Rocky Mountain husbandman. [volume] (Diamond City, Mont.) 1875-1943, 1877-03-15

enormous oeot anu IL WALL soon have i, A
taxed at least five per cent. to nav ,
tcrest on the public debt and cpr,. 'tf N
pense, with no hope OF eve dimin;sh,"
Who will be so %tool-hardy as to CON-
with capital to be taxed at least A..
cent. per annum? Nearly one-thiro y
taxable property in the Territory j.
stock, which will accumulate greatlvif.
erly protected; but If taxed 50 as f."
the stock interest, much of it can ora
my opinion, will be driven to some :,
where the people have some faint idoo ~ ~
a million of dollars mean.
But the-lawNhas provided that the n.
tory may. by a law hereafter passed :,
said roads (the portion that may be \
Territory at wllatit will be worth, Of co,'
(Which may be but little).
The act provides that said companv i
monthly pay into the Territorial Trc,s1#
a royalty of one-twelfth on all ores and
ion shipped, and one-twenty-fifth Of
gross amount received for carrying pas'E
gers>owr said road to pay the intcres
said bonds, and tosconstitute a sinking M
for the ultimaterpayment of said bond
MIR. Mills says this one-twelfth Der cn
will come from~ the owner of the
or bullion, and violate article 10, ns
United States Constitution and will Wifi,
the whole act, or at least that portion N
ing lis the royalty. 1t looks very NM
like a duty on exports. Certainly it i,
directly at least. But suppose 1t is not
olation of the constitution. The ideDd,
men who have managed to procure the M
sage of the said act now under consi1.E
ton. and who are most anxious for is N
prevail by the people, said last year vs|
some Of us We're in favor of granting aid |
the North Pacific Railroad Company, uns
the provisions of a carefully guarded f|
that whenever we became entangled with
| railroad corporation it would control d
Legislature from that time on. If thatks
no tax, royalty or restriction in said l
would remain there long enough to bml
one dollar to pay principal or interest \
said bonds, and the people may as vl
make up their minds to pay them or ra
diate.
An effort was made in the House to Ell
empt quartz and bullion from taxation adj
in the Council to tax them during the Id
session, but [ believe no law was passedd
the subject. My opinion is that it was oi
done by the friends of this railroad tilt
make the miners believe that they wcL
not be taxed to build said road, though pHl
cipally for theirbenefit but that the ranG
men and stock-raisers would have to TOOTH
BILL. Don't be too easily caught. Ifqut
and bullion have any value to them The
are, and will be taxed under the law &l
now exists, if the~assessors do their duty.
ore and bullion are not mentioned as SUD
in the tax-list, they come under the head
"otherproperty," whichaevery tax-payerl
required to give in under oath. wol
like very much to have Il railroad, becau
WC LlCCu' OilCs i NOulu SESO 1tAC " Nv
fine carriage and a piano for my childrenl
thump on but | am not able to have td
and pay my debts. No man has a right
be liberal, generous, or live in splendor v
til after all his just debts are paid.
The Territorial and county indebtedne
is more than $500, O00.& We have ss@
54o.5 IS assessable property. Number
votes cast at the last November election VI
6,S07. We have to pay grievous and hea'
tax now to support the Territorial a.
county expense and interest on the on
standing Indebtedness. Hundreds OF Wol
ing men havesto sell property at great Eau l
flee to pay their taxes every. wear, ana ln
| but few of the luxuries. of life. !.
Then ! ask, is it not the most unreasvp
BILE and unprecedented proposition eN
| hnor1 of o~o, - flo b1.fnrr nj TUlfW