The New York herald., 1879-03-21

sTss % q q
ssss @ % eess
ion; MADE upon q sS'S and
guards and restriction. around II thai while the honest
Se viii
ro Your 'ss a o
claiming deductions account OF indebtedness will
purpose svsdinr finding that prac
Sy the
ties and then pledge or hyposhseate them to obtain ,
and
DO taxed upon capital because they tho
whole amoun. have provided an amsndmcn. WHICH. while
this dishonest and many other devices BY
property Justly taxable and your committees Informed
,s ina mSny .. Ps.pssy just py
FoREieS CAPITAL AND CORPORATIONS srs1 nv rAx,D
ous societies exempted from ssscssmens and ,sxaiion
which have accumriated moneys beyond their les,mac
bringing unfair competition with secular
n,se eonsierins that the fact that such real estate is
rented out by such societies competent evidence tna
poses pose '' Of Their Their organization have '' '' their @ bin
th so n ee~sd on in
fee Or for lives: Your eommee believing any dis
e,isens Of this State Is omneny mnjns. aud upon info
the stock and py banking agents and FOR ur
of domestic aud foreign exchanges and discounts n
this State who severely taxed while the foreign
and hays prepared an ansnmena to existing
laws by which such foreign capital is made subject tax
farshsr providing capital q ci,asnsin
ong the be held
agents abroad And committee. in relation 70 the
have o
Ss s as'
facilities they afford in commercial affairs They have
and have been granted BY tho people great
them exclusive many of shcm have grown
gren and have aggregatons of capital
nsis p has as eons
1s s ~ M Of
State has bornc down aud burencd that in many
that ali organizations ought q right and willingly to
bear just proportion OF such burdens.
COUNTY ASSESSORS
Your committees therefore to the cnd that all such or
authority having sasi eases and so@psisns
ties 5" and to avoid do
taxation have provided that all such shall
sary to enable that Board to form correct Juds-
ss onst assy o
shs, real 4 and and pa
from further oxsmnation oath of tho officers
e X yss na % s best N s
mcns to. purposes Of Ecnera tsxHsion Of each M such
doing business entirey within any one county Of this
state i h made the duty Of tho State to trans
county BY Board Of Supervisors upon
= AND
and telegraph companies and all transportation and
county in this State or whose line Of operation 50 extends
your committees have carefully examined tho former re
in the county whore their main oco Is situated,
for the rule They do however find that enables every
snca orsansa.on 70 change its taxable. taxable location
avoid taxation sometimes by claiming at every
other point and that II enables them to mako tcrms BY ac
tsally axng ss offices and taxable location at tho place
Of an organization with 100000 Of actual capital
its principal olcc the wds Of the catsk is
Having view these sf S.ss ss,eysd shs sIs most
Sn 10 props nd IN hoe
counties Of this State into or through which their
their business is sssssliy done and t,anssessd They
sors such cases also apporson the gross o
each such organization that basis and further
on ss
e z IS hG s s or
tho several town Of such county rda and in
appearing upon the assessmon rolls Of such towns with
the hope Of bringing out fuller aud juster taxation OF
Exception however made in cases Of towns bonded in
DD provides that an such railroads and
t I
line shall be apportcncd until the debts
indoS,sd by fhs croaon of the sory property By hs
the q Which hs
taxes assessed thereon such until their bonded
debt is paid.
ELEvArEp RAILROADS.
Your committee, Of the enormous value Of tho
roads and tho great that class prop
cry and considering further that highways streets and
ready graded for their have been provided
sS q % sS ass ss' sS s %
Of damages account of loss damage 20
otner parties in consequence Of such occupation, and
them and exclusive so far ~ their necessities or
convenience is affected; and acting upon the equita
Of property such that is tantamount ownership
ought properly be taxed therefor and 6ndng that the
have decided that such corporations properly
inserted provision in their bill requiring that all
and elevated railways be assessed for the
which they real estate. Your ecmmfttee not
the location In proper places tor taxation and for
the collection Of taxes upon these accumula-
bcrsome Il will be that pschinery is
quired any Offices creHted Your committee have
found all these ready at hand and have provided that
sphere no already become an expert They
ask attention the fact that their plan h ubstan
italy without expense. it being eonhncd TO tho
CAREFULLY guarded BY the audit which they must
beng their plan will bc found practical sim
pie, easily understood and efficient That plain and dis
nct rules for tho performances Of duty required,
leaving scretion be exercised anywhere except tho
Of determining the amount Of asscssnents
will the officers charged with duties under the act
from tho dangers Of fraud corruption and establish
corporations they have crcated All which
TilOs. G. K. ECCLEsTNE.)