New-York tribune., 1877-03-13
ALBA n Y.
< OF THE LEGISLATURE.


SENATOR HAMMoND's TAXATION BILL READ A THIRD
TiME-A GENERAL BILL TO BE REPok1ED By
THE INSURANCE CoMNITrEE-A TWO HOURS DE-
BATE on INSURANCE.
lBY rBiEGR,rH TO THE TRIBUSE'
ALBANY, March 12.-Thcre were few men,
bers absent on tha reassembng of the state Legislature
tonight The Senate had short session but during It's
meeting ordered 10 third reading important meas
urc-senator Hamronds bill authorizing the taxation
Of life, fire, and marine insurance companies la the
Assembly after few bills OF slight importance had been
presented there followed two hours debate Oh life n-
surance Ii S> aroused by Mr. Oliare calling up re'o-
mtion introduced by him fortnight aso which reciied
various evil, under which ii alleged einsirancc was SUI
feng. Mi. Hustled said the Insurance Committee were
busy az work; that they did not want any further d
rccton: that important bills to prevent the evils
complained OF were already before them, and that they
intended 10 repor; general bill the subject before
the end the week Mr.. Purdy offered az substitute
for Mr. Oare's resolution directing the Committee
ON Insurance TO summon before them the presidents
viceprcsldcts secretaries and actuaics OF the Eta
BILE Assurance Globe Ncw-York Mutual KnckerbOckcr
Metropolitan Mutual, and World Mutual Life Insurance
Companies, and require statement under oath from
each of them rs the amount paid i'll salaries, fees
compensation, donations to their respective pres-
dents Independents, secretaries, medical exam
liners. dtOuies, coun5ellors, and other employees
during the year 1876. Mr.. Purdy said that the
Senate had endcavOred 10 obtain this information
through the superintendent Of the Insurance Depart
meut and had obtained from companies, but the
companies named had not furnished it. Tee policy
holders desired to Know whether their money being
sauandeed and ne thought tins the best way OF obtain
ing the information. Mr. j. g. Graham said that III
bill they considering before the insurance Com
mittec penalties prescribed for such companies as
refused give Information to the superintendent OF the
Insurance Department. Mr.. WeiaDt, member of the
|
TO Mr.. Purdys resolution, that the Insurance
| Committee be required to report a bill before
| March 10. Mr. strahan said that he
hoped Mr. Pur(y's resolution would pass; it was in
formation to which the Assembly was entitled Mr.
OIiarc accepted Mr Purdys resolution a substitute
Mr. Srahan then offered a resolution which linked to-
petlcr in one r Puriys and Mr. Weiants and i'll this
shape il was passed by tne Assembly by overwheln
| ing vote. MI U1seboOm having demanded separate
vote Oh branches Of the resolution, Mr. Weiauts
part was passed unanimously, Mr Purdy's by vote OF
30 TO g. The negative votes were given Dy Mr. Ecciese
| Mr. Hoge1oom and Mr.. Piper. Speaker sloan. Mt
Hustled aud Mr.. AlyUrd voted IN the affirmative Mr.
IIogeboon introduced bill to exclude persons forever
from the right of suffrage who shall in future accept
bribc for giving withholding vote Mr. Cowdin pre-
| sented u bill which he SAID had been drawn up
by a Joint committee of the Chamber OF Com
mrrce Produce Exchange, and shipping Association
II provides that the Mayor shall appoint Commissioner
OF Docks at salary of 1000 who shall have the power
of the Department OF Docks, and take its place IN the
| management OF all piers and wharves.
Mr.. Purdys Gas Works bill provides that the Mayor OF
New-York shall appoint four trustees " for two
three four and five years respectively. The Comms
soner OF Public Works shall be member OF the board
The trustees shall DC perform their duties fatn
fully, and without salary OF any compensation
whatever. They shall appoint superintendent, VINO
shall be civil engineer ana two assistants also civil
engineers with salaries to be fixed by the Board OF A
poItiOnment The trustees shall then proceed to con
struc gas works for the distribution Of gas throughout
the city, Bonds of the city shall be issued TO raise money
for the expense incurred 10 draw interest at the rate o
six per cent. Private consumers to he supplied with
gas AT 81 25 per 900 feet The works short. tn
be constructed and managed the basis of the Phila
dephla Gas Works
Mr. Fish offered "A resolution calling the Attorney
General report the amount Of money received BY hl
| in the suits In NewYOrk City and County commonly
| known 40 the Ring suits Adopted