The state republican. (Jefferson City, Mo.) 1871-1896, 1894-05-31

cash value and all surplus funds
and notes Of such organizations shall
be assessed as cash at the rate of
100 cents on the dollar. A proviso
was included recommending that the
value of deprecated stock be as
certained by the various local boards
of equalization and the proper credit
allowed.
Attorney General Walker was then
called upon for an opinion as to
whether bank holding United States
bonds or greenbacks as part of its
assets can avoid taxation on the
same. He said such property was tax
able when held as part. Of the bank
capital, although exempt in the hands
Of an individual as specific class of
property. The resolution was then
adopted unanimously.
The committee ON horses, mules,
etc., submitted an amended report to
the effect that such property should
be assessed at its full market value
in the county or vicinity where To-
Gated, and that sucking colts should
be added to the value of the mother.
This report and similar one on the
valuation Of cattle, hogs and sheep
were adopted.
The committee on land and town
lots next submitted a report to the
effect that real estate should be
assessed by the acre or front foot,
and the value of improvements added
thereto; that all such property
should be listed at its cash value at
ordinary sale. The report was
adopted.
On motion the chairman appointed
the following committee to draft
recommendation suggesting such
changes in the revenue and assess
ment laws as are deemed necessary:
Messrs. Frederick of st. Louis, Run
die of Barton, Renfro of Ray, Benton
Of Holt, Petty of Kansas City.
A permanent organization was
effected by continuing the officers
elected for one year. The body will
meet again next year at time yet
to be determined, when the state
board of equalization is in session.
The proceedings on the last day
consisted Of discussions of resolutions
offered by various members of the
convention. One resolution, offered
by Mr.. Stubbleield, Of Caldwell
county, providing for grouping the
counties Of the state in five sub
divisions, and fixing minimum valua-
tions, provoked heated debate and
was finally withdrawn. The following
resolution offered by Mr.. Weber, of
st. Louis county, was adopted after
some discussion:
Resolued, That it is the sense OF this
convention that the cash value OF any
bring on the first day OF June, should the
owner desire to convert it into cash.
The following report to recommend
changes in the revenue and assess
ment laws was adopted:
RESOLVED, That the insurance companies
doing business in the state should be
requested to make their reports on or
before the first day of February each
year.
2. That the merchants and manuiac-
turers should be assessed by the assessor
and the assessment be passed upon by the
local boards of equalization.
8. That the length OF the official term
OF the Office of assessor should be changed
from two TO four years.
4. That the law giving counties OF
40, 600 inhabitants and over record OF
mortgages, etc., should be changed 30 as
to provide such a record for all counties
8. All town lots should be assessed and
valued separately.
A resolution offered by Mr.. Hair
ston, of Howard, that the Legislature
be asked to pass law requiring the
assessor to stamp notes, bonds,
mortgages and other evidences OF
indebtedness, il no better plan car
be devised, was adopted.
The legislative committee, con-
sisting of Messrs. Fredericks, of the
St. Louis board of assessors; Petty
of Jackson; Rumble, of Barton
Renfro, of Ray, and Benton, of Holt
was continued for the period OF one
year, under resolution adopted by
the convention. The committee vii
look after the legislation that viii
!. come before the next general Assem-
bly, next winter.