The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-03-27
DOUBLEDAY ASSESSMENT
THE COMMITTEE SENT TO NASH
WILLIE MAKE A VERBAL REPORT.
Legislators Not Seemingly Disposed to
Mako the Desired Changes In the
Assessment Law-Another Commit
tee Appointed to Visit the Capital.

A called meeting Of the Cotton and Mer-
chants Exchanges was held yesterday after
noon for the purpose of hearing the report
OF the special committee sent to Nashville
under instructions Of q former meeting, and
in regard TO the question Of a double tax
alton on industries. There was quite good
attendance at the meeting, which was called
to order by President Peters, OF the Mer-
chants Exchange, Mr.. Il. A. Keeling acting
as secretary.
Chairman Peters briefly stated the object
Of the call, and added that Maj. NJ. Burke,
chairman Of the committee who went TO
Nashville, was present and would make a
verbal report for his committee.
Maj. Burke said he was not prepared 10
make q final report at present. Some four
teen out of the committee Of twenty went TO
Nashville and attended the meeting, which
had representatives from nearly all parts OF
the State. They found the Legislature rather
disposed TO enact a law in accordance with
the decision OF the Supreme Court. The
meeting had some effect. A committee OF
ten was selected 10 go before the Legislative
Committee on Ways and Means. Maj.
Burke was one OF the committee. Col. Saw
nge was In the chair. The committee stated
Ai'Ai NlNNH NltlTll Nll NNll uilu HltillDtIN
OF the Legislature were changing and he
thought many Of them saw the injustice Of
the law and the decision of the Supreme
Court. A bill had been agreed upon.
IL was prepared and presented on
Friday before tho Legislative Committee;
IL exempted capital stock from taxation. II
was offered In objection hat Il would be de-
cided unconstitutional by the courts, and
then an amendment was proposed 10 meet
| tla a1t.atfA.. - ..a.atGt.aGaa.l IL.
so prepared ms TO avoid the Objectionable
section 3 Of the bill which taxed shares but
not capital stock. Tho amendment affected
the machinery for collecting the tax. The
bill was then left In the hands OF attorneys
at Nashville. The disposition Of the Legis-
laturc seemed 10 be In favor Of levying the
double tax, and lac WIS fearful II would be n
difficult matter to secure the relief sought
for by the business men Of the State. lie
thought another committee should at once
be sent TO Nashville, where Mr.. Snowden OF
the old committee was still at work, and he
needed the assistance Of other gentlemen.
Something must he done and that quickly.
DIR. Porter offered a resolution that n com.
mittce, composed Of Col. Burke, Col. T. j.
Latham and Capt. Zach Taylor. be sent 20
Nashville TO assist Mr.. Snowdcn.
President Peters, who had resumed the
chair, put the motion. which was carried,
hlA W. AAbAiNN " - 4 ~ Aif AlIs U INllk
White was added 10 the committee, which
was, OF motion, raised to a committee oI
five. After some further discussion the com.
mittcc was composed Of the following named
gentlcmem Mcssrs. NJ. Burke, T. i. Laihim.
Zach Taylor, Frank White, Il. r. Porter and
r. ID. Fuyscr. On motion, Chairman Peters
was added 10 the committee.
IL was understood that the committee
would leave at night so as to be In Nashville
this morning.
A Finance Committee was selected com.
posed Of Mcssrs. H. e.. Graves, W. w. School.
field and Louis Erb.
ON motion Of Mai. burke n committee of
three on resolutions was selected by the
chair ~ follows: Mossrs. John johnson, J.
II. Goodwin aud J. w. Falls. The committee
retired for a short time and reported back
the following resolution. which was adopted,
aud an adjourament followed, there being NO
other business before the meeting.
Icsolvcd, That IL u the sense of this meet.
ine that our representatives In the General
assembly Of Tennessee are hereby requested
to do all la their power 20 10 modify OF
amend the as.cssmcnt laws 80 m not %
double n tax on capital invested IN corpora.
lions, the effect Of which, as construed by
the supreme Cour Of the State. Is TO serious.
~ affect and prevent the formation Of oman.
izltions corporate for manufacturing and
other purposes benclcial.to the prosperity Of
ile State