The Grenada sentinel., 1899-10-28

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upon whose lives and property they sit
in judgment"
Capital and Corporations in Mississippi.
A gentleman who has been very
active for many years lii the industrial
development of the South. and who re-
sides in Kentucky, was invited to pre-
pare paper for the Southern Indus
trial Convention, Huntsville, Ala, Oct.
1914, on "Legislation of the South as
Affecting Capital and Corporations in
the South" and he asked the editor OF
this department "to outline the condi-
ton and trend Of legislation in Missis-
sippi in relation to capital and corpora
tions," etc.
We replied that the laws of Missis-
sippi in letter and spirit are specially
friendly to capital and corporations.
The constitutional convention of 1870
passed an exemption ordinance exempt
ing factories for ten years, expiring
Jan. /, 1900. And the legislature of
1896 amended the exemption sections of
the code by providing that all factories
established before JAM, 1906, shall be
exempt from all State, county and n1u.
nicipal taxation for ten years, except
that "a factory or manufacture belong
ing to or being in trust or combine
shall not enjoy exemption from taxa.
tion."
Any foreign corporation Of any kind
may be chartered in Mississippi on the
payment of recording fee OF $500, and
it may turn loose millions of capital in
the State in manufacturing, and be ex-
empt for ten years. Or it may operate
in Mississippi if chartered in another
State Not so in Illinois. The Glucose
Sugar Refining Company of New Jersey
puts $4,000 900 of its capital at work in
Illinois, but it pays one per cent, or
IS, 900 for the privilege of having its
New Jersey charter recorded in the
Office of the secretary of State. Glu-
cose can come into Mississippi without
any expense whatever, or without
notice to any official, State, county or
municipal.
The privilege tax law does MT in
clude many items taxed in other States;
and while railroads and other corpora
tions must be assessed ''at their true
value" and on the ad valorem princi
pie. the assessments thereof are gener
allv accepted as reasonable and equita
ble.
In view of the very liberal exemp
) tions to capital invested in factories the
) wonder is that millions do not come
here where the raw material is abund
ant, and where labor is cheap and relis
; BILE. These exemption laws shoult
have wider publicity than their appear
auce in the pamphlet acts.
Legislative Biography.
The editor of this department is tabu
lating some biographical data that h
. has received from the nominees for tn
legislature to be elected next month
It will be completed and perfected sool
after the returns are all in. Informa
ton like this is usually compiled at
in the session. BY publishing in ad
+ vance it will be of substantial use il
the construction of committees, and il
i, helping the members to know some
p. thing of each other before they assem-
BILE. The collection and tabulation O
: this data requires much labor, but tina
is what we delight in, so long as ou
b readers appreciate and enjoy the result
i. The house has 133 members. We hav
heard to date from 104 nominees: Law
). yers 81, farmers So, merchants 7, teach
ers 7, publishers 5, physicians 2, minis
0 ter 1, superintendent education l, str
n dents /, sheriff 1, not stated 2. Severa
of the lawyers and others are also er
S gagged in farming.
v Methodists 81, Baptists SO, Presbytt
e rians IS, Episcopalians 4, Catholic
d Isrealite /, Christianity |, Christian
friendly to all or no preference, 10.
j Married So. single IA, widowers 4.
t Natives of Mississippi77. All native
9 of the United States.
l. The senate is composed of 45 men
IS bers. Forty-two have been heard from
d Lawyers 81, farmers 9, physicians
/. editors 2, teachers l, insurance l, CO
= ton broker 1.
?, Methodists 1S, Baptists II, Presbyte
y rians 5, Episcopalians 8, Christian ?, nc
Is stated 2.
d Married 80, single 3, widowers 8.
l. Natives OF Mississippi 81. All Dor
e in the United States.
q The youngest senator was born Apr
Il 90, 1878; the Oldest, June s, 1885.
e The youngest representatives wa
g, born January II, 1877; the oldest, Jun
D. %, 1888.
le A Suggestion to Voters.
e 1t is not the province Of the editor
n this department, in these columns.
'e enter the domain Of party polite
'e But he ventures the suggestion, an
IN expresses the hope that every voter
r. Mississippi will so to his election pr
&c cinct on the 7th Of next month and ca
'e his ballot for the candidates OF h
s. cho;ca The repiStered vote of Il