The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-16
WHITMAN VETOES
The STOCK LIST BILL
Governor Says It Would I'm
justifiably Interfere With
Legitimate Business.
SIGNS MANY MEASURES

S1fSN AIhy hlNuIu o
tocd to-day Senator Miils's bill to pre-
vent the circulation Of lists Of stock
holders Of corporations. The bill was
'N,ended to stop persons from frighten-
ing shareholders through circulars At
lacking the corporation finances.
Hundreds Of individual brokers and
security investment houses not aligned
with the New York Stock Exchange
asked the Governor TO veto the bill.
Gov. whitman In vetoing the bill said
TT is conceded that there arc many
ways IN which a stock list can BE-
icgtimately used. and this bill would
limit their use. except for the protec-
ton or furtherance of the interest Of q
stakeholder or Judgment creditor.
1T is evident that II the bill was
approved any n using a stock list in
a perfectly proper would be
likely to be prosecuted II he could not
show that the use was for the protec-
ton or furtherance Of the interest of q
stakeholder or Judgment creditor.
This il an unjustifed interference
with a legitimate business. and In my
judgment one that was not contem-
tla,ed by the Legislature when they
passed this measure"
Institute for Public Service.
The Governor signed the bill creating
the Institute for Public Service to con-
duct "A training school for public SER
Vice through assignments of field work.
Investigations and reports. The bill was
Il h. SnnutN. NaArA ard ~
is said ii establishes a competitor of the
bureau Of Municipal Research. The bill
Incorporates l.. ID. Epson. julius II.
Barnes, Isabel u. Allen, William .. Hef-
fernan william II. Allen as such in
stitute.
other bills signed by tho Governor
0ere:
Assembly committee on general laws
measure. amending the real property law
with a view Of making the Torrens land
registration law a little more workable.
Asscmblyman Brennan's bill. making
NOR. stringent the prohibition against
the alleged sale of stock transfer tax
stamps by preventing trafficking in such
stamps without the consent Of the State
Comptroller.
Senator Mills's measure. substituting
q new schedule OF rates Of the inheri-
lance tax and exempting transfers to
a father. mother. husband. wife. widow
or child to an amount not exceeding
5000. II IL expected this will brinG
III an additional 10000 State reve'
nue. each year.
Senator Foley's bill. substituting 9
new method for judicial ~accountings By
committees Of incompetent persona
Senator Boylan's bill. changing the law
permitting an action against a non
resident upon a demand barred by the
law OF HIS residence.
Election Law Changes.
Assemblyman knights measure max
ing general amendments 10 the election
and primary law. The law advance
the primary day two weeks. making thu
primary on the seventh Tuesday insteaS
Of the fifth Tuesday before the genera
election provides that primary booth
outside Of Greater New York shall ope,
at : A. NJ. instead of at 3 +. NJ. an,
preserves the enrolment privilege O
voters who move from one election dis
trict to another within the same Assem-
bly, district.
Senator Burlingc.ne's measure. pro
viding that in any action to recover pen
alties or forfeitures under the publ
service commissions law judgmen
may be asked for the full amount O
such penalties or forfeitures or any sur
less han such full amount. At presen
a penalty OF $1,000 a day is provide
for a violation Of an administration or
der OF the Public Service Commission
and this fine has been prohibitive. Here
after the fine ms be any amount up t
$1,000.
Assemblyman Brennan's bill increas
ing from SEQ to $500 a year the max
mum salary OF the clerk to the Trans
fer a Appraisers OF Bronx and King
counties.
Inheritance Tax Provisi0n.
Senator Mills's MEASURE providing ths
FOR inheritance tax purposes q perso
shall be co~nclusively deemed 10 rave die
a resident Of New York state when sue
person shall have dwelt or lodged In thi
state during and for the greater part G
any period OF twelve consecutive montl
In the twenty-four months next preceG
iug his or her DEATH" and also II b
formal written instrument execute
within one year prior to death sue
Jerson shall have declared as a resider
or citizen OF the State. notwithstandin
. residence outside the State during tw
years preceding death and notwithstant
irg whether or not such person voted {
Gas assessed for taxes in this State.
|, The Governor will give a hearing O
' Thursday morning at IL Las o'clock O
Nssemblyman Brennan's bill providin
for the metering OF water in all houst
In New York city.