New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-05-15
, vonv uv rpw,,v WEDNESDAY, Iso,-sIxTEEN PAGES


provided in Chapter is5 being a supplement 10 the
insurance act That the expenses OF chIiaal,s unt
that law.
nder lhis act the business Wa shs sit
and in 1881 with $1,000 In 1891 the insurance Du..,
ness ofChe State Department had become 50 great
ioT the mansgemSni OF The the brsihess. on April T.
iSsl' the Insurance Department was orsh r ana
Another act chapter iii daws Of sss' being
S to the bs ad Sr the evynr
Collecting. and caring for fees for hing the an nnds
c;heTWse provided for and require, the COM ON"
future corporations The second section OF lbs act
provided that the expenses incurTel ID SdrrFh h
Secretary OF the state from moneys collected under
this act. the act TO which this IS supplement- or
1t has been minated that the Jaw already pro
rec'ors and for the hling of the cerneaeS nTt
otherwise provided for. and created hs new w MOI,
Of O fe HSa i apparent that W
provides whether necessarily or unnecsss'ty Gao, dos
ioT ns the lists Of oceTs AMI all eercaes
for which provision had not yet ben aT dtS
and publication OF list Of all eorp,rtI'ons n,h
sa fe ~ annual ana dsD s for he Done & the
provided that the expenses incurred IN '1i mr.
section Of the act, should be paid by the secretary
or state from moneys collected under not only ms
ment and other supplements there,o'-the enilre
system OF corporate legislation. 1t was but IA.
annd uner b lnal ac should BE- proper cnarEe
against the receipts under the org'h'' 'o'
This provision made it possible for ne Secrei ,h
time. attention and LAHORE that prompt ana de-,
lberate treatment OF persons Hemahnlii's ,sd me
Ncw-Jersey law and It's administration so popui'r'
and the business 50 profitable 10 the a., ads
qaate iiea Of the Immense volume OF the cor,
rora,ion work in the Office OF the, Secretary OF
stat 5a nun6 sy Of S Secafe and reports MED dur
ing the year 1894 exceeded 300 anu une Ss Ga ist
received and answered ii tnss c,n api The
Assistant Secretary OF State is engaged eN''uSN'
ly upon corporation work . 4, cha work that
has been done under the restrictive f,atutrs o. u
OF 1879, even If the SECRETARY ol -, ms,
ness has been made the warrant for the grant 10y
the LEGISLATURE Of increased r,lonal c.erical
assistance TO the Attorney General ne NV ION
s sgsem has nowhere Been greater the De
partment Of State. ana nowneIe mas pro'h e,n per
formed and the charges made by the secre ,
are for moneys actually expended upon t'"'"'''
Of coTporon work From IN aSe u.s. to he
years during which the supplement hrrsJ arainst
these increased receipts. for the addilonai woiH
incident TO the ncrea sed duties OF linsS' he
preparation and compiling OF me arg 'S ras,i"n
three annual lists was Nl.o2 1t Is bey9nd inr nor
Ion act was rendered and It is certain tina, me IN
crease of corporation business em possbie under
the prompt and effective mahncr . III ~ stat
Al Of the business was SN'Ts 10 , nx"d his sSiarv
the extra work involved are but very s'""" P'o'
p2 Tt ,h oi annunt charged believe that all
covered by the spirit OF the sw ana h s n" M was
mo by 81 an re earnest effective and profitable
administration Of the system as II existed ,...
with the concurrence OF every State officer who had
any ofiical knowledge Of or contact win lnrn
been made for variance Of the pTnfg ay whsn
for twenty-five years except that mentioned IN re-
gard to Controller Anderson. ,., g,
have consulted counsel Of character and position
three gentlemen Of the highest standing al the bar
10 me In writing Is that on the three several di's-
lions raised was fully jssiaed IN INA, have
not only followed long established precedent b,
, VIM ny ny reanremens Of law. a. believed ana
am now advised by eminent legal talent . -.
the financial officers Of the state. and that my -
ports were always matters Of public r'eori' 'pe"
owsye when a%ri%s the lss' session s N the
paw the amount collected during the current fiscal
year into the State Treasury al once on request
OF the committee. ] replied in the anrmaflNe. DIV
the committee has RETAINED from making even
request. =,
| was further asked by yourself believe. Mr.
Chairman II in my judgment some better system
OF collecting and dishursing public moneys could
not be devised My reply was that ! thought II
would be reasonable and practicable to require that
10 be paid into the State Treasury monthly.
In pursuance OF This View. and In Difference 20
what / believe TO be an entirely just public senti
rnsnt but without recedlng In any way from my
position that there IL legal requirement to DO
either monthly or quarterly. have paid into the
state Treasury the entire balance In my hands. col
tod on heb OF
TO the first day OF the present month and have
determined to do so hereafter monthly.