New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-02-11
TAXING CORPORATIONS.
SATISFACTORY RKsULTS-sOME EvASIONs.
IRY TELEGRAPH 10 The TRIBUNEI

iBT TELEGRAPH 10 THE TRIBUHE
ALBANY, Feb. 1O.-"We are receiving SIS, 900
q day now from corporations in payment of the
taxes imposed upon them by the Taxation Laws Of last
winter" This uttered CHEEKY manner oy
Control worth yesterday IN reply 10 All Inquiry oil
the subject. Continuing the conversat 1r WadswOrth
said: with z few slight amendments which have
mentioned In my annual report 10 tie Legislature |
think system Of taxation laws Will work admir-
ably corporations eheerfuly paying the taxes
levied under Il because relieves them from much
tous local taxation. Altogether my estimate that we
should receive million dollars from the corpo-
ratlons under the new laws does not over
estimate
"Tske the New-York Central Railroad. That corpora
tion paid the State for the five months beg nning
with July l. $780, at rate which Will make the States
annual receipts from this source 100000. The beauty
OF the laws hes IN the fact that three-fourhs Of
money Tie state ges from & 10 excess on
laws The nesec. OF local 10 TAX 1ne was
gotorious am N aav9r o. me new Avs
pcrstiOrs. In Pennsylvania they had this same
the State to hunt up the hidden ones #o may be
PPsnes have Rer cap stock invested in Utd States
bonds Of course we csnoo TAX Tue & M re
we can the franchise business o suct companies
and IL they bear The share OF the taxation with the
The law was signed by the Governor June l, 1880
lions a tax for the six ending July l. Payment
ri this has been resisted by many on the ground that
law could not be Ohers have pad under
tpro; es many have paid month OF June, thus
soknOw dying obedience to the law and great many
for five months succeeding to The end OF tue nsca
year. 49,
An kinds OF corporations have been taxed-fr0m
mighty railroad corporation 10 an oil company win
few hundred dollars capital. Tue Allegheny OIL Com
pany, Ut Oleau, Tor inst ance, with capital OF @JOOO,
paid dividend OF 1856 cent, and was Taxed anu paiu
BzS2. The Western Union Telegraph Company has paid
The elevated railroads OF NewHOrk paid through the
Manhattan Company, receipts $12, 1885, and on
capital stock, $685. MGinGcompanies nave not es-
naI,ed. For example. the Hershaw Miung Company
paid $50 on IFS capital stock. gas comp or
Bingba M that had paid any dividends Tor ten
years permitting its surplus 10 accumulate WAS so rash
as 10 declare q dividend or 800 per cent, anu
gunere6 according ut the hands OF the State. FIR
INSURANCE. companies paid heavy tax; the heaviest
being paid by the Atlantic Mutual 81 900 on It's gross
Iremiulns IL Is pleasant record that tue foreign fe
INSURANCE companies without MURINE sent tlelr
checks for large amounts 10 lhc niroller III
nayment, The railway companies OF other States
entered into this State nave also been very
prompt III paylng amount OF taxation due uDOn Tue
proportion Oh their earnings maze IN tue SIe inc ne
Insurance companies pad petty amounts So petty
rs hardly worth while 10 write out cheek Tor some
companies apparently dare defy the State authOres
10 collect the levied them Ii was 10 meet
such thai ATTORNEY OeEcFa warn lo-daJ Soueu
Wnrnng circular a,
The total amount yet collected of taxes aud due
from the panies The five months OF 1880 Is very
large The recei ed already by tue CONTROLLER
following is From June to Nov. 1, The sum
s$s52s IS IN January, S2lS.s77 o4; in February,
kil4,7y021.
below viii be found ststemsnt OF the taxes paid by
eome railway companies
ewy YORK. New Haven ami Ha: uord. on gross re- o-o o.
s@YSri NswHsven and Hartford on dividends $500 10