Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1892-12-15
Where Would a Tax on Land Alone
Fall Reaviest7


Where Would Tax on Land Alone
Fall HEAVIEST
From Circular of Kansas Farm Mort
gage Co. Eastern farms are valued at
from $50 to 500 an acre, and the amount
loaned is generally two-thirds of their
value, while the farms in western states
are generally not mortgaged for more
than two-fifths of their value, and the
value OF the property is not over $50
to $40 an acre, AMI is increasing in
value
To the Editor of The Tribnne-Sir:
Permit me to call attention TO an error
in the article on High Priced Real Es-
tate" which states that the price just
paid Tor the property on the northwest
corner of broadway and Liberty street,
lover SIS2 per square foot, is the high
est ever paid for land on Manhattan
island. with the exception of the land
! on which stands the Equitab bic build
ing, for which over $500 per square foot
was paid
The property on the southwest corner
OF Wall and Broad streets was conveyed
to Matthew Wilkes in June, 1882. at a
price exceeding 500 per square foot. a
figure far in advance of that paid for
| the Equitab BILE site.
VIZ. d. MURPHY.
New YORK, March IS, 1890.
There are 1860 square feet in an
| acre. anu assuming that the vatua ton
| of eastern lands at $50 TO 500 is correct.
| we find that their value would be one
and one-tenth mills (0.Oo1l to two and
! three-tenths mills (0.Oc23) per square
| foot. as against s1s2 to $3.50. the value
of some exceptionally high-priced lots
| in New York city. Or, reversing the
standard and taking the acre as the unit
| of measure, we find that the land-the
bare land-in the neighborhood of Lib
erty street and Broadway is worth ST.
721. 800 an acre. that the location for the
Equita BILE building is worth some S.
I'll 200 an acre. while the opportunities
| for labor at the corner of Broad and
Wall streets are estimated to be worth
| the enormous sum of s14.314.O 600 an acre.
But it may be said that these values
| are exceptional. So they are: but take
an ordinary city lot and let US calculate
| its value per acre. The lot l live on
| measures twenty-one and one-half by
one hundred feet, and contains, there
| fore, 2.150 square feet. It is valued at
about $4,000, or $3.50 square foot, or
at the rate of $3.50. 140 an acre.
These lands are assessed for taxation
an average of not over one-half their
selling values
According to the compendium of the
| tenth census. in New York state the
| average size of farms, counting ''im-
proved land only, is seventy-one acres,
and that the value, Including land,
fences and building" is about $50 an
| acre. This would give, on the basis of
calculation, which for large areas Is
| roughly correct. that improvements
usually equal in value the value of the
land they stand upon, value OF the
| bare land per acre of $50, or of little
less than seven-tenths of one mill
| 80. o2069lper square foot, or including
improvements enc mill and four-tenths.
These farm lands are assessed at an
average of not less than three-quarters
of their selling value.
Home Rule for Americans.
Most of US favor home rule for Ire
land. Many of US spend money and
tina in agitating for this needed re-
form there, but how few even of the
latter reflect that we have not home
rule here, and that there is no nation
on earth in greater need of it than We
Irish wrongs and Irish evictions; the
corruption of her rulers, the brutality
of her police. are tales familiar to our
ears. and there can be no question that
home rule would make their correction
easier, but it is equally true that all
| 81 49,, 1x-6io,
selves are daily suffering. and that our
cure, too. must come through home
rule. To thos- who are satisfied with
condemning effects without seeking
causes or cures, it may be news that
all our great cities fall far short OF the
measure of home rule necessary for
good government
Measures of vital Importance to our
interests are decided by the votes of
men. intelligent enough where they
have knowledge to guide them, but
who are strangers alike to our needs
and our desires.
Ignorance. however, is not the worst
evil bred of the present conditions So
long as our cities are ruled, not by men
chosen by themselves, but by 1egisla-
lures . majority of whom are re-
spousible to constituents who know
little and care less about the cities
needs, just so long will corruption -four
ish and the tribes of Bardsley and
Tweed fatten on plumber wrung from
honest toilerS
The people of Ireland are not 50 help
less in the imperial parliament of the
United Kingdoms as are the people OF
even the greatest of our American cities