New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-01-26
ALBANY.
LEGISLATIVE WORK.

LEGISLATIVE WORK.
TAXATION OF INSURANCE sTOCK-CoNvICr LABOR
RESPONSIBILITY OF RAILWAY COMPANIEs-MoDI-
FICATIoN or TIE EXCISE LAws-TAxAnoN OF
CHURCH PRoPERTY-THE MARINE COURT-BANK
TAXATION.
IRON THE REGUr AR CORRESPONDENT OF THE TRrR.rNEl
ALBANY, Jan. 25.-The stream of new bills
flowing into the Legislature lessened greatly in volume
to-day and members opportunity to debate the
merits OF Of light weight that had escaped from the
coInnitteerooms. The Judiciary Committee OF the As
sembly, through its Chairman Mr.. Strahan announced
that it not in favor OF six bills becoming laws
Several were unnecessary others vicious In ten
dency This is an excellent example for all committees,
although not likely to increase the enthusiasm with
which certain members have almost every day in the
session prooosed some great law.
Iii the Senate the only important bill one intro
duced by Senator Hammond authorizing the taxation OF
stockholders OF life fire, and marine Insurance
pancs 1t provides that tax shall hereafter be
scssed upon the capital OF any life fire. marine insu
rance company organized under tho authority OF this
State but tie stockholders In such insurance companies
shall be assessed and taxed the value Of their shares
OF stock therein the said shares to be included IN the
valuation of the personal property of such stockholders
I'm the assessment OF taxes at the place, town,
ward where such insurance company is stu
aed and not elsewhere whether the stockhoder resides
in the said place, town. ward not but not at greater
hands Of individuals in this State In making such an
assessment there also be deducted from the value
Of such shares such sum as ia in the same proportion TO
such value the assessed value OF the real estate Of
such insurance companies and in which any portion Of
their capital Is invested ia which said shares held to
the whole OF the capital stock of the said insur
ance companies. The act then proceeds as follows:
"And provided further that nothing herein contained
shall be held construed to exempt from tax
alton the real estate held owned by any
such insurance company, but the same shall
he subject to taxation to the same extent
and and in the manner az other real estare Is
taxed" The bill also provides that full and correct
list the and residences OF all the stockholders
of the companies shall he kept at their several offices
The tax On the shares OF such insurance compa
MES the further declares shall be and remain lien
such share shares until the payment OF all taxes n-
posed under the provisions of the act IL is also made
the duty OF company pay on demand to the
receiver OF taxes town collector other officer author
lied by law to receive taxes all assessed under the
act.
The recent workingmens Convention in this city hal
before it the subject OF convict labor The result OF that
discussion is embodied in a bill which was presented
in the Assembly by Mr. Cozans II prescribes that
hereafter the labor OF c0nvicts in the several State
prisons OF the State shall not be let or hired out upon
contract Also that conyict shall be employed solely
I'm manufacturing such articles imported, such
workingmcn OF this state. 1t also provides that 10
goods or wares manufactured By convcts shall be sold
at less than their market value
As passengers who have been assaulted by conductors
OF railways and severely injured, have had great dill
Guilty sometimes in obtaining any money solace from the
railway companies for their injuries Mr. Tighe presented
a bill making the compani>Iiable for any wiul dam
ages caused by their employees
4 modification of the Excise laws, said TO have the
hearty support OF that stern temperance party known rs
the liquor interest" introduced by M Nachtlnann
II makes the highest license 800 instead of $3.50 ms
at present. and the lowest fee S30ihe lowest fee
now charged ProprietOrs OF entertainment gardens "
situated half mile from any church Will be permitted
to sell lager beer Sunday The present act known to
liquor dealers as the arbitrary arrest act, which per
ms policemen arrest at once persons whom they may
see selling liquor Sunday is abolished and the old act
recurring the obtaining Of warrant for an arrest is pro-
posed as substitute.
Church property Is threatened by bill introduced by
Mr. Marvin in relation property liable 10 taxation
II declares that OF the property owned by church So
cefy there shall only escape taxation the church. the lot
upon which situated and the land 20 feet on either
side Of the church walls.
The uetion OF citizens OF Ncw-iork for REDUCTION OF
the tax On bank capital presented by Mr. Hustled IL
was referred to the Ways and Means Committee MI
Cowdn presented bill for making the same allowances
to the Nev-York Inrmary for Women and Children, for
men, as are provided by law for the NeW-lorK III
FAINT Asylum. .
Abi aboslng The Marine Court and the substituting
for II court composed of four judges to be elected NJ the
next election, will he presented tomorrow by senator
Bixhy. The salaries of the judges VIII amount 10
$50 COO one half the amount now PAID 10 tne Malihc
Court Judges The jurisdiction OF the court is limited 10
over sums under 81 The costs allowed are
10 be the same allowed Ill the DlstIlct COURTS
charged that the Marine Court Is iar mere ~
,ff
York There will be no general tefil anu appTT9iS WI.
be sent at the Coart OF Common foas me "a
nenscs of The court minor officers VIII he esseneu 10
he amouut of S}7 400 There H. provision by which
all the fees. estimated to amount to about Sooooo' arc
Ihe Assembly Committee Ways and Means gave
an tie rcductIon of bank taxation this aItenoop
Briggs, state Assessor addressed iht coilil, d.
siderable length Mr.. COW,lrn made strong piesehd-
fion of The c?se IN behalf % the banks, sEoW Inc
great Injustice Ofhe present system OF Si'e anu iin,
Suai taxation He fortified ms argument by tellnS
facts and comparisons, showing that onelhird OF ine
total amount or personal properly aHsesSou y,
is on bank stock for the sime ie'sJ h r' Known
TO all, and the COLLECTION t oi phii1do,uhia
Baltimore and Boston 10 Illustrate the Injustice rrac,
teed in Newl lie claimed that AL me i,ihS aSh ~
that measures be taken to place all personal pr0ery on
mar Will The hanks lie urged prompt legislation tend
ing to tighten the burdens OF banks ana theepy c Mn
the further reduction of bank capital in the Ste Mr.
RrirIs ave nm interesting OF his experience
Throughout the state, showing that popeIt! Va ,.h
kinds had been greatly undcryalued lie std III Ioosev
tn rrrf from present troubles by the enforcement vi
existing laws. and looked with alarm ~ inc tPp .
reduction OF bank capital The committee VIII nav
further hearing tins subject next week. 49,, o,,,o
Mrs Josephine Shaw Lowell, "A member OF Tue state
trc an C,t.rs to-day upon bill drawn up by her,
which would establish workhouse - s't1 70 of
the tramp evil she made long argument III pcu,'. "
the hill stated The reasons why IT'S several SECTIONS
should be adopted and gave her 'oii'eIt W ~. m
tees desire 10 strike inappropriate Sectuh
cIuIg line criminals known uisordery persons Ill tue
S blu. INC u ''.D'.' -