The Caucasian. (Clinton, N.C.) 188?-1913, 1898-09-01

fills

or hl"od iSi.oning. HOSTS |
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-
OF ~. see th- hooks" God bless
you. in that Office there were
40 books until september 1888;
aud only on one account which |
.Capt. Cock. set ap did he charge
himself 9TH anything IS from APT |
Coke, his prei-ce.sor. Capt Cole, nc
..o,ding to -. Auditors report, did
not rsy INTO ,h. Treasury a dollar for
/, -nrsn,e tax-s after May 1885; and
tb.srtnx,s were not r~portable uLtii
July nor payable until August. 80
.ay ~, and let them explain II II they |
can. that il one and one half years col |
l.rt,un sre.nOt counted 10 Capt.Co0ke
collections then there is no record on
his books that they sre accounted Tor
At all. lie collected il, or Coke coilec- |
ted il Cool . charges himself with -
tbinx ~ this account from Coke; and
Cob. paid nothing after May.
We'll, he goes on further than that
he says: "A much larger business 10
done by the insurance companies du-
ring the fall months ana the taxes on
the January reports are much larger
than on the July reports.
MY fellow citizens, ! am here to tell
YOU they are not much larger. The
summer tayes are substantially the
same rs the winter taxes, II collected
| Then he goes on and says again: The
com mission tax has been uniformly
per cent. but the law allowing 4 re-
1 - n; 70 IN I Mt for n.
yestmsn ut OF the companies receipts IN
this state hes not been uniform IN re-
spect to its requirements. For years
| this reduction was allowed on the in
yestmeu mt of one half Of the premium
recei OTIS in this State, and a number OF
the insurance CON psnies complied with
the law and only paid one per cent
taxes on the receipts
| That is 80. A number Of them did 1t,
but that number could he counted on
my hands with part OF my fingers
chopped off. 1t csnnOt be accounted
for on that line. He admits that il
cannot explain tie difference In my
favor between his receipts and mine
when M says ain 1895, during the last
year of Secretary COke's administra-
ton, the law was changed so a. to re-
auire the investment in this State OF
One.fOurth of the entire assets of the
company to secure this reduction.
None of the companies except those
chartered in North Carolina availed
themselves of this new law. This
: shOu]d be considered in favor. Of Col
Coke and Colonel Saunders in cOnsid.
ering the increase of the amount OF
, taxes collected by the Cooke and
Thompson admi nistratiOn over theirs
= In his effort to explain, Capt. Cooke
i, says further. that the increase wOult
;. be accounted for by the increase in TIT
/ number of insurance companies ant
o the extension OF the business. Tha
cannot be true. In 1892 there were III
t companies licensed in this State; il
1895 there we're ll9; and to day ther
: are only 1876, and two of these hav
" been licensed within the presen
n month. Where then is the increase il
7, the number of companies to explai
d the increase of receipts-an increas
!, of six companies in six yearsp Wha
n has "the extension OF the business
e amounted to? The premium receipt
d in 1895 were substantially tn
) same AS in 1896, in round numbers
l. 81 1000 90 year: in 1897 sOmethin
less than 2.6OO, 10000. Cookies tax CO.
le lectiOns were based upon the receipt
r of 1895 and 1896, while mine were has
4 ed upon the receipts of 1896 and 1S9
:" The advantage cannot amount to S.
re 600 in taxes. 10 be generous, let's ca
'6 it $6,OO0OO.
81 What other advantage did
r. have over my predecessor? The leg
r, islature Of 1897 raised the license fe
u on life companies from 5000 to $25
a and on other companies from 500
5000 year. This gave me an advar
1T tage of less than SIC, 10000 a year. Co
id it 1000 90 and add 10 it. the $1,000 0
|? Then 5000 90 is all the advantage tt
IN increase of business and the law gay
he me over him. As to other sources {
D. revenue Capt. Cooke and | operate
under the same laws.
re Now let me ask you if this will e.
ne plain the increase of collections in IL
rs Secretary of States office. as shown b
re the following memorandum made /
in Treasurer from the books in his Office
~ The total receipts on the q We accoun
:. which are payable monthly into Il
- public Treasury have been by periot
no as follows:
&c First period, from Janurry !, 1881 {
% COke's last payment May 81, 1895 ju
=. IA years and months:
;c Total payments, 1896, 474
ID Average per year, 27,5Ol.
81 Average per mouth, 2,29l.
'ao Second period, from last payment
90 Coke May 81, 1895, to the inauguratiO
lv of DR.. Thompson January II, 1897, or
= year % months, covering Cooke
- time:
=. The payments were, $s213O
r Average per year. 50,SO2.4
- Average per month, 4233
70 July 81, 1898, 1year months tt
- amount was $163 $3.50. !
70 Average per year los, $685.
Average per month, SITS
A. These figures show the actual cole,
ID tons of Thompson, the amount turne
- over to him by Captain Cooke bein
40 placed to Ooke's credit"
Is 1t is a rather remarkable fact tn.
,e the Secretaries of State kept no perm.
ID ment record Of the money receipts {
y payments of the office before Septen
Il Der 1896. II we had found some bOot
~ We might have been able to account fl
it; bat the books are not there. don
st campaign fund. | done say anybod
e. stole anything. But say if anybod
n had stolen it, there is no way by whic
= you can trace the theft. Such wer
their methods in the days of "goo
in government" They were not tt
ir methods commonly used by conscien
TO iOus and competent business me-
er Would you not have thought that the
l would have kept some books Prior
I'd September 1895, find only a penc
re cash book now and then, not half do
sc en- in all, not consecutive, by which yc
9, can trace nothing.
ne Now the Democratic papers will
IN come hysterical and indignant at IL
"a mention of these things. They will d.
"a nounce me for commenting upon tt
u, conduct OF men still living, and d.
be nounce me for calling your attention
the carelessness, lncompetercy an