, 1874-08-27
Session Of tho Stale Board at Spring.
field Yesterday.
Mr.. Deriekson Offers Resolution that
40 Per Cent Be Adopted as the
Average Valuation.
In Els Speech Tavoring It IIo
Makes Some Interesting
Revelations.


journtnont. Nlr, Dorickson, OF Cook, offered
the following resolution:
Rtaolped, That In tho opinion OF this Board 10 per
cent Of iH caR yaue Ia tile average rate OF aasesspnt
mites on cosnorations and tho Committee On RsIL
roads aEc hcsey tBtrcad to ee governed W that ror
censRo ~ mailing mp tler report On the assosanent
Of capital atock aud railroad property.
Mr. DorickAon BRid:
Mn: CHAIRMAN: tiavo offered this resolution thus
Gasy N sho sasson hong Lat i may lead TO snen
last sess.oa; Tie work before us IL WORK of graz
gSsas , T.. @ Sss5, T. sDr a!ass il. dsetdsa
Judicial faaoton mic, when lS Is jailcis it isf mna sha
laye freq from fraud passed uiaa ho matter betoro
fere only to enforce Tue decree / unaeraso 10 say,
and DO here say ;has IN my opinan not counsyn
lncnta Of tic law, and propose nov briefly to gin
Of tho reasons for hat opiuon and for tho PRO-
y t. sas
Assembly of "proyding such reycuuo as mny b
BY a % hat
to ho ysa her o s - qne
assembly hast m,ao 70 sneh provision by 10
Sdleil'A sheia vo work. viii sivo " som. 'A' 4
tto rutss for ynlug and assessing property aa son
n II ssSa sa Il
created uDr tho laws Of tls State sall bo vauod
by tie state Dolrd Of Equalization as ascertain aud
eopta stoet ineudis .hs tianehiss over md Above
tho ssecssed value Of tho tangibo property Of auch
s e. ssn:
Al its far cash value, estimated ct tho prlta 1t would
nrtng st fai1 voluntary aso" Sci - w. provides
tho value Of thelr capital stock with tho restriction
that taxation Of sus slaroa shall not bs at greater
in tho hnus Of inaividaass, oaizsns u th.s sta,es
When tho AzsesAor completes his work by making hs
return to tno County u4ark hc makes and Suoscrdbss
Do a :es@nly @ swear t,. that
IL" sa '3u1 ful ii o ali rel properly or personai
property, aubjoct to TAXATION lu - 70 far asl h.ys
Sn Ssiue l set down il. ths proper eoan oposte hs
Kinds md esssi9ns Of Ia III eae
Wany shall I nfer from the e1niS sba make that tho
Or Tint the County Boards havo failed In tho faithful
discharge Of he1r duty, by not ordurng new ossees-
icing educated 70 deception, fraud, and perjury;
responsible. It L for mo 10 iischaigo NY duty Will
out fear favoE In examining iniu tls subject Of
ernl loycd ho tins Of others Ne havo gonu Into tho
ss IT, hs Ssy su sa ri d%n s sa1 con-
and the people No nays gone 70 tho county records.
San &c, S % po W
lilo Asscssment. We have Xono to the loan agencies
aud examined eert,aeatea from nearly oyery county IL
under oath state hat thoy ars well. aequainsl with
ofy yes Sf w9h s'y w SS VI y.u,Sa hsys
70 tho commercial agoncies snd ootalns ,ntornation
md looked ut their personal asacsasnents H. Chair
man. now proroso 70 mike statement Of the results
q ths ths sasesanens In hs dosen countios il nlsas
too much Of ths tsmo Of tho Board to ex-
es o sondss sssny inroasn hs will eenas aa'
: tho State, from north to south and from east
nsss ss suSee conclude III ha i %
assessea At ~ rer cent Aans County Ut % per cent
sass' re- ssS.; Ss1esa degasy y pes
IT 81 per cent; oay County 4 q cen. 1ees-
County Ut 10 PER cent; Clark connty At 3s per cent
e ssr " - f arssa cont caanss T
:. per cont; Macouuu County ut rs per cent.
ereater than tue eniro assessed valao Of tho
ated property combating Of horses. CATTLE mulcs and
shssp hos @ nts aud ID hagas e
!s IT, se' s1 u tSs Sssaios nj = z2te: Gelsar Tuo1
0 tho ioEses alono Is greater thun tho assessed
value o tho entire enumerated property in .hs ceua'
Ss1ry lope rulasl ErsnSl!9 HAMILTON saa %aiss s
[
House, and hoEsos only sa3.77 apiece. No wonder
3 M Tae ts9 tF q a s ,e sa
70 On foot when horses and carrugu are 20 cheap
Mr. ohairman whsn: OF 5ome future oesaaion you
surveying the symmetrical proportions Of th4t &C. wv
tic average of tho stae riding by Sc carriage
81 Il i9a issn 8 Cd ss xSa
stsp from tho sublime to ths r!aiculsaa' Methnk.
rtdo ii, such a turnout Capital stock Of tho STATE
National Banks IL assessed at ss por cent Of IL
chanta il the s.ao including M lumber foreign and d.
meao goods, aud drugs Is es than 10 PET cent q
and sst So # the u vs ss ST. H.
H. 1oa& pum1r nas psS tho oas 1e
q should be three bilious, throo thousand mfllioua
r. Now few words in vndicatfon Of tho propfiety q
adoption q ths rsso'uoa o. +. rn1sa sds,;, I
. Tho law Mes sus cash valuation, Or log per oen
The fa cash yaaation ss 81 tlo ,t standard but Y.
10 ments Of the law From thorough examination o.
ibis subject convinced that they wero governed
s:aie hy which ono might bs assessed 10 per cen
and another 1o Psr csn l. & a Gos eSsry to " int M
" wo sy eS @ cent sn an hat ths gun
ss & Sss* sS
t. true Of many Other countless Let as adopt thl
~ sd ss,ss ss4py o'qssy TT oSss b l. op
l. from It for hta county. II could raae the ag
- gregae assessment from 81 400 900 to s. 900 GQ
would adont 100 per ccnt tae rue by which to tx
tho countless but tho law inhiba from doing thai
It il simply our duty to equallxo fairly betwsen th
| ono hundred and two counties In proportion to til
n property cach may have. rule 10 do thlt will
necessary. In another rogard II par Of tile duty
this Doafd 10 assess tho capital stock Of corporation
10 und aomo Of tile tangible property Of railroad com
pantsa. + It DO true that tho property owned BY in
the average, then It muss DO Ut aoina hgur
below 1oo Would It, therefore, be fair and Just 70 %
II aess capital stock and raroad property i 100 20
, cent aud the property Of 1ndlytduals At 40 al
other por cent below 1907 The plain letter of Con
atitutiop s that every porson aud corporation sha
i. cxanlno this subject lttle aud how II LOOKS III
tangible property held by Individuals Ia the aate
taugible property os tho association e aasossod At
ID per cent. Dy tho ruea ndoncd by this Beard, yo
ut stock 70 mo It Reens clear that BY tho adntnstr.
NJ tlou OF tho Revenue law 3ou make tho corporation
A. pay OIL 100 per cent Of tbs cash value Of ho propoE