The Richmond Virginian. (Richmond, Va.) 1910-1920, 1916-07-15
I'm w. Craddock Asserts HE
RIGHT = Citizen to Support
Mi. Watkins
|LAIllS HE ACTED WITH
THE LARGE MAJORITY
saddock- T cry Company Last
Year Paid Taxes on ST.
800, 900 Instead Of on But
$500. 600 a. Alleged

)psciai 70 The Richmond virginian.)
l1Onchburg, Va, July 1&.---Assert-
y that he win not enter into con-
jDversy with James 8. Eas10y, sum-
laxily removed by the state Tax
bard from the Office Of examiner OF
Icorda, John w. Craddock. president
the CrAddock-Terry Company OF
" city today issued statement set
3hw forth his position In the matter.
b. Craddock denies that he used his
kQuence politically against Mr..
hsIey, N charged. but he says that
exercised his rights A. Z citizen OF
lfeiuiA In giving his endorsement
Ia support, as did tho overwhelming
I1fortky Of the business men Of
EnchburK and the district at large
Mr.. Watkins. Mr.. Craddock. in his
hfement takes occasion to correct
|rtain erroneous assertions made by
y. Easiey and his friends. Mr.. Grad
bck'2 statement reads AZ follows:
Il shall not enter into controversy
lth Mr.. Easley or with anyone else
no has sought to hold me up before
10 people OF virginia~-srrt. az a tax
bdger, and. secondly. as one who
build inspire petty political con-
blrAcy 10 satisfy sense OF resent
lent against public official for per-
Irming what he conceived to be hts
Ihty My life as a citizen of Virginia
hs indeed been lived In vain. II. after
lirty years OF business activity and
Ratification with blic-spirited
lcyements In my city and State. my
Icord In not such as TO be invulner-
Die TO such false and malicious at
icks to which II has recently been
Effected. Various publications, how
Yer, In the Richmond newspapers
bring the past few days impcl me
| correct few utterly misleading
IMPRESSIONS which have been thus
Icated. Efforts cave heen evidently
Projected to make IL appear that last
SAr Craddock- Terry Company paid
Ixes only on about $500. coo. II this
true, Craddock- Terry Company
puld have paid taxes last year. city
i'd State. TO the amount OF s2.SSe.
matter OF truth and record, Grad
bck- Terry Company paid taxes city
Ia state. last year of Sls.s7Tss. As
matter of truth and record. Grad
hex Terry Company paid taxes last
bar on -, 30i, 3it.lS. instead OF on
fe0. 900. Every dollar Of CrDddock-
krry Cumpary's property. real estate.
lachinesy, mercantile and manufac-
Irsng capital. which was subject to
lion tn Virginia, was assessed by
IL local Board of Review. and on tho
mount OF the assessment thus made.
Paddock Terry Company's properties
Istatned their just share Of taxation.
hsee are the simple, plain facts OF
u transaction. and the claims of Mr..
haley or hts friends that the COM
kny escaped large amount Of taxes
reason OF the lentency or collision
the local Board OF Review. or other
y odscials OF the State, arc without
ksis In fact
Points To Errur.
Is1lr. Easley erred In assuming that
had the right to consider practical
al, or Mt least the larger part Of
y capital Of Craddock-Terry Com
kny ~ exclusively manufacturing
pitaL' without takins into con-
koration the fact that the law speci-
ally provides that the mercantile
paftmcnt OF corporation engaged
Al m manufacturers and merchants.
III he taxed bv one method ana the
Manufacturing department taxed by
hosher method. In his figures, he
~ overlooked that our large I'M
stmsnt Of more than 100000 in
tseiouri and taxed by that State, was
dftion, he ignored altogether the
q. that the large amount OF bcr-
wod money. which the company 1t
me- uses In its business, 10 borrowed
and used exclusively by the Yner-
nt1lo department OF the company in
r1infa and In ST. Louis, and, there
RI. was not subject 70 taxation. by
ason Of the fact. that the law
ecihcally and definitely provides that
I merchants license tax based on
fchases. shall be in lieu Of ali tax
- pstel nr otherwise. for State pur-
49, FOR the purposes OF taxation.
a capital In order to meet the re-
I1fementa Of the tax laws. must IS
41iaed under four general heads:
~11fat~ Craddock Terry Company's
antals husinasa In Lynchburg.
Qecond --csrAddock- Terry COmpany6
1ufaoeuriug hustness In Lynchburs
3Aifo--Craddock-T Company.a
HMnh misunderstanding and mercantile
S1ne6e Ia et. Louis, which 10 Ncenseyi
~ state Of Misaonri. and AL Of the
69erxy taxed BY that state ana city
44Ax<h- Craddock-T Terry Companysai
t11nea ~of stock Of other virginia
ep6eAticns, who pay their own taxes.
4 whOss stock y not subject 10 tax
lon y tho hands Of the holder.
Ce1pee4e etaeanAat HIknssAea.
rms local hoard q review was fur-
mod With = full ana complete state.
70 e the company1s Affairs. showing
eetat3 -ovefy Ham 0x NsStU Eud iiav'
flie4 wAerein vestsd ana how taxed.
apen this information the board
~ measurement III accordanoe
ths law ana the facts, WITH the
IT. - atatoA akxre That awerv s&Ay,,