The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-12-18

a.. ,nfkt. M vuht rN,
i'e'e''".e 10 in"'u " ."'" ~ -
gives statement OF tho bonded dept oil
| the State, aggregating at this time the sum
~ 90 ooo oao
,,.. 49,. u,uo,u, ~, a.,
ihcse oohus are he'' ".'p"i' os .ne
school. university and asylum FUNDS, which
are distributed as follows.
por,,a,,en, ni,o.s,,. ,rra &c 10
Agricultural and Mechanical col
lege fund ...... .............. 100000
Biina asylum tund, ........;'.... II '5oo
Innatic asvn,,n fund nj zoo
Orphan asylum fund 80. ...... $500
Bonds In the hands of indi-
Vlduais ....... ..'... ......... '5t,eoo
----
Total -. ..............S 50 500 03o
None OF these bonds are optional except
the issue OF 1898 of Slo2,0Oo. rms issue is
all held by the special funds. TWO thous-
and SIX hundred and thirty dollars OF the
per cent issue of April, 1873 VIII mature
next year and provision should be made
to take up and cancel these bonds. No
other bonds will mature until 1904. The
bonds that are held by individuals will
mature as follows:
Z per cent. act March 4, 1874,
mature 1901. ................. $4,000
per cent act April. 1879. mature
''"''''''' ooo,-oV
These bonds held by individuals should,
If possible, be secured for the special
| funds. III this could be accomplished the
bonded debt of the State would, in sense,
be entirely wiped out, by being held in
trust by the State for the credit of the
school. university and the several eee-
mosynary institutions of the State.
OCCUPATION TAXES.
Tables Nos. 81. 6S and 60 rives the
,,,. =, -, u,a. -,
amount "a e"en SUITES UT character OIL &C
cupatlon taxes collected In the State by
tax collectors in each county. which ar
pree,tes so. tho vo,. COZ, 90, 40 ,e
@e' wi 'n' Se"i F'fi''oi'oe' an IN
VI tne new occupations taxed under the
oo',,t =, Nv "as se eo'iec.ea on ae-
dealers: S1g AK from nhys,oian. .s s o,re
geons. The amount collected ON account
or the other additions and changes in the
raw aie hot Oh suliicieht Importance for
| tia rec,ns.,a cattn, ns .ns eAeeptNn on
increased that tax abou, S4s. 900 and nawn-
brokers about S2S0o. The balance of the in
crease was gradual and uniform. The in
.ea'o III sucn corrections from retail liquor
go Deer Shealers neither OF which was
augu,eu ny tne new law, Is $37,25O
ohae act OF 1857 the law was changed
| 80 as 10 make the taxes payable annually
instead OF quarterly as heretofore This
change doubtless had Il tendency also IN
| increase tho receipts, Credit Is also due
/ 10 the tax officers in the exercise of vigil
ance in the collection of this character of
taxes.
l believe that the OCCUPATION tax law
rs 1t now stands Is in the main satiefac'
tory. Some few changes may be advisable
but they are of minor Importance. | do NOT
think frequent changes in the tax laws
a wise policy. only such changes should he
made as are deemed necessary 10 eoualize
4 the system OF taxation aud protect tbe in
tenest of the State in the collection Of suf-
ficient revenues to maintain tbe Stnfa So,-
eminent.
FORCED COLLECTION OF TAXES.
| The cbnnre n,,do h,, ma To-. ,,,
IN ,h,, IT., as ~ ."' '',S' i.S'S'a'uie
~ 'N' ''e'"o" VI chiorcihs coilecIlon OF de-
inquent ad valoren taxes. is the most
important change that has been made in
nm. rev,n,,e ,ows
M -, 90
NV "ct vi 1870 as amended in 1897
provides for the collection o. delinquent
ad yalorem taxes nv s,,it n, ,ha at,tn,o,
oour, nro,.,, ~
sbaii 4, ~ ~ w .uins al.o' that II any person
,' 49, - VI 'eiuse 10 pay tue tax impose
d., H.. ~ Us piopoly ny Jaw uhtil th'
,atn,n ~ w. a. o sas neAL ,sueceeuinR tAe
-, W. -, ~ 'nu n,se,1nien' TOTS Oh tne SVun'
" .he eonnptrol'er. a penalty OF 10 PEI
> ~, Gu sne ehtire amount OF sucn taxes
'Ni'i ,a aNo, u, -
,,, uen unnecessary 10 go INTO the
an.souia,s as 10 uhe operations OF TINS law
) iul.net 'hah 10 say that the results nave
. IN ., very Satisfactory nature, as
D sih ',, 10y tne .doies containing the STA
"s T uhuer us operations.
D ne ahoun' Oh laNcS coileeted In reaemp-
,l"h oi properly 'whleh nai peen previous
0 solu 10 'he Stase OF reported delnauentl
umuer act OF 1850 as amendeI In 1897
0 suniIa'iHei' SHOWS the ioiiowlhs
rotal amount OF state aud school taxes
. soileeteu ior tno year ehoins-
ausust o. 1920 ''...'''''''.''.''Sio,l 5S q
4 august 81 iSso ''''..'''......... rs 700 u
ausus. o. 1871 ''.'.''.'...''.'.'lO S lS2 y.
4 AUGUST ~, 1928 ':,'...''. .2os219 o.
Ihese tiSures show an increase OF abou
NV per cent during the last year IL has
aken time FOR the several counties OF tbs
state 10 prepare the delinquent lists hocl
10 1920, as required by the law, but as
, the work has advanced corresponding In
crease , in collection Of taxes by rsdemptior