The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-04-03
new LEGISLATION AT ALBANY
BILL TO INCREASE TAXATION OF
MUTUAL LIFE COMPANIES.

= . pb httth NSeN ~
by Constitutional Amendmcnt-Dll
Providing for n Recording Tax on
Mortgages Is Advanced in Assembly.
ALBANY, April 2.-Senator Bracket has
discovered a provision Of law which eS-
empts each mutual life insurance company
from taxation upon more than 100000 OF
its personal property. Tonight he intro
duced a bill repeating his provision. The
passage OF this bill would mean that the
Mutual Life Insurance Company alone
would have to pay a personal tax upon
millions OF dollars.
Senator Pages bill aimed to eradicate
the fake Raines law hotels of New York
city was reported favorably in the Senate
tonight. This Is the same as the Prentice
bill in the Assembly which was introduced
at the request Of the Committee Of Four
teen.
The Senate passed Senator Brackett's
bill requiring non-stook corporations to
keep a book for public inspection, showing
the names Of persons to whom certificates
have been issued by the corporations which
indicate the holders interest therein.
A~ssemblyman Dowling's bill revising
the New York city Charter provisions gov
tIlulR DllCGl OlOliilBo elSS lN-'SN N~
Senate.
The Bracket and the Senate Railroad
Commit Nee's anti-pass ILLS were reache d
on final passage in the Senate tonight,
but each had to be amended to correct an
error.
A bill increasing tho salaries of Judges,
In order to do away with annual %appropria-
tons for these Judges Of lump sums in lieu
Of expenses, was introduced by Assembly
mar Phillips. 1t proposes an amendment
to the constitut ion providing that each
Justice of the Supreme Court shall be Dald
u compensation OF 10000 a year., Justices
Of the Appellate Division SIP, 600, Judges
Of the Cou of Appeals SIS 900. The pre-
siding Judge Of the Court OF Appeals and
Of the several appellate divisions are to
be paid $500 additional.
Assemblyman Campbell has a bill pro-
viding that within ten days after its pas
cage the Speaker Of the Assembly and the
Lieutenant-Governor shall appoint a COM
mittee of six, consisting OF four Assembly,
men and two Senators, which committee,
with the State Engineer and Surveyor,
is authorized to select a site for a freight
terminal in the city Of New York.
The site shall ha VI not less than one mile
Of water front. The committee is TO re-
port to the Governor Oil or before January /,
1907, with recommendations as TO the neces-
sity and a~dvisability of the construction
of the terminal, and the Governor shall
submit the same to the Legislature with
his recommendations on or before Jan
uary 20, 1907. An appropriation of S., 900
Is made for carrying out the provisions
Of the act. The committee shall receive
no compensation but only actual disburse-
ments.
The Assembly advanced to q third read
ing Assemblyman Dowling's bill providing
for q recording tax on mortgages and re-
pealing the present mortgage tax law;
also Assemblyman Hartman's, providing
that before a gas meter can be removed
by a gas company five days notice must
be given TO the party whose meter Is to be
three cent are for school children in Queens
county, and Senator Cullen's similar bill
for Brooklyn.
The Assembly passed A~ssemblyma n
Prentice's bill, a%bolishing the New York
city detective force and returning the
present detectives to general service in
the department under the direction OF the
Police Commissioner The bill gives the
Commissioner the authority to establish
a bureau Of criminal investigation, to which
he can assign any member of the New
York city police force and at pleasure
retire him from the bureau service to ordi-
nary duty.
The Assembly tonight adopted the
resolution of Assemblyman George NJ.
Palmer, the minority leader, calling upon
Gov. Higgins to furnish all information
in his possession pertaining to the State
Banking Department. Gov. Higgins will
promptly send the information, which
Finance Committee.