Fort Mill times. [volume] (Fort Mill, S.C.) 1892-current, 1909-12-30
WANTS REFORM
CsnphsQu-Geserl Jsaes Scores b,
CaDMatisas for
D0DCINC THEIR TAXES
He Declares That LARGE Coacer~s
Are Assesscd for Two Little, end
Aenttons Nance Of some of
fhem-Speeks n His Crittc4sn Of
Persons Of Largo Wealth.

Them-speeks s. His Criticism Of
Persons Of Largo Wealth.
1T looks as IL the malefactors OF
great wealth." said Comptroller Gen-
eral Jones recently, have set aside
tho laws and adopted a low assess-
nent and high rate. 1t catches the
wage Garner and man Of moderate
means a'eomins and a'soins"
Tho law OF this State requires
that all property DO assessed 1t lite
true vale In money" he continued
In speaking OF tho matter OF taxa
tion and assessment For the past
twenty years the comptroller general
has been hshtins for an equalization
OF property taxation both In refer
ence 70 the corporations ana tho
small taxpayer. Little has been gain
ed by the comptro}ler's Onslaught.
yet Il has had its moral efSect.
That theso 10 Inequality In tho
assessment OF street railways. power
companies and such enterprises will
be pointed out In the annual report
OF the comptroller general. Espec-
tally does Mr.. Jones direct attention
to the assessment OF the Charles
ton Light and Power Company,
which IN assessed ct IS per cont Of
ita capital stock. TIE capital paid
In OF this company Is Si,0so.ooo.
while the assessment fo< taxation
ls sss.oso.
Comptroller General Jones Is try
ing to get moro Information as TO
the lighting and power plants of the
state. In many cases tho value OF
the property was not given so tha;
II cannot be seen exactly upon what
basis the tsxee are placed. A strik-
.ns example is the case OF the Green
vile Gas and Electric Company. the
capital stock of which 10 s63.50o.
while the assessment for taxauop
is ti+3.2S5. or per cent OF the
capital paid In.
Evidently the property must be-
worth this much or Il would not
have been assessed at this rate.
while In the case OF other companies
the per cent OF capital for taxation
appears to Oomptrollou General
Jones to be much lower than i,
should bo.
The Columbia GGs Light Company
has paid In capital of 100000;
gross receipts. t63.734 aasessea for
taxation ,6o.so0; per cent OF capi-
tai assessed for taxation. sos.
some Instances Cited.
Charleston Light and Power Com
pany-Capital paid in 3l.00o.Oo0
gross receipts sllS.s76; assessed for
taxation. tss,03o; per cent OF capi-
tai assessed for taxation. ss.
Greenville Gas and Light Com
psny-Capitsl paid In s53.5Oo: gross
receipts. ,5S.047; assessed for tax
alton. tl+s.2s5: per cent OF cap tai
assessed for taxation. 26s.
Paris Mountain W4ser Company
Capital paid In 100000: Eross re.
eeipts. $4,000: assessed for ta1-
alton. sSt.6io; per cent Of capital
assessed for taxation. 49.
Union Power Company-Capital
paid in. ssoo.ooo: gross receipts
sso.2l3; assessed for taxation.
100000; per cent OF capital assess
ed for taxation, so.
Greenviile Carolina Power Com
pany-Capitsl paid In ;45o.o0o;
gross receipts. t6l.q25: assessed for
taxation. $780,; per cent OF capi.
tai assessed for taxation. 1873.
Beaufort Watervorks - Capital
pa d in, $4,000: gross receipts. 81,
923; assessed for taxation. $4,000; ;
per cent. so.
Rock Hin Light and Power Com
pany-Csp.tal. sI5o.0oo; gross re
ceipts. sIe.to6: assessed, Sa6.l25;
per cent, "a.
Camden Water. Light and Power
Company-Capitai. 100000: gross
receipts. s24.5ll; assessed. sps. ZOO;
per cent. e3.7.
Georgetown Electric Light Com.
pany-Capltal. $4,000: gross re-
ceipts. slS.SS7 assessed. $4,000:
per cent. a.
Anderson Water. Light and Power
Compsny-Capitai. $780, ,o0o: gross
receipts. tll1.060: assessed. sI2s,-
5o5; per cent. t2.s
Harsville Electric Light aad Wa
ter Company-Capital. $1,000; gross
receipts. 1896; assessed for taxa
tion. $1,000: per cent. so.
Florence Light and Power Com
psny-Capitsl. $4,000; gross re-
ceipts, sl4.1s7: assessed, sII.5OO:
/ per cent. 20.
Columbia Electric St. Rauva,
L. and Power Company-Capital
100000: gross receipts. sIOs.1se:
assessed. ;l5o.ooo:' per cent. 1873.
These assessments are taken from
the annual report OF Comptroller
General Jones. The compilation
however. is not yet completed and
IL " II be noted that some companies
are omitted in tho above list. In.
formation as to the Southern Pore-
Company has not yet been received