The Worthington advance., 1901-01-18
GOV. LIND'S FAREWELL.
Tho Retiring Executive Congratulates the
People Upon Work Accomplished
In the Past Two Years.

Tho Retiring Executive Coneratulates the
People Upon Work Accomplished
In the Past Two Years.
Gentleman Of the Senate and House of
Representatives: The history of Minne-
sofa spans but half a century. In that
brief time the persevering industry Of our
x$sSsnsss into lana q = p,sneS Sse!sss aestsa
latton was told in hundreds; we now have
sotl sot * yielded 6 in the year 1900 not far from
Produced 1000 .eSo @ feet Of lumber: Our Our
exceeded SO, 900 900 in value. our manu-
fact9res. including flour and lumber, ap-
carried over 6,7sl miles Of railway within
the state, and our banking capital, exclu-
sive Of private banks. is $20, 900! Learn
ployed in 1908 school.houses, Which have
Reen Pc n erected ere at cost to the public Of
Our past has been phenomenal. Our
present Is great. deem it conservative
to predict that within this century Min
nesota VIII have q population Of 1o.0 600,
The comfort and happiness of that popu-
lat1on Will, In large measure, depend
upon our work and the work of this
generation. Our state and our institu-
tions ton. are are yet IN the formative period. The
greatness that appeals to me and that
assures it's permanency is to be found in
@ lust ana equal equal laws, in policies that pro
that build homes and conserve the inde-
pendence and. happiness of the people.
tion as one Of the factors in the distri-
taxation. on the basis Of the current as
sessment, the taxes paid by the people
IN sas1ed io5ty years equal IN amount the as.
the state. If account is also taken of
| national taxation, which at present rates
substantially doubles the burden, the per-
from the stste IS is redseed
twenty years. With such a. continual
drain on the people, it follows that any
Of the ba9en Is bounS 1ae to
| a tremendous influence upon the econom-
ic and social conditions Of the people.
state is to-day. exacting taxation non on the the
Of subsistence--of numbers of { r citi-
selves and their families, while thous-
| ands who possess great wealth escape.
A l. free people cannot afford to permit
policy that viii distribute ep the ineVitable al e
burden more equitably and fairly. Our
1orcement of realty taxes are probably
| as just and effective as can be devised.
In regard to the taxation Of personal
PtOPcAly, WHICH causes the greatest com.
the difficulty is inherent in the Subject
| matter, and do not see how that diff
sSX sSaona be Fos Xbs soysd BY
falls into two classes, which may be
sailed visible - and Invisible The first
does not escape the assessor. The sec
ono class, which consists in the main Of
moneys moneys, stocks and securities, is readily
these. radically differing classes CSC Of p prop %
erty by the same method of listing and
result. as it does in % the PRACTICAL @ ia exe%p Gay
In my Judgment there is only one rem
a well-devised system Of state inc6me
and Intellectual method Of taxing personal
The specific amendments to existing
law relating to taxation that 1 recon-
mend fd,;a1tl ana urge upon your attention are
First-,An amendment to the law enact
ed at the last session and known as the
Somerville bill, so that it will not be in
state to admit foreign corporations to the
state upon the payment of a mere nomi-
nal sum, as has been done under the law
second-Paragraph 1880 of the general
statutes of 1894, which relates to the as
sessment and taxation Of the property
vent confusion, be amended so as to make
it's language conform to the construction
given it by the supreme court in the
Of ne ntata s Gas and
The court, by construction and In pur-
suance OF the requirements of cur con-
section and holds that the indebtedness
is not to be deducted from the valuation
Of the property and franchises of the
corporation; but. even with this import
struction, it is still defective in not af-
fording a proper basis for the taxation
Of rSerp corporate r. e. property; ;cssf ,ns+ .
state, with which L am familiar-the
street railway Iva Of Duluth1in which the
value va 4 OF the entire franchise n and assets
estate and tangible personal property, is
represented by outstanding bonds and
these have been issued in such an amount
that, though the income of the corpora
ton is large, the earnings are almost
wholly required for the payment of the
interest on the bonded debt, leaving the
ue. In such case. it is evident that the
franchise of the corporation cannot be
reached through the assessment of its
fore, be amended so as, to require the list
ing and assessment Of the outstanding
bonds as we'll as the stock. The real and
the sum 50 Obtained and THEREIN the REMAINDER @
to be subject to taxation as now pre-
scEi6ed in regard to the stock alone;
there is no provision for taxing foreign
corporations doing business in this state,
except on such tangible property as they
may may have; ave A lazy g,, should be enacted for
be made by the state board Of equaiiza-
tion and the tax paid into the state treas
ury.
Fourth-1n my message Of two years
ago 1 urged upon the legislature the i'm
portance Of revising our system Of rail-
Of property contribute its share toward
the maintenance of the state government
and the support of our public institu-
tions.
General Douglas, that the banks Of the
| state, whose taxes are estimated at the
usual rate. of taxation upon an amount
Of their stock, pay nearly three times
the proportionate amount of taxes ac-
tSay PAID by railroad companies upon
In view Of this and other facts, can
hardly conceive that this legislature will
pie of the state in this matter.
The governor urged the adoption Of an
inheritance tax law and the repeal of
the the SUBJECT Of education. Speaking % as fol- Of
lows:
The reports of the superintendent of
ptate university and II Of the neTmal school
board exhibit most gratifying progress in
| growth of our state university has passed
beyond the point where there is occas-
| ion for solicitude on that score. The
problem that now confronts the board
Of regents is to secure adequate accom-
| modations for the work of the contin-
| ually increasing student body and means
to maintain the high standard of quality
for that work which the times require.
The estimates submitted by the board of
regents are exceedingly conservative and
should be allowed.
| After reviewing the conditions existing
| in the state penal institutions and calling
attention to the work of the commission
| sent out to investigate conditions in sim
liar institutions in other states, Cover