Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1904-11-24
sxxx sye,es

'',sa3 ,t..t axXA sYsca
% sssOls9 soasn os iiatI& souS- ssssssstd,
after deducting the value OF tht buildings
owned and occupied ny the hanks,
The village of Linden returned by mistake
no bank stock, but assessed 81 ,o0G. have
added that 10 the amount returned, and have
also added STA o., which | believe shdaia
have been assessed Ms undivided profits Ia
the city OF Mineral Point. My assessment is
81 10, 800. 3tt
MERCHANTS AND MANUFACTURERS STOCK,
40l, 2as dollar. worth OF this class OF prop
erty was assessed In the county. Ia some
assessment districts goods were assessed at
invoice prices, In others DIT much less.
~ Is difficult MATER to determine the
cash value OF goods on the shelves OF n 81 ore,
heaters In that class OF goods make liberal
discount from invoice or inventory prices.
This discount Is variable, ,wing 10 character
aud qualify OF goods. Certainly no one wil,-
say from AN inspection OF the assessment
rolls and u comparison by inslection Of the
stocks of goods in the county, that the
assessors all took the same view OF the proper
discount TO be applied II stocks OF goods.
Merchants and manufacturers seem IA nave
assessed themselves. In some instances, p.n,i
seem In some cases TO have deducted their
debts from their stocks OF goods instead OF
from their book accou uts, have endeavored
TO CORE Il In round numbers these nequal-
tiles. aud believe my estimates to be much
more nearly correct than those OF the as
SCISSORS
46l,2 dollars worth were assessed.
have estimate such property In the county
at 1922, 625.
MONEYS, ACCOUNTS. NOTES, BONDS. MORTGAGES
Assessments OF this class OF property in the
different districts run from nothing In the
towns OF Mineral Point and Wyoming and
the village OF Highland. with Insignificant
amounts In some of the wealthiest towns aud
cities, up to tae little town OF Moscow, whi h
more than the city OF Mineral Point. four
times as much as the city of Dodgeviile, aud
over three times as much as the rich town of
Linden. Certainly, gentlemen, something
should be done to equalize this discrepancy.
have satisfied myself that Moscow has
returned too much; that her assessor did
not apply thu law of average credits over
Indebtedness. but am equally as we'll sstis-
fled that the other towns also hold large
amounts of this class of property, and shonld
be assessed for IL
1t should be remembered that this class OF
property includes all not.s not secured by
mortgage on lands In this state, all mort
cages on lands outside the state. all chattel
mortgages, all book accounts, ali bank
deposits, all debts due or to become due from
solvent debtors Of every kind and nature,
except mortgages on land in this state, sub
1ect only To the single exemption of average
debts owing
The average law is a bad one. 1t has
confused assessors and honest taxpayers
until in some districts little or no effort IL
made by the assessors to arrive ut the value
OF this class OF property. 1t goes under the
general name of money" and very little OF
have in round numbers, as did last year
given you my estimate OF what should be the
value OF that class OF property in the several
assessment districts. | cannot defena or
substantiate my figures. and as look them
over am tempted to change them, but
submit then TO you for what they are worth 4
TOBACCO, LOGS. TIMBER AND LUMBER. NOT
MANUFACTURERS sTOoK.
But trtling amount of this kind of prop
erty Is In the county.
ALL OTHER PERSONAL PROPERTY.
The law exempting fifty dollars worth OF
farm and garden tools, though intended only
to exempt hand tools, such as axes hoes,
forks shovels, etc, articles Of little value,