New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-02-19
TAX BILL SENT BACK.
+ DEMOCRATIC FECTOHf J.
Real Estate Transfer Measure TO
Hare a Hearing.
rrY rELrsRArH TO THE zRIBUNE.l

E.sR
llhsnv. Feb. Ex-senator Grady succeeded WIN
.he aid Of the three Republicans and that OF al
the Democrats. in al attempt To-Day 10 nav
,or,,nirted To the Senate Committee on Taxation
,nd Retrenchnent the bill Of Senator Green a..
,o,vevsnces OF real estate-a bill which II -
bo,ed will put into the State Treasury N'-eouU''
re- H5ll Vas acted upon faVorably last night %
she committee and this favorable report was SUI
,,ft,e6 by Senator Green chairman OF l-Ie -.
-,f.+ee 10 the Senate this morning, OUT 'ne ~
stated that three Democratic Senators -,
4r,,, the favorable report on the measure
1000 ss5 No sooner been submitted TO me Sella'e
than Senator Grady moved 20 recomnnl' 'Le "a g
the Committee on Taxation and Re'te'lcinielil' 80
8 hearing the bill TO retain its place on 'ile
.,sar re argued that ;he bill was Substantially
a new ma with which the public was not lAlliai
rs therefore the raea sure should he printed anu d
hearing granted upon it in view OF IT'S
There IS 10 taxation OF the sales ana Pun
of stocks he added -.
Senator Raines. the Republican leaoer' seiu -,
hearing would certainly be granted upon me OIL
- one was desired.
Senator Green said. $50, -,
This * srhstsntially the same bill that has been
before the Senate for four weeks past oII0us -
oiAc4ior was made TO the notarial tax feature "a
T. and that eliminated NON I'M ~
transfers OF real estate.
Yes" said Senator Grady, but what becomes
q me taxation Of the purchase and SAFE OF SUN
.,Tne-A was no intention Of taxing them an
tvered Senator Green -. alas
Your bill did provide for the taXauon OF sa4SS
and purchases Of stocks. replied Senator OiaoH-
IF the minority" said Senator Green Is -
-ea5z- n tax Wall Street why doesn t Il introduce
hill for that purpose ,, ,;,,.
.Tra-z you for the privilege Of introducing Ni'is'
said Senator Grady ,..-
II has long been known" said Senator Green.
char the ,zotarizl Tex bill would be abandoned
L an not sorry that the notarlal TAX "aS 0'
dored said Senator Grady. but don see why
.17e ovation Of Wall Street was abandoned
Senator Fssack,tt one Of the kepubhcah ="
s,,-zen-s said he lad sincere intention OF sup
porting some such measure as tha1 OeIOie ny
SENATE YET he should vote 20 reeonn1ll 1t l0l a
,,ss~irr Perhaps he would prefer to nave M
Guided in il some such feature as that susse9'eu
1,,- the Senator from the XVIII District
Senator Flsbere said he had never Yet oeCNi'e-
r. vote fer motion grant a hearing upon "
hif7 He added. Il think Il would be lnoelei!Sl'l7
"a mss hill like this affecting Eravely the rlsH's
~ T,ra-art,- holders without granting them d hea'
Ing" "a, ,,o,l5
The motion Of Senator Grady that the OH s'01l
~, ,sr,7,7,71-ted 10 the Committee on Taxation anu
F2a--enrhn7ent VS. adopted 10y a vote OF - - -.
! received rhs votes Of twenty Democrats ai1
80 -,,raa OBSERVATION-DISCLOSURES Bracket
- lTcT-Z~..T The twenty-five votes dSd!liS'
,,,Stion we're est by Republicans Se!ie1' Ssi-.e+
t-Tar who represents the Albany senate ol7''io''
said afterwa-d: .-.- md # "a hearing
,ao-TesTad ss II was 10y Senator crazy -: -
= should be 4rited- am IN favor 81
rnzT nature 80. have not joined ''I i''7'