless
he the pleasure of the Legislature 10 provide the neoes
sary legal machinery 20 carry out the popular VIII on
tGis important subject cordially sympathze with this
and IN y S ast them deemed
unnecessary but TO which special reference is made
aG for at duty y is @PeravSy demanded by
highest considerations OF public welfare
Recommendations the subjects Of Congressional
Acknowledgements State Educational Institutions, the Ma
tional Guard and other matters connected with the
state Government follow here The Governor strongly
advises that vaccination bo made compulsory and that
better sanitary regulations be adopted throughout the
Common wealth.
PROTECTION.
The concluding portion the Message contains the
follow ing remarks upon Protection aud Free Trade:
The obnoxious doctrine Of FreeTrade is again raising
Its head with w% 70 deS as te az Ste and
nation; but It is hoped and expected that our senst3rs
phalanx its advocates and the accomplishment
Of their designs NV opinions heretofore go fully aud
products and nanufacnres aud especially upon salt,
coal iron, and steel REMAIN not only unchanged Dut are
attempt 70 reduce the protection now afforded cannot
but be regarded effort benefit foreign interests
IOhu afripe
toers on par with the npaid labor of countries
which must in the destruction Of the very ini
enoes which have the made us 80 prosperous
people and laid the foundation OF such great hd'lo
ua and national wealth The available teaSnngS OF e1
Needed and legislation should be for the welfare OF
the people and the nation M Should P a
Inducements capitalists for Investment give the pro
Queer home market, ana @ Yesources of The
country for the benefit OF those WHO are NOUS
iriously endeavorng capitalists to financial
ruin and bring about the Impeachment OF our me-
CbaDics and citizens who are now prospeious~ eNs"seu
in all branches OF trade ana industry
ONO. "A noted Ohio State politician, ana
a keen observer writing from Columbus to Trend
in Washing ton, says that be has talked with
dozen members OF the legislature and heard oifeety
nom as many aud that ne has yet TO meet one
whose FIRST choice Is sherman. He further says; ihs
may seem strange you but IL Is true and notwit-
standing this believe that will be nominated
IN the caucus on the ballot with from 10 10 20
votes 10 spare significant circumstance IN this IN
terestipe contest that certain who are
interested In securing shemans defeat were in tis ey
last week 20 Influence with Mr. Thomas scoit 70
they could keep three out Of the Republican caucus
not get the helm they wished for but information has
been received to-day that Mr. scott has started for ohc
The supporter OF Senator Sherman constitute decided
majority OF the Republicans aud u all 81 the members OF
Shat party participate Ina snu support us
nominee he Is sure TO ba returned. III, however few
of tho Republicans refuss 40 into esucs and fhc
question Is decided ~ ePcn ballot Ia the s'sat1re