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April 11, 1924

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Headlines from April 11, 1924

TAX BILL IN SENATE WITH MINORITY PLAN; Substitute of the Democrats Proposes Surtax Maximum of 40 Per Cent.

By Special to The New York Times

Com reports bill; details of surtax rates proposed in substitute measure offered by Dem members, with comparison of revenues under various plans

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CITY TRANSIT BILL PASSED BY ASSEMBLY; SENATE WILL CONCUR; Final Action Is Assured on Compromise Plan Which Will Then Go to Smith. CRAIG MEASURE DEFEATED Assembly Kills Measure Exempting $75,000,000 for Transportation From Debt Limit. HYLAN ACCEPTS THE PLAN Wires Eleventh Hour Appeal to Speaker Machold for Further Concessions.

By Special to The New York Times

provisions of bill passed by Legis; Craig expresses disappointment at defeat of Towney-Taylor bill authorizing exemption of city's debt limit to finance subway construction; Machold explains opposition to proposal; Hylan accepts compromise bill reluctantly, denies break with Delaney or Dem legislators, appeals to Machold for enactment of amendment for bond issue; Repub Assemblymen call compromise a great concession

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