Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-02-18
rn,ust .,t,ack ON Eichmond bankers

Unjust Attack on Rchuund bankers
w Hll.ii the bankers Of Richmond are lead add
relief from the present hurdcnsomc and OK
CeSSivc asscSsment-O bank stock. relief
which. if supplied. will enurc 10 the benefit
of all the banks OF the state OF their many
thousands OF shareholders. and of the public
generally. il is douby unfortunate that these
leaders of just cause should become the
objects OF partisan and baseess attack
The Senate bill relating to the taxation of
bank shares. which has been ordered to it's
cngrossment. provides for the paymen, of
this tax into the State Treasury on or before
June | OF each year The bill further pro-
vides that on or before July ) the portion of
the lax segregated TO the localities shall be
paid over to the treasures OF the counties and
cities. II is true that the bill. as originally
introduced. fixed September as the date
of the latter payment, hut the measure was
amended in this particular in others
The Roanoke Times. doubtless having some
avenues of information ON this subject that
are closed TO the common herd says that lin
the plans being made regarding the collec-
ton of the tax bank stock we read with
a great deal of interest that il is proposed to
collect the tax when il falls due and to re-
tain the collection in Richmond banks
This dreadful apprehension followed by
some musings TO the effect that tho Roanoke
against holding The money for tho State until
the first OF September leads the Times by u
ma ural process OF reasoning to the follow
ing conclusion:
Richmond bankers have gotten about
all they have ASKED for regarding ia
states moneys. ana think il is ahou
'imo that other cities I'm the state. Roa
mokc, Tor instance. should got what is
proper and right The States money
IS II" more iichm"nd's than HoAuukcs
IA I'm hay. ,.i,.,r
az this money should look after the in
'ereSts OF other cities in the stat" just
as CLOSELY as they look after HichnIo,ld.s
interest. The money Of the state OF
,"H'hl' should t." scattered all over the
stat" IN n" state repositories and th,
Roanoke Times for one Will work To that
end.
Now the facts are. of course. thai STATE,
money received in payment of taxes is kent
in certain State repositories. which were
thir'y in number until Tuesday. when the
Governor signed a bill increasing them. and
which are situated in various cities If
money is placed in Richmond repositories
rather than in some others. it will be because
INC pubic convenience is better served Nv
following that course. Certainly il is not
made mandatory by the measure under dis
in these state repositories which were
cusSioh. The total period for which any de-
pository can hold the localities proportion of
the tax is exactly six weeks
The only purpose that can be served nv
such unfoundcd charges. as for examine
that the Richmond banks are behind the
movement 10 hold the money collected as
bank stock tax is to excite the animosity of
bankers in other cities against their col
leagues here. il is quite untrue that Rich
mond banks or bankers have taken such ac
non or that they have contemplated any
thing of the kind
There appears to be some hone thar ,be
Conference Committee on Tax Measures now
in session, will take steps for the relief or
the banks from their present intolerabJo bur-
den That hope will be destroyed if bitter
hesses and jealousics are created among
bankers, and the whole State will be the suf-
ferer.