, 1874-03-27
Tho Tax-Tlicycs Trying to Antlci-
pate a Judicial Decision,
Final Passage Of the Bill to Prevent tho
Licensing Of Prostitution.
Tho Gas Company Dlackmailing Job
Approved by Both Houses.
Toxt Of tho Bill TO ReYtso tho Prnctico
Act..-The St0ek.LaW.
TAXATION AND HEVEUM.
Spccidt Utspdtch to Tho Chicago Tribune.


THE SUPPLEMENTARY onAn-LAw.
SpR1s0F1ELD, H., March 10.-The Senate bill
for tho payment of rogiatorod indebtedness un-
dor tho grab-law being on third reading In tho
House, Rogers, from Mclean argued TINT
the bill was righteous, aud tho money Ind better
be paid to lqufdate the indebtedness OF tue
oaupttes than hsya 1t lying III tho Treasury.
Ray, OF GrundY, made good speech
against the BILL oontending that, .wlilo tho con-
stitutlonslity Of tho grab-law was ponding before
the Supreme Court, thoy should not pass that
bill.' Ho opposed tho bill, anyhow. a. robbery.
Anderson, Of Hamilton, Diluted on what ho
considered tho righteousness Of tho bill aud
Morrison, OF Marion, Btigmatizad the Hchomo as
unjust, unholy and wicked. Tint money should
remain III tho Treasury to pay next yoars in-
tereat.
Lauo, Of Hancock, spoke for tho grub, and
Seaman denounced 1t.
TITO bill passcds0 to 40, all tho grabbing ropro-
aontativos votiug aye.
ITS PRINCIPAL PROVISIONS
arc: On July !, each year, the Auditor shall os-
timato the amount of surplus funds which re-
main in the State Treasury to the credit Of local
bond-fnnds, after doduoting tho amount
necessary for tho payment Of all
interest on Tho registered railroad bonds which
will fall due before tho receipt OF taxes by
the next loyy; nnd in September Of each year
auch surplus shull bo applied to tho purchase OF
such registered bonds, at not moro than pat, Oh
Tho aurplua Of each place Bhatl ouly be applied
to tbs purchase Of bonds Of thal place.
Tho bonds, when fully paid, shall bd cancolod
b5 the State rreasnrcr and returned to The local.
ity issuing the Hame.
II there shall DO no proposals to ael tho bonds
at not more than par sufficient to absorb such
surplus funds, It shall bs the duty Of tue Troas-
arer to invest such surplus not expended u tho
States bonua at their mhrkot value; and there
utter the interest On such United States bonds
| shall be added to tho fund to which such bonds
belongi aud Oh the 1st Of July Of each year the
considorod IN tho estimate mado by
tho Auditor aud Treasurer. Tho United States
| bonds shall bo sold aud tile proceeds applied to
| THE purchase OF registered bonsds oifored at not
| more than par.
And whenever tho invested surplus Of any To-
| cal bond-fund shall bo equal to the amount
outstanding Of tile registered indebtedness Of
tho place to which ouch fund belongs. such place
ahall cease to receive tue ponolta Of the grnb-
law aud shall only levy for interest," in cabe tho
interest oarned by such invested surplus shall
not be sufficient to pay the interest Oh the regis
tered bonds outstanding.
1t is claimed by
ADyooArEs or THE BILL
that the localities having Registered dobt will,
after this havo to raise, by direct special tux,
sum equal to the full amount OF the intercst OIL
their outstanding debt, which will increAse tue
taxation, OH these localities. and, in many cnsos,
impose considerable tar where mono was neces-
sary before. It is also claimed that the
bill just passed. is q partia! victory for
sess ha en a9a onas esf e sppss 5sssfpa t. ps s11 It
principal inHtead Of tie interest," which will have
to be paid by the localities. Their represonta-
tiyos voted Holid for tho bill, however.
1t is stated that tho bill was passed in antici-
patton Of tho
DECISION OF THE supREME COUNT
declaring the Grab-law Unconstitutional, no that
tho localities indebted can get tho 7Qo 900 Which
will have accumulated ID the Treasury by July J..
Would NOT that money bo wrongly
applied in paying indebtedness incurred
under an unconstitutional law