New-York tribune., 1901-10-12
MONEY SAVED TO STATE.
,.pcE REVENUE UNDER NEW
ADMINISTRATION.
,,pEcT TAXATION LIKELY TO BE
ABOLISHED UNDER ODELL'S
MONETARY PLANS.

,u,rv Oct Il SpeciaD.-Governor Odell may
S,a n submit TO the voters of the State at
Ills in 1902 the statement that all direct
ms ,oxation with the exception OF tax of
email fraction of a mill for the annual
@sn- of the canal debt which cannot be
P1.,a,,ated. has been abolished. Results from
sD ., tsxation this year amounted to little
senO0O0O The State tax rate was the
wv W., N the history of the State since 1854.
o.lculations at this time that the direct
-, ,ax will be practically abolished Eext year
-. 5ue 10 the unofficial statement made to-
-, which is well founded, that there was on
o.,ober / the beginning Of the States fiscal
surplus in the State Treasury amount
ing 10 ss.G1uI
'D Tne treasury q year ago at the same time
Ia surplus Of about $4.oooeo0. This sum
-.s nartiallv used in reducing the States tax
...e Governor Odell also reduced the cost of
maintaining the State government. and upon his
-.orrnendation the legislature passed indirect
.oxotion bills taxing insurance companies. saw
,.us hanks and trust companies. These new
,n5ract taxes Will put between S4oe0oO0 and
sso,oOOO YEARLY into the State Treasury A
,orton If that income from them was con-
sas,sd in making the State tax rate of this
year.
One gratifying effect Of the surplus of 5000
eoOis that the State will not have 20 borrow any
money 10 pay lis bills until the taxes are paid.
Heretofore between October ] and February
the State has been compelled 10 borrow large
sums of money to pay its running expenses dur
ing these four months Five years ago Con-
troller Roberts in his annual report declared
that the State could save money If IL could Sc
c,re surplus TO carry it over this period, since
Il would not have 10 pay interest on borrowed
money. but the State Controller has not been
able 10 carry out this economical policy until
this year.
Governor Odell also il is we'll known ever
since the adjournment of the legislature, has
been hard at work TO abolish direct State taxa
ton That was one of the objects Of his tour
Of the State institutions. He had thought that
possibly they could be maintained at less cost.
or at least that the cost OF constructing new
buildings for them could be greatly lessened.
The Senators and Assemblymen who accom-
panied the Governor are said to believe that
Mr.. Odell thinks OF reducing the cost OF main
tanning the State institutions and decreasing
their building operations TO such an extent as
to save between S1,OO0O0O and S2,O00OO0, The
State is supporting over twenty-three thousand
Insane persons and there are seven thousand
inmates Of other charitable institutions The
buildings Of the charitable institutions. in the
Governors opinion, il is known, have been con-
strueted in too expensive a manner.
Mr odel has had a good many talks with
State Architect Helms this subject of re-
ducng the cost OF CONSTRUCTING the buildings.
Il should be stated that Mr.. Helms only
sumed Office while Theodore Roosevelt was
Governor. and therefore is not responsible for
the costly scale upon which many of the State
fus haz-a
Il is believed that at least 100000 can be saved
In the construction OF buildings for the charita-
bic Institutions. and at least 100000 in main
tenance.
Governor Odel also made tour Of the canals.
with the aim OF learning precisely their condi-
tion He thus viii be able to save money in this
direc+ion