New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-01-10
THE CONTROLLERS REPORT
INTERESTING RECOMMENDATIONS RE-
LATINO TO INDIRECT TAXATION
NEW MEANS OF RAISING MONEY TO SUP
PORT THE STATE GovERNMENT-CoR-
PoRATIoNs SHOULD PAY.


IBY TELEGRAPH TO THE TR1BUNEl
Albany Jan. 9-William J. Morgan. the State
Controller. in his annual report. which pub
lished to-day. makes the highly interesting recon-
mendation that all the money for the support of
the State government should be raised by indirect
taxation thus aholishng direct taxation: secondly.
that the tax upon the organization of corporations
be greatly lowered following the example of New
Jersey, and, thirdly, that the State should go
forward with the work of canal Improvement by
finishing the work of improvement undertaken wit
100000 In 1895.
Mr.. Morgan's recommendations will be read with
much interest not only by the taxpayers of the
State, but also by the members of the Joint Com
mttee Taxation engaged in Analysing the
taxation laws of the State with view to their
amendment. and by the members of the Canal
Advisory Commission. who have been at work for
six months laboring to learn whether it would be
wise for the State to persist in the policy of i'm
proving its canal
MR.. MORGAN'S SUGGESTIONS.
Briefly enumerated, Controller Morgans recon-
mendations for legislation as follows:
The elimination of direct tax on real and per-
sonal estate, because real estate bears an ex-
tremely unfair proportion of the burden and the
eminent by indirect tax. as is done in Pennsyl-
vania and New.Jersey -, , 80 ,a
sufficient sum to pay state expenses during me
necessity of borrowing money at high rates OF IN
terest.
The elimination from the supply DIS OF items
except such deficiencies occur through oversight
The taxation Of capital invested, employed or
held in this State to prevent corporations
from escaping State tax by alleging that their
capital is invested, but not employed.
The prevention of corporations from escaping d.
rect taxation locally on personal property, through
the payment of a small indirect tax to the State.
Providing that every Incorporated company, re-
CARELESS of the business engaged IN, except quasi
public corporations, such transmission compa-
their authorized capital, the tax to increase
dividends increase.
The reduction of the organization tax in this
State to encourage companies to organize
here, instead of in other States.
The enactment of amendment TO the corpora
ton laws that will be less onerous than the present
liability of directors of corporations,
without permitting wrecking or swindling.
Compelling religious and charitable institutions to
pay the inheritance tax on requests the same
widows and children.
The completion of the nne-foot improvement to
the canal the installing of hydraulic locks and the
introduction of electricity for propulsion
be furnished State and sold for transmission
A defining the class of persons to be cared
for in each the several State charitable institu
tons so that committing magistrates will not be
allowed to their own discretion which at pres
ent is exercised the detrimen of the institutions
A statute authorizing prompt legal transfer of in
formatories and from the latter to State prison,
TO maintain discipline.
a thorough examination under law by State
department of each County Treasurer's accounts,
to prevent the frequent defalcations taking
place