The Dolores star., 1902-02-28

motion by Mr.. Montgomery in the
House, 10 reconsider the vote adopt
ing the Neeley amendment was lost
by vote of 23 to II.
In the house Mr.. Carrinecr offered an
amendment 10 section 1f3 of the
revenue bill which would permit the
owner of an equity To buy in property
at the same price Us bid by the tax
buyer.
The Senate investigation committee,
who,h is trying to ascertain who took
the roll call on the third reading of the
employers liability bill is expected 10
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 ont, and the
resolution passed the house unani-
mously.
After n long discussion TIE 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 n substan-
tial victory for the Bucklin amend
ment. The report was adopted by the
following vote: Aycs-Adams Gone
josl, Adams tArapahoel. Ammons. An
near. Buckley. Bucklin. Copp Ehrhart.
Graves. Hallett, Hin, Jefferson. Lewis,
Moore. Philip. Roe, Roberts, Rush, Sci
domridge. Smith. Tanquary. Taylor,
Ward, Whitford-24 Nays-Arthur,
Bareln. Clayton. Farwel. Mcclure,
Newell, Parks, Stewart, West-9.
| In the debate on the revenue bill in
the House. Mr.. Ballinger of Park pre-
| sented n 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
vnt. but he wishes to define n producer
as mine which outputs not less than
$4,000 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 n claim of ten
acres.
The following is the text OF the Nee
/ n f.,. = .,c
mines. as adopted by the House: Sec
tion 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 unntented claims. shall
be listed and valued each yea-, and
shall he 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 n non-producing mining claim or
| claims shall lie 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 Il
fair and equitable valuation of such
property.
In the Honse Judge Schweigert on
behalf of the committee appointed to
redr1ft the sections of the revenue bill
| relating 10 the fiat tax presented n
report. 1t recommended that domestic
corporations pay cents and foreign
corporations 4 cents on each $1,000 of
capital stock: no domestic corporation
with IL capital stock of less than 3d.
900 to be taxed. Foreign corporations
with stock of par value of less than 81
to be taxed 2ia cents per 1000 shares.
this last is intended 10 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 op.
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 Spragut
proposition was defeated.
1
In the House debate ON the revenue
/, bill Nh Hollenbeck of Teller declared
; that mining properties should be treat
!, ed like other holdings. Judge Schwci
CERT has said that he would not tax
the mines at ALL" said Mr.. Hollen
beck. ne would not tax the Inde-
pendence, the Portland. the Vindica
tor or the other mines, the net outpu,
r of which totals millions. canno
r agree with him. If the mines escape
I the burdens of some other class mns
be increased. believe the assessment
of mines can safely be left to the as
. SCISSORS. They are familiar with til,
!, values in their counties. The farmer,
are not unreasonable in their request.
touching this matter. They stand witt
the real estyte owners and merchants
! of the mining camps. who inshst tha
| mines shall be taxed" He gave til,
8 following as the net output of tn,
grea. Cripple Creek mines for 1901
| pnrtIaud S127 S1A. IudananIauno