The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1899-01-11

pilsh more in one day than one Of them
tive efficiency Of capital Is even aT greater
mes we Be added nsre
ProdqIetIon, The business 9 S. e the coTpora
owner Of limited capital to participate i'm in
reach but for its aid If business re- re-
hn %ed desT ny for its ob losses in
enough to show that the state c COME rs
charter. The state comforting these spe-
cial powers and privileges. which are con-
stant and CONTINUOUS in their character. it
sufficient answer to say that the capital
Invested. The capital as such would be
liable to taxation In whatever form, This
Ss be better bet than
the United States d4s &. S. so5S. The
c eS SAYS The right and privilege. or
ing a corporation. is of great value to its
members members and Is considered as property
cording to the law of most of the states,
this fra or privilege of being. cor;
Is subject to separats o taxa pfiSpe" The The
state having conferred the franchise-the
posed. it is one of the easiest taxes to
collect; practically self-enforcing. If a
domestic Gef,esf corporation refuses to pay, such
TeIusai can pc made cause for the forfeit
ture OF the charter In case of the foreign
corporations. they. can be denied the pro-
New York. The laws of that ia State taM UPON IN
preme court Of the United states. and were
vs.. Roberts. decided Q Oct 81 last a.is What
n mas been said with reference to domestic
oegm ror Sene
large and lucrative business in this
Seaiie: s4 IS as the various MACHINE com
trusts. and mining companies in the north.
eEn part OF the state. It is not necessary
at PThase regsrd 70 De whes tse
should be exe epe New York *
which carry on the business Of manufact-
nre wholly within the state But these are
NECESSARY to further cali your attention.
The legislation now, in force for taxing
~ telephons and sleeping
revised: me rate imposed I of per cent ut
local and S0ie ehSdi 0g
Within NTH It the th statsis grossly inadequate
cent of their gross earnings. including the
interstate as we'll as the local The earn
ing eaPaGlty and rate of profit on the
referred to are, certainly greater than in
wbE adj and there is no gooa
source. It IS not alone the rate e Of Of taxa.
ton imposed upon these monopolies Il
for computing it which is wrong. Situated
merce between the two oceans, with our
large ng fen t, Of population near the state
is srey oeps fhat Of is 0q qo
say. business originating and ending with
i IN the boundaries of the state; Under
or crit Teri by which you can Judge either
erty subjected to taxation. or the actual
amount OF, revenue derived from its use,
both Of which items are factors in max
the. state. Besides. this bas,s Tor COM n
copied from the Wisconsin, law. Under
on on sleeping car Companies to the le gross gross
earnings from business originating and
ending wholly within the state the same as
tieksts from pe!nt within net the stsss to ga
for ms nstanee. on Selling a ticket for Madi,,
SON to Duluth t to passengers going to Su-
terfuges cannot be reformed too speedily.
levied directly on 1 the gross earnings. state
ts nd nhd taa IF the sdf Sc csnf par
puted on Valuation q the eorporation's
State State The method for arriving at such
valuation. and the only plan, by. which a
legally legally imposed. is according, to the pro
visions of chapter 16O Of our laws for 1897.
act to saE er been and say
IashSle ' court Of the United States on ap-
vvania. Indiana and Ohio. :, A change in
the. basis for r, computing np these taxes to
that in ths cnaper %d
this soarce ne eoae less than oven
the auditors estimate.
RAILROAD TAXES
Another branch Of taxation that de-
and property Of corporations engaged in
transportation by railroad in this state.
beeye it has been the practice snfe the
into the state revenue fund deem ,1a this his
@ ns SSe9sfsd voFHs for ta1ns tbs
m sh on the bass Of vauaoa
arrived at substantially in the same way
as other property, is valued for taxation tio,,
has always prevailed in this state. is by
ievying certain percentage on the com, CON-
R I seems 8 to me is the more just to the
railroads, as the earning capacity of a
property of that character. is necessarily
the dominating factor in determining it's
value for any purpose: as well as for ascer-
taining the share of the PUBLIC burden
which should eauitably and justly be as
signed to It, .
The total amount of taxes paid on. the
gross earnings Of the railr9ads in IN tbs
was 81. III $50. a. The mileage is something
over 5000 miles. A valuation, of the rail-
proportion that other property is. valued
would probably not fall be tp;s $1,000 0 per
alton rate of taxation the same as is
imnnsed on other property in the state,