The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1893-04-25

The bill which has been passed BY
the House taxing Investments meet!
with great opposition In this city
At o meeting Of the officers Of the va
riops loan associations held yester-
day afternoon tho following was
adopted:
Whereas. The tax law now pending
at Dover taxes the shareholders Iii
building and loan associations. who
are purchasing their houses through
such associations, three times, once
on the valuation OF their nhares, once
on the money they borrow. by reason
OF the association being OF o mutual
character and all expenses incurred In
and again on the value of the real
estate held by them individually. be II
Resolved, That we, the representa-
tlves OF the loan associations OF Will
mington, do earnestly protest against
the passage OF the said bill In its pres
Ont shape, and ask that II be amended
SO as to exempt all building and loan
associations from the enforcement oil
Its provisions"
The Wilmington Industrial Improve.
ment Co., held meeting last night In
reference to the bill. and u COMMITTEES
was appointed to draft a protest
Senate and take the same to Dover.
Tho protest will be signed by tho
eleven directors of the company:
VIM. Lawton, Alfred d. Warner.
Wm.-D ID. Mullen, Archibald 8. Reed,
Andrew L. Johnson. Arson A. Maher,
s. II. Boynard. VIM. B. Clerk, Mark NJ.
Cleaysr and D. W. Taylor.
The committee and probably all the
directors will go to Dover tomorrow
morning, and as preliminary the fol-
lowing telegram was sent to Dover
last night to be read to the Senate:
Tho Hon. John Pyle, Senate, Dover:
desires to present to the Senate It's
strong protest against the passage OF
the tax bill now before the Senate. In
the Judgment OF this company such
tax would bring upon our State inevi
table disaster and financial ruin. This
company works solely for the pros
perity and industrial development OF
Wilmington and Delaware and such
legislation would absolutely paralyze
every effort looking toward this devel
opment. A committee OF this com
pany will appear before your honor
able body on Wednesday. Please de
lay action that we may be heard. We
think we should have hearing.
WM. LAwToN. Pres"
The Shields Library Association al
SO held meeting and adopted the fol
lowing:
"Wheroas, The Investment taxation
bill Is measure which Is wrong In
principle and likely to destroy oui
industrial prospects; be it
Resolved, That we. as citizens oil
Wilmington and members OF the
Shields Library Association. protest
against the Investment taxation bill
which was pissed by the House on
Friday last.
"Resolved. That we feel that oul
manufacturing interests are already
ovcrburdened with taxation, and we
as worklngmen feel that the interest.
OF employer and employed are identi
cal and that which Is calculated to in
jure one must surely roact upon the
other; therefore, as workingmen who
arc Interested In the welfare OF oui
| fair city and also as members of the
| Shields Library Association we recon
mend that committee OF five be ap
pointed TO ask for hearing before tht
Senate, and said committee to take ad
! vantage Of every opportunity which
| may o.ler to prevent the passage o
the aforesaid BILL"
| The following committee was ap
pointed: L. s. Doherty. L. T. Kane, ID
W. Mullin, John McKelvoy and JOIN
| j. Size.