The morning news. [volume] (Savannah, Ga.) 1887-1900, 1889-06-07
CRENSHAW TO STEP OUT.
a BELIEF THAT DR.. ARNOLD WILL
BE HIS SUCCESSOR.

Decision of the Attorney General as
to the Taxation of An Insurance
Comuany's Money Out on Loan
Medical Colleges Exempt From Tax
ation-A Fleeing, Negro Shot.
ATLANTA, GA, June IA special from
Washington TO the Journal this afternoon
announces that Collector Crenshaw has
handed in his resignation and that the aO-
pointment of his successor will be
made this week. Col. Buck Is In
Washington and has been very active
at the treasury department for two days.
It is asserted that a commission for the col
lectorship was made out for DIR. Arnold
several days ago, but for some reason with
held. 1t is believed that he will get the
place.
AN INSURANCE CoMPANY's TAX.
The Fulton county tax collector recently
sscertained that the Atlanta Home In
surance Company has for several years
been using portion of its capital in loan
ing money at interest, and demanded of
them the back and present tax on the CAPT
tai so employed. The Atlanta Home denied
liability, and the matter was carried to
Comptroller Wright, who referred the
question to the attorney general, who rem
dered a lengthy opinion to-day. The facts
were that the Atlanta Home has 5000, 900
invested in mortgages on real estate, and
has also money loaned out on personal
security.
REAL ESTATE MORTGAGES EXEMPT.
The attorney general held that the money
invested in real estate mortgages is exempt,
as the law requires all insurance companies
to have at least 500, 900 in cash or invested
in stocks. bonds or mortgages on real estate
for the protection OF policy holders. Under
his construction of the. tax act such
investment is legitimately connected
with the insurance business because
required by law before the company
can operate in this state, the special tax on
premiums being all that the law contem-
plates. But the attorney general holds the
companylable'for a tax,on its capital loaned
out on personal security, because this is in
no wise connected with the business of in
surance, is not authorized by law or the
company's charter, and thereforesis not ex-
empt.
MEDICAL COLLEGES EXEMPT.
The attorney general also gave an opinion
that medical colleges are exempt from taxa
tion under the provision exempting all col
leges not used for purposes of private or
corporate profit or income. The question
came up on the effort Of the tax collector
ern Botanical Medical college at Atlanta.
MURDER AT MARIETTA.
A difficulty occurred at midnight last
night at the shops of the Marietta and
North Georgia road at Marietta, in which
the night Waterman, Zachary Aleywine,
was killed by Robert l.. Howell. A dis
pute arose about 50 worth of potato slips.
which Aleywine owed Howell. Howell
fired three shots, the last proving fatal.
Howell was put under arrest soon after the
shooting
A FLEEING NEGRO SHOT.
On Marietta street this afternoon Officer
Christophine arrested Tom Bankston,
trifiing negro, for disorderly conduct The
negro broke away from the officer and ran,
followed by crowd of men and boys.
Some distance out the fugitive passed the
the residence of Officer Paul, who ran out
with Winchester rife and told the negro
TO halt. The negro cursed him and went
on. Paul fired twice, the second shot hit
ting the negro in the thigh and bringing
him down The negro was sent to hos
pital, but is not seriously wounded.
DEED TO THE EXPERIMENTAL FARM
A committee of Griffin citizens called on
the governor to-day and delivered deed to
the experiment farm. 1t will be referred
TO the the attorney general.
A PosToFFICE ROBBED.
The Edgewood postoffice was robbed last
night, but the thieves got but little
SCHOOL BOOK RIVALRY.
big fight has beeniwaged here by the
Appletons Lippincotts, and Van Antwerp
Bragg q Co., over arithmetics used in the
public schools. The board of education
this afternoon decided in favor of the An
pletons for the full series.