The gold leaf. [volume] (Henderson, N.C.) 1881-1911, 1893-01-12
BUSINESS MEN MEET.
THAT the Association of Business
Men Did in Raleigh.
New, aud OO>erver.l


i, and had representation
Beaufort-B. L. Jones.
| Carttage-W. G. Jones.
| Clayton-Ashley Horne.
Greensboro-Robt. Nj. Douglass,
Y. R. Murray.
Henderson-Col. w. H. S. Bur-
xvn, Col. w. H. Cheek.
Klns,on-Lemuel Harvey.
La Oranges. F. Wooten.
Morehead City-Dr. w. L. Aren-
dell.
New Berne-J. ]. Wolfenden, L.
| H. Cutler, DR.. .. R. Bagby, K. R.
Jones, Alex. Miller.
Pennello-Gen. w. R. Cox.
Raleigh-C. G.. Latta, Wm. Boy
ian, Jr., julius Lewis, w. &. Stronach,
Eugene Harrell, Capt. J. ]. Thomas,
Jos. c.. Brown, Geo. c. Heck, F. H..
Briggs, Jno. T. Pullen.
| Burlington-J. A. Turrentine.
| Aberdeen-A.F F. Page.
Salisbury-Theo. F. Klut,z.
Wilson-E. NJ. Pace.
Windsor A. S. Roscoe.
| Sanford-Maj. John w. Scott, D..
E. McIver, J. B. Makepeace.
NashvilIe-F. B. Kicks.
Sylva-Gen. E. R. Hampton.
Tarboro-Hon. Fred Phillips, Paul
/ Jones, T. H. Gatlin.
Waynesvine-J. B. Hyatt, Jas. w.
Ferguson.
Wlnston-Ger. w. Hinshaw, H. E.
Fries, c. B. Watson, E B. Jones, J..
B. Vaughn: c. H. Fogle, A. B. Cor
rell.
Holly Springs-G. B. Afford.
Chairman Thompson called the
meeting to order with good repre-
sentation present, and letters were
read from various points not above
mentioned expressing sympathy for
md appreciation of the purposes of the
meeting. The minutes of the More
head meeting of the association were
read and approved.
President Thompson delivered
short, concise address, outlining the
special objects and purposes OF the
association, lying special stress on the
subject "Repeal Of Merchants Pur-
chase Tax" "Banking," estate I'm
migation'' and "Public Roads, -
Mr.. E. G. Harrell addressed the
meeting favoring the repeal of the
"Merchants' Purchase Tax" law, and
offered the following resolution:
"Whereas, the special tax now i'm
posed by the State upon merchants
known as the "Purchase Tax" is
unjust, oppressive and unnecessary,
besides being an additional taxation
of property which is fully assessed and
taxed under other lists:
Resokved: That the General AS
sembly be respectfully petitioned to
repeal the law which provides pur-
chase tax, and thus give to merchants
the relief which is fair, reasonable and
necessary and which. is so greatly de-
sired by the people of the State.
The resolution was discussed by
Messrs. Paul Jones and c. G. Latta;
and on motion of Mr.. Latta was re-
ferred to a special committee the
members of which were appointed as
follows: E. G.. Harrell, chairman;
Paul Jones, w. H. Cheek, F. B. Kicks,
E. M. Pace.
The committee was requested to
report at the afternoon session.
The subject OF "Banking" was next
taken up, and Captain ]. ]. Thomas
offered the following:
Mr.. President: The Chamber of
Commerce of the city of Raleigh, at
recent meeting, appointed a COM
mittee composed of gentlemen from
the banking fraternity of this city,
to represent the city at this meeting
of "The Commercial and Industrial
Association of North Carolina" In
view of the probable repeal by Con-
gress (Which is now in SESSION. of the
ten per cent. tax on State bank issue,
several States whose Legislatures have
been recently and probably now in
session have passed general banking
act or law, to become operative, SO
| soon as the ten cent. tax is repealed
by Congress. Georgia and Alabama
have enacted such bills. While we
do not propose 10 criticise the bills as
passed by these States, would do
violence to the intelligence of our
legislators if / did not say that they
will doubtless give US far better bill
in many respects. From what gather
in reaeing the banking journals OF the
day, some of the States will be ready
to commence business under the new
regime whenever Congress sees Fl, to
repeal the law that now deters them.
That, however, would not be the case
with North Carolina, as we now have
a law in force imposing a penalty of
fifty dollars fine and imprisonment for
issuing State bank bills. See Code,
volume 2, chapter IS, section 7,492.
This l gathered from the very able
address of Col. Burgwyn, delivered
at Morehead City last August before
the business mems meeting. l am
sure that whatever our legislators will
do, will be done in a conservative man
ner, and any bill or act that they may
pass will be such as to protect deposi-
tors, stockholders and banks alike.
Much has been said and written in
the newspapers and banking journals
of the day upon this topic, various