New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1876-01-26
THE LEGISLATURE OF NEW-JERSEY.
FIRST IMPORTANT BILLS.

IIKOl lMlOlt 4 Az IlLi>7'
eYrrIING DOWN At LAST TO ElIoJS BCSiNFSs-A
PLAN TO REVIVE TIE FlVE-CoUNiY ACT PRAC-
rIcALLY-A RAILROAD TAXATION BlLL-GENl RAJ
SAVINGS BANKS LAW.
[yRoM SPECIAL CORRESPONDENT OF THE TBIRUNEl
TREyToN, y. j., Jan. 25.-The introduction
n, General laws today aud the probable introduction OF
additional laws of similar character tomorrow give
the present session Of tie NewJeTsey Legislature not
only general interest, but its first interest since
its organization. The bills which VIII lead 10
the important fights of the Winter either
made Their appearance yesterday OF VIII 10
40 to-day The contest over the "Flvo-County act,
substantially abolished by the smended Constitution Is
being forced by the representatives, OF TIC northern Of
ton of the State the release of mortgages IT IN taxation
being imme4iatiatcy aud inpcrati'ely demanded ny
tho business interests of that section MI LEWIS :
bill introduced the first day OF the session.
and SIMPLY extending the provisions OF the .o,eat,,
Five County act as now stands 10 the entire state VIII
not pass il at first hoped that IT would pass nc
might be forced through tIc senate Us o.EihaoIS
have, however, made close canvass OF the Asseio,
and can only count y favorable woes; WIN Nv" Tlo'
ful members Of full vote OF CO. 1t VIII be- almost
WIFI tSis result in view Mr. Vail to-day introduced in
the House a bill eufns the moItgagor and the mort
~ mortgage itseif. Tor tie Payment Il the al
property repre- scented by the mortgage, by the borrower
many of thu members favorahy. but may really
be found when fully examined tn be as ONCE onoe 10
tension Of the original act sine, il must &0roSaie the
laws now in force outside OF the counties border
ing NCwYork, which oblSc the Inoitsasee 70 pa" 'he
taxes and limit the interest to seven per cent: 81.
The additional proposition 10 MAKE me ta1"oh VI
the voters OF particular district has not yet assumed
the form Of bill, but will d. 50 almost Immediately.
The members representing Pascaic, Bergen. HucSgn'
Essex, Uuon, and MiddeseX counties, when are Wh"lY
or partly Within the provisions OF the Five County act
viii leave thing undone TO secure compromise In
the interest OF their constituents.
RAILROAD TAXATION.
The matter O, sc cond Importance is the a1 for rail-
road taxation Both Houses adjourned almost immeda-
tely after organizing this morning in order 10 give The
Commission OH the Revision of the Laws opportunity
to consider and report this and other bills Of
BY this bill which will be introduced in the Assembly to-
morrow morning by Mr. scoyel, it is provided:
The various railroad companies among or operating
roads within the State pay OF onehaf OF one
per cent annually upon original Of construct
AMI upon the cost OF equipment and allthdages,
s t. bear isA interest," at 10 per cent after the 1T
Of February following the assessment. The PieSi-
ration in The state rs TO make return to me
ing each item in detail and the location Of all property
the state tax which becomes Immediately due on the
filing such return. This tax dnd interest tItn become
lien the entire property, real ana personal OF Tue
company, such lien having precedence over a.! oilers
Should any company til 10 make tie return demanded
by the law should II make such return as the COnnls
sion OF Railroad Taxation may have reason 10 oeneEe
provided for III the returns ana certiy me same 10
the Controller. should any railroad company feel ag
sonef, il sIan have the right within ten days
after tie fling Of his return with the Controller
TO aplesl 10 some Justice OF the Supreme Court
who shall summaTly decide such appeal upon evidence
produced. In such the Justice has power 10 COM
pei witnesses percmpt0riy ana must decide The appeal
within 80 DAYS, unless he extends the time by certificate
under his own hand, flied with the Controller Hs de
cSi0n shall then he placed file with the Controller,
aud the place Of the preceding celuhcaes; but
should lie IN auy reductions in the estimate, as cor
titled by the CommssioeT lie shall state the amount OF
the reduction and the reasons fol H. ,,, 81
Should any company fail 20 pay such tax Wltnn 10
days siter 30 becomes due the Attorney General sna
apply Supreme Court Tor aid ana upon tie C'FtIn
Gallon Controller that the return Is proper! MADE
aud OF Treasurer that the tax las not been paid
Judgment shall be taken and execution snail issue IA5
judgment and execution issue II p0rte ana whether
notice be gwen not all tie proceedings shall be sl-
mary and the collection sla tc made by the sale OF the
COMPANY property OF franchises.
Should tncrc be dispde between TIE STATE ana any
COMPANY 20 the extent or it. liability, the company
may pay into the Treasury such amount as 1T may admit
10 he que pending the decision OF the matter III TIE
courts. RMS act is not intended 10 affect II any Way
local county, municipal taxation. Tx act u 10 be IA
full force anst every company ia the state VIII out re-
gard 70 any special PROVISIONS III any OF tner CHARTERS
liking another rate or different mode Of taxation.
There will not improbably be considerable opposition
on the part Of all the roaGs this bill AT present IA,
however I've eyed that the will be aimed very largely
OF som SPECIAL privileges contained IN The charter of the
New-JerssS Central EdilI Odd, OF which advantage
has bee taken TO pl &c rolling stock upon branch ana
leased 10; d., upon which s;Och n TAX Is paid
sohatOf MIX o. IsseX INTRODUCED an Important general
pct relating 10 the ChatCng OF savings banks and other
banking Institutions 1t OF such length that 1t was
ordered printed without reference.
TRENTON, n. j., Jan. 25.-The Republican
Joint Tonight nominated ex-senator George NJ.
Wright OF Burlington for the thirteenth
ballot ant ate Director Butts ana State Librarian Nc
j. maid BY &c waiion. The Joint meeting VI tue Legs
latuIe VIII take pace al noon tO-lL0rIOw.