Cedar Falls gazette. [volume] (Cedar Falls, Iowa) 1860-1895, 1860-09-14

NO. 27

to be compelled to pay ten dollars on each
suit and costs OF court and If not 80 redeemed
the purchaser got final and conclusive de-
cree Of court vcsting the title to the land for,
ever in him, and that too without any saving
clause, for infants, married women and luna
tics. .,,ss.,,-.., F,,s E,,. ~ .-f ..e. y..e. .
But even supposing that no sale was had
and no suit was, commenced, and no extra
costs whatever incurred, the facts are that
the tax in the three years given to redeem
will amount on Q, tract Of land upon which
the tax is 80 per year, to eight dQLlesy and
.t!fty-t,co cents more by the: Democratic act
than by the present law, including the costs
of sale, penalty and interest. ;-I -.
Assume the tax to be $40 on given tract
Of land for 1869, and for the three years next
following,,to be the same, and the following
tables will show what will be the relative
costs by tho two laws for that time:
{. "a rsissiig y,I LAW OF 1881. Il, 4.s,i,sa 20
Interest from January ,s, 1850, to October Isl
1885, at 20 psr cent. per annun.. .......... 937
Interest rom January iii, 1891 to october i. '0
1885, at % per cent. per anhum. Il. ....... 6sr
inss.ss ianaaiy IT, 1884 70 october i., ''0o
1855 III 90 per cent. per anndn,. 4s1
Interest," from january ist, 1888, to october is,.
ISUo, NJ I'd per cent. per uuuuM. 81
ri Total 10 pay tax, October lst 1868. go. s6a -
-. j isse ,ss;o oepd ,d4LAW osissQ' ~ .,ooo
Interest from February ls to October i'll d. IL PER
cent. ..... ....!.. ....s.. ........!.. 20
Advertising Naysr',s,ns
Clerk q Bdard Of Supervisors fee ....!.... aInl
80 per cent ~ % damages n On On % A. a,sye - ss sAs
per cent per annum .......... .......,. 4A
Interest from February ii: issi 70 October .t
1888, nj 10 per cent. per anru,, :. =. . IS
Tax Of 1861 Il. ...- az. 10 W
nterest from February ist 1862, " October ist, e9
1868, 1t 10 per cent. per annlun ............ So
n.srss, nom yebruary is, 1853 to October is., -
AieoS, NJ Ten per cent ,'.., On
bias Total to redeem October lst, 1863. -. .s6s 10
Now if wc add the so additional penalty
upon commencing suit and $s 90 6icfk' 4 Gee,
and 90 cents Sheriffs fee, we will have 4
penalty Of Sl3 10 which Is liable to be at
tached on each separate tax, be the same
moro or lcssg ni 9n1 gah,7#3o shla s.
10 be sure the law Of 1851 repealed the ten
dollars penalty, but the costs Of court are La
bic to be much over what we estimate them );
especially IL it Is necessary to get service by
publication. .79T1 .a.Efn57 I;1 ~
In conclusion We have to say TINT the law
of 1860 has the true aim Of a just Neve-.
nue. Law, to secure the payment Of taxes
promptly, not to opprcss the tax pnyer who
may be unable to pay. It attaches apennlty
of 30 per cent. absolute If the. tux, is delin-
qutnt beyond certain day, but cxacts only
10 por cent. interest after that time. ~.
Nor is it nearly so stringent as the laws of
other States. The same Legislature that in
the winter Of 1852 and 1853 elected Stephen
A.. Douglas to the United States Senate,
passed an act for the State Of Illinois by
which 100 per, cent penalty attaches upon.
sale and the tax draws interest at per cent.
We. trust ths may be esteemed high Demo-.
! cratic authority for Mr.. Cole and his kindred
falsifiers Of the truth. ~, g.,,. -.,.,f r.st