New-York tribune., 1879-04-11
ALBANY.
TAXING CORPORATIONs.


EARNEsT ARGUMENTS FOR AND AGAINST THE MEAS
URF.
IFRos rHB REGULAR coRREsPoSDEST or THE TRIBUSE.I
ALBANY, April 1O.-The bill for the taxa
ton OF corporations which recently nuoduecd IN
the senate by special committee OF that body.
posed Of senator's Sessions. Marvtl and Hogan, was
again debated by that body to-day
Senator Marvin said that hp did think that corpora
tons taxed sufficiently. Land paid 30 per cent
OF the taxation. Seemingly the beat way OF taxing
property 10 tts value. He believed tnat
property created by Law and protected by law should
stand MP ike a and submit to taxation
IKE other men The STAT. ought compel corporations
10 make sncn reports would enabie 70 tO tell what
amount 'hr cor olatlols ought 10 p' laAr N'nat',
Mccarthy here inquired n the wealth sud growth OF
cities not due % the corporations. senator Marvin
rrpled YER !nfstiyi but men, y thil any reis,n
why they should De almost cXcUD e from O. xttiDn !
Senator Poret0y said that be never heard mor as on
Ishing speerh that delivered by senator Har-
That senator had declared that he corporations mad
bcconr an tncu.us aud that a standing army had ce Il
established protect them InOhs cities.
There no antIe0niSm. IN the speakers opinion be-
ought NOS u be singled Out for persecution. Manu-
fdctmcrs did nor lead 'icir men in droves 10
rhe polls. senator Errie'ine intcrrupfiHg said
" They dId ~ NeN-YOrk when was elected,
aad some OF them were Indicted Tor n
my city" FAN continuing ills Speech. he said thar ne
stood by the Manufacturing interest OF tie state and
aimed at industry blow ~ The general pro-
pti7iV or ne state me corpprt0hs hAd nrpIurr mat
remarkable grown Of state OF which al were
proud. Ar attempt bciuS made 10 put on them
ana gr IuOdr % tss-s-Iueut. He thought the
mode assessment pursued for many years the
bc,i. 10 would Ne dangerous, n proposed IN the
bi.l. TO Efve power 10 me state Assessors.
senator NcCerthy said that corporations were an
evidence Of civilization. The bill WIS mOustrOus one
.atulrnr of corporations III" subject Of taxing
them very pro 0uHd one. ana ought 20 Oe COLE
sd ~ ty commas on and not nv the Leg stature.
senator Sessions replied t.at commission 1an been
tried IN 1870 and had been found Of Use. Il Was
plain corporations rscIvng taxation. In
NrW-Iorl City thr lfn HsHrtucc companies. with
capital Sl5J OF 5000 paid D-r-uuIi TAX; their
real estate cssyd at e2OIil,J-4 Certain rail-
~, v!rh cIpfHl ST ck 0i SljiS9O,Opo, we're as
,r>seb personal property Vrfy c3,oST, 90. The
olptrli :. .act. hl aggregate capital of $500,
tOO0OO .uG were asae-Eed on Ouly SJ1,JOOOUO The
Dill was Jien % pTogrt-srtl.'
4 C Ways and Means Committee Of the Assembly,
after weeks % mInaton, have at last drawn ~
III for the taxation OF corporations. The bill s based
upon On. mp the state Assessors synopsis Of
when was printed rccrut'v m TIE TEIBrNB. The
present. Dill, 10 become, Jaw, WI compel
rurfurgtlHFs ol al classes Co give mlnui-
r.uurt tLr!r financial condition yearly to
IA l5Gtruiiei. CDoI ths report the amOuu Of their
UtErS , determined. Means are provided for learning
inc rlr condition - every cJ.oiIiluu 10 they decline
fa furnish report. DO ihe general OYinIOn OF persons
ACQUAINTED ,sltn the Jrr-cut Legislature that -ucn
d. via HttI -Lc lcIrJ dUprOsa Oi Tie A-stmbY,
Jtr-WrI VIII De- Killed Oy an oycrf heinlins vote III