Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1914-03-31
BANK TAX BILL,
AMENDED, GOES
THROUGH HOUSE
Levy Is "a of 1 Per Cent. on
Capital, With Real Es-
tate Exempted.
VOTE, Al TO ia, LACKS ONLY
TWO ESSEX MEMS AYES"
Newark Gets SO Per Cent. of
Local Bank Tax-FieIder
Claims Victory.
Especial to the Evening star.I


TRENTON, March Ex-senator
Carlton B. Pierce's bank tax bill
passed the Assembly last night with
the Dobbins amendments reducing
the tax from ! per cent. TO three
fonrths of 1 per cent. and exempting
an amount of the capital stock equiv
alent to the banks real estate hold
lngs
The Essex delegation, with the ex-
ception of two, voted for the bill and
the amendments. Governor Fielder
declares the passage of the measure
Is personal victory for him. He
did not wait for the Quigley amend
ments, which would have given the
ESSEX men credit for the fight they
made III the interests of Newark.
The bill in its present form repre-
sents the third one of it's kind pro-
posed for passage. The Dobbins
amendments were introduced ms a re-
suit of the compromise after City
Counsel Nugent, of Newark. and the
Essex assemblymen discovered that
Newark would be a financial loser II
the original bill was passed.
Senator Pierce said that the pass
age of the bill in its present form
satisfies him.
Vote on the BnI.
The vote on the bill produced a
totally new lineup of the members
without much regard to party lines
or previous condition of mind The
vote In full was as follows:
For Agncw, Beekman, Bloom,
Brackner, Branegan, Bredenbeck,
Bnrlon, Byrne, Carhart, Carroll, Cur
ran. Dalrynple, De Yoe. Dobbins,
FISHER, Cannon, J. J. Griffin, T. y. \.
Griffin, Hammond. Holcombe, John
son. Kays, kirkpatrick, Kuhlke,
Leonard, Long, McDermott, Moore,
Mount, Mulligan, Nutting. Peacock,
Quigley, Quinn, Rowe. Scovel, Shep-
hard. Smith, Wearl West, Wheat
ley-41
Against-Barbour Barradale. Con-
rad. Crosby. Downs, Foley, Godfrey.
Hughes, Hunter, Kales, McCabe, PAN
coast, richards, Stevens-l4.
The Essex delegation. with the ex-
ception Of Assemblymen McCabe and
Foley, voted for the bill. They also
voted for the Dohhins amendments
after II was clear that the Quigley
8mt ndments were showed under In
spite ol the Governor $ original agree
ment that he would consent 20 any
amendments from the Essex Assem-
blymen which did not alter the lu-
tention of the bill.
Bill Changed Three Times
The bin has been thrice altered and
the Governors stand on It also
changed since the bill originally
passed the Senate. Then IL was a
State tax of ] per cent. on bank capt
tai, surplus and undivided profits,
without any exemption. THE Governor
consented to fiat rate of three
quarters Of ! per cent Next he al
lowed the real estate exemption. He
met Newark's objection by making IL
county and municipal tax Instead
of State tax. II was In the matter
of the local applcat on of the taxes
that City Counsel Nugent took his
stand for his city last night. He made
no objection to the Essex Assembly
men voting for the Dobbins amend
ment because il Incorporated the
principles of Newark $ requirements,
although 1t took the fun credit from
the Essex Assemblymen who fought
so hard for NewarlS's interests.
The attitude of the Essex Assem-
blymen on the DoiSbns amendment
puzzled the Republicans, who at the
close of the negotiations had got
themselves into the position of fight
iIE III a llll tilfl ftduttiOu OF lIlt
bank tax. This was not the Essex
principle at all, while the Dobbins
amendment was practically dictated
by Mr. Nugent and were orig 'nally
introduced to meet the Essex objec-
tions. The vote on the Dobbins
amendment was MS follows:
For-Agnew, Beekman, Bloom,
Brackener, Branegan, Bredenbeck,
Burton, Byrne, Carhart. Carroll, Cur
ran Dalrymple, De Voc. Dobbins,
FISHER, Cannon, j. J. Griffin, r. L.
A. Griffin, Holcombe, Johnson, Kays,
Kirkpatrick, Kuhlke. Leonard, Long,
Mount, Mulligan, Nutting, QulgIey,
Quinn, Rowe, ScoVel, Smith, Stevens
and Wheatley--35
Aga 'nst-Barber. Barradale, Con-
rad. Crosby. Downs, Foley, Godfrey,
Hammond, Hughes, Hunter, Hates,
McCabe, McDermott, Moore, Pan
coast, Peacock. Randall, Richards,
Shepherd, Wearl, West-2i.
Governor Pleased.
After the adjournment of the House
Governor Fielder said: "I am very
much pleased with the result. I felt
very sure that the House of Assembly
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