77 2 Gubernatorial Messages 



fertile a source of friction between the city and the 

 country. 



There is a constant influx into New York State 

 of capital ofttimes previously incorporated under the 

 laws of other States, and an increasing number of 

 men of means from other parts of the country, non- 

 residents of New York, come into this State to so- 

 journ and to conduct and be at the head of various 

 business enterprises which are drawn to New York 

 as the financial centre of the whole country. This 

 calls for legislation which shall provide, in a broad 

 and fair spirit, for taxing foreign capital in this 

 State, whether in corporate or individual form, ex- 

 actly as we tax domestic capital doing business along 

 the same lines. 



I call your attention to the fact that the great 

 burden of taxation is local, not State. In the large 

 cities the heavy local charges are mainly due to the 

 action of the local authorities themselves. For this 

 the local authorities are of course responsible. But 

 sometimes taxation is added to by legislative enact- 

 ment. 



On certain points the failure of the tax laws has 

 become so evident that it is possible to provide more 

 or less complete remedies without waiting for a gen- 

 eral scheme of reorganization. Again and again in 

 recent years this has been recognized, and through 

 legislative enactment certain species of property 

 which had escaped taxation have been made to pay 

 their proper share of the public burdens. The col- 

 lateral inheritance tax offers a case in point. The 



