The Kalida venture. [volume] (Kalida, Ohio) 1841-1865, 1854-06-30


ses, the owners Of which were non-resi>
denis. In 1881, the law was fe.enacted
and enumerated as subject 10 tho origi-
nal elements Of properly for taxation
grisl, oil and saw milIs; manufactures Of
iron, glass, paper, clocks, nails; diSiille-
ries, brewsries, tanneriss; iron, brass and
copper foundries; money loaned at inter
est; stocks or capital invested in steam,
boats. These not being enumerated in
the ac, Of 1928, were properly not as
such under it subjects Of taxation, ma.
ierisl deduction from equitable taxation.
This law provided for taxing merchants
and exchange brokers on their actual cap
i,al invested; stock in steamboats, at the
tue value thereof in money upon the
statement ofihe owner under oath mills,
manufactures, &c, at their true value in
money, on view; money loaned, mortga>
ges, &C., over and above the amount fot
which the person payp interest, verified
10y statemen, Of the person under oath;
and The Assessor is authorized TO require
any person 10 give his properly mado tax
able by this act under oath or affirmation.
ln.lo,s, dwellings, &C., taxable as under
the law Of 1925. excluding ,he value Of
certain improvemenis,an in case OF lands
of all improvements; cattle, horses, &C.,
also the same as 10 1925 and subsequent
ly. The act also provides against re>
valuation Of Land or Town Lots already
listed. BY a separate law Of same year
taxes on Blnks, Insurance and Bridge
Companies were levied of FIVE per cent.
on dividends on profits, six per cent. on
the premiums Of insurance companies.
In 1886, lands bel. hging TO ligit us
societies not exceeding two rcres
and burial grounds wero exempted from
taxation. In 1910, lahds set apart for
school or ministerial purposes were made
subject on sale 10 immediate .axaiion.--
By the law oi this year only tho excess
over $500 were charged on the actual
value Of houses, Offices, store. houses, &c. !,
m in or out lots in villages, or otherwise.
Manufactures, mills, &C., were also o.
lowed similar exemption Of $500. This
year the law provided for new valua.
tion OF all Real Estate within tho State.
II will be observed that al no :ime up
TO the passage Of Kelley's Law of 1916
was proposition made for accuracy in
taxation. Az first il is difficult 10 app.c>
cia.e the principle, II any could be said
TO exist, upon which taxes were levied,
beyond necessity and expcdiency. Al,
terwa-ds an Equitable" system was at,
tempted which levied !he heavy burdens
Of taxation upon those who wele least
able 10 bear them, where they were pre-.
ptIeiors Of land with small Improvements.
But This system was undoubtedly sustain.
ed to compel the non resident holders Ct
land TO bear an increased burden Of tax.
alton, as they prof:ed by the labors and
improvements Of Others in The enhanced
value Of ,heer lands, and mus, have held
large quantities of the lands in the State
judging from the character and number
Of the laws passed regarding them, rela-
tive to taxation or otherwise.
Up TO this lime al leas, there does no,
appear any trace Of the system con,end-
ed for by those opposed to The recent de-
cision Of the Supreme Court, tina, Of tax.
ing man on what he 10 actually worth,
but on the contrary arbitrary taxes and
estimated values, exemptions and omis-
sions would belier describe the practice
Of taxation. In no instance except in 70
gard TO crediis does deductions appear to
have been permitted, and capital in the
early history Of the State does not appear
TO have been generally subject TO any
tax. il doubtless was scurce and it's ex-
emp,ion was mark Of The poverty Of the
State as regards capital. And wha. org
mated in expedisncy and public neces>
sity is now sought, when the necessity no !
longer exists, to be made permanen, ea
matter Of absolute right.
ITO be continued
Yesterday woman arrived in THE
city, and pu. up at the Kingsbufy House,
a II. = IL