The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1898-10-07


In this is seen an increase of revenue
almost equal to the foreign debt of the
state in 1890.
In 1890 the foreign debt OF the state
amounted 60 $3.50. 6l5. H. 1t now
amounts to S3.2l6.6l5. -. showing re-
duction of $3.50. 600. every dollar Of
the reduction bearing irrefutable evi.
dence of the wisdom Of Democratic finan,
cial legislation.
Hon. j. o. Henderson, auditor OF
state. In his report of 1892. takes occa-
sion, in giving the figures showing the
immense benefits accruing to the state
as result of Democratic financial legis-
latIon, TO say:
The first years operation Of the new
revenue law has vindicated the wisdom
Of its passage a thousand fold, and the
wholesome results attained proclaims it
at once the most equitable and the
soundest tax measure Indiana has ever
known. For the first time in the his
tory of the state the burthen of taxation
is fairly and equitably borne For the
first time in our history tax dodging is
not only disreputable, but losing busi-
ness. Indeed, an impossible business If
the taxing authorities possess the abili-
ty, courage and honesty to do their
whole duty. Under the powerful
search light of the new law, property
sequesteration Is both q dangerous and
a difficult thing.
Never before in the annals of the
state has corporate wealth been com
pelled to bear its just share of the pub
lie burden.
To-day the dollar Of the rich man, Of
the bank, of aggregated capital. Is COM
pelled to contribute to the public treas
ury equally with the dollar of the
humble citizen.
1.-The new tax law is founded on the
sound doctrine of honest, full value ap.
praisement. One dollar is taxed at 100
cents. whether il be invested in lands,
products. bank capital, factories or lux
uries.
"Under the benign ministration of
this measure millions upon millions of
property heretofore seQuestered has
been placed on the tax duplicate.
And this additional property, as the
tax duplicates show. aggregates $i34..
066. $50. and thus the revenue derived
from it amounts to 5000. 475.
1t was this measure that at once
solved the financial problems which
confronted the state. 1t emancipated
the state from its financial trouble and
anxiety and substituted confidence for
doubts.
II was as Mr.. Fairbanks said at Fort
Wayne. a democratic measure" evinc-
ing that the Democratic party had clear
conceptions of the supreme needs of the
state and the ability to afford the relief
required. This eminently wise and ju-
dicious revenue law which Auditor
Henderson said in his report had "vindi-
Gated the wisdom of its passage thous-
and fold" was vindictively opposed,
from its incipiency. by the Republican
party and this opposition has been
maintained at every step since 1891 TO
the present time with the partisan zeal
as blind a. bigotry and as relentless as
corporation greed.
As an evidence of the imp,acable hos
tility to just and equitable assessments
and taxation. it is only required to pro-
duce the declaration Of q. w. Fairbanks.
On June 2s, 1892, one year subsequent
to the time when the new Democratic
revenue law went into operation, the
Republican party held its state conven.
ton at Fort Wayne. and the Hon. O.
w. Fairbanks, now United States sen.
tor. presided over its deliberations, and
upon accepting the honor of the position
conferred upon him, made speech in
which he referred to the new revenue
law passed by Democratic Legislature.
The present, in the light Of all tina