The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1867-02-20
General Assembly Saturday.

The greater part Of the Senate's session
the bill to provide for the obligations Of
the State. Speeches were made by Sena-
tors Keen, Lee and McRae, at considera-
Bile length. Early in progress Of the dis
cussion, vote was taken on the substi-
tute proposed by Senator Lee, and it was
rejected, receiving only one vote. The
substitute proposed by Senator Meade re-
ceivcd a similar fate. A proposition by
Senator Ould to make the rate Of interest
six per cent from the date of resuming
payments Con the two-thirds of the debit
instead Of graduating it from four to
seven per cent. during the first ten years,
received only four votes, because Of the
unwillingness of the Senate to impose
tax as high as thirty five cents on the 500.
But before arriving at any vote on the
main merits of the question, the Senate
adjourned.
Senator Gray introduced resolution
looking to the adjustment of the militia
officers trainings. A Committee of Con-
ference was appointed to consider the dis
agreement between the two houses on the
bill for the New River improvement.
The bill reported from the Committee
on Finance amendatory Of the act in re-
lation to the collection Of taxes is meas
ure of some interest. It requires that
each sheriff shall give notice and attend
at the court house Of his country or cor
poration and at least one Of the most pub
lie places in each magisterial district in
his country on some designated day, for
the purpose of collecting taxes for the
current year. All persons who pay taxes
to the sheriff, in accordance with this no.
tice, shall be entitled to deduction of
five per centans On the amount of their
taxes respectively. The bill is similar to
the law at present in force in North Car
DINA and some other States.
HoUsE.-Several resolutions and petit
tions were presented and referred. Senate
bill to regulate charges Of telegraph com
panies in Virginia was rejected. A num-
Der of bills were passed-among them
one to employ an engineer to attend the
heating apparatus in the Capitol. The
bill to incorporate the Covington and
Ohio Railroad; and the bill to provide for
the completion Of line Of railway from
the seaboard to the Ohio river, by facili-
tating the construction Of the Cumberland
Gap Railroad, were postponed until Mon
day. The Committee Of Schools and Col
leges presented joint resolutions ofthanks
to Mr.. George Peabody, for the munifcent
donation $4,000, 600, which he has made
to the cause Of education in the South
House bill to consolidate the debt of the
State, and to provide for the gradual pay
ment of principal and interest, was taken
up and read the second time Mr.. Crump
advocated the adoption of the bill atlength,
and at the conclusion Of his remark s Mr..
Seawell offered substitute for the bill,
(Which is the same proposed in the Senate
by Mr., Meade on Friday when the fur
ther consideration of the subjuct was post
poned until to- day.-Richnond Enquirer.
Taxes.
The Committee Of Ways and Means will
report at an early day, in the United
States Congress, the internal revenue bill
The leading idea is radiance of the tax
on manufactures at the earliest possible mo-
ment. The present government want for
bids this Immediately, and hence the partial
action. Articles entering largely into the
present cost Of living, such as salt, leather,
cooking utensils, scales, engines clothing
made from taxed staples, are exempt.
Many articles now paying 2 per cent, such
as glue, wagons used for farming, butter
and cheese are exempt. A section is added
refunding the amount paid onraw material
entering into the manufactures. Many ar
ticles are exempted because the expense Of
collecting exceeds the tax. Boxes, bottles,
barrels, the contents Of which are taxed,
are exempt. The Gotten tax remains IN
chaged, The tax on cane sugar is placed
at uniform rate Of one per cent per
pound. The liquor tax is unchanged, but
license for distilling is increased from
s100 to $500. Oscillations from apples
and peaches are free; grape brandy so
cent per gallon. Incomes under $1,000
are exempt, and those in excess ofthat are
taxed five per cent. Rent, taxes, insur-
ance and repairs are to be deducted from
incomes, making the average exemption
81 500. Violation OF the distillery law
is punishable with fine and Imprisonment
ofnotless than two nor more than ten years.
Liquor sold at less than tax is to be seized.
The vote rejecting the Bankrupt bill
has been reconsidered in the Senate, and
the bill again placed on the calender.