The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-03-21
DOUBLEfAXONS BANKS
THAT rs, If TIE M0RTGAGE-TAx
BILL rs PASSED,

mn Intreduced Repeating the law Impes-
ing . Tax on the Surplus 81 savings
Danks---Frteuds q Canal improvement
Fear That Their Bill WIN Fail
o ALBANY, March 20.-Two years ago. when
Gov. Odell introduced his schemes to do
away with the direct State tar by taxing
moneyed interests Of the State. II was
understood that when the bills imposing
q tax on the surplus Of savings banks and
insurance companies were enacted into
law these concerns would not be called
upon to pay any additional tax. But by
the provisions Of the Mortgage-Tax bill.
Il IL 10 enacted into law. they will have to
pay o four-miil tax upon all mortgages held
by them, despite the fact that they are al
ready paying a tax Of per cent. upon
their surplus and undivided profits and
premiums
To-day Senator Aids introduced a bill
repeating the law OF 1901 imposing this
tar on the savings banks. He says he
will not press the bill unless the Mort gage
Tax bill passes the Legislature. when In
all fairness to the savings banks he thinks
the law of 1901 should be repealed. This
measure now brings into the State Treasury
S700 900, and 1t In not believed that Gov.
Odel would favor the repeal OF the law.
Contrary to expectations the Mortgage
Tax bill il to be pressed first in the Senate.
Gov. Odell thought, in view Of the known
opposition expressed in the Assembly and
the doubt that the bill can pass that body.
that 1t would be a good idea to try to pass
the bill in the Assembly before the Senate
acts on the measure. But the Legislative
D. L. 10 ha
pass the bill first and then await develop
ments in the lower house.
The advocatesof thousa nd-ton barge canal
system are becoming alarmed as the session
progresses and now entertain fears that Ia
some way their pet scheme will be killed.
To-day Assemblyman Bostwick's bill was
on the second reading calendar That. how
ever was not sufficient TO cause either Mr..
Bostwick and the majority OF canal improve
ment members to attend the session and ex-
pedite the passage Of the bill. Had there
been q quorum present they might have ad-
vanced the bill TO a third reading. but under
the understanding that prevails on Friday
a single objection causes bill to he laid
aside until Monday night.
-Assemblyman Graeff asked that the Bost-
wick bill be advanced to a third reading and
fully debated on that order. but Assembly
man Burnett said: This bill seems to he sus-
picious" That sent IL over until Monday
night The plan Of the opponents seems to
be TO kill time in debating the bill on the
order Of second reading and then fsht II on
third reading.
Senator Davis's similar bill il on the order
OF third reading in the Se, ate. but II cannot
be reached before Tuesday. II h said
Il will pass the Senate. IL will then be sent
10 the Assembly, and in the lower house
un animous consent is required TO sub
s,itute a Ser ate bill for an Assembly meas
ure. This consent will not be given and
the bill will he referred to the Assembly
Canals Committee, which will not he able
10 report Il in time TO place II on the cal
en- dar before the S0th. II In known that
the opponents Of the canal Improvement
legislation hope to defeat the bill by hav-
ing the Senate and Assembly measures
cross beweeen the two houses
In the Assembly to-day Assemblyman
scan DIAL out Of the fact that Gov. Odell is
Guarded by detectives. He said that he
had read in the papers that Pfnkerton de
tectives had been engaged to watch Re-
rssuh OF rumors that large funds were
being raised 10 defeat certain tax legisla-
ton. II this was the case he thought II
was insulting to members OF the Legisla-
ture and that the Republican admin ittration
had sunk very low TO resort TO such meas
ures.
Speaker Nixon Quoted his fears by in
forming him that II the detectives were
here II was for ether purposes.
Majority Leader Rogers was about to
quote that passage OF scripture None
but the guilty fee when no one is in pur-
suit, when the incident was closed by the
Speaker asking what was the further pleas
ure OF the House.
Assemblyman Remsen rep. Brooklyn)
to-day introduced a bill authorizing the
.t.,,a oh 81
particular duty shall be to chemically
examine all spirituous or malt liquors.
bottled or manufactured In the State, In
order TO see that distillers or brewers do
not distil or brew any liquor that will be
injurious 70 public health ~ The salary
bin provides that all bottles. barrels. &C.
containing liquors shall have upon them a
label stating what they contain, upon which
shall appear the certificate Of the State
chemist as to the purity. Of the contents.
section shall he deemed guilty Of q mis-
demeanor and be punished by. . fine OF
not less than 800 or six months imprison.
ment. or both. The penalty for sdulterat-
ing or blending any spirituous or malt
Il a aSo u. 81 rs o 'e or Ad So
years imprisonment, or both,
Assemblyman FinneGan Dem. Rock
land in roduosd bill taxing the improve
menis ~ well ss the land owned by a steam
railroad. The bill amends the tan Law
- follows:
In determining the actual value of the
real property of . steam surface reilrosd
corporation liable To tAIstion la q taI
district the assersors shall include the
actual value ~ the land owned by such
corporation and shall add thereto the actual
cosi ~ construction ~ the railroad owned
NJ opeesied. including the cost ~ repro
ducihg the rails. iies, depo's and other
hltures PER- aiming 20 the ooei and opera