New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-01-18

An interesting table appears in the report, show
Ing the yearly receipts into the treasury from indi
rect sources increasing from ST. 575 81 In 1880 TO
szS1 SOP 81 in 1903. A table is also given in tho
report, which conveniently groups the trust funds
showing that the capital thereof at the close of the
year consisted Of:
Eaucation fund dneluaing common school,
literature and United States deposit funds) sSe2 IS
csnsI debt sinking fund o gs iss 90
~ N~ '''''''''''''''s''''.'s 42l'Oo W
Total I5e $50 81
The Controller treats in detail the work OF the
various bureaus Of his Office. or the Corporation
Tax Bureau he says:
Inc indirect revenues from the taxation OF cor
Curing the last fiscal year aggregated nearly s00o
s o ana %eald have reached this magnificent sum
Dut Tor the fact that large sums were credited by
oresr OF the courts and in accordance with new
In lieu of direct psynert sh sane kpa Of SEQ
ceptance must be made during the ensuing year for
more resent decisions s''9 Which modify and. app
psrentty reverse the opinions which have been &C
during the last twenty years.
Particular reference is made TO the case OF the
People eX rel the Brooklyn Rapid Transit Com.
pany against Morgan. Controller, 81 App. DIV Ss*
affirmed in the Court of Appeals without opinion
ana the more recent case Of the People ex rel the
Mutual Trust OF westchester againt the Con-
froIer. where the rule laid dowa in the former
case was applied 10 render It possibls fer
class CT corporations TO escape taxation for ono
year II organized at a certain time OF that year
While formerly It understood in the taxation
OF capital stock that the tax was for the future
rpjoymeut Of the franchise. the recent decisions
hold It TO be for the past enjoyment, and conse-
0uently in new interpretations may be for frac-
tonal part Of year.
The application OF this rule viii make nearly
double the work OF assessment and will result
IN the escape from taxation of large number Of
OF the taxing period temporarily otherwise. pass
Deyone me power OF our laws laws which, OF course
was Impossible under the old construction As
this construction viii amount 20 about 100000 and
so The ola law Ps onsed he coar op
tsinly safeguarded the States interests. The new
construction apparently leaves open door for
escaping taxation
The attention OF the legislature Is called to these
conditions in order that a remedy may be provided
II II is deemed wise TO do It is also suggested
thst 10 avoid confusion and misunderstanding
declining modification Of the term employed in do
ing business" applied to capital stock might be
introduced into the tax law
OF the United States Aluminium Printing Plate
case holding in substance that the value Of COPY
rights, patents federal securities and other prop
erty Of this character going make UP the capital
stock OF both foreign ard domestic corporations
may be taken to measure the basis of assess
inent Of such capital stock. the report says:
This decision has removed one Of the most no.
IfI FACTORS which has initiated against the state
o. ork m favor OF other States. and since the
op,liion was handed down a large and increasing
nIIGbsr OF companies organized in other States
under our laws.
The tax collected from THIS source during the
year was Sssos 500 20. The tax on organization OF
corporations for the same period was $500 see 90
Ie state racing receipts reported 10 have been
The largest ever paid, amounting to s1s0sls o.
The great work OF the Transfer Tax Bureau Is
set forth in Che following words and figures;
The income derived from taxable transfers during
the net recep ye aas been enu hghy
Rald into the State treasury from this source
These receipts exceeded those OF the previous wear
@ greater than n 1851 3 snd s R2 9e ofo T yhae
; Sns 5e@r 100 The result is especially crafty
that there have been no exceptionally large taxes
$1,000 H esa'sl Ssy and sarss 22g gher tax
oeon one estate alone pa s Ig ts 6g
s Two inclusive ss 49, the three estates paving over
-FOUR estates paid an aggrerafe Of s OF IN o as
= per cert OF the total receipts OF such year The
year closing September 30 1906, was 1851 as com
and An in 1899. 100 Al ~"
In treating OF land taxes the Controller rafsr. ..
cases OF disputed titles in Forest Preserve and
the suggestion OF his predecessor that the do
partents having to do with the forest lands OF the
State be authorized 10 investigate and renort ad
Nising some method Of settling these controversies
Attention is called to the fact that while the
acreage Of the State has increased only or ner
cent since the enactment Of the law OF 1885 eu-
4 aio44NiAk the taAauon or wild and forest and
the States assessment thereon has increased over
30 PER cert.
The Controller makes a statement OF the amount
which the State has contributed toward the re-
pair OF highways under the money system since
the passage OF the Fuller law in 1885 Their. has
been stea6y increase from sss5l7 % that wear IN
&asIS % In 1902, ard he estimates the legislature
VIII be called on 10 appropriate from ss6oooo to
sSsSeo for 1904 On account Of the large contribu-
ZION OF tie State for this purpose the Controller
suggests STATE supervision over the expenditure OF
the money.
OF the United States deposit fund it IS said:
This trcst fund under the State Finance law is
included with the common school fund ana III
Article " Of that statute but is managed pursu,
ant 10 provisions applying to other fund or
results and tendencies unsatisfactory Thai a
change OF method seems imperative for the preser
nAuon OF the tand and Tor the advantage of cl5-
izens entitled 10 the benefits contemplated by the
origlnal acts under which the money was ac-
ceotec by the State.
The Controller continues;
Tie records OF the department also show thu.
1T the close Of the year 1902 the State owned an
pro1imately I2.Co0 of land ACQUIRED fbro,S>th
Foreclosure OF loan mortgages during many years
.sss than per cent OF the cost of the land to The
IN quantity OF land, exhibit a similar return -
rentals less than per cent Of tho cost price -
The favorable results accruing under the new
printing law receive attention from the Controllar
For the hrst time in decade there are funds in
pruning appropriation sufficient 10 meet all valid
claims. and for once there viii be cali to make
a deficiency.
The Controller closes his report by a refereno. IN
the national conference called by the censp. T,,,
reau OF the federal Department OF Labor q. vvavh
1g,c , IN Noyenssr last 10 which the chief ac-
reseniattve- ~ S'S'e = rep
evr.rrr