Herald of the times. [volume] (Newport, R.I.) 1849-1856, 1849-02-15
GENERAL ASSEMBLY.
JANUARY SESSION.
Friday morning..

u'c uoHiis VI lcil dNu PcIsoHd es'ntc-h"
po esa,'x Of 80 cents on every hundr d dol
rs OF the capital stock Of the banks aud o.
every bundled dollars of their surplus Of re
serve profits exceeding four per cent on the
amount of their capital stock, instead Of 2s
cents on the all cunt Of Their ailal stock as
now provided-I surance Companies (except
Mutual and Ii t Insurance Companie-) must
pay tax Of $300-Mutual Insurance Compan-
les wh ch have been uansat ting business for
SO Yeas or upwards $200-Agenc es Of In
surance Companies (cxcept of Life Insurance
Comlan esq $3.50. The sum Of Si0,c 600 is
appropriated to purposes Of education, ard the
remainder to the payment OF the acknowl-
edged deb, Of the State. including debts due 10
the dcpoiie fund.-
Mr.. Ames said the bill would raise a revc
nue of about $4,000.
Mr. Brown should give his opinio, and his
alone, on that tax bill. II was well known
that he had fought tax bill in every shape
AMI manner. He and his party had endeavor-
cd in every way to find cut what had become
of the money .ha, belonged to the State, and
how we got into debt lie said the Wing par
iy he'd the General Government accountable
for every cen, which it expend d. and IN case
it did not SO account it was SAID that il squsn-
dered the peoples money. lie was for apply
ing the same rule here.
Blu, he wished to know, If we were going
to pass taX bill, why not come up bold and
pu, on tax that would mean something, aud
let us pay the debts of the State in two years.
He would 60 for raising hundred thousand
dollars, but no, for such cowardly, sneaking
proposition as this.
4 MIR b. thought that men in the House were
as expert in making tax bills as rome men
were few years since in making Cons,iu-
tions.
\ Mr. Whpplc asked the indulg nee Of the
House hi he offered few reasons which
! would govern his vote. 1t was well known
that sma but veteran band in this llous"
hal been opposed To direct tax and IN favor
of,lxing the banks, and in tins way NEE. the
deficiency the State. But they had not sue
Gee ed in carrying into execution their views.
! When he had called up The bill taxing the
banks, the larty in the minority IN conformity
20 4 cir previously expressed determination to
vote against every bill raisi"g revenue for
the State voted against it, lie told those gen
,cmcn, previous 10 the vote being taken, tha!
they would by v, ting agans, the bill impose
direct tax upon the people of this Sac he
| then ca led up the REQ ntion from the Sc ate.
au,horlz ng The General TIeasur rto withdraw
certain sums of money from c deposlte iind'
| Ih s, too, they voted down, and it has there
|, TO- becom, vldcnt tual the views entertained
! by hin could no be carried oLt THc que.-
| ljon Las nuw ar s?n whether we should vote Il
! direct tx or so, the wheels Of LegislaIlon-
/ la this emergency he lid not require mo-
/ men,'s hesitation on his par, to ''etern ne " al
! 10 DO. tie should 60 now as he ever had
/ one aud shuu d cyntinue to do, for keeping
/ the wheels in motion The gentleman from
4 uml or aud, when lie goes hoac, en- tel! his
/ .ns,luen,> tina, he an his party have, by their
course o. action in this House, imposed The
! II cessity OF passing ,hl, bill.
1 Mr.. Brown thought that if the gentl'mar
from Coventry was not Candidate for oiEce
! he woul MT have gone for the bill.
! Or. Dixon said that lie tel, compelled to
vote against tlc bill lie believed ,hai 1t was
no, necessary that the bill should pass. An
additional five cents on the bank tax would, n
his opinion, meet the deficiency next year ii
the State Treasury. The only object, i
seemed to him, contemplated by pass ng ,ht
bill was 10 impose direct tax, meIeIy for the
SAKE of i'm, oslng a direct tax, or as it has beer
said of breakup the Ice. lie Wa, oPpo ed tc
this object. The people and himself would
vote Tor ..iret tax whenever 1t should bt
made apparent that there was any nee sssl,y
10 raise a revenue in this way. MIR ID. sai'
that he feared that The expense cf the govern
menl would ie increase III COT seque ice o
raising so large and unnecessary revenue
and that tie expens-s would in turn create
necessity for greater tax,
The GU sion being on the passage Of tn
bi |, the vote stood,
H Ayes, 3O-noes, %.
Il The Estimate bill was then taken up an
the House adjourned.
AFIEaSoos.
, An ac, to increase the compensation ot jail
ors. House concur in amendments OF Sen
ate.
An act rel ting to pcrferring petitions I
Gencral Assembly, and an act re- atine to dt
ties upon licensed persons, introduced by Nj
I'Cran,,on, ere read and pa,sei to secon
reading, and referred to committee on Jude
4 AIRY.
Adjourned.