Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1893-02-07

revenue we require, while at the same
time reducing very greatly the present
tax rate. But there need be some sharp
and plain legislation by the Both assem-
bly, to make this amount available. Let
it have attention.-NEw MEXICAN.
And while you are about it, change the
whole thing, let each county pay its own
court expenses and everything else
Divorce the counties from territorial
management in the matter of their in
ternal affairs. Change the laws SO as to
cut down territorial expenses and to
loosen the large amount Of money tied up
in different funds; make it SO that
economy must be the watch word, for if
matters are kept up at the pace they
have been, taxation will be nothing but
confscation in a short time.-Socorro
Chieftain.
Taxation Of Insurance Companies.
The bill providing for the taxation of
insurance companies came up in the
council on Monday, and the efforts of the
insurance men IN opposition to the bill
did not prevent its passage in the coun-
Gil. The bill provides that all insurance
com panies doing business in the terri
tory shall pay a tax on the gross income
derived from said business in the terri
tory at the same rate as other personal
property. Any failure to comply with
the provisions of the law will bject the
company to revocation of its license,
and the company will be liable to a fine
of $780, The bill further provides that
''no insurance company shall, after the
passage of this act, increase the rate of
insurance in the various locations of the
territory, where such insurance company
is doing business at the present time"
This is socialistic legislation with q
vengeance. We might as we'll fix the
price of bread as of insurance premiums.
Nevertheless it seems quite right that in
surance companies doing business in the
territory should contribute to the taxes,
and as regards the rates of premiums
they now charge it is certainly fact that
they are unduly big and are kept up by
a combination of the various companies.
Las Cruces Republican.
NIX
Tho Meaning OF this Is not Exactly
Clear, But 1t Goes Anyway.
"The New MEXICAN believes in free
coinage of silver and bimetalism, but in
view of the fact that New Mexico wants to
be state, it might be best to give the
subject of free silver and bimetalism
rest just now, don't you think so!"-NEw
MEXICAN.
Yes, that is all right, but holding your
breath till we get statehood seems to be q
little off color Just now. The Shaft does
not believe in being mealy mouthed in
asking for and demanding what we want,
state or no state."-Kingston Shaft.
The New MEXICAN is up to its old
Judas Iscariot tricks again; it would be-
tray the interests of New Mexico. One
of the reasons the Black Range opposed
statehood was because it would be a
"frosty" time for New Mexico to become
state with the Santa Fe-Las Cruces
ringsters always ready to betray the in
terests of New Mexico for their own
selfish ends. The Santa Fe maniacs who
write paragraphs for the ring organs
would only be too glad to crawl upon the
ground at the thought of being recog-
nized by the eastern gold-bugs, and lick
the dust from the soles of their shoes
Chloride Black Range.