The Daily clarion. [volume] (Jackson, Miss.) 1866-1888, 1876-01-23
The Exemption Policy I'm Relation
10 Manufacturing.


We think the policy of exemptiny
from taxation capital employed in manu-
featuring for limited period is founded
in wisdom, and therefore can not favo
its abandonment The object of sucl
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
it is reasonable to suppose wholesome
effect would be produced.
For the purpose of inviting immigra-
ton aoih 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 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 liberal pol |
icy in reference to manufacturing, and it |
was embodied in a 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 Rem
resentatives of the State OF Georgia, i'm Gen
eral Assembly met. do enact, That for the
purpose of inducing the Investment and
employment OF capital in the manufacture
OF cotton and wooden fabrics and yarns,
within the State aforesaid, any individual
Or individuals, and any body corporate.
mat shall hereafter invest money to be en-
pIoyeu In the erection and operation of any ,
MIL or mills within said State, for the man
lfacture of fabrics out of cotton or wool. or
)oth, whether such investment be applied l
n the establishment of n new factory or in G
he extension or enlargement of a now ex-
sung factory, shall be exempt from taxa
ION Tor State, county and muuicipaI pur-
'oSes on the capital so invested, and on any t
property purchased or erected Herewith, il
intended Tor and necessary to such manu-
acture, Tor the term o ten wears from and
fter the laying of the foundation of the
llll so 10 be erected. And it shall be the II
uty OF any individual or individuals or
ouy corporate, claiming the benefit of such %
xeniption, to report to the Comptroller c.
eheral OF the STATE the amount OF capital 8.
; Invested, ana the time when the founda-
round where situated; provided, that in
'seoi the extension or enlargement of anv u
Glory now established and in operation. al
lis act shall not be so construed as to ex-
hpt from taxation, investments made prior Ca
the passage of this act. or
SEC. ,. 1t shall not be lawful for any State =,
'unty or municipal officer to REQUIRE any III
dlViduai or individuals or body corporate
ho shall make such Investments as Co.
rioed IN the first section of this act. after q
passage, and shall give notice thereof -
the comptroller General as herein nro Sc
ueu, 10 return for taxation or to pay any w;
\ upon capital so invested, or upon prop
~ SO purchased or erected Within n the the leg
ne OF such REDEEM ption-any law. nsaoe
A " 'he contrary Notwithstanding.
A.. w. TRAMMELL, be
= w PRESIDENT of the Senate.
secretary of the Senate.
Sroo,. JAS. b. CUMMING, eiS
7 n "Reaner House OF Representatives. for
/, elerk House of Representatives. rs
-pp'o'0u august q, 1872. say
n, JAMES M. SMITH g
ne following is the provision of a law
the Dublin Mills, at Augusta, Georgia.
proved February %, 1874: JAG
'EcIIoN7 That the capital and nro,or+,,
saiu corporation shall be exemnt frap,sf An
a ysspS stat county or municipal4sor pea
ana 81 rt ,bai .ne time of their commence r.
&c ;. That all conflictino laws orc -. sele
laws are mere -
ne following is the provision of an sto
70 incorporate the Arkwright Manu- Cru
turing Company, Savannah Georgia iea(
roved January TX 1e-o I'll
20 9 ~ 100; and
lority of the same lg Th enacted by the cipl
4 be exempt from All sald corporation circ
g, county or municipal for tba term ,o''et 81 men
Snt the Se% and after the passage of this the
ptrolIer G eSnne1 shall report to the man
unit OF capital en- poyed bv said 'as eorn one ;,
IN; and 1t shall not he layyt s ~ f oolpo- L
!, county or municipal officer to reon a Jacl
eo " p after such report has hean Inv.
u M roll .