The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1909-02-19

assessments and the total is s13O,OOI
additional revenues that the State vii
receive this year BY reason of tn
I larger assessments. And every dolla
of this will come from increased prop
erty values, not one cent by reason o.
( any additional burdens that have beer
llaced upon the tax payers. 1t is
merely the State part Of the pros
perity that has been the portion of its
people during the past two years.
For the first time perhaps since the
! present prison system was established
the receipts from the penitentiary last
year showed a decrease as compared
with the previous year This de-
crease was considerable and was
doubtless largely due to the panic and
financial depression that prevailed
during a large part of the past year
But times have improved and there is
no reason to believe that the prison
receipts this year will not equal those
of 1907 when they reached 1864, 900.
Should this reasonable expectation be
realized there would be an increase
from this one source alone of over
$4,000 This sum added to the $780,
600 from increased property and cor
poration values and the States
revenues will exceed by 500 900 the
loss by reason of the abolition Of the
liquor traffic.
Steady increase.
For the past ten years there has
been a steady increase in the revenue
from insurance companies, from the
tax, from privilege taxes other
than liquor traffic, and from the mer-
chants ad valorem taxes. 1t is safe
also to predict that with returning /
there will be an increase
in land sales and that the State will
add nice sum from the transfer tax
No person familiar with the history
If the States fiscal affairs would be
willing to predict an increase of less
han $4,000 during the current year
rom these several sources. Hence in
lew Of all these plain facts which |
annot be successfully controverted {
nd which will nor be questioned by !
he States fiscal officers the state
lent that the revenues this year will t
OF be depleted by the abolition of the r.
quor traffic is not only proven but it T
, practically certain that they will n
how an increase Of not less than c
10000 as compared with the year r
1ding Dec. 10 last. L
Now for the fiscal year ending in IN
1910 there may be a slight d
acrease. Because for that year the al
tate will receive no revenue what q
FER, from the liquor traffic and will re
erefore suffer a loss of s320O00 as III
impaired with last year Again the s
sessment upon which the current ii
,ar's taxes are being collected will in Ii
e main be the assessment upon Of
hich the taxes for 1910 will be col
cted as the assessment upon real
tate remains unchanged for wo in
ars r III
However, the State will receive an ha
ditional revenue from the assess la
ent of personal property during the nj
ar 1910. This increase will, should va
keep pace with the increases in the wi
ST, reach at least $5,OO0,000, which to
'uld give the State an increase in ne
revenues of approximately 800
}. The natural increases from 9TH st
sources without the imposition OF We
,ent of extra taxes should equal this va
N. Thus we have $4,000 as the tn,
)bable and almost certain increase thi
revenues for 1910 over those OF i'm
%. tw
Increase After Next Year. the
from the calculation hereinbefore thi
de it is apparent that the revenues it
the current year will exceed those An
1908 by $4,000 To this sum 1ss
'uld be added the $4,000 estimated leg
the revenues OF 1910 over those Of ute
9, making a total OF 100000 The ext
) from the liquor traffic revenues dun
the fiscal year 1910 as compared in
h the fiscal year 1909 will be $780,. has
This leaves a difference between fine
revenue OF the State in 1910 and VIII
in 1909 Of only $4,000. Since the por
enues this year will be $4,000 ury
alter than they we're in 1908, the \
year in which a full years taxes ere
e collected from the liquor traffic, yea
a matter OF fact the revenues for bee
will fall short of those OF last bus