The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1874-04-28
RETURNS.


The session of. the General Assembly will
reach its constitutional limit on Thursday,
and cannot be extended beyond that time.
Much business will be disposed OF during
the few days that remain. we note the iol-
lowing. of general interest, disposed OF yes
tcrday:
rus CLAIM AGAINST sELDBN, WrTHERs co.
The following report was yesterday pre-
scented to the Senate and adopted: -,
The joint committee to whom was referred
The examination of the agency OF James
Neeson, ESD, in the matter of the collection
of the debt due the State from Selden, WltE'
srs s. Co., beg leave to report that by the
resolution of the General Assembly OF March
. 1866. the Governor was authorized to APP
point an agent for the prosecution OF sald
claim upon such terms as he may deem rea-
sopable, a copy of which contract Is Dled
with the Board of Public Works; that upon
the goth of March, 1866, the Governor
amounted james Neeson, Esq at an annual
compensation Of $4,000; that the said agent
Immediately entered upon the prosecution CT
said claim, and that he has realized there
from the sum of 04,6l5.2S, and that he has
accounted for and paid into the Treasury
s96, sos. 80, leaving in his hands S7,SoG.6O,
which is less than three years compensation
BIZ the contract by the sum of 81, 1862.
There is still remaining unsettled and un'
collected against said parties an amount
greater than will realize said amount OF
S1.19322.
Your committee would therefore recon-
mend that Mr.. Neeson be continued as the
agent, but that his compensation shall cease
with the termination Of the three years from
the Goth March, 1866, as such, which meets
with his approval, and that he be author
ICED to close up and settle all the remaining
business unadjusted as early as practicable,
and that for such additional services he be
allowed such compensation rs may be agreed
upon between him and the Board OF Public
Works.
The committee find that Mr.. Neeson has
conducted the business in satisfactory man
ner, and that the Slate has, through his ex.
ertiops. realized the amount heretofore stated,
which otherwise might have been lost.
GSigned] II. w. Thomas, chairman Senate
Committee; Z. G. Popham, chairman House
Committee; Il. l.. Montague.
JAMES RIVER COAL COMPANY.
The General Assembly has granted to Ed
win 7. Tony, Julius Ii. Pratt, Thomas Dram,
Henry F. Tony, Thomas II. Dram, and such
other persons as may hereafter be associated
with them, an act of incorporation under the
name and title of the James River Coal Com
o,uy. for the purpose OF mining, purchasing,
preparing, manufacturing, and selling coal,
coke iron. and other minerals and ores, and
NJ Transporting the same and stlch otner
nrnnerty or products rs they may have occa-
sion TO transport for themselves.
The capital stock TO be not less than 1000
sbsres of 500 each, and not more than
40 600 shares of like amount. The company
NAV purchase lands in Hcnrico, Goochland,
and the adjacent counties, and in the cities
of Richmond and Norfolk; the lands in cities
not to exceed ten acres in each; in the coun-
ties not TO exceed 10000 in each.
There was provision in the bill as it
PASSED the Senate "that the taxable pro-
Derty Of said company shall be assessed at
rate not exceeding one-half of one per cent.
for period OF ten years." The House con-
sideripg this feature unconstitutional, struck
it out, and the Senate concurred.
TAX ON SHARES OF BANKING ASSOCIATIONS.
The General Assembly has passed an act
exempting from taxation shares Of banks or
banking associations held by persons not
residents of Virginia; also providing that
the real estate of all banks and banking asso-
Citations shall be assessed with the same taxes
with which other real estate is assessed; and
providing further that the assessor or COM
missioner of the revenue shall ascertain the
value of each share of stock, " dcductiDg
therefrom its proportion of the value of such
real estate, and assess at the value thus ascer-
tanned sucn of the shares as are owned by
residents OF Virginia" The bill also pro-
yides that "no county, city, or town au-
thority shall impose any tax upon shares
in such banks or banking associations
which are owned by persons residing else
where than in such county, city, or town,
and all assessments made upon the shares of
banks or banking associations by county,
city, or town authorities shall conform y to
this new act.