The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1901-03-12

- FAN Ill.,
81 business done in this State and
81 ~~,,ortional share of receipts on
'rsough business.
M II Graham made a strong speech
- If his bill, from which we
,.+ the following paragraphs:
en- the Railroad Commissioners
~.,r+s. 1900, p. 424, the railroad re-
nv in North Carolina for the year
e. June 30, 1900, we're nearly
CIV oaa 200. and their net income
.-flao1. For the year ending June
y, ,oar. from the monthly publica-
~, If earnings, published in New
- financial journals, their re-
- viii be considerably over $16,-
,CIn-. and their net income more
H.r $4,000, 900. Six million on a
If / Der cent shows a property
|T~s-,n of $3.50, 900, 900. The rail
is GIVE in their tangible property
the State as SIP, 600, 900, and on
.rs- alone do they pay any taxes.
rb;- leaves sos, OOO, 900 of earning
,,na.,-v absolutely untaxed and
u-bi.r should go upon the tax list in
4ba shape of gross earnings. When
United States , per cent bonds are
sh7ve par, as they are, when 4 per
cent bonds are very decidedly above
mar and when so many farms in the
State are not paying 1 per cent net,
basis of t per cent is a very fair
calculation by which to get at the
valuation Of railroad property in
this state. 1t is very certain that
the gvrners would not sell the rail
road property for $3.50, 600, 900. Yet
+Eev are paying tax on only $42, O0O,-
900. leaving sos, 600, 900 of property,
earning / per cent. untaxed. If S42,-
100000. Is a fair representation of
the tangible property then the way
70 put the sos, 600, 900 upon the tax
list IS by a license tax<On gross re
celp-s. AS Is done by so many other
States 1t represents that which
was given by the State to railroads
without one cent of compensation.
That's. the right to tax our people
by Ereigbts and fares producing a net
income of six million dollars.
There are many State which levy
this kind of d tax. Among others,
Illinois. 5 cents per 100; Wisconsin,
g.. Vermont, p. New York, );
Texas. : per cent on passenger earn
tugs; Pennsylvania, : per cent, max
ing $4,000, 900; Michigan, 2E to 5
per cent; Minnesota, 3 per cent.
''S0me say this Is a new system of
taxation and ought not to be tried at
.lis time. l say it is d new system
IT, applied to railroads in this State,
but not new as to telegraph, tele-
phone and express companies, nor to
.3ut we have new conditions now,
~e have become a manufacturing
pa L.. our population is more dense,
great combinations of capital have
been formed, which have demanded
AMI have received from the State
great privileges, whereby enormous
sums have been exacted from our
-= and gone to enrich the own
e- those roads in London and
New York. New subjects of taxation
-are Us. 1t is our duty to try
-.lize the burdens of taxation.
.-le Is ripe for it, the people de-
It. and we should lift the bur
rom the poor and oppressed
lace them where they belong.
- mendment will raise S275, 900,
this section only raises S19, 900.
- rs 10 justice and we car pay off
felt in the Treasury and run
State government and keep open
.5Dls four months in the year,
..r the insane and that most
= object of u care, the Con
soldier
Grahum's amendment was
first in the committee of the
and voted down. In the after
a,wever, he again presented
r amendment to the revenue
...1 its final reading, and asked
. Y and no vote. The call
tanned and the vote resulted
option: 30 ayes and 81 noes
voting for the amendment
r~ Bannerman, Barnhill,
BlOunt, Britain, Carraway,
n. Coleman, Collins, Curtis,