Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1880-03-10


9th inst by inserting ground Of appeal the third
reading Of Senate Bill No. 404.
The motion prevailed by vote Of 80 ayes to
noes.
The President presented protest from merchants
OF San Francisco against the passage of Senate Bill
No. 1SS.
MIR. CHASE presented similar petition from F. F.
Lowe and fifty eight others.
Mr.. CHASE also presented two petitions signed by
449 citizens asking the passage OF the Act relating
to foreclosure of mortgages.
Mr.. DAVIS presented petition from $50 depositors
in savings banks at Marysville protesting against
double taxation of deposits.
Mr. PARDEE present protest from citizens
against the Insurance bills.
Mr.. LASGFoRD presented protest from depostors
in savings banks against double taxation of de-
posts.
Mr.. GLAscocK presented a protest from sixty-two
citizens against Senate Bill No. 1888
Mr.. WEST presented a petition from citizens
relative to pensions. Referred to the Committee
on County and Town Governments.
Mr.. Pool presented protest from citizens against
Senate Bill No. lSs.
REPORTS.
Mr.. TRAYLoR, from the Committee on Finance
reported back Senate Bill No. 34I-An Act for the
relief OF Joseph Solomon-with the recommendation
that it be indefinitely postponed also without
omnendaton Senate Bills Nos. Is, H. 15 16, H. Is,
"a and IS.
Mr. BURT, from the Committee on Public Morals,
reported back favorably Assembly No. 97-An Act
to prohibit the sale of intoxicating liquors in the
State Capitol building
Mr.. JOHNSTON, from the Committee on Swamp
and Overlooked Lands reported back favorably
Senate Bill No. 32S; also reported back faveraby
from majority of that committee Senate Bill No.
1858.
INTRODUCTION OF BILLS.
Bills were introduced, read first time at length
and referred as follows:
BY Mr.. HIrrELL-An Act to amend Section 1869 of
the Code of Civil Procedure, relating to administra
tors. Committee on Judiciary.
By Mr.. LANPsoN-An Act to provide for the
management OF the Yosemite Valley and the Mari
posa Big Tree Grove Committee on Public
Swamp and Overfowed Lands.
THE REVENUE BILL.
On motion of Mr. JOHNSON the Senate took up out
of order Assembly Dill No. 4O4-An Act to amend
Sections 1907, 36l7, 1927, 1923, 1929, 363s, 1884,
36l0 3643, $780, 1851, 1862, 1858, $685. 367S, 3679
3717 3730, 1852, 1885, $780, and 3S6l and to repeal
Sections $3.50 and 1857 IF an Act entitled "An Act
to establish Political Code" approved March r.
1872 relating TO revenue, and to add two new Sec
tons, nunfeered 1864 and 1865 (by the minority of
Joint Committee on nevenue and Taxation).
Mr. SEARS moved to recommit the bill to the
Chairman of the Committee on Finance, with
special instructions to insert the following amend
ment to Section 5. line 6, printed BILL after the
word &c March: :" Except money deposited in saw
ings and loan corporations organized under the laws
OF this State"
That part Of Section reads as follows: "He
must exact from each person statement, under
oath setting forth specifically all the real and per-
sonal property owned by such person, in his pos
session. under his control, at twelve o'clock NJ on
the first Monday In March,"
MIR. PARDKE spoke earnestly in favor of the mo-
ton. He exhibited petition signed by $500 fe-
male depostors IN savings banks another signed
by 4, 800 depostors in San Francisco Alameda and
Contra Costa and another signed by 5000 depos-
itors in counties around the bay protesting against
the double taxation of deposits
MIR. WEST opposed the motion, and held that the
petitions were instigated from behind the counters
Of the banks that have hitherto escaped taxation.
Mr.. GLAscocK said that he had exam ned the pe-
titions and found many names in the same hand
writing.
Mr. ZUcK opposed the motion and adhered to his
former position. He said that the petitions were
headed by false statement and that was that the
bill proposed double taxation.
Mr.. CHASE opposed the motion. He thought the
State would be better off without any savings banks
and they ought to be abolished.
Mr.. KANE opposed the motion. He had received
no petitions from his constituents. The banking
institutions OF San Francisco thieving institu-
tions. He was will ng TO pay on his deposit in the
savings bank, in order t make the rich men pay,
too
Mr.. RYAN moveo to amend the amendment by
adding thereto the words ''and otherwise assessed
Mr.. SEARS accepted the amendment.
The motion was lost by the following vote:
Ayes-Baker, Burt, Brown, Carlock Cheney,
Davis, Dickinson, George HIttell, Hudson, johnson,
Johnston, Neumann, Nye, Pardee, Ryan, Sears,
Tray lor, Watson-l9.
Noes-Anderson, Chase, Conger, Epos, Gascock,
German, Harlan, HILL Kane, Kelly, Lampson,
Langford, Moreland Nelson, Pool, Rowell Satter-
white, Wendell. West. Zuck-20.
Mr.. BAKER moved to rec0mmit the bill to the
Of the Committee Finance, with spe-
cal instructions t. strike out Section as amen ed
and insert the following:
"36i0. Corporations associations and Joint
stock companies, having their principal place of
business in this state shall be assessed with the full
rs yalue of their caDtal stock after
therefrom the value of all property assessed to
them in this State or elsewhere Of which such cap
ital stock is the representative, and such capital
stock shall not be assessed to the individual owners
thereof The owners or holders of capital stock in
associations joint stock companies
whose principal place OF business is not within this
State mus be individually assessed for such stock,
and the assessable value of each share of stock
shall be ascertained by taking from the full cash
value of the entire capital stock the value of all
assessed to such corporation association or
joint stock company in this state or elsewhere and
dividing the remainder by the entire number of
shares into which its capital stock is divided pro-
gided, that in order to obtain such reduction the
owner of such stock must produce t, the Assessor
a certificate OF the amount OF the property OF the
association or joint stock company"
The amended Section s. it stood, was as follows:
" 3640. Each person, firm corporation, owning or
having in his its possession any of the shares of
the capital stock of any corporation, association
Joint stock company, shall be assessed there
upon. II the corporation, association or joint
stock company, as its principal place of busi-
in this State the assessabe value of each share
of its stock shall be ascerained by taking from the
market value OF its entire capital the value of all
assessed to it, aud dividing the remainder
by the entire number of shares into which its capi.
tal stock is divided. The holder of capital
stock in corporations, associations and joint stock
whose principal place of business is not
within the State must be individually assessed for
such stock Shareholders, in the statement required
by Section 1920 of this Code shall specify the num-
ber Of shares of stock held by them, and the name
of the corporation. The owner Of shares of stock
to be enttle to the deduction provided for in this
section must produce to the Assessor certificate of
the assessment of the property of the corporation,
or joint stock company"
Mr.. BAKER urged his motion at length, holding
that the amended section, as it stood, was incom-
plete and improper.
Mr.. SArrERwIITs opposed the amendment.
Mr. STARS could not zee enough in the amend
ment to justify the Senate in recommiting the BILL
Mr. NEUNANN believed that the amendment
ought to be adopted, or the bill voted down. He
held the bill as it stood to be double taxation.
Mr. CoNoEa opposed the amenLnent There was
no double taxation in that section.
Mr.. JOHNSON opposed the amendment, as he could
not understand it,
Mr.. WENDELL also opposed the motion. He was
in favor of the section as it came from the Assem-
bly,, but did not want to delay the bill by recon-
initial.
Mr. BAKERS amendment was lost by vote of o
ayes to % noes
the usual recess.
AFTERNOON SESSION.
The Senate reassembled at 1:se p NJ, with Presi.
dent Mansfield in the chair
Roll called and quorum present.
The Senate resumed consideration OF Assembly
Bill No. 40f.
The Secretary read the bill a third time at length
On motion OF Mr. MoRELASD call Of the house
was ordered.
The roll was called and all the members found
present
THB ELL PASSED.
The roll was called on the passage of the bill, and
it was passed by TIE following vote:
Ayes Anderson, Burt, Chase, Conger, Davis,
Enos, Clascock, German, Harlan, Hill, johnson,
Kane, Kelly, Lampson, Langford, Moreland, Nelson,
Pool, Roweil, Ryan, Satterwhite, Sears, Wendell,
West, Zuck-25
Noes-Baker, Brown, Carlock, Cheney, Dickinson,
George, Hittell, Hud. on, Johnston, Neumann, Nye,
Pardee, Traylor, Watson-14.
Mr.. JOHNSON had changed his vote from "no to
% aye, and gave notice of motion to reconsider
the vote by which the bill passed.
SPECIAL oRDBa-IssoLyEScY.
On motion of Mr. DAVIS consideration of Senate
Bill No. 399-the education bill-was postponed un-
til Thursday morning at 1890
The Senate then took up Senate Bill No. 13l-an
Act for the relief Of insovent debtors for the pro-
lection of creditors and for the punishment Of fraud
ulent debtors (by Mr. Dickinson).
The question came on the motion OF Mr. SAfTER-
WHITE that the bill be indefinitely postponed
The motion was lost by a vote OF ayes to 81
mos