The weekly clarion. [volume] (Jackson, Miss.) 1863-1882, 1876-01-26
Ahe Exemption Policy in Relation
to anufactu-ing.

featuring for a limited period is founded
IN wisdom, and therefore can not favor
It's abandonment. The object Of such
exemption is to invite capital and immi-
grafton into our State, and to diversity
its industries.
In consequence of the general insecure
ty Of property resulting from the igno-
rance and corruption of those who have
had charge Of the State government since
1870, the exemptions have not had the
influence in tempting capital to seek the
State for investment in manufacturing,
which would otherwise have existed, but
the change of administration will impart
confidence, and we may look for salutary
results unless the policy on the subject Of
exemptions is rejected at the very time
1t Is reasonable to suppose a wholesome
effect would be produced.
For the purpose of inviting immigra-
ton acih capital, we are in favor of the
most liberal legislation. Hence we have
favored the plan Of exempting a given
number of acres of land purchased by
immigrants from other States Cor abroad),
on condition of their becoming actual
settlers; and also of offering inducements
to this class of persons to come and
settle permanently in our State.
The most prosperous of all the South
ern States is Georgia. In thrift, econ
omy and prudent management since the
war, she has set a good example to her
less thriving sisters. Since the carpet
bag rule was broken up in that State, her
property valuation has more than doub-
led. She was quick to discern the ben
efits that would result from a liberal pol
icy in reference to manufacturing, and it
was embodied in number of laws
which we will copy for the information of
those who may not have given the sub
ject deliberate reflection
An ACT to encourage the manufacture of cot
ton and wooden fabrics in the State of
Georgia.
SECTION l. The Senate and House of Rep
resentafiVes of the State OF Georgia, in Gen
eral Assembly met do enact, That for the
purpose of inducing the investment and
employment of capital in the manu- facture
of cotton and wooden fabrics and yarns,
within the State aforesaid, any individual
or individuals, and any body corporate,
that shall hereafter invest money to be en-
ployed in the erection and operation of any
mill or mills within said State, for the man
ufacture of fabrics out OF cotton or wool, or
both, whether such investment be applied
in the establishment of a new factory or in
the extension or enlargement of Il now eX-
listing factory, shall be exempt from taxa
ton for State, county and municipal pur-
poses, on the capital so invested, and on any
property purchased or erected Herewith, /
intended for aud necessary to such manu-
facture, for the term of ten years from and |
after the laying of the foundation OF the
mill so to be erected. And it shall be the
duty of any individual or individuals or
body corporate, claiming the benefit of such
exemption, to report to the Comptroller
General of the State the amount OF capital
so invested, and the time when the founda- /
ton of the mills reached the surface of the
ground where situated; provided, that in
case of the extension or enlargement OF any /
factory now established and in operation,
this act shall not be so construed as TO eX-
empt from taxation. investments made prior
to the passage of this act.
SEC. 2. 1t shall not be lawful for any State, /
county municipal officer to require any /
individual or individuals or body corporate,
who shall make such investments. a de-
scribed in the first section of this act, after /
its passage, and shall give notice thereof /
to the Comptroller General as herein pro- /
vided, TO return for taxation or to pay any I
tax upon capital So invested, or upon prop /
erty 50 purchased or erected within the I
time of such REDEEM ption-any law. usage /.
or custom to the contrary Notwithstanding |
l.. w. TRAMMELL.
President OF the Senate.
T. w j. HILL,
Secretary of the Senate.
JAS. b. CUNNING,
Speaker House OF Representatives.
J. d. WADDELL,
Clerk House of Representatives.
Approved August u, 1872.
JAMES NJ. SMITH.
The following is the provision of a law
on the Dublin Mills, at Augusta, Georgia,
approved February %, 1874:
SECTION Z That the capital and property
of said corporation shall be exempt from !
taXation-State, county or municipal-for
ten years from the time of their commenc- !
ing any of their man fractures.
SEC. 5. That all conflicting laws are here
by repealed.
The following is the provision of an
act to incorporate the Arkwright Manu-
featuring Company, Savannah, Georgia,
approved January 10, 1878:
SEC s. And be it further enacted by the
authority of the same, That said corporation
shall be exempt from all taxation, either
State county or municipal, tor the term of
ten years from and after the passage of this
act; but the President shall report to the
Comptroller General of this State the
amount of capital employed by said corpO
ration: and iU shall not be lawful for any
State county or municipal officer TO require
said corporation, after such report has been
made to the Comptroller General, to make
any tax returns, or pay any taxes upon the
capital employed. and the property owned
by said corporation.
From these laws it will be seen what
the policy of Georgia has been in rela-
ton to capital invested in manufacture
ING. The results to her have been ex
ceedingly beneficial.
The laws on our statute book may re-
quire revision to guard againstabuse and
to restrict their application strictly to
| the object designed to be accomplished,
as above set forth. To this, We could
urge no objection. Nor would we advo-
cate an extension of the time now fixed
| by law When the infant enterprises
which have been struggling for exist
enee shall have developed into vigorous
manhood at the termination of the ten
wears now fixed by law, we would sub
| iect them to taxation as all other inter-
ests are taxed; and at that time, it Is to
be hoped they will be in a condition to
reimburse the State for the generous
policy. under the influence of which they
will have grown and prospered.
THE Meridian Mercury commends the
hill ~ Ganator Fewel1 10 break up the
practice of giving straw bail Imported