The times. [volume] (Richmond, Va.) 1890-1903, 1900-03-04
Its Claimed the Measure Will Bring
Much Money Into Treasury.
MR.. COGBlLL OPPOSES TIE ACT.
Hc says it is Undcmocra'ic aud vicious
in Pr;nciplc-Scnator Barksda,c
Tried TO Have Vote Ecconsia-
ercd But Failcd-E'nil Text
orthc Bill Which Awaits
Governors Signature.

A hill that will create nc" ONCE All
every CITY and county in the State mas
passed both branches of the General AS
sembly, and now awaits only the s!sHa-
ture of the Governor in order that IL may
become u law
The measure provides for the appoint
mont of a commissioner Of vaiuadon'
and defines their duties. 1t was ohereu
in The House by Captain Parks, OF fase
County. The bill came up in the senate
Yesterday afternoon, and occas!olieU =
lively debate.
Senator Wickham supported H. anu y
plained that the duties oil the co,iiiii..-
sjoners provided for would be similar ~
those devolvinS upon 'he eA'
fiduciary accounts.
senator Cogbill opposed the bill on the
.round that it was undemocrauc ana :
,.ious In principle. lie said that II olo hot
even require that the appolnlee siiouiU
reside in the city or county Whele ~ -
10 perform his work. In Nj. @os piAi :
judgment the Commissioners OF the l'eN
enue were honest and capable men, ana
they could see to il that all properly
was properly listed for taxation.
The bill was supported by senator M
ris, who claimed that it would result IN
bringing into the treasury great dea!
OF money from those who now dodge the
tax law.
After the bill had been passed Senator
Rarksdale came down from the Char
and appealed to the Senate to reconsider
dts ae.Eon. but by Vote OF - ayes TO ID
noes, the motion was voted down.
THE BILL.
Following is the tex! Of the bill:
/. Be 1t enacted by the General Assem-
bly of Virginia, That for each city ana
county of this Slate there shall be ap-
pointed by a board, consisting OF the
Auditor of Public Accounts. Second Audi
tor. and Treasurer, a commission of Taiu-
ations OF personal property and incomes,
VINO snail held Office Tor a term OF nFe
years. and who shall discharge the du-
ties hereinafter specified, but who, before
entering upon the discharge pi SAD du-
ties Shall qualify before the corporation
or hustings court Of the city or county
court of the county for which he Is ap-
pointed, and enter into bond in the pen
alty of FIVE thousand dollars. conditioned
fer the faithful discharge of has duties,
and rayable to the Commonwealth or
Virginia The term of Office OF the COM
,,ri-s;oners first appointed after TINS aFt
roes into effect shall expire on the SlSe
day of December, 1904, or as soon mere
after as their SUCCESSORS shali nave lua'i-
fed.
2. Ii shall be the duty of the commls-
sfoner of valuation TO ascertain ana re-
,,or.t 10 the caurnissiroer OF the revenue
Of his city or county annually. as OF the
ISL of, February Of each year. the Vaiua-
-jon of the following personal properly
md incomes belonging TO inuiSiu"ais
firms. or corporations (other than> me
corporations row reporting direct 10 'he
Auditor of Public Accounts, resldihg OF
doing business in said city or county, ana
subject to taxation under the laws OF sa'iS
State-namely:
WHAT TO REPORT.
,,,rs+ All moneys. bonds. notes, or
ote,er evidences of debt, and all stock ana
shares of stock.
second. All incomes in excess OF the
exemptions now allowed by law
Third. All capital invested, used, OF
employed In any trade or business.
Fourth All capital. including money .
credits, or other thing remaining lnNesteu.
whether said investment was orlSlnaliS
,,,,ao In ,his or any other State or coun-
Try loaned, used, or employed in bus1-
ness in or out of this State
Fifth, All capital of any JOINT STOCK
company not otherwise taxed
sixth All moneys on deposit with any
hank or other corporation, firm. or per-
son.
This section shall apply to persons ac-
t,,aly residing or doing business III Saiu
city or county. though said person ciaim
/, residence elsewhere in tie State. but IN
suop, eases the report provided for by TINS
az. shall be made to the commissioner
of the revenue OF the county or corpora
ton where such residence is claimed
TIE commissioner of valuation may ap-
nly to any officer of this State or apply
to or summon before him any officer 'or
aren't of any corporation, company, or
firm. or individual member OF said firm.
or any person having knowledge of or
snten,st In any matter about Which the
commissioner of valuation is authorized
70 INQUIRE TO furnish any information
such person may have relating thereto.
and In all cases the commissioner OF
valuation may administer an oath TO
any person to make true answers TO such
questions as he may ask in relation TO
any such matter. If any person, 1irm. or
corporation summoned as aforesaid fail
or refuse TO submit the examination,
or fan to disclose any matter in his pos
<sassIon, about which the commissioner
Of valuation shall interrogatc him. he
shall forfeit not less than thirty nor more
tassn one thousand dollars for each
faf1ure or refusal.
PUBLIC INSPECTION.
4 When ascertaaned. the valuation Of
such property shall be entered by the
commissioner OF ralawGion in books TO
be ke.t by him for that purpose. ! in
alphabetical order of persons or cerpo-
ra,,ons subject TO taxation: and which
said books snail 3e kept open to public
inspection for examination and correc-
tton for a period of thirty days com
1nsncsng May lst OF each year,
The commissioner of valuation. pre-
ylous TO and dGrirs the TIE the said
books are open TO public inspection. shall
advertise the fact in such manner as
he may dcem most advisable, or as he
shall be authorized by -the Auditor Of
PubXc Accounts.
4. The cu-nmissioner sf valuat ton may