The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1899-03-21
Under the Present Rev.
enue Law.
CONTESTSF0R OFFICES
Suit to Try Title TO Office Of Labor Com
missioner TO be Brought In APRIL
Soldier, HonorabIy Discharged from
Efrst North Carolina volunteer.
Salisbury Anxious TO Secure the
North and south Carolina Railroad.
sixth District in Supreme Court
Messenger Bureau,
Raleigh, n. c., March 16.

INdlSl6H, y. ~ ~
The state auditor has made the fol-
lowing statement to me with reference
to the tax on corporate franchises in
this state:
THE property of railroad corpora
lions is assessed by the railroad COM
mission at so much per mile. 1t is
supposed that the value Of the fran
chise is considered in connection with
the assessment. An ad valorem tax is
paid on the amount of assessment, and
no other tax is levied.
I'm addition to the ad valorem tax on
the property owned by private corpo-
r~ations, a graduated franchise tax is
imposed according to the amount OF
capital stock. The tax on a capital of
$4,000 or less is IS, and it ascends by
a graduating scale to $500 on a capital
stock Of 81, 900, 900.
Banks are not subject to this fran
chise tax.
Insurance companies are taxed on
the gross receipts. Upon them there is
no specific franchise tax.
The franchise tax is ascertained and
collected by the sheriff or tax collector
of each county in which corporations
are located, and paid to the state treas
urer."
This statement of the provisions I'M
der the new revenue law is made time
ly by the fact that the press has re-
Gently published articles giving inaccu-
rate as to the effect of the
act.
The governor has received a COM
m"unication from the war department.,
stating that Privates William b. Bal
ley, Company M, First North Carolina.
and Charles +. Huffman, Company c,
First North Carolina, have been honor
ably discharged from the volunteer
service in the army.
A mass meeting of the citizens of
Lincolnton has been held to arrang
for the reception and interment of the
remains of Lieutenant VIM. E. Shipp,
which will arrive in that place on Fri
day morning. A committee of arrange
ments has been appointed to carry out
the details of the burial, which will be
attended by many prominent citizens
of this state.
j. Y. Hamrick still holds the office
OF labor commissioner against the pro-
test of B. r. Lacy. Proceedings to try
the title to the office will not be reg
ularly instituted until April, when the
superior cuort convenes here; but it is
believed to be a certainty that if the
case of the State Prison VS.. w. H. Day
is decided in favor of the former by the
supreme court, the contention of Ham
rick will collapse and he will surrender
the office peacefully.
Salisbury capitalists are endeavoring
to have the North and South Carolina
railway pass through Rowan and offer
to subscribe for large shares of stock
as an inducement.
Sixth district cases were argued be-
fore the supreme court yesterday as fol-
lows: Smith VS.. Railroad, argued on
motion for certiorari by Cooper, Jones
& Kerr for plaintiff; Davis & Stevens
for defendant Waters VS.. Waters.
Commissioners VS.. Best, Miller VS.. Qua
no Company and jenkins VS.. Daniel,
continued by consent. Moore VS.. Rail-
road, argued by Allen & Dortch for
plaintiff; avis & Stevens for defend
ant. Mcmillan VS.. Railroad, certiorari
for defendant. State VS.. Tayloe, by at
torney general for the state. Slinguff
VS.. Holt, submitted on brief by Stevens
& Beasley for plaintiff; Simmons, Pou
& Ward for defendant (ten days allow
ed plaintiff to file brief.