New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-02-13
NEW-JERSEY CORPORATION TAXES.
FEATURES OF A DEMOCRATIC MEASURE.

THE DUNN ACT REPEALED-MoRTGAGED PREM
IsEs-IICENsE LAWS.
trRom TIE REGULAR CORRESPONDENT TRIBUSE.l
TRENTON, Feb. 12.-An important bill, which
understood TO be the Democratic corporation tax meas
ure was presented in the House to-day and referred to
the Committee on Railroads and Canals. 1t is autbon-
tatively stated that II drawn In conformity with
Governor Abbets inaugural and Is the intention of the
Democrats make party issue upon 1t. The bill is
voluminous and its operations will necessarily be some
what complicated. It provides, primarily, for atate tax
OF oneha OF per cent the value OF all corporation
property State purposes and for local tax at full
rates upon their real and personal property.
Valuations are TO DO fixed by local assessors
and equalized and adjusted by State
Board for the Equalization OF Taxes From
the decision of this board appeal be taken In
case any company declines to pay, the State may ap
point receiver to collect the amount from the COM
panys sources OF income The especial contract"
panes possessing irrepeaable charters may file their
acceptance of this act but in they refuse TO aecede
to II the State may enforce its claim and the act enables
the officials refuse the companies acting the benefit
OF the laws and action TO force them into an
accept OF the act The bin has been ordered printed
and it probable that it viii be pushed by caucus power
though whether all the Democrats Will 20 into caucus
on such measure as this is regarded doubtful. The
plan has not been thoroughly examined yet by any OF
the experts taxation and is viewed with doubt unt
at least, 1t is more clearly compreheDded.
The Assembly after an extended debate passed the bill
repeaug tho somewhat famous Dnnn act Of 1882 About
that year. John T. Dunn then Speaker OF the House OF
Assembly applied to the Supreme Court for admission to
the bar presenting the usual certificate OF study His
admission was objected to by political and personal
enemies ground that he had been working painter
during part of the time of his law studies Dunn ac-
that he had supported his family while
studying and the Supreme Court decided that hscoud
not DO admitted. The Legislature took the matter up
o1lw tfn1
person should be admitted TO the examination upon the
certificate OF five counseors In good standing. Dunn
was examined and admitted but the Supreme Court i'm
medatey made the examination much more stringent
few other have been admitted under the
Dunn act Lately, counsellOrs have been giving
the certificate OF unusual qualification" without
regard to the worth Of the candidate and In this way the
operations Of the act have been unsatisfactory me
lawyers of the Assembly have diligently oboied me phi
since 1t failed week ago. and made some interesting
and able arguments In It's favor on the MOOR IL passed
by vote Of S3 to 20 ard wiz probably become law
bin Which passed the Assembly last week providing
tst ortgaged premises should alone be responsible for
the MORTGAGE debt fOrbiddDg suits on bond was IN
definitely postponed by the Senate after an animated De
strongly described by Senators rggs and Youngblood
The statement OF Senator sewel before the COMMITTED
nothing privilege of forming companies under the
liberal corporation acts OF the state, Is nor atoscher
providing that, In lieu OF the fee Of one dollar
certificate OF incorporation previously charged tae
$780, 900 capital and 20 cents per thousand
dollars for greater amounts with proportonae rates Tor
renewals extensions amendments etc. TIE act mas not
been In force year yet but has produced the respect
able of 25.202 OF up TO date and has also reduced
the number of fraudulent companies INCORPORATED there
toore These companies pay no tax though It would be
10 the evident advantage OF the state they were re-
uuired TO pay small sum annually. They are under no
whatever and the freedom OF the NewJersey
has brought within the states borders LARGE NUN
of companies doing business In other St9tes The
mqin office" OF a company with 100000 capital and
doing large business is In back room IN Newark and
MALL OXi
all done in New-YOrk
An act last changed the license laws so as to mako
number of innocent liquor sellers in country towns LA
bic 10 prosecution. An act TO relieve them was passed by
the Senate tins morning and by the House this atern0On
and 1t now goes the Governor In the course OF MS rc
marks supporting the measure Senator Cochran aluded
tocnnciy TO the case of an unfortunate widow In his
county who was in dancer OF unjust prosecution. The
widow most closely affected ia said TO be AssemDynan
Ross keeps hotel at sparta, sussex County ana
the IL said to possio.e topic Tor early
issues OF the opposition Sussex County week.-Mrs..
In response Senate resolution, Child Labor lnspec-
tor L. r. Fell to-day submitted report, stating that he
had devoted his entire time to the business OF Inspection
bill 70 increase his salary TO $500 and TO give him two
aids at 81 900 year each Is now before the senate