The Red Cloud chief., 1902-10-17


affairs are serious and some remedy
must be provided. What shall II be1
Tax Sinking Is an evil OF great mag
nitude and is. to q great extent. re-
sponsible for this state of affairs.
Stringent and searching legislation
should be enacted, making 1t irnpossi-
BILE for the man whose property 10
largely invested in stocks and bonds.
notes and mortgages. to conceal from
the assessor his holdings. A fair valu-
alton should be placed upon our prop
erty OF every description. rs provided
by the constitution. The coming lcgis-
lature will undoubtedly take up this
question. which has come to be one OF
the most important subjects FOR lcgis-
lation on account Of the facts to
which l have called your attention.
Railroad assessment
In the assessment OF property. the
property of railroads and other corpor-
ations, should be assessed at such
rates as will insure their bearing their
full share OF the burdens OF the state.
More than this we have no right to
ask: less than this woul be unfair
and unjust to all other classes OF
property. The republican state convcn-
ton used the following language In this
question:
THE franchises. as well as the tangt-
bic property of all corporations should
be assessed so as to bear their just and
due shares OF the cost OF government,
state. county and municipal, the same
as other taxable property as contem-
plated by the constitution"
That IL the position OF the republican
party upon the question. l accept Il
and stand upo II. 1t seems to me
that the true basis for the assessment
Of property Is what It Is actually worth
In the market and not simply what
II would cost to replace at the present
| l.,A 800 ,h@ Ia Id. N. ,A-A 49,.
built. 1t seems easy for some to set
tie this and other kindred subjects OF
the spur Of the moment but decisions
which AFFECT seriously the interests OF
the people should be reached only af-
ter the most careful and painstaking
investigation of all phases OF the aues-
tions involved. SO that equal and exact
Justice shall be done to all.
Just to All.
Having been nominated for COVER
nor upon the republican ticket without
having given any pledges to any In
terests in order to secure the nomina =
ton, and having kept myself in that
condition., entirely untranmelcd, I am
In q position to say that II elected. to
the extent of my ability. In dealing
with these questions. | shall be gov
erned only by what | hin TO be fair
Just to all. No man can afford 10
assume these grave responsibilities and
be dishonest with his own conscience
nor with the best interests and well
fare of the commonwealth, and should
be fearless In right doing. The fact IL.
II is a financial sacrifice for n business
man to assume such responsibilities,
but men should not live 10 make
money alone. The nation. state, church
and all other agencies have a RICH. to
ask OF any citizen that he should give
them his best service. and the citizen
so chosen should feel honored that he
Is called upon to act in such capacity.
permanent school FUNDS.
r,. ,,ost,o, 30 son, tho nor,,no,,
sonne, ttu,as -, ~ o, 80 ho snras
T., tn,.oatnS ., a. "y e,Iav-
ing ones with which executive officers
have to deal, II IS of vital Importance
-"
70 the scnoDl interests anu diso WouIu
II 1t were possible to keep his fund
invested in such a way as 10 leave but
a str sanai' nuianet ,hn III ms nInus at at any
present constitution. this is extremely
allowed to invest this fund in United
states or state Securities. or registere !
county ponds OF tnis statc. III. LIZ thhee
treasurer was allowed to Invest in
NJ our owp state and the stat bonds
80 81. 80, - CO ,hat n 10 an
VI s'u. i
might be PASSED ai!oWing tne oalsnce,
II any. remaining In the lands or the
treasurer to be deposited in depository
irnro,od
""p'''u
Administrations Compared.
Under the present conditions. with
both ~surers hammered nike bv the
A.
IeS,Ilct'ohs Oh tne CONSTITUTION, 'us
iolIoWlng Cooperative statements OIL
the results o. the nanulIlg or the per-
manent schoo fund by a former state
treasurer, Mr.. Meserye. and the pres.
an, ,raasrar NJ s,n.tar ,riiI ~ -,
ent treasurer Mr. stueier' VIII De Oh
Total collections from all
sources by Messrye .,,,..,..S 81. 73s. oa4 81
Total collections from ali
sources bv Stuefer q a0G AT 4,
800
Collections of Stuefer exceed
Total diaburse.nts faii sonrcesI
Meserys 3. 5a5L 500 Al
Total diShlrae' uta (an Spurceal
Stuefer 49, r COO Off 4.