The Worthington advance., 1899-01-12

On indMStr1 new burdens , rs on our peoPie or
sources fee eonaent thas Se you '"ss can
s thy resze sxz by ~ x e7 Of m
estimate gl The taxpayers are entitled to
gaascfop I'll ponnowH a xsw af the %sS Ta na f ns
nestly recommend that it be made. This
ieGGGifmgmendation i1Gifgnrudati IS not made In spirit Of
eral err progressive policy which is character
ISL igt1c % OF our people in their views concern
earnestly believed that the the adoption Of
the IN rafans measures f9r additional revenues and
heren ef
cne hand and fee reduetion aeofsfs Of expenses on
for new
than than would result under the practices
TAXATION
The subject of taxation is one 50 vital
70 the state. so important to the people,
Of %es peh as ex
PPsf;es5Sarily P1,; brief and lacking in detail;
views views, of & the executive as required by the
The csetT;Hn state. which under our institutions
is the people in their organic capacity.
RSyfss sS 9{ hsss SsS5 S5
Is that the state may. appropriate from
ea e par of sudn Sy or hf sb
Tic good. Taxation is such appropriately
SK h stas f s Of the yed Of the
1 p%he aas beha Of
posed p2ssens s'S 'd1he1H Sno %
public schools. the administration of JUS
sd ssS 9 RSG our puee SeebSHd ba
@ liz OBJECTS a5tinc7sly a f THAT that P5ey
a q q nf IN on1 hat
are tef The pa6Ie g9Ss s Bst
the states care: t IS, Equally important
sh be and afsn fro%R psa
not be; a detriment and menace to the pub
puSiic-spirited, haste to provide for the
% care, we have bee been So intent on % the eod end
that we have overlooked the means: The
toa Of f ss Is on hf h e steck IS
tools. implements-the means of subsist-
,}f. ence-9}f numbers OF opr citizens liens who are
grsat Wealth escape. Besides the 1hherenf
to have Ros Rt mi ey snf Sts{e ass ssn a91e
SxtenGe Loaded With
ffR thfm ths Of art
a seet es W sSow IS no o4e lust
Of the Weather members Of the communi-
me8t conditSeh rss1ting + from o. the new
remarkable progress and the economic
changes which have taken place, in this
Sn on Sr hvseve is a9f suBBse BIZ fer for Ssfro
Rapidly as the forms Of our Institutions
permit.
CORPORATE TAXATION
!? snS r. }em et ~
porafions. ras fiS BY % wise and I'VE i -consdered cred
1afh an Sn tS
than make up for the proposed REDUCTION
IN the tax levy and " %hfh iS will With other
ststs 70 such h an extsRt fS;% thst q direct tag tag
Cf % 21f nm Rs% peaass fee 5
Gh &es Ths ns saR
in Ga i rssza1 6nEpg gsna1g lag sums Of aaS bu
b. Business in this state This Would only LYLE be
our own business interests. The. license
fee should be: uniform with that imposed
6a 6e coeeted o h ene e
ton e the capital engaged in business in
Either course is valid. and has been SANG
toned by The courts Of last resort both
tricts. us is Occupied by }tigatioa brought ] piS BY
f9TsgR WhS in the past have
ernment This license fee. like that COL
lected upon the Issuance Of domestic
In addon to hs many Gf o@r sister
states levy and collect an annual franchise
tions and. foreign corpora tions doing busi-
ness in the state are alike subject to it
WITH s%ch exceptGns as the
as legitimate sources that You can an turn turn
dlviduai citizen. The tax. in Itself, ~ is "a
just one, both on ECONOMIC. grounds and
I Se Sf RnR Hnon f thy cap
that form ot organlzatien:: It gives the he
never be attained in partership: It ta IS we'll veil
reeognized +; fact It; that there is an economic
Of numbers over tndviduai effoPPs. Hem
men M baSady badyye eapable as n wSSrkng together
i've Of eapita Is even as faata: greater.
f shfs has be adea eaSn hsrs srea Is
er efficiency, when. applied to trade or
production. The business Of the corpora
tSa o 4 efe aef by The ensb
owner Of limited capital to participate in in
reach but for its aid If business re- re-.
verses befall the corporation. the share
holder is only liable for It's losses in a
limited degree. Numerous other adyant-
slough TO show that the state confers
special value when it grants a corporate
charter. The state conferring these spe-
cial powers and privileges, which are con-
stant and continuous in their character. it
s sheaia s'SaSrx 'seadersa
SUFFICIENT answer to say that the capital
Is taxed in the property in which It is
invested. The capital as such would be
liable to taxation in whatever form; This
5 asas 81 RsttsS e suel%s cauf e 81
court says: 1.-THE right and privilege, or
the franchise. as It may be termed. OF be-
ing Q corporation. Is of great value to Its
members, and is considered as property
separate and distinct from the PROPERTY
cording to the law Of most Of the states.
this franchise or privilege, Of being a cor.
poration is deemed personal property, and
is subject to separate taxation" The
sgscal YalHs entitled n M to the. the taxes i'm
collects; practically self-enforcing. II 2
domestic corporation refuses to pay. such
refusal can be made cause for the forfeit
ture of the charter. In case of the foreign
New York. The laws Of that state upon
this subject were recently before the su-