New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-02-17

"passed to q tribunal where oaths could DO inquired
ceedng wear the amount OF personal property returned
by the Surrogate for division among the heirs was In ex
In one OF the cities Of this state the frankly
informed the Commissioner that they had tled tne
plan OF assessing wealthy citizens at ON approx naey
ull valuation for personal property, and, finding me
result uniformly OF dctriment 10 the city, had de-
erato amount without regard 10 auy valuation. EXpe-
rieneS had shown that tax on fm yaaton wa
ment they had sold their property and changed tneT
ton rate was different One Instance. tn rartiena T
referred 10, where recently mduo lu
ton down the valuation to 100000 PAID aAes On
that 10 tho extent Of four por cent and let the ooy
orty, brought to the notice OF the COMMISSIONER IN
worthy Of notice for its ingenuity hGIn gd 500
600 found the rate Of taxation TO which the sai9e 10
subjected too onerous and too destructive OF
! be endured. The establishments was tns'o,U r,
cess and bought in by the original owners
capital ii ia today valed and assessed Tho same thing
in principle Is reported by many 0thef nr,ls aI III an
increase in It's value never their original
capital and return such only as the basis OF d GOOD
| viii is really ratable at y murh larger figure
| MEASURES REFORM
! The Commissioners recommend -,
First: That real estate shall be assessed at It's inl
value This method has bsen tried in Philadelphia ana
| works we'll
See,nd That the attempt TO levy general tax upon
personal property shall Do abandoned II not inc aE
t be made far more stringent and severe than has
| ever vet bcen But no system yet devised short OF
third That the exemption of Indebtedness from taxa
t0n must he abandoned condition OF success In any
Sy9 n OF '1, a Ecpmmssion Would abandon the multi
plicatlOn Of oats security for Lealthiul assess
VII. That tbe taxation of mortgages upon landed
property must lie given up mprucucaDle and niu-
rous because it prevents te leaning 1 money on mo
The SG9nG Which, ShoT %akd q, Eeaf mp SS3b re
levy taxation upon some OF the most hnpOIuiuS
classes Of personal property, snch as imported
posts savings banks personal property of citizens
actually situated in other states property in transit;
negotiable instruments and claims, and property held in
trust. They show that while two states cannot tX to
same property this state has no power to EXEMPT ne
property of It's citizens in other states from its fair snare
The supreme Court OF the United States has recently
decided that State cannot tax MORTGAGE bonds OF 2
railroad which lies partly in another staie 9ut Ihu5t
cODhuo its taxation exclusively 10 the property WHEN
railroads OF Other corporations which property In
than state are therefore entirely exempt tom
local taxation, inasmuch as the mortgage pond covers
and binds the whole property.
TWO PLANS PROPOSED.
The Commissioners close their report by Offering two
outline codes intended to carry out the one fully and
the other only in part the principles established by their
Investigations. Tie principal aim OF these codes Is to
limit taxation upon personal property to tho capital
shares and profits Of the corporations doing local bust
ness wholly within the State and not affected Ike rail-
companies by competition from beyond 10 jurisdiction,
and making all other personal property entirely iree
SEc Be enacted that hereafter the franchise capital stock and
the real snd personal property Of corporation or oah
Tsuy turnpike company saving, bank, gs company. ferry
e,p,rltSn sua0Tiied to rsci7e dposis or
b bI 81 s. Of @ Ss or air lie SGns BEag aci ,pi 5
in THIS state an The shares # ala hanss sad The SSneR o. a
1nd The capital property o. s' oesl aslee cop.-
within shs be assessed sui taxed according to .s
Ing laws OF this State and according to such laws as mas Ei be
SIC Byery person frm padP, agn g1ia'a'r''ei
under the banking Of this state or unaT the NAoisi b. -
Tc dr.f. o. en- CO AZ s,6t and buyns OrscOunf ill.,
Se S &c ' ,nei; to d 1'a he ia%3 Of 5
previous year subject % sight drafts or checks upon the owners -
Managers Of s,d .s55 business o M, s Of Mi, Art e,est
personal property gnate e Grzt and seeod cons Of tbs act
An real estate other h.s described in Section
Of this act sae assessment and taxation according 70 i9e el;
land, san Ne s.se exclusive 1rioe and entered in ,he i
and all bumg lauds saa be assessed at ts ny hi value
the purpose Of taxation"
The second code differs from this chiefly in the follow
SIC Every person corporation rsn tsthr ih,H ne eoTRo
tons associations and persons OF fTss .3Ti. 10 en arc M ,e
named in ihs first eoe oeagaEs as osIsI' OF a. t9 an
goi e 81, t ,1s ss S . s'' a. ''S ocs :.
the laws thS Ss5tc5fe IN esr YEAR in the civ Of
Twor Monday jane in oh portions Of he s
or TIE purpose taxation he town or wad where thh sng may
situate equal 70 tn times NE M sl asi ai ~ a.
S p s Of S beOi Of sbs IS 1sors aid a. Will
personal vat plrpOses Of taaton In estimating NE
building Of building ne acn and nom s
rent thereof fair and equitable proor Ctt
Of s1al lie OF tL
oil e then tie he made Tie bass Of nc interest
ocerpr Is tire - the property the assessors SHAH est
mate The .-sual rcu bjng. Isrt Of building alta SUN
VII h wot1 he anIaa cagt " ohn oa IN occupancy
Of or Of tie interest n the oc value OF sa
building and building shall he deemed ncaie the Hd on when
te bubne much Of The unbu portion Of the o
occupied for emit 10 and occupancy
e building Of land adjacent or corg TO
building
roll The taxable oecuper, the nHmbe oil the Odn OF
The numbers occupied and TIE purpose f
The premises reported BY the occupant or e
ms give sny other description Of the building OF Se occupants wa
bey nav consider viii promote the due execution OF h law
separate shall he made against The person. persons OF huS
occupyitg each building, any part thereof Nh -
No person shall occupant OF bndng or
mart Of udug shall property or unless be mas u MS
his control property az an oenner OF b
nan M bpng subject execution according to the laws o. s
ktste Nor shall deemed to be oeuper OF bue
or nart Of building employed as servant TO guard vacant OF
nnrpie house building not containing furniture nciehah
goods or oha except such be necessary Tor h 0'o
wants a enpoye. -. =. . . - III I'll An
applicable the enforcement and collection
Of an lar sgnst as the occuper
n pdpg or part Of building and that the amount assessor 70
an oeeneT according this shall be deemed 70 be persona
sssessep or valuation shall hereafter be included IN We sos
valuation in The all real and personal properly
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CRIsPIN CO-oPERATION-A NEW FACTORY TO
OPEN TO-DAY.