Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1870-07-15

Pioh'S 10 'nls roao 1or the ~ years, 1t will
bring, in dividends, enough to pay both
principal and interest. and leave the stock
IN the hands of the County, the dividends on
which will nearly or quite pay the entire
State tax yearly for all time to come. This
Is no Utopian idea. It has been done over
and over again. There are many towns
and counties fin New England, which are
entirely free from taxation by having bought
| stock IN ii successful Railroad, the divid nds
on which paid nearly or quite all of the prin-
clpal and interest of the purchase money,
and there is not a town OF county in New
England which would not accept such an
offer as Augusta Comfy has, By an unan-
lmons vote, and, however much we may
dislike the sentiments and politics of New
England, any one who will travel through,
that country, with his eyes open, must ad
NIT that they are wiser in their day and
generation in the things that lead to matcri
al wealth than we are or have been.
10 enumerate the many advantages to the
county Of having the road speedily compile
| ted, is to repeat what every one ought to
know, and to reason with those who are 50
far behind the age, or so dull as not to be
aware of them, seems like hopeless if not
a useless undertaking.
can only say, sum up anew and compare
the advantages and costs DO it calmly,
fairly, and at once, for the time is near at
hand whenyou must decide whether Augusta
County is to have great through line of
Railroad from North to South or not On
the 9th of August you will be called upon
to vote for or against this subscription Re-
member it is question Of Il Railroad or
no Ralhoad-a final decision whether Au-
gusta County is to join in the great march
of progress, or to lag behind and be left to
decay.
Rapbine Va. PROGRESS.
All Act Imposing Taxes for the
Support OF Government and
Free Schools. and to Pay the En-
terest on the Public Debt.
l. That the taxes for the year, common
cling 1st February, 1870, and each year
thereafter. shall be as follows:
g. On tracts of lands and lots, and the
Improvements thereon not exempt from tax.
alton, railway tracks, and canal beds, fifty
cents on every hundred dollars on the as
sesscd value thereof the proceeds Of ore
fifth whereof shall be applied to the support
of the public free schools Of the State
g. Upon any estate of a dccedent, which,
shall pass by his will or upon his intestacy
to any person other than his lineal descend
ants, or his father, mother, husband, wife,
brother, sister, nephew, or niece, six per
centum upon the value or amount thereof
4. Upon every male person over the age of
twenty-one years, not exempted from taxa
ton for bodily infrmity, one dollar for pub
lie free school purposes.
5. On the personal property mentioned
in schedule B Of the second above mention
ed act, fifty cents on every hundred dollars
value thereof
6. On all personal property in chooses in
action, &C., and oll-bridges and ferries, as
embraced in schedule of said act, fifty
cents on every hundred dollars value there
| of.
7. On the income derived from interest
or profits. as the same is defined in schedule
D of said act, exceeding fifteen bundled
dollars the tax shall be two and half per
centum on such income.
8. On the net earning Of every railroad
company received, or realized though not
received, the tax shall be two and one-llalf
per centum On such net earnings Tor each
quarter ola year to be ascertaned and
paid into the treasury as prescribed in Sec
ton fortyeight of the second aforesaid act
8. On the net earnings, of every canal
company received, or realized though not
tIot hall h. l. Il
per centum on such net earnings for each
quarter of a year; to be ascertained and
paid into tie treasury as prescribed in sec
ton forty eight Of the second aforesaid act
10. On the net earnings of every express
and transportation company the tax shall be
five per centum on such net earnings for
each quarter of year to be ascertaiued
and paid into the treasury as is prescribed
in section forty-nine of the second aforesaid
act
H. On the capital stock Of all insurance
companies and banks located and doing
business in this State, fifty cents on the one
hundred dollars, and On the income OF the
same as in excess of fifteen hundred.
u. On the assessments collected and the
premiums received, and obligations for such
premiums, taken by any foreign insurance
company, the tax shall be two and a half
per centum on the amount thereof to be
paid into the treasury in the manner pre-
scribed by section fifty of said act
10. On the probate every will Or grant
of administration, not exempt by law, there
shall be tag of one dollar, where the estate
passing by such will, or coming into the
hands of such administrator, shall not ex-
coed one thousand dollars and for every
additional ono hundred dollars. or fraction
of one hundred an additional tax of ten
cents.
IA On every deed not exempt by law
admitted to record, and on every contract
relating to real estate, whether it be deed
or not, which is admitted to record, the tax
shall be one dollar, where the consideration
Of such deed or contract does not exceed
one thousand dollars and where the consid-
Grafton shall exceed one thousand dollars,
an additional tax of ten cents on every hun
bred dollars of such consideration but any
deed, will, or contract may be rc-recorded
in the same office where the records con-
tanning such deed, will, or contract has been
destroyed by Gre Or otherwise. free of the
State tax Promded, That, bpt one such
tax shall be collected on any such deed or
contract.
Is. First. When any original suit, no.
tice eiee.ment, or attachment, other than
summons TO aasEe: q suggestion sued out
under the eleventh section of chapter one
hundred and eighty eight of the Code or
other action, except +" suit in ohancery, is
commenced in circuit, county, or cor pora-
ton court, there shall be tax thereon if
the amount Of debt or demand for damages
shall not exceed five hundred dollars of one
aolla.. and uhnn the dnht Or demana for