Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1891-01-09

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TAXATION.
For a number of wears the opirttcu has pre-
vailed that the tax tav. of The State are not
equitable in their opeYsfioa: that there n
altogei ner too great disrrepanev be, ween the
portions of the ,ublic burdens borne t,y real
and personal PROPERTY.
Taaer A resolve OF The Isst Legislature, a
(,our,is-ion xzs ,nro;u,ss ITO irn,,ire into TIE
.y.teD liouted nv other s,a,es 10 raise r,.yeuue
Tor state. Comfy and sisuicjrsai c xpen-es, and
10 provide for more e..ttat. tfs, and equitable
.vstem al taxa,inn of IN k,nas of proper,y in
this State.
That Commission has faithfully attended 10
its prescribed duties. The general question oil
taxation has been closely siadied. other
states have beeu visited and their tax laws
carefully examined TO ascertain IN what re-
spects, il any, they are superior 10 our own-
The able and exhaustive report OF the Com
mission will be laid before. YOU. i commend
il to your careful consideration.
IL has been quite a common experience,
among the various states of the Union, that
movements for tax reform have been exceed
iogly slow in striving at definite results. One
Legislature, despairing Of reaching satisfac-
passed them over TO It's successor, ana thus
the desired relief has, oftentime,, been long
postponed. With you there VIII De no ofca-
son for such course The report OF TINS
special Commission furnishes You at the start
with the groundwork for legislation OF tbis
character.
II will be your duty 10 examine Into the
whole system OF taxation, to ascertain what
new sources OF revenue are avaiiabie' and
whether any class OF properly Is bearing less
than its fair share OF the public burdens, aud, II
so, 70 Apply Wnaletel ieinrs may, IN sou VI
This matter would seem to require its careful
consideration by a special committee of the
Lest.lnture.
STATE ASSESSORS.
rho,.,;,,. oo,,.,r with tho roeomma,d,,;o,
-, ,he - Cnm,ai.s;nn ,nr tho anno;n,ment
of S,a,a Rod ~ Assessors vhnse duty II
.tau I.a 70 .var.;sa . cnntr,I ,unervison over
o,, ,' raw sys,sn and ITO ennaize the valuation
~ ,hc S,!.e I,ionni,l,v m order that m, taxes
W 80; h., ss.h aaisj,,nre shall he assessed
mon new n,inafiom'S
A decade is altogether too long time to
elapse between valuations. Ten years bring
vast changes IN the creation and distribution OF
"eailh III otate "nich Is growing 1Neh iiio ~
rapiuly inoustiaiiy tnau III tiiv ny, huihoei Vi Us
inhabitants; valuation IN all respects eqait-
many ways, work gross Injustice at its close
Oh's ~ iiequen' a.' y, ~ VI IN
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DIRECT TAX BILL.
Under the Act of Congress approved
AUGUST b. ISL known as the Direct Tax Act
Name Maid TO the general government the sum
of Soy 102 A bill was passed by the United
states Senate during The last session of Con-
press authorizing the refundinp TO the sew
erai states, of the money thus paid the gen.
eral government, and the same Is now pend
ing before the House of REPRESENTATIVES,,
1t would he very advantageous to the State
if this hill should become a law. and il Il 10 he
earnestly boned il will he Given a MASSAGE.
u,x u.rcu
''
On the twenty-seyenth day OF july last,
lion; Silas Z. Hatch, Executive councillor from
the sixth District. died at his nome IN Ban
Sor. he was an able man, possessed OF high
minded INTEGRITY and devotion TO principle.
lie served the state as ITS Treasurer and IN the
Executive council anu LEGISLATURE Tor Il
insight int, its affairs than he. Maine may
wen h9iu IN noneIen remembrance 'he record
Vi MS ui7'''s"'sneo sei'iees'
SAVINGS BANKS.
Inc saving BANKS OF the stale VIII ne
shown by the able anu interesting report OF
the BANK Examiner, TO be In prosperous
condltion. Inc total deposits now amount to
S4',.ol,loo.W. 1his Is an Increase OF S3,S0i,-
ooi.oi over me amount at the close Oh the
year 1851. Inc total number OF depostors is
iio,J2l, a gain from last year OF S,dZ9 The
total amount OF state tax paid IN $3.50 was
So23''i39o, an increase OF S2','1o.3o over
1852. Inc totai amount OF municipal taxes
paid IN $3.50 was Si3,oti.lb. The Bank En-
ainlhet mus that as a RUE, Il wise ana consef-
VatiVe policy prevails IN the management OF
our savings Ranks. Owing TO the condition
oil the market mat mas prevailed during the
past lew years, the temptation mas been very
strong to secure greater returns at the risk of
saiety. rms temptation cannot DC TOO strong
~ guarded against. NO part OF the securities
OF our savings Banks should be OF an unecr-
IAN or speculative character. Inc deposits
Entrusted TO these banks represent the accumu-
iations mat nave grown out OF the industry
ana enterprise o, me state ana shonid be
watched over with Jealous care.