, 1869-03-15

>suasI.
fostnassss sss aaored .sn psr oens commission
rst omes 1er ar Il rs.,.ss1ed t ,st;ers u
TEX. 70 CIT ,rn.c.zs1rs.
oa.ly, delivered sunday xxcxr1xn. 23cta. per vceE
s. Haaea Hensefee saaa4s anpx a9 Pc vsek'
Gaicaxo. III.
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s1ArE Takes. t
TIE extent OF the exemption Of cour-
ties sron Safe taxation by the L.gtsla-
tu1c at its late session is much greater
than We hsd suppese Il is not confined
to small sid remote counties in which
progress has been Tt1y slow, but It e1-
teuds 10 larger cou1t1cs, and Madpon,
S.. Clair, Hancock and Adhms Counhes |
have entcrtd into competition with
White, d1cene afa Ale1ataef 70 escape
theIr hrncst proportion Of Stale taxa
tion. The Stale taxe3 hereafter COLLECTED
in ali the counties owing, or which may
hereafter OWE, debts for zallrosd purposes
are 10 be spilled 10 the payEent Of these
railroad ccbls; but = large number OF
olher counties have had tbtir proportion
ot State taxes remiltcd 10 enable them to
meet other liab,tiues.
The Railroad bill, however, Il the most
gla1ipg, M e.use il inv,lves the greatest
ameunt Of revenue. That bill provides
that The ra'e Of .axaticn, aud Tho amount
ct the assessment for State putposcs ia
1868, shall be the maximum, and that
hereafter, for twenty , ears, all taxes co..
lected in any comfy owing q railroad
debt, or which msy hereafter owe such
deb, in t1crss Of .he amount Of the levy
for 1868, snail not be paid into the State
Treasu1y, bu: lha1l be paid over to such
county. to b. applied to such railroad
dsbte. Il also directs that all taxes col-
lec,cd In sueh county upon the real or
personal psoperty OF 1Aslroads for 8tAtc
puspo.cs 1hAll be pAd over to such
county.
The p,escus r1ilroad debt Of counties
msy be tsttmated at from three to four
million OF dollars; the future railroad
debt Of counties, II this bill becomes a
1.w. will no, be less than ten millions Of
do1]su. The tax levy for 1868 is six and
ore-aalf mills upon valuation of 4641,-
100000. OF this levy TWO mills are for
schools, ard two for St,se dcbr. The taxes
fo: o:lhese objec are not divtr:ed, but the
f'"aln'ns H3 ~ Interest aua kenstHt
HVenue' snoun't.g 'o '"o auo ouenatl
steAlers N, he tbtir assault.
htnre.ent S,s.e tsxes a1e levied upon
one->hiro valuation Of property, e1cep,
In Ch,caco. where /. is ieyjcd upon nearly
aone-haif valuation. In Two years more
VIC thall have abolished BY constitution
nj nroyisipn the tTc-miIl tax, and sub
s,ituttd therttor some ether tax. Having
got rid OF that specific 1ase Of taxation
our system OF assessments will be re.
foYtnfd. and tsr 1e yies will be made uppl
the tn1t AID ac,usl valuation Of the pr op
ertF. The rate oftsxanon will, OF course
be reduced, and The revenue wall be cal
lec,td from prooertv valued at twl
thnusnnd millions OF dollars, in
stesd of SIX hundred and fort,
miilions. ss ut present Tt
wants Of the State will be ,ncscascd, an,
Rhere We now 1nise for general p1l
ncsss half million of tolls1s, We vii
tben h1ve 10 ratsr, perhaps, twice ths
sum. We will hayc to raise money an
rnsl1yt.r executive. Legislative, and il
dicial nurnoses It 1east one-1hltd i
ercfes ol The present cost, We will hay
10 raise BY taxation for the increase
number of S.a,e charities and pub@j
;n,,i, ntions laree addi,ioual sums. W
will hare to build an,} SUPPORT, (urois
n1dma,n,a,p, ap ata,uonsl Penitentis1
We have already commenced the erccsio
Of q State HouSe 1t cos. Of from five
seven nlll.cns ot dollars We will ha'
TO e1rerd two millions or more {
the cansl and river improyemcl
These nre acdi iocs to our presc
expenditures, and will call aneualty
an tpprfpn,e of axes ,srgelg in excesa
,be revennt ro,lected In 1868. Under Il
P,;iro.d hin no nj. noruon Of this adj
,;on.1 ar tor safe uuro-se. csn be c
1s,,ra trr tuentv vesr8 in anv cou1
owing 1na1oao ueo., os :. inca s,.,s, ha ~
% eo,,oc'sa I ~ IN ,be o,her count;es ow,nc
su,a, ssb, Tbe n,sc,;c,, onera ion
this biz, say in ISL nav be inns stat
y.,ue Of properly Il ii ~>nnrtes ov-
v.1n, n rrnnstt1 IN o;n,r c.. s.n. c*a'o'''o"
fiss ,,. .,.....,,,... fn m
To,., .a1ue of ta1ahle properly g. 0U0 ,ol
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