The Farmington times and herald. (Farmington, St. Francois Co., Mo.) 1902-1905, 1903-01-15

cst tax rate of auy state of the linton.
The credit OF the state Is unsurpassed
even by the national government ImUi.
grafton s. pressing into our state.
Churches and schools are multiplying In
every arena OF business Ne there ~ ur.
tiVity and advancement Already our dl.
vcrEihed and upulcnt resources have at
tractcd the most favorable attention Of
the people OF this republic aud Of the
world Missouri is the Industrial prodigy
Of the great valley ct the Mississippi
Carved out OF that magnificent domain
which the Statesman -hit ut Thomas JEFF
fcrson gave to the American nation our
state IL already the focus NJ vast and
increasing commerce In our chief metro
politHn city. at the great Worlds eNposi-
tinn, Missouri Will marshal display OF
resources without "a superior and hut few
equals Indeed, IL is almost beyond the
ken of Imagination to fully grasp the
mighty possibilities of this wonderful
state.
The condition of the state treasury Is
most satisfactory, ON the LIST Of January.
1901, there was an available cash bal
nncc In the treasury of N,WS g3l 80 belong
ing to the various funds. which total
included slT9,222. 10 belonging to the state
revenue fund. and s2l7323.i5 TO the state
sinking fund.
The total income of the treasury. from
all sources, for the two years ending jan
uary /. 1903. was so. $50. 20: the total
disbursements for the same period being
s.. 81. .3ss.5s. The balance to the credit OF
the various funds on January /. 1893 was
81, ,s9S. zoe II. OF which $56S. .7ilW was credit.
ed to the state revenue fund and &=0,-
2O 3S to the state sinking fund.
The receipts OF the treasury show
steady growth. due In most most part &C.
the income arising from the beer in.
spection fees and the natural growth and
increase In the taxable wealth OF the
state.
Beer Inspection Fees.
The fees collected under the modified
beer inspection law passed by the last
nf
which faol, ,4lB accrued prior TO the pass.
age of the amended law, aud S569,2 &c
since that law became operative. Tho
average monthly receipts from inspection
fees Is In excess of S25O This law has
fully yindieated the Judgment of those
who favored Its enactment and has
proved to be popular and benehccnt
measure.
"whisky Tax"
The "act to provide for state license
tax on distilled liquors, Including whisky,
brandy r,ys rum GIN onG and m n1Sd inS spirits Of
liquors." etc, has been declared unCon.
stitutional by the supreme court of Mis-
Prior to the decision of that honorable
body. the special license commissioner col,
lected $50. 1926, under this law This
money has been paid into the state treas.
ury.
Taxation of Franchises.
The franchise law, enacted by tho last
general assembly, has greatly simplincd
the assessment OF public service corpora,
tions While franchises were In fact as
sessed prior TO the passage OF this act
grave uncertainty existed as to the power
OF the state to tax this class OF property
under the then existing laws. The new
law leaves no question as to the legality
OF the assessment. The assessment OF
public service corporations has reached
2O.0oo.0oO, an increase In the past tive
years of f1.b00.ooo or more than fifteen
per cent. while the increase IN the assess,
ment Of real and personal property fut
the corresponding period " scarcely Ave
per cent
Collateral Inhe ritance Tax.
The constitutionality of the act provid,
Ing for the taxation OF collateral I'm.
herttances. leRacies. eifta and convcyances
In certain cases. to provide revenue for
educational purposes. for the maintenance
and support Of the Missouri States uni.
versity and its departments, has been
sustained by the supreme court
The first payment into the state treas
ury under this statute was made on the
2lst OF January. 1900. Since that date sH7.-
03i57 has been received on this account
f3i1. GO being apportioned to the State
university and SSY. .i0J ~ to the Rolla school
OF mines.
The last general assembly Appropriated
1901. 700 of this tax for the benefit of the
State university and $1,000 to promote
the interests Of the school OF mines nj
Rolla, These appropriations were addi-
tionai to the 1854, 100 appropriated from
the state revenue fund TO meet the sal
aries and current expenses OF both the
university and the school OF mines
II is estimated by State Auditor Allen
that the income to the university and