The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-02-29

For receiving and filing each certi-
fed copy of articles of Incorporation
he shall charge and collect the sum
of so cents on each $1,000 of the capital
/ stock of any coGnnany or corporation;
provided, that the same sums shall be
charged and collected for receiving and
filing certified copies of articles of in
| corporation, or Of amendments in
creasing the capital stock Of foreign
corporations hereafter organized for
the purpose Of operating property or
carrying on business in this state.
For receiving and filing articles of in
corporation of other foreign corpora
tions, $25. For receiving and filing
each certified copy of an amendment
to articles of Incorporation increasing
the capital stock of any corporation
and issuing certificate thereof, so cents
for each $1,000 of increase of such
capital stock
The above is the obnoxious clause
in the bill providing for the duties Of
and fixing the fees to be charged by
the secretary of state.
The bill passed yesterday after a
bitter battle in which the opponents of
the measure did everything possible to
prevent it.
THE DEBATE.
Senate bill 81, defining the duties of
the secretary of state came up on a
motion by Mr.. Booth to reconsider
which carried.
Mr.. Snow moved that the provision
fixing the tax at 90 cents per $1,000 on
the capital stock be reconsidered.
Mr.. Sutherland vigorously objected
but his protest awaited him nothing for
the motion prevailed
Mr.. Warner then argued against the
passage Of the so cent measure. He
found his constituents opposed and
was going to vote as they wished.
Sutherland declared the bill ought to
sense to say this act would prevent
mining companies from Incorporating.
Allison offered compromise in the
shape of motion fixing the amount
at So cents. The speaker wanted to
meet the % cent men half way. The
state needs revenue. The needs of the
state demanded $341, 900 at this time.
and this sum must be raised in some
way.
IS cents was too high, but was willing
to compromise on that sum. 1t was
a compromise because it makes
straight rate at that figure. The Her
aid, a great daily newspaper, favors
a compromise of this kind. 1t is said
that every company will incorporate
for all it is worth. If this be true, the
state will get just as much under the
20 cent rate as the 90 cent.
IL.
of to 6.
Booths amendment was lost.
Evans made a decker with the so
cent men to get the price of land pat
ents reduced to 81, and voted with
Sutherland and Allison. He then
moved to make the price of land pat
ents 81.
This brought Mr.. Chambers to his
feet with a protest. The plan is a bad
one. The man who gets acreage Is
buying something which has real
value, while the miner who incorpo-
rates is endeavoring to create some
thing out of nothing. The mining man
is endeavoring to build up a home for
himself by developing an interest
which affects the state as a whole.
The value of a mining corporation is
largely fictitious, while commercial and
manufacturing corporations are pre-
sumed to have the capital behind them
The miner who gets a patent pays
from $500 to $500 for it, Mining men,
as a rule, are poor men and they
circulate the stock in order to develop
the property.
Sutherland argued in favor of the
Evans amendment. which prompted
Booth to inquire how long the senator
had been a convert to the theory. This
question ELECTED reply to the effect
that it was since morning.
Snow said the position taken by the
supporters of the Evans amendment
was inconsistent. BY reason of their
power the country members incline to
force a tax Of so cents per thousand
and at the same time reduce the fees
to farmers.
Evans amendment prevailed.
Warner moved to make the amount
80 cents instead Of so.
Evans amended by making the sum
90 cents.
Both amendments were lost and the
bill passed with the 50-cent rate
Ayes-Allison, Candland. Evans, Nc
Kay, Glen Miller, r. G. Miller, War
rum, Snow, Sutherland, Zundel, Mr..
Presidential.
Nays-Booth, Chambers, Chichester,
DriscoI Warner.
Mr.. Booth asked that the record
show that he voted mo-" because the
rate was outrageous. To this Mr..
George Sutherland objected. It was
equivalent to saying the senate had
committed an outrage.
Mr.. Booth changed the language by
inserting the words too high instead
of Outrageous"
Driscon, Chambers and Warner were
also recorded in the same fashion.
Later in the session Mr. Chichester
asked the senate to reconsider the vote
in order that he might change his vote
so the bill could take effect as soon as
D9Ssed