The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-01-28
MONEY TAX BILL
PASSES HOUSE BY
VOTE OF 80 TO | I
CONTINUED From First Page.)


asking 2-cent rate when 1 got here.
We have done the best we could,
have. made good fight, and have gone
on record for collection at the source
tho vital point of the bill We recedcd
from our position of 50 cents solely
I'm the hope of u compromise.
This Is an emergency. and as this
matter has been stirred up. and with
only three days remaining between
this and the 1st Of February. the Bill
must either go through this way or not
at all. While IL does not represent my
views. am going to vote for II as the
best ] can get"
III would not say anything" said Mr..
Gordon. of Louisa, unless l thought
we were facing "a crisis. In the last
ten years the taxes Of this State have
been doubled through increases In tho
assessments. Auditor Moore enforced
the old statut. Of 1878 that he found
a dead letter on the books Why was
II that he has gotten after everybody
will! grand juiics about taxes? The eX-
travagant appropriations of this House
made ii necessary for him TO have
money.
Ask Exemption. Says Gordon.
The bankers ask that we exempt
them or practically SO. They ask us
not only to place the rate at 20 cents
on 500, but not to collect IL at all
TO let the honest man pay and the tax
dodgcr go free. II there be an emer-
gcncy, no matter what brought it
about, how are you going to explain
TO your people that you have voted for
20-cent tax rate on money when
the TAX on horses and cattl- and farm
property and land Is now from $3.50
To $50? The emergency Will pass az
soon AS this bill is passed. On what
principle of equity do you tax one
mans bonds at $50 to $50 on 500.
and another mars money Al 30 cents?
And. then, you don't require the man
with money to give IL in at all. Your
only excuse was that you were going
to make II productive Of revenue.
and you can only do that by taxing 1t
mt It's source. We do not want any law
that will place on an honest taxpayer
any burden heavier than that he is
now called on OF bear"
Mr.. Hobson, of Richmond. sought to
cut short the debate by moving the
pending question, but was met by a
storm OF protest. IF you try to cut Off
debate YOU will lose lot OF rotcs,"
said Judge Williams, and the motion
Was withdrawn
White opposes NH.
Il am opposed TO this bill" said Hugh
a. White. In my opposition ! have
ai 'i''i am sorry NJ his matter Vas
started. l think the moral effect is
going to be bad. have yielded some
but the House rejected my motion to
make this act OF a temporary nature
10 apply only for the next two years.
The emergency. whatever 1t vas. Is
gone now. No more money Is going
TO be taken out OF bank. aud speak as
bank director. could have agreed
on the amount and would have COM
promised on even a lower rate, had ii
been collected nj its source. II is an
entering wedge 10 exempt from TAX :
alton stocks, bonds and all forms Of
bills receivable--in fact, all intangible
property In this bill you practically
exempt s20D.0o0.0G0 OF property from
n N,. e.
doctors of the State OF licenses aEgre-
eating 100000 year. Their there will
which we don't know. but which strike s
from taxation much other Intangible
property You might as well go on to
the Henry George single tax theories
1T once. and place the whole burden
on real estate owners and be done with
IL I have heard II intimatd that IL
alton. that ;h!s House viii then vote
a.slins, an extra session for the reform
OF the general burden Of taxation.
Biii IL Defended.
Delegate Love. OF Lunenburg. de
tended the bill. The people OF Vir-
ginia are honest he held. and while
hoy ala not return money FOR taxation
under the old prohibitive rates. they
would 10 50 when the state treats them
Dodson. OF P!ttsylvania. said his peo-
pie demanded Keller from the present
money tax rate, and that he stood for
the lowest rate he could get,
I'VE have tried TO collect this tax un-
der the present system" said Mr.. Pitts
OF Albemarlc. and have made an ut
ter failure at rates varying from $50
20 So. believe the people viii report
their money 1T this low rate"
81 this bill were passed he would
recommend to his board that the bank
pay the entire tax on its deposits. as
an ADVERT semcnt. and so cause others
70 take the same course said Mr..
Hobson
we want some better assurance
that this tax will be collected than
that" commented MIR. Gordon.
Surprised mt Farmer Members.
This has been Of the greatest
surprises that | have ever seen get