The weekly hawk-eye. [volume] (Burlington, Iowa) 1858-1860, 1859-12-17

sS~SS~ o1O RsVVoUsy pSu1uSU 1gVm COeOs
q Sales Of hogs wese made ia Cinsinnat
ON the 6th 81 a.. and few we're sold ~ high 4
1915 ON the 7th. Bat on The san PRICES drop
ped down TO $3.50, and receipts we're heavy.-
We should not bs surprised to hear Of ssil
further decline. t4& ~
We learn from she wapello Intelligencer The
EsscR who vas convicted Of cattle stealing, ha
been sent 70 the Peni.entisry for eigh. years
There are now seven inmates Of the Peniten
tiary from Louisa county Who have been sen
there within the last Eve months, and perhap
With two exceptions the only criminals sine,
she organization Of the county.
EDlroR or Hawkins The question o
vsssnne which you have brought 10 our no.
tice, certainly requires our serious attention, I
We would wish our city and county. BY meet
ing promptly their coming liabilities, TO con.
tinue in their present financial credit. From
present appearances it is to be feared that they
will be unable to do so, and it therefore be
comes rs to see what steps are necessary Il
avert the doom Of bankruptcy, BY increasing
our revenue.
It should be religious duty incumbent upor
every one, whether in an indisiiaal capacity
or in corporate capacity, or as an agent
(xhcreby profit is derived,) Who expect and
demand the protection of government. that
they should cheerfully and willingly comply
with the requirements of that government fol
its maintAinAnce and support.
Our Lass have endeavored to give us sufi-
cent sources from which revenue can be de-
rived, but, for various causes, they have moi
been As available as was desired. An improve
ment should be made in the manner Of collect
ing it, and thereby reducing the delinquent list,
but this vii, not increase it sufficiently for our
wants.
The Mercantile, Mechanical, Agricultural and
landed interest are easily reached, as they are
seen by all, but it is not so with the monied
interest. II rumor is true it is to be feared that
there are some with us, who. like "AanGnias and
Sapphire" of old, keep back part Of the amount
when called upon by the assessor, thus deiraud-
ing the government Of its support, while at the
same time they are the most strenuous for its
aid and it's ful6llment, in the collection Of their
unlawful dues, and in the transaction OF their
business. The principal point, however, wish
to bring to notice is in regard to corporations.
The law gives to them individuality in acquir>
ing and holding property, and in the transaction
cT h.,t .
that corporate property, then the individuality
of the corporation is gone, and it must be ob.
tanned from the stockholders in their private
capacity.
This might be made to answer if the stock oi
the corporation is above par, aud if the stock
holders were all citizens OF the State, or owners
Of private property in the Sta'e. But if the
stock OF the corporation is below par, then the
law discriminates in favor of the corporate
property, by assessing it to the stockholder only
upon the value Of the stock, while private prop
erty is assessed at It's full value, thus causing q
reduction OF revenue.
Again, if the stockholders are not citizens ol
the State, or have no private property in the
State from which revenue upon the corporate
stock can be enforced, then the law discrimi-
mates against the resident stockboider, from
whom revenue can be entorced-and thus there
will either be q loss of revenue on all non>resi-
dent stockholders, Or, it by its unfairness nc
assessment is made ON the stockholders, theL
all revenue is lost. For instance, the Railroad
-: oh a.A hau haa ;rn
tion in our State, have not As yet paid anythina
for the support Of the State government or the
county and city governments, through which
they run, for the reason that it would not be
Just to The resident stockholders to force from
them revenue while the nonresident stock
holders are exempt only by Jurisdiction. Thus
it will be seen that what our laws supposed
would produce revenue frora corporations, by
its unfair determinations, not only reduces, bu,
in some cases, cuts off all revenue.
Necessity compels change in this matter
and trust the Legislature will SO amend the
Laws, ~, while it allows the individuality o.
corporations to acquire and hold property, so
also, 1t should continue that individuality il
the taxation Of the properly so acquired ane
held.
| A taxation of Railroad corporations. that vii
be just aud isi. both to the company and ts
the counties and cities, in which it s located
has been q vexed question. Yet, think th'
| difficulties can be somewhat obviated, If tn,
general principle should be adopted, to-wit:-
that all property shall paw pro rata upon IL
yalue, for the support and maintainance of tina
government under which it is held and protect
ed.
Therefore, let each county and city in whicl
q Railroad is located levy and collect from tn
company tax upon all tho fixed and perma
neut property Of the company in its jurisdiction
Also, let the county in which the legal busines
office of the Railroad company is located, lev.
and collect from the company, tax upon al
the rolling stock and movable property Of sai'
Railroad, ian inventory Of the same with tn
| value, to be furnished under oath, by the Rail
road compsay,) which monies when collecte
shall be distributed to each county, pro rat
upon the amount IL may have subscribed All
fully paid to the capital stock OF said company
Also, let the city in which Railroad is located
and which has subscribed and fully paid to tn
capital stock Of the same, levy and collect fro'
the company q tax upon the rolling stock an
movable property Of the same, in the same prt
portion to the amount Of its stock, a. would
due to the counties upon the same property.
| nrovided for above.
For default Of payment Of any OF the abos
taxes, let the counties and cities have full pow
er to levy upon and sell any property OF a
company, found 10 their Jurisdiction. Vox.
The Keosauqua Republican states that aoo'
400 hands are at work on the Dcs Moines ~
Keokuk Railroad. II 10 designed 10 finish u
road TO Philadelphia, ten miles above Keosar
qua, on the river, BY the opening Of spring NAV
ligation.
Ms- Morris, wife Of L. D. Morris, clerk
Van Buren, county, died suddenly on the so'
ult.