Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1877-06-07

chusetts that the mortgage might live
in another State, and thus the town
and State might lose the benefit of the
taxes unless the nominal owner was
responsible for them. The principle
that real estate should be taxed for the
benefit or the place in which it is loca-
ted is doubtless correct, but we can see
no objection to assessing the taxes on
mortgaged real eastate to the mortga.
gee to the extent of his mortgage, even
though he may not be resident, and
holding the property liable, Just as is
nov done in the case of nou.residents.
Hundreds of thousands of dollars are
annually paid by Massachusetts icapi-
Ttalists in the form of taxes on their
lands in other States, and there Is no
Idodging this tax. We know full well
the difficulties In framing a taxation
SYSTEM which shall affect all classes
Iequitably, but we are confident our
Legislators might devise plan approx.
imately Just, by which mortgagors
could be relieved from q share of ths
burden which they are now ompelled
to bear. When this is done we shall
expect to see more of-our young men
willing TO engage in farming. AS
things now are, the youth of small
capital who counts the costs OF his oc-
Icupation, will be slow to purchase .
BARN on which he can mako only par
tiai payment, and must pay taxes On
the whole. 1t is uphill business for the
average farmer to support his family
and pay for his lands from the pro-
ducts. With enterprise, industry, and
good judgment, 1t may be done; but he
must calculate to pay Z per cent inter-
est on his mortgage debt, sna about 2
per cent in taxes for property which
virtually belongs to another. He must
be agoOd manager who can make his
farm support his family and pay 8 per
cent In the form OF interest and taxes.
Where real estate is rising In value, it
may be safe to make such an invest
meut, but If il is depreeiating, It it has
been for q year or two past, the farmer
must put forth all his energies or he
will be swamped. We desire to see
the law so modified that young man
with small capital can purchase q
farm and pay taxes out on what he
actually possesses. The double taxa
tiOn of property is an oppression which
farmers and all owners of mortgaged
real estate ought to resist. All that is
necessary is that the minds of commu-
nifty should be turned to the considers
tion of this subject. We do not SUD-
pose there is any desire on the part of
our lawmakers 70 put oppressive tax
les on the yeOmanry. They know well
that this producing class are the pill
lars of the State-that with prosperity
to the farming interests comes prosper
ity to every other industry, The legis-
'iyu ;nh oI saAa'ion Sou:eS 9oTn 70 US ss
az az anr.,nS ,nne..anS auu inns uouoi9 taAing
~ ;s ;anorrSo NJ a. ry an s,1
a. s no," - ,n.;,,, v"; a Ia sa :. nS go VI
sa no I.y ,.as:1n rug lul ~, ueI ~ tnis mst-
80 ytstlIo usanuS ss ~ an; a.l ielsla.ofs 70
aSpta't,e h., y, 70 sona alu.Snu
oonra;s s sas ouau0n III ~ saAAsvn ~nIcn =
oPpaesss al o"ners Oh mnof'esgeo
p1TTPo.y
.. @ . 70 ono osnet aspees VI lsrm
-..a.,s,a.Hi ASs ~niIu VIC nay. uen ie4ueotso 70
s,,..s.' sTndlate' put W. nave space mereiy 10
.iIos uoo ~ ~. Ane coln liains rs tns.
.aassn - sssl essa.e rs - ~ Piain sisnt. Inc
E.s;sS; IA &c ~. lan9s anu .no
Du..o.ss, .en. anu asAs anu recelves cor.
,eSs ~. s'ass1eni Us 20 sne humosr and
value u M rne noIses, COWS, snSep ana
swlae. w lney aIe an sa4eu. Inere -
nv eSusIns, snc .heIe sIsSa,a oe hohe-
.h;s = ue ana ma.ne, makes 10 apa.sInent on
sco.o, o.I ne asAs .nat ine noioe.
~ oelscla. pIoPelsy Snoulu 1e taxeo
!us. 40 .nolousnty. ine neIc1ant the
.nseuracturer, sne m0ney-lenoer, ana
.hs plowmah snogio oe treated WIN
w llssl ,tni ihssIon oy Ins AssesSor' ana
mo nase s sonneeneG enoagn 10 tne ave-