Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1843-03-16

frci bonus for banking PRIVILEGES TIE rights Of tno
stockholders arc vested ana they have paid the fl:
price in the way Of bonus for their privileges yet the
right Of tic State TO tax dividends from Bank stock has
never been questioned; but, the contrary is asserted
aud pracsed in the most of the States OF the Union.
The income from sisc bonds lrnm Bank toesf from
private bonds---a rest upon The same principle; and,
whilst h- Legislature cannot reduce tho rate of nte-
rest on either If the classes. il may tax tie income
from either source just as properly and constu oaaly
a. tax The income from land which it has sold,
or any other property Il la. once sold When the money
received from any description Of bonds comes into the
owners possession property that may be taxed The
money derived from State bonds is in wise different
from money received from private bonds-is not kept
separate not consitu.ionaly protected from the fate
o! al other money, and eterRaily kept separate When
gets .o Tic oaners pocket, it is liable TO all The bur-
thens imposed mon ether money The objection is not
sustained By The practise Of other State by
and analogy. IL the Legislature should tax uaequaliy
and nniu,tiy it would De in bad falkland highly be
aepEccacdbu should the Legislature tax any interest
too heavily and uHju-tiy il would be in as bad faith
and would in either case, be coptsca.ion OF private
property
Mr.. ANDERSON disliked to hear alnsons made to the
political sectional feelings Of the Slate. IL was
useless to enquire who had created the debt. We had
IN coming here this winter, found this debt exist
ence, and it the duty Of all Of us to prepare 10
meet IT, and save the credit Of the State Was il pos.
sibe to carry out the opinions OF every Of the l
members of this House? MIR. A. thought this bill was
as good one as could be framed. Mr.. A. proceeded
TO all the objections that had been raised to this
bill. The tax slaves had not been advanced as
much the tax on lands. Nearly oil the States North
OF Us have imposed tax upon State stocks, and why
should not Virginia do the same' Especially, as no
one has been more benefited by here than
The holders Of these same State bonds which, since
the meeting of the Legislature have risen some per
cent and, IT we impose the proper taxes will rise
above par value
Mr. McRAs re enforced the views of Mr. Lewis as TO
the tax upon State bonds MIR. AlcR thought that tho
view should be taken of the tax upon Bank stock
He should vote against this BILL not because we have
rejected the land money, nor because he opposed
to an increase OF taxes but because he opposed this
specific b-he thought better one could be framed.
Mt GALLAHER thought it unkind in the gentleman
from Halifax, after having voted yesterday against the
rngrossmen;, 10 read second lecture against those
who intend voting against the bill MIR. G.. opposed
TINS Dill on account III It's grossly uDu principles.
Mr. g. proposed ryder, which was engrossed as fol.
lows "Ben FURTHER enacted, That the tax herein pro.
vded to be land upon the salaries of the officers of the
State Government, shall be deducted by the Auditor
OF Public Accounts, quarterly such period as such
saiares may become due and payable and the COM
mssloners of the revenue in listing taxable subjects
are hereby directed TO omit such salaries in their
lists
Mr.. WooD, in order 10 relieve himself from the
charges made against his party and himself of the
waste of time; moved the Previous Question, which
was sustained-ayes 81, noes Al.
Mr.. BIRD of Pendleon, called the ayes and noes on
the passage OF the bill and RYDER which were passed bv
the following vote:
.7yS-Alessrs. Hoeman, (Speaker) Aworth, Gus
LIS, Randolph, Leake Of Albsmare, Mann, Cooke
Powell Of Amherst, Brooke, Frazier, Byrd of Bath.
Wilson, Tavenner, Stanton Meredith, Bck, HUBBARD
Bocock, Dennis Hancock, Goodwin, Powell Of Fair.
fax, Smith of Fauquer, Stockton, Deskins, Taliaferro
Muse, Wood, French, Leake of Goochland, Carroll,
jones, Edmunds of Halifax, Sova, Blue, Ward, Bas-
sci, Smith OF Harrison, King, Davis of King IL Queen
Halves, Gibson, Marshall, Banks, Kldwell, Martin,
Nicolson, Jlgss, N0rlhInglon Tanzey, Adair Wade,
Hopkins, Brown or Preston, Anderson, sturm, Braw
ner, Burwe, Deneue, Cootes, Ga,ewood, Tate Spark,
Hedgman, Spots, Henry, Goodson, Neal and Left
wich-74.
Noes -slessrs. Wing6eld, Mitchell, Newkrk Snod
grass, Moore of Ca5eil and Wayne, Toler, Nown,
Lacy, Broadns, Irving, Brown Of Elizabeth City and
Warwick, Garnett, Payne, Robins, Ca!well, Miles,
alcRac, Bowden, Gallaher Worthingion, Parks, Wal.
lace, EdmonGs Of Lancaster and Richmond, Stonrs
Carter, Gray, Miller Of Loudorn, Miller of Mason and
Jackson Dyche, Cabc Taylor, Watts, Yerby, Oliver.
Cr',z, Boiling Tamaa, Dey, Sroher, Daniel of Rich
mond City, Moore oil Rockbrldse White of Rockbrdpe
Kane, Cru,chfeid, West and Lcws-46.
The House loIk UP The order Of the day, being the
bill increasing the tolls on the james River and Ka-
ma VIVA improvement
On motion OF Mr. CguTcmFiELp, the bill was amend
ed; and an amendment Of Mr. EpMUsDs of H., 10 re-
duce the tells from cents to cents per ton of 1000
pounds per mile, being under consideration, Mr. Be-
moved to lay the bill the table, and make il the
order of The day for half past 10 tomorrow, as the
House was very thin. The House agreed to said mo-
lion.
Leave OF absence for the remainder of the session
was ersnisd to M0ssrs. bonnet. of P,tsy lvania and
Williams of Shenandoah.
The b'll forming a rev county out of parts of the
counties of Buckingham, Prince Edward, Charlotte
and Campbell. was read The blank for the name was
filled with tha. of "Appoma,tox; and on motion, the
bill was laid on the table
The engsosssd bill. releasing The Common wealth's
right 10 certain lot of land Mary Roper, being on
its passage, !, was supported by Messrs DANIEL Of r.
G, ANDERSON, and WoErnIscToS and opposed by Mr.
SrovALL, who called lac ayes and noes. The bill was
81, noes "a.
The resolution Of Mr.. BLUE, that after to morrow
the Speaker will vacate the Chair half past o'clock
and resume it again at o'clock called up by Mr.
Anderson
Mr. Blue called the ayes and noes 1t was carried
ayes SO, noes 81 And the House adjourned