Five Mile Beach weekly journal., 1914-04-03
Bitter Fight Over the Fielder
Measure.
BOTH HOUSES ADJOURNED.
Charges and countercharges Are Hurl-
ed Back and Forth - McDermott Is
Elected From the House-Nusent and
Fielder Reply to Each Other.
fspeelal correspondence.l

Especial Correspondence
Trenton, n. J.. April 1~.-Following
the most extended pickering In the
house this year, the bill urged by Gov
Fielder to place a tax on bank
stock was passed. The senate received
the measure in it's amended form yes
terday. and the Democrats, with Re
publican votes, also approved of ii.
Edge. Mathis and Read, Republicans.
were the only votes in the negative. 1t
has been sent to the governor. and he
will speedily sign it TO have it placed
on the statute books.
Both houses adjourned for the week
yesterday 10 permit the committee on
appropriations TO complete its work.
They will my next Monday
night. and IL is planned to take sine die
adjournment about the following
Thursday.
For three hours the %sauabble in the
house over the bank bill continued.
Varied outbursts IF oratory for and
against it were heard. The vote on it
was Al to II. The measure now places
an assessment of three-quarters of l
per cent ON the value of the stock of
banks ANA trust companies. Savings
institutions are excepted. and the as
sessed value of the real estate of all
the institutions Is to be deducted be-
fore the levy is made. Minority Leader
Richards in his TRADE against the bin
declared 1.-The two Jims have gotten to-
gether and agreed on this measure.
Jim Nugent). the corporation counsel
of Newark. and jim, the governor of
New Jersey His assertion occasion
ed intermingled Kisses and applause.
and the speaker raped vigorously for
order. Numerous conferences We're
held before the final vote was taken.
The ire of the Nugent men was thor
oughly aroused by the attacks of the
governor on Nugent. and they We're de-
termlned in their opposition to the ex-
ecutive. Several of the Democrats in
the Essex delegation favored the bill,
including Nutting, and he declared on
the fioor hat his action meant his po-
litical death. 1.-The administration will
take care of you" was the comment of
Mr.. Richards. 'They viii have to-" was
the response of the Essex assembly
man. Republicans who voted for the
measure included Dalrymple, Ham
mond. Moore, Peacock. Scovel, Shep
pard. Smith. Weart md West. Efforts
of Assemblyman Godfrey, for the Re-
p%ublicans, and Assenblyman Quigley,
for the Nugent Democrats. to have
f.,vkIor n y, ot.An,nnf pao6A m thn f1aQc q.
ure were voted down. Assemblyman
Dobbins, who carried or the fight for
the governor, asserted that the Bank
ers' association had been busy prose
lyting members throughout the session
to prevent a just assessment being
placed on their stock. He said New
Jersey was the only state that allowed
them to escape the tax.
Bitter Fight.
Charges and counter charges were
hurled back and forth in the contro-
versy over the bill by Governor Fielder
and Mr.. Nugent. Bitter luminosity was
shown in some of the declarations.
Although the governor had previously
scored Nugent for his opposition to the
measure, Assemblyman Quigley of Es-
sex attended a conference on the sub
ject as the representative of the Essex
boss. Besides the governor others pres
ent at the conference were House Dem
ocratic Leader Branegan, Assembly
man Dobbins, who was assisting the
executive in his fight; Assistant Secre-
tary Of State Lippincott of Hudson and
Naval officer Wittpenn of Hudson.
Following this meeting Nugent gave
out a statement declaring that the gov
ernor had agreed to have the bill pro-
vide that all the tax money raised IN.
der the measure and apportioned to
the counties be applied directly to the
county budget in order to assist in
lowering the local tax rates. He
claimed that the governors concession
to a tax rate of three-quarters of /
per cent instead of l per cent, provided
in the original bill, was a complete
c~apitulation to the banking interests.
He maintained that the conference
was a complete victory for the Essex
delegation. Mr.. Branegan and Mr..
Dobbins denied that the governor had
weakened and asserted that he de-
clined to acquiesce in the bankers
proposition of IN assessment of one
half of l per cent. but had made some
concessions to keep his pledge and
place a bank stock statute on the
books of the state.
Scores Nugent.
Governor Fielder Wins told What Nu
gent said about the surrender, and the
executive replied chat he would not en-
ter a controversy with him until "he
again attempts to run the legislature"
When the passing of the bill was held
over last week, however, the ire of the
executive was aroused and he did issue
another paper against Nugent. "The
statement of Mr.. Nugent,' he said,
ffkhn& H. -roa ~utIIs.~ T. ---x -