The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-03-14

The senate completed the reading Of
the revenue bill yesterday, after hav-
ing devoted five days to the task. AS
amended by the senate, the bill is not
nearly as long as it was. Many sec
tons have been cut out. the elimina-
tons amounting to at least 1even
pages of the thirty-three it originally
contained.
Under the provisions of the bill mort
cages viii not be taxed. The amend
ment offered a day or two ago by Mr..
Cannon, and agreed to, was reconsid-
cred yesterday and defeated Another
amendment by the same gentleman,
having for a purpose d similar object,
met with a like fate Private bankers
are not required to list their deposits
with the assessor, as provided in the
original draft. It was decided that as
national banks could not be compelled
to diYulge the individual deposits,
private banks should not. Consequent
y The private banker will make a
statement of the aggregate amount of
all deposits he has on hand. This will
be deducted from the total of the
banks capital as the same is subject
TO check and cannot be considered as a
portion Of the assets.
Railroads, telegraph and telephone
companies, car companies. railway de-
pot companies, will have their proper
ty assessed by the state board of
equalization, as well as street ear com
panies, which are included with other
railroad lines
County assessors viii make assess
ments on or before the first Monday
in June
INTENDED TO be subject to an eXamina-
ton by the assessor, as TO the state
of their books and accounts, but this
has been changed.
Personal property belonging to
business Tirm or person, or manufac-
turer was by the terms of the original
bill, assessed where the business is
carried on. By a change the property
IS assessed where the same is situated.
Concealment Of the property for the
purpose of evading taxation is pun
lshed by the assessor doubling the
value. and the board of equalization
has no power to reduce this double
valuation.
The date of assessment is fixed as
the first Monday in March, at which
time ownership and value is deter
mined.
Railway officials who fail to make
the statements required are subject to
a fine Of 500 for every violation of the
act The same provisions apply to
telephone, telegraph. car. railway de-
pot ana street railway companies.
Mines are assessed on their net pro-
ceeds, after deducting the expenses
of working the same
The state board shall consist of four
persons appointed by the governor. 1t
is non-partisan in character, not more
than two members belonging to the
the state capital on the third Monday
in July. but may meet in other places
If it so decides, for the purpose of
ascertaining values.
Boards Of county commissioners meet
as a board of equalization on the first
Monday in June.
School tax collected by the state is
apportioned among the several school
districts according to the number of
children of school age
The corrected assessment book is de-
liVered to the collector of taxes on or
before the first Monday in September
Taxes are delinquent on November
Is. No penalty of 10 per cent is added
for non-payment. the property being
sold as now provided. minus penalty.
Yesterdays debate and changes in
the measure will be found in the fol-
lowing:
SENATE PROCEEDINGS.
Prayer was offered by Rev. T. c.
Tiff.
MILITIA LAW.
The reading of the journal was fol-
lowed by a favorable report on H. B.
No 81, by the committee on military
affairs.
PUBLIC LANDS.
II. B. No IS. the public lands bill.
10 fo6 for al,
mittee on public lands.
REVENUE BILL.
Consideration of the revenue bill
came up on Warrum's motion to re-
consider the vote by which Senator
Cannon's new section was adopted,
which motion prevailed.
Mr.. Snow said il was evident that
the senate was emasculating the reve-
nue. bill in the interest of moneyed in
terests and against the agricultural
classes. The banker and member of a
corporation were given opportunities
for eVading tax. while the farmer was
compelled to pay taxes on everything
he owned. II this policy is kent un,
the bill when finished will be worth
less 1t is evident that the constitu-
tiOn means that mortgages should and
shall be taxed. He believed the for
eign money-lenders we're being given
opportunities for exemption, while To-
cal people were compelled to pay He
favored the retention of Mr.. Cannon's
amendment
Glen Miller favored retaining the
amendment, providing it was practi-
cable. but it was not Wherever at
tempted. the plan had failed It is
claimed that this bill will avoid double
taxation. when in fact ii creates a
double system. The plan is Populistic
and Communistic-is an attempt by
the borrower % lower his liability.
Senator Jones declared a provision
Of this kind unconstitutional, and cited