Waterbury evening Democrat., 1903-03-16
IMPORTANT REPORTS,
Insurance. Labor and Taxation in New
 York.

YOrk.
 ALBANY, N. r., March 16.-At the close of the year, according to the re- port of State Superintendent of Insur- ance Hendricks, to go to the senate to- night, the fire, fire marine and marine insurance companies doing business in this state were possessed of $361 ,398,
 Oil of admitted assets, not including assets held abroad nor premium notes of mutual companies, an increase of | S20 ,393, 19S as compared with 1901. The liabilities of these companies, excepting scrip and capital, were $1S1 ,955, ,126, an | increase of $13, ,04S, ,211 over the return of the preceding year. The income was $232, ,497, and the disbursements | were $1S7, ,493, ,520 an increase as com pared with 1901 of $46,798, ,O65 in in- come and an increase of SIG, ,765 ,35O in companies reporting in 1902 was 165, being one less than 1901.
 The fire premiums received were SS1 ,154, ,605.57, fire losses paid S15, ,134,-
 746.92, fire losses incurred $14, ,74S, S32.33, showing an apparent net excess of fire premiums received over fire loss es incurred of $16,4O5, ,77324.
 The superintendent urges the passage of the two bills now before the legisla- ture to compel the Lloyd insurance companies doing business in this state to use the standard form of policy and to compel them to make an annual re- port to the superintendent similar to other companies. ,t ADnD Cn1rNFrScTnNYrD,c DrpoDT
 Commissioner of Labor McMackin in his annual report, which includes that of the bureau of factory inspection, to be submitted to the legislature says that thirty-seven complaints were made against corporations for noncompliance ,, with the weekly payment law, and twenty-six of them were sustained. The commissioner recommends state supervision of private employment agencies and that laws prohibiting the employment of children under fourteen years of age be amended so that they shall be required to attend school throughout the school year. The force of thirty seven inspectors, he says, is inadequate, and he recommends that they be classified in two or more grades. The salary of $1,2o0 is pro- nounced insufficient
 The number of accidents to factory workers increa sed 30 per cent above any other year since inspection began. The proportion of factory workers en- ployed ten hours day decreased 1 per cent, the nine hour workers increased 8 per cent. The proportion of eight hour workers decreased slightly. Sev- enty-seven mines were inspected and found safe
 STATE TAX COMMISSION. Taxation of mortgages, no deduc- tions from personal taxation for debt, a fiat tax of 1 per cent upon all person al property, including stocks of goods in store, and no deductions for debts; publicity of all assessments by adver- Using, taxation at higher value of all
 unimproved property and vacant lands
 so as to stimulate and encourage inn provements, increase of per diem of b. cal assessors, providing that appeals
 from local taxation made be made di- | rect to the state tax commission, the decision to be final. These are some of the recommenda-
 tions made in the annual report of the state tax commission to go to the sen ate tonight.
 The report is in a great measure de- voted to discussion of tax "dodging" by | wealthy men, and the commission ex-
 presses very broadly it's opinions. | A vague indication of the tangible
 wealth of the state is given in the to-
 tai individual deposits of it's financial institutions. From the latest reports the following is disclosed: State and
 Sational banks, $983, ,114, ,396; trust com panies, $734, 342, ,93S; savings banks, ST. | 77.3S3,7 TAB; aggregating $2.794.84O,9 ,97S. The appointments and furnishings of | the households of the state unassessed and untaxed undoubtedly represent bil- 1 lions in actual value. Few and small | are the entries upon tax rolls of stocks of goods in stores and ledger credits. These are assumed or represented to be offset by ledger debits. In some, if not all, cities it has become fashionable to | maintain mortgage upon the store structure for deduction utility against | goods assessment. Tn provision against the transfer or death" tax envelopes are found to contain in securities ad-
 vance apportionment among heirs of large estates, awaiting deathbed or la
 ter delivery.
 There was an increase of $121 ,343, . | S09 in the value of real estate in this
 state last year, while at the same time
 there was a decrease of assessable per I sonal property to the extent of $2S, S,S12,-
 737, leaving a net general increase of
 1892, ,531, ,O72.