Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1880-03-04

n Just debt due from solvent debtor.
| Messrs. SATTERwHrrE, GEORGE, RYAN and HIETELi
favored the amendment.
Messrs. WENDELL, Exos, CoNaER and Hill opposed
the amendment
Mr. SEARS thought the amendment ought to go il
Section 8.
The amendment was lost by vote of Is ayes tc
| "a noes.
Mr. CHENEY moved to amend Section 3, line 8
strike out the words, "having their principal place
of business in this State" After discussion he with
drew it to add to Section s.
Mr. WATSON offered an amendment to insert in
| line IL, after the word "value," the following
But the value of cultivated land shall in no ease
be lowered TO the price Of uncuitiyated land for the
purpose of complying with this section"
The amendment was lost BY q vote of II ayes to
25 noes
The Secretary read Section 4.
Mr.. BAKER moved to amend Section 4 SO to
give broader meaning To the word 90 credits, and
allow man TO Geduct his debts from his property
as well as from his credits.
The amendment was lost by q vote of ayes to
81 noes.
Mr.. BAKER moved to strike out in line % the
word g solvent"
Lost
The Senate took recess until 7:So Pm
EVENING SESSION.
The Senate reassembled at 7:30 P L., with Presi-
dent pro TEN. Baker in the chair
Roll called and quorum present.
Assembly Bill No. 75-An Act entitled an Act TO
limit and regulate the sale OF mining and other
stocks (by Mr.. Gofey)-was postponed one week.
TAXATION.
The Senate resumed consideration of Assembly
Bill No. 404.
The Secretary read Section s.
Mr.. SEARS moved to amend subdivision G of Sec
tion by adding after the word statement, 'tpro-
vded that no deposit in any savings and loan cor
poraton organized in this State shall be entered in
said State"
Mr.. SEARS spoke in favor of the amendment 1t
was lost by q vote of 10 ayes to 20 noes.
MIR. JOHNSON moved to amend By adding "the
amount of the income received during the preceding
year in OF S5, ,000 which excess Shall be as
sessed as personal property"
Messrs. JOHNSON and SATTgRwHrTE favored IL and
Messrs. CHASE aud ENos opposed it,
The amendment was adopted by the following
vote:
Ayes-Brown, Carlocs, Cheney, Davis, Dickinson,
Enos, George, Hittell, Hudson, Johnson, John
ston, Moreiand, Nelson, Neumann, Nye, Pool
Satterwhite, Sears, Traylor, West, Zuck.
Noes Anderson Baker, Burt, Chase, Conger,
Glasccck, German, Harla Hill, Kane, Kelly,
Lampson, Langford, Pardee, Roweil, Ryan, Watson,
Wendell.
Mr.. SEARS offered his amendment again, to be
put in line @, after the word March,
Messrs. ZUoK, WENDELL, and ENos spoke against
the amendment, and Messrs SEARS and Roweil de-
Tended it. The debate took in the whole question
and covered all the ground heretofore debated.
Mr.. JOHNSON offered the following amendment
Add to Section 8 as follows Provided that when
deposits of money, or the credits, securities or
property not exempt from taxation under the laws
OF the United States, under which such deposits
have been invested, are assessed to any person,
firm or corporation with which it has been deposit
ed, the deposior depositors shall not be assessed
therefor"
Mr.. SEARS withdrew his amendment
Mr.. JoHSSoN's amendment was lost by the follow
ing vote:
Ayes-Baker, Burt, Brown, Carlock, Cheney, Da-
Wis, Dickinson, Bittell, Hudson Johnson Johnston
Neumann, Nye, Pardee, Sears, Traylor, Watson-l7.
Mn md Epnc
Glascock. Gornan, Harlan, Hill. Kane, Kelly Lamp
son, i4angford Moreand, Nelson, Pool, Roweil
Ryan, Satterwhite, Wendell, West, Zuck-21.
Mr.. ENos moved TO adjourn.
The motion lost by vote of 13 ayes to 26
noes
Mr. CARLocK moved to amend Section 5, subdivi-
sion 9, line Al, by inserting the words "and mer-
camille houses after the word banks"
Mr.. BURT moved to amend Section 5, subdivision
g. by striking out all after the word Sta G. Tin line
80 up to and including the word % bank in line 49,
and insert follows 1.-THE Assessor shall have
the privilegeiof examining the books of such person
firm or corporation"
The amendment to the amendment was lost by a
vote of Is ayes to 20noes.
The amendment offered by Mr.. CARLocK was lost
by vote OF Is ayes to % noes.
Mr.. ENoS moved to ad journ.
The roll was called and the motion lost by vote
of 10 ayes to 10 noes
Mr.. fRAYLoR moved to amend Section s. subdlv
sion @, line 42, after the word towing" the words
"but the Assessor shall have the privilege to exam
the books of said banks to verify said statement"
Mr.. TRAYLoR oke in favor OF his amendment
Messrs. HILL and ZUCk opposed it.
The amendment was lost by vote of II ayes to
25 noes.
MIR. LAMPsoS moved to amend by striking out of
lines 40 and Al the worls and the person to whom
it is owing, and insert the words as stated under
oath in aggregate" He spoke in favor OF his
amendment.
Mr.. JOHNSON also spoke in favor of it.
Mr.. HILL opposed it.
The amendment was adopted by vote of "a ayes
to Is noes.
At 1880 P. NJ. Mr.. WENDELL moved to adjourn
The motion was lest by vote of 10 ayes to %
noes.
Mr.. DIcKINsos moved to amend by striking out
Of line 80 the word " solvent"
The amendment was lest by vote of 15 ayes
to % noes
Mr.. SEARS moved to make the bill the special
order for tomorrow morning at 1880.
The motion prevailed by vote OF D ayes to 16
noes.
At 1920 P. NJ, motion of Mr. SEARS, the Senate
adjourned.