Gilpin observer. (Central City, Colo.) 1897-1921, 1902-02-27
PROCEEDINGS OF THE EXTRA
SESSION OF THE LEGISLATURE

A motion by Mr.. Montgomery in the
House, to reconsider the vote adopt
ing the Neeley amendment was lost
by vote of % to 80.
The Senate investigation committee,
which is trying to ascertain who took
the roll call on the third reading of the
employers liability bill, is expected to
report some day this week. One inter-
ested in the result of the investigation
said last evening that when the COM
mittee did report something would
drop"
The revenue bill is now ready to
emerge from the house committee of
the whole. That committee Monday
afternoon completed it's consideration
OF the last sections, the amendments
being those necessary in order to trans
form the state board of assessors sec
lions into scheme for a state board
of equalization. The amendments We're
ordered printed as fast as the clerks
could prepare them for the printers.
After n long discussion the Senate
voted to accept the majority report on
the Clayton bill to repeal the Bucklin
land tax amendment. This action re
suited in tabling the bill, as recon-
tial victory for the Bucklin amend
ment. The report was adopted by the
following vote: Ayes-Adams Gone
jos), Adams (Arapahoe), Ammons. An
near, Buckley, Bucklin. Copp Ehrhart,
Graves, Hallett, Hill, Jefferson, Lewis,
Moore, Philip, Roe, Roberts, Rush, Sci
domridge. Smith. Tanquary, Taylor,
Ward, Whitford-24. Nays-Arthur,
Barela, Clayton, Farwell, Mcguire,
Newell, Parks, Stewart, West-9.
The following is the text of the Nee
ley amendment for the taxation of
mines, as adopted by the House: Sec
ton S2-That all mines and mining
claims bearing gold, silver, lead, cop
per Or other precious or valuable met
ais, and the gross proceeds of possess
ing rights in unpatented claims, shall
be listed and valued each year, and
shall be assessed at their full cash val
ue. All surface Improvements and all
machinery located upon any mining
claim or claims shall be separately val
ued for taxation. Provided further,
that nOn-prOducing mining claim or
claims shall be assessed and taxed like
other property, according to the value
thereof; and in ascertaining such value
the assessor shall, in addition to other
requirements of this act, take into con-
sideration the location thereof. the
proximity to other mines or mining
claims, and any other matter which
may tend to assist him in arriving at
fair and equitable valuation of such
property.
In the House Judge Schweigert on
behalf of the committee appointed to
redraft the sections of the revenue bill
rQlatinp IN tho flat fay nracanfoH
report. 1t recommended that domestic
corporations pay 2 cents and foreign
corporations 4 cents on each $1,000 of
capital stock; no domestic corporation
with capital stock of less than $25,-
600 to be taxed. Foreign corporations
with stock of par value of less than 81
to be taxed 21a cents per 1000 shares.
this last is intended to affect Colorado
promoters who are incorporating COM
panies in Wyoming in order that they
may issue stock Of a par value of less
than 81. The committee also recon-
mended that insurance companies OPP
Grating under the laws of the state be
exempted from the tax. Mr.. Sprague
wished all domestic interpretations
with less than 100000 capital be eX-
empted. Mr.. Mcclure objected, con-
tending that one object of the law was
to force corporations to make annual
reports to the auditor. The Sprague
proposition was defeated.
In the discussion OF the Montrose
canal bill in the committee of the whole
Of the Senate, Senator Buckley took
the floor to explain the measure. which
has for its purpose the diverting of the
water of the Gunnison river into the
MOntrose valley. He gave the history
of the bill, repudiated the idea that
there was any politics involved, and
asked that the bill be taken up section
by section, and that as few amend
ments as possible be made. 1.-The Gun
nison tunnel flows 1000 cubic feet per
second per day." said Senator Buckley.
'There are now in the Montrose valley
100000 acre of partially watered land;
this canal will water $4,000 acres in
addition to completely irrigating this
partially watered land. and this will
bring practically the whole of the ter
ritory under irrigation and make it the
richest and most fertile spot in the
state. This tunnel has been demand
ed by all the people of the western
slope, without regard to politics.
Through the efforts of Congressman
Bell, the United States government has
made the survey at n cost OF about ST.
GOO, and also through his efforts town
ships 40 and 80 have been set aside,
consequently the proposition, with the
passage Of this bill, giving the board of
control larger powers. is in first
class condition and nearing consumma-
In the House debate on the revenue
bill Mr.. Hollenbeck of Teller declared
that mining properties should be treat
ed like other holdings. Judge Schwei-
CERT has said that he would not tax
the mines at ALL" said Mr.. Hollen-
beck. ne would not tax the indie
pendence. the Portland. the Vindica-
tor or the other mines, the net output
of which totals millions. cannot
agree with him. II the mines escape,
tho hiirdens NJ soma other cInsa tn,,st