New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-05-09
TAXATION OF STOCK COMPANIES.

DISCUSSING NIX. LANSiNDS Dill -
PRoPRIAIIoN.
frpo, . REGULAR CORRESPONDENT OF THE TRBUNEl
Atn.xy MAY S-The Senate spent nearly the who.e
session today discussing Mr.. Lansing bill to amend
the laws for the taxation Of corporations ana JOINT
stock companies that the tax shall be connhe1 10
the capital used in this slate The Court OF Appeals
has decided that the law now stands all the cap
a of corporations doing business IN this state shall De
taxed here whether it is all employed here OF mol Inc
main discussion the provision authorizing the
Controller to settle judgments obtained against corpora
tons under the law as II exists Progress was re-
ported on the bill in order to get the views oil the Al
torney g neral and Controller on this provision
Mr.. Daggetts bill authorizing the Commissioners Of
the Sinking Fund of Brooklyn to distribute the funds
set aside to charitable institutions in that city accord
; N the number of inmates of each institution
con sidered Mr. Daggett said that the bill was APP
nroyed by Mayor Low and by all the city officials OF
brooklyn. Mir. Jacobs opPosea ~ ana said inst ne
proposed once in while TO exercise hs own judgment
on measures brought here affecting his constituents
and not TO swallow without scrutiny every dose pre-
pared for him by occupying other official positions
II might suit Senators to follow the dictation OF
Mayor this or Mayor that but not him. Inc senate Dy
vote OF IL TO struck out the irst section ana on
motion OF Mr. Daggett the bill was then " progressed.
In the Senate Mr. Dagget moved to disagree with the
report and order the bill TO third reading ana on
that motion he called the yeas and nays. Inc mouoh
was carried; yeas. Ii nays, 10 -
The Finance Committee reported the amended Capt.
tol Appropriation bill agreed upon IN the Republican
caucus IL creates board OF advisory commissioners
consisting of the Governor, President OF the Senate
Sneaker OF the Assembly and Attorney Com
missoper Perry retains his position as SUPERINTENDENT
OF the construction of the building and can only be
removed by the Senate oil the recommendation OF the
Governor The bill provides that political test shall
be applied to any person seeking employment on the
Capito and no removal shall DO made except for in
competency neglect of duty or oheDsve partisan
ship he amount appropriated is s5OO,OO0. hr.
Jacobs said that he and his associates OF the minority
did not approve the principle of advisory commission
but they wished TO have an appropriation and they
wished il to be larger than the named ID the DILL
They would waive their objection 10 the other features
of the bill, and he moved that II be made special
order for Monday evening. No one objectng the mo-
| ton was carried. ,
| MIR Thomas fiom the Railroad Committee, reported
for printing the bill introduced by him month ago
modifying the charter of the Broadway Underground
Railroad 1t is quite different bill from that which
passed the last Legislature by large majority and
was vetoed by Governor Cleveland after the ADJOURN
ment The present bill avoids most OF the objections
that were urged by Broadway property owners last
year as it provides only for the excavation OF the
street to the curbstOnes leaving out the underground
sidewalks II provides Tor four track road OF the
usual width two Of them to DO used for fast trains and
two for way trains The fast trains propose TO run
from the Battery Harlem River In twenty minutes
or less and the way trains at more rapid speed than
| the elevated roads.