The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-04-18
LIVELY WORK In ALBANY.
OUR LfUUIkERS Still TfLRING
1BOrT CRY INTERESTS.
The nm to Exempt Bank surplus from Taxa
ton Mr.. Fish Creating ~ breeze The St.
Louis Fire Omnibus Supply BiII.

The Rni to Exempt Bank surplus from Taxa
lion Mr.. Fish Creating IL Brccze-Tbe ~.
Louis Fire Omnibus Charter Supply BiIL
ALBANY, April lin the Assembly this
morning MrC Owdin = bill excmpting twenty-five
per cent. OF the surplus Of banks from taxation
was a special order. The bill was Advocated at
some length by Mossrs. Hustled. COwtin Coz
ans. DR.. Hayes. and others and opposed 10y
Mcssrs Post, lloscboom. sheldon. and others.
On motion Of Mr.. Avord. who made one Of the
best speeches Of the day. il was amended so as
to provide that shareholders Of banks or bank
ing associations shall hc assessed and taxed
upon ther shares W stock in the same manner
~ * now provided 10y law. and not otherwise;
twenty five per cont of the capital to los exempt
from taxation. The clause permitting the per-
sonal property Of shareholders to offset against
their linbliiy being stricken ont, the discussion
developed a great deal of opposition to the
proposition from the rural districts which was
tnrscly expressed by Mr. Maynard Of Delaware
who said that the bill proposed TO exempt from
taxation s3o,O0000O ofpcrsonal property Ifthis
were done that taxation would be thrown ON tho
real estate. Ar tins already bears cighty-two per
cent. Of the taxation it WIS sufficiently hurdnn-
ed. As long as q farmer VINO holds $1,000 worth
o od r oio WIN II ,r n,, ,,i'c no ''
when he really owns but onr-iith. he believed
that there VS. something wrong about our as
! third rendi 10y vote Of 90 to 40. The follow
| ing il the hill MS amended:
carimi property ar iran.hi.c Of any innk or bank.
M association organized uuder the authority OF Tins
So Tho shareholders, Of every bank or banking
a. .ocs l,r,in 20 fNc ,in, intn 10. now ir,.|.d ny
| cgnt p 81 canaio cich bank OF haotlns a.-ociau,o
So . f4i, iot .haii TAX ca, tmiu,,d'siciv
After this bill had been disposed VI. Mr.. Fish
! mad. his motion a. suspend the rul.s in order
haiths same eil.. upon tie bamoarai- ibai
1 IN" rokinr oi q stick into hornets most wnu|d
/ n.N. upor tno-' pu-naaiou- insects. CoDI-.
instantly ola thrir feet protesting agnin~t THE
attempt To railroad through an Important
/ inoiSilr, for tl. ciiy ~ NV Y rk and 'iue r.
sorted ~ fllthc pnriiamontary tr. ks to d.a,v
action unii tine hour ol adiournm.nt hut w.rn
/ un4if ,..--ful Thu rules ,car,, -uet'ullrI hv
nN,trDf 7nfI Tho nfirfo.fiv, Volts h,fns
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