New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-05-27
PRICE THREE CENTS.
FRANCHISE ACT SIGNED.
AMENDED BILL TO TAX CORPORATIONS
BECOMES A LAW.
GOVERNOR SATISFIED WITH LEGALITY OF
ITS PRovIsIoNs-DoNNELL DEMO
CRATIC ISSUE" CHECKED.

ITS ROvIsIONS-DONNELLY' DEMO-
CRATIC ISSUE" CHECKED.
Albany, May 26 (SpeciaD.-Governor Roose-
welt signed at noon to-day the Franchise Tax
act passed by the Legislature at its special ses-
sion.
Half an hour previously he had informed
the newspaper correspondents OF his decision
Immediately to sign the act He stated that II
had been very carefully examined by Charles l.
Lincoln, his legal adviser. who had reported to
him that It's legal form was absolutely correct.
He expected however that before the act should
go into effect on october / next there would be
a thousand rumors floating about the State Of
flaws discovered in the enactment. 1t was his
intention to have the measures which may be
taken by the State Tax Commissioners to carry
out the law most deliberately adopted. This
time for spectacular performance or
fireworks" The execution Of the law should
be calm act and wise act. He intended to
have the State Tax Commissioners. who were
to apprase the value Of franchises. hold frequent
conferences with william ]. Morgan. the State
Controller. and with the members OF the Senate
and Assembly committees just appointed to take
testimony regarding the taxation laws Of the
State and revise them. At these conferences.
which he hoped to attend himself. the enforce
ment Of the new Franchise Tax law would be
considered
In concluding his talk about the Franchise
Tax act the Governor expressed the opinion
that the new bill would disappoint both Its enc
mics and les friends II would not be an instru-
ment employed to oppress the corporations, and
yet II would compel them TO pay just share
OF the taxes Of the community. There would
undoubtedly be great difficulties encountered In
formulating a uniform plan for valuing the
franchises OF the corporations. but he was con-
fdent that all these difficulties would be over.
come
SIGNING EXTRA SESSION BILLS.
1t was 1902 D. m. when the Governor. In the
presence OF Assemblyman Mazet and several
other members Of the Legislature who hap
pened accidentally to be in the Executive Cham
ber, signed the Franchise Tax act. He also
signed at the same time the other measures
passed by the Legislature at its special session.
Chapter 712 of the Laws Of 1899 Is the Fran
chise Tax act and then follow Chapter 713.
which approprates $4,000 to pay the expenses
Of the State Tax Commissioners Chapter ia.
which appropriates $4,000 to pay the States
share of the expenses attending the celebration
Of the Homecoming OF Admiral Dewey; Chapter
T15 relieving the capital fund of the Prison
Fund from the provisions OF the Finance Fund
requiring the proceeds of the sale Of articles
owned by the State to be turned into the State
Treasury. and Chapter 716, making an appro-
priation OF $4,000 to pay the expenses Of the
Legislature at it's special session.
The Governor announced that he had decided
not to sign the bill OF Assemblyman Doughty
TO suppress the nuisances at Barren Island. He
did so he said, because he thought the authori-
ties of New-York City ought to have longer
period 10 obtain some other place than Barren
Island for the disposal Of dead animals ana
garbage He would now give warning. how
ever, that New-york City must find some way
OF ending the Barren Island nusances BEFORE
the next Legislature meets. as he should IN the
most emphatic manner call the attention OF the
Legislature to the matter.
He also expressed doubt that he would sgn
the bill to shorten the hours Of the drug clerks
although they have his entire sympathy. JACOB
Riis has reported to him that majority OF the
drug clerks favor the bill, and only minority
oppose It,
DEMOCRATS LOSE AN ISSUE"
The Governor announced early this afternoon
that he had signed seventy eight additionai acts
passed by the Legislature The chief OF these
bills was Senator Donnelly's bill intended 10
supuress trusts. Some eminent lawyers nave
declared that the act is worthless. and tnat .he
fact that the trusts did not oppose II wnen tne
measure was before the Legislature was PROOF
OF that fact. The first section OF the Dill says
Every contract agreement arrangemen, Or
bnatIon whereby a monopoly In the manu,ac,tuie
production or sale In this State OF any arucls o.
eommCdy of of ro%moh use or Whereby Competition
in this State in the supply or prce ,,yss os a or
prevented or whereby for the purpose OF creating.
Establishing or maintaining monopoly within tnis
state rce OF t1e o eommody the free pursuit in this
State of any lawful business. trade or occupatison
clared to be against public policy. illegal and void
OTHER TERMS OF DONNELLY's BILL.
It is made a misdemeanor for the officer Of
corporation to enter into any trust agreement.
and the Attorney General is authorized to bring
an action against the offending person or per-
sons to restrain them from consummating any
trust agreement. The Attorney General has to
follow the following course
Whenever the Attorney General has detsrmine,d ned
chapter, he may present to any Justice OF the su-
under s ehspe m IN
ing for order directing the persons mentioned IN
shs cUn2 eS
der and answer such questions as may De pu, 70
d6sm or 80 and BOOKS ooncernns
contract arrangement. agreement or conpinatioi
in violation OF this chapter: and i shall be tho
duty OF the Justice OF the Supreme Court 20 wnom
sncb anncation for the order is made 70 grant
such application The Application for sSch sw 9rdsr
mon re Information and belief, that the fes'i.
mony OF such person persons Is material snes
necessary The provisions Of Article OF Title . or
Thanter . of the Code OF Civil Procedure. relating
TO the application for order for the exsminston
~ uritnesses before the commencement or an ac-
lion and the method Of proceeding on such ersmi
shall not apply except as herein prescIipeu
TAU sder sha be granted by the Justice OF the
supreme Court whom the appSaCn hss ss etsg
nauss m L. annear 10 such Justice to be proper ana
ssnedient and shall specify the time when ana
paee ch Examination shall be held either In the
sity Of Albany in the judicial dstrles N oe,ca
tns usbin this State OF the corporation snecsea
ocatsn ,. ,,on from time time and witnesses must