Herald and news. [volume] (West Randolph, Vt.) 1878-1943, 1903-12-03

I
Iargar than their wealth; and those
few are generally our young men VINO
buy farms and are just starting IN ne,
and need all the available cash thatt
they can command to pay interest and
meet their payments as they become
dine without paying taxes on "watered
stock and we all ought TO know that
sncb a law puts an injunction on our
Young men buying farms, and tends 10
! drive them ont OF the state INTO manu-
featuring centers where they work for
wages and perhaps never have home
of their own.
Following are the amendments and
| ask the readers OF your paper to keep
them. and read them carefully. Pom
der them well. and if they are defective
try to make them better. Pledge
vour next lawmakers to vote for such
a change. and see that such a bill Is
introduced in our next legislature.
Poor Jones has suffered long
enough.
Sec. 407 reads as follows
SEC. 4O7. A person taxable for personal
estate i'm more than one town who wishes
10 claim q deduction for debts owing,
shall insert answers to the interrogatories
addressed to persons claiming such de-
ductions only in the inventory returned
in the town where he resides.
Amend the above section by omit
ting the words, ''tor personal estate,
in the first clause OF said section.
SEC. 40. The taxable personal estate
contained in the inventory shall be APP
praised bv the listers at its value IN money
on the first day OF April and the lister
shall appraise each item OF such property
at such sum as they would appraise the
same in payment Of just debt due from
solvent debtor, having regard 10 the cur
rent value of such property, and the sales
thereof. other than auction sales, in the
locality where it is situated. The listers
may appraise debts due or TO become due
from insolvent debtors at the valuation
placed upon the same by such tax payer,
or may examine the tax payer under oath
as TO such valuation and may appraise the
same as they deem just.
Omit the word personal in the
first line OF Sec. 40
SEC. All. The listers shall deduct from
the appraised value OF such personal estate f.
a sum equal to the excess, il any, OF the |
debts owing by such taxpayer over the /
aggregate amount Of his United States /
government bonds and other stocks and /
bonds exempt from taxation by the laws /
OF this state, and the amount OF his depOs- /
It's in all the savings banks savings insti- |
buttons and trust companies in this state /
1r elsew here, not exceeding two thous- /
and dollars. and shall take one per cent Of /
.he balance as the list OF the personal es-
ate Of such taxpayer.
Omit the word personal where IL !
irst occurs In See. Ill. also change the /
word personal" to taxable al the /
md Of the same section.
SEC. Az. II person duly filling out,
wearing to and returning an inventory 10 I
he listers OF the town i'm which he resides
s taxable for personal estate in any other
own in the state and claims a deduction
N account OF debts owing. the listers Of
he town Of his residence shall ascertain
he amount Of deduction to which he is
ntitled, and first Offset such deduction
gainst the appraised value Of his personal
state in the town Of bis residence; II the /
mount OF deduction to which such tax
aver is entitled is in excess OF such value
he listers shall, at his request, certify the
mount OF such excess or any part thereof
0 the listers Of such other town as he may
esignate, in which he is taxable for per
onal estate, and the listers In such other
own shall deduct any amount SO certified
b them from the list OF such taN-payer's
ersonal estate in such town IN he has duly
He'd out, sworn to and returned an in
entory to the listers Of such town.
Omit the words ''tor personal estate"
D the initial clause OF Sec. AZ: also
NIT The word personal in the mid
le OF same section; also omit the
lords ''ior personal estate" where they /
Ist occur in same section: also omit
ne word personal in the final clause
( same section.
1--WE do solemnly swear that we have set
own all the real estate situated In ~
,wn Tor cityl OF and nave I
praised all additions, and have made an ,
eductlons required by law, according to ,
ne best OF our Information, and that the
'reBolhg INST contains true statement of
le aggregate amount Of the taxable per-
nal estate OF each person named In such
81, according to the best Of our informa-
on and belief"
Ana the grand list shall not be legal I'M
IS completed, sworn to, and deposited in
le clerk office as provided in this sec
Omit the word personal in the
oath" Sec. 432.
SEC. 433. The list when complsts5 !
lall contain the following particuiars.- J
!. The name OF each taxable persop
ii. The amount at which sueh nor 3
ms poll rs set in the list. Z
H. Inc quantity Of real estate owned y
, such person, specifying the class To :
men II belongs, ana the village. school .
10 ,i hre district In which il is situated.
~ The value Of such real estate.
v Inc value Of such PERSONS person-
estate taxable in the toVn, after deduc-
on made for debts owing.
~ ne sum obtained by adding the
~ II any TO one per cent OF the vaIne ~ :
4, person : real and personal estate. Y
H. The amount Of dedurtinn 10 bo .
l ,''.. rom such PERSONS list, If any, by 3
, e',l OF the exemption Of his poll or 9TH \
Clause V Of the above section sbould <
amended to read as foIloSs:-IS
v. The value Of such PERSONS persopst :
ave taxable in the town. also tbsI
iouht OF both personal and real estate q
q, 4, deduction made for debts owing 4
Amend Sec. ass, after the seventh
&c o. the abstract to read as follows
tai amount Of real and personal u
estate, after deducting for
debts owing,
:. Psr cent Of taxable estate,