The daily state chronicle. [volume] (Raleigh, N.C.) 188?-1891, 1891-03-03


the State S32, 600 i, the amount We
Will secure this year and annually about
SO, 600 and atthe expiration OF 10 wears
$50 600 annually. The question is;shall
We accept? AS business men we must
accept It
Why does this road propose, to surren-
der its rights They get the right to in
crease their stock. to connect and to con
soiidate with other roads. For these
things, they can we'll afford to pay soule-
thing. When the first proposition was
made the people were glad This amend
ed charter is not contract, as was the
first proposition.
I hope and believe the time
| will come when the courts will re-
verse their decisions so We can
| tax this railroad.
Mr.. Butler said that this was the most
| important legislation of the session The
committee is composed Of good men and
[ regret to disagree with them Il is a
matter of principle. The force Of Mr..
| Turner's argument is to show how terri
| bic the State was bound hand and foot
| H9 holds the State up in pitiful light.
| This proposition is like Esau when he
| sold his birthright for mess of potIage.
Has all our clamor been for dollars :?
TIE State IS aroused over wrong prin-
ciple-because We have one rate of taxa
ton for corporations and another for
lands, sheep and hogs. | will treat all
roads alike,
Last year the ". & w railroad de-
clared net profit Of 5000, 600, and ca
afford to pay regular taxes. II the w.
4 W. railroad felt that its legal rights
were secure they would not come here
and ask for these privileges and pay on
, them Our forefathers threw the tea
in the harbor- not because of the wrong
principle. If they had sold out for
little hush money, would We hav,
the same respect for them! Every citi
zen ought to be made to paw taxation
alike. But 1t is said you can't d,
that" That docs not alter the princi
pie. Why is there money offered? 1t is al
admission that It's ground Is wrong NOR
ally and legally, and that they are afrai
a their contract will not stand, and tina
the Dartmouth College case wi | be over
turned. SO far as North Carolina is cor
cerned, Daniel Websrer's argument tha
! secured that decision is curse to Mort
Carolina Sooner or later these eXemI
i tions will pass away. Ia 1888, whe
Senators voted for that charter, the
never intended to grant such privilege
The charter shows they thought the
n Were building sort Of a public highwa
over which any man could run rallrOa
track.
,f Take it for granted that we are bour
;, hand and foot, | I'm still unwilling
# bargain for paltry dollars. believe pit
lic opinion will force a change in Il
: ruling mean to stand for al or not
i ing. IL it is right for them to be G
# ampt, let them be exempt. If not, tht
i e, ghem pay like al others.
! Lee Us decline this proposition, a.
!, be w. q W road caunoI stand III Il
- Way OF public opinion. They must a
"a will come forward and maze an unqua
- fed exemption.
- Mr.. Belamy said that never befC
"a was he SO embarrassed over pub
~ question. | cane from the city that
or ,b9 father Of this road; We gave u ore
"a build it than the entire value Of its r
to aLd personal property. All my intere
81 incline me TO vote for the prOpOsltlC
he ye5 my judgement dictates that ! shot
NJ vote against the acceptance of The p
-. position. At first thought | would
,rs yor the proposition. As it now exls
30 Mr.. Turner is right that We cannot int
n. fere with the present exemptions,
mo when they ask TO increase it to $40, o
~ 600, it is different They q
%. want to increase their stock g
~ by legitimately watering it, g
| II al
to, on the way to make 81 500 600. Nov
mr. has capital of 81, 100000 and last y
made "a per cent. To offer us $40, O(
year is not in proportion to 5he bene
they will receive. This bill allows
road to buy all roads and consolid
It may be the entering wedge to gl
hgs and allpowerful consideration.
% powers given the road are too great,
10 il would be entirely free from legisla
'er- control. | believe in circumscrit
lna their powers.
Der Another reason against it is that
re W Il ". Railroad can make such tn
eVS' agreements as they please, and the t
on. road Commission cannot affect them
as a am afraid that if We accept 1t, this
ped | become q binding obligation on
all state of which We never can get rid.
ner, Section 3 gives the road the powe
, on lease the rolling stock from const
,po ton company ard not own such 81
ion. aid therefore escape taxation. Ii
Dad pass this you u vec can tax the franc
ion. Of this road. Ioa sell out any op
tain tunity you may have OF getting at
900 taxes and future taxes.
Ifter They may be liable for 5000, 600.
the investigating committee did excel
reat work, and the State owes debt Of {
ould tude to Senator Aycock.
ness Mr.. Twitty said that be regretted
Su- be was on the committee. His cor
Su tions led him to accept the proposl
eX- The investigating committee made
;ract report and got the road to offer to
For certain taxes. If this company |
our with the original contract, or any 0
0 re it would be easier to reach them
arter now.
ruct wish We could make them pay t
this It is said that We will force them tC
ldon taxes to Withhold the Petersburg cha
heir | do not think the charter ought t
.ddi- withheld as matter Of coercloI
lary, will not execute vengeance. l
$25,- used my best judgment, aud sha
Prior satisfied whatever will be the resul