The Worthington advance. [volume] (Worthington, Minn.) 1874-1908, 1897-01-14
State Finances.

School tex: book, fund 49,: 17,s1s:4s
HR~ "5onIp i sah fund ;....... 7,914.23
Grain inspection fund 49,. no, 2349s
@otA $3.50, 114.29
Shifting the Tax Burden.
In al agricultural community such as
most of our states were fifty years ago,
yYs aaa Il e Sa1xt fsfn a
IS done OF BY 9e the fax OF
opment Of modern industries and ali the
complicated. financial Institutions of a
and alLHthe old methods must be modifiedi
A reliance solely upon the old tax levy in
a commonwealth such as ours tends rela-
of s{afe ors ana more to ho% the
the hedngs a Of 1ee REM EN- mere 70 eo to
communities in the new and in the old
rrorsi,h have ,eo begun to make an ever-in-
Poratton taxes and fees Of various kinds.
ern sources Of public revenue that would
urge .y you TO rely. II the ga tax levy OF
meet all the necessary expenditures dur
ing the next TWO years.
School and University Funds.
~
attention to the defective constitutional
inyyestmsnt Of school and University and
state, He Recommended that hat: a - consti tue
tional amendment be prepared and sub
vestment Of those funds in the bonds Of
the various municipalities of our state.
% SYeh ad an a%end me was prepared and
pirate legislation is now needed to make
the new constitutional provision effect
Financial Institutions.
wise recommendations Concerning the he
ton to me following: 'eA
as TO require an private banks to indicate
S%pss ard q asS pcoydf
seen from the fact that these 'h banks INKS in In
IF oHeT ss %H@cer S0S and have deposits
The lays a%sE 9ve s loan and trust CON-
the liability which such COMPANIES al s may
assume as indor ;s or Euaran1or. The
Should be restricted to The Security y"o Of
such 81 n mostgagss as t, the company may nave
as to permit tho stock Of borrowing H mem
sha %oSa TO thf
computed at the rate which the member
Would leave the earnings o Of the non- bors
rowing member to be charged with the
noP bs Wen IS %er
that the borrowers pay all profits which
the nonborrowers receive. The change is
sSy he ef eass
Railroad and Warehouse Commits
complished Under its direction e during the the
Of saTieas kinds ma& Ge
Your s ;26S e; tSa AmonS Ihs recon
the PROPOSED amendment Of law ~ reaSirin 1g
each year with the Commission on or
before Sept 90, and exaeting penalty
provision Of statute.
Grain Inspections.
OF the many and varied industries Of the
hs tiers tie soil 1f oR}Se1s 81 Se
i%zS!az &c fs: hsS and Is
~ the attention Of the legislature than the
question OF how to protect the interests
and promote the welfare of the. farmer,
and especially: how to so, regulate the
6 tSs as ~ na s
and rights of their producers.
For many years previous to the enact
ment of the warehouse and grain law, the
producers OF the. state had alleged that
they had been the victims OF great in.
hs sTsde ane
posed largely Of the buyers Of grain. The
measure referred to was the result Of this
feeling of dissatisfac tion. and since Its en-
actment IN lSss the inspeetion: weighing
points, minneapolis. Duluth. St. Paul and
and has proved 81 incaicuiabie benefit to
the producers and shippers of the state in
speetioh q grrSln: Uniform standards and
At The session Of 1883, additional ieFtsia-
ton was secured for the purpose OF
STRENGTHENING and experimenting the ter
minaI inspection law: The most impor-
its object being to extend XXI me jurisdietion
to the local markets Of the state, for tide
That mi might exist, and furnish the farmers
With an impartial tribunal before which
Ina SsM 70 ,el
Experience under Its operation has fully
IL enactment. IN 1896 the law was
sEizs' zas,s
sgsse