New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-06
CITY OWNERSHIP TALK
IN GoVERNOR'S MESSAGE.
Independence of Passaic Freehold
ers Is WorTyinS Bosses.

Trenton. Jan Cspecian,-Governor StoEes's
message VIII come from tho hands Of the printer
tomorrow. 1t viii be in the usual pamphlet
form ana VIII he placed usual, IN one OF the
vaults until TUESDAY, The message Is said 10
be one q the longest ever prepared by New
JERSEY Governor. About every subject WITH
which : Governor HISS - deal win be considered
rns II al sAe TOPICS treated are traNersed by
me aes3SlaEase she session VIII last until the
flowers a-e ~ esl, rlcNn.. While the Governor
maintains AiS yessceaee as 10 tho contents It Is
understood thasa is mach original thought
shown. especially regarding The franchise and
taxation questions * is reported that, the GOV
error NH favor species ~ municipal owner
ship. THAT = ne NH soggeSE that cities might
build trolley beds and other equipment and
shen Jesse the right TO use them 20 various cor
porations Such suggestion. however. would
SAVIOR rather too much Of $ SOP 10 the extremely
radical element. and even Stokes's hearcest
opponents would scarcely charge him with such
r pslpahie piece Of political trimming
Attention has been called several times OF
late 70 the vigorous measures that Senator Min
rurn Of Hudson. proposes TO introduce the
fact that Minturn Will be the leader OF the
snarse Democratic minority naturally entities
them to consideration He has announced sew
Aral more bills IN the last few days that he
sss ready, IN addition 10 those favoring Inunic-
spai ownership One Of these is really sup
Element 10 the city ownership plan. only on
Al enlarged scale. It provides for the appoint
saent OF a commission 10 consider the question
Of State ownership of public utilities The COM
mission is TO have power TO take testimony, ana
TO report, with recommendations, 10 the session
OF the legislature in 1907.
The Democratic leader also intends TO Join
with some of the Republicans in an attack on
the life insurance companies. He wants such
IN
the investment of their surplus funds. He has
drawn a measure which he thinks will accom-
plssh the purpose and safeguard the interests OF
the policyholders. The bill prevents life insur-
Rnce companies in the State from investing
funds In any securities except those now per
raitted to savings institutions. The investment
IS practically, by this measure, confined 10 ma
tional, State county or municipal bonds ana 10
real estate bonds and mortgages, TO an amount
net exceeding 80 per cent OF the realty values
Considering, apparently. that the McAdoo peo-
pie, the Pennsylvania Railroad and the Public
Service Corporation were not furnishing or pre-
barring to furnish adequate facilities for crossing
the Hudson River Senator Minturn says he eX-
poets TO Introduce q joint resolution soon after
Tor the building OF several bridges across the
river These bridges are to be erected from
Hobosen to New-York and from Jersey City TO
New York, and TO be paid for Jointly by
the States Of New-York and New-Jersey.
The State House machine must have received
& little Jolt the other day, when IL learned that
he new Passaio County Board of Freeholders
was showing ar Independence OF the bosses and
s determination TO serve the people that were
receiving the approval of the masses in that
bounty Ever since the AssernblyTnen from Pas
Sale were apparently captured by the machine
the State House leaders have talked about the
Failure Of Colby and his contingent 10 accom-
plish anything In PaSsaic. OF course, everybody
but the machine knew that was not true, but
did not think Il worth while to correct this
wrong impression. Before the session is far ad-
vanced the Passafc members may show that
they know what their constituents want