The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-04-17
INHERITANCE TAX BILL.
THE SCHEME ron a GRADUATED
TAX ADVANCED IN THE SENATE.

out the scheme for II graduated inheritance tax,
90 recommends in Comptroller Roberts's annual
report, was advanced to a third reading In the
Senate to-day, and the prospects now are that 1t
will be passed. It. has already passed tho AS
sembly. 1t provides:
where personal estate Is subJcctt TO n transfer tax Of
D per cent, and the value OF such estate exceeds
$500, 900. an additional tax shall he imposed on the
entire personal estate 10 taxable. at the accommodating
rate OF 1 per cent. for each additional $500 or
major fraction thereof, except that II the entire estate
exceeds SO, 900, 900, II shall only be subject TO taxa
ton at tho aggregate rate OF 10 per cent. Where per
sonal estate Is subject to n transfer tax of l per cent,
as prescribed in this section. and tho value Of such
estate exceeds 81 900. 900, an additional tax shall be
imposed on the entire personal estate so taxable at
the accommodating rate Of oue.half OF l per cent. Tor
each additional s250,Oo or major fraction thereof
up TO o.. 800. 900. and 1 per cent. on the entire per
eonaI estate for each additional S25O.OOO or major
fraction thereof above o.. 800, ooG; except that II the
entire estate exceed $4,000, 900. It shall only be sub
ject TO taxation under this section at tho aggregate
rate of 10 per cent.
When the hill was taken up, Senator Cantor
moved to strike out the e~nacting clause. He
declared that tho bill was in line with the gen.
eral policy OF the up-country members to throw
the burden OF all taxation upon the cities. New
York and Brooklyn paid rs per cent. of the
taxes now.
senator ltNON Suppottch II I'M, ohu SNhhoNo
Cantor. In replying. referred to him as the Pop.
ocratic Senator from Nyack." This tilt between
the rival trust hunters made the other Senators
smile. Senator Cantor declared that the bill
under discussion was in line with the declara.
lions of the Chicago platform and was a piece OF
Organism pure and simple.
Senator wray OF Brooklyn also opposed the
bill. He said that even II the principle were
right, the exemption of estates below 100000
- .-. .l- L. No. IL,
Senator Guy of New York, one of the bright
particular stars of Bryanism and q leader in the
Purroy movement to nominate Henry George
for Mayor OF the Greater New York, spoke In
favor of the bill.
1t is pretty late in the day, he said, ITO at
has BEEN sng p aceepied This is not a
tax on thrift. When a mans property, gets up
than saving and frugality. Moreover. the tax
does not fall upon the person who accumulates
SSlying any particular tSsn FL, Thrift !H On his d gar tin CON.
estate in this State is out OF all proportion to its
relative value. Personal property cannot be
be reached somehow. and this is an intelligent
measure calculated. to accomplish that end. 1t
antitrust legislation that can be enacted or pro
posed"
tive on the motion to strike out tho enacting
clause, and the bill was progressed without OBJ
Nearly a hundred bills were advanced to third
reading. including, Mr.; Austin's, to extend the
term q the Beard Bear of Electrical Control Ito to S SfM;
are now on the order Of final passage. and the
Senate will hold an extra session Tomorrow to
morrow. the purpose being to create an add
tional legislative day. so that bills already
than they otherwise could.
The Assembly passed a bill to-day to encour-
II provides:
1t shall be lawful for any person. or persons. or cor.
pora.ien, employing: or desiring to employ; Il iaposers
ers or employees. or with labor unions or trade assem.
unions. trade assemblies. or other organization or Ia.
borers may agree upon the one hand to furnish steady
the other hand, may Contract not to employ any other
peT ,rods than assan sSIs as 81 are s ms snrs,,ss Of s The 6i inS9 sss a1,Sn
The Assembly passed Mr.. T. p. Sullivan's bill
requiring any persons or association doing bust
and Buffalo to fIo bonds with County Clerks for
the Il 70 ss rsngs fq of de e .doo 10 T s1eo s 1SS aco OF SGns
MI. sullivan said the bill was intended to
reach Italian bankers in the large cities. with q
view OF preventing them from absconding with
people OF SeW York and Brooklyn had lost over
sa;t eH bssHeer snr snd It W.! was ail Impossible 81 for rf fse BE- Bis:
triet Attorney to move under the present pro
The bill was attacked by several rural men,
beers. but was passed-gyes. 81; noes. 2.
Inc Assembly passed Lnese Oils:
Mr.. Gravess. providing that the afidavit of an agent
Of a fraternal insurance company that q premium no:
tee has been mailed shall be p~resumptive evidence of
Mr. sshereT,s, giving to persons having spent three
In a medical college reduced one year. as is accorded
TO those who are college graduates.
Of forsiSn Wills as evidence N State s& cou 4ssn"''A'0h
Nj. Murray's. authorizing Brooklyn to set apart and
Mr.. schmid's. empowering Brooklyn to spend $1,000
to repaye Power street, between Bushwick avenue
and Catharine street.
of Boscobel place. near the easterly end OF the Wash.
ington Bridge. in the Twenty. fourth ward Of New
N. sSIsrIs: &nthori.ins Brooklyn to s.pend $500
Mr. Wilson's. providing for the construction of two
high schools In the borough OF Brooklyn. at a cost of
and yestrymen OF st, iufe.s Church. in the city Of
New York. from a portion OF an assessment for open.
ting Convent avenue. from looth street 10 st. Nicholas
against the late town Of FlatIands.
clinton int; pIa asw IL New G YORK eisy from fSs az Grand sd's so Jerome Ss
MI. Il. J. Andrews's. legaliz,ng the action of James
P. Davenport, Judge OF the Thirteenth civil District
c sS,s. on mn s Ssw YEPs si sSd One On iiR aPsrprsisr two attend
sa M5i s ,seS 9Sl the %PsT osrd on Ed nn taipPffS TOP tss Bloo Of
iyn borough. to be available after Jan. ] next. for new
school sites and additions 70 school buildings.
yi sni P sSas Employees s . ssa III be "f paid During Raz asw w sy RISt
hours and not during meal time.
Inc iOuoWlnB DllLs were introduced In tho
Senate to-day:
Senator Notwithstanding the New York City
Board OF Estimate and Apportionment. by a unani-
mous vote Of the members OF the Board, TO make
an additional appropriation of 9 5000 for expenses
attending the celebration Of the dedication of the
Grant Monument
Senator Guy-Appropriating $4,000 to enable the
New York City Department OF Parks to establish Q
garden In that part OF Van Cortlandt Park lying be-
tween the old Van Cortlandt mansion and Van Cort-
landt lane.
Senator wray-Proyiding that court interpreters in
the First and Second Judicialhistricts appointed from
the civil service eligible lists. shall 10 residents OF the
district for which they are appointed.
Senator Mullin-Appropriating 81, $50, 900 to com.
plete tbs state Capitol building by contract under the
Works George w. Aldridge. Only $500. Op0 OF this
amount Is maCie available Immediately, nm . re-.
manning e4bO.oO0 is not to be available I'M az I.
1898.
He Urges Gov. Hack 10 Promote the Passage
or the Parshaii Hill.
ALBANY, April 16.-Ex-Mayor Hewitt has sent