Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1882-07-27
MR.. WILSON on BANK TAXATION.

The House of Representatives, having
under consideration the bill to reduce
internal revenue taxation, on Friday
last, Mr.. WILSON, of this district, in the
course of a lengthy speech, said:
1.-THE Government continues TO i'm
pose high taxation upon banks the result
viii be that that the people must con-
tinue to pay high interest, and we can
not expect to be relaxed in that regard
until we in some way get proper relief.
Mr.. Chairman, i desire to read the
following letter as an expression of pop
ular opinion upon this subject in the
district which have the honor to rep
resent. 1t Is signed by the distinguished
Democratic Governor of the State, and
by other prominent, intelligent gentle
men of both political parties. Demo-
Gratis and Republicans united in express
ing the opinion that this bill should be
passed:
WHEELING. W Va, June II, 1882.
SIR: The bill embOdying the reduction
OF the tax on banks and bankers, and the
abolition of the check stamp, seems TO be
laid as de and almost forgotten by Congress.
The session is probably nearing its close,
and this burden we have been suffering I'M
Justly for years seems likely to remain I'M
less our Representatives take prompt &c
ton in the matter.
To one so well versed as yourself in all
that pertains to the welfare OF the country
at large, and our State in particular, it
would be useless to enumerate the adyan-
tages that would accrue from and the ne
ceSSity that demands the repeal OF these
OnerouS duties.
Congress itself by refunding the Govern
ment debt at astOnishingly low rates of in
tereSt has established the precedent for
cheap money which now prevails among
US, rendering the business OF banking I'M
profitable, We would beg you TO consider
that this semi-annual duty on banks is vir-
tually tax on q large portion OF your con-
StituentS. The removal OF an oppressive
tax on, say, fifteen hundred stockholders in
this district could not fail to impress them
with a sense Of profound gratitude toward
one who should apply his influence in that
direction.
Allow US to ask that you urge this mat
ter to a conclusion during this session Of
Congress.
And we remain, very respectfully,
Bank of the Ohio Valley by +. 2. Jepson,
Cashier,N VIM, A. Isett, President, w. B.
Simpson, Vice President, J. A. Mil'en. Di-
rector; The Exchange Bank Of Wheeling
by John J. Jones, Cashier, Simon Hork-
heimer, Director, J n. Vance, President
WA. L. Hearn; The Bank Of Wheeling by
&. Lamb, Cashier; Commercial Bank by
s T. Hildreth, Cashier, Chas. H. Booth,
President, ID. +. Stalnaker; Marshall Coun-
ty Bank by ]. W. Gallaher, Director; The
City Bank by r. Crangle; Peoples Bank
by Geo. W. Eckhart, Jr., Cashier, John
Reid, President ThoS. 0Brien, Director,
Geo. X. Tingle; National Bank of West Vir-
ginia by Jas Maxwell, Paying Teller, NJ.
Reilly, Director; The German Bank Of
Wheeling by l. ]. Bsyha, Cashier, c. d..
Hubbard, President ]. B, Jackson, JIG.
Anderson.
Hon. B. WILSON,
First District, Hest I'nigiIid.
Now, Mr.. Chairman, desire to read
the following letter from Colonel l..
HAMMOND, the cashier of the national
bank of my town, Creading:l
CLARKsBURG, w. Va, January 9, 1882.
DEAR SIR submit for your informa-
ton, as you request, the following state
ment in regard TO the taxation, &c, Of this
bank for the year 1881:
Capital stoek....--.... ............SIG0,g0 ~
Average deposits for lSSl.............. lll,5O 81
Tax on deposits for 1881 to United
states, per cent. ................- 0oI 81
states, per W al
Tax, state, county and corporation,
Tor l'oo> III