The Richmond Virginian. (Richmond, Va.) 1910-1920, 1915-04-01


tnrtlay that the Increased yaiua-
tion In property I'm this city would
result In an increased income for
The CITY sufficient To cover what
ever revenue may have been lost
by the act of tile Legislature In
the passage OF its segregation
laws,
Member OF the Board OF Alder
men last night agreed that while the
financial situation Of tho city was not
20 the liking Of many OF them. there
was no chance CT an action In bank
ruptcr. ~.
The board passed resolution, e.
rere6 by Alderman Melton, amending
the resolution presented py the N
nance Com sntttee. fxing the TAX Fals
on real estate and tangible persona
xropertv at sl.s5, which. with the
trn-cant state tax for schools, makes
the rate 81 taxation In Richmond Tor
the coming year the same as IL ls
chairman Grnndy OF the Finances
Committee. wanted the proposed
resolution Tcr An increase adopted
and h arguing his point he oroish.
ol,f ne fscf that tine city now STOOD
deeply in debt because approptsh"
.ln4s had been made far beyond tl'
anticipated INCOME.
Tfas settlement hy Col"nei Grumpy
ala rot snake the confidence Or Sae
other members of tile board. heE
at fait that when the city needed
Aaythsns it could gel H.
{, nal baen anticipated that tne
resolution a:'opted et the Flhai@e
s,n.,Yo,t,44 presented last night. al
Va ap.pia aes~ien of tho board
totilo 10 adapted aithow dissent
any vnt. rhsr@ are four mem peFS
~ tn. FINANCE Committee ea ire
Janar9 ~ Aldermen. Messrs. 6runo$'
,tlrna,s. aieftan and Workman.
t.rundy ior Original Proposal
Alderman t;rundy wss the only emo
y no supported thc original resoiaaon'
,ehsen axpa the taxes at St.'o. with
!. ten~tant street tax nnd 3en"Ne'
state schoo! tax added.
MIR Melton. after committing oth-
ar rnetnhcra Of the board, reacHea
m. conclusion that there was no ne,
s.egsity ~ raising the taxaoon' ahu
arearllnwly offered resolution m
ina the rate nj si.6s, embracing es-
ey,thtng except stat" tsNes WIZ !"
amount 10 ten cents, the whoia max
~. sT-s rms amount now prevail
ing. -
yxnrls,nan EXPRESSED them selves OF
The proposition. AIR Fuller IVES no'
T,,liv satisfied that there should De
AZ incressa Neither Mr. Powers hos
Mr.. Workman saw the reason Tor W
increase. Air. Gunsi expressed ann
self emphstically IN favor OF tne Me'
ton resolution. .
ro,arrI Crunay said he would not
yA.a~t "a til. resolution. because ING
e.,ty government had 20 proceed, anu
aaa to proceed rapidly. although rs
rou,d IKE to have the original Ftso
luton which provided for t"Aahoh
~ slsa tall toid) adopted. t..a
The city, said Colonel GrunaA pae"""
.,n bv Auditor Crenshaw, Is now IN :
ra,s. and If the tax fee Is NOT IA
rr...ea /, will ns IN a stsl deeper
hole.
.runay Cesses over.
.1sat.~ said Colonel Grundy, IN or
Ser 70 give the machinery or t"e
municipality a chance 20 so aseao'
gviu vote for Mr.. Neltons resolutions,
The resolution fixing the tax ~ sA'es'
city. with the ten cents State, was
sdoutea without a dissenting vote.
The auditor was on hand to make q
xtatemsnt concerning the condition OF
shs finances Of thu city. He was not
uivsn an opportunity to make an ex-
PLANTATION. nor did he have tho oppoF-
funity Of making a statement.
He had documents, however, to show
that the city had already overdrawn.
, ana that up to date the sun of sa41,e coo.
With an added Ssi.0oo. had been ex-
pended In contracts. with nothing TO
chow for Il in the way of real money.
None OF the members OF the Board
of Aldermen understood how this
could be, but the City Auditor had "A
sfatement which made il very clear
thnt n the city intended to meet its
obligations and the demands made by.
thA nAopis OF the city, Il would have
20 raise taxes.
Mr.. CrensAayv.s Report.
Auditor Crenshaw shows In his re-
! mort that the law. as applied TO the
,ity tax rate on the basis OF the actual
& feductlons in the State tax rate of 2s
tents on real estate. Tangible properly
Il ud~roiIing stock OF electric railways.
Would release to the city s2o5.iei.2o,
sShife the deductions on intangihies.
t,onfis. stocks and rolling stock aggre-
gate loss to the city Of $3l6,422.sS.
making q net total loss OF s6t,Sie.ss.
Tho city has appropriated for 1915
&3,g04,s15.s3. which included the ap-
propriation for street improvements OF
1 4lB5,eeO
Among the requests for the current
y>ar there was asked for street inn
provAments. 100000. and an additional
amount will be required for improve
mept Of town streets recently annexed
u s5o.Go0, and for Henrieo County
roads SIS. 600. making demands in ex-
! cess o. appropriations OF s4t0,eo0.
I other demands upon the city Tor the
Ourfsftt year in excess OF 1914 budget
I were: =-'-
/ Interest and rsdenaption. s1sss1s.
Public schools, $iG0.oee.
Confederate reunion, s2o.aoa.
state assassssent. S24. sasg s,ssss.s
!
(Continued on Second pags.)