New-York tribune., 1901-11-04
.rnT-CTNG THE STATE TAN.
,~oP ODELLS PLANS FOR RE-
--ryI<G THE PEOPLE OF
nJRTCT LENIES.

xov. tspecaD.-Governor odell is re-
AlbsHs' :. lookfng about for additional sources
yuted u fr rbe state from indirect taxes.
q re'eN--.-t,izirg the States accounts to dis
sci d s.o5s Of economizing in the adninistra ton
-oFeF H.a-+n1ents The Governor. it is said de-
q re - toward the abolition Of direct State
si-ss 70 -, II he does not accomplish II. the
,sEan.,s, -s,rr wear Beyond question there viii be
sapl9S 7-1-tian Of the present State tax rate
sSss he Obstacles 70 the cancellation utterly
ore q o.. s+a-a taxation the coming year is the
q ihe mount yearly Of the receipts from the IN
rs-9i"s go which makes it unsafe 10 rely wholly
e-eci % % g. ne support Of the State government
80 -. --srsfer tax usually known as the IN
Tas +ax~ mas varied from Sl9i.6l2 "a in 1893
het;ss,, . IN reoa Yet the State Controller had
= tnsSa.ed - be within the bounds of safety,
5nF - vr7vld Weld 100000 Nor did he in
tssi - - rrrdent 70 estimate that the tax Would
.s -, ,-t -@s-al year ended October !, 1901, more
raso0a Il actually TO every one surprise
ts'-.-o11ar-s office yielded S.os4.6oo 81 But
= -,7+iI the latter part OF the fiscal year
sfs -araints from the inheritance tax
= U - IN and therefore Controller knight
81 lI-.s.es - *o- the fiscal year ending October l.
80 = Informed the members OF the finance
.....s n the two houses OF the legislature
-, -h,s tax amounting only TO 81 10000
-s'i -. NAV be justified for no one can tell
3 = =, t-5a-i-arce tax will reach more than
=" .s ma aHaa4irt Certainly the average
re bs expected from this tax. judging by
snoo'1 4-or1 it for about ten years, is only
sb9ut 2eeaee Fe@i'S'
s1-RPIUs IN STATE TREASURY
., estimated surplus in the State treas
-o,,r * 3aoela hut since IL is the result OF
I'd y |,--a,7lv large amount OF receipts from the
81 - -. ssxes and the inheritance taxes Gov
e'lp ~ oser has been advised that 1t may NOT oe
- noucv 10 take advantage OF every dolar OF II
sOV =, .be direct State tax 10 a nominal sum
L t,.- = altogether for the coming hscal year
q +ba succeeding legislature and the executive
= ..s stare in 1878 might be compelled TO TeiIn-
=. 7;-ect state taxes OF raise the tax rate Inc
n.uocratic party when last n conuo' u '..e
-. -r-7eut adopted the policy Of an art'-
80 Low State tax rate. but the voters were flot
.z a1--s ~ r. and Senator Cantor. who was chair
of the Senate Finance Committee az the time
1,,ssr+Iv said y DO not believe ana never
-, be1jeved in State tax rates founded on d ~
- ~ er1ptving the State treasury ana ues'IO -'I7
= = I-,s fo- xo,. have 10 put Up the tax rSa1c
= s,ccaesing years and thus pay for your Hi!'
= T-n6oubtedly this policy Of depriVing me
.s. --e.s,rv Of nearly all surplus funds ana esi-
- .,,a -e,,ei--s from the indirect taxes al lhe
s4-h.st rossibIe amount was forced upon Sellatoi
r.-,c- Nv the leaders Of the Democratic PaI.H'
,s ~ therefore was not responsible 1ot tile HE
nke 80 - c.o,-sr,or
al n
,-s,sarv. the taxation OF trust companies orNs!is
eoS c. 81 and that CT savings banks glFlhs
,x-q7o ~ total Of 8, ,loi 49, Il. In 1863 II hau
~, as-ir,sted that the tax on corporations anu
-, ,,,o- their organization would bring III WINE
= s,ool ,-ss- ending October !, 1901 was IN prog
s 60 -es f1A Actually the on corporations L
=. --rs- eon1na1lies tax and the tax on savings
~. ba i,cluded with the organization TAX
.-,o,r-es n & 2sa5g7 65 thus exceeding the esu
- t -be large sum of s. 7e05S7 So Adding this
s5 10 the s2es4 ees - received from LIE ~
s.,.,,,o +-x in excess OF the estimated amount
:, ,ba rronable receipts from that source one
- he origin Of s4Sf5l44 - Of the surplus IN the
Stale treasury ..i,,
One Ct Governor Odells new lndirett "a
-, ,iu -ot mt auy rn6ney in the State Treasury
r lime next although that will pc IN lLls ~ ns1I Ia
wear The tax referred TO Is that lnlposeu "a 49,
sr-s,,e e,-,,r,sres l. has been estimated tLI<1s
-his -ax law will bring TO the state eI'pyy go
Trs-oIIa- Knight clearly included IL IN ttle 80
mats he submitted 10 the iesls!atuIt - - f-oTo
&c "a The States probable income thls !<aL o,-.
T-sct sources for he places the eXpecleI t+to,1
- ~ ~ on corporations and the oEganiZd non
z - a. The Controller apparently u. NJ
make any estimate as TO the pIopt'1e - ~ not
a isu rssSsd taxing manufacturers NIS NS
s-rjov a. rar cent Of their capltal N lAls 1S
nsnl1fa ctl-rer's license fee WILL pt W. % -,
- srd rhe regular annual tax Oh nc ,aoo
fscurers on January Is. lsl2 ne eeisI' + os an
MI ms rrnlahy be able make some sott y. a.
,s.i-rs-H 10 the probable receipts from llls td
PE7-EST-F FROM INDIRECT TAXES
v.a legislature Of 1902 will at least have the
,,out5ga rba1 for the fiscal year ended October =
,an The indirect taxes put the following sums III
the State Treasury