Saint Mary's beacon. [volume] (Leonard Town, Md.) 1867-1983, 1893-01-19
Saint Marau's Beacon


CONTINUED from first page-1
the rich bondhslder cannot enter
the Kingdom Of Heaven unless he
pays his taxes, Jet he viii permit
this ignis-fatus and claim exsmp-
ton, or, worse still, dodge and take
the chance.
The threat about this fimid,
feeting capital causes . smile.
Where viii it go? To some cline
where taxation is unknown?
Summary Of the Hayes Bin.
4 have said that the Hayes bill
conforms to tho principles embodied
in the tax laws Of many Of the other
states. Let me first give ron q
brief summary Of this bill.
Section ! is q general proposition
that all taxes shall be levied agree
ably to this bill.
Section 2 enumerates specifically
the property to be taxed.
Section the exemptions.
Section IA gives q method Of
valuing shares Of stock in corporate
companies.
Section 146 imposes franchise
tax on railroads by way Of tar on
gross receipts on the mileage basis,
as follows: Eight-tenths Of per
cent. on the first $1, 900 Of gross
earnings, or on the total earnings
If they are less than o. 900 per mile;
II per cent. on the first 1000 or
part thereof, above Of 900 per mile
and up to %, 900 per mile, and when
the earnings exceed %, 900 per mile,
2 per cent. on all above that, and
State tax of 2 per cent. on the gross
receipts of divers other corporations.
The State tax commissioner 10
required by the law to prepare o
schedule or form for listing, &C.
companied with interrogatories.
The Bagbears.
Sections 176, 17S and 179 are the
bugbears of this bill. The assessors
and boards of control and review
are authorized to administer oaths
and require answers concerning the
amount, character, location, value
or proprietorship Of any property,
and refusal is made q misdemean-
or and punishable by the court. A
form of schedule for listing must
be delivered to each person, and
this must be filled and signed by
the person receiving it and deliver
ed to the assessors, and repeated
every four years.
Every person knowingly signing
any schedule containing any will
fully wrongor false statement shall
be guilty Of a misdemeanor, and
upon conviction sentenced to pay
double taxation. This schedule 10
not subject to public inspection,
and the public official divulging its
contents is liable to fine or i'm
prisonment. IL anyone refuses to
return the schedule the assessors
are required to value the property
to its utmost value and the tax
payer is liable to fine; likewise If
he make wilfully false return.
The foregoing are some Of the
chief provisions of the Hayes bill.
In Other States.
Now compare these with the en-.
sential features of the assessment
laws of three typical states of the
Observation-Disclosures, the old con-
sentative State of the East, with it's
large commercial and manufactur-
ing interests; Ohio, the great agri-
cultural State Of the West; Georgia,
the progressive State of the New
South, with its manufacturing and
mining interests.
The Massachusetts, statue sub
jsets all property, real and personal,
TO taxation, and defines personal
property to include goods, chattels,
money and effects, ships, money at
interest. public stocks and securi-
ties, bonds of all railroads, includ-
ing street railways, stocks in
moneyed corporations within .and
without the state, and incomes ex-
ceeding 1000 per year.
Con the evasion Of taxation il
declares that il any person proposes
or agrees to an assessment for an
amount less than he 10 liable to be
taxed for he shall be punished by n