Savannah morning news. [volume] (Savannah) 1868-1887, 1885-02-16

I man the deficiency which will exist
vas there any necessity for such tenn
porary loan and funding bill as tn bonde
railing due in 1885? There was as 7 CON.
celVe) no necessity to make a temnorarv
loan not TO be paid from the revenues Of
iooO-nO necessity 10 fund the bonds fall
ing due In 1885. A small additional fov
OF LILO of 1 per cent. for the wear 1SS5
Weuld nave provided for the temporary
loan OF S2OO,OOO and for the bonds falling
due In 1880. This, with a Temporary loan
IN anticipation of the tax of 1885,. a usuaI
practice in this State, would have met ali
claims against the State arising from ap-
preparation for the year 1885. The his
Tory OF taxation In this State from 1870 to
tne present time will abundantly prove
mat the Legislature should not have re-
sorted to temporary loan and to funding
ponds que in the year 1885; but should
nave imposed an additional tax be-
yOha 0-lO or per cent. on the
property of the State. In 1870, upon
a property worth 1925, 1853,
TAX OF 40 Of 1 per cent. pro-
duced 1904, AIS. In 1871, on property
worth 1924, 49,, 46S. a tax of 4-IOOf per
cent. produced $937, 1863. In 1872, on prop
erty worth S243, $500, 466. tax Of 40 Of /
per cent. produced 1914 S1 Sc. In 1873,
on property Of 1853, 500, 622, a tax of 40
OF / per cent. produced $1,03S,374. In
1914, on property Of S273, 093, 292. a tax
OIL 0-lO OF 1 per cent. produced 81 800. 466.
In 1915, on a property of $261, 755, 1884, a
tax OF DO OF l per cent. produced
Sl,o0S, 10. In 1876, on property Of $245,-
500, 49, tax of DO of per cent. pro
duced Sl.229, PCS. In 1877, on a prop
erty of S2S5, 1853, $50, a tax of $40 Of
l per cent. produced $1,17S.299 In
1879, on property of 1924, ass, 54S, a tax
OF 80 OF per cent. produced Ss20,6OS Al.
In 1880. on property of $3.50, Ole, 277, a
tax OF 312-lO of per cent. produced $751;
csc. The reduction of taxes for the wears
1873 and 1880 was on account of large
payments made into the Treasury by the
purchasers Of the Macon and Brunswick
Railroad. In 1881, on property of $780,
J93, SjS, tax of $40 of l per cent. pro-
duced SSi2,9S2 90. In 1882, on a property
OF S2oI, 249, 4C3, tax of $40 Of per cent.
produced 1851, 74S. In this year another
large payment was made into the Treas
uTy by the purchasers Of the Macon and
Brunswick Railroad. In 1883, on a
property of 1906, $50, a tax of
21z-lO produced $767, $50 50. In the
year 1884, on property of $317,-
Ol4,21l, the proceeds were in
sufficient to meet the demands against
the Treasury. As the cause for reducing
the taxes, ( the receipt OF purchase money
from sale OF Macon and Brunswick Rail-
road IN cash, not bonds of the State, as in
1884 has ceased, the necessity Of increas-
ing the tax above 10 of l per cent. can
not be denied or eYaded. Carving oYer''
temporary loans or other Just debts,
"tlding over emergencies" for which no
provision is made, "resorting to eXpedi-
ents" to postpone the evil day, putting off
on pOsterity 1.-THE debts of the present gem
GRAFTON" Will not meet the occasion. The
proper course to pursue is to levy a suffi-
Gent taX-this and this alone will furnish
crock bottom for the capitol"
If the people of Georgia understand that
the capitol can't be built except by the
imposition Of a small additional tax of not
more than six or seven cents on a hun
dred dollars (Which, with the general
State tax, will not exceed thirty-seven
cents on the hundred dollars) they will
pay it cheerfully. We hope that the Legis-
lature at its summer session in 1885 will
so arrange as to put an end to deficiencies
of the revenue and the continuance Of
temporary loans such as the one now pro-
Vlded for. v. NJ. REESE.
Washington, Ga.