The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-02-26
REFORM ~ TIXIIION.


Andrews.
do roo propose to EXEMPT all personal
property from taxation. ON the contrary. uro-
pose to reach hlIrdrada al ,nillinns i'nt nv
sscspe. and subot ali hat a. IbI La" 70 the
operation 81 iust ana equal laws to be Iustiy
and equal, administered by the authorities 81
the stltc.
a 30 real estate, that propose 10 relieve er.
tircl from th, burden ~ STATE taxltlun and
oppres.ion "a stole cot, .iil,tian. Nh H. even If
made wen and fhI,. viii never seem 10 be so
made by % large portion Of tho taxpayers
The -ugee-tiof. / huyo 10 maze are brleay
these;
l. That ala eornotaflona crea.e1 he mr. doin,
business ~ tie stHte shall he a..essed bV the
state Assessors. upon sworn returns I, be sent
to them I'm Albany ana lie taxes poid directly
to the state IIea.n,er.
2 That the tpNcs ~hall be fixed upon the value
OF the stock. percenias, upon grnss REGENTS
or in proportion 10 dividends. Including serio
and stock dividends al such rates as viii attract
capital and yet Weld a large revenue, md maj
the scale Of ta1ation be so alitusteI ma nor To-
call for any dpdiriion fnr inVrstUsnts n, r.al
estate - '0"'
3. That discrimination shall be made I'm the
rate OF taxation uron corporations formed un-
der the general Manufacturing law so "A, to
foster such interests 50 far a. may be practcable
and equifaile,
L. That " Il shan he found necessary to secure
ample revenue 20 the II lie, a license tax m ID.
crate in amount, may be imposed uuon certain
D. That Il sh. II be left TO each CONT to dc.
termiDe, By it, local legislature, whether Il viii
tax, for Its local purposes, other descriptions Of
personal property.
g. That real estate be relieved entirely from
taxation for St.tc PURPOSES
I. That the real estate OF CORPORATIONS shall
Continue TO be taxed where situated, as under
present laws.
These propositions vary somewhat from those
submitted Two wears AGO. hut | have n moor
opinion OF "A man in active life who has learned
nothing and has not advanced his Views DUNG
such term. The same uTlnriple, however. UNI
detles totu plaus the q lereuce being chiefly In
details '' ."
Toe brpt rrnuoeition herein stated 4. based
upon the fact that Curporations are The creat1Irs
OF ihe s ate, aud are specially accountnpis Ia
the state. She citizen ia his inuiyIduIlity l.
older than tho State and In soma ,sr',.,s III 60
than the state, but cornorntions ar. usiiber
and are utterly subordlnate and resnonstbta ~
the State The system proposed iu,ures mi
formitY both In tho method of assessnent and
the rate OF taxation upon the classes into which
corporations may be- divided. The effect would
be To subject 70 taxation Ilebt thouSh in mas,
be, hundreds OF millions Of urooerty which car
not he reached by present laws ~
The second PROPOSITION Is desipnad 10 avoIJ
complications az to Investments In non-taxaole
securities, such rs Government bonds
The object of the third pro- ositlon ia obvious
II Is 10 make taxation LIGHT upon organ,zatioHs
the purpose Of which is TO enable ssvarni man
Of limited means 10 form n cornoTstinn 70 40
what one man Of large means NAV and does do
1t Is In he interest Of the poor man and fayors
the cooperative organic Itons OF that els
not approve the princlple. vet n NAV he exnedt,
ent. So urgent hOwever ia The need ~ inrne
diate reform I'm our tax l1wa that i would avan
U oiSuI III Wnht might not approve.
novel as The nan mas s =, ~ o1 90 sdu ,hht
the ~, ~ 10, y r nus pIeceuehts IN
sonnl nruneTtv ,vbic6 ~ an, eao 20 sJuIe poI-
able ia one co,Intv and sranD' a. 80 taAn
county n ia Yni'Sh anu eAvinpt ~ hnotner
OF the state Assessors thai OK m randns