The New York herald., 1879-02-26
THE STATE CAPITAL.
Legislators Anniously Discussing
Future Political Issues.
HOLAHAN'S EXCISE BILL.
Loew and Gumbleton Still Under
Investigation.
INSURANCE LEGISLATION.
Slight Fiibustering in the Senate Over
Appotonment
HOLAHAN'S EXCISE BILL.
INSURANCE LEGISLATION.
[Bx TELEGRAPH TO THE HERALD


initiated the usual political discussion State and
national issues. The HERALD interviews from
Washington and Albany occupy good deal
of attention. In conversation with Mr.. George b.
Sloan on the prominent subjects treated upon
in these articles that gentleman expressed himself
to me emphatcally in opposition to the idea that he
had ever been would be q candidate for Governor
next fall. Mr.. Sloan seemed very positive in
his assertions as to this position and al
though adverse to the publication of an
interview on the subject, evidently felt the
necessity Of being placed clear on the record as to
gubernatorial issues. Notwithstanding such direct
antipathy the part of the gentleman from Oswego
to have his name used in this connection can see
strong faction in tho republican party in Albany
anxious that he should be the State standard bearer
in 1879. when SO much depends upon the success Of
the whole ticket in New York as the pivotal State
GOVERNOR RoBINsoN's PECULIAR POSITION.
The charges preferred against County Clerk Del
mar, Of Brooklyn, have, too given rise to consider
able speculation in political 1t is asserted
by several gentlemen with wnom convcrsed to-
night that the initiation Of such charges has come
through Tammany agencies.
"why so?'' asked.
because the Kings county democratic machine is
known to be with Tiden. The plan is to present
further charges against other officials in that section
conclude to remove New York officials. in or
der to be consistent, he will have to
chop of the heads of Tilden's friends at
the other side Of the river The scheme consequently
seems to be to thus cucumber the Governor SO that
he will be compelled to dismiss all complaints in
order to save the partisans OF those with whom he
and Mr.. Tilden are closely identified"
LoEw AND GUMBLETON NOT DISPOSED OF.
1t is not yet known when the cases of Register
Loew and County Clerk Gumbleton will be disposed
IS tt,a nirhf ~<o Il
that he had decided to remove Mr.. Gumbleton. This
story contradicted by the Governor. who stated
that he had not yet had time to take up oil the papers
submitted in connection with those subjects. This
gossip is furnished for what it may be worth.
RAPID TRANSIT AND CHEAP FARES.
Mr. David Dudley Field and other gentlemen con-
nected with rapid transit in New York city appeared
before the Senate Railroad Committee this afternoon
sines bill reducing the fare on those roads to FIVE
cents at all hours Of the day and night Mr.. Wagner
was the only member of the committee present and
the argument postponed for two weeks.
PROPOSED METHOD OF TAXING CORPORATIONS.
| 1t is understood that the sub committee of the
Committee Ways and Means consisting of Messrs.
Wadsworth. Fish and Grady. will tomorrow draft a
bill in accordance with the Pennsyvania ystem by
which all corporations will be taxed directly by the
State and not present by local authority Sta
tstcs have been received from boards of supervisors
State and other ofciss, giving the
of taxes paid by large corporations and the method
of collection. These figures prove that the sys-
TEN suggested will operate very advantageousiy to
| the State and also so far toward doing away with
| much of the abuses now alleged under present
methods in the collection of corporation taxes.
CHINESE QUESTION
The Legislators came together i'll Senate and Assem-
| bly, this morning at ten O'Clock and Immediately
plunged into business. The Chinese excitement has
reached us here, as Mr. Hamilton Fish soon after
| the opening of proceedings in the Assembly. pre-
sented resolution in opposition to the measure
ject. Mr.. John Calvin, member from the
Fourth Assembly district Seventh wnrd of
tion SO that it was laid over under the rules. Mr.
Calvin. who is understood to be countryman Of
Kearney. the California agitator was in possession
at the time of resolution directly in conflict with
| that introduced by Mr. Fish, He evidently does not
believe in tho proposition to permit those "slimy
imre." with their 'eprous tendencies" to overrun
our free and enlightened Republic At least this is
supposed to be the sentiments Of tho gentleman s
constituency in the Seventh ward.
AN IMPORTANT INSURANCE BILL.
Mr.. Hepburn's bill providing for tho incorpora-
ton of life and health insurance companies was
ordered to third reading in the House. The main
effects of the bill if it becomes law explained
as follows by the supporters of the measurc:-As
pany organized under the laws OF this
| State may have an impaired capital to the
% per- cent or it may be almost entirely lost and yet
authority is given to the Insurance Department
to call the stockholders to make the capital good
| The trustees and directors of such companies who
holding the several offices by of their
being stockholders, continue in the management of
the affairs of the company, although the interest
or capital that gave them power has ceased
| to exist II this proposed bill had been tho
law from the organization of the department there
would have been grievous loss to policy holders
| and less failure of companies. Under the present
law there is standard fixed for the fund of
| u casualty insurance company, and such company
may receive 500. 900 premiums in year and not
serve dollar to protect the policy holders
arbitrarily. REQUIRES tho COMPANIES 60 set
aside certain amount, but the point is here raised
that If such authority was questioned the depart
serve fund of such companies tho total amount Of
the uhcarned premiums For instance. all risks
written for one year II the policy has months
one halt the premium has been earned by the com
pany; IL the policy has run three months one
ton. AS the life act stands to-day IL q
company has sufficient assets to its risks it
cannot be closed up; its capital may be and 1T
may have 500 900 In death losses and unpaid endow
mcnts but II il has sufficient to rcinsure its
outstanding risks without regard to providing for
| the death losses and cndowmcnts the department
cannot act. This bill conpels cuch company 20 be
in possession OF funds equal In amount TO its
fund reinsurance fund and all other Liabilities un
paid
THE EXCISE QUESTION.
II will be rccolectcd that last year Mr. Maurice r.
Houlahan succeeded in pushing through an excise
| bill in the Assembly which relieved tho trade from
dcspotc and mudtiled condition of the liquor qucs-
tion in New York city. This bill was aftervard
be made to pass IL in both houses. As 10 is of in
tcrest TO every dealer in liquors in the metropolis
again give the text, as follows:-
AN Acr amend chapter 10 of the law. Of 1870. cnsi
Tied An act rsnssns aim the sale OF % len 'ascss
York represented in Senate and Assembly do enact
sfcrios ,--section of chapter i7s OF tho Laws Of
1870 entitled AN regulating the sale of
liquors. passed April H. 1870 hereby amended as 10
| read follows -
SIC 6Thc act entitled AN act to regula the sale 81
Intoxicating liquors within the metropolitan police die
trct of the Stac of New York. passed April H. 1906 Is
hereby repealed and the provisions OF the April
10, 1851 except where the samo are mconsist
| ont or In conflict with tho provisions of this
shall be taken and construed of this act aud
be rcnau in full force and effect throughout the whole
of this State except that in cities licenses bo grant led
period q not move than year psrm, The sale
than inns a,crns and hotels in where the Excise
shall he satisfied that the
licensed shalt bo of good moral character and such
before being issued shall In every be approved of in
writing by the Mavor Of the city where the issued
ccnsce shall he arrested for any violation Of this
net except duly issued All moneys received
for licenses in cities shall he deposited daily with tho
Chamberlain Treasurer of the where the license
granted, to he used as provided for by law.
Sxc All aud parts Of acts incon stcnt with this
hereby repealed
SFc 3-This act shall take effect immediately
The bill referred to the Committee on Cities,
Of which Dr. Hayes is chairman. All the other bills
this subject have been sent TO the Commit on