Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1901-01-10

of seventy per cenI. i'm all branches-no
less than fifty per cent. to be made in an,
one branch.
EDUCATION.
State University.
In no Institution in Missouri. indeed II
few, if any, in the Mississippi Valley ha:
the growth and advancement been greater
in the last four years than in he niver'
sity of the State of Missouri. This ad
vancement has been not only in attend
] arce of students, but in the character
souri, state University is taking rank as il
q we'll deserves to do among the leading in.
situations Of America. This progress vii
be gratifying to the increasing number OF
! friends that the University has through.
/ out the State. Tuition has been made
free in all departments. the medica
! course has been extended to four years
and the law course to three years; {
igh school education is now required FOL
admission to both courses. The labora,
tory of Anatomy has been eQuippe anC
the chair of Anatomy filled.
! The Parker Memorial Hospital erected
through The generosity of William L
| Parker of Columbia. supplemented by the
State appropriate ton of 10,0O0 has beer
built. This hospital is for clinics. for the
training nurses. An appropriation will be
needed for its equipment
School of Mines and MetaIIurSy.
The past four years have been notable in
the annals of the Missouri School OF
Mines for changes and improvements. A
1 SIIACA al ASOAC &4a42 - Ill ~~01N 0A-
administration. and a change IN the char
acter of the work of the school has beer
largely academic and preparatory has be-
come most purely technical. The full
courses for engineering degrees have beer
strengthened and the standard for adm1s-
sion to the school very materially raised
The results CT these changes nave been
gratifying in the extreme
State Normal School-KirksviIIe.
During the past four years the number
- -a4a Uzo- hes
| changed but little. The school mas been
working to its full capacity. 1t could not
do justice to large numbers. If there were
more rooms and more teachers there would
be large numhere of students. The stand
ard of entrance and graduation has beeil
raised Small department libraries haYs
been put into all the recitation rooms and
three new laboratories have been fairly
well started. \ goed Manual Training
successful working order.
STATE FAIR.
The State Fair, established by an act of
the Fortieth General Assembly, the loca-
ton and management of which was
charged to the State Board of Agriculture.
is an institution worthy of liberal support
and to which / would call your most care
full attention.
The Board of Agriculture, after an in
spection of the sites offered and a careful
examination of all propositions submitted
by the several cities, located the State
Fair on n tract of one hundre and sixty
six acres adjacent to the City of Sedalia,
of which one hundred and thirty-Six
acres, constituting the Fair Grounds, is
conveyed directly TO the State. and the re-
naming twenty-four acres is held in trust
to be sold Cor the benefit of the State Fair
fund.
The directory had at its disposal for
equipment of grounds on the first day OF
III the treasury to the credit of the Horse
Breeders Fund and 1925 in the State + air
Fund. During the year 1900 the revenue
arising from the amended Breeders bill
amounted 20 S, 1856, making a total fund
ss7. f0s state fa'F purposes OF N'-
A liberal appropriation by the Forty-frst
General Assembly is absolutely essential
to an exhibition in 1901, and without such
establishing the fair. the realty and the
improvements thereon will revert to the
donor.
In this connection / will suggest that the
State buildings erected at the St. Louis
Worlds Fair be SO constructed of steel
ard planned rs to be taken apart after the
fair is over and be Slipped to Sedalia for
re-erection on State Fair grounds. and
that the law providing for the State exhib-
sent also to Sedalia for our State Fair.
STATE FRUIT EXPERIMENT STA
TION.
Another of the varied products of Mis-
sCuri is the fruit industry Not many
years ago fruits were regarded as little
more than a luxury, now they are fast
every mans table in some form as an arti-
Gle of daily diet
During the past few years Missouri
fruits have attracted the attention of the
world by our heavy export trade and the
numerous prizes awarded at the different
eXpositions and Worlds Fairs. The fruit
product has become an important factor
in the commerce of Missouri and the in
portions that it requires official notice.
The last Legislature for good and suffi-
Gent reasons enacted a law establishing
a State Fruit Experiment Station, to be
located in south Missouri, and under the
provision of that law | appointed three
disinterested commissioners from other
parts of the State, who after careful in
Vestigation of the advantages of many
different places, located the Experiment
Station at Grove, Wright coun-
hi is the only exclusive fruit expert
ment station in the United States and it's
possibilities and future prosperity are of
i~ncalculabIe benefit to the prosperity of
Missouri.
FRANCHISE TAXATION.
The objection to the payment of fran
chise taxes, as usually made, is that the
corporations whose franchises are pro-
posed to be taxed, have. within The limits
of the taxing State certain tangible prop
erty, and that said tangible property must
be valued as other like property; that
upon such valuation alone can taxes be
assessed and levied against corporate as
sets. But rs has been well pointed out by
the courts. the existence of intangible
property is wholly ignored by this plea of
the corporations, or. at least, they deny
the lIaD1lllN OF lniS 1lIdDSIDIS pTODSTI TO
taxation. 1t has been well said. In the
complex civilization of to-day, a large por-
ton of the wealth of Il con-
sists in intangible property. and there is
nothing in the nature of things, or in the
limitations of the Federal Constitution
which restraints a state from taxing at it's
real value said intangible property. = = :
1t matters not in what this ~ntangibIe
property consists, whether privileges, cor
porate franchises, contracts or obligations.
1t is enough that it is property, which
though intangible, exists: it has value,
produces income, and passes current in
the markets of the world.
Section 4. Article Y of the Constitution
OF Missouri, provides that "All property
subject to taxation shall be taxed in pro-
portion to its value
Section z, Article X of the Constitution
provides, "All laws exempting property
from taxation other than the property
above enumerated, shall be void"
/ refer to these general provisions of the
organic law 20 show that in the absence
of special exemption in the constitution
itself, every class of property in Missouri
only question remaining is whether or not
provision mas been made by the general
assembly for the method of assessing the
tax and enforcing the collection thereof.
BANKING BUREAU.
I desire to urge you again to give the
Bureau IN Missouri your careful consid-
Grafton. Two or more Governors have
called the attention of the General As
semblies TO the Importance of this legis-
they now stand are crude and far from
perfect. Banking supervision when left
in the charge of a State officer, who has
already all the work he ought to be ex-
pecte6 to do, in meeting the legitimate
demands upon him, can not but be of sec
ondary Importance to him and more or
less of a farce. The Bank Commissioner
to be placed at the head of this bureau
chn1l1d he a trained business man and