The Wilmington daily Republican., 1901-08-01

THURSDAY. AUGUST 4, ioos
No wonder some men in Whining
ton would rather invest their money
in anything else than real estate.
Bank stock, gas stock, bonds and
mortgages are considered TX lit edge.
1t il impossible to borrow money on
real estate, without being put to
great deaf OF inconvenience and
considerable expense. This is one
reason beyond all others why real
estate should be better paying in-
vestment than any other. as it car
ries greater risks with it, owing to
the chances taken with bad tenants
mauy Of whom would rather move
than pay rent. Then there is the
depreciation OF property that good
seeurities do not have to contend
with. They can be turned into
money in a few hours, while it Of
ten takes weeks before real estate
deal eau be closed. To show how
we'll bank stock pays in New York,
We would mention that the Nation.
al Bank stock Of that city paid to
its shareholders an extra dividend
Of 1900 per cent on the capital stock
OF $500, 900. This is exceptional as
far as dividends CO. but there are
hundreds OF banks and trust COM
panies that pay their original stock
holders 20 per cent and more, be.
s1des enhancing in value more than
three times the par value OF the
stock.
The Every Evening, in spe aking
about the increase in the tax rate
on real estate in this city says:
This year the payment OF lakes
both city and county. has been at
tended with great dea! OF grum.
bling. For in both instances the
taxes are higher than last year.
The city tax rate was Increased
from 81 40 to ST.. 50 on the $780, the
county taXrate from 60 to so cents
on the 800. These increases made
a perceptlble difference between
this year bill and last years, q
difference that IN many instances
was accentuated by an increase in
assessment also. Naturally, the
people kicked vigorously when they
paid their bills, and the poor unlor-
tunate receivers OF taxes were made
the recipients OF the violent protes-
tations.
X =
.'The time to kick against high
taxes is election time. Then should
the outraged taxable give heed 10
the issue Of high taxes, and admin
lister his protests through the medi-
um of his vote. He should careful
ly scan the names OF the candidates
for office, when he goes into the
polling booth to mark his vote.
And here is where the taxable
may make his protest against high
taxes and inefficient government
with effect. Let him vote for good
men and elect them. Good govern
ment will follow as corollary.
But if he yields his judgm ment to
part,sanship and votes to elect in"
competent and dishonest men sim
ply because they are on his party
ticket, then will he continue to e
afflicted with high taxes. and 10
uselessly waste his protests upon
the innocent receiving officers, when
he comes to pay for his own loly.
1t is very difficult to get men, at -
ter they are elected to office, to do
anything they consider detrimental
to their party interest They lall
10 realize that they were elccte by
the tax payers to look alter their
interests and the welfare Ct ihe
city. A high TAX rate keeps mAn.
ufacturers from the city. Manu-
facturers who have grow rich from
their plants should pay Il cir pro-
portion of the taxes and not lay The
burde on the poor man, who, by
thrift and economy owns one or two
small houses. Don't put the bur-
den on the poor man. let his rich
neiuhbor bear his share.
THE strike among the steel work
ers has not been settled vet. A
few days ago we were led TO think
that J. p. Morgan had agreed TO
meet the men and grant part o!
their Demands, while the men IN re-
turn were wiling to give up part Of
theirs. and eyety thing looked favor
able for COMPROMISE. The dis.
patches to-day lrGm Pttsburg DO
not sound reassurlng and say that
Mr.. Morgan would not agree to The
counter position OF the AtSalgama-
ted Association and the Haen are
now trying TO secure, th' ough >er-
ator II a, reopenlng OF thl
conference with the officials. Ii the
men do not get this conference ano
Morgan does not shift his position
the strike viii 20 on and be more
general as If will mean fight for
the existence OF the Amalg amated
Association. One proposition sub
mtted was that the combine s,gn
the scale tor all mills that were
union up until July l3. This doe.
not include WelIsvlllc and Mckecs
port. The men arc afraid III 1t il
the strike should tai!. It will near
\ q general breaking up OF the asso
citation, which was never so strong
as il is to-day. The steel mer art
rich and powerful, but they can
.. afford to have their plants shU
down as their capital wou'd
be earning nothing, while ,hcI:
atock in Wall street would huctuat'
sharply.