New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-12-25
STATE OFFICERS ANXIOUS.
FEARS THAT CONGRESS MAY DEPRIVE NEW
YORK OF A LARGE INCOME.

A FEDERAL TAX on LEGAC1Es WOULD oPpEESS
NEw-YoRKEEs. WHO ARE NOW TAXED
FOR THEM By THE STATE-PfNN-
sYLyAxIA ALSO THREATENED.
,vaoM TIE REGULAR CoRREsrDSpESr OF The l'iD'NI'
Albany. Dec 24-Ordinarily the state oncerS VI
New-York look with indifference upon ''ie p''0
,nss of Congress or indeed upon anything pot-
,oa, ,,bcb ,s taking place in Washington. but Tue
,resent year is an exception to this rule. in TWO
WAYS the action of President Cleveland anu Oh t
Democratic Congress may harm the people Vi ne
state. namely: The passage OF the wilson 'ai"i
Sm, 80, furtber weaken manufacturing industries
o,readv In a dangerous state Of collapse anu tue
massage of the proposed legacy tax la" may oe-
prye this State OF a royal income "iAoh - INV
enjoys from its own legacy tax law
Governor Flower a candidate 10Y re-e'e0'toi
cannot but look with apprehension upon the poh'-
leo, resnlt Of passing the tariff bill when there are
tons Of thousands of people out of work IN New
York BROOKLYN. Troy Cohoes, Amsterdam Lh'"e
Falls Utica. Syracuse, Rochester ana huiid' y"
ing to the closing of manufacturing es'aoiisn''''
through fear of hostile tariff legislation lheic i
intense suffering in all the cities ana Vih"s''
named: and great as II is II ui'd'o"' ~ ~ "
greater if the Wilson bill is passed
The proposed Federal legacy tax mis- ue minus
t tho financial officers of the State with the rear
that the State Inheritance Tax La" VIII oe "",'
gated. or at least Will ne maze 80 o"''''9 ~ "
he,ne app|ed to estates by both the United states
and the State of Nex-York that the latter VIII De
. comnel,ed 10 abandon it's law ON The subject. IL
would be no inconsderabe amount that the S'd'e
of New-York would thus surrender yearly 10 'ne
United States Government; for in the course vi 'i
fiscal year ending September 80 1888 the lhher"-
ance Tax Law put into the state treasury ''0
large sum of SS,016Sl o.
II WAS a Democratic Senator. David T. HILL VINO
first called the attention Of Congress TO inc sun
ject Of taxing egacies and introduced Dill i''iioS
ing such tax Mr.. HIS suggestion mas o'e'.
followed up by John G. Carlisle the secretarE r ol
the Treasury Department who IN ms reT 1rscies
port to Congress, recommends tax ulVih r ,9Smin
istration thus seconds Mr. Hills idea and 1t Is 70
be presumed will aid him in pressing ms pliI III
ate in the House Of Representatives: Senator HIN
proposes to tax estates of above SoVv III Naue
nroperty but are not to be taxed on real property;
brothers and sisters to be taxed per cent on
s sSfn per cent on ali kinds grand
parents per cent on all kinds OF prole nr9ne T
PERSONAL and real II is we'll to contrast this pro
posed law with the existing ,n issaes tax ~ Of per
cent upon the direct heirs of persona proptaN ~
Value of more than $500. Corporations which re-
sSs sf pd 5Ss ia S Sf ao
TO pay tax of per cent upon ing bra I re
iigious corporation ..o, ,,o double legacy tax
propO %si b Ss Senator Hill @ Federal Gui
be highly onerous one, ana that lhs,e Mouu oa
great danger that p@Sc Sn ona h one Of the
legacy taxation laws would be repeaed i" any
would be overcome surely by the General GSvern
ment: and the State law would be repSSii1 ana
The states Of NewY9rk and ax ~Gn
laws shoSa be snPsrsed bed by since tnisd from It's
Juh
1883 500 7st Gs isss "a Il
lss. - az 1896 $50 IS s 1s s ~ ssss i
1885 G es go q ,Ss g
1t will thus perceived that Pennsylvania OF late
years has been receivns an aveTase OF S'c1 ~ Do
pass its legacy tax law until iss5. and the law did
nUs Ppt under Way It prouced astonishing results
Below is the record of the money poured into the
State Treasury: ..-o
1887 1sss ::::: ss 1 ia q 1871
ls 1855 5sS Ss 3 1888 1888 5cs5sa %
The taxpayers of New-York State would most
Sersea from their own State Treasur into that Of
the United States This sum keeps down n , ,he
State tax rate The presen me 1 those md
rect taxes brought the following sums into the
State Treasury:
co oT lSs s 81 81 g
BANKERS g. S6i Il
Total 50 lol 7ci p
The direct State taxes the last year amounted 70
SQ4lS192 oS 1t is thus apparent that one thru OF
the States taxes paid by the receipts from me
indirect taxation laws If the $30fl,es' W derivei
from the legacy tax should be lost to the state
through the passage of United States legacy law
the loss would have to be made good by the iTpo-
sition of direct State taxes; an experience which
would not be enjoyed by the taxpayers OF the
State.
Controller Campbell estimates that the Inherit.
ance Tax Law OF this State he coming year VIII
bring into tho State Treasury the sum of $,JJcvtl
100000 than the present year. Ilis VIII
be the largest sum ever obtained by any State
from this tax. 1t would seem 10 be most inoppor-
tune moment for the Democratic Congress and
President pass law which may deprive the
acf ,ch