The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1896-10-29

SAIy VI Tue County,, SCHOOL Q1SCFlCE, city.
town or village issuing such bonds; nor
snail such loans or Indebtedness be made at
q lower rate of interest than 8 per cent per
annum nor for a shorter period than i've
twenty 800 years, and no change Of the
town, school district, village, city or county
INES shall relieve the real property in such
city In this state at the time OF the issuing
OF such bonds from any liability for taxa
ton to pay such bonds" =
the investment of the permanent school and
university funds Of the state, for periods
not less than five 81 nor more than twenty
~ years, In the bonds of counties; school
dlstrlcts, cities, towns and villages.
Loans cannot be made to such munich
palities under such amendment in amounts
exceeding seven a per cent Of the as
thereof.
mo NO loan shall bear interest at q rate less
than three 81 per cent.
Section 5 Of the same article Of the con-
stitution now provides for the loaning Of
the permanent school funds Of the state to
counties and school districts, to be used in
sns erection Of county or school buildings,
cent 70 no. oaaw interest at the rate of 5 per
Such loans are now limited to amounts not
e1eeed1ng three G) per cent Of the last pre-
spectively. re-
Ampl provision ls made for the collection
k-AuClpNl anu interest OK loans made
pursuant to said section 5.
IAN act proposing an amendment to. the
constitution OF the State Of Minnesota. to
authorize the taxation Of the property Of
sleeping, drawing room and parlor car, and
f fbere,G companies nrpaideS and a owners in the manner
1t IS proposed to amend Article Q of the
CONSTITUTION OF Minnesota by adding thereto
a SECTION reading as follows:
f~Tho 1nricIot,1ro r~o,- s.-.-
for the imposition of, upon the property
within this state, Of any and all owners or
operators, whether corporate or individual,
or opd 9t ne WISE OF any and all sleeping, parlor
the same, which run in, into or through this,
STATE; also upon the property within this
state OF any and all telegraph and telephone
OF extend In, into or through this state;
also upon the property within this state Of
ar az ef H1pres IS companies, or owners. or any
state of all domestic Insurance Companies
OF th1s state of any kind; also upon Tie
properly within this state of any and all:
IN TINS state of any kind; also upon the
property within this state Of all owners or
operators OF any>and all mines or of mineral
property within this state Of all boom COM
Panles or owners, and Of all shipbuilders or
G 6wners doing business in this state or
pull lucIelu, PROVIDED, tl9t this
act snail not apply to property owned by
railroad companies, their lands and other
property; and upon the property Of either
OF any or such companies or owners a tax,
as UNIFORM as reasonably may be with the
taxes imposed upon similar property in said
STATE. or upon the earnings thereof within.
sn1S stare but may be graded or progress
or IN providing for ascertaining the just
and true value of such property. it shall ha.
competent for the legislature, in either or
any or all property thereof within this
state, and in either case by taking as the
pass OF such imposition the proportionate
BUSINESS Dus1ness: earnings. Mileage or quantity of
productlon or property now or hereafter
e4lstlng or any such companies, persons or
owners: transacted or existing in this state,
IN III relation to the entire business, mileage
sven companies, persons or owners as
aforesald; or in such other manner. or. bv
5utn other method as the legislature may
between the state and the various p~olitieai
suDdlVlsions thereof wherein the same ia.
sltuated IN the same proportion as the pro-
cesus OF taxes upon real property are dis
triDuted; provided further, that nothing in
thls act contained shall operate to authorize
Tue assessment or taxation of land or ordi-
my such corporation, person, firm or COM
pauy except IN the manner provided by the
PRIMARY methods of taxation"
-, OpoSNN concentrates
the taxation of the property in this state Of:
Il; Sleeping, parlor and dining, room car
Z. Telegraph and telephone companies.
:. Express companies.
panies. 'o"'
5: The owners or operators of mines or
6. Boom companies and shipbuilders. or
owners doing business in this state or
naV1ng a port therein.
Ihp f0rnrOiro rr>r;;>-- :
the following very Important respects:
l.. Inc amendment will not apply "to
property au9P owned by railroad companies, their
lands and other property"
2. Taxes may be imposed upon the prop-
erty OF the companies above enumerated or
upon the earnings thereof within this state,
ana : may Tn De graded or progressive, or both.
JUST and true value Of such property, it
f hmaa1 De competent for the legislature to.
tnereo1 within this state: and
=. IN either case by taking as the basis
OF such taxation, the proportionate busi-
ness: earnings. mileage. or quantity Of pro-
ing OF any such companies, persons: or own
ers, transacted or existing in this state, in,
relation to the entire business. mileage Or
quantity OF production, OF property: OF
s.. In such other manner, or by. such other
method, as the legislature may determine.
.: Inc proceeds of taxes upon mining,
property will be distributed between the.
state and the various political subdivisions.
tnereo1 Wherein the same is situated In, the,
same proportion as the proceeds Of taxes
real property are distributed,
H. Inc amendment contains a provision to,
the erect that it shall not operate to au-
tnor1ze the assessment or taxation of land.
or ordinary business blocks or property
owned by any such, corporation, person.,
nrm or company. except in the manner pro-
V1deo by the ordinary methods of taxation.
r. W. Chiids.
July l, 1875. Attorney General.
Mr.. Dinwiddie (quoting)-Blood is
than water.
MI. Shingiss-Do you mean filtered
water or Allegheny river water?-
Pittsburg Chronicle-Telegraph
of Two and a Half Gents I'm
the First Hour After Opening.
Chicago, Special.-Wheat was in a
whirl again. The whirl started with
break of nearly &c a bushel almost
as, soon as trading began. December
opened with trades all the way from
II 5-Se' to 771-Sc. The price rapidly
fell to 7634c. It recovered temper
arily to II lac, but at 1915 was tum-
bling again, and went to. 76 LIE, With
in f-Sc of a square loss of &c as COM
pared with the closing figures of the
day before. The descent continued
with scarcely a pause. At 1920 De-
cember was quoted at rs Use, a loss
Of about 214c in about an hour.
1ro n 5ao;5olJ- .ua c..1