Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-04-05
WHAT WE ARE TAXED.


gessed value OF 1875 of the full
true value Of our real estate. and, II
compared with those OF other cities, as
New York. Philadelphia, and the West
on the basis they establish for taxable
purposes. for 90 per cent Of the value
our tax rate OF $40 becomes really
tSl taX-rate.
our future development and increase
IN values lies solely In encouraging man
ufacturing interests to come and build
within our borders. Capital Is always
Iensitive. If we establish a high rate
f taxation, or an uncertain rate of taxa
lion, which always attends large bond
81 debt we imperil and defeat ali
those interests which we should court
and which make up our present inter
ists and true property. In this the mer-
ihant professional man, and wage-earn-
trs have the same interest The APP
propriatlons Of the city have not been
made with that care and watchfulness
the real interests Of the city de-
mand The fault lies more in the
methods we pursue than in the men VINO
have given Us good and faithful service
IN our councils The City Hall Is not
their folly but ours also--the folly OF
svery citizen who has had his domicile
NTH us the past six years.
THE FINANCIAL BUSINESS.
The financial business Of the city has
been well and skllfully managed. 1t has
borrowed. and continues to borrow, money
Mt rates which. on the whole will
compare most fav0raby with those Of
sny financial institution In the city.
But the time has come for wise men,
for true men, for good citizens, TO sus-
tain that credit; and not place It In
peril. from which recovery is slow and
disastrous With our resources and the
bond limit stil upon us for emergencies.
we may run smoothly and efficiently
within our revenues. until we have passed
the danger-lne: and we can DO this
without raising taxation. or reducing
salaries Of officials. or the wages OF
labor: but we must stop appropriations
for new buildings works, engagements,
extensions. and other demonstrating i'm
provements or assets. as they are called.
which are not absolutely necessary at the
moment
II this course be taken. our credit win
continue as before, as II now is, and our
bonds commend themselves 10 prudent
Investors as securities based upon the
faith. integrity. and wisdom of peo-
pie, whose course and whose courage
have never been and cannot now be
brought In question.
oPt0Nh ny hr. NtlIinm II. Mullen.
a meeting OF the American Patriotic
and Political League was held at Old
Market Hall last night, and a ringing
speech was made by Mr. William n Null
len lie spoke quite conservatively, but
advocated In no uncertain tones the intro
ouction Of business principles in the city
government He said things had reached
such state IN Richmond that II was
absolutely necessary 10 either reduce the
expenses Of the city or incSease taxation.
Je thought some OF the fancy salaries
should he reduced. but was opposed 10
sealing down any salary which was now
less ihan $3.50 per annum.
The league decided 60 change the night |
oi meeting from Saturdays 70 Wednesday
hight, and the next meeting will be held |
~ No. liH east Main street
Other Political Notes.
The Workingmen's Democratic Club, OF /
jackson Ward win hold its regular meet |
lng at whalen's Hall. corner Seventh and |
Hospital streets. tomorrow evening. 4
The Jackson Ward Branch OF the Demo |
erat League for Good Government win |
ho1a meeting tomorrow night at itsi |