The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-03-20
COMPANIES SEEK
STATE LICENSES
Believe 1t to Their Interests to
Quit Doing Underground"
Business.
RESULT AGITATION
Hot Fight Is On for and Against
Commission Form of
Government.
special to The Times Dispatch. ]

Special to The Times DlSpatcn.l
Raleigh, y. c. March l9.-Commis-
sioncr OF Insurance James i. founS
has received applications from eight
mutual IRE insurance companies for
licenses 10 do business in the State
in the regular. way, instead Of doing
an "undergronund" licensed business
as in the past. The companies Is most
" cotton mill Insurance. These APP
ulications are believed TO be largely due
10 the effect OF the bill introduced by
senator Cook 10 require insurers IN
these unlicensed companies TO deduct
tho state tax from premiums before
settling with the company. The bill
was rot passed but il brought about n
thorough airing OF the matter and i'm
pressed the companies that II is 10 tie
best interest cf them s we'll as all
others concerned for the rights and the
authority Of the state to he recognized,
Professor {. r. Mcintosh arrived this
morning from Durham TO take up his
duties as chief clerk in the State De
partmcnt of Education lie accepted
the place yesterday from state SUI
pcriutendent .royncr and arranged 10
give mp AT once his position as
teacher in the Durham city schools. lie
is thirty years old, graduate OF the
University of North Carolina, class OF
1909. and has been with the Durham
schools three years.
The Supreme Court will cali Eighth
District appeals for argument on Tues
day OF next week IN the following or
der: state vs.. Marsh: State vs.. Drake
ford State vs.. Gray; Sewerage Com
pany IS Monroe: Bnford VS. steele;
Watson VS.. Einson; Dockery VS.. Ham
let; Danrertart vs.. Railway; Gore VS..
MCPHERSON: Graves VS.. Cameron: Nc
Connell vs.. Railroad.
How Did Il Iinppcn.
\ special topic here to-day III state
house circles was how it happened that
the franchise tax Of corporations got
tangled in the new revenue act so that
the original corporate franchise tax OF
nc-hfteenth of per cent came
through for ratification instead of one
twcnty-fifth Of per cent rate TO
which the bill was amended by the
Senate and adhered To in the confer
ence committee in spite of efforts OF
Chairman Williams of the House com
mittec aud others. IL develops that the
Senate amendment was a second
amendment written on a single sheet
OF paper There is Senate rule
against having more than ono amend
ment on a sheet, but in this case the
two amendments were acted on in this
way. and when they went TO the en-
rolling clerks office the copyist failed
ments on the sheet. copied the first,
and the other. the change in Ehe
franchise taN. was dropped out. The
change in the franchise tax makes only
a difference OF ST in the taxes $4,000
corporation will have to pay, COM
pared with tho rate the Senate thought
il was forcing into the act. However.
tho difference becomes considerab bly,
moro noticeable in millions and ten mil
ia "a al tinne cfrilSinp
ciallv the domcst icated corporations of
high capitalization.
The Boliok Spring Steel Whccl Com
panw, of Conovcr. y. c., has been char
tered with $4,000 capital authorized
and s4.7oo subscribed, by Jerome
Rolick. tho piedmont Buggy Company
and others for manufacturing and sell
ing in twelve Southern states the
huccy-surrcy and light delivery wagon
patented by Jerome Bolick.
Another charter is for the Dennis
Telephone Company. of Salem Chapel
FORSYTH county, capital $4,000 au-
thorzcd and $1,000 subscribed, by a.
". Medium and others for rural tcle-
phone service.
Charter amendments change the
name Of the Baldwin Grocery Company.
Rockingham. TO the McRac Grocery
Company, and tho name OF the Eastern
Dredging Company Greensboro. 10
Thompson & ..Mos.eLey:" Inc.
There is charter for Miller. Robins
& We'll. Inc, Greensboro, capital $50.
600 authorized and $4,000 subscribed,
nv c. W. Miilcr, {. =. WE'LL Marina
duke Robins and others for real estate
Development business.
Contest Is Heated.
Tho contest over commission form
az government in Raleigh is getting
10 rcd heat, and the commission form
has lighting chance. There is much
division OF sentiment and some very
strong interests are fighting the move
ment At a mass meeting last night
IN the auditorium a committee of eight
leading citizens was named. including
w. y. Jones. \. y Thompson. Joseph
y. PoGuc. and others, 10 direct the
fight for commission government win
campaign fund and work ers to bacl,
them Mayor Murphy. Of Greensboro
delivered an address on the advantages
~ commission government. presenting
the matter from the viewpoint OF the
experiences OF Greensboro Hon i
W BAILEY made stirring speech in
Tie interest OF commission govern
nent, impressing Ralcighs need for 4,
10y recitation OF many OF the CITY,
short comings. especially in high DEAN
rate thirty one TO the 900 !nhabl
iants--and high tax rate-S@51 on In.
$40. wiki steadily Increasing bondoc
indebtedness.
IN appeal came to-day 10 Governo,
''rag from Graham county for a iudr.
70 be assigned to huld court ,bern ,t,t.