New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-04-12

leaving profit FOR the sGcshossTs q only rs 11San.
for stating that at least twoirs Of the nanAT IN me S c
were compelled e poverty and iIpornnity Of The share
In view Of 70 aes Mr. Speaker need add that te strng
gle Is one exlstepce At such crisis now III, AMI
ev 600 per cent whose chief vocation IN even prosgef% Gus
gS S s W U The staple question whether this Lecis
aue wi allow the banks Of the state by means o. unjust
and o II sSs Of lw e no Tor the
s partly 10 n s be 1d%h aG donEFess ami u the
courts, win these s I'VE a aT 100 Sfas''n nov"
O There should be LEGISLATION providing mat banking prop
erty Of Whatever Kind a not be At any hgh, rate
in proportion 70 It's actual value ia Giher piery IN inc
sane 7, onl he made the duty Of the assessor and
eey Of The sa and ey Should ~ BE be ohed RS
OF antaxabe nHea securities hea 10y the 6aDS s1a
be deducted from Ihe amount o. .if in ne VIII he
ie%td "a Inc SSnes Eo.c po6onco az Chief Justice Of
l lS SS o. Who When ec5eiary Of the Treasury
the author OF the Naqna 10 deduct the LEGAL reserve
which they compelled by law to Keep on haho ana WHICH
s. ai he shareholder Of bank capital saal be allowed to
deduct with other personal property iron he amount O
s. That the shall devise ways and means Tor
carrying al these provisions into effect ~ ossosso aud
T. ihat the courts De empowered 10 BRING assessors any
assessment rolls before them by summary process WI,
Simple exFedlents banAs may be preserved =
Upon the conclusion of Mr. Cowdin's speech Mr. Pu.dyi
I'm short spcech severely criticised the banks. lie sd
that in the panic they had refused to dollar TO help
the community In suite OF their asserted hardslps II
was noteworthy that their stock all sold at hgh
prices. II was well enough to say that the
stock was mostly owned nv widows ana oiIhais,
bur Mr. Codin remember that money in the banks
also belonged 20 widows and orphans III was an hioS
universal opinion in the state that personal property
Ought 10 be taxed III the resolution was passed lnc
amount Of personal property subject 10 taXaoh wouo
be d. creased. More burdens OF taxation would hch nc
nut mon real estate in other words upon TIE arher
Nv Snnola SAID that it his belief that inc resO-
luton attempt place the weight OF taxation on
real estate In opinion, II the banks could rot shr-
tain themselves under the present state laws they ad
better 90 into liquidation He moved that the RESOLUTION
be laid upon the table. The motion was adopted .
Mr. Naclitman presented resolution lnstTucing Tie
Committee AppOrtiOument To report plan Tor reap
nortomnenI and the Assembly districts OF
the state within ten lie said that the last Legs
laure neglected the duty, ana he desired 10 cOnpel Tue
present Assembly consider the subject before INC 'at
DAYS the session. Mr. Hustled moved mat ne cSOI-
fonlntnt Committee r. AVOrdl was absent the fcsO,
LUTON ought not therefore nc considered Mr. ShOG Sa
flat the LEGISLATURE had been in session % dal ana yet
The ApportiOnment Committee mad no; held snge SEES
sion They had secured the appointment OF ctlh anu
"A messenger, but these mcI had not Done any NoTh
for tbc wages they receiving. Mr.: HOecboOn, "a
member Of the committee, sad that some OF he 'iio
were at work upon plan of apporonmeni, ana Wou,d
soon consider 1t i'll committee Mr.. Cdrfoh T. Shilth'
Re hlcau said that it was his opinion that the Com
miItcc on AppOItiOument ought long AGO 10 nave lt-
ported and be should vote against ta0uS the resolution
Mr. j. s. Graham Republican, also N0ted against INC
notion The resolution tabled, however ny u Notc
OF 81 to 80. In this connection rhnlOr may DC men
nred To the effect mat Legislature does not pass
an appoItonnent bill of sOrt that Tue Governor
Will summon nm session for this purpose alone
IelmblIcaus the hciei tudi uliueF lAt
constitution In. aSi LEGISLATURE alone Was authorized 10
DO so another reapportonnent cannot be lesiy inade
for 10