New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-05-18
AFFAIRS AT ALBANY.
wopr or THE LEGISLATURE.


TIE BILL FOR THE PROTECTION OF NANol'lII
srocKuoIprRs K1ILED--THE GENERAL STREET
pAuwAy puI SHARES TIE SANE FATE-IHE
ooyyRyoR's VETO OF TIE BILL ABoLishiNo
coMpr,I sorry PIIOTAGX AT HE'LL GATE
frnon THE REGULAR CORRESPONDENT OF THE 'hiD' M
ALBANY, May 17.-Although the members Oh
the Legislature their heads full OF pohucs just now
thew are doing good servce for the state in the way OF
Ioedslat,on To-day the chief bill OF the see-
s,on was nassed without a moments debate This
,ros the Corporation Tax bill, which is In
fact series OF amendments " the Law OF $50 taxing
CORPORATIONS Controller Wadsworh IA the author VI
most the amendments. lie discovered that agents VI
several classes OF corporations h6d internoia'en
ncnts exempng the companies from taxation when the
bill was under discussion In the Legislature Oh l97V
Foremost among these exempted corporations W.
the street railways. the express cohP""'oe'
the railway sleeping car qua ufa"ihh'i"0" ~
conpanies The bill striking out tine exemptions men
toned has had stormy career IN lts P''oefhc 'He
the LEGISLATURE Repeatedly the agents OF the street
RAILWAYS have introduced amendments virtually exempt
ing them from taxation, and repeatedly the ~atcmn'-
pess OF either Senators Assemhmcn has prevented
the desgn being carried out by securing ne rec
ton the amendments. The express companies nav
seemed Indifferent 10 the measure. scnator hRer o
head of the great Wagner Drawing Room Car Company,
showed his acauiescence in the taxation OF MS class %
nropcrty by voting for The hill This bill passed pre-
cisely in the form II came from the Assembly receiving
"a votes in its favor and only against lt7 l''F'o'
Controller Wadsworth estimates that n IT small peconc
a law he will obtain from the corporauohs re'e""' "
81 600 900 year for the state
Last week the Governor signed OH ulIeO''it N'
Boards of Supervisors every county to report every
six months the Of the corporations "i'nih tno
boundaries Of their respective counties III is eNpoc'ou
that this law will bring to the attention OF the Cohoh
vast number OF corporations that nave m'ner'o Nv
capped his search Nearly 81 100000 has been obtained
t,et tx
1880. .
The nfl imposing yearly tax on hquornealers' ui7
t.lers and billiard saloons WAS passed by the senate
today Under this bill officer to DO known rs S'ate
Revenue Commissioner ia TO be appointed In eacn 9a
oral District of the state Senator Habert ana othr
Copkng Senators argued that the power OF appointing
these Revenue Commissioners should be given TO the
Governor The Administration Senators on the other
hand argued that Controller Wadsworth' an Adnlhs-
tration man. ought have the power OF appointment
inasmuch o. the Revenue Commissioners VIII nc Nr'"
Ally his deputies After long debate. by vote OF IL
IN 10 the controller was given the power OF aPpoin'
ment The bill was then passed by vote Of IA 10 IL
Senator Forster subsequently moved that the Senate
shoud reconsider its by which the bill taxing wall
strect brokers In all stock operations was passed Inc
motion was adopted by q unanimous VOC, M s to
hos hcen living on the table Ot the, S'nAt.
for week senator Forster then moved that inc oI OF
the Governors Tax Commission on the SANE sn3S's,
Witch vastly reduces the amount OF the tax, ehoun DC
substituted. This motion was adopted pt hIso 80
The bin will up for consideration III cH ny,
The latest bill the Governors Ta& Commission on H
subject. that imposing stamp TAX 1n pI"S nv
tons has not yet been reported ~ the Lesla'ure u!
the Joint Committee on Taxation. A., -,
The bill of Assemblyma Baker for the protccuun VI
the minority tOckbO0ers of manufacturing corofanm1
led 10 long debate In the Senate today senator MIS
assailed the Till in fierce terms. He CHARGED thal VIZ
intended TO asst manufacturing companies NV" l hhs
Of receivers by the Wholesale Ii was his opinion that e
administration OF these companies ought 10 De il 10 Wv
majority of the sockhOdCrs IL also seemed 10 h'm t
there WINS sufficient power IN the supreme Court 10 gu
the wrolCs OF minOr, stockholders The pas-nEc OF ne
hjIl would cause the depreciation OF the properly oh
manufacturing coinpaulee senator Forster ia hhc' ~
the bill said that II had been Clrtiul! uaNn ~ VI
that majority stockholders might not recklcS tnIo"
company into the hands Of receiver ne h'u mI
several instances Of the oppressive treatment q" ulh"
nv majority stOch holders. His argument was h1i''ll T."
coldIy by the and after SOME further 1rSuc
euaOting clause OF She h was strl Ken out ~ '"o
OF 3 to Is. This killed the bill , ,,.,t,
The bill reNiving the charter OF the Beach Ih'Wh'
Railroad passed by the Senate to-day by VOC VI
senator Actor called back from the Governor to-day
his bill nppropriating S2iOOOo for the Metroln.hh ""
OF Art In New York ana anehdea oHo piN 10 CO..
eruor objected 90 the larger amount Inc b war INV"
again passed by the Senate. - ,,., o.. ,ho
The General Street Railway hil was cohblaeTeu V w
ast tinr I'm the Committee the whole of the senate
tis afternoon. Senator Xhi charged llht ne ron P
pose was 70 enable certain 10 oI P.Ast ard
many other strccts of Newiork CITY Ihe,t meh' ne
a. serted were attempting 10 pass the D tfougn no
brbes distributed stock OF the Forty second 81 ana ~
Nicholas-ave Railway Company senator foWI,I. Wv
author ofthe b decla Jared that hc ua no h "I.s' W
cnrrupt methods having been adopted 70 secure t' Ih
sage OF the hill Senator BiIby subsequently moved
that the enactitg clause should be struck ont H. mo
tinn as adoDted hy y standing vote Of IL 10 ~
kfterward when the hill reported Ia the Sene'H
an atteupt to rescue IL from destruction WAa naf 10y
major Fowler with a motion lay the report ~ the
,' ~ the Whole On The fable ThcmoifOn de
fcotI bv vote of 10 10 H. "a IL Was actuaiy tcet
vote on the bill IL Is given IN iun: