The times. [volume] (Richmond, Va.) 1890-1903, 1902-02-27
not be considered as talking against

NOT be considered as talking against
time.
MIR. NrooREs DEFENSE.
Mr. r. w Moore. fer the committee.
ably defended The recommendation Of the
report and said that all the economic
writers from Adam Smith down had
shown that tho only practical method OF
eaualizinS The burdens of taxation was
bv the system of classification of the
Subjects of taxation
The only way in which corporate prop
erty could be taxed with equality ana uni
forr1ity was to permit tile Legislature to
have free hand, Sc that as conditions
arose taxes could be levied according to
development OF the time
Mr. Hamilton spoke in support or Tue
amendment and elaborated the points
made by him last week in discussing the
same amendment He Denied that he
was making a fight for corporations.
A vote was taken on the amendment,
and it was defeated-yeas. is: nays, 26
Enough pairs were announced TO make
quorum.
NO REDUCTION.
MIR. Gwvn offered an amendment limit
ing taxation to % cents on the SlyU 1t
was almost unanimously rejected. Section
1 was ConcuTred III, as ieccHiihshoSu "
the committee.
Section . was adopted with an amend
nent offered by Mr. Turnbuil. provid-
ing for the rate of taxation on property
taken into a municipal corporation.
The section provides that all assess
ments of the value Of real estate and
tangible personal property shaii pe IL
their fair market value.
1t allows the Legislature after January,
1918, to segregate for the purposes Of tax
alton the several kinds or classes tot
property so as to specify and determine
,pon what subject local taxes may. be
levied.
This completed the report Of the Com
mittee on Taxation. and at 12:4o o'clock
The committee arose ard reported its COM
pletion to the convention. The amend
ed report was ordered printed.
EXECUTIVE DEPARTMENT
On motion OF Chairman Cameron, the
convention took up so much OF the re-
mort of the Committee on Executive De-
;.artinent as had been adopted in Com
mittee of the YVholc:. lie stated that Tor
some inexplicable reason the supple
mental report which had been submitted
ten days ago had not been printed, and
it could not be considered IN Co1Gn1it-
tee Of the Whole.
Section u, relating to the Secretary OF
the Commonwealth, was first conssd-
cred Judge Portlock moved to strike
out the requirement that hs be elected
by the people and insert "by tbs Joint
vote of tho General Assembly.
Chairman. Cameron briefly opposed the
amendment, saying it was a political Of
rec. and the committee haG unanimously
recommended that the Secretary OF the
Commonwealth should be elected by the
people.
The amendment was rejected-yea..
20; nays. g. n
AS soon as the vote was announced
Judge Portlock asked that some one
who voted in the majority would lodge a
motion to reconsider the vote; that 1t
was a very important matter and ne
wished to make a speech, but had lost
his notes.
AR. Lindsay moved to reconsider the
vote. and further consideration OF the
question was postponed until the after
noon.
Mr.. Ayers moved to strike out that
norton of the section which required
the Secretary of the Commonwealth to
nerforu the duties of the REGISTER OF
The Land Office and Of Superintendent of
Public Printing.
Pending discussion of the motion to
strike out, the convention at o'clock
took a recess until o'clock.
afternoon Session.
The first matter taken UP upon reas-
eembling Of the convention was the mo-
ticn to strike out the provision requiring
the Secretary of the Commonwealth to
perform the duties Of the Register Of the
Land Office. The motion prevailed-yeas,
81: nays, Il.