The Lamar register., 1902-02-26

hh ciAA-
A motion by Mr.. Montgomery in the
House. to reconsider the vote adopt
ing the Neeley amendment was lost
by vote of % to 81.
In the house Mr.. Carrlnger offered an
amendment TO section 113 of the
revenue bill which would permit the
owner OF an equity TO buy in property
mt the same price as bid by the tax
buyer.
The Senate investigation committee,
which is trying to ascertain who took
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 Morris resolution asks congress
to exclude Japanese as well as Chinese
labOrers from this country, and re-
quests the Fourteenth general assem-
bly, to prohibit the importation of con-
tract labor into Colorado. The latter
provision was stricken out. and the
resolution passed the house unani-
mously.
After 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-
mended in the report, and is a substnn-
tial victory for the Bucklin amend
ment. The report was adopted by the
following vote: Ayes-Adams Gone
jos). Adams (Arapahoe), Ammons. An
no pn.l.Iin rnnn t.hrlurt
Graves. Hallett. Hill. Jefferson, Lewis,
Moore. Philip. Roe, Roberts, Rush, Sell
domridge, Smith. Tanquary, Taylor,
Ward, Whitford-24. Nays-Arthur,
Barela. Clayton. Farwell, Mcclure,
Newell, Parks, Stewart, West-9.
In the debate on the revenue bill in
the House, Mr.. Ballinger of Park pre-
sented compromise for the mining
section, which met with considerable
favor. 1t provides that the producing
mines shall be assessed for One-half
of their yearly output, instead Of one
fourth, as the original bill directs.
Non-producing claims are to be as
sessed as other real estate, and the
assessor shall take into consideration
the claims proximity to producing
property and their market value.
Speaker Montgomery. on behalf of the
mining interests. has consented that
producers be valued at half their out
put. but he wishes to define producer
as mine which outputs not less than
5000 worth of the precious metals
annually, and he insists that non-pro-
ducers be valued at not more than the
smallest producer. which would be not
more than $500 for claim Of ten
acres.
The following is the text Of the Nee
ley amendment for the taxation of
mines. as adopted by the House: Sec
ton S2-rhat 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 mt 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 n
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
relating TO the fiat tax presented a
report. 1t recommended that domestic
corporations pay = cents and foreign
corporations cents on each $1,000 of
capital stock; no domestic corporation
with capital stock of less than S25,-
600 to be taxed. Foreign corporations
with stock of par value of less than 81
to be taxed 2la 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 n 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 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 Inde-
IN pnrtlnnI
tor or the other mines, the net output
of which totals millions. | cannot
agree with him. If the mines escape,
the burdens of some other class must
be increased. l believe the assessment
of mines can safely be left to the as
SCISSORS. They are familiar with the
YalueS in their cnuntieS The farmnrs