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R. C. P,
<br />
<br />353
<br />
<br />November 22, 1~21
<br />
<br />when the refund is to be made to the banks.
<br />
<br /> The Banks represented in this letter are the AmeriCmn National Bank, the State Bank,
<br />Merchants &.F~rmers B~nk, and the B~nk of Ti iewater, and the First National Bank.
<br />
<br /> "Very truly yours,
<br />
<br /> "Frank L. Crocker."
<br />
<br />the
<br />
<br /> "Portsmouth, Va., October 24th,
<br />"Mr. L. C. Brinson,
<br />City Clerk & Auditor,
<br />of the City of Portsmouth,
<br />Portsmouth, Virginia.
<br />
<br />1R21,
<br />
<br /> ~Dear Sir:--
<br /> This will ackno~ldge receipt of your letter of September 22nd, 1921,
<br />dressed to the various Ba~ks of the~ity, in reference to the preposition made by the City
<br />to the several B~nks relative to the Bank tax for the years 1919, 1920 and 1921, ~n which
<br />the following proposition is made:
<br />
<br /> 'That the City will refund to the several Banks the difference between
<br />the rate of $.85 on the ~lO0. O0'and the rate the Banks paid in 1919 ~nd 1920, and that the
<br />City will change its rate in 1921 to $.85 on $100,00.
<br /> With the further ~greement that, if-the decision of the Court is ~that'
<br />$.30 on $100.00 is all that can be legally collected from the Banks, the City will refund
<br />one-half of.the difference betweem the $.30 rate smd the $.85 rate.'
<br />
<br /> At .a conference held by the attorneys and representatives of the various
<br />Banks~ I was authorized to say to the City for the Banks that they will accept the proposi-
<br />tion mentioned above, so far as it relates to the £efund of the taxes for the years 191~
<br />and 1920, but not for the taxes for the year 1921. As to the 1921 tax the Banks will pay
<br />to the City such ~mount of tax as may be finally determined by the Courts as the proper
<br />amount. The Banks feel that the 1~19 and 1~20 tmxes are on a different basis fr~m the 1921
<br />tax. In the first instance the rate has been fixed by the City and the taxes paid by the
<br />Banks and the queStion,at issue is how much shall be refundedb~ the City. This is a ma~ter
<br />that may properly be a subject of compromise. ~n the case of the 1921 tax, the ~x has
<br />not-bee~fpaid and the B~nks do not feel that they ShOuld contract with the City as to-the
<br />amo~mut ~ the tax rate to be imposed.
<br />
<br />"Very t~uly yours,
<br />
<br />Framk L. Crocker.~
<br />
<br /> Whereupon, Mr. ~hite moved that the Council endrose the agreement proposed by the
<br /> Finance Committee to the Banks in letter d~ted September~22nd, 19~1.
<br /> Mr. Brooks moved to amend, that we notify the Banks that the Bank tax for 1921 has
<br />been made $-$5 on the $100.00 and is now due; ~nd that the~City will wait on the decision of
<br />· the Court in the suits now pending for the adjustment of th? 1919 and l~20 tax."
<br /> The amendment was adopted by the~oltcwing ~ote.
<br />
<br />Ayes~- Brooks, Esleeck, Hall, Hutchins,~Smith, 5.
<br />Nays-- White, 1.
<br /> (Mr. Oast excused from voting).
<br />
<br /> At this point, Mr. Esleeck moved tha~ we go into election to fill the Offices of City
<br />Collector, City Clerk & Auditor, High Constable, and a Justice of the Peace from each Ward,
<br />whose ter~of office expires December 31, 1921. The motion was adopted.
<br /> Mr. Eslseckthen moved that applicationsffor ~ch Office be considered a nomination.
<br /> The motion was adopted.
<br />
<br />City Collector-- Frank C. H~nrahan.
<br />
<br />City C~erk & Auditor-- L. C. Brinson.
<br />
<br /> High Co~stable~- Victor J. Hutcheson; A. P. Harrell.
<br />
<br />Justice cT Pe~ce, Jackson Ward-- W. Jones Williams; T. J. Phillips.
<br />.Justice of Peace, Jefferson Ward-- Emmett Deans; R, T. Richardson.
<br />Justice of Peace, Madison Ward-- W. H. Edmonds~
<br />
<br /> Justice of Peace, Marshall Ward-- J. E. M. Wright.
<br />
<br /> Justice of Peace, Monroe Ward--,J. J. Holland; Pearl J. Wilson,
<br /> Justice of Peace, Lee Ward-- S. Scott Parker; Russell M. Hall.
<br /> Justice of Peace, Washington Ward-- L. W. Collier.
<br />
<br />Justice of Peace, Harrison Ward-- J. H, M~rshall.
<br />
<br /> A vote being taken, Mr, Hmnrah~n, the only applicant for Office of City Collector,
<br />the following vote, and was declared elected:
<br />
<br /> Ayes-- Brooks, ESleeck, H~ll, Hutchins, Oast, Smith, White, ?.
<br />
<br />receive~
<br />
<br />
<br />
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