Gallipolis journal. [volume] (Gallipolis, Ohio) 1837-1919, 1870-05-19
For the Gallipolis Journa
DOES FARMING PAY?
HENCE.

| bnO iholA aStiOu VI Tie Otdtc Auu
itor, given unquestionably, in agree
ment with the laws of the State re
specting the revaluation of lands
property is to be reyalued at its tru.
Voiae in money.
This involves moneyed interests il
land estates, on the principal that al
lands are to go on the duplicate at thu
price they are sold for. or the pric,
put on them by the parties in posses
sion. At the convention of State Aud
itors, the question of the prospective
value of land interests was discussed
and suggestions made that there
should be some means derived by
which any supposed prospective value
might be SO arranged as that it should
go on the duplicate also.
The above is my understanding of
the circular sent out by the State Aud
itor, respecting the revaluation Of
lands. do not propose to discuss the
equity of the measure touching this
point, but to look at some of the facts
that necessarily grow out of the ques-
ton of taxes, and the interests connect
ed with the farming community. The
present valuation of lands, as seen BY
the duplicate, furnishes eleven millions
out of every fifteen, of direct taxes, in
the State of Ohio, other than national,
and l presume the revaluation will not
change it; hence, the land owner pos
sesses interests-at least in one direc-
tion-equal to any other capitalist.
Then in comparing land interests
with any other that go on the duP Plicate,
taken in the light of investments, the
lands to be valued at the price they are
sold for, or the prices put on them by
the possessor, can they bear the above
amount of taxation.
The rule respecting the percentage
on money, as interest, was fixed by our
legislature of last winter, at eight per
cent; yet, regarding this as princi-
pie it is by no means fixed fact be-
youd which money may not bring its
possessor a greater per centage. Cap
ital invested in different ways may be
worth more or less, to its possessor,
according to the interests and risks in
volved in the investment; hence, mon
eyed men may not be governed in their
loans by the rule, but by the interests
involved in business transactions and
the pressure of the money market
Banking interests establish ten per cent.
and perhads in some instances more
That this is right, in some cases, may
not be called in question.
Then the dollar one hundred cents
has value which will bring its pos
SCISSOR a revenue of at least eight per
cent. over and above its capacity to
pay taxes; in many instances it is much
greater, in some less, but we are per-
'ectly safe in putting it at eight per
cent.
Now let US draw a contrast between
anded interests and moneyed interests,
IS to the fact Of revenue.
The meets and bounds of landed in
erests, both in town and country, are
'asily ascertained, they all go on the
duplicate without scarcely possibility
# escape.
AS to moneyed interests, in the sense
# capital, the question is not SO easily
ettled. There is vast amount of cap
tai floating around, that never comes
pon the duplicate; hence, it is not
omeattable to bear its equal proper
ion of taxes; consequently the heaviest
urden falls on the landed interests.
have no reference to government
onds in this question, but to the mat l
sr of loose capital floating about, and (
ept in this condition through the in
'igues of its possessor to avoid the
uestion of taxes.
As to the question of proceeds, in
lie cultivation of lands, we have the +
ecretary of States report as basis i
r calculation, though not entirely cor c
'ct in every respect, yet sufficiently I
for our purpose. 1
Let us take one hundred acres of a
nd and plant it in the following crops: b
acres of wheat, at IA bushels per 8
re, this will give 49O bushels. At Il
l.10 we have $4,000. Is acres of f,
rn, SO bushels per acre, will make at I
cts. per bushel $4,000. 1e acres y
oats, 25 bushels per acre, at SIS cts. n
r bushel, $165.oo. 10 acres of hay, "
$3.50 per acre, s195.O0. s acres
potatoes, IS bushels per acre, 40 ia
}. per bushel, $4,000. di
This makes us a total of S1179 90. &,
oss proceeds of 72 acres of land, st
wing the balance of the hundred th
res for timber and untillable land &C
It of this we must deduct hired help, be
no one man can farm 72 acres de
is viii require $4,000. Material er
repairing fences, &C., sso.oo.-l in