The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1919-04-11
TAXPAYERS OFF
COUNTY PROTEST
TWO TAX BILLS
LARGE DELEGATION FROM
MAuRY APPEARS BEFORE LEG
iSLATivE COMMITTEE.
AT TULANE ASSEMBLY HALL
II Is Declared That Bills Now Pending
If Enacted Would Drive Capital
2 From State and Would Undermine
All Credt.

One Of the strongest delegations
that ever went from Maury county to
appear before legislative committee
was in Nashville Tuesday night to
join in emphatic protest with bust
ness men of other sections against
1.-TWO of the iniquitious tax bills that
are pending in the legislature. One Of
these measures is directed at the in
| tangible or ipcorporeal property of
corporations and especially affects
the manufacturers. 1t also applied in
its original form to the mercantile es-
| Establishments, but as a result of the
protest lodged against it was amend
ed to exempt them. The other bill
| is designed to tax to the limit every
note, bill receivable, deposit Slip, etc,
and is the act that The Herald re-
Gently declared ought to be entitled
an act to destroy credit.
|
aimed at the industry and prosperity
of the state delegations Of business
men from Nashville Clarksville. CO.
lumbia and other points appeared
Tuesday night before the ways and
means committees at the assembly
room of the Tulane Hotel.
In the Columbia delegation were
James A. Sloan, Col. Joseph f.
Brownlow, Henry O. Fulton, William
P. Boyd, William +. Anderson, Lee
Vaughan, Ulna Foster, Henry Ashton
Porter, Joseph Hardisen, A. M. Coch-
ran, w. S. Beasley, ]. |. Finney and
others. Representative w. James
Russell, of this county, also joined
the delegation.
The bill attacking the manufacture
iers and especially foreign corpora
tons was defended by Attorney Cen
eral Thomson and was attacked by
Attorneys Dan McGugin and Thomas
III. Tyne in strong and logical adj
dresses. Mr.. Tyne declared that its
enactment woiatl mean that no more
enterprises would ever come to Ten
hnessae as they siapH could nots af-
ford to pay the taxes levied. t7 I.
The committee then took up the bill
to list and tax to the limit every evil
Edence of Indebtedness on pain of being
sent to Jail. General Thompson had
sredrafted the act and eliminated one
or two of it's worst features, but it is
still menace to credit. The princi-
pal attack on this bill was made by j.
|. Finney, editor Of The Herald, who
stated that not being a lender of mon
ey and having no capital he did not
appear as the representative of the
money lenders but to speak for the
borrowers He declared that such a
measure would make it more and more
difficult to obtain credit and without
credit no young man starting out with
out funds could ever hope to establish
himself in business. He declared that
credit was the foundation of all bust
ness enterprise and development and
that if it were undermined the country
would retrOgrade and business would
stagnate. There was some argument
between Gen. Thompson and Mr.. Fin
ney, but the attorney general declar-
ed that he had nothing to do with the
policy of the bill, but simply tried to
remedy some of it's defects. From the
expression of members Of the commit
tee, it was plain that thesbillS would
have rough Sleddino