The Tucumcari news and Tucumcari times. [volume] (Tucumcari, N.M.) 1907-1921, 1910-07-05

IL or not. There is just ~ much skin
in n boxing contest with soft gloves,
aud lots more brutality in a wrestling
match or a football game, 80 that the
people can get what they want anyhow.
IL viii he mighty hard getting a
jury that will convict that Colorado
man who killed his neighbor who per
sisted in keeping II photograph run
ming after u reasonable bed time. III
anything will Justify murder II is a
photograph owned aud operated by
that kind Of a mau.
OF course | am in favor of the short
est possible constitution. hut there are
times when ia my heart OF hearts !
wish that the document might be made
10 include some of the reforms that
are catching on in diherent parts OF
the world. II ! were n member of
the convention | would certainly work
hard for "a sweeping change in the tax
NNNltHi, buN ~ " ~ lH'N WIZ "" very
well If they get the simplest kind of
an improvement through. BY all means
here should be a provision in the
charter allowing for a future adop.
ton of the single tax aud possibly be.
fore IL il time for that of the German
increment land taX. The Germans
ha,' ht IN a mighty good idea ~ thar
law. aud it, IN story To date - inter.
rsf'ng. When the great financial t'
farm oi thc German empire VS. "al.
ri'd ~ .lulv iast, the majority IN ~"
diet insisted on the introduction of an
imperial tax to be levied from the un
earned %increments at ammovable prop.
erty. The government was inclined 10
leave this source of income To the
municipalities. but in the end yielded
aud promised To lay Il bill on encre-
ment value duty before the diet at the
latest on April !. 1911. With remark
able promptness this supplement of the
financial reform has now been publish.
81 and deserves high praise for the
iucidity If the principles adopted.
There is nothing like the official valua
ton proposed in the English finance bill
~ "A preliminary of the imposition of
duties on land values for April 30. 1909.
The German bill simply states that the
increment value 10 he taxed will Ice
the difference between the selling price
at real property aud the last consider.
alton paid on purchasing the same.
From this balance the seller who is
liable to pay the duty may deduct the
cost Of such buildings an ameliora
tions as evidently have enhanced the
value of his property, the unavoidable
expense of sail. and. in ease Of his
buying untitled ground and bringing
u under cultivation. the interest of
four per cent per annum. As in Ger.
many a compulsory registration OF
sales of land was already IN force more
than sixty years ago, there IL no diff
fculty in oscertaining the circumstan.
ces in every single ease. The norma
tive rate Of duty and upon increment
value of amy land starts with five per
cent. but rises IN progressive proper.
ton up 10 twelve per cent il period Of
thirty years il taken as the regular
interval between one transfer Of an
estate and the succeeding one. Ii the
change of hands goes on more quickly
au additional tax is levied, again in
eontroverted proportion to the length
of interval. There can be no doubt that
one Of the chief considerations ~ the
new bin was also 10 put n break on
speculation in landed property. The
revenue expected from this TAX for the
imperial treasury l. estimated NJ one
million pounds. That IL about 'wenty
times the amount placed in the budget
by Mr.. Lloyd. George rs yield of the in
crement value in the United Kingdom.
In Germany, moreover only one.half Of
the net income is taken by the imper.
ial government. Ten per cent is rcserv.
"a fer the particular state where the
property is situated and forty per cent
for the municipality. Thus on the
whole n yield OF two million pounds
~ expected from the very beginning.
II will be a great boon for the cities
and towns that by imperial legisla
ton TO get such an addition to their
income. Besides, they are allowed To