The Hawaiian gazette., 1882-05-17
Aalraiian 6aztttt.
WEDNESDAY, NAY II, lsss,



As De IegiSissuTe ; is. oO1asseips il
its labc-s, st is &c te prsssfssa hat The sueiisc
Ct ta1ssisa VII slaiua a ro-tsan sfits eOassaer.
atioe. and that the present laws VIII he 81
r-,sissa CT ar,sriea Is IL resaer their szse1-
TIVE u-cre Just ard e7zSisble, ard to a,osi any
u1isccos.rucsc, which can lead u acuhls CT
uefas. ts1aticu- aoScs kusv that thsre i
any a1ssrcrce Ct cpirsca sHscrsst isseihsvui
-,su abcu. the Object Ct tszasion CT is general
r-i1ciples, the fcr1er beiss to carry CT thS
necessary wozk Ct gvvvruueut IN The hes' ard
-ost eccronicsl ura1,ss. and the latscr, that
al tie persous and property besesssd BY u
st1-i3 cc7sributs thsir Just prvPortioa towards
it. lu otber wurJis. that al Pcrsons ard prep
z-ty shcu'i p1y uuiforr1 rate 70 defysy these
necessary expenses N law shc1ic = a.
lowed q Re - ecuSlrueG as 70 rerrnft ccuble
c- u1egull tzxatica, as ccutraTy q The equiiy
and i1.ens OF The ccusatrticr. aud Viciai'on
OF ths 1-s. avs Of rrs1ce-
The uscessity c. taxation. and tie prfrc1rle
ara which taxes shcul3 bs levied beng stated.
re bssi -e.hcd C assessment arr cclisctlcn
reui1i- CO be ccrSiisrcG
Fers1rsl axes are those LEVIED susciIczlly
upcr persons and for srsci6c ohlects, as the
rcI tl1. tie schccl ta1. tie rCa3 tax Prop
srty tz1 = that levied uPou property. ard Is
us1lliv rpCl all property nct exempted by
law, ard az a rritcru rate pe- cent
Prars-ty Is, tecbaicAliy, scus.hlrS tangible
lavir- AZ intrinsic ard market value. Fey
purposes 1f ss1aticz, !. cc1sists Ct whatever
has uccev yalse in he market. ard What
7a= 5 wc-th Is What rvr1ains after all his
5ehss are ra5i. Ard this Is The sun upcu which
hs shc1d nay lakes. simple property excludes
cyi51-css CT Geht, as uc.ss. Mortgages, etc, as
thsse derive their value only .fru1 the CLAIM
they give g the simple property Of tie 6sbsCr-
Il De has uCue, then they s-e uithcu. value
&c The crvti-cr- Il be has property Of certain
5ye6 yaiuc. .hs- these evi6ences arr COED. tc
the s1rg1E Of he vzlue OF the simple P-op-
c-tv owned y Tie debtor. Here nay be
.uc r-c-hots q ssx1.icc. beth Of which VII
&c essential Justice 70 the ta1p1yer ard
s.ste. ore vcCli be f,r The ovasr q tie
property % pay the tax Upcn the whole.
l-E ccl.sc- hack frUu The creditor tie amount
u1i1 upcr his claims. The ctbsr would be
&c icigct these cizizs frCu the value Of
Lis ,r-CPerty and pay the taxes CT the bal-
g1ce. and fC- his creditor to pay the taxes
upc- the amount Ct the debt due 70 hiu. Beth
G these methods wCult be Juss, giving to svv-
eminent rs flil Gas, and doing justice to both
t8Zp1ys-s- B1s fcr the cvuer g paw O. tie
whole CT his property. and the creditor 70 paw
upc1 debts due g hin. wcglG Be double taxa
t1c. tc the extent Ct the debts frcE owner due %
Ei-- thccsh paid By tive parties The last u1eth-
&C -f tie tag uL-sc- : tie r1ors cCuEC1 vzv.
and 1cccr3s with popular fseliag, ard perhaps
fer that reason. 3 the most eIpedisrt. Tie
Simplest ard lest a al systems Is, think, 20
TX al property, wherever found, - the per
SCI n possession. 1. & SAID, the debtor. as 4
r-lg, Is always IL possession, and hence. tie
tsbtC-, wbC : least able 70 pay, must always
Pay, whilst tie uC1ey leader gees free. his
would be 4 valid objectior # It were really
1-us. bat. tbCugh apparently srus, l. Is nc.
really g. Ii {. were } fixed fact. that the
property Cw-s-, who s the borrower, always
pad the .gCss, /. would, BY Al un1lisrahle law
q f-z-cs, diminish the interest by the amount |
-f taxes f-oz which the lenders money vas
freed - that the lender would zst the sz-1s,
and nc mere, &C his money. for, whilst lie |
wcclG receive less interest be v-o1lt have 10 |
ELzes g rav. The borrower world paw cnlv |
the sane, fer, aithough &c would paw he |
taxes, be w0uld pay less interest.
The rul1-lvs position Of bcrrr Esr aid lender 1
v-uid remain he sane, the former wccii raw 4
&c mere ard the latter wg1ld receive nc more. /
his method : tie simplest. ard entirely 4
aeuI-4bis a. between borrower and lender and \
tie state ls I. Covers al property, = ich Is
AZ tie state can claim, gives q tie lender
rs due, though his Interest Is less. vet be has
DOT tie AZ 20 pay, ard Gusts the borrower 70
more. fer, though he pays the tax, be pays less
interest. Dong Justice 70 al parties, il wo1ld
tender E1Cecessary any I14gisiticc about debts
= the I1tsrral business cf the taxpayer. often
s--ctG-lly given L wculd render u-nsces-
l-y any inquiry Of the merchant about the de-
i--li1u CT foreign debts, fer the whole property
T1Cl1 Be assessed, whether paid fer. OF rot
Lh-s method Is the simplest Of al, doing fall
-stics 70 all and leas. q al, liable 70 abuses.
q d does not have the popular approval, be-
arse = = cc- understood, L Is Cn.rlsd II
5 the principle upon wEach Mr. Prestcu's bill
o tie LesislI.urp q IsS0 was based, and that
L-l did not receive the Royal sanction. and.
-sh11sh fully demonstrated that. under the I
Avs of commerce, It cannot favor
be lender 1t the expense Of the borrower. vet |
cgCi1r '-slig.g. sustained By legislative acts
I'd I11lci1L decisions II enlightened IGnds.
cen 70 render il e1PedisnE 90 t1 revise and
mend the CD law as to correct the abuses
-lsl1.- under il. without attempting ! new de-
arturo under what seems \ simpler and better
-sth16
Lt seems ls though there could Ee no quss-
CT ~ CO What s the simplest and best method. /
ID tie east Ilbls to abuse fruu miscuustruc-
&c q the law, bet under the popular feeling
] tlvCr Of the CID method, and especially the |
cling that the payment Of the ta1ss By those
] Possession. usually beng the tebtors, favcrs I
. creditor AZ the expense Ct the debtor, It =
question whether It is best 70 try the new
-s-su though - the rsascner is Advantages {
ny be clearly apparent. The most difficult
INT fer tie popular mind &c realize Is. that
does not favor the creditor At the expense Of
.e debtor, for the lzttsr to pay the taxes 1t
-es not realize that money, seeking invest :
ems vii accept lower rate Of interest #
.ere le no taxes to pay, and that what the
-rrluer pays IN taxes, lie saves II interest |
d that what the lender Loses In interest, be
.vas d sIsuptiCu frcu tz1ss, Just as mocsy-
1cers VIII invest fer less N government
Ids e1zrzEt from ta1ziic1 than they viii II
Ivats Securities Subject to be taxed. So that
e relative position Ct dehtor and creditor re-
ans precisely the sane; tie creditor has
. ldvantl-e from Cue above the ether. and
e tedtCr suffers % disadvIRtase il the one
ere than the ether
The real Advantages II cus over the other
p that With less Opportunity Of Defending
G state by cuncsalmeut, II. with equal cert
~, secures 20 Il all Of It's Just dues. L AZ
-is g taxpayers Be they creditors CT debtors,
itrul ger prpbablItyC q exemption frum double |
Z1ti0u b. ! mIscn1structicu q law. IRE
ives the taxpayers from the liability of auy
: -lsi-1rlzl Investigation into their private
airs, beyCnd I J1st statement q ali their
uperty having neuey value, and comprised
isfy n lan6s, fsvu lots, buildings, furniture.
DDS chEttels, wares and merchandise. SHIPS
houe q abroad, Moneys. growing crops.
IRIS, bonds, etc.
ELese are real advantages, the uethod Is
Q pLer and i gEsrs 10 advantage to one class
eve another, Bot with all It's real zdvantaEes.
E Legislature nay net deem Il szLstiisut 70
Z i. one sLlng l an sure they vii he dis -
sed 70 d, that l. 70 correct present abuses. | i
I VII repeat there are tEo systems. either
which vii, Il faithfully administered, DO
iuce to the s-ats. and al taxpayers, te they
5t1rs CT creditors
The frss and ucst crUuoE L. for al prpp-
y to bs valued, including all debss due to =
q as part, to the holder, aud fer hin to 2
51ct thersfruu al the debts b owes. and be
sesssd upcu the balance that remains. which
bis property. The second L, for tie hoIder
BE assessed for al the property "a rs pas
si7, mo- fHrfuiiHg any debts due n Rim,
Z VI dsria-fiHg any dsbts which nay be
E f-1m hfm tc others
The second method Is the simplest. Il re-
rs the vhols property; 1t makes 10 returns n
debts due ~ " frCus the taxpayer fit Be
Z that g0od debts are property and should
returned as property, reply that the nan