New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-04-19
BILLS BEFORE THE LEGISLATURE.
OF THE BROADWAY MEASURE


THE ASSEMBLY LIKELY TO PASS THE BILL-oIIlER
LEGISLATION
FROM THE REGULAR CORRESPONDENT OF TIfR TRIBUNE
ALBANY April 1S.-Shall the charter of the
Broadway Surface Railway Company be annuled
That question the Senate answered IN the amrmatVe
ten DAYS ago Assembly will give It's reply on ies
day The session OF the Assembly this week therefore
promises with interest than any other
held tails year.
Interest in the LEGISLATURE "a whole may also be
said 10 eliminate this week. Undoubtedly the bills re-
gariing the Broadway Surface Railway Company arc
tho ling measures OF the legislature When the As
sembymcn left Albany on Friday there vas no lndlca'
of any earnest opposition To the bill Inc general
feeling xpressed By Mr. Mccarthy ofsyracu-r,wheh
ne sad II vote should be taken now on the DIS
doubt II ten would vote against them' STILL there
was some apprehension that opposition 10 the bills might
be created before Tuesday. A leading member ~ the
Judiciary Committee. who is friendly to the measure,
sud: cannot discern any opposition to these DIS
that amounts to anything and yet feel an uniercur-
rent against them. WHAT IL will amount TO Do not
know. The feeling may be all Imagination on my part,
and yet don't think II is shall feel more cohlente1
when those bl Is ordered 70 third reading Mr.
Westfa one OF the ablest lawyers in the Assem1lyls
opposed 70 bills He expressed hts dissent from the
favorable report made upon all OF them by the JUN
ciary Com rnttec. Nh Connolly ~ Kings County u.s.
sened from the favorable report made on one OF IAs
bills
The Assembly will consider on the order OF thru reai'
inc carly in the week one OF Senator we'd
der's tax bills These measures, II they all become
laws will AID large yearly TO the State revenues
When state Assessor a years ago senator Neiier
studied hard the taxation laws He has PIT his know
ledge 10 eli ctve By drawing up DIS % cre'e Nc"
currents OF revenue the state one Ot me DIS i"0
auced by him. tina taxing collateral inherlt1nce' y nov
law ard promises to bring IN large su % tn' treas
ury He has also two other bills OF importance
~. nj fay nm tain
the other taxe. sale OF liquor He has also nitro
duced bill provide FOR the assessment or taxes Oh
certain kind, OF railroad property
Its the bil taxing by brokers that now In the
order third ling IN the Assem- ,y II has Attracted
little attention. although all Wall Street VIII De inter
ested in 1t II becomes law IL passed me senate
with comprauvely llttlc de3lt" AMI mas nal tle saAe
Tor Assembly. The scope OF the act can only
be by giving the hrst section;
SECTION Every banker. broker or person dealing in
me ,t1cds bonds OF corporations. or N crude OF re-
nued petroleum, or IN cOtto, pork. gram. Hour Tea
coffee specs. or drugs, VINO shall hereafter hesouMe
c.s srie on red dollars shall at the time of CON
trac ing Tor such sale deliver 10 the purchaser OIL oi
lie IN writing stating the NATURE quantity ana price ~
,hs ar SECURITIES sod an me gross sn1unt Of
the o. G. and nayng affixed thereto an adhesive stamp
ton provld Ich mp or stamps
ing 10 not oneftetn Of one per cent upon
the gross Of sucn sale; provide. thtt hothhz
stocks, bonds or securities. actual delivery OF
wnicn in certificates, spec Ned Dy dste ana nun.
IA adj. within day there fer nor 10 the sale ot
"a -
which sufficient for identification tucreo, l. Contained
IN p OF delivered Gu the day OF sale, wheh oeiF
cry OF bill OF sale conveys pOs,csson or the Shl oi
possession oi the specific property or merchandise SOLD
The bill says that the stamp shall be cancelled ait"r
nse The penalty violating the act Is to bea hne OK
not less than $3.50 nor 5000 The sxtn sec
ton OF the act Is also Of interest,"
No sale or cOnr agreement FOR the SALE OF any
properly securities meno ed IN the nrst section o
Tins ac requiring sucn stamp shtli Do vA..d OF ca,
forceabe At law Or IN equity unless me pm o. So
thereof shall he made aud tue stamps axed Iheietoahd
cancelled as IN thus act provided
The bill taxing sales OF liquor. which was ordered 10
third reading by the Friday, provides that
after Jnly l. 1885, there snsl DO levied and collected
Tax upon eyery hotel, restaurant saloon. BAR store,
shot budiug boat barge, booth or other place IN OF AZ
which liquors containing ale DhOl arc sold 10 De drank
Oh the Or misses o. "Otnerwi.e s0ld or distributed AZ
beverages ia less measure than one quart TO any one
q time
h.. tax u a graded one. In New-York BROOKLYN and
Buffalo license for nrstgrdde license IS 10 Os e3yv
second rade 800, third grade 300. fourth grad ~
other ces OF the state the tax Is TO ne 81 ~
10 In villages tho tax IS 10 De sou 80 'h
SO The pill excmpts from taxation all places tnsI se
ale and bottles, where tae liquor 10 not rank on
Minute directions given lOrtne pay
men OF the tax doubtless for the Information OF Aduor
1.al