The Marion daily mirror. (Marion, Ohio) 1892-1912, 1911-02-10
WILL CURE
MANY EVILS
This is w. T. Smiths Opin-
ion of the Tax Bill.
TALKS TO TOLEDO MEN
Will Help Honest Men to
Be Honest.
Following His Address to the business
Men They Endorse the Measure.
Speaks Concerning Constitutional
Convention.

The following article taken from
the Toledo News-Bec gives com
plcte account of the address deliver
ed before the businessmen OF that
city by Hon. w. 7. Smith, relative
to the one percent. tax limit bill
II will be interesting in Marion
since 1t gives the views Of the man
who is fathering the bill and Is the
head of the taxation committee IN
the house.
Representative b. w. r. Smith of
Marion, author of tho one per cent
tax limitation bill. delivered some
hot taxation facts at "A meeting Of
the Business Mems club on Monday
night.
"Toledo has to dig up 100000
900 of personal taxes before 1t can
operate with the l per cent tax
limit" said Smith.
Takes in every city in the state,
practically, show heavy Increase
over the growth IN population,
"In my home town. Marion, the
banks pay 3 per cent interest on
savings deposits, Tho tax rate
amounts to per cent. If put
81 900 in the bank and am honest
enough to return it for taxation, my
income from the 1000 will not
only be eaten up, but will have TO
dig for the other / per cent. Do
YOU wonder that money and valua-
BILE paper are not returned for taxa
tion?
Governor Harmon believes the
| time has come when tn @ extrava-
gance Of the cities must be checked,
or they will get so badly In debt
! that they will not he able to get out
! Tho machine politicians of the state
| are fighting the bill. OF course.
Helps Honest Men.
I'VE don't say that the 1 per cent
| limitation will bring out all prop
erty, but it will give men an oppor-
tunity to be honest. and / believe
that after the passage of this bill
the personal property return VIII be
as large as that of real property,
which is now bearing the burden of
| taxation.
I'm Toledo there is a personal
| tax return of sl9000,O0O includ-
| ing 5000 600 from the banks. Think
OF it. All the paper values, merchan-
disc, manufacturing stocks, machin-
| cry, household goods are worth only
| SIS, 900 900. 1t should be $l2j,00O,000 at
the lowest.
"In many cases the rate Of taxa
ton is higher than the income from
property. The result is men won't
list their paper and l question wheth
er they are not morally right in with
| holding II.
"If the reduction Of the state doesn't
bring this intangible property out
we have measures under considera'
tion that will There are millions and
millions of dollars worth of just
such property that should be brought
out, and that. we be brought out
under a reasonable tax rate ant
which will reduce the taxes of thos'
who have been bearing the burden.
"rhe bill provides that If the in
come derived from 1 per cent ism
sufficient the people Of the commun
ity can vote more if they want to
IL has come to a pretty pass In thi
country IL the people can't be trust
ed to say how much of their none!
shall be spent for them.
Offers Inducements.
1.-THE bill offers inducements L
bring out the Intangible property
All who list their property by 19l
will be immune from back taxes, bu
II II isn't listed we will go after ther
and get II.
1.-THE governor has under considera
tion bill providing for the electio
of a deputy tax commissioner, VIII
shall appoint the assessors for eac
county. He will have the right
shift them so that local Influence
will have no power over them ,Th
deputy and assessors will be give
inquisitorial powers. with the rigf
I 10 examine books Of industrial an
sftitse u H z.Gss A. 5t.fiA ass aa 4.