Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1898-03-17

sta1 Correspondence Of Gazette and journal.
Dover. March 10. When tho General
Assembly resumed BUSINESS yesterday
morning there was very little new bust
ness to break tho mon0tony. This was
rather pleasing to some of the MEM
bers. howevar. as thoy desired to do
vUto as much time as possible to com
mittee work, several important matters
being before some of the committecs
As an illustration of tho interest
shown IN bills before committees, Mr.,
Wilson, during the morning session OF
tho House, said il would be we'll for
Chairman Il. S. Hopkins OF the edu-
cational committee to give at least two
days noticU OF the time when he pro
posed to call thu general educational
bill up for passage. He said he had
been reading the bill and it took his
breath away. Mr.. Hopkins replied that
all the time desired would be given.
lie proposes to have the membsrs
acquaiut Themselves with tho pro
visions of the bill before it is called up.
Mr.. Donaldson gave notice OF two
tax bills One repeats the Adams tax
law and providen for similar law,
taxing Investments for State and county
purposes. The now bill is in most re-
anects similar to tho Adams law. 1t
provides for the taxation for State and
county purposes Of all Investments pay
ing interest or yielding an income and
which arc not now taxed, or which are
exempt from taxation. Under this head
Investments" the following kinds nre
included: III bonds for the payment OF
money, mortgages. stocks OF every kind.
not expressly excepted, all judgments,
recognizRnces and DEGREES for tho pay
u,ent of money, all judgment notes and
certificates of indebtsdness texcept such
ns are given in good faith for goods
sold and delivered, for wages and such
judgment note or other evidence of
indebtedness, as may be given for short
periods in the course Of business and
not used or intended as investmenta) !;
all alienation bonds bearing interest,
or when the interest is included in the
body thereof; all interest hearing loans
to any person. firm, company, limited
partnership, hank, banking association
aud corporation of whatsoever KIM,
whether doing business in this State or
elsewhere Payment Of interest IN adj
vance or adding it to the principal
shall in no case exempt the lender or
creditor from the payment of the tax.
The following are excepted and ex-
cluded from tho operation of the act =:
All loans and evidence of indebtedness
Of the United States, of the State Of
Delaware or Of any of the counties
thereof; of religious or benevolent
associations whose real estate is by
law exempt: and Of such other Sc
curties as are now exempt by express
provisions of law; all loans which are
made TO local manufacturing com
panies, hypothecated upon the real
estate of such companies, when their
real estate is expressly exempt by law
all stocks, bonds and mortgages in edu.
rational. charitable, benevolent oil
cemetery institutions, whether incor
porated or not, and all Investments by
saving banks, and shares of building
and loan associations (where money
has been borrowed on said share) ant
Investments made of them. All classeI
of property named and made subject Il
taxation shall be assessed and taxed
whether situated in tho State or else
whore or whether the same be hold a
owner or in trust for the owner In an!
capaciiy whatsoever, and tho peraol
owning, holding or controlling th
same shall ut the request of the as
sessor be required to make RETURN
thereof to tho assessor of his hundred
or assessment district, showing dis
tinctly where the same Ia situated
ownod or hold, and the owner thereof
And when such returns are received b.
tho assessorH, they shall be Arranged
alphabetically in the Hat OF othe
taxable property; provided. however
that any Investments liable TO assess
lnent and taxation by the act, whic
ara taxed in any other State or county
are expressly exempted from the pro
visions of the act. The president an
secretary of all corporations and asac
Citations liable to taxation under tn
act shall on the first day of Decembe
in each year make their respective re
turns under oath or affirmation to tn
assessor of the hundred or assessmeu
district in which the principal office G
business place of the corporation {
association is situated; which return
small show the whole number of share
in each OF said corporations or asst
ciations the market value of eac
share and tho aggregate market or rel
value of all the shares, with tho nam
OF the owner and the number of share
owned by each respectively. A fine {
not less than $40 nor more than $500
provided for failure to report. or
default imprisonment not less than
days nor more than six monthe. Deb
due by in6olvent debtors, and whei
there Is no other security, shall not
taxed; and when bond and mortgag
are given for the same debt, the NOR
gage only shall be taxed, and railwt
or railroad companies and tho stock
bonds Of such company paying stip'
lated tax or sum ia lieu OF all 9th
taxes as provided by law, shall
exempt from the taxes especially pr
vided for in the act. After the passa!
of the act every person, firm or co
poration who shall make an inveH
ment of moneys, &C., shall take oa
that the debtor has not been require
to pay the tax. The bill as it now a
pears is in tho rough and will not
introduced until it is in the sha
which Mr.. Donaldson deems prope
The dates will he changed and 9th
minor alterations made.
The other taxation bill given mutt
of by Mr.. Donaldson, is TO impose
tax for municipal purposes upon rente
of large houses, which, of course, IL
becomes law, will affect Wimiogt
moro than any other part of the Stat
The bill provides that all persons pa
ing mure than $500 per year as rent
residences shall pay sum equal to
per cent of the excess to the muEi'
pality AZ taxes,
The Phoenix Fire Co. q bill, viii
was sent down from Wilmington a
given notice OF by Senator Meredii
provides for increasing the annual I
preparation from So, 500 to So, 600. I
biIi uvnp nrrntn M piad nv n LATTER FRI