Vicksburg weekly herald. (Vicksburg, Miss.) 1868-1883, 1878-02-08
The Clarion Entertainment - Several
Speeches.
Special to the Herald
mississippi Legislature TWEEN
ByssecOnd bay.
JACKSON, Friday, Feh. !, ls7s.

JACKSON, Friday, Fe'. |, lS1S.
Senate met; President Reynolds in the
CHI air.
Prayer by Rev. DR.. J hn Hunter.
Roll called Present-Messrs. Barry, Bills,
Bridges. CalliCGtt, Carter ist District, car
ter, 9th District, Cowan, Currie, Dowd, Far
ish. Fitz Gerald, FnOte, Furlong, Gayles,
Gibbs, Gilbert, Griffin, Hooker, Jackson,
King, Lanneau, LOwrance, McCask'll,
Mont ,omery, Morgan, Oldham, Pratt, Rey-
nOlds, Rogers, Terry, Thompson, Vance,
West. Ab,ent-Messrs. Allen, Fewell,
Peery.
Journal Of yesterday read and approved.
On motion OF Mr. Rogers, the privileges
OF the Senate were extended to Judge
Hugh X. Martin during his stay In the
city.
BILLS RE.coMMlTTED.
Mr.. Montgomery called up his motion
made On yesterday, aud entered on the
Journal, to recOnsi 'er the vote whereby
the Senate indefinitely postponed ''an Act
TO provide for sales under Judgments on
mcchanics' liens" The motion TO recon.
slider prevailed, ard on motion Of Mr.
Montgomery, the bill was re-cOmmitted to
Jud ciary Committee.
Mr.. Morgan moved 10 reconsider the
vote taken on yesterday, whereby the Sen
ate indefinitely postponed IAN Act to
amend sec. 2li3 Of Code, as relates to eX.
emptiOns OF property by dsbtOrs leaving
This state" which motion prevailed.
On motion Of Mr.. Morgan, the bill was
referred 10 the Committee on Agriculture,
30 = meice and Manufactures.
REPORTS OF COMMITTEES.
Toe Committees on Judiciary, Militia
Coup jrati0ns, made reports.
An IMPORTANT MATTER-PRoPosED IN.
vEsTIGATfoN OF II MOBILE AND
OHIO RAILROAD COMPANY.
Mr.. West offered "Concurren Rcsolu.
tinns touching the liability OF the Mobile
aud ohio Railroad Company to this State
tor taxes, and otherwise" which were
read. Mr.. West gave a clear explanation
Ut the resolutions, and tIey were referred
IT, a select C mmitiee OF three, composed
Of N ssrs. West, FuUte and Parish. These
resolutions involve several hundred thou
sand dollars u the state Of Mississippi.
Tue resolution, a . given In iull, to-wIt:
Nv u sKEAs, section 3 OF AZ Act to In.
cOrpnrale the Mobile aud Ohio Railroad
nrn. Ia, .rLat " enever any portion Ut
asIu railroad shall &c completed through
this state, ri Is paying an interest 81
eight per cent per annum on Its cost, ana
not before, such portion may he X The
same percentage and no more upon the
capital expended, IN the CONSTRUCTION
thereof as lands III this sta c shall b.
taxed
And whereas, Said Mobile and Oh
Raj road Cumpary has ueye. reported the
cost Of the construction ~ lts u or It's
eArnit IS. to the state Of Mississippi, OF
any percentage that ha Teen realized
firm It's operations, and thrr' Is no guar
antee that II ever will 80 report. even
should it's earnings exceed eight per cent.
per annum;
And whereas, The cos OF said Mobile
and Ohio Railroad - mt 10 be esttm nteu
by the amount Of the bonds, mortgages and
u t,s which 1t nOatcd Lefire, curing and
since It's construction, but by tn aciual
cost IN money;
"AnI whereas, The daily earning power
Of sail railroad renders the company bet
Ter able u pay taxes than the people;
And whereas, II Is believed tEaL the
present earnings OF said road pa! more
than eight o. per cent, on the cost OF Inc
same, u the present owners;
.And whereas, II is the duty Of the Leg
lAlatute Of the state OF Mississippi TO SO
= regulate taxation, that its burdens shall
: fall equally upon all the property within
"And whereas. The Mobile and ohio
Railroad has been taxed on its rOad.bed,
aud on its lArds, and the Company has W
I terly refused u pay such tax, aud SUITE
ave been pending 10 the Courts agalnsl
! said rallr ad for said taxes during the pas
three years;
"Apd whereas, The said company has re
fused to pay TIE S20O, 900 C~hickasaw schoO
Fund borrowed By II from the stat o
"And whereas It refu 'es to pay the In,
. terest that has accrued on the same OIL
any part thereof
%And whereas, II is the duty Of the Leg
feature OF the State OF Mississippi to In
A form itself rs accurately as POSSIBLE re-
a specting the amount OF X 10 De realized
: from said railroad, the progress oil the
suiIs above mentioned, and other natter
r of ,terest pertaining 10 the relations sus
c tanned by said railroad y the State OF Mis-
i sissippi; therefore
',Be it resolved By the Senate OF thu
: STATE OF Mississippi, the House concur
d riug), That a joint committee Ct tw(
Y on the part Gf the senate and - on th'
/ pWr. ofthe House, he appointe !, w5's'
duty IL shall be t. ascertain the Actla
en- [ Of the construction IT said Mobile
G and Ohio railroad the annual earnings o
n the same since ls,i; the dividends, II any
a ever paid, In stock or otherwise tn
Z amount ~oftRXes for which the road wa
liable ON its rOad.bed, and lands last year
o the amounts involved In the suits nos
pending against said road, AMI what por
! lion OF said road.bcd and lands arr
" covered by those amounts what progress
= has been reached In said suits; VIVA
; propositions, II any, have been offered b,
Is said road t, induce a withdrawal OF sal
suits. aid whatever else pertaining to to
interests OF the state OF Mississippi ina
= lue Legislature Should know, L" eLabie !
= Ia mcie OF, cqIsl Justice T. ali IN the In
q position Of taxes Tor the support OF In
e State Government: 70 collate the facts al
n tanned, aud report the sam ~ the Legs
~ ialurc rs speedily as possible.
i BE it further resolved, ThAt ~ orde
G that SAID Committee may be able T. 0Otai
Z. accurate and ample information on tn
points enumerated above, Il shali nav
power to send for persons anu papers, l
II enforce the atten lance OF Witnesses an
If, in their Judgment, necessary, to We.
~ the headquarters # said Mobile anu Ohi
Railroad Company
NJ EXECUTIVE CONTINGENT FUND.
message from the Governor submitte
e his report Of the disposition OF the Excel
Il tive Contingent Fund. The reeapitulatio
shows: