The Montgomery advertiser., 1901-06-25
manner as for the state officers.

Referred to Committee on Legisla- tive Department.
 MT. Henderson. in the rear of the hall. desired to be recorded as present. MT. Reese-I make the point of or der there is a rule providing for the manner in which gentlemen can have their presence noted.
 The President-The rule is that gen. tlemen wanting to be recorded as pres ent can have that done by notifying the Clerk.
 Leave of absence was granted to Mir. B Macdonald for this afternoon.
 The President-The order of business this afternoon will be the consideration of the report of the Committee on Tax ation.
 MT. Browne-Before gong into the consideration by sections of the Article as reported by the committee, desire to briefly state for information of the convention the amendments proposed by the committee. In Section the only amendment proposed is that mo tax 'N shall be assessed upon any debt for rent or hire of real or personal proper ty while owned by the landlord or hirer-
 Mir Waddell-I rise to a point of or der.
 The President-The gentleman Will state his point of order.
  that the consideration of this Article must be taken up section by section. That is the order and the gentleman IS reading a report made by that com mittee with which we have nothing to do.
 Mir. Oates-I rise to a point of order. The universal parliamentary law In all legislative bodies is that the chairman of the committee who is reporting any thing is considered to have the right in the introduction to explain the whole matter to the body, which l presume the delegate from Talladega is doing. and when you come to consider, Of course it is to be read section by sec tion-I do not understand that it is to be done now.
 MT. Waddell-I insist that this report of the committee was read; 1t has al- ready been read, and that courtesy has already been shown, but he is re-read- ing what has already been read.
 Mr. Browne-I move to amend the first section of the Article as reported by the committee by adding thereto every other section as reported oy the committee, and upon that desire to be heard.
 The President-The gentleman will proceed.
 MT Browne-section 1, as amended by the committee-the amendment as proposed by the committee to Section provides that no tax shall De assessed upon any debt for rent or hire Of real or personal property while owned by the landlord or hirer, during the current year of such rental or hire. and when such real or personal property Is as- sessed at its full value. That amend ment was introduced to meet a recent decision of the Supreme Court, wherein they have he'd that rent note or any otker contract for rent was taxable during the current year in the hands of the landlord, notwithstanding the property for which 1t was given was Assessed at its full value. The commit lee conceived that to be double taxa ton in its worst form, and, therefore, provided that amendment. There IS no amendment to Section ?. Section has been so amended as to provide that the Governor may negotiate tenn porary loans never to exceed three nun dred thousand dollars, whereas hereto fore that loan was limited to one hun dred thousand dollars. A further amendment has been proposed to that section providing for the refunding or the States bonded indebtedness. AS the section stands in the present Con stftution, there Is a provision against the States creating any indepted- ness. but that it should not apply +o funding the existing indebted mess of the State. That indebtedness hes already been funded, and this pro Vfso ia changed so that the section snaH not appIy to the refunding of the pres ent bonded indebtedness of the state Section has been amended by limit ing the rate of taxation TOT state PuE- noses to 65-100ths of one per centum' instead of 3-4 of one per centum. Here desire to say that there were several ordinances introduced and referred to +bA Committee on Taxation looking to the lowering of the State rate Of taxa fion Some of those ordinances put the State rate-limited It t6 55, some to oO, some to 62 1-2 and one to 6e. The committed after most thorough and carafu1 examination into the finances of the State. and after long confer enca with Judge Cook of the Auditor s office, determined. to recommend the limit of -10Oths of one per cent, ana desire to be allowed the privilege to incorporate, without making an oral statement, the figures in my remarks for publication in the stenographic re- port, a statement showing why and how this limit can be safely placed upon State taxation. Unless objection is made. I will not read these figures, but will ask unanimous consent that they go into the stenographic report as part of my remarks.
 MT. Foster CIuScaloosa)-1 opJect. The facts ought to be known l would like for the figures to be read.
 The clerk then read the statement as follows:
 Statement No. 1:
 Estimate of Auditors Ohice of re- ceipts and disbursements for fiscal yelr ending September 30, 1901, made October 1. 190O Tctal estimated receipts. 2.547, ,500. % Total receipts will be....... 2,S12,S11. Il Excess of receipts over
 estimate. .. ..............$ 265,311. il Estimated disbursements. .$2, ,526, ,970 % Disbursements will be-. 2,754, ,043: :09 Excess of disbursements
 over estimate, ...... 227,073 09 Excess of actual receipts
 over actual disbursements. 5s76S.02 The above receipts and disbursements are arrived at as follows:
 1901.
 June IS, amount cash re-
 Ceipts to date. e..............$ g. 512, ,31l Il Estimatedrreoeip to Sep
 tember 30 1901 1............ 200, ,500. % CEstimated at about the
 same rate of increase over
 receipts for same period of last year as has been the
 receipts to June IS. 1901.