The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-02-21

=
the session of the senate would not be
unlike the one of the previous day-no
debate OF Importance, but with the
taking up Of the bill providing for
the duties Of the secretary of state,
defining his compensation, etc, mat
ters were different
One would not imagine that a bill of
this kind would cause a debate of
extreme length, but this one did.
Among its prov, sions are some clauses
which have much to do with the
revenues of the state, inasmuch as
they provide for the fees which shall
be charged for certain work done in
his Office. Chief among the items re-
ferred to are the fees which shall be
charged for filing articles of incorpora-
ton The price fixed by the bill was
90 cents on each 81. 600. up to a capital
of $l,e00,000; % cents above that figure,
provided that no company should be
obliged to pay more than 81 900 for its
articles,
Booth led one-sided fight against
this plan. He began by asking Jones,
the chairman of the committee which
reported the measure, whether he did
not think this charge excessive; one
which would tend to drive away
great many companies which might
otherwise incorporate here, and receiV-
ed a negative reply.
MIR. Booth did not rank Jones
opinion as among the best, judging
from his actions, for a. moment later
he offered an amendment reducing the
amount up to the first million 10 %
cents, over one million 10 cents per one
thousand dollars and the maximum fig
IRE not to exceed $500.
Arguing on this amendment. Booth
said he believed the state would re-
ceive more revenue in this manner.
The charges fixed by the bill were too
much and would have a tendency to
drive companies away from the state
and we shall see them incorporate in
other states. What Utah wants is for
companies TO organize here and
develop the many properties which are
here in a state of idleness. While
favoring q reasonable amount, he did
not think that fixed by the bill was a
reasonable ona. It was not the money
charged for Incorporating a company
which would bring the revenue to the
state; it was that derived from taxing
its products. The revenue bill which
will be reported in a few DAYS will tax
the product of all mines and in order
TO get plenty of producing mines. the
organization of the same should be
encours ged rather than retarded. He
called to mind one mine in Park City
upon which 100000 had been expended
without cent being made. Mines
have to be developed and in the in
ctpieucy of their starting they usually
need every cent the owners of the
same can rake and scrape to depelop
the same. The placing of a high tax
on the articles means that so much is
taken away from the development
fund. 1t is useless to say mine can
be capitalized for a good figure Peo-
pie Will buy the treasury stock of a
proposition capitalized at say a mil
lion, if the same can be obtained for a
small price, while they will not look
at shares in a company. the stock of
which Is worth only a few dollars at
par. even though the latter may be
a better one than the former.
Jones declared the passage of this
law would keep values down to a
proper figure. If a company wants to
Incorporate and place a value on
property, the members should be
willing to pay for the privilege. The
measure is legitimate way of raising
revenue and ought to pass
The chair left his pedestal to argue
against the amendment, which he did
at some length taking two turns at it.
He believed if attorneys received $500
for drafting articles, the state was en-
titled to an equal sum.
Don't you know that attorneys are
glad TO get $25 for drawing them?p
asked Booth.
Allison who is ever on the alert to
boom Ogden and its many appurten
ances, INTERCEPTED a, remark to the eff
feet that Ogden attorneys would not
draw articles for that sum, which
passed unnoticeo.
Finally the amendment was rejected.
ell voting no with the exception of
Booth and Chambers, who voted aye.
Another discussion ensued on the
matter of land patents for which the
DILL provides a charge of IS. Cand
land, Evans and other members
thought when q, man pays cash for his
land the state ought to issue the
patent for nothing. Allison in a speech
favoring the retention of the charge
in the bill made a comparison as re-
CARDS tariff matters; 1.-The foreigner
pays the tax" he exclaimed
What's that?' inquired Warrum,
who did not catch the remark.
Il say remarked Ilison, with that
confident lama protectionist and
t-you-forget-it air that the for
eigner pays the tax"
Then why did your party take II off
sugar? Why didn't it continue to
permit the foreigner to pay the tax?"
Tetored Warrum.
The gentleman from the city on the
north was nonplussed. but the chair
came to his rescue with d vigorous
whack on the desk with the gavel
The gentlemen viii please come to
order and confine themselves to the
question under debate" This life pre-
server was eagerly caught at and
Allison foated ashore and resumed
speaking on the matter at hand, which
was under discussion when the senate
adjourned
UNIVERSITY APPROPRIATION.
Senate bill No is, the bill appropri-
citing money for the support of the uni