The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-04-01

4 A0BERT G. AORRsS OPPOSES
ODEEL1S MEASURE.


OmpourinS n Blindness Men to Regis
, ter DisapprSsai Of Odeips Tax Bill.
ALBANY. MarS a.-K Gov odell had
shown the same desire to learn the senti-
unents Of representative people from all
sections OF the State regarding his mort
Gage tar bill as he evinced when he at
tended the Republican caucus OF each
House on the measure. he should have
attended the hearing on the bill before
the Assembly and Senate committees on
Taxation to-day. The big Senate cham
Der was crowded to the doors with men
from all sections OF the State. not only those
prominent In the business world. but leaders
u public opinion in their respective loeaii-
tes
Over 100 representatives OF the savings
banks OF the State. headed by exiMayor
Charles A. Schieren Of Brooklyn, President
q the Savings Banks Association OF the
otate, and J. Harsen Rhoades were present
In opposition to the bill, and 40 were num-
Der OF the solid men from the cities OF the
Stsse representing street railroad and
lighting interests.
There was no one present to defend the
Measure except that wiser bend, Senator
lothian p. Aids 1t was evident that his
knowledge OF the effect OF the measure was
limited. as the attorneys for the opposition
tied him up into numerous knots and he
hnaiiy ruccumbed and allowed the hear
ing to proceed without any further inter-
ruptions.
Ex-Assemblyman William Barlow Dun
lap OF Amsterdam, prominent Republican
In that section, spoke right out In meeting.
He said the people would prefer small
direct State tax to this proposed Ubiquitous
legislation. He added
Il want to warn yon that the sentiment
throughout the State il very much against
the present State administration and as a
Republican l deplore IL. II we had an
election tomorrow the State would 60
overwhelmingly Democratic.
Similar sentiments were voiced by ex-
County Judge Walter H. Jaycox. Of Suffolk
county.
Il was appointed by the present Gov
ernor.' said Judge Jaycox. but want to
say that the sentiment down our way is
decidedly-eeaiaseshe Republican party for
standing Se1nch 9cxiB1sttan p this.'
Tho moS incident connected
with tine Mortgage Tax bill since it has been
introduced wasAhe presence at the hearing
Of President Robert C. Morris of the New
York County Republican Committee.
President Norris read q letter signed by
himself as representing the Republican
County Committees in New York city,
telling why they were opposed to the bill.
He said 80
The Mortgage Tax bill In question has been
70 increase Il the direct-taS levy. When this
part Of the subject Is considered a. variety
A direct tax. levied in the usual manner.
fnlls almost entirely on real estate; II the
colsStion OF, say, ssoooGaS f9 pr the state
for the State an equal sum from mort cages
on real estate. In what respect are the owners
That part Of the real estate which belongs
20 people who have no mort cages on their
x, viii pty no ps Of on h wb g.
81 The six millions and the share Of the class
Np And this leads to ii The statement that the
levy OF indirect taxes must always be guarded
y y ssSo% so S be to ss.
broad studies Of economic taxation. Money
e wanted, and Is secured along the lines Of
system OF the State a higher levy would be
made. that would extend to every dollar Of
Es s eo SnS BE- oand and
Under the indirect system some special
special levy. One day it is savings banks.
another day insurance companies sn on another
day trust companies are dHeCte0. ana on
still another liquor dealers.
made at the win of the LEGISLATURE without
any yhrdstos Of SS should be
Be enEendered In the business world And
the STATE, and an Overlooking treasury or an
easily filed treasury exists tendency to
extravagance will be created.
The revenue requirements OF the State, are,
say S24, ON. 0Oo a year: OF the city. say, sloO-
ooaooo The STATE. however. can draw upon
values one-third, about, OF its necessary
taxation Is fairly ehargesbls TO the state
outside Of the sr city 81 Sew YSrs l. ths sS
more or less, Of what the state needs and
the interest OF the State in the taxable sub
ssn. o. Local Srf Interests s1s 81 o9es
i. 1his proposition is roughly one to six. II
n about one to nine II population Is con-
The taking. therefore, Of ope.third Of the
IN this bill and IN the excise bill. or what Is
still worse. all Of the revenue. as In the case
10 the sravest condo mnstion.
just regard then, to right economic views
sent%est on he Subject Just re tG sard pg FOR
right balance OF taxation on real estate
si re9 e ipr fair Duplication Of ss
the principle Of Home Rule. and just regard
4 t2a right bsiance OF taxation between the
this mortgage tax measure should be
abandoned
Mr. Morgis's statement was listened to
With the utmost interest and pleasure by all
present, with the exception Of some OF the
Republican members of the committee.
He introduced Henry l.. Stimson as an
attorney representing the New York County
Committee. who opposed the measure In
regard TO it, legal form Mr.. Stimson said
IN part:
The first thing that is apparent Is that the
resultant tax will not be at the rate
Of four pillsI on. each dollar Of such
securities, stNt gill bs at constantly varying
rate. runAh1R from four mills down TO an in
hnitesimal fraction Of a mill according as the
security under the mortgage consists OF
rial estate within or without tho State OF New
Sots i9 vsSyins proportions and as i CON n
varying propcrtioaa
Of the tai to b. imposed on bond Of the Y. Y,
N. II. and II. r, r. Co.? And mind you. until
that question Is decided and the amount Of
that tar determined. no mort gage securing
ouch bonds could be recofded under this
In the second place, who has to pay this
tax IL seems TO have been assumed that
the corporation making the mortgage could
b. oompeliad 10 pay II This assumption Is