Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-02-18
ADJOURN MARCH 4TH
LEADING PROVISIONS OF NORTH
CAROLINA'S REVENUE BILL.
Proposed Railway Enabling Act-rhe
Courts to Decide-Debate Over the Bill
70 Repeal Alliance Charter.
lsprc,al telerram 70 the pI,pa,ch.l

RALEIGH, N. c.. February IA bill
passed the Senate to-day Incorporating
the Neuse-River and Swansboro' railway.
The Senate adopted resolution to sd-
journ March 4th, and made the bill to
create the county Of Elkin special order
tor next Tuesday. The finance commit
tees to-day finished the revenue bill. and
il was introduced In the House. 1t pro-
vides for tax Of 20 cents on the 300 for
general purposes, Is cents for schools. and
3 cents for pensions. The chairman of the
committee informs me that II IL hardly
possible that the bill will stand as TO the
general tax, but that the latter Will De
made % cents. which will be cents less
than the present rate.
FAILED TO PASS.
The House discussed for three hours
the bill TO make IL @ mlsdemeanor TO Work
women and minors over eleven hours a
day in cotton and woollen-factorles. IL
was argued by the opponents OF the bill
that such law had done much mischief
in Georgia and driven capital from there
to North Carolina. The bill failed opass-
ayes SO. noes 63.
no AGREEMENT.
Up 10 this afternoon il was thought that
the State, through its Legislative commit
tees on railways, and the wilmington
and Weldon railway, through Warren 81
liott. Its president, and Harry Walters. ITS
vice-presldent, would come TO some agree
ment on the question of taxation OF that
great corporation, but it is now found
/ that there can be no agreement, the state
declining 20 recede from Its position or
the railway to modify its proposition.
ENABLING ACT.
The committees, therefore, decide TO re-
commend the Legislature TO pass an en-
aiding act This directs that all the pro
perty, both real and personal, OF all rail-
ways IN the State be placed on the tax
lists from 1868 to date. This enabling act
will be introduced in both branches OF the
Legislature next Tuesday. The whole
matter is by the enabling act LETT TO the
courts. This act will render liable pro-
perty Of North Carolina and OF Cheraw
railway.
iLLIANCF-REPEAL BILL.
There was an extremely interesting dis
| cussIon this evening before the Senate
| committee of the bill TO repeal the state
Alliance charter, the Senate having agreed
| TO give the Alliance officers o hearing. All
these were present. 4 memorial signed
by them was presented urging the Senate
| not 20 repeal but to amend, protesting
against placing the business fund OF
| So, 900 in receivers hands. and alleging
that this will break up the Alliance, whose
backing Is this fund.
VERY MUCH EXCITED.
A. W. Graham, trustee of the fund, be-
came very much excited in the course OF
q long statement and said the fund was IN
tact and that the InsnuatlOn that 1t was
| about TO be used for 1hird-party purposes
was reflection on his honor. He sug
gested that the present charter be SC
amended that subscribers to the buslnes!
| fund,could withdraw their subscriptions
and also that they should be liable only
for the amount of their stock.
THE STOCKHOLDERS.
He said there were $4,000 stockholder'
and that the fund increased only 81 las
year. Under the present charter no money
can be returned to stockholders until th'
Alliance ceases TO exist. Last year 30'
stockholders asked for their money: H'
said If the bill passed there would b'
trouble and a day OF reckoning. Ihl
chairman Of the committee said the bIl
was no personal reflection on Graham.