New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-03-11
HODCMAN'S
MACKINTOSHES
Stand Any Climate.
uuoanwAC ~ West 23d ST..
To- rr.nd ~. Adj, Fifth Ave. Hotel.



lated interest thereon shall be exemp. from the tax hNea
bv hi. section Tho term insurance corporation as hseu
in thi. article shall include oil persons ana partnerships
doing an insurance business In this sac.
The bill makes careful and searching provisions TOT
minute reports by corporations concerning ther con-
dillon II makes the following remarkable require
ments
Every corporation. association or ,ont's'ocK copa"!
except foreign banker. or insurance co7PoIaV'o" ' "
nav tax under this article other than the tax rpoh us
shall make annual written repo'' OF i's
condition a the close business on October 81 pre-
cedng tn the Controller before November To- s's
I. The amount u IT'S authorized cspta A'oe"'
.. The number OF shares Issued
g. Par value Of each share.
4. The amount paid In OF each snare
e. Tho total amount Of capital stock paid In.
G. The value o. rs STOCK on the oIs' osy o' w.
tooer end the basis OF valuation
= Amount Of capital on which dividends are decsreu
4. Amount. date and rate OF each dividend during tho
year.
O. Gross earnings during the year.
TO- Ne, earnings during the year.
H. Amount Of surplus. including sinking fund
IL Highest price for sales OF stock between the io'n
and 3l.t OF October. .
the year
IT, Average price Of sales o: stock during the year.
49, The amour, of bonds Issued and outstanding
49, The number OF bonds issued
IL The par value Of each BOND.
Is Rate Of interest thereon.
49, Market value Of outstanding bonds on the 3lst day
Of October and the basis Of valuation
90 Highest price Of sales Of bonds between inc i'h
and 3lst Of October -
ol Highest and lowest prices o! sales Oh oohos euS
the
o. Average price Of sacs Of bonds during the year
oS. An tented statement o! Oil DINER hsO'I''es VI
tho corporation.
"a. 4 statement OF what inc properly Vi '''o ''''
consists. g..
25 statement the total voiue Of the property OF '"e
corporation and the basis OF valuation
90 statement of the value OF the property o, she
corporation located or eNipioyeo "iu"h ''e "~'' ~ WV
basis OF valuation. =,
o. statement Of the value Of the property Of tn
located or employed without the safe ana INC
basis OF valuation
The bill contains powers for the Controller OF great
importance lie Is TO ascertain the property en-
ployed within the state by every eo'po'"" " wv
following manner
H., x,,u cs,,ma,e the total market Of the stock
and bond. Of the cooperation, ana the actual value Of w"
nroperiy thereof employed without the s''c. fo" ''c
estimated total market value OF the sof@ anu oohu '"''
h. deducted the estimated actual value OF the property o
tho o,poraon employed without tho state ard the amount
remaining NAV be deemed the property OF The copoa'o'
employed WITHIN the state II the Controller j. "hao.
To estimate the market value Of the stock ana oou "
sucb corporation or in his judgment the rta infNc'
,,luo nj, the stock and bonds docs not fairly repre- cent
the actual value OF the property OF the 'orl"r''' "
shall directly estimate the actual vaiuc oi inc P'o's "
the corporation and the amount ueeoi emPiol'" ".'
the State The Controller shall c'tnac the value oil '
oods ~ rho coruoation aud compute what proportion ~
tho total estimated value the property 81 me cop''o
* tho estimated value Of the boi.ds thereof
Tho bill makes the following Interesting exemption
from taxation
The personal property OF every copoatioh' eomp''!
or association partnership private o. indi'duai p'""r
taxable under article other than for an ofeahao'
.ax shall be exempt assessment and TAXATION on t
posOu0 property for state purposes ana ID" P''o"'
property OF corporation. company OF a,'cciauoh V"h-
franchise under section ISL Of THIS chhpe' '"'''
he exempt from snent and taxation for all purposes
whatsoeyc Except provided In this srue" the STOCK
and bonds Of such corporation. company or o-'oo''oh
more than onc.half OF capital Of which l. employed
within tho state shall b. exempt ION assessment anu
taxat,oo Such Compilations shall III other respect
he relieved from assessment and taxation by cason OF
such provisions.