The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-02-23
DRAFT
OF REVENUE BILLS
Joint Finance Committee Will
Introduce Measure During
First Part of Week.
HOLDINGS IN A. & N. C. r. r.
Status Will Be Investigated by
Special Commission and Re-
port Made to Legislature.
Especial to Tho TImes-Dispatoh. ]

Especial to Tho Times Dispatohl
raleigh, n. G.. February 22.-The
Joint Finance Committee OF the Gen
eral Assembly. with Senator j. L. Cook
and Representative r. r. williams
chairman OF each branch, has completed
It's draft of the new revenue and ma
chtnery bills that arc to be introduced
III both branches of tho Legislature
early next week. having placed the
oilis In the hands of the State printers
tor introduction I'm printed form.
IN tho meantime. members of tho
committee Will make no statement OF
the provisions of the bills. An in
crease OF at least s35o. 900 in tho states
revenue Is aimed at In tho bills. with
OUT raising tax levies OH property,
.nis. meaning something like $4,000
QUO taxes instead OF S3,25O,OOo state
taxes, as at present. REIMBURSEMENT OF
means rm lsa connfrg act Is the principal
mittee. especially in effective means
or collecting revenue on incomes in
heritances, franchises and kindred
sources They count on 100000. In
stead of $4,000 from incomes: $780,
600 from inheritnnccs. instead of S.
600, and 100000 from franchises In
stead of $4,000. Only fourteen more
days remain for this session. and two
OF these will be Sundays, and the ad-
luslment OF the revenue and machin-
cry bills will be the absorbing work
for the remainder Of the session
II Is conceded that there will be "a
special session next fall. and indica-
tons are that 1t will be decided to
create a State tax commission. have
complete new property assessment in
the meantime. with the pledge that no
moro taxes shall be raised under tho
new assessemnt this year than last
oNCept as required to provide the six
vided. s po-
The House passed Joint resolution
olered to-day by the Joint Finance
Committee for II special Legislative
commission to be named TO Investigate
me status OF tho States holdings in
the Atlantic and North Carolina Rail-
road and the offer OF Il. c. Duncan to
purchase the stock at SIS per share
anu report 10 either an adjourned or
special session or the next regular
session OF the Legislature. The reso-
luton goes to the Senate for adoption
me House passed on final reading
the heiium bill for the State to issue
semi -annually 100000 State per cent
bonds to cover county per cent bonds
for road building, and the bill goes
to the Senate
The House passed the Kellum bin
to regulate elections I'm Wilmington,
comprehensive corrupt practices act
Great numbers of public local calendar
bills were passed.
The Senate and House will meet in
joint session on Tuesday to elect trus-
tees OF the University of North Caro-
lima.
The Senate has set the Torrcns land
title bill for special order on Tuesday
night.
Senator Jones offered resolution
that II Is the sense of the General As-
sembly that the State School for the
Blind be moved from its present site
In Raleigh to lands either OF the Agri-
cultural and Mechanical College or the
state hospital here. to give more room.
He demanded that the resolution be
put on immediate passage. charging
that bill to this end is being unrea-
sonably held up in committee. Scna-
tors stated that the report from the
committee would be forthcoming very
soon, and therefore the consideration
Of the Jones resolution was not pressed