Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1893-05-04

Special Correspondence oi Gazette and Journal
DOVER, April 26.-'rhe state legislators
to-day took off their coats, rolled their
sleeves up above their elbows and CIlt q
big swath in legislative business.
The conference had with the Senate in
relation To the bill to cquaize taxation,
was the liyclest feature of the days pro-
ceedngs. The hearing took place this
afternoon in the Senate chamber. The
lobby was packed, and the tllrong
encroached considerably upon the space
reserved for the Senator'S Speeches for
and against the measure began at O'Clock
and continued an hour
]. Alexander Fulton--I regret the Senate
has limited the speeches to 10 minutes each.
The farmers of the State want the bill.
Real estate at present pays 50 ier cent of
all taxes paid in the State. Farmers are
taxed to the full value of their land, while
people in Dover worth from $4,000 to
$4,000 of personal property pay no tax.
Farmers make living by the sweat of
their brows, while men who own mort
cages lie on sofas and smoke cigars. The
bill has been misrepresented. II is not
more inguisitorial than other state tax
laws. We do not desire to tax poor de.
positors i'll savings funds but to tax the
stockholders Manufacturers, according
to the census. are making from l3to - per
to make such profits,
EX-CongreSsinan Penington-l did not
come here as an exponent of any pet tax
measures. Both political parties pledged
themselves to equallze taxes. Although
had hand in framing the bill do notagree
with IL i'll all details and would draw an
amendment which might be offered.
think that in 81 ont of A states bonds,
mortgages and Investments of every kind
are taxed. Many states don't stop there
They assess the money You have IN your
pocket and the money you have in bank
Some states tax your watch, the carriage
which you ride in. Pennsylvania taxes
savings funds and building and loan asso-
cations.
Next Mr.. Pennington read the amend.
ment which he proposes to have presented.
1t is as follows;
Amend the bill entitled "An Act to Elualize
Taxation by striking out all nftcr the enacting
clause and Inserting the following:
Section !. That In addition To tho real and
personal property now liable 10 be taxed under
existing laws Il shall he tho duty Of the as
SCISSORS of the various hundreds in the state TO
assefs all Investments paying interest or
yielding an income and which are not now
taxed FOR either state or county purposes or
exempted by this act, and the same shall be
taxed for all county purposes.
soc. =. Under the head "inYestmens" tho
following kinds are included. All bonds Tor the
payment of money, mortgages, Htocks OF any
Kind not herein expressly excepted, all judg-
ments, recog nizHnces and decrees for the pay
,nent ot money nil tIIdymeut notes prI ,.,,, a
GATES of indebiodncss exrant .iirh rc ,,,,.,,
In good faith for goods sold and delivered, for
wages and such Judgment notes or other ev-
short periods In the course Of buslnoss and moi
used or intendei ns iuyeAtincufs nh niirna
tion bonds bearing interest. Of when the inter
est is included in the body thereof, all
interest bearing loans 10 any orsnu Arm
company, partnership. limited partner
ehip, bank, banking association and
doing business in lie Stale oT niae-
where PAYMENT of interest in adyan ,c ar
n,IdIur II 10 thn nrinrlnnI shnII in M rns,, ~
empt The lender or creditor fran m :. ,nvn,ei,t
OF the lax. The following Ara nyr,,ted n,Id
excluded from Tho onnrason nI tliat ,r,, Xii
loans and eydences OF indebtr,inoss of lie
TTnitrd stntns rf tbc St.i,, ~ nain,,a,,, nr'aI
sny Of the conttes IhereoT df rsIiiin's @ ~" "r
benevolent n sso,,intions wh, ae rrn estgto IL NV
law eyeInnt nnd III sIrI nthnr sn,,is NM III ,rt
now exeinnt nv ex xtrsss nrnrIsinn nj Ia,y ali
loans which n rs nntic "a an ,nt,t,inc,,,i,,,
companies when Their real estate il ext,,,,sstS
expInnt by law ail storks IN cdI,,aiinnai MIX
itnbl, ar 1encvnieut i,stit,,t nrs ,yl,n,I,r in,
,,nrnornt,d or nnt mud ali inyest,ns,,a ny sa,.
incs panks and SHARES Of bnildin,. anh int.n
Bsgo,,intiona and the invuaI,nenis rna,in II,
them
See n All eIasses nj nroncrtv h,r,,,, n,,,od
and made snhoct to taEati N shaIi hs aL.,,s.ad
nnd taxed whrther the sans h., si.n,,t,.d IN
mi. state ar eIsewhere or ynntbar H.. sa,,,", d
he held ns owner nr in trn.t Inr ma ~,vunr In
anv canHrity whatnvnr NM tha m.,.,,, ,,,, ~
H.. IN Ah lI ma
resnirsd Ia nak ret,,rm III r,,rt H., ~, .,
of his hundred showing distinctly ,yhsr,, 'I ~
same IL situated, owned or heia nh si,.
owner thereof nni when strh rst,,rns 40 ~
ceiyed nv tp i.snessnra thsv shnil H., .i.rl, ,,ed
aInhahniiraIIv In tha Iiat az ntI,,, ,a,sH1I
rronertv
Sec, i. The president and secretnrv of All
corporations and assoriafinns HuhI,. Il, ia.
Rtibn unIer this act sbaii nn m, ass ,In,. -,
Eehrnnrv IN earh vanr n,,Eo m atr ,.a.,,,;;t, ;t,, w.
returna indivuIlnIiy IN the na.esen., II ~ nm
dred,in which me nrin,inai odire or hIistnc.,
nince nj the rnTnortinN nr tssn,Intinn 4" ,,t
hated, which returns shall show ihs whole
num mher nj ahares in au,,h ~ sat,l ,,or, ,,rntia
ar associat,nns tbs ,arkat viIlS NJ - 20 I,r
and the Epprsrntn Ia unrls.t az r,aI y,I,a. n, M
Ihe shares Win the namea ~ ~, n,yn,,rs n ri
the nuIn her al shar.s oyyned nv an,,t r.s,,s.
tiyely.
seG 5, Any officer of any eornoratIou nr
association failing to make returr, ~. ren1rf ~
herein required, sha he guilty ot n tuis,I,
nleauor and upon CONVECTION thyrenf snail nnv
n fine Of not less than ten nor r1u.a ,ni,r yI
hundred dollars or Ia, innrisnnt,I nj ias. man
ten da VA nor more than .iy mnnihs
Ser l. Tho Intention of t,ia acI hahn, Il, nv
the nwner and inypslnr of rtnItai mud nm III,
borrower q, tiuhtor therefor a. avery iI,tivilifaI
person corpOratlon uOmuauy or nssn,iutinn
vhntever, and every oiIi,.sr thcreof uskfn..
demanding, contracting ior or Receiving any
money. or eonstderation Whaieyer on u,.t.niiitt
OF said tax, in consideratom tnereoi OF other
wise or who snail hy any device whhtsnnypr.
under nny prctext whatsoever shall bc guiItv
Of n inisdemgnnor and shnIi unon ronyIrtIon
thereof be tIned in any sun, n0t less Than Sun
nor more than tl ilOl and i,tgts
Sec I, Each md every debtor by bond.
Judgment MORTGAGE re,,orniZ nee de,,rco of
otherwise' when dsut i, liilpIs to ii I unaey
this acn. when the creditor Is a non.rosido Il
lax On his debt in the tirst instance. nut upon
pnvmant thercnf he snail la autitIri ma IL
Snail he his Guty 10 deduct ms same from mo
interest dine Of ncrruinC thereon and any
..aa.