Bristol news. [volume] (Bristol, Va. & Tenn.) 1867-189?, 1874-04-21
The Tax On Merchants.

When the huge tax bill had
crawled nearly through The House
and lad been beaten and bruised
at every turn, Mr.. Blair, of Roam
oke, succeeded in having the sec
ton applying to merchants modi-
fed, so as to read as follows:
On every license to merchant or
mercantile firm, the tax to be paid
shall be graduated as folIoSs: 1t the
amount of purchases shall not exceed
$4,000, the specific tax shall be ten
dollars; and for all purchases over
$4,000 and less than 100000, there
shall be paid tax of one half of
one per centum. Upon all purcha-
ses over 500, 900 and less than $780,
900, there shall be a tax of forty
cents on the one hundred dollars of
said purchases in excess of $60,O00,
Upon all purchases over $4,000 and
less than $l00, 900, there shall be
paid tax of thirty cents on the
one hundred dollars of said purchases
in excess of $50, 900. Upon all pur>
chases over 500, 600 there shall be
paid a tax of ten cents on the one
hunded dollars of said purchases in
excess of 100000. The tax i'm
posed under and by virtue of this Sec
ton shall be in lieu of all tax, for
State purposes, Oh the capital actual
ly employed by said merchants or
mercantile firm in said business. The
tax in excess of ten dollars imposed
by this section shall be paid in equal
instaIments on the 10th of January,
10th of April, 10th of July, and 10Th
of October i'll each year; and shall be
collected in the same manner that
license stakes are collected. Mer-
chant tailorS, lumber merchants and
dealers III coal ice or wood, shall
be embraced in this section. But
this section shall not authorize any
such person to sell wine, ardent
spirits, or mixture thereof.
4 Silver TOnged Ulysses.
The Petersburg INDEX AND AP-
PEAL, gives the following curious
kaleidoscope views of the last
hours of the battle in the House
ovel the tax bill, which has crawl-
ed through the House and gone
bruised and bleeding to the Senate :
During the debate to-day, previous TO the
adoption Of the Blair substitute, the section
THAI has been SO loig fought, Air. Stuart
pictured the Importance TO the State, and
to the party Of the passage OF tax bill be-
fore adjournment, &c, and repeating the
story of the Trojan orse, warned tle house
against the Greeks, though they come bear
ing gifts. Mr.. Armstrong was the venera-
BILE Agameunon who says VIC cannot and
must not pay over three per cent, interest.
lie is well supported by the Ajax of the Re-
publican side, MIR. Round, and the stalwart
Achilles of Wythe, Mr., Holbrook, with occa,
sional aid from the silver-tonged Ulysses OF
ldL"cil' NNeOllJ "He edJ . VIC uOi wv my
debt, and by the youthful Diomede Of West
moreland (GrIffith).
Each Ofthe gentlemen referred to replied
in what lie considered appropriate terms,
but never waS the story of Troy more vio'
lently dealt with :han by some of these
| Greeks. For instance Mr.. Cecil said he felt
himself honored to have been referred TO by
the eloquent Nestor as the Ulysses of tn {
war. He (CeciD had fought this Trojan
| horse, the funding bill, and did not mean tC
| allow it to be introduced within the walls o
| Troy, SC. He concluded by remarking thai
he would "yote against this funding bll
Legislation until the hottesi place on eartl
| or beneath it freezes over, and then h'
would fight it on the ice." There is to be NJ
session tonight, as the Legislature will b'
at the theatre.