NEW YORK. 



507 



counties of Hamilton, Herkirner, St. Lawrence, 

 Franklin, K-se\. ami Warren, to bo known as 

 the Adirondack Park, and to be reserved for the 

 e of the people of the State. The Fon-t 

 Commission is empowered to purchase land 

 within these counties, but timber may be re- 

 moved from the same under certain restrictions. 

 l.ea-es may be made within the Adirondack 

 Park not to exceed the term of five years. The 

 Adirondack Park shall be deemed a part of the 

 forest preserve, and the authorities of the fish 

 and Bailie proicctors is extended over the same. 

 No appropriation was made for buying the 

 land. 



A u'etieral law was passed in relation to taxable 

 transfers of property. Another law provides 

 that no deduction from taxable personal prop- 

 erty shall be made on account of any debt for the 

 purchase of nontaxable property; but the 

 " listing bill " failed to pass. The bill taxing 



e\ idriicc of witnesses under oath concerning the 

 value of pro|M-rtv bequeathed ; al.so exempting 

 church property held in trust. 



The money raised from the tax on racing 

 associations was ordered distributed to county 

 fairs. Parachute ascensions at county fairs are 

 forbidden. The extension of highways through 

 the several counties has been allowed. Tn 

 fectcd with the "black knot " shall be destroyed. 

 Commission merchants receiving farm produce 

 for sale shall immediately send to the consignor 

 a statement showing what has been received. 

 The adulteration of maple sugar, maple sirup, or 

 honey with glucose or oeet sugar is forbidden. 

 The State Board of Health shall stamp out the 

 disease of cattle known as tuberculosis. The law 

 relating to societies for the prevention of cruelty 

 to animals was amended so that no such organ- 

 izations shall be formed unless they are approved 

 by the American Society, thus doing away with 



THE STATE HOUSE AT ALBANY. 



corporations for the purpose of organizing was 

 amended so that, if two corporations consolidate, 

 the new corporation shall pay a tax only on the 

 excess of its capital stock over that of the two 

 corporations consolidated. The exemption of 

 American built vessels from State taxation was 

 extended from fifteen to thirty years; but tin- 

 bill to exempt farm lands from such taxation 

 failed, as did also a bill allowing local option in 

 taxation. The collateral inheritance law was 

 amended so that the cost for a decree from the 

 surrogate shall not exceed $ 100 where there has 

 been no contest, or $250 where there has been 

 a contest ; also allowing an appraiser to take the 



many societies that have been organized for pur- 

 poses of blackmail. 



A new banking code was enacted, requiring, 

 among other provisions, that a director must 

 hold at least $1,000 of stock, and that banks of 

 discount in New York and Brooklyn must have 

 a reserve of 15 per cent., and all other banks a 

 re-ervo of 10 per cent. Another law requires 

 that lists of stockholders in banks must be open 

 for inspection by tax officials. The four hun- 

 dredth anniversary of the discovery of America, 

 Oct. 1, 1892, was made a legal holiday. A new 

 law requires that commission merchants shall 

 immediately send statements in writing to the 



