New-York tribune., 1903-01-14

ASKS CHANGE IN BANK TAX

AS the receipts from indirect sources have been
the actual surplus on October l. 1903. is likely 10
approximate s30Go000. and amply justites the & Teet
afforded the taxpayers in not levying any dlTect
tax for the support Of the government the lds'
The attention of the legislature ig called to the
system OF leaning OF the United & o9aIss reoIreS by
law During the last year the net income fro es
of the various counties was about 34 per cent ana
from the $2,S3 $40 remaining in securIues acquTeu
when the present law was passed the net INCOME
from the fund invested IN nortgage Vas m 0ly ri Pg
ties in the conirollers custody was 81 per cent
9e aequired upon the
@ ar To oen T6cf oF The II c6st To the 81 State
The Controller calls attention to the good results
and trust i funds in the hands treasuTeIs
az and states @ m that oT ns F haa ads and the United
states deposit fund that trust rus m funds m dhf in @
There was collected during the year in CORPORA
fssh 'aA eomnsrison which SHOWS the effectiveness
and economical nc t % OF tb ee fooWn In
1893 SOP corporations taxed producing g 266-
to- fons at aefe fezf taxed GF PRTodGeng ReT
Of ass per cent Ter years 5 ago but T reco
mends small general appropriation to reimburse
judicial decree. in place of the present method Of
forcing each corp3raton 10 Secu1S % us uets that
the tax upon the surplus and undivided profits Of
savings banks should be upon the & fo h
Superintendent Of the Banking Department, as of
surplus Of savings banks amounted to about $50.
100000, while the market value was over Nl9,uJo
value to market value in nine institutions in one
county ranged from 70 per cent 70 % per een is ms
equitable. 1t is suggested that the difficulty could
ine m the basis Of computation as above set forth
and changing the rate from per cent to seven
mills.
ECONOMY IN STATE INSTITUTIONS
55t r. sum less than that collected during either
Of the two preceding years & wheh fh Large n
amendment to the tax law passed by the aSt leSs- &
troIler by every Institution prior to the removal
of assets of decedent or the transfer OF any Sc
suited to the advantage OF the State in preventing
the removal of taxable assets hey md the reach OF
During the year the State acquired by purchase
acres OF land in the Forest I Preserve. making the
h9dngs on S f6Tse 9 @ SGnred fbon6d aedes M
are in the "Adirondaek Park and ninety-seven
s conPoer tn refers to the Subject of the taxa
ton of State lands and shows @ oo that "a with about
the state, while in 1902 the estimated tax is $50.
600 on % u the an & @ OF ONLY tax o eGt a @ ot
crease Of value, but also to an Increase Of
ana and exfraVagsnt eSpendtares Of money have
en sd and in to ve Of the fact OF that in
localities the State pays at least 80 per cent
Should M have Some Supervision over the matter Of
assessments and taxation OF state lands in the
Forest Preserve, which could be accomplished in
simple and inexpensive way through the Con-
troller's office.
The amount paid by the State for the repair
of highways by the money system has steadily
increased from $34 ST 73 1898 to s02 500 s5 in 1901
With an increase Of ratable proportion from %
SO per cent the States contribution of the 1872
tax viii probably be sS5oec0 to 800 900
The Controller refers to the transfer of the pu-
reau of Charitable Institutions the newly created
pepartment of the Fiscal supervisor of Charities,
the Controller retaining the final power OF audit
expenditures, and expresses the belief that
sary consequence of the change will result in
benefit to the State.
The Controller closes his report with reference to
the matter of State printing. The recommendations
of the Governor and the subsequent action of the
last legislature resulted in the payment Of every
audited bin by the close of the last fiscal wear
a condition before unknown for many years The
Controller also calls attention to the fact that the
legislative printing rates in the contract com
meneing October l. 1902, are the lowest for many