New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-03-23
PLATTS HAND IN 1T.
rR1-r INWARDNESs OF A BILL RELATIVE 10
GrARANTORS AND sCRETIEs. WHICH HAS
DEEM PUSHED THROUGH At ALBANY.

rpr.r Ivv,pDSFsS OF BILL RELATIVE TO
GvARANroRs AND sCRETIEs WHICH HAS
BEEN RUSHED THROUGH AT ALBANY
Albany March 22-There was rushed through '"e
Senate and the Assembly this week with suspicious
haste a bill Senate bill No. 32O when aheideh
the act relative to guarantors and sureties II Is
now in the Governors hands, and Thomas &
Platt's influence IS being eXerted TO the u'o'' ~
secure Mr. Morton's approval
Some of the members who opposed the Dill TOOK
the ground that it was an unjust discrimination
against domestic corporations DONG sn,eT ,h n'S
ness in the State of NewY0rk. and insisted that II
be brought back from the Executive Chamber Tor
amendment II returned TO the senate, WIFE,
a hs ant sh"ad nSt apply to state which did not
give the same right TO any similar MH,ts n waa
n surprise TO some OF the members OF the senate
that the bill had been returned Dut me; pI Hi
the Assembly on the same day. ana the same uIy
it was passed by, the Assembly ana was '"e" GENT
The History of this measure and the purpose Of
it deserve more than passing notice j., Which 'n a
Mr. Warfeld is president. This company IS anthor-
lied to carry on fidelity and surety business ~
every kind and description OF property; oo.n iea,
and personal to act as dra nes bu.Iness and to
receive bonds and vauabes Tor cnstoly anu 1T
keeping 1t is therefore trust COMPANY, iIpost
company with power to conduct various classes i OF
business which are prohbtGG D WXor,d has sue
ceeded in Interesting a Network CITY trust ton-
pany in his behalf through Thomas G. fIatl, Wiiose
attorney is Albert B. Boardman, ana mas tanr,l
stems in case the bill becomes a law 10 tStaoSsh
an agency and do all kinds of business Wh'cH 'he
state OF Maryland permits TO be done. nit. -
Mr. Warfeld on the bona OF ,MI. "a. az
receiver of the New York and New -t,nfIaili Iodu
10 the amount of 10000 or &00Op Mr.. fiatt y
very anxious 10 repay his kindness, out cquaIy ut-
sirous of having his lawyers transact uhS Ut's
ness OF the company. The passage OF the DltI az
the instgation OF Mr. p.att presents ms cnaracUr
in n new light. and shows how interestei ne u as
a New-York citizen in NewNork industries am e ~
porations 1t Is nothing 10 him whether anoIhti
state gives reciprocal advantages or WHt'h.r ~
docs not SO long his end Is carried one o, tle
onnoncnts OF the bill insists that, Wnllr Ne"
York recognizes the fact OF THIS country pc
ing one country and holds that us poncy
should be as Il has been always. 10 eA'cui
10 anv sister state for rs corporations any
privileges which such State might give IN return
10 New York State corporations. yet since a. -
we'll known Maryland refuses this. common justice
demands that New-York shall give no such ad'ah-
tages as proposed by this bill. IL - h"Id ny SOM
eminent LAWYERS that the bill in Itself - unconst'nI
tional There IT, IL is said. no instance on T'.y'u
OF privileges being given to corporatl"nS 81 other
States when reciprocal privileges are ''"rl -
frank II Piatt, a son OF Thomas {. flatt' hp-
neareI before Governor Morton today ana ask
Rim 10 sign TIC bill Commodore = \'iler; one 81
Thomas G Platt's lieutcnans, also appeared h1IoIe
mo C,overnor in behalf Of the bill. Next Nednes-
dav II is announced. Elihu Root, as counseI Tor
%ew-York companies VIII appear IN opposition 10
the bill