The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1877-11-07

At his pleasure, vii allow his patron 10 value
his property at as low figure as he chooses
We are also told that when the parties in
question have failed 70 manipulate the as
sessO- as they wished, they have appealed 10
the Beard Of RevisioO and had their &ssess-
raeass cut down os course no one csres to
make snch charges OF use such arguments
pub,;ciy, o. over their own signatures, hat
such statements are made and saoh arguments
are used in private.
Of the truth o. falsi;y Of the Slleced facts.
We shall say nc,hiag. foz the simple reason
tbs: we know nothing. OF the xrgunens at
tempted 70 Be h&sei thereon, we have simply
70 s&v that il IS entitled 20 no weight what
ever To make the alleged dishonesty and
i1oonpe;eacy II the governments own ssenss,
Al excuse for 7ssorJias to scheme o: multi
pie taxation n o-ie= To gel evea with the tax
payer, IS 81 ozs@se &s@ils. bosh law AMI
morals. TIE simple statement Q; the cSse
carries with il ils OWE 7e;asx,ion. II %ssessoTs
and Bo1ris q Revls;oa z-s found to admins
ter the trust committed 10 then. improperly,
and 10 fAyo- the rioh 81 the expense 81 the
pao-. the remedy is very plain. Let III and
p70pe. men be appointed - sll those places,
ssi then le; the government sustain then =na
back shea Up in the fAiofEl performance Of
their duty
The other argzEsea; we have heard attempt
81 % Dc used, hzs reference 70 the taxation o.
stock n csrpo-Ssio2s, &a5 IS based upon the
facs tia; nearly All these organizations are
sugar pl1arzlioas- Il Is sid that lie sugar
planter Is Ii parry chiefly heEsa.;ei BY the
treaty, and that as he's The one among rs who
Is making the alOss Inos'ey, il Is proper IhAt he
should he made 10 bear As laEse share As
possible q the puhlic b1uiszs- Tue answer
u 81 sDeh style of zrsuzsas IS siaply this
that al pe-ssas oushs 70 paw one uniform aa6
Czv4-yinE rae Cpoa the fair v-lu=1ioa Of their
property. be the sane large o. small Class
taxation, ike class Legislation q al kinds, Is.
IS rIle, o5eazive, uajGss and isnpoli,ie, If
fo- any rezsoa II Is found i-apzzc;scsble 70 as
sess the plantations s, rA:s which viii hear
fair p-opa-sioa % tie annual profits derived
ths7etro-, Al iacone szx c&a he devised,
which Will s5eesa&lly oo-Tecs that inequality.
F s. much io- tbz oaly arguments we have heard
advanced IN support ot the measure Lei Us
now turn fo- few moments 70 The merits Of
Tie measure Itself. Ne have sid that The
law provided n certain cases to- 8 svsse-a Of
I double taxation. b1i even This statement does
nes express the full proportion Of the injustice
. 6ose- Under c=-szin Circumstances very like
( ~ 70 Oscar, =a3 which perhaps sss1sIly have
T oocGrre5, II; oaly two. b1i three .zzes can be
g0s cut Of the sane property. Il Is oaly
necessary that plantation O. o:As- property
owned xai worked BY stock company shall
be nOag~sei; and behold this brilliant fe2.
E Q: le-eris@zin successfully 4coO7plishei-
We VIII snpPoss a plantation worth oos hun
Gra; thousand dollars, We vii suppose the
szze Owned and worked by oaap4Ry having
capital stock consisting Of o-e hundred
shares Ct o.e thousand dollars each, and finally
We vii sspPase one hcairei ihoas-n3 dollars
borrowed o. The property and aorsg4gs
given for the SANE And now what Do the
shzreaol5e-s Il thai plantation actually owa +?
Wa: Is ne value a thar united Interests
II The sa.e-P-sse2 Ho~ mach @cseAl pre-
perry have they II the ooaoe-ls They own
@3oag then : pseoe Of property which IS
Eaorss@ge6 fo< is fEl value, and tia. Is all
L IS tue they have the nominal title Of The
p-Vpe-sy n their u&le, they oEn what Is
known II izE Is tie eez:iy q redemption, .
hu; this II tie p-ess-s Instance IS worth DO
thing. the mortgage bezsg ASSUMED fo- tie
sake az zrEome1l and Ill1s.rztSou, 90 be fo-
tie fall v4lae q he properly Even were
sEch aos he c&ss- TIE e,sisv q redemption
could hare 10 possible vAlse e1oepS fo- lie
anon: the properly might b-ius over and
above the mortgage Bet Il nav b< said tie
uo1in1l owne-s Of tie property have the uss
q lie sane and are entitled . receive and en-
10y the iaooOe and p-usss thereof. This Is
vzy uus- provided there are any pTOSss, Lei
Surprising tke-s are nonz what theas TSe-s
Is certainly ID iDo0ae OF prosi 4ocruing 10 tbs
stockholders until after the interest On the
DH-sg4Ee has been paid, zo3 suppose again
what Is by - Esxo< an unprecedented case
. that the izooDe derived frosl the property !.
ncs eno1gh 70 pay the interest, OF that u:
--------a~ = 80 N----S- - --see
: How, tbez. shout enjoying ne iooo.ns -.
proSrss Lex - look nov little furchss
II or hzoire6 thousand dollar .1ortEzze:
plEatS1ioa zai ask. what Is the toszl vzsc.
q tie vz-so1s Interests q al tie pzrs5ss
oosos-1ei therein, iBSaizzg tie Es5rsgzge
Il IS jcz c1= hundred thozszni 5ollzu
; -osisbs- Do-s 1or less Auy 4-ze-p. o
, the Law . make Il APPEAR o;he-Eiss q 10 -
ssss q any oiber bass, Is SIMPLY 20 ADOPT Al
, make Use a legal Seton" fo- the V.urpos,
; q tz1lg interests which II reality CO 70
EMS
Tins TIE Law, q a. any rae TIE assssso
with the approval Of lie Supreme Cozrs
! uo5e<S-kss 70 %, z1s does lbs ore hzn
6-ei th01saod 5o,lArz wo-sh o< properly b
cga1rivss 70 4pprusch froz three di5e-sss Il
, rec1ioas, and IN e1ca Instance sets I'd 4.
. clzi- q sole and o-iginzl dsso0vsrs<. FRS
be discovers TIE plz1-Arsoz- All, s.ys hs
Z h=s : real estate ~o-sh hundred sio1ssai
7 6olizrs which must pey -zr=s On It's fuH vzlz=
: NsU be calls Ep,oa t5s nan who bEs zaozs
--z-= - - s.--= z-.7 sxr<- NJ zss- s-r -