Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1901-01-31

srecial Correspondence Of Gazette and journal.
Dover, Jan. 30. The Holcomb Rail.
road Tax bills were introduced in the
House yesterday.
The preamble to each contains the
following: by act passed April 9Th,
1869, tax was levied upon tho rail
road and canal companies Of the State
Of 10 PER cent per annum upon an
squitable proportion Of the net earn
ings, and also tax OF one half Of one
per cent per annum upon an equitable
proportion OF the capital stock ut the
malket value. BY act Of August 18th,
1864, another tax Of 10 cents per pas
senPer was laid"
''By act of April Goth, 1887, says
the preamble to the act to readiust the
amount to be paid by the Delaware
| Railroad 90. IN Communication OF its
State taxes, "$3, 900 per annum were
received 10 communication. Under the
act Of first mentioned, the tax would
amount approximately to 100000 IL
its operation were not suspended by
the provisions Of the communication act
OF 1887
The act to readiust the amount to be
paid by the Delaware Railroad O.. Is
substantially as follows;
The State treasurer is directed to
collect taxes from tho Delaware Rail-
road 10. in accordance with the pro.
Visions Of tho several statutes imposing
taxes for purposes OF revenue; and il
the said company shall not pay the
sums as provided in this act, it shall
be the duty Of the State treasurer TO
proceed TO enforce the payment ty tho
said company of the taxes imposed by
the said statutes. II the Delaware
Railroad Co. on July lat, 1901, pay to
the State treasurer for the use OF the
State S40,000 ard shall on January
LIST and July lst in each year thereafter
until otherwise provided, by law pay
to the State treasurer for the use Of the
State $40, 600, such sums shall be ac-
and payment OF all taxes which would
otherwise be due and collectable from
the said company under the provi-
sions Of the acts passed August
18th, 1864, and Arril sth. 1869.
This act dops not abrogate or repeal
the provisions OF those acts, except
only that the payment Of the sums
aforesaid shall be in lieu of the special
taxes above named. IL any corporation
which may be liable to any tax under
the said two acts shall be consolidated
with tho Delaware Railroad Co., such
consolidation shall not in any wise
operate to sffeot the liability OF any
such company for any such tax. When
ever the Delaware Railroad Co. shall
30 adopt and adjust its rates Of freight
upon grain, fruits, vegetables, live
stock and farm products and duly pub
lishssuch rates and adhere to and en-
force them for six months, providing
and agreeing to carry and transport
such grain, &C., offered to 1t for ship.
ment atany ofiits stations In this State
for amounts proportional upon the
distance to be hauled and at rates poi
mile of haul not exceeding those
charged on like freight from Norfolk,
Va, during the year -----, via the Della.
ware railroad, to the same or similar
destinations, and shall produce salts.
factory evidence to the governor of the
State to satisfy him that such rates
have been adhered to, the governor il
directed to issue certificate Of such
effect to the State treasurer, who shall
then receive from the Delaware Rail.
road Go. In lieu OF all taxes payable te
him by 1t. at it's next semi-annual
payment, 500, 600 in lieu of the amount
provided and mentioned hereinbefore,
which shall be accepted, paid and re-
ceived under like terms and conditions
MS provided with respect to the sun
mentioned hereinbefore, and it is here
by expressly provided that this shall
not 10 any wise aproRate. repeal or altel
the provisions of either of the act.
mentioned and referred TO hereinbe
fore, hut shall not operate to suspend
the execution and enforcement of tn,
said several acts and Of section so fai
as the Delaware Railroad 90. Is con
cerned 80 long as such somi annual pay
ment shall be regularly and promptly
made and such rates published and nd
hered 60, or until 1t shall be otherwise
provided by Law, and further that moth
ing herein contained shall be constr ueC
to be n contract exempting or relieving
the said corporation from any tax Of
taxes which may be now or hereafter
imposed by law, except only that tn,
payment OF the sums aforesaid shall b,
in lieu Of the special taxes abov,
named provided that If any corpora
ton which may be liable to any tal
under the said two acts shall be con
solidated with the Delaware Railroad
Co, under any legislation of the State
such consolidation shall not in anywis
operate to effect the liability of an,
such company for any such tax.
''By act of April 18th, 1871 say
the preamble to the act to readIust til,
amount to BIZ paid by the Philadelphia
Wilmington & Baltimore Railroad 90
10 Communication of its State taxes
1897, 600 per annuni were received il
Communication. Under the act first men
toned, the tax would amount approx
mately to 500, 900 IL its operation wer,
not suspended by the provisions Of tn
Communication act Of 1S73.n Under th
proposed readjustment, the Philadel
phia, Wilmington & Baltimore Rail
road 90. Is tax will be $50, 0C0, payAbl
quarterly, in July, October, Januar.
and October.
stBy act of April 9th, 1885, " say
the preamble to the act to readjust tn
amount to be paid by the Delaware
Maryland & Virginia Railroad Go. Il
Communication of its Estate taxes. "s45
per annum were received In oommuta
tion. Under the act first mentioned
the tax would amount approximate
to $1,000 IL its operation were no
suspended by the provisions OF tn
Communication act of 1885, Under tn
proposed readJustment, the Delaware
Maryland 4 Virginia Railroad Co. IS ia
will be So, 200, payable quarterly.
by act Of April 9th, 1873" says tn
preamble to the act to readjust tn
amount to be paid by the Wilmingto
n Northern Railroad Co. in commute
tion Of its State taxes, $3.50 pc
annum were received in Communication
Under the act first mentioned, the ta
would amount approximately to So, 90
III Its operation were not suspended