Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1892-12-29
rnE GRANaEn PRESCRIPTION.
The Taxation of Investments and In
comes--I he HALLWAY Grievance, a@

Ihe TAXATION 0t Investments ana IN
comes--T he Hallway Grievance.
| of your papcr some comments ON the
| granger tax resolution attracted INV ntten-
| tion. This. together with editorial com
ments in a previous issue. induced me to
| men n few remarks On the oiicstion. and
| request spncc in y,Ilr runcr for their pub-
| LEGATION. Tax Oh investments viii Of
| course have oppositiOn from those that
hold them. and they are aIl-powerful
and have so far ovcrawed every effort
| Ia Mace smell n law III the statute bunl;
| They clam TINT such n law would be in.
qulsatoral, and so 1t would, but no more
SO than on the assessment of other prop
erty. The assessor asks farmer DO
you own this farm? Yes. Is il about
equal to other land in This yicinity2 Yes
| How many acres of tillnblc lnudp How
many acres of timber and waste land
| How manv cattlpP How many horses
! And a law should be enacted authorizing a
| few more questions. II your farm mid
| for? If moi, who owns the mortgage?
| He saws that 5000 is mid and Tom
| Richardson holds a mortgage for 81 900.
Now this is lust as inuuisitoral as nsb.
| ing a man how many bonds and stock
| certificates he holds. Now / cannot soc
why capital in the shane of stocks and
| bonds should be held more sacred than
any other propertv. ~
! a
on the resolution ns he views il. With
all due rcspect for the views of your CORE.
| spDndent we beg ieave to differ with him
| Ills urrunpnt is that iF NJ / NAYS tny an
| the whole farm and Tom Richardson on
his 50. 600 MORTGAGE. the property Is being
taxed twice, There il M necessity far
| that. for the assessor could easily reduce
the assessment IF AT. /. IN his farm s3 0OO
| and assess the MORTGAGE OF Tom Richnrd-
| son 81 ono TIE firm woulI thrn yinI1
| Tho same rnyenue To- the ,,nvrrnincni' tb,t
| il now does.
But. taking NJ. lis view there would
| really he ne hnrdsLin ~ Nj na,,iut,
| tax on the whole farm nrnviied nil nihar
| propcrty were equally taxed. NJ j, has
| The Whole firm IL nnssessinn aud may iii
| nverv tili,hic nrre nm IL o,,d "rn,i',S,. H..
| come from Inc entire farm Trn,n which he
| pavs Tom Richardson $50 rent ami adj
| hitting thai 10 cents on thr SlOn ,rndt,rns
| snfiirient rcvenI,. frn,, lie ,n,crn,nn,,t
| tire Sl5 that nam Richardson nnvs no nv
would evidently reduce fhn Inv IN NJ IL
| farm ilst thut amount and instead ~ his
| novin, S,6 ms Lr now does lie NV would
| Ia AIR tbe same that Nam pirhorIs,,,
nuys on his MORTGAGE nm amount thnt h,
can veil aTnrd fnr liz mnrt,,,',e los IN
| his drovnr and Ln has nil tIn hnntitv AZ
| ihe courts ~ nrotnrt hin h his ,i,rhts o,,d
| nil the hrneiits and romyeniences ri rnads
| and bridges if he nerds thrn, md fGr liz
| rhnrituhIn institutions ur tho rnitntv nnJ
| state is rs much bound 10 contribnt" nj
| NJ. who has ali Inc risks of fniInre
| Of crops from excessive rains rIIinGus
| droirtht 1ntr mnf rorlv Frns,s nn,l ,,,,1nr
| any cirrnn, stnnrns hos l,is hiIis fnr ~
| filters and rrunirs Of hIlilain, ,,n,l rarm
| imnlement; 10 moot y.biIr rnm rirL1rI
snII needs No rerfili9crs IL, ken,, lie MAN.
,,nue nm tn tho nrndirtinn Mn, If iii
! investments, suCh MS stocks and al elsn
PRODUCING income sho,lld Inc e"mailv taXci
| with land tile farmer would MOI br re-
1 Gnirrd in nav mora tlif,,, lnifth, oT,o,,,,, 10
now pnys nnd that X Hi Tia relinf ~ Ill,
! or desires ON the tax question nud il 500 tns
the most reasonable thin, itnnyiunI,Ir th,,t
il should be so.
Railroads are or wollld be- n BLESSING ia
| any community in which thev t,rc lnr5trcI
| IL onrrntnl in a sririt ~ IiLsr,lit, t,,,ynrJ
those that usr them But wben tGcv
| charge the proi,rer more for carrvins IL.
urnd1,rn n ,nnri.nt tJ,,,, H. v.;il Lii 80,
| when IL ,frts there they nrn ,uorc ~ a
curse th.n 4 blessing ana II seems ~
there i M .avmInhlp rcn,cd,. rhstr 80
torneyS ana maid lobbvistg doininair~ i,.,,is.
| luture. wiz, ara briE.1 h,s rroa ,,,syn. g.,
see NM ~ n,'rrinnii y,
porieJ nv then rnnsenInI,tIo iho ro,,,li,
I ARD ~ Hair ,nnr,,. - fN'f'S
| The iEnitcJ St,tre ,o,or,,,o,,t.,,,.
tho appnintment n III, lm,srs,.,tn G,,,,9
| mprrr Commission I, 90 hn,,,.n,,, ~,
nnonIe and railway r,rhhm Co. V.1N,i .',e
/ that Tho nItrnns Of ihcir rnaI. ,,.nr, rairI,,
dealt ~ trhcv maIa ~ nr,l"r a"' ~
onrra.,,ra nf ia pnl.,,rar,, rniivt "a ~ 81
hrv NV no ninre atts,i,n t i t,'a,, .
woild 10 The eIirts Of iIts ''t H., my ~
Dnho,nev Thay seo,, W w Iva .'v niIs "l
laws, lnve lad rhn 49, ,i"t "lt,
time dii show indrmepdn1rn o,,n5,' aS 'I ~,
inv thnn n rarf,,i,, ,r,,,,, l,,,lI, ~
sergsr 'rha, n.,iI IL It ~, I S"oii l'a'
Their natrnns cjnr,i,,, 81, n1',j ,,,, - ~
far cbIiertims, il ''7'''e "' t'i""' "''o"L'
There shni1li bc, I,,,., co,,,,,Ir;.,,, ,I.,,,,
to tx reasonable t,rif ~, ',iS ''tr ,'i
passage fr"m sii noi,ts ,,lH fail5rt ~, ~,
So sLnurI have ili;r " "o
In rstahii.hi,,,, iI r',,ise, Il, tenphtli
tothr stnc ta @ Luz 1tip 3
rrnItlnnrntrd M ,hnrc t I. ~ AIRY
when railroad bi,,s 80. WFpnE
smrh coInssaI rnrri,,io m"H "aeia INN
mn nv TarIartilt III , -: ti"'e oee" pilea
vi" Iave s,,,,t,, NJ N ,,;
AMI lie FI1a;S,',ri WIN iieltrY ueofge
about an nco,ns iay ~ !, "' s MIA YOU may