The Richmond Virginian. (Richmond, Va.) 1910-1920, 1920-03-13
Upper House Agrees
to Reduction Of the
Bank Stock Tax
License Fee Of $3.50 for
All Pilots is Agreed to
at the Midnight Hour.

I'm the senate last night the house
bill reducing the tax rate on bond
stock was taken up. This BIN is the
one that reduces the rate. The rate
at this time In s1.5o in the aggregate,
state and the remainder to the city.
The proposed rate reduces this to
$1.25.. losing twenty-five cent, or
about $4,000 a year to the city. The
bill has been on the calendar for
several days. and Senator Cannon in
sisted that 1t should be given . vote
SeEAtor Paul took the floor in OPP
position to the bill. reading figures to
show that the banks are all making
money and are prospecting Is they
have never prospered before. Taxes
would have to be increased to meet
the war debts, and all Of the tax can
not be borne by real estate.
Senator Cannon championed the
bill, saying that he had on his desk
resolution from the council OF the
city urging him to oppose the bill.
but than he believed the bonds
were entitled to the relief In order to
induce the people OF large means to
keep their money in Virginia
The bin was put on its passage
and agreed to by the following vote:
Yeas-Cannon. Crockett. Deal.
Early, Ferguson. Garrett. Gooir1ck.
Gravatt, Gum, Messenger, Hening,
LAyman, Leedy. Mapp, Mitchell. Oh
iver. Profit. Rison. Robertson. West
Nays-B,rd. corbitt. Epes. Miller,
Mills. Paul, Russell and Wocdson---
An agreement was reached on the
appeals OF right bf1l, whereby the
measure was 30 amended that the will
be appeals in all criminal cases As a
matter Of right. leaving civil actions
open TO oral argument and may"
grant appeals thereon. This on
agreement was one that appealed to ali
the senators a. . happy solution OF a
vexations question. The rate was
unanimous
The bill providfng for q commission
to study ha/duestion Of medical edn-
tonsolidatton OF the medi-
cal colleges-was taken up and con-
Cured In.
The tradinr-st&mp bin provoked a
rcd-hot fight. and amendments were
offered to many sections 1t uAs
pointed out that the great corporations
were given = decided advantage over
the small concerns Senator's were In
favor of Graduating the evil In every
way.
a fair flead and no favor was the
demand Of the senator's The small
merchants win BE- At the mercy OF the
IArgs corporations Who win be forced
to ny from The hig corporations 70
meet poasibis composition.
TRAINING HEAMF TAX.
d SenMfor Quinn yigOroualy attAchHd
this provisions or the hill ~ being nm
fair, K1ving the large concerns an
advantage which served to choke the
small establishments to death
Senator Cannon supported tho bin
saytnR the trading stamp concArrs
were nothing more than ulcers OF The
body polite. The merchants wers
nothing more than cats paws IN the
hands Of the trading stamp concerns
The concerns were the prey Of these
utterAnceA
Senator Gum said he heard thu rep
resentAtive Of one OF the big concerns
remark that the purpose OF tho heavy
tax was to drive the trading STAMP
concerns out OF business.
Senator Leedy said he would vote fos
all the amendments and then vots
against the bill m presented.
Tho tax of 31.6Oe wAa reduced TO 33vt
by narrow margin of fifteen to four
teen. The senate refused to reconsider
tor Cannon the bill was incidentally
postponed.
The bill for the rsafef Of ). c. shel-
horse. OF Pittsylvania. 4 prohfbieiex
inspector. who was shot and killed b.
= negro bootieGger while in tho ain.
charge OF his duty. and aprropFfafins
$4,000 for his family. was revoked
Senator Oliver invoked the co1stitu-