New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-04-23
GENERAL WORK IN THE ASSEMBLY.

THE INSURANCE TAX BILL ORDERED TO THIRD
READIN0-THE COUNTY TREAsURERs BIIL-THE
GENERAL STREET RAILROAD ACTs-A BILL TO
CONSOLIDATE CERTAIN BAIIRoADs-A BILL TO
PROVIDE FOR PUNISHMENT IN MANsIAUGHTER
The EXTRAORDINARY REPAIR BILL AND CANAL
TOLLS REPORTS.
lrROM A RRGuLAR CORRESPONDENT OF THE TRIBUNE
ALBANY, April 22.-The bill to tax the stock
holders Of insurance companies In the same manner az
bank Stockholders taxed came up In the AsseIn'
bly, this morning. Mr.. Hammond moved to st1ke out the
first section Re said that the bill provided for new
method Of taxing insurance companies Now the stock
OF these companies il taxed at the chief oee The com
panes having their capital invested in Government bonds
esca,e and the state realizes nothing In 1885 the Leg
stature provided that banks, which up To that date were
also guarded this way from taxation shoad be taxed
through the stockholders.
Mr. Hustled who WAS the advocate Of the opposition
and abored with great vigOr to XII! the BILL next
took the floor. He thought the bin wrong all the way
through. II either goes too far or not far enough If we
the stockholders Of Insurance companies, why
not the railroads and the express companies The gentle
man (r Hammond, says that this hill will bring $4,000
600 OF property under assessment. This Is not sO
Mr. HamnOnd-The Assessors so state In their report,
and u was stated before The Ways and Means Committee
last year that the Insurance companies represented
$53OOOO0O.
Mr. Hus,ed-Insurance companies taxed. as every
80 great wealth the treasury Tho marine and life
companies capital stock The bill strikes only at
the fire ornpancs leading insurance President told
me that this bill passed he should move hs company to
New Jersey. The companies Of other etatos doing Dus
ness in this State have all the advantages OF
our own companies they have assets Of s40Oooo0 more
than our own companies, and by this bill they are eI
empt from taxation. The German companies WIN
$4,000 900 OF assets exempt, but the Yo6ooooVo
OF our own companies taxed. Banks are protected
from this petition, and therefore can alord 10 pay
the tax II the motion To strike out the hrst seetoh
which have renewed shall fail, shall move to amend
this bin 80 that every corporation IN the State may be
affected by II.
After further dc bate the motion 10 sti1he OUT INC its'
section wac lost by vote Of ~ to Gi
Mr. Hustled then moved 10 amend the bin so that all
CORPORATIONS and joint stock companies should come
under prov sions OF the bill, and ali foreign INSURANCE
companies doing business in this state
Mr. Schuyler Of the opinion that drawingroom ear
and express companies should pay tho tax II any com
many did They certainly no benefit to the poor,
who had little use for them
The amendment was lost by q vote OF ~ 10 ~.
Mr. Hustled NOV ed amendment that the bill apply To
al, cor,naues Except railroads This lost by heavy
vote and the friends OF the opposition Withdrew thelr
limos and the bill wac ordered TO third reading.
The County TrcasuIers bill up In the Assembly ON
nation 10 order the bill, which applies to Mon
roe and several other counties 10 tiid Icihs. luis
ll Was introduced by Lord after he became satisfied
Ybat the general bill would fail The motion to order
IN n third reading was net by objection.
Mr. Schuyler desired that the County OF Tomphins
,,cht Inc added 10 the bill. The motion was lost, and
h hin Goes TO the Committee Of the Whole. 1t took two
trials To get 1t through the Senate The first endeavor
resulted in only Is Affirmative votes, but dter httie
work II was reconsidered and passed
Mr. Prince moved his general law relating to street
railroads into the Committee OF the Whole which this
,.aidn he
reached Mr. Kcnnaday said that he would move
70 progress the bill He added that there were Two oter
hills mon the Same subject which were ahead OF this DILL
and IL was only just that they should he consdred a 'c
game time with this lie stated that the House iad re-
ouested the Committee General Laws to prepare
hill they hd done ao they found their bill put
aside and this one moved forward Mr. frnce spoke Vi
the inertia Of this bill and great general Importance
n p,s I'm New-York for month undergoing the cru
,,s and animation OF citizens, and It nearly per
feet II - simple and effective BILL ana VIII carry ou'
The wishes OF people who are Interested In ths work.
Mr. Kennaday thought II good bill, but IL wouid save
time and lie better take mp all at once Aher other
discussion the three general railroad bills rapid transit
and surfaced we're made special ordor for next Tuesday
evening.
Mr. Person int reduced the following bill
An ACT relating to consolidation Of certain railroad com
painless
SECTION railroad company organized Hndrr The laws
ehes an property sh lalra. company Or s,~.sa.es
or no 1sIroads OF the companies or
70 % he shall forn continuous line Of
src Such consolidation shall he effected in the
soIidation Of certain railroad companies passed May a.
1863 and also SUBJECT W the Laws oi the state oi Pcnns'
.S Al any melting Of the stockholders Of any
Eany or SS r or guy o9her os Of ay
municipal corporation hding having charge Of any Of the
rsp sno MUNICIPAL oatio and may act and vo@ IN
er roo .ns psis "a a. iuai ,a socksier