New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1902-02-19

senator admits, because he does not ex-
pect the tax code to carry. It provides
that officers Of companies, Incorporated OF
not, shall provide the assessor with
sworn statement including, in addition to
the u formation already required by ex-
bonds, IL any the bonded Indebtedness
upon which interest is paid, and the
amount of the funded or bonded debt and
New constitutional amendments were
introduced in the house. Mr.. Dunn OF
Ramsey proposes four new sections for
Section 4 re-enacts the present SECTION
recurring all property to be assessed on
a. cash val mat ton and to be equal and
uniform, a except where otherwise; spe-z
officially provided q It also re-enacts the
present constitution relating to local lm-s
Hprovements In the cities, but strikes out
be made operative by special laws. Tt
changes the Inheritance tax provision by
taxing the estate instead Of specific In
SECTION z IS designed to relieve the state
officials Of the necessity Of levyingsa state
tax each year when other sources of In
/. Section 8 practically re-snacts The pres
#ent section that makes the $500 exemption
permissive instead OF mandatory:
taxatfonso OF all moneys invested at fixed
rate Of interest, and limits the taxes 20
not exceeding Is per cent of the income
on incomes exceeding $500 derived from
f trial. professional and skiIlflI work, and
limits the tax to not exceeding per cent
i OF the EIoss amount. @ q -zs@5tsg - y ~
The following bills were passed.: 49,
Extending the provisions of an act per-
hitting heirs to complete homestead en-.
tries to thu" holders of tree claims. -
Releasing Col. Joseph Bobleter from
b ability on his bond as state treasurer.
Both branches adjourned until 10 a. m.
Thursday. ~ ~ -
St. Paul Feb. IA Neither branch was
. in session very long yesterday, all the
! work being confined to the committees
Senator Baldwin introduced a bill taxing
foreign corporations doing business in
/ surance, telegraph, banking, common car
riers and other corporations whose taxa
ton is specifically provided f2c by law.
liver to the state auditor, by the first
Of each year, a sworn statement, setting
forth the name and location Of the cor
authorized and the number of shares into
which 1t Is divided; the name and address
Of the resident agent of such corpora
amount. Of capital stock paid up; the OUT
standing bonds; the market value of the
shares of stock and outstanding bonds;
Another plan for amendment of the
constitution was introduced in the house,
and sent to join the other schemes in the
hands of the judiciary committee.
a. v.
p. Roberts Of Hennepin. He wipes out
the cumbersome section II Of article g.,
with it's elaborate regulations for the tax
ing Of various corporations.
The Roberts amendments follow to a
large extent, the plan submitted by the
tax commission, but each Of the four sec
lions drawn by Mr.. Roberts stand alone.
He permits county option in exempting
classes of property, and fixes an exemp-
ton of $500 on personal property for each
head of a household.
ST. Paul, Feb. 15-The senate yesterday
morning, passed, under suspension Of the
rules, the house bill releasing former
State Treasurer Joseph Bobleter from
liability for losses in insolvent banks
under his administration, and, providing
the state on that account be refunded.
Only four votes were recorded against it:
The senate committee on judiciary met
amendments offered since the session
opened to a subcommittee. consisting of
Senators Thompson, Wilson Somerville
those proposed by the tax commission
and those offered yesterday by Senator
Baldwin. IT, " r. Il
do not want it delayed in committee.
Now that hearings are finished, they de-
mand speedy report;
Mr.. Haugland offered a resolution this
morning calling for report not later
than next Monday, the 17th. Mr. Lay
bourn, leader Of the opposition, gave
| nOI1Ce& OIa QGDaLe, anu Tie %TGSOluClOu WoIlt
over until under the rules.
Saturday it is expected that the COM
mittee will reach showdown on the
Been b heard ef farmers have BEEN heard nar
through petitions, and many have
kavailed themselves of the invitation ex-
tended by the house. So far as any one
knows, today's session concluded the
hearings. .
A majority of the committee is favor
| able to the passage of a tax bill at this
session, and will probably agree to this
| The daily constitutional amendment ap.
peared in the house. It was introduced
bodies the suggestions made yesterday
| by State Auditor Dunn as to exemptions
The bill amends sections L, I Of arti-
ton provides that '.the power of taxation
shall never be surrendered or sus-
| pended III .l a.. r.,
ST. Paul, Feb. 17.-senator MCGOWAN
introduced q bill making positions on the
pointive Instead Of elective -
The expected fight over the house bill
releasing former State Treasurer Joseph
Bobleter from liability for money lost In
insolvent banks may yet come off. Yes-
terday the senate adopted the house
measure without discussion, only four
voting against it This morning, how.
would move for recOnside era ton where.
upon the following resolution, introduced
by senator j ID. Jones, was passed unan-
| imollsly. The resolution recalls the bill
from the house for further consideration
L Tax bill or no tax bill. 5553s
ID This Is the issue that the house com
mittee on taxes and tax laws will face
soon. Hopes OF the committee were de-
ferred Saturday by a long session OF The
house and an open session following
which lasted until 1890 Some members
of the committee could not attend an at
lternoon session, and in order to have al
l present adjournment was taken until i
q. M, Monday. 81
| The session will be executive, so fal
as the press is concerned, at least. Ths
commtttee members will be excused from
iattending5 the session OF the house anC
i will HE themselves to 8 little upper room
where they will have privacy without
secrecy. 4ss. 5a5
BRIEF M1LNlINEsoTA NEWS