| Volume 190, Page 1107 View pdf image (33K) |
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1872.] OF THE HOUSE OF DELEGATES. 1107 It was content to rely upon the justice of the General As- sembly for the liquidation of its counter-claims against the State. The sum of twenty-five thousand dollars a year was Sug- gested as a reasonable and adequate equivalent, because it is more than the State could claim by way of taxation, if the entire common stock and preferred stock of the Main Stem,. and the entire stock of the Washington Branch Road, ex- cepting only the stock belonging to the State of Maryland, and to the City of Baltimore, were subjected to State taxation. A State tax at nineteen cents on the hundred dollars, upon the entire stock of the Main Stem and Washington Branch, with the exceptions already noted, would amount to the an- nual sum of $24,838.78. If the State tax be reduced by the amount of the direct tax, viz : three cents upon one hundred dollars, this reduc- tion would be equal to $3,921.91; so that, in that event, the- sum of $25,000 per year would thus exceed the whole amount of tax on the stock of the Main Stem and Washing- ton Branch, as stated, by the sum of $4,083.13. Which was read. Mr. Groome, Chairman of the Committee on Federal Re-lations, to whom was recommitted The Joint Resolutions instructing our Senators and request- ing our Representatives in Congress to use all proper means to induce Congress to refund the tax collected on raw cotton during the years 1865, 1866 and 1867, to the persons who paid the same, Reported back the same favorably, together with propose! Senate amendment. AMENDMENT PROPOSED. Amend by striking out all after the word "Maryland," and insert the following ; "That our Senators in Congress are hereby instructed, and cur Representatives requested to use all- proper means to in- duce Congress to refund the moneys collected under the law creating a specific tax on raw cotton, during the years 1865, 1866 and 1867, to those who paid the same; and that a copy of this resolution be furnished His Excellency, the Governor, to each of the Senators and Representatives in Congress, from the State of Maryland." The amendment was adopted, and The resolutions, as amended, passed by yeas and nays, as follow: |
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Proceedings and Acts of the General Assembly, 1872
| Volume 190, Page 1107 View pdf image (33K) |
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