The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1864-12-07
THE GATE, CITY
WEDNESDAY,, DEC. 4.


TAs Lass TAX aals.
ThSBeesHsHe dfs6h6Sf6zhssSxes O
1868. and preceding years, 10 this Coan
tyspee2S6ed- in The -sggreonAe seprs afeG
County, School, &c. purposes, about foftJ
Thousand dollars. IL s''sa sspsfH
In addition to this, the sale iaduced Z
large number 81 pefsons % ply their tax
WHICH sd hepa dsliaq ssat 81 nun.
Der 81 ydsrs. Tit bidding ~ much
more extensiye than had been anticipated,
and the ltsd offered was gesersllY sold.
On the whole, the tale passed of sAfis-
factorily to the CoSntJ asd sAs kddese,
and this vas due 10 Q great degree 70 The
excellent management snd conduct Of the
sale BY w. T. Lowry. Esq. the industri.
Gus, accurate and accommodating Tseas.
urcr Of the County. $ s'ss7A
There was considerable interest exist
ing in regard to tho tax sale, 90 nonethad
taken place in the County since 1856, and
it was matter Of congratulations that tho
present treasurer put our scvenne lars il,
force, without fear, favcr or sffec,i6B.
and every prompt tax payer should insist
that he continue to do so. =
The payment Of legitimate taxssiS So
cred duty, and should be made punetuAlly
and cheetfully, and against those who
neglect tn b discharge Of this duty. the
Law ought to be inAexibly enforced
There is no valid reason Why maa:s
property should not be- sold for public a
well as private debts.
The present revenue law appears to
have been specially enacted to prevent the
too frequent evasions Of paying taxes, and
provides most fully and carefully for the
collection pf the revenue. There 10 no
escape from itsiuingent lpIDsisioos. Thp
Supreme Court Of Iowa by recent de-
cisien has gone very fer to sustain Vie hw
in every important feature, and It Be.
hsoves every man to pay his taxes, or if |
his land be sold. to look after it before the |
s'day of redemption is past. ss.~r
AS mefe pecuniary transaction, there |
is NO greater folly than to permit taxes
to become delinqueu@ Interest from that
time is charged on them at-an average I
rate Of 80 per cent. for the first year. and |
after the sale for taxes, penalty Of thirty |
per cent, and an annual interest of ten |
per cent. are sdded. II the purchaser sf |
the land at the tex safe pays the taxes for |
subsequent years, be is entitled on such |
taxes to q like penalty Of thirty per cent. |
annual interest.
These penalties and interest soon swell |
to large sum, and land owners had batter |
borrow mon ey at ten per cent. or even q
higher rate of interest, than permit their |
lands to be sold By the County Treasurer.
And then there is the danger Of permit.
ting the lands to be untedeemed untii IL
is too late, when BY the Law and the do
eision Of the Supreme Court, the prop.
crty passes irrevseaby into the hands Of
the purchaser at the Tax sale.
10 view Of these facts it is astonishing,
that any man of ordinary capacity would
permit his land to be sold for taxes, or if
sold. not to redeem ii Immediately,
1t Is Also 4 matter Of great surprise 70
Us, that when money is SO abundant. as at |
present, comparatively few persons pur-
chased at the recent tax sale, promising ~
the investment did large return. This
may have arisen from the TACT, That puo- I
lie attention had not been turned in that
direction, as there had Been no tax sale,
in this County, for several years.
We understand that another sale for |
taxes of lands unsod at former sale, win |
take place az Fort Madison, commencing
on the l9th day of December, next. We
learn also that number of persons are
preparing to Attend il, and buy largely
TPlaiudealer.