The Caucasian. (Clinton, N.C.) 188?-1913, 1897-03-04

~hies iAs Aasuai State tas $40 "a.
cot eollsei~d. asd tks .silar~ % Gel
l"V' cz'ails sgos to s,.is . iss, o.
30 30 Tor '>~ yeAF iscS
ci.on -. o. as.dEis a. Es~~
acc Ae'. :, = siTss al zsrvkasss .ss
dealers in report. .rsry az Eos.ss
'he total snaasi e Eccds PzrrAa.sA
by ihsn. sni pay . gr.aaa.a 4 al
rhlorsu tar OF serk pz-pk.s~.
&c rcverse dsr'vsA .ror . 4. sourx.
s@our;-d to SID co IA Is.-s. sAssA
saors tsst All the soo1s A.d usr.
ohAndise parch.s.a hy All 10. r.r
chants n tho State duri.r 80 .-.r
ls-b Amounted 10 oaiy "a 7to 0sso
!h1s - an average % abOut e. - Tor
each o. The zoo 90 people ot iAs
Safe. IL Is Qai;- certain th.i ssra.
slngie io~rs - the STATE pErehaas
as mAay goods II on. YEAR .s arc -
ported from the whole State. II
proper returns of pzrch.ses we're
N .de and the iAn MAS pad or tk.u
there woald he a. additional r.v~-
rue 70 the State from ,hls soarr.
-iou" OF between SD coo a-d $40.
600"
The number o. polls Listed for
1896 IN the STATE Wa - Cl2 The
nu mb"r of voters IN the last election
Gas 33l, ,l99 This shows anrnees.
81 Us Jo' voters over poll tax payers.
There are a, least - Uub nun-vo,.r.
IN the State and these added 90 aH
1s' will make an excess O. llB =.
voters over poll taxpayers. IL seem,
incredible that there Il 80 large n
nume Der of adults 10 this State who
are poll tax free"
The greatest dodgcr Of taxation
IN the State Is solvent credits" \
solvent cr' dit is an account which A.
coliectible either by the ability and
Willingness Of the debtor 10 pay, or
coliectible by reason OF the security
given by the debtor. Ordinarily a
solvent credit" is note or mort
gage bearing interest, aud secured
10y such collsteral as makes IL Ger
tain that the debt can be collect.d j
Such solvent credits" almost invA
riably draw interest, and ought 10
pay the tax; but such tax is grossly
evaded by failure of the holders 10
list them for taxation.
Suggestions have been offered by
the Auditor which, II is thought
Will remedy IN part, at least, some o,
these irregularities and shortcom-
lpgs.
For instance he suggests iha,
every interest bearing note or mort.
gage representing solvent credits
shall bear a certificate or some evi
! dence that ii has been listed; and i,
such note or mortgage shall moi
show official evidence of having
been listed for taxation each year
II shall be -collectible by Law
This would surely bring n large
amount of hiding solvent credits ic
The front, and would secure revsnu.
from source thGt is able TO pay IT,
Another suggestion Is with refer
ence to bank stock. 1t is showr
above that less than half OF suci
stock is listed in the counties. J. d
suggested that the cashier OF each
bank be required TO furnish In.
Auditor with a list of the names o.
stockholders and their address
This would enable the Auditor 10 IS
certain and report to the variou
counties when the full amount o.
such stock 10 each county has beer
listed.
Another suggestion as TO poll ta,
Is TO impose penalty of thirty day
work on the public roads for failur.
10 list polls, and thirty days NOR.
for failure TO pay such poll tau.
Various other sugg ss'ions hsv,
been msds 10 remedy the Irregular
ties in other matters of taxation
which II is hoped will have consider
alton and be so am ended as 10 NEE
the exigencies which may arise.
R R COMMISSIONER WILSON'S SrG
GEsIIoSs.
| 1t is also proposed by RailroaC
Commissioner Ohio Wilson TO hay.
the section of the revenue &C
relating to express companies chang
ed so as to increase the States we
nue. soma $1,000 per annum. Tni
he proposes 70 do by making IN
compa MES pay tax on whatever b Isl
ness Is done in North Carolina an
not on tie receipts in rhe State a
. the act now provides. The railroad
Of the State he says, receive fror
express companies S229.6S2, where
, as these same companies psy2 pc
, cent tax on only about sGj 600, o
only 800.
Mr.. Wilson proposes also 10 in
clud- IN this Law the telegraph an
telephone companies, ard TO req1ir
them TO make returns 10 the X AL
road Commission. Altogether il
estimated that this act. if il become
a Law. would mean an additions
revenue 10 the State Of about 81, COO