Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1901-03-28

nens anu hv' intenueu as i" ,s aI
woul 10 laru ,noesu W nnu o.
ppigasaon nos given ~ sne oouLse
ous.ness anu 70 mare ne .aaaoy
" loni.aAao',iy VI so oonEe,on
penu up9u nv ,nssns,on 7, sne noioei,
.aSna.,., a 81 a. p'us ah ~.
p.osloh y, 'ne aos ~ prIosSy sn
Iii Y' ~ p0eu .,,ia,, ~ s P'oos ;.sTee.,s
o. a. ano o'uue'' ara~n anu ine"eo'i'o
o'a ..rr1 ... a.. ga
,.ss ~ s s, seu.'on .oquinss ena a zig om W..
o sn y, shoso oor Porat,oos vuiy Wno M
sno,e 10 ,asa'.ou unoet eh,s aoy shal
s ,nane L ~ vi 'ne no'uers vi 'ieir
Ssc ..M @o. :.
a.. -. .S ueoesssay eueu. Vi LUIS s .a
.rhioh hni5 H. ts.ast ~ a;s;aspS 1850
Mn'on noiu ln.eress 0, uiEIuenu pear-
.ns sevuri'Ies neou nahe any reeurn ZOE
t,ono p a ia. ia -, qaa u9Ipo,a
s,uns, nv i'aoie w 'aAasion unoer Tvs
pr .,Ia
neoessarily IolioWs tnae tne great
ma!oriey OF CORPORATIONS whlch noio no
Inveslnents are therefore exempt rom
nanlnf my fetu1n ano suon pro.
sIsion peine az IIIegai one because Q,
enn Iash ~ pnnorh'y 10 .ne Jaw anu
u,s'' ny. peing Inaue in 'ne salue
o,ass sne ssochs 81 Oily sone OF ine
oiass peIne .eacneu py tnis PROVISION
wnivn " uouDsiess intenueo asa ponce.
regulalloh 10 enanie tne assessor 20
perlorn ms ous'es, results tnat NO
colporaeion neeu MAKE tne return ana
az e5oape sne serns VI tne p,ovsion. a,
lhe III uoes not ple.eno W YAK al
propefiy Vi tne sans kinui Ior example,
stoohs W o0rporations, Only tnose STOCKS
On Wnion uiVluenus are PAID are tsSed
auu no matter wnat bhe non-oiviuenu
pay ers are worth they are exempt. A
share OF stock may be worth $50 aotu-
ally and in the market, vet IL Ia not
taxable while II worth only SlO. II II
receired n div;dend' IL mnsy hs faxad
10 r,o,,ia e.l 's uu 1881
$3.50 20 Ialo " unu onso wnoI9
iurBtr premium was placed on frauo
or inoompetsncy.
1t seems almost clear from reading
the act that there ia special animus
against cor porations
,iTrha oash 20 = sav..n..as a.. t
q .asa, oa1 h,i VI .9i polaon ~ p p
~ ~ poaso' WITS an ihui'iuual goes tfee:
twice; that OF an individual once. The
good will Of q CORPORATION IS taxed,
that Of nm indiyif]uaf mot Mt all Thu
aarniroa ~ cornorat;o,, ara taxad
and ;nSiv;5,.i ~ d., asn. !, N''
"hs. ino VI III" es1apos,
claimed that the plaintiff must recover
the amount paid for 1893 because the
tax for that wear was mot assessed AZ.
cord;no 10 Law and he ss, sos,b .het
N - -" ~ ~ ~ ses
t .ho pnosis'ons as 70 Tue s'me VI uahing
tue hssessment were NOT observed and
tnat the levy was in violation OF the
constitutional requirement that all
taxes shall be levied and collected
under general laws.
Willard ssuIsbnry concluded HE ..o,r,ant
aopinst The OBSERVATION-DISCLOSURES ~ ,ha sdans
tsx law AZ Tnasdsy oitarnoo,,s sessirn ~
Courn in pan,' petsr r rnorar o5,anod tha
arg,,,oa,,t IN .,,nsort ii a. IA ~ III
thnt tna l.. =, Il MI a., S;oiati,n ~ ~ CO.
stit,sinn' ..Ths rsaslatn,a has ~ III, III no.sr
in its discretion IN senst tha s"h;app M" ~
taxation Tha r,ls ~ ,,n,forn,,s, r,,,,,1,e
an annnrt;onnoent sr,n,s al tha s,h;arts ~
taxat,on within he district. Int n dnss nor
rennire that aver sth;ng sbicb thar a,,sIst r,s
misbt ,ase tayshia Kali ~ sais -, ~
facf Tha const;fntiona1 r,o,,i ro,,'..a,,s a.,
anuoiIt,, and -,nSsasn,i, vi, 1870, ~ ~ r.
s,i,.h s,h;ects 80 taoatin, Ky Iasi., as 10
sbaIl detsr,ni,,a q, hn ,,.asi, e,,.;S, - ~
bmrdem Tho rower ~ dstern, sa XIV ,,s ~ NC
and nhieets ~ ba taysd h tr,s,ad aS,j'.,,aI.,
IN The jeeislstiye Sansrts,snt eN''us''e's
,;Tba sansrai rnle NJ e. mt tor,,,4r a,a
n5onartu tor tha n,r,,,sa ~ -
In nos;gg d,ffoysnt rs,a ~ tasa.in , snu
nrnnertv ~ a narticrlar alas. a. ~,
cartsjn cIossas ~ ,,ro,ort,, a,,t;,ai,, a a,,
| from taSation y p''p'''s e'''to'S e"e'Np'
ill., .his c.o. a.. r,-..,..,....,
e,t tha 'n wsols S'ase one Sonsasu 1, ms
Tho Tas;s,atrre AZ ~ Go,,a.ai ,.. IL, ~
ren,assnts Ne n,h,is III an.s ut ~, as ss.,.g
Aseamhlv are preu,,n,sd ~ Ne e.. ,bo ,'ra