The Springfield herald., 1902-02-28
PROCEEDINGS OF THE EXTRA wo 3
SESSION OF THE LEGISLATURE

III
Representative Bell introduced House
bill IL, which provides for the repeal
of the submission clause Of the Buck
lin bill.
A motion by Mr.. Montgomery in the
House, to reconsidsr the vote adopt
ing the Neeley alfendmdnt was LOST
.py a tote of % TO 50, II :
n II. the house Mr.. carrilker offered an
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 c6mmitteeS
which is trying to- ascertain who tool'
the roll call ON the third reading of the
employers.lia bill, expected 4 a 70
report some day this week One ihter-
ested In the result of the investigation
said. last evening tliaf when the com
mIttee did report Something Would
drop"
11e' Morris resolution Sgsks 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 tthe
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 fhe 'biii, as recon;
mended in the report. and il n substap-.
,tial victory for the Bucklin amend
ment. The report was adopted by. the
following vote: AyesAAdams Gone
jos), Adams (Arapahoe), Ammons. An
near. Buckley, Bucklfn. Cobp Ehrhart,
Graves, Hallett, Hill, Jefferson. Lewis,
Moore. Philip, Roe, Roberts, Rush. Sci
domridge. Smith. Tanquary. Taylor,
Ward. Whitferd-2+ =, Nay'sH.Arthur,
Barela, Clayton, Farwell, Mcclure.
Newell, Parks, Stewart, Weest-9.
In the debate on the revenue bill in
the House, Mr. Ballinger of Park pre-
sented a compromise. for the mining
section, which met with considerable
favor. 1t provides that the producing
mines. shall be assessed for -0ne7half
of their yearly output instead of one
fourth, as file original bill; directs.
on-producing claims are to be as
heSSeu as OllleT Teill tstile, uhu thS
assessor shall take into consideration
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 a producer
as mine which outputs not less than
5000 worth of the precfods metals
annually, and he insists that. n9n-pro-
ducers be valued at not more than the
smallest producer, which wonld 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
tion S2-That all mines and mining
claims bearing; gold, Silver. lead, cop
per or other precious of 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
clnim or claims shall be separately val
ued for taxation. Provided further,
that nom 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 nny other matter which
may teHd to assist him In arriving at n
fair and equitable valuation of such
property.
Infthe House Judge Schwcigert 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 g cents''and foreign
corporations 4 cents. on each $1,000 Of
capital. stock; no domestic corporation
with a 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 Inst is intended to affect Colorado
promoters who are Incorporating Cont
panies in Wyoming in order that they
may issue stock Of a par valhe of less.
than 81. The committee also recon-
mended that insurance companies op-
Grating under the laws of tile 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 Spragne
proposition was defeated.
In the. House debate ON the. e.'reyenue-
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. me would not tax the Inde-