The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-03-01


in narrowing down the margin for ne
cessary expenses in the counties. Ills
county did not want any additional
school tax. The people were tired Of
paying out money for tho education
colored children. If any county wanted
additional school taxes, let them sub
NIT it to vote of the people. This CRY
for more school taxes was more polit-
ical talk than anything else.
Mr. .Gattis said that this matter had
been considered carefully by the com
mttee. If this amendment passes. il
puts tax on the larger counties that
10 not want il and do not ask for
] do not believe the counties can stand
it. The committees erason for not
raising the tax was that so many Of the
counties were now compelled to levy
special taxes
Judge Graham said the gentleman
who were faVorng thi sincrease IN pqll
taxes should consider that the Stale
was being called on for large special
appropriation to equaize the school
term. He was Enthusiastically opposed
at increasing the tax on land and other
property The amount needed can be
collected in another way. There are
great corporations that are getting
large benefits from the laws Of this
state. and they are the ones that should
bear fair share of the burden | de-
ny that the land has been listed under
its valuations 1t is not fair that these
lands, which may have become unpro-
ductive. should be taxed more and let
these other subjects of taxation cScape.
There is nothing in the accusation that
nh rati Cs ~ no
children There are but few counties
that can get along On less than 20 ~
cents for general purposes.
Mr.. Moore proposed that the 20
cents be paid in the State instead Of the
county. Judge Graham said he would
not be willing 10 this. Nh. Moore said
il was natural the large counties should
object to this FOR tholr eighteen cents
was amply sufficient 10 carry on their
four months school term, while in the
smaller counties this was not the case.
Mr.. Spainhour thought the party waa
bound by its promises to give four
months school to every county. The
only question was, how il should be
done
Judge Graham asked if the 20 cents
did not have 10 be paid in the counties
in which it was levied If that is so,
and it is, the smaller counties would not
benefit from the general fund But by
taxing the large corporations, the
amount would go to all alike. More
over, these corporations are for the
most part located in the larger counties.
and if not taxed for the special appro-
priation merely swell the income OF
those counties.
Mr. MOore's amendment was lost by
a vote of y to 49,
s On motion Of MIR Robinccn, section
was adopted.
Mr. Moore withdrew his proposed
change in section 3, as it was dependent
upon the change in section ,. Section
3 was then adopted. on motion OF MI
Gattis.
Mr.. Gattis explained section 4. re
lating to bank taxation, Which provides
that the cashier shan pay the taxes di-
rectly to the State Treasurer: that the
shareholders who are residents of the
county liz which the bank is located
shall be assessed by the board OF com
missionerS Of that county. Residents
OF the State who are shareholders shall
list their shares in the county or town
where they reside. Non-residents OF
the State who are shareholders shall
list their shares in the county or town
in which tho bank is located.
The value of the shares sh-l bc
certained by adding together the CAPT
tai stock, surplus and undivided profits
and deduCting thercfrom the amount Of
real property owned by said institution
and divide the net amount by the num-
Der Of shares in said institution.
Nh. Rountree sent forward an amend
ment TO omit the undivided profits in
asccrtaining the individual profits in
agcertainng the value of the, shares
He thought it was not fai rto include.
the individual profits. for they were
held contingent TO debts or losses.
Mr.. Gattis explained that this had
been presided for by adding that IN
solvent debts due said institution may
be deducted fro mthc items OF undiVid-
ed profits or surplus sworn to and Cor
Earded to the Auditor.
Considerable discussion followed on
this point; Judge Conner favored the
amendment and Judge Graham opposed
it.
Mr. Rountree's amendment was fnal-
~ lost and section adopted.
on motion OF Mr.. Gattis, the commit
tee then rose, and Chairman Winston
reported the result to the ouse.