Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-02-18

projections and the fact that it enjoyed particular
privileges for which paid did not reey from duties
that il owed, in common with other property. lie was
sustained by the practice omany States that taxed bank
capital in addition to charging bonus The descrp-
tons of property that he proposed to tax, enjoyed Inc
protection of the State equally with those now taxed
The profit derived to the holder greater than the
average received by the former; consequently, the ab
~ TO pay was at least equal TO that Of the property now
taxed 1t could be Justly said that State policy forbid
the imposition of the tax proposed by his amendment
upon their claims to indulgence 1t would be iouha 'ha
the farming had the grant The prosperity, nay
the very existence, of State, was intimately depend
ent upon that Of the Agricuturists-An II the
action of the House 10 be controlled by the I'M
porance to the State Of these supposed rival interests
then every advantage would be given to the agcul-
tural portion of the community. 1t should be recoi.
ected that the farming interest was in very depress-
ed state-t was overaden, and could, with dIlfi
Guilty, sustain its burthens. While he willing to
provide for increase of revenue, he would not con.
sent increase the tax upon those who paid every
thing, while much of the wealth of the State was
entirely untaxed. His proposition was to those
Halls but examination of the statute books of eight
or ten other States furnished the precedents that could
be safely relied He did not offer untried neory TO
their consideration. lie referred them to the practice
of those States, conclusive upon the point of its
practcability which seemed to be the principle urged
against his proposition.
MIR. LEE was at first disposed to favor the amend
ment but further reflection had satisfied him that it
was wrong. He opposed to it. because it created
new subject of taxation, TO which our people
not accustomed Ii would also have the effect of de-
preciating the stock which was subjected To the
tax. Again. stock was not such subject as would JUS
THY permanent tax.
| Mr.. BRows of p was in favor Of the amendment
He could conceive of no substantial objection to it
The burdens Of the Government have too long rested
upon the landed interest.
Mr.. STEPHENSON of T. expressed his surprise that
any Internal improvement man should support this
proposition. It's immediate effect would be 10 prevent
the Investment Of capital in schemes of Internal I'm
provcmcnt.
Mr.. ARMSTRONG warmly supported the amendment,
and called for the and noes, which ordered
Mr.. DoRMAS thought it almost idle to discuss the
proposition. Ii there time, he inclined
to think that tax might be imposed upon income,
which might operate benchcial,y. lie inquired what
would be the amount Of revenue arising from this
amendment The whole profits of the stocks 10 the
State did not exceed Sa1,0j0 Surprising TIA: niiyi-
daa stocks yield much, the tax would be the amount
10 some Saja; amount altogether 100 ns.gn:s cant u
con.i...c Inc time OF tie House.
Ai-. Scorr denounced the principles Of the amend
ment so ar from dscorragaE capitalists .fom nla. :
investments ii WORKS oi' N rnai Improvement. 3; =
IL, pocy = ,ac Legislature enco--gc snc.. n
2ss'...s.ts
H. : .."rs,y VIZ .aoi;aot /, concur !. ,'o -aa2-a
r..s tf@@'i 4. -. Is ,.4eo>a ...' Z, /. -
...g - o5,a. sa.A1s-.~.s ~. e2.e .ti: l:.-
D .....s $. ..,: JAW +, ..t...~r -
=. et .l., '.t
Is 49,. MT +. ''..
t..v ...~..'tc VISA .s2 Htt.. '......
l,,. the Legislature, le -......... *.
;sn,.t ...,. rt...i - impose far, ..'uL
Mr. i...riiEE r. PLACID !" lie ydr.ais - Egg?d
.ra,asl airnducnt-lic conien"ga =, vas -
iI.Iactie. - Law contract to impose lax anon
IL. ..,4
the Charter expressly provided against taxation. lie
denied tina; policy forbade such tax he proposed
he said tia; TO decide polite in the premises; II
would be necessary to go INTO IN examination and com
parson Of the benefits, conferred on the body polite
by the diarrnt classes forms Of property and that
the result Of that comparison would show that stocks
OF no description entitled TO special exemption
from common duty He said that the argume nts and
calculations of the gentleman from Rockbrdge were
confined entirely 10 internal improvement stocks. lie
admitted that at that time they would not pay much, but
hey had paid and would again be profitable lie had
included them in obedience TO just principles, and for
the sake of precedent. He relied the tax on Bank
stock, for all the increase Of revenue to be expected
from his amendment; and from thence would be de-
rived very considerable rcvenue-an income of many
thousands. He said his amendment was important as
source of revenue, but that it was far more import
ant as the ssbegnnng of the end, first step to-
wards just and equal system of taxation.
The roll being called, the amendment was rejected
by ayes and noes follows
.4les-Messrs Wiley, H.skins, Meredith, Bufing
ton Corhn, Brondus, Vaughan, NJ Laughlin, Deskins,
Johnston, Guerrant, Wilkinson, Butts, Tayer of H.,
OdelI, Thompson, Armstrong, Hamlet Davis, Dabney,
Habern, Booton, Caldwell, Clayton, Tnnzey, Chap
man, Wade Harrell, Fitzgerald, NJ Pherson, Cheatham,
Hiner Brown of Preston, Health Radcliffe Strother,
Snlder Smith of r., Shipman, Cowan Bevins, Conn,
TAFT, Warren, Prince Goodson, Walker-47.
Noes-Messrs. Soutlall, (Speaker.) Bayly, Coles,
Carpenter, Byrd, Bnrwe of B., Mitchell, Vandoren,
Hannah Jackson, Jones, Kyle, Irvine, Coleman, Card
well, Cox, Burwc of &. & w. Irving, Roane, Scott,
Woods, Hale, Gather, Smith Of c., Erskne, Vance,
Lee, McRac, Smith of |. of W., Gregory, Stephenson
of j. Worthington, Tayloe Of X. g., Tayoe Of l.. Il
r. Ballard, Beard Ramey, Harrison, Marshall Of H.,
BRYAN, Goode, Boyd, Orrck, Brown of Nelson, Taylor
Of n B, Langhorne Etheridge, VERIFY; Smith Of ~
Hidcn, May, Tunsta Keen, Burner, Porter, Burke,
Dey, Elliott, Robertson, Dornan, Leybnrn, Williams
Ridley, Crutchfeld, Fitzhugh, Spots, Stephenson of
T.. Fulton-6S.
On motion of Mr. ARMSTRONG, the House adjourned.
Correetion- MAY did propose the ryder TO the bill aG.or-
izing the Portsmouth Railroad Company 10 sell the hall Of inc
Weldon Toll Bridge. WAS proposed by r Butts and carried IN
opposition the wishes Of Mr. NJ who subsequently, "a econsi