New-York tribune., 1884-02-28
GoVERNOR ABBET77S TAXATION BILL.

ORDERED TO A THIRD HEADING IN THE NEW-JERsEY
AssEMBLY-IIs DEFECTS.
[FRoM REGULAR CORRESPONDENT OF TIE TRIBUNE.
TRENTON, Feb. 27.-The Albeit Railroad
Taxation bill ordered to third reading this morn
ing after the rejection OF several amendments Gov
Albeit has succeeded in dominating the Assembly
this remarkably, and in the foolish ter
OF the possibility OF msconstruetion, the members
have voted from the first without regard 10 the merits or
dement's OF the bill The agitation having been main
tanned in It's earlier phases by few men VINO useu II
for political purposes, the Assembymen in their Late
conversion let these persons form their opinions, and
when the Governor captured Of the prophets the
other day he had no difficulty in gathering In the disc-
pies He yielded enough OF his pride to amend some OF
the most glartng Objectionable features Of tho bill and
it exempts charitable institutions and provides that
Of direct State tax, the State shall have half
Of per cent OF the local tax which to be assessed
the local The bill exempts manufacturing cor
pOratOns from State tax, but taxes trading Insurance.
telegraph, telephone and similar companies without
discrimination as to their earnings This will result in
imposing heavy burdens on some companies, doing pos
siby losing business, while others which are gaining
q large profit may escape. The amendments rejected
this morning intended to cOnfne the operation OF
the bill railroad companies, and the deficiencies OF the
measure as other corporations were clearly pointed
out by Mr. Keasbey. The Governors orders to admit Of
no amendment were, however, strictly obeyeI.
Pending the engrossment, the Special Committee on
CORPORATION Taxes reported ts bill for the taxation OF
companies other than railroads, which IS really COM
panOn TO its bills for the taxation OF railroads.
The bill, which reported by Mr. Neighbour pro-
vdes for Of two per cent the gross earnings in
this State OF all telegraph, telephone express gas and
Are life marine and other insurance companies. Duly
verified returns be made 10 the State Board OF As
SCISSORS, created by the railroad taxation act and
proper supervision is to maintained. The companies
taxed are those who actually benefited by the State
franchise which their charters give them The system of
corporation taxation for State purposes proposed by
the committee is now complete, and as between the
Albeit and there is no question of
the superiority the latter. The members who advO-
the Albeit bill have pledged themselves to assist IN
passing the committee bills, and II they could obtain
days release from their service to the Governor they
might keep their word. They did this afternoon, so
far as TO permit the committees bill to be taken up on
second reading. Mr. Cole who leads the Albeit forces
IN the House with the assistance OF Mr. Pra in spite OF
the argument proceeded to emascuate the measure so
far as ne could with limited knowledge Of the subject
The tenor of the amendments he offered was to make
the bill conform to the Albeit measure and
the result Is incOngruous The matter remains IN the
hands OF the Senate for adjustment and TO the friends
Cf railroad taxation viii look for such amendment as 10
make elective enactment on the basis OF the commit
tees bill The Democrats OF the Assembly express deal
OF polite satisfaction for the aid they received from the
few Republicans who have Joined Governor Abbetps
body guard. The Governors Ol VIII IIODaoIy come up
for final action tomorrow, provided there Is ul aten-
OF members lt will probably pass the latest ndl-
cations pointing To the tact that tue larger anu more N
huental corporations have serious fear OF It's effects
should it become law, while they are willing TO see
temporary end put to the agitation DJ tne adoption OF
measure which peases loud advocates for reform, while
IL does not harm those who are 10 be reformed.
The Senate this afternoon adjourned until Monday
evening II passed bills spprOprating $500 to the Rail
road Commissioner; requiring bonds from members OF
detective associations; providing tnat Judges need not
notice all offences in grand jury chargesi empowering
Trenton authorize the erection OF electric light wires,
etc The House passed bills for the protection OF storage
and warehouse Keepers 10 withdraw the annual appro-
priation the sinking fund. This latter measure IN
view OF the condition Of the Fund present. said to be
open to serious objection