The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1897-01-26

ITN EF4fS5t Il FH<HfffE
fpa s he { . necessity ana recommend
pared by h Commission as part Of their
work to be introduced later.
Dill was introduced IN the House by
Fielder Hg Hrnaaf apg fah5 gnr George E ~ 2.
Amos r. Dease and John T.. Garwood as
managers Of the proposed home, to hold
off1ce for five years with power to select
| Gals. al oAi-
Probably one of the most important
bllis 50 far upon the list of bills IS House
Leonard Of Hudson county 1t is an inno-
cent looking bill, full of technical express
sions which mean considerable. 1t catches
up the suggestions made by General
port to the Equal Taxation Commission.
where he advises that the State should
return to a collection of one-tenth of one
per cent. from all the miscellaneous COR
porations. irrespective of any classifica-
ton. Thu law was modified, so Gener
Rushing avs, In the interest of the CT
porations. He argues that his reeo
mendations would merely increase the
come from his source, and would sup
the deficiency that would be caused J.
the State yielding part of its railroad
taxes to the municipalities
Assemblyman Leonard takes up the
suggestion and Incorporates it into a bill,
but instead of letting the State lave the
benefit of the revenue, it goes to the city
= - "a oAi1\C NJ
the trusts n corporations. This Office
in most Instances is in Jersey City.
It is figured out that under the Leonard
bill the on corporations would more
than double and that would mean that
half of the $739, IT'S received from this
source would go to Jersey City. The cor
porations hat would be affected by the
bill nave a capital stock Of s739, 17s, 1870, on
which they pay a tax of $239, 0S7.17. Under
the Leonard bill they will have to pay
1888, lis. The difference will be about $500, :
nm rthfn6E will on RI tho rftfnc rrhnpa fha
offices are.
J. Frank Fort, Frank Bergen and j. D.
Bedle, the New Jersey Commissioners IN
Uniformity of Legislation throughout the
United States, made a report to the Sen
ate submitting a draft of a bill relating
to negotiable instruments which had been
agreed upon by q committee appointed
from about t~wenty-seven States, who met
in conference at Saratoga last summer.
The bill submitted is based to a consider
Instruments act passed in 1882 and now in
force In every English speaking country
except this. The bill does not change in
any material respect the law in this State
of our courts. 1t, however, does codify
the existing laws, and the passage of the
bill is recommended on the presumption
that It will be passed by the other States,
and that its passage by the Legislature
of this State will give exact uniformity
on the subject of commercial instruments
III all ll6 0tdIeS. 1ue DDI SuDiulllGQ d
originally drafted by John J. Crawford
of New York, who has made a special
study of law relating to commercial
paper. The copy of the bill presented to
the Legislature was first submitted to
M. D. Chalmers, now in India, who pre-
pared the British act of 1882. The present
bill met with Mr.. Chalmers approval.
significant bill, is as follows
Be it enacted by the Senate and Gen
eral Assembly of the State of New Jer-
L. That the amendment to the fourth
section Of IAN act to provide for the inn
position of State taxes upon certain cor
approved April is, 1884, as enacted by an
act entitled. IAN act to amend Chapter
100, Of the Laws of 1884, be and the
the amount which, after the approval of
this act, shall be collected by the State
from all corporations named or referred
according to the provisions thereof, over
or in excess of the amount which is now
collected from them, under said amend
municipality in which said corporations
are or shall reside, and that such pay
ment shall relieve said corporations from
local assessment for intangible assets.
2. All acts and parts Of acts, general,
special or local, inconsistent with the pro-
visions of this act, be and the same are
public act and take effect Immediately.
Among the corporations affected by the
bill are the following
The American Sugar Refining Company
has a capital stock of $73, 1886. 900, paying
now q tax to New Jersey of s7,44s.S so. I'm
der the proposed law the tax would be
s73, 1886. The difference of s66, 400 would go
into the Jersey City treasury.
The United States Cordage Company
has a capital stock Of s33, $50, 800, paying a
tax now of $5,44 81, but may have to pay
$Ss. $50. The difference Of s8,5o3 goes into
the treasury of Jersey City.
This, however, is but a trif1le, for the
United States Leather Company pays
now on Is capital stock Of $124, 4S3, 600 the
law would have to pay s124, 4ss.6 60. The
difference of STA, sos. a would enrich the
depleted treasury of Jersey City.
Oyerman Tobacco Company, capitalized
from ss,241.75 to $2s,s35, Newark being the
beneficiary.
The National Lead Company, capital
u.s., sos 80 a9e soa present Ssssarn tax, s5;2ao47; possible
United States Rubber Company, capital
$39, 33S, 500; present tax, SIS, 76; possible tax,
s39. 1888. so; difference of $33, 622. so to New
Brunswick.
The Cotton Oil Company. capital, $780,
069. y00i present tax, IS, 253. 50; possible tax,
$50, 069; difference to Union Township.
The North American Company, capt.
tax, $40, 600; difference to Newark.
Consolidated Traction Company, capital,
Sis, 900. GOO; present tax, $4,000, possible
tax, $IJ,UUu, u1IIorenc6 TO Jersey City.
The Twin City Rapid TRANSIT Company,
capital, SIG, 145, 200; present tax, $4,557. IS;
future tax, sic, Jas. 20; difference to Eliza
beth.
H. B. Clafin & Co., under this new
law, would contribute $500 to Jersey City.
The Typewriter Trust, SIS, $50 to Jersey
City, and the Lake Superior Consolidated
Iron Mine. $4,000 to Newark.
The Senate bill providing that the JUS
tice of the Supreme Court can sit alone
in the Oyer and Terminer to try murder
cases was passed after being amended
by the House Judiciary Committee, so
that the County Judges of Essex and
Hudson could sit alone, too. The haste
in passing this bill was in order thai
the law might be taken advantage Of in
the coming murder trials in Hudson and
Essex.
In the Senate Mr.. Skirm presented the
report of the Soldiers Home Commission,
the same as was laid before the House.
Senator voorhees, presented the report of
the Commission on Uniform Legisla-
tion,'' which was appointed three years
ago. The Commission met last year at
Detroit. and all States were represented
except ten. They prepared a bill on Ne
gotiable Instruments" which was acted
on by the subcommittee and which will
be introduced this winter in New Jersey,
Pennsylvania, New York, Connecticut,
Massachusetts and fother States, and
which is regarded superior to a like act
now in vogue in Great Britain and her
colonies. In this act there is brought to-
- ~ oil tha vorio11c looiuiopc r,1r, eao+