The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-02-03
TAX MORTGAGES And STOCKS.
CHIEF MEASURE NOW CONSID-
FRED TO MEET STATE DEFICIT.
Former Might Win II Half the Revenue
Goes TO the Localities-Republican
Leaders Talk With Higgins and Come
Here-Platt Also Expecte d-Sos Odell.

Leaders Talk With Higgins aud Come
Here--Platt Also Expected-So's Odell.
ALBANY, Feb. 2--The Republican legs-
Iativo leaders left for New York city this
afternoon, right after the Legislature had
adjourned. They had a talk with Gov.
Higgins at the Executive Mansion last
nlsht. principally over the financial prob
lem which coufronts the State Treasury
in the shape of deici, after this year, in
case legislation is not' enacted 10 secure
between 100000 and t60Oo,OOO from
Indirect sources Of taxation.
This question OF additional revenue
baa been thoroughly threshed out by the
Governor and the Republican leaders.
Tie two main propositions under con-
alteration arc a tax on stock transfers on
stock exchanges and in bucket shops and
a five mill annual tax on mortgages, half
Of the revenue TO SO to the localities.
There seems to I've an opinion that such
a mort gage tax measure would not meet
with the fatnl opposition that IL has hereto
fore encountered az an equal division OF
the revenues under such a law would com
uensate certain rural localities which now
depend much upon the item Of taxes received
from mortgages
Those who attended the conference last
night we're: Senator Raines Speaker Nixon
and Assembiymen Rogers. Hooker and
Wade the latter being chairman OF the
Assembly Committee on Taxation and Mr.
Hooker being the author of the only mort
gag. tax bill so far introduced this session.
senator Melby was detained by business
In New York city Senator Raines. the ma
-. -, ha nd
Nixon went TO New York this afternoon.
senator Plat is to be in Now York on Satur
dav. and maybe Tomorrow. Mr.. Odell also
probably will be there.
f was stated to-day that eIGov. Odells
proposed European trip would end about
two weeks before the Legislature adjourns.
Some of his friends say that when he re-
turns from Europe he expects to see the
present State administration in the slough
Of dependency through inability to meet
the present pressing conditions without
ms material aid
Il ia true that matters OF legisla ton are
IN a hating condition pending n solution
II the difficult financial questions presented
rs a result Of the Odell indirect tax policy,
hut 1t can be stated that Gov. Higgins
and his legislative friends have the situa-
ton well in hand, and are CHEEKY and con-
edent OF the outcome.
That there is much need Of discovering
some new source to secure revenues 80
that a direct State tax will not be necessary
was shown to-day when the Assembly
WAYS and Means Committee introduced !
the annual appropriation bill 1t appro-
PIRATES $3.50 ii9 TO cover the ordinary
annual fixed charges in administering the |
State Government, AN increase over last year I
Of 1900. 0ss The committee exercised as
much economy as possible, so the cha rman,
Assemblyman Rogers. informed the Assem-
bly, The bill. Of course. will be pruned TO
a considerable extent before II passes the
Legislature
Mr. Rogers says that the principal in
crease is in the department Of education.
s3s9. $40 One Of the increases in this depart
ment Is $500 900 for non resident tuition.
This appropriation last year was made in
separate bill The other increase Is some /
thing in excess of 100000 for State aid for |
public schools.
state Superintendent Of Elections Morgan !
gets an increased appropriation Of $4,000 /
IN order 90 carry on his work all year and
TO give him fifty permanent salaried depu-
ives lnrolEn tne stats uhNiue t' MAN" /
rebates upon surrendered liquor tax certif-
Gates The state excise department gets an
increase in its appropriation Of $2ll 800
Last year COY. Odell, in order to boost
MS state machine increased the salaries |
~ the attendants and other employees |
"a the state hospitals, 80 that this year the |
state Commission in Lunacy gets an increase |
Of s22j.2io TO meet this additional expense. |
t--omblyman Yale rep. Putnam has
l upon scheme TO get more money for /
ihe conduct 81 the State Government 1t |
- tax upon wood alcohol The manu- |
i1c'prors of this product are 10 be made /
TO ray 20 the State cne-third the amount |
fh"v receive for the sale Of it. The greater
part ~ the wood alcohol manufactured /
a This state comes from Cattaraugus |
county So does Gov Higgins,