Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-03-04
THE GENERAL ASSEMBLY.
Proceedings Cf Monday, March
Ist-Adj0urnment.
The Rev Revenue law.


senate.
NASHVILLE, March !, 1863.
The Senate met to-day, Speaker Mel
son in the chair. The calling Of the rol
was dispensed with.
THANKS.
Mr.. Underwood offered a resolution
rendering sincere thanks to Speaker
Nelson for his ~punetuality and efficiency
as a Senator and especially for thst i'm,
Partially and courtesy uniformly man
ifested to his confreres while acting in
the capacity Of a presiding officer. Also
rendering thanks to the clerks, door
keepers and porter and other officers oil
the Senate. ALEC to the chaplain for his
faithful services during the session OF
the Senate. Adopted.
ADJOURNMENT.
Speaker Nelson, before adjourniug the
Ssnate, returned thanks to the Senators
and officers for their continued manifes-
tstion OF courtesy and p~oliteness toward
him. L hope, said Mr.. Nelson, that we
may return home and receive the fond
embraces and welcomes Of our families,
and that in the future we may have
peace, happiness and prosperity in our
country as we have had in the days of
yore. He then declared the Senate ad-
journed sine die.
House.
The House met st u M, Speaker
Richards in the chair.
Mr.. Shepherd moved that the uss of
the Hall be granted for the Rspubl can
State Convention which meets May 22i.
Mr.. Williams, OF Smith, moved to re-
consider the action OF the House on the
Senate revenue bill. 1t will be Temem-
bered that the bill came from the Senate
on Saturday last, when a motion was
made to appoint q joint committee Of
conference TO take into cOnsid Grafton
what was regarded by some members Of
the House as an Objectionable provision
to the BILL
The emotion to reconsider prevailed,
and the bill with the Senate amend
ments passed just before the motion to
adjourn sine die.
The bill is now a law. The following
is the text in full
SECTION l. Be 1t therefore enacted 5y
the General Assembly of the State of
Tennessee That an act passed March
ID, 1868, to amend the revenue laws Of
the State be, and the same is hereby
amended so that on all merchandise pur-
chased for sale by merchants q tax of
one and one-half of one per cent. shall
be assessed on its invoice cost st the
place where purchased, unless the tax
on the same has once been paid to the
State, in which case no additional tax
shall be PAID.
Sec. 2. Be It further enacted, That
the tax referred to Ia the first section
OF this act shall not be levied upon or
collected from any OF the products, or
any article manufactured within the
State from the products of the State of
In the hands Of the manufac-
turer or producer.
Sc. 3. Be It further enacted, That so
much OF said act of March ID, 1868, as
refers to express wagons, dfsys, transfer
wagons and carts, shall not be construed
to include vehicles ether than wagons,
1rays and cars regularly in the business
Of expresssge and transfer all hacks,
carriages or vehicles run for pay, a priv
Ilege tax OF five dollars.
Sec. 4. Be 1t further enacted, That
five ef the said act OF March Is,
1888, so for as said section relates to bro
of real estate, be amended SIS fol.
lows Brokers of real estate, including
al contracts for rents or sale OF houses or
-ands, carried OF as g regular business.
either for pay or commission, shall be
a broker of real estate, and shall
pay a privilege tax Of fifty dollars, and
Of n per cent. on the COM
derived from such sales or rents.
And any person or persons c~OntrRvening
OF the provisions Of this sct shall
orIeit and pay to the State not less than
ifty MOI more than five hundred dollars
or each and every offence, at the discre.
ion of the court, to be recovered in the
lame of the State by the Clerk of the
Court Provided that owners of
estate or houses and lands shall not
De deemed brokers; nor shall admins
ratoTs doing business in the settlement
Il estates, nor guardians doing business
or their wards be included in this act.
Sec. 8. Be U further enacted, That so
much of section 5, chapter 70, of the acts
1873, as impose a privilege tax of
twenty-five dollars upon " retail dealers
q spirits, wines, ale, beer or other malt
be so amended as to impose a
tax Of q hundred dollars upon
III dealers in spirits, wines, ale, beer or
'ther malt liquors, in addition to the
resent taxes GA merchants, and the duty
taking out lioense.
Sec Q. Be it further enacted, That sec.
ion 5 Of the said act OF March Is, 1868,
q SO far as the same relates to, or affects
xpress companies, be amended as fol-
Ows, to wit All express companies shall
axe out an annual license, and pay q tax
OF five hundred dollars, where
be distance over which their lines ex-
end is n hundred miles or less; and
Ehen their lines extend over a distance
2 .1rn Eh-, 49,. L.-l~-I IL -
ak shall be 4 thousand dollars and
ny express company which has taken,
r may take out @ license, and pay the
ak provided for In this act, shall not be
by any county or corporatiOnin
his State to take out any other or addi-
lonsl tax for the privilege of conducting
g business in such county or corpora
Ion,
Sec. z. Be IL further enacted, That Sec
ion 5 Of said act OF March Is, 1858, In SO
Ar as the same relates to or affects tele-
companies, be amended as follows,
0-wit All telegraph companies shall
AXE out 3 semi-annual license on the
rst days OF January and July in each
ear, and pay a tax therefor of two hum
red and fifty dollars and that the tax
nall be in lieu OF all other State, county
municipal taxes.
Secs. Be IL further enacted, That the
comptroller of the State OF Tennessee is
ereby instructed to inform, by circular
otherwise, ali County Court Clerks of
State of all changes Of law pertain
lg to the revenue and finance of the
tate, as such laws are amended, made
r passed.
Sec. 9. Be ii further enacted, That no
ax shall hereafter be assessed upon the
spitsl OF any bank or banking associa-
on, or other joint stock company, Or
an;zsd under the authority of the State,
r Of the United States but the stock
Olders in such banks and banking assO-
or other corporations, shall be
ssessed and taxed OF the value of their
Dares Of stock therein. Said shares shall
inaIudad in tho valuation IF fho pcr-