, 1873-08-02

CANTON, Fulton Co., ILL.,, July %, 1878.
TO the Editor a. The Chicago tribune:
SIN: In ono or moro articlos III The TRIBUNE,
you have reforrod to tho injuatico OF tho 30
called "Ilailroad Aid law Of 1865" especially in
itB elocta under our new Rovouuc law. Now, as
the oditora Of our great metropolitan papor8
particularly Tue Tn1puAE) arc supposed to
know almost everything and to bo willing to
convey that knowledge to honest seekers, wo
write for information rs to tho practical work.
ings Of this law, mud it's effects upon tho tax-
payers Of this county, burthenod with railroad
debt Of about $180,0o0 Ut WAS originally $780,
600, but NO have paid and Cancelled about $780,
600 OF bonds.)
Under this law OF go, tho State Treasurer ia re-
quirod. immediately upon receiving the reye-
nuo for each year. to place to tho credit OF such
county, in tho State Treasury, all tho State ta1oa
collected and paid into tho State Treasury on Tho
increased ualua!on of the taxable property Of said
county, as shown by tue annual asseaHnont-rola
oUer and dJ0ve tho amount OF tho assossmeut-
rolls Of tho yoar 1868. &o.
Under tho now Revenue law tho assessed
valuation OF property in this county in nearly
four timoH greater than the asseasod valuation
Of 1879, and all tho otllor countieg in tho 6tate
show about tho Hano Increased valuation.
Now, II {Rny) por cent OH the valuation under
the old law would produce an amount aufiiuicnt
for State purposes, 1t is eytdent that Il ot !
por cent on tie nssoaRod valuation OF 1873 will
produce the same amount; but how IL tho rato OF
taxation for State purposes to be fixed? Must
it be rate Oh tho whole valuation Of the State,
that will produce tho amount required for State
purposes; or, must tho State officials first aacor-
tain tho Increased valuation under tile new Iov-
onuo law in the forty-two counties of tile State
toithout railroad debts, and tho Old valuation Of
1868 III tho Hlxty counties tcift railroad dqbtat
and, upon this groas valuation, fix rate that will
yicld Che amount required for Btate purpoaes3
II 10, lot us Hoe how it will work us botwoen us
aud our ueighborng County Of Knox, thai has
no county indebtedness for railroad-purposoa,
Wa will nsBunio that their asBoHso1 valuations
wore equal n 1868 aud 1873, rs they are noar
enough for tho purposes Of thts illustration
Aaaeaacd valuation Ut Fulton County in 1866
Asaeasod valuation Of Kuox County 1885,. 5,UU000o
Total valuation Of Kno1 and Fulton for
4ato. ulu0uO0u
One per cont for State purposes In 1903 yiold-
Asaoasoi valuation oi fuiton County IL iSa 90
Asseased valuation of KNOX County III 1873. 20UuoIoo
Total valuation Of Fulton and Knox for -.-
$40, ,00o, 600
Now, how much Of this $40, 600, 600 IL subject
to taxation for State purpoHosf Uudor this lust
supposed construction Of tho law. lot III sec:
Assessed valuation Of Knox County In 1873 900
Asscasasl valuation Of Fulton County IN 1908.
...-..... s2s, ,ooo, 900
So no have e25 0o0 oo0 In place OF $4,000, 600
! upon which to levy taxos for State purposes +;
| and, assuming Tint the State will require tho
aA,no amount a. i'll 1868, viz: sl0p, 600, to raiue
this Oh $25, ,0O0, 600 valuation will require rate
OF 40 couts OH tho 4100; at which ratio, Knox
County will pay for State pnrposeA $3.50, 900 and
Fulton County 9so o9o loaylng ~ soo 9Oo to ba al
tical working OF tho law2 Please onlighton ua.
FULTON COUNTY.