The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-01-27

'@iS IihllcT. asked MI. W mite.
Il did" answered Mr. Weaver al
did do some travelling without hope or
promise of reward, believing that my
people wanted this Legislation ] rep
resent over 1000 bank depositors in
Clarke and Warren Counties, on the
west Virginia line. and my people
know that If something is not done,
'huch OF the money now in the banks
or our section Will be transferred TO
hanks outside Of the State which are
| almost as convenient. Now, as TO the
member who has Just asked me about
travelling over the STATE with officers
of the Bankers Association. he IL AL
ways attacking some ones sincerity
In the last session / heard the mem
per from Rockbridge for two days ON
thi* ioor argue that tie enabling act
"as unconstitutional. heard him on
| ms floor ask God TO witness that he
would never vote for such an uncon-
stitutional piece of Legislation. and vet
on last Friday. saw him in this House
vote for that very act. Consistency
thou art a Jewell,
Delegate White Replies.
III you do not represent the Virginia
BANKERS Association" asked Mr.. White
why did you rise on this floor to
state that the pamphlet a Plea for
Justice issued by the taxation com
niittee or that association does not
/ represent the views of the Bankers
Association? Where has there been
any Reputation OF that paper. with it's
request for a S5-cent rate b. the Bank
ers Association? 1t says that that rate
VIII bring about a great err OF pros
perity. You Will note that 1t doesn't
use relative terms. or refer to lower
rates-it says that rate will do the
thing. They on record that IS
cents on 500 vii bring capital into
this state and IL will do it"
They came here and tried to push
down our throats 2-cent bill" said
Mr. Myers, OF Richmond. They have
had M treading on thorns for the past
two weeks. until ! have about made
up my mind tina, ] have offered for
| public office for the last time. do not
represent tn" bankers of Richmond
or the Virginia Bankers Association.
They have gent to influence ME my
lifelong friends. and have tried in
every way To get nay vote Officers OF
| the Virginia Bankers Associa ton have
been through this State manufacturing
panic To use rs Il threat over the
| Virginia Legislature to force us to pass
/ such laws as they demand. What will
/ become OF the market for State and
/ city bonds If people may put their
'noney in savings banks at per cent,
/ and pay only nominal tax on it?'
Costs si2-5O Minute.
Mr. Pennington, OF Lee, spoke briefly
| In favor or getting together on work
/ able compromise He had calcula ted
! that IL costs the State of Virginia
| Si2.50 minute for a member to speak
OF the floor OF the House of Delegates.
and in view of that fact. he thought
as little time as possible should be
wasted. Mr.. Adams. of Charlotte, ar
! gued at length for the plan of col
lectng at its source. Every farmer
I in Virginia, he said. was taxed on his
/ land and on his stock While il was
proper that the rate should be lower
because of the fact that money is as
sessed at its full value. he thought
! there should be some adequate way OF
/ reaching and assessing it: otherwise
there would not be that desired equal
! ity before the law.
Mr.. Gordon, OF Louisa, also favored
the principle of taxing at the source
This is the first attempt in the his
/ tory of Virginia" he said. ito exercise
| this dangerous power of segregation
| a power allowed for the first time in
the Constitution of 1902. and which
has not been used up 10 this session.
The question of taxation at the source
is the real issue. What is the use OF
putting tax on bank deposits-a tax
| that nobody ever has paid, or ever will
! pay, until some adequate way of col
Letting 1t is provided? I am willing To
! compromise on the amount. had
| rather have 10-cent rate collected at
! its source, than n 25-cent rate collected
I as heretofore"
Vote on Amendments.
AIR. Clement moved Il recess until s
| o'clock, which was rejected Mr. Hob
son moved the previous question, which
would have had the effect of climinat-
| ing all pending amendments and sub
stitutes and placing the vote on the
main bill rs amended. fixing tho 20
/ cent rate. The roll call on the motion
I ordering the previous question SHOWED:
/ ayes, 46; noes. 80, and was declared
! rejected. not having 81 two-thirds ma
/ jority. Mr.. Stephenson moved to adj
J journ, which was rejected and Mr.
/ Houston moved tho pending question,
which was adopted. and the House
| thereupOn began voting on the amend
ments in order. The Pennington
amendment eXempting money held on
| deposit for other persons, was reject
ed, as was the White amendment OK
empting the first 500 from taxation.
| The White amendment providing that
of the 20-cent tax, 10 cents should be
for the general support of the govern
| ment, and that the other half should
| be set apart and appropriated for the
primary and grammar schools of the
State. was adopted. The oliver
|
schools. one-fourth to the general gov
eminent and one-fourth to pensions.
| was rejected.
| The Test Vote.
Mr.. Chalkley offered as an amend
ment to section 4 of the Weaver bill,
sections 2 and of the Jordan substi-
tute, providing for 25-cent rate and
for collection mt the source
| This brought the issue OH the lines
advocated by Governor Elect Stuart
squarely before the House. and after
a good deal of manouevring. roll
call was ordered, and the amendment
was rejected: ayes, 80; noes, 56. by the
| following recorded vote. which was
considered indicative of the lineup Of
the House on the main Issues involved
| in the controversy:
For the Chalkley amendment making
tho rate rs cents and for collection Mt
the source: Messrs. Adams. Baker, Bar
| ley Bontfant CawthOrn Chalkley