The Holly chieftain., 1902-02-28
PROCEEDINGS OF THE EXTRA
SESSION OF THE STATURE

ing the Neeley amendment was lost
by vote Of % to b.
The House committee on corpora
tons reported on the two railroad com
| mission bills last Monday. The
Pitschke measure was indefinitely post
poned. and the Rallinger bill was sub
IUtted without recommendation.
The Senate Investigation committee,
which is trying IN 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 its consideration
OF the last SECTIONS, the amendments
being those necessary in order to trans
form the state board of assessors sec
tons into scheme for a state board
| of equalization. Tie amendments We're
ordered printed as fast as the clerks
could prepare them for the printers.
In the House Mr. Adams, of Dolores,
moved to amend section TOE Of the rev.
enue bill SO thai the auditor should
give written notice to corporations
which had failed to pay their tax in
stead of publishing the notice in
newspaper. "I'reen per cent of the
revenue derived from the fat tax has
been paid to two newspapers for pub
| fishing the list Of delinquent compa-
nies. They received over $1,000. II
this enormity is not remedied l will
vote against the entire bill" The
| House readily agreed to Mr.. Adams
proposition
! 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 tablins 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: 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. Farwcll. Mcclure,
Newell, Parks, Stewart, West-9.
|
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 n 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 a
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 80 the fiat tax presented a
report. 1t recommended that domestic
corporations pay 2 cents and foreign
corporations 1 cents on each $1,000 Of
capital stock; no domestic corporation
with capital stock of less than $685.
600 to be taxed. Foreign corporations
with stock of par value OF less than 81
to be taxed y. 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 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 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 It's purpose the dfverting of the
water of tie Gunnison river into the
Montrosc valley. He gave the history
of the bill repudinted the idea that
there was any politics involved. and
asked that the bill be taken lip section
by section, and that as few amend
meptx as possible be made. THE Gun
nison tunnel flows 1000 cubic feet per
second per day" said Senator Buckley
There are now in the MOntrose valley
10000 acre of partially watered land;