The sun., 1891-01-21
TIE STATE KzNANCEs.
TAs Forrest Freserve-The Debt DeereasiHs
Facts About Personal Property.

TAs Forrest Freserve-The Debt Deereasing
-Faets About Personal Properly.
Ono Of the most interesting portions Of the
annual report Of Comptroller Wsmple, which
was transmitted to the LeGslature at Albany
yesterday. is that relating to tho State lands
and forestry. 1t appears that In 1885 whom
the Forest Commission was Instituted the
State owned 685.259 acres Since then the sale
OF lands for arrears Of taxes haa increased the
area until on Jan. 1. 1890. the acreage Of State
lands In the forest preserve was reported to be
7s9.s41.14 acres to which 100 acres have since
boon added through the foreclosure Of loan
commissioners MORTGAGE.
The acreage has been diminished since then.
through redsmptions. 6.38S. SO acres; through
cancellations OF tax sales, 1,l3l.06 acres; /;
through sales Of lands authorized and re-
ouired By law. .82o.95 acres: total 6,SA1.89
acres; thus making the present total holdlngs
Tho last. sale Of lands for taxes closed on Dec.
ssles BY a large attendance and spirited bid
precia,,e the value OF the Adirondack and other the
The State Was. able to bid 10 a very small area
only a fact that is Interesting 70 those who
rhes The hs snss hs
surplus in the State Treasury is IS. 1856 6O2.7 N.
es essns bs Nona %SFf sa rs As Z
made M from corporation taxes. collateral In:
herltsnes, taxes, the taI fer orueanizstion i st
Soldiers and sailors Home, and from lapsed
S.;I Il s sd g tn; i s,: 4: ssss;
ssT due due Aas s and Rsm5s on Z: +:
rea n @ by W the Boar CIV
e f. sG;sssi ssss z? ssSs .as ssS' 'ss
rnd .rs ed or the nss sSDr annuss Of hs %sc
STATE debt was. uron Sept; so, 1890. sis4i 80.
o. Sus n andins S q the debt crsa;sd Tor @ psynsns q
the Niagara, Reservation awards IN 1885. and
o nS rate ssn n q ;aSh s'Ss Se BAL
tober. 1898, and which has beep reduced during
iation Of State stock to the amount Of sl.7io.-
The net deb. .. St the close of the ls'tswo fiscal
s;s.s: ::ssss'ss = s;:ss!s:s
Ne. deb. ............. ssissss4ss G.s77ss7sI
The net debt OF the State or that not provided
o or sHe cent .he % ssass Ssastien
isl0. is sis5es. .s77. .sa ~" ''>. " o''" '''
Complaint ls MADE because under tho pres
ent laws corporations evRde tho tax levied on
dividends BY creating large surplus on which
no tax Is paid.
The tax Of one-eiehth Of psr cent. ON the
capital Of compentes organizing in the state
produced during the last fiscal year 1920. us. "a.
representing a capital Of Sl76.575,952. The
same tax Tor tho previous fiscal year amounted
to S19S.9S234, showing an increase OF $21.-
1890.
The report shows that the assessed valuation
OF the property OF the people in this State for
Burposes Of .aHatien for the year M M 1ssS 49, was
The assessed valuation OF the same for tho
year 1890 was: Personal. $3s532s.l3l: real.
1925. .323.931.
The total assessed valuation OF the personal
property within the State for the year 1870 was
$i34,2S0,2!s. showing q decrease in twenty
years OF S4S.95ll47
It Is estimated that over 50. 500 O0O. 900 OF
personal property within the State escapes
taxation. ibis leads Mr.. Wemple to say:
lam strongly convinced that all revenues for the sup
port OF the State Government should be raised from
special sa1es upon the capital and business Of corpo
rations corporate securities And intsresta collateral
iuheritances and testamentary bequests. and other
species of wealth without resort to any direct tax
upon real estate for such purpose.