The Bedford gazette. [volume] (Bedford, Pa.) 1805-current, 1857-05-08


are to be released from the Tonnage tax, and all
other taxes, on bonds, dividends and property,
and the Harrisburg and Lancaster Company ale
also to be released from the Tonnage tax.
Now in case the Pennsylvania Railroad Com
papy pu:chaSe-and there is no use to contem-
plate any other contingency State will
release the following items ol taxation
Tonnage on Pa H. r. $226.OlS 81
Harrsb'g and Lanc'r. 23.002 81
Tax on loans Of Prnn'a Railroad 1896 SO
Taxes en- Corporation Stock Pa r. 42,065 50
Total, $305, ,573 II
/ Noaccount is here taken Of the taxation on
property, one Of the items released, aecaus+
there are no means OF aseprtaaing precisely
what il would amount TO- DoubtIess, it would
materially swell the total Of these items With
out including II, or pretending 10 make any esti-
mate OF what il Is, the above figures show the
release OF taxation 10 an amount which would
Pay the interest, al five per cent. on six millions
oi State debt, and this upon the >upposition that
the Tonnage lax viii remain stationary For
what consideration does the State release the
large and growing source Of taxation1 For this
sum ot oae million and a half oi dollars or ra-
thtr Tor the interest on that sum.
But there is another interesting view Of this
QUESTION. / have shown above the very leas,
loss althe Stair can sustain. 1t Us look at
the great gain of the PrnnsY Ylvauia Railroad
Company by this bill, and the-f4ct viii hr APP
parent that under lis provisions, they will get
the Main Line for nothing. The tonage tax
has grown with amazing rapidiiy within the
last few yeats. On the Pennsylvania Railroad
ADMIT was
In185l, $1I2.Sso so
in 1858. I29.230 SO
In 1876, 22G.01S 81
StfoW ing IN increase of one hundred per cent
in three years. II would be fair calculation
10 esiimalr that this tax would amonnt in 1889
to over 100000 or double It's present amount,
for while there is an increase Of little over
ten per cent. between thr years 1891 and 1888,
there IS an increase Of over 10 per cent. be-
tween 1888 aud 1886. A corresponding ra-
TO of increase would swell the amount 10 an
enormous figure in ten, twenty, or thirty years,
whtQ The first instalUrut Of ten per cent on
the purchase money is 70 be paid bat do aat
propose 10 pursue The calculation, although it
might very fairly enter INTO the estimate Of the
advantages Of thr Prnnsy lyania Railroad Com
panv unavr this BILL
The Prnn$y Iyauja Railroad Company then,
are Interested to an amount beyond any clher
Company or Association of individuals. much
greater tEan one million and a bali Of dollars.
Take the itrriS above given, viz
Tooag. fav ,a, wear &30f 0IS ~
Tax on loans 44S6 81
Tav on coruoration sfo,i, 40 065 -
-.--
S2S2.5 $40 So
e. c,o ,,o.,.
an" 'a', '''' interest ~ '',o "J0'' 10 ro'ha
r"..'4 - , i'''H "".',"' '"F s"">S SIFdoia
n'i"'dr ,"i, !'@"a az ',''''7>''a !" 'nF Pof-
c'ldNe q 'H' MAN L'of a"''' ah" o7ynho any
o'h'' 9tnPa'N I" '4e 9'a'r' 10 POI mem %
l' FI'a."} y ~, ''."T.>' 'nfy ""Gln nave %
2 ',9'"oo" ~ ~ NJ. ~ IFaIi,N' "naFf
tf,s o''l' "'Fy wiz Sl'1 o!i i92,o0o:ooo. ms
sa'I''a''"i' SHOWS t"V !",>,''on - .l'' C'hPany
- y. .or l"oS' ia'oIa9ie HgH{' ih' item oi SF-,-
Uo2 - iaA on cor orPora'i"" STOCK was pad ior
N'F 's' ''','' '''' t'F tiedSU' ~ January 'as''
anu y NUS P'""dolR o't part "u" 'hF STATE
ron, = :. '''A source me 'ohaSr taN WI donoi'
its''h ~ r." years aao the Tax on real estate
oWora 2y me company Is entirely omitted. 80
Nl' "T Sr'h '"a' '"r taxes released Would IN
,b % ,,tos a ~ :" M &f50 I5@,1 ooda "e TreS' IRE on