New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-01-18
6e Neto$'8IIN e'pqegey

permanent and useful character stands in place Of
ceived by the public which fully COMPENSATE s e them
FOR the disbursements. But one of the largest
nsa Of to IL s hs
purposes This sum has increased from about 300
1885 The amount now annually disbursed repre-;
sents more than II per cent OF the States total
and has grown rapidly. as to suggest the inquiry
whether there cannot be devised some means OF
the bounty OF the State II may we'll be that
many Of the inmates OF our Institutions are now
supported at public expense who are not rightly
entitled to receive the help Of the State
REDUCTION OF TAXATION.
There is little likelihood of further demands for
large extraordinary expenditures IN the Immediate
omy be pracced and Of the ncoms received by the
state shows no apprecable falling on. the state
assume proportions which viii be far larger than
the needs OF the State require. It's existence VIII
unwise expenditure The funds should be main
tanned at such an amount as prudence and due
cess thereof should be wisely disposed q in re.
S !" hs a OF
further distribution should be made requires very
can S SOns rad m
might be returned TO the different municipalities
taxes assessed against property therein located.
This method is open to the very serious objec-
in amount and vary from year TO year. do also
the amounts required for legitimate objects Of ex;
it, funds might seriously hamper the State and
prevent II from meeting just and pressing de;
bring about the local relief which those favoring
It believe would come from It's adoption Il is a
in municipalities are usually limited by the amounts
sybec, g their disposal and s i within the ., range
pose OF moneys thus returned without a corre-
spending re ID of tax rate ,Ssr,
ing circumstances. II any action is taken by the
dyeed sue nos be Hd annual
but one varying according TO the condition OF the
Appropriations could be made for objects for the
support OF which the people OF the state are now
annually raised for the support Of public schools
could be reduced or some means might be devised
expenses of the various counties Tor the support
OF their courts could in part be betrayed
THE STATE PREPARATORY AT RAILWAY.
AS constituting OF the objects for which ex-
traordinary expenditure may be needed. ! wish TO
the State Reformatory at Railway. From time to
time there have been appropriated and expended
their account various sums. aggregating $lsoWO.
Work these buildings is now and has been prac-
ica for more e than , year at o stana F, m ed
stands either monument to the folly with
the ask 81 saod shown
pushing the work TO completion. There may be
for honest difference or opinion as 10 the
wisdom Of finishing the buildings In accordance
with the extensive plans originally authorized. The
sum estimated TO be necessary FOR this purpose Is
warranted in accomplishing the objects OF re-
bSns There which + o Sons Ur
Increased accommoda tons must be provided either
here or S me nRn
Notwithstanding the recent addition to the number
Importance that We should begin at the earliest
possible moment system Of prison treatment IT
the reformation of criminals Motives Of humanity
and selfish interest alike prompt this undertaking
determine whether the work shall be completed as
originally desgnsd or Whether the present plans
OF less sum Of money without interfering WIN
the method 81 o bss. OF Se not
tended to impute reckless extravagance IN tne
ones.y has every The
buildings models In simplicity or design, ana
ns5s Il an ans for OF xpendture hope
that the Legislature viii give earnest attenuSn 70
NAV be served and the Inauguration OF great and
beneficial work no longer delayed
'Af REGULATION OF CORPORATIONS.
There is another subject to which reference can
be made ff TIM n fSI at a Gae
are greatly interested refer to the great and In
esed by CORPORATIONS who render public services for
pay. Ample proof Of this value Is to be found IN
increase
securities and stocks issued by them. This increase
in value Is due TO many causes Among nose ma.
OF our cities. the diminished cost OF constructing
and extending quasi public works. ana inventions
cost Of operation Corporations which supply pub,
lie necessities in this State have been capitalized
property and vastly. in excess Of what i would
cost to reconstruct them. II Is admitted that me
Of these corporations in the way Of better service
and lower rates but this benefit Il Is asserted Is
less than Il might have been II obligations had not
been unnecessarily incurred 10 pay interest on bonds
issued to the estimated value Of me fran
10 paw large dividends II is asserted their stock.
but rather find reasons from tine to time 10, for
widely distributed among small investors and
thereby such transactions are rendered more Sc,
reasons why past proceedings of this kind cannot
be undone IT Is all the more important that they
We all fully realize the importance Of dealing
with this matter in CONSERVATIVE s dn The I .s
curity which It gives to the capital invested there;
in These obligations. however. which are issued
properly represent capital, II that value Is based
upon receipts from has led 10 much
I'm wise and Injurious legislation on this subject In
other States We should prom Gsvs by some iust and
effective remedy. IL be needed In some OF the
states maximum rates have been arbitrarily hxed
nv statute but this IL a crude method in our tudg-
nent Of dealing with the problem and often un.
fair in its application TO the ainerlng 81 o 0
Mace may be unreasonable in another. In other
states Commissions have been authorized by law
~ Az rates after a semi judicial investigation OF
conditions In each particular case. Experience has
shown however that il is difrcnlt TO conhne SUCH
legislation and proceedings within rational bounds
In several instances rates thus fixed have been so
strained 10 enjoin their enforcement, IN order 70
prevent confscatlon. Such legislation draws into
our courts questions that are not properly or
judicial character and IL would be unfortunate. IN
deed II this State should be compelled TO enact
laws OF the kind referred 10 In order TO And
remedy for the alleged evil II legisatio Is 10 be
enacted IL should be only after full nvestgation
into ALI OF the facts and should be free from the
obtectiona bile features which have mentioned
THE sPANIsH-AMERICAN WAR.
Events which have been most notable in the
history OF our country have transpired since the
Legislatures Asst convened. A war has been waged
and brought 10 an honorable and successful close
1Applause) Victories land and sea. the most
sniendid In the history OF the world. have been
won Our brave soldiers and sailors knew not A