The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1874-04-06
Chamber Of Commerce.

A special meeting Of the Board Of Direct
ors OF the Richmond Chamber of Commerce
was held on Saturday evening to consider
the stamp-tax bill, which was engrosSed in
the Senate on Friday, and to receive the re-
port of the special committee on the propo-
Sition to apply to the GeHcral Assembly for
repeal of the State insurance deposit loan
and establish bureau OF Insurance, and to
act on other reports. Present: Thomas w.
McCance. Esq, (preSident,) Messrs. Thomas
Potts. William B. ISaacS, Thomas Balmer,
john G. Spott, Isaac Davenport, Joseph Il.
Anderson. K. Z. Blankenship, Z. o. Noting,
J. Fl. Montague, j. b. Chiidrey, and L. w.
Pickrcll.
Mr. MeCance announced that the meeting
had been called to consider the subject OF a
communication which be had received from
Sena.or Holl ,day, enclosing copy of bill
imposing q tax on stamps upon contracts.
General Andcr>o on SAID that he thought 1t
all important to sustain the credit OF the
State, and he asked the Chamber of Com
merce whether it would not be best to vote
for this bill, even though it appeared to be
obnoxious. He had voted for the bill while
in the Finance Committee, believing it to be
right to maintain the honor and credit OF
the State. He believed that it was very im-
portant that the Richmond delegation
should vote for the bill, as this city has
always gone in cheerfully and cordially to
bear her share in the taxes OF the State. lie
thought that the burden could not fall as
heavily as was at first believed upon the
cities, and he hoped that the Chamber OF
Commerce would approve of the bill.
MIR. W. Z. Bur~eil, who was present, was
asked what amount this stamp tax would
realize, to which he replied about So37 900
Dir. Davenport said he was opposed 10
the bill, and very much doubted its consu-
tutionality.
On motion of Mr.. Blankenship it was
agreed to refer the whole subject to COM
mlttee of FIVE to report to an ADJOURNED
meeting 10 be held on Tuesday afternoon.
The chair appointed Messrs. Blankenship,
Isaacs, Noting. Potts, and Spots.
Colonel A. S. Buford appeared before the
Board and was allowed TO address the body
on behalf of the Texas Pacific railroad, aud
also to present preamble and resolutions
requesting aid, &C., of the National Govern
ment to this road. and that copy of the
same be sent to our representatives In Con-
gress. The resolutions we're adopted.
MIR. Potts, from the special committee 10
| whom was referred certain resolutions look
| ing to the repeal by the Legislature OF the
| present law governing the subject of deposit
10 be made by foreign insurance companies
doing business in this State, and substituting
| therefore an insurance bureau, reported re-
| commencing that the Chamber Of Commerce
| take no action in the matter, believing as the
| committee does that the law as it now exists
has been OF substantial and material benefit
to the people at large throughout the Safe,
but especially to the citizens Of Richmond.
Mr.. Potts also submitted minority re-
port, signed by himself, recommending the
abolition of the deposit law and substitution
of an insurance bureau in lieu thereof.
The reports were tabled until the next
regular meeting. Adjourned.