Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1903-05-14

VICTOR
Wins Its Pointon Tax
ing Of Railroad
Bonds
Senate's Conferees
Back Down From
Their Position
Uniform Taxation Of
All Property Sureto
Become a Law
Madison, May II,

MADISON, May IL,
Railroad property Is to be assessed
as other property and will bear the
same rate of taxation as the average
paid by the other property OF the state,
Bonds will not be exempted.
The senate committee on confer.
enCo recoded from its position last
night and asked that the bin be re.
turned TO the senate for formal action,
The report of the conference commit.
tee was read In the assembly and was
received with applause, The assem-.
bly, Immediately voted to return the
bill to the senate and II will lie on the
calendar in the upper house today for
final action
The passage OF the hin without tho
exemption clause Is a complete victory
for the assembly and the administers
ton, There was a great interest TAX
en- in the work OF the committee ana
when IL was announced the admits
tlattOn forces regarded Ia as
n vindiCation of tho position which
they have taken IN regard TO the bill
Gov. La Toilette was SO Interested
in the measure that he waited In hts
Office until late hour to learn the re.
suit, There was more rejoicing In the
executive office than there has been
at any time this session, The govern
or showed plainly that tho result on
the work Of the conference committee
met with his approval
When the assembly committee pre-.
scented its report Mr. Bradford and sew
eral of the leaders came to Chairman
Smallcy and congratulated him upon
the work of his committee. Speaker
Lcnrout expressed himself us pleased
with the result rs did also Mr. Cady
and n number of others. The temper
of the members was shown In tho
spontaneous outhnrst OF applause up
on the reading of the committee re-.
port ms follows
The accompanying senate statement
Is n reply to the statement of the ns-
somLly Conlcreos submitted Saturday
The reply Is lengthy and concludes as
follows:
Senate confereos are in accord with
assembly conferees In their utmost
desire to stand upon the broad princl.
pie OF the equal ana Just taxation of
each individual and every corporation
Assembly conferecs Tcteratc the
constitutional question raised by them
in the informal conferences already
held by Joint committee. Senate con.
fcrees express their regret that their
suggestions that the tax commission.
ers and the attorney general be called
to the aid of tho Joint committee were
not acted on.
Senate conferees have relied upon
the reports Of the tax commission and
upon the fact that the amended bill ii.
self was prepared and recommended
by the tax commissioners as sufficient.
~ assuring that the bill was not open
to constitutional objections. Senate
conferccs do not agree to the position
taken by assembly conferees that the
exemption of the bonds Of railway
company. secured upon It's property
fully taxed ms other property is taxed,
would invaldate the bill; nor 10 they
agree that the amendment In question
would justly give rise 10 "A charge
against this legislature Of enactlng
inequitabe class legislation. Never
theless senate conferees state that
they deem II urgently necessary that
every doubt that any member OF the
Joint committee on conference may en-
terrain respecting the validity OF the
bill be at once dispelled, Senate con.
ferees therefore agree that the senate
shall recede. They ask the immediate
return Of the papers TO the senate for
the purpose Of carrying out this agree
ment."