The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-01-25
= New York Letter, =


Trust Forms to Avoid Taxes
The Incorporation of the Pennsylvania
Trust company at Trenton, n. J., lately
marked another move in the projected
removal OF great amounts of capital from
the state of New York in order to avoid
what is regarded as the excessive tax of
90 per cent on all funds held by incor-
porated concerns in this state.
The Pennsylvania Trust company is
formed on lines similar to those of the
New Jersey and New York Trust COM
pany, organized in New Jersey last week
The Few company has capital Of $f00,-
600. 1t is said that all the large insur-
ance companies are reaching out for New
Jersey connections in order to get their
surplus funds out of this state. Many of
them have secured control Of trust COM
panies in New Jersey and are depositing
their funds with them. Funds deposited
in New Jersey are not subject to in
vestigation by public officials of other
states.
Edison Patents Endangered
Several million dollars and the right Of
Inventor Thomas A Edison to dispose Of
his valuable patent privileges pertaining
to the monograph, as we'll as the priyi-
Iege of dealing in the talking instruments
appliances and supplies, are involved in
the litigation now pending in the inter-
ests of the New York Photograph COM
pany in the state courts.
The litigation goes back a dozen years
when Jesse II. Lippincott, a promoter,
purchased from Edison all his patents
covering the photograph. The contract
specified that he should have a similar
option upon all future improvements upon
the instrument and it's relative appli-
| ances and supplies. Mr.. Lippincott sold
his rights in full to the North American
| Photograph company. Then the North
American company. having the monopoly
of the photographic field, set about dis
posing OF territorial privileges to vari-
| Gus local companies in all parts Of the
| country.
Annual Charity Bali
The charity ball in aid Of the Nursery
and Childs' hospital takes place On Jan.
1 80 at the Waldorf Astoria, and from pres
| ent indications promises to be a very
| brilliant affair. A number of debutantes
will be present.
Actors Home Benefit
| Richard Mansfield at the Herald Square
theater this week scored a great achieve
| ment. He gave a benefit for the Actors
home and took in 1888 This is the big
! gest sum ever realized in this country by
an INDIVIDUAL DSn6HI. 1H6r6 nave Deen
! larger receipts at entertainments when
many celebrated players have contrib
uted to the programme, but never when
only one star and his company constitut-
ed the attraction.
Democratic Love Feast-
In an effort to bring together the fac
tons of the Brooklyn Democratic club.
which was organized by Edward nj. Shep-
ard and which was split on the question
Of his Endorsement when he Tan for may
or last fall, Herman A. Metz, the presi-
dent, is making arrangements for a DEM
Ccratic love feast in the shape of a din
ner to be held in the Germania club No.
120 Schermerhorn street, Brooklyn, on
| Feb. Is. This dinner is ostensibly 20 cele-
brate the birthday of Samuel j. TIlden.
~Raines Hotels Must Co
At a conference of a committee Of the
Reform club recently there was a decis-
ion in favor of legislation permitting the
sale Of liquors in restaurants in the city
en- Sundays, and in favor of a special
election TO be held next spring to decide
Sunday afternoons and evenings. And
that expectation expressed that this
would eliminate the notorious Raines law
hotels.
A Unique Check
There was deposited with the Seaboard
National bank on Monday draft on an
other bank Endorsed as follows: Please
pay to John Doe personally $50 Do not
pay same to nobody else but him. John