The gold leaf. [volume] (Henderson, N.C.) 1881-1911, 1893-01-12


doubt be the pleasure of the Associa-
tion to appoint committee on hanks
and banking, at least till our next
regular or annual meeting. who will
gladly confer with the members of
"committee on banks appointed by
this legislature upon the motion or
solicitation of the latter, all Of which
we respectfully submit.
| ]. ]. THOMAS Ch'm'n,
Jos. G.. Brown,
JNo. T. PULLEN,
GEO. G. HECK,
F. H. BRIGGS,
Committee.
Raleigh, N. c., Jan. S, 1898.
After the reading of the report,
Capt. Thomas moved that a special
committee of twenty with Col. W.
H. S. Burgwyn, as chairman, be ap-
pointed to look after the interests and
systems of banks and banking for the
State, and memoir llize The State Leg
lsature on such matters pertaining
thereto as might promote the interests
of the State at large
The motion was adopted and the
following committee appointed
w. H. S. Burgwyn, Henderson; w.
P. Simpson, Wilson; Jas, A. GRAY,
Winston; Hon. Fred PHILIPS, Tar
b"ro; Thos. H. Battle, Rocky NJ ,nn';
J. J. Thomas, Raleigh; ]. ID. WI.
liams, Fayetteville; Neil Ellington,
Greensboro; L. H. Cutler, New Berne;
W. L. Smith, Wilmington; Geo. w.
Watts, Durham; E. B. Borden, Colds
boro; S. H. Wiley, Salisbury; DR.. ].
H. McAden. Charlotte; Mr.. Mcleod,
Asheville; J. M. Currin, Oxford; F.
c. Robbins. Lexington; ]. A. Odell,
Concord; S. H. Lpftin, kin>,on; 6.
S. Winstead, Roxboro; H. K. Scott.
Reidsville.
The matter OF Improvement of
public roads, was suggested, and the
association declared its sympathy and
interest in every legitimate undertak-
ing to improve the public roadways.
Representation of the association will
be had by the appointment OF dele
gates to the Road Congress called for
January 10Th, from local organizations
having membership in the association.
A resolution was adopted providing
for committee of three to draft the
sense of the association as to the estab-
lishment of a bureau of immigration
and information under State auspices.
The members of this committee con-
sisted Of Col w. H. Cheek, Mr.. F. B.
Kicks and Mr.. G. B. Afford.
Adjourned to meet at 4 O'Clock p.
m.
AFTERNOON SESSION.
The association assembled at
o'clock and was called to order by
President Thompson.
Mr.. E. G. Harrell, from the special
committee on spurchase tax" SUBJ
mitted the following:
To The Gen<ral assembly Of North
Carolina
GENTLEMEN The "North Caro-
lima Commercial and Industrial Asso-
ciation," now in regular session in
Raleigh, representing the material in
terests Of the entire State, unanimously
adopted the following preamble and
resolutions, which are most respectfully
submitted to your honorable body as
a memorial for your consideration
Whereas, every interest of our State
is Justly entitled to the fairest equali-
zation Of taxation that it is possible to
provide; and whereas it is we'll known
and conceded that the merchants have
long been subjected to a special tax
which is burdensome, known as "the
purchase tax" which tax, besides be-
ing unreasonable and unnecessary is
likewise discriminating in our political
economy of particular interest and
occupation to the exclusion of other
classes Of business. While there is no
desire or intention to in any way en-
barrass the aggregate of taxation
necessary to provide sufficient funds
for the proper administration ofpublic
affairs, We believe that the collection
of the purchase tax is now no longer
necessary; therefore be it
ResoIOed, I. Tha; the Finance
Committee Of the General Assembly
be respectfully petitioned to recon-
mend to the legislature that the pres
ent law authorizing the levying and
collection of the purchase tax be re.
pealed.
2. That if it is absolutely necessary
to the welfare Of the States public
interests that fund equivalent to the
sum now realized from tnc Purchase
Tax shall be annually raised to meet
the current expenses of the Stale, a
privilege Tax" shall be established
in lieu Of the present Purchase Tax,
but upon the same basis of levy. Pro-
vided, that said "Privilege Tax" shall
be graduated upon the following scale:
On purchases of 81, 900 and under,
$1.oo; $1,000 to IS 900, $3.50; S., 900
to $4,000, $4,000; $4,000 to $780,,
900, S7.5 100000 to $4,000, s3.-
90; $4,000 to $4,000, $3.50; s75,-
900 to 100000 $500; 500, 900,
and over $500. This levy and COL
. lection to be made semi-annually, on
the first Of January and July, as is now
colIected the p,,rchace T,v
The report was adopted and ar