The weekly North-Carolina standard. [volume] (Raleigh, N.C.) 186?-1869, 1869-01-20

rate of its value in 1860, because he co.,,
would deprive the land owners of the pe' afl It
ity ito pay high wages. He supportoS d' y,
amendment upon grounds.of constitutioa'nNe
'ity,i Justice and expediency. ''''al'
Mr. VEST opposed tile amendment and
Thought the most economical way wo",,
he totake the assessment of 1850. wb;ohu~la
/ thought gentlemen would admit was oho ne Z
the actual value now. Talking olu u.
saving taxation, he thought it best 70 sou
ttthe expense OF new assessment.
r MT. FRENCH said the bill had been ~.
pared with great deal of care, and a te.
: consultation with gentlemen who have b"a
the most to do with the collection of ta ,au
1or years past. These gentlemen urDe tEs
: passage. OF the bill on the grounds that th e
gentlemen fIom Caswell opposes it. Ask
1 II the land was not worth as much nov 5
greenbacks as 1T was then in gold he san
the argument that land is yaIneloS. 'a'u
made by men who said the emancinat;on way ~
the slave would ruin the country
In 1860 cation brought twelve cont.
pound IN gold. Add to that fifty Der c, pei
Ior the depreciation of the currency oon1' Cit
10 cents per pound in greenbacks for se daas
IN 1850. He argued that, as ma,ts s'on
business, the shareholders could raise o".. OF
now cheaper than they could with syana Pm ""
DOT, ana that the reason farmers are mot 80, Ia
King fortunes every year is because NJ oa "la-
,aiiare OF the crop, not because lah~,
liSn: Ihere is scarcely a cotton farmor 10
tic State who has not this wear made ~
much with the money invested as man 40
any other business. The lahorino man
know the land needs them as much as thon
require the land. fs ''
MIR. INGRAM opposed the amendment. In
ms neighborho"d the average valuation in
lo6O was about $3.50 or s. per acre. In
1868 they were assessed at 80 cents an acre
This was far below the value, because he had
offered from So to $5 per acre Tor these
lands and had been unsble to purchase.
Mi. BLAIR opposed the amendment In
1858 the assessment was not uniform in anv
two counties In some localities the land
was valued at about the same as it was in
1861; In Others at about half that. Lands
worth $40 an acre were assessed at so cpntO
an acre, and 1t would be more lust to ta.a
the assessment OF 1860. a
MIR. MALONE offered an amendment r.
curing new assessment and spoke in sur.
port of the amendment.
MIR. FRENCH said it was necessary
get revenue bill through as quickly as p,s-
slble, IN order to enable the payment of 4,
interest on the public debt. The reou;r..
ment OF new valuation would embars
| the raising of a tax quickly. This tax bin
when passed would be collateral secuitv
upon which the Treasurer could bouoE
| money.
Mr. JARVIS suggested that under section y
Il every man who thought his land asse
too highly could 90 through the long CO
there provided for before the morey l
be collected. sr fsf.
Mr.. ESTES replied there was no prov u.
in this bill to collect a tax before mex. g.
tober. 1t was provided that any maj rr
applied for new assessment shouN
the expenses in court, and men woA g.
commence suits at their own expense
there were great injustice The State acted
from 1860 to 1868 under the valuation of
1860. The present Treasurer and Mr.. Battle,
the old Treasurer, tell US there never was so
unjust an assessment as that made in 1868
The committee thought the assessment of
1860 more just now than that of 1868.
This opposition was expected from the
large landholders and from the Democratic
party. He asked if the large landhoIder
should be allowed to hold his land idle
without tax and keep it from the poor men,
to descend to the third and fourth genera
ton. If these men would not allow the
land to be sold to poor men, SO that the
country would be built up, let them paw
for it. m f.sH
MIR. BOWMAN favored the valuation OF
1860 generally, but cited cases in which it
would not be equitable. In one case tract
of land in his neighborliood sold for S. dol
lars an acre in 1860, which had since sold for
several hundred times that amount, because
of the building of a town there.
Mr.. ARGo said the Constitution required
taxation to be upon the true value of prop
erty, the property of the State is worth about
One-third less than it was in 1860, without
considering the depreciation of currency,
and it is not discretionary with the Legsla-
ture toput the valuation of 1860 upon it.
Mr.. FOSTER estimated the cost of cotton.
by which itappeared there is an advantage of
one third in favor of the man gro wing cotton
now over the man who grew it in 1860. With
| the markets so much in favor of the present
time, there was still an allowance made for
the depreciation in the price of land by the
fact that it Is now taken in currency.
Mr.. ESTES moved to pass the first section
over until to morrow, and called the previous
| question on that motion.
Mr.. PoU demanded the yeas and NAYS on
ordering the previous question. aastf
The Speaker said the previous ruling had
been that the yeas and nays could not be
demanded on ordering theprevious question.
He reversed that ruling under the Constitu-
tion a,s 4Fr s.,..,3
The yeas and nays being taken resulted
yeas 2e, nays sc. So the previous question
was not ordered. - 9,s
The question required on postponing the
first section until tomorrow. 4ssl
MIR. ARGO offered the following substitute
for the section 81, Isl
There shall be valuation of all the taxa
| bic lands of the State in 1869, and annually
| thereafter until the valuation of 1871, and
| every five years thereafter, and the valuation
so made shall stand during that period, I'M
less altered as hereinafter prescribed. The
personal property shall be valued annually
as hereinafter prescribed. 81 SIS
The motion to postpone prevailed.
On motion OF Mr.. CHERRY the vote by
| which the bill to amend an act entitled the
Code of Civil Procedure passed, was recon
sidered. -, -..a.f,is.,, ~
% The vote by which the amendment of Mr.
Bowman was adopted onyesterday, was re
considered. 81, 5l...t ssts; ftal z.f.,, !.
/ On motion of Mr., SEYMOUR, the amend
ment was amended by inserting alter thu
words superior court the words, "orI an!
notary public, commissioner, of deeds or jus
tice of the peace allowing those officers t.
take privy examination of .fsrnes couert tc