New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-02-13
AFTER PONDS
SHAVING. EXTRACT.
Any bleeding will be stopped, sore
ness irritation and redness disappear,
and skin be sOftened.
.vo1D sURsTITITEs, GENUINE MADE ONLY
nv PONDS EXTRACT CO., 10 FIFTH AVENUE
NEW.YORK.
TAXATION BILLS AT ALBAN1
IMPORTANT MEASURES INTRODUCED IN TIE
ASSEMBLY,.

IMPORTANT MEASURES INTRODUCED IN Tie
ASSEMBLY,.
THE BUSINESS OF FOREIGN CORPORATIONS AND
THE INDEBTEDNESS OF DOMESTIC CORPORA
RATIoNs AMONG TILE OBJECTS
TO DE- TAXED.
FROM THE REGULAR coRREsfoNDEST OF The 1hiDVNI'i
Albany. Feb 1o.-Still moro important nA"''"n
measures were introduced to-day, at the rcduc'' VI
Controller Campbell. Mention has already been ih''o
in The Tribune Of the report made by the Coh'h.veo
on Taxation Of the Assembly this week. vi 'n''
Kcccrs bill taxing the direct heirs OF real estate
which II is estimated will put 100000 yearly INTO
tho state treasury Controller Campbclrs bills which
were introduced by Speaker Bush and by George H.
Bush the Democratic leader In the Assembly, po'oo
for the taxation Of the indebtedness OF corpo""9'
the surplns of express companies and Ike corpora
items, and the business transactions OF bankers
sneaker Bushs bill levics the following tax:
section g. Every corporation, jolntstock company or
.ociaou whatever now hereafter incorporated organ
cd or formed by pursuant to law In this STATE OF III
ANY other STATE country and doing business III 's
state. except only savings banks ana Etut"t"'' ~
savings life issuance companies banks foreign insurance
companies and turing mining corporations en-
o,g.d wholly In carrying manufacture or mining ores
Within this state and agricultural and HORTICULTURAL cor
poations associations which exception however snail
not Include gas companies trust companies electric or
steam heating lighting power companies shall b. aoe
20 and shall ply tax tax upon It's FRANCHISE or pS''
ness into the state treasury annually to BE- c0nputT rs
follows The TO be computed and lie at The a'e OF o'
onc.af mills upon each dollar OF The >aua,oh oil inc
said capital stock Of every such corporito Ioh1-'"
company or association made Ia accordance with The pro-
visions the first section Of this oct 70 be setu'a anu
determined by the Controller
The first section Of the bill referred TO makes the
following provisions for asccranlng the vihauoh Vi
the capital stock Of the corporations referred TO:
Section J. Hereafter 10 shall be the duty Ot the prcsi-
dent or treasurer Of every corporation Joint stock company
or liable H. taxed its Corporate franchise
or business rs provided Section u this act, TO make
report writing to the Controller, annually on or before
che 18th OF November stating specifically the omoun1
OF aptal paid In tho date amount and rate per ccntlm
Il every dividend made declared by their "-
Iectve coIporotoS Joint stock computes or associations
during The ending with the hr~t Of said month IN
all cases also aud to h. onneX d 10 such report. Tho
president secretary thereof. after being duv sworn
or affirmed do and perform the snmc with fidelity, ac.
coring tho best q their knowledge and belief. shall.
between 1t and 18th DAYS Of November In each year,
and a9pnse tho caphi stock u their respective
corporations Jnt stock comPne. o. associations at ther
value each nOt lcss however, than the average
Price which said sold FOR during said year and When
shall been truly estimated aud appraised
shall forthwith forward the Controller certificate
thereof accompanied by their Gd oath Affirmation. by
them sign a. attos.ed by the other per-
on qualified 9, administer he provided that II he
Controller satisfied with the valuation mode add
returned. he hereby authorized and empowered to make
valuation thereof aud 10 settle account upon the Naua
mad by him FOR the penalties snd Interest
due the STATE thereon and any corporation. Joint stock
company. association dissatisfied with the account
settled may within ten day. appeal thercrom a boor
consisting % tr Secretary Of STATE. Attorney General and
state TREASURED which board such appeal shall affirm
settled By Controller aud he
decision OF nd board shall b. final but such appeal shall
not s,ay proceedings unless the full amount OF tn taS's
Lcall. AMI interest due said account settled bv
c Conirolcr. BE- deposited with tc STATE Treasurer
The above bill passed by the Assembly OF 1901,
but failed 10 pas, the senate owing 20 the deadlock
,pcakcr Bush for three years has endeavoroi 70 pass
ID. and now makes final attempt.
Asecmblyman George H. Bush introduced an equally
important bill taxing the corporation, and private
banks OF other states dong business In TIN, state
the bushes, done in this state. The bill says:
Every COOPERATION. compan', lont--cck company.
association oganlycd. foru,d created under Dur.
-uant to tn laws o any other country and any
association. partnership Individual. private banker
tn member, Il which arr. o. who shall be- In whole
part. non.rdent- Of tlls STATE and which corporation,
company, jolnstock company. a-sSltlon. Partnership
private Individual banker. receives deposits. loans
moa"y. sells bin. OF exchange issues letters ot crdlt
ia other manner shall be Engaged IN business
tank banker IA ts State, and tile officers managers
ag,nt, partner. principals u such corporations
JJnt-stvcs 'onlhUf' ae-eatiouS partnerships.
private individual lnnkcrs. shall annually Or before
the ms; day u February zach yror pay the Con.
,rDcr State tax -, his their business
done IN this stat, at the Iate pr ccntum hereinafter
.pocinod III average u s sums Of mon y received
deposit. and 81 al Of money received by any
such corporation. comp1ny, association jointstock
company, partnership, private or indiI dull bank
ia connection with ~
such business. or used employed In such business dur
Ing the ending the pccdlnr 3s day Of December
and FOR Ia NJ IA I'M
computed herein prt ided Such average sa be-
certained by Computing 'st the daily average for each
MONTH Of the moneys received deposit: Of moneys
outstanding upon loans, auI Of all other received
used employed In connection With IT, their business
done this State, by such corporation, company Joint
stock company association patncrship private indI.
v!dIa banker and (second by DIVIDING the OF
such monthly averages by twelve. by the number
Of months. loss than twelve. for which such corporation.
corpa1y Joint stock company, association partnership
private individual banker shall during the year prc,ed
such 9lst day Of December have been engaged IN tho
business OF banking In this State.