The Green Forest tribune., 1911-12-22
MONEY ELEMENT WOULD HAVE TO STAND SHARE

The heart of the new revenue measure now before the people for their approval or rejection is con- tained in the following sections:
 Section 15 provides that:> "The owper shall, if the assessor demands V the value of timber on any
 land, also the value of any
 Nminerals, fossils. quarries,
 pr anything else on the land
 it a special value"
 Ngbout Is ,00O,0O0 acres of
 mineral lands in the state
 Timber or mineral value
 <ee is ignorant except the own [The owners have estimates made y expert engineers of every foot of timber, every ton of coal and of every other mineral on or under every acre of land that they own. They A bought the lands on these estimates 7 and are receiving dividends on their investments accordingly, either by the operation of mills or mines on the land itself, or by the rapid and con- start increase in the value of the lds But they have been refusing D give the value of either the tim @>sf or the minerals to the tax assess rs There is no law to force them 10 1t and the assessors as rule been assessing such lands at yhat they would be worth for #ural purposes only. An equit- Assessment of this property
 eithin itself make vast in-
 Nthe states revenue.
 s-)wing sections need no com
 every taxpayer will under .she justice and importance of ,ych of them:
 "Section 16 Every merchant shall make and file with the assessor list h which he shall set forth distinctly "1 The average value of merchan- disc carried during the year immedl- ately preceding the first day of Feb ruary of the year in which the assess ment is made; if he has not been in business for year, then he snail make the average value during such time that he has been so engaged; if rie be commencing business then he 4aII take the value or CHe meTcHdu- se in stock at the time for assess tnent No deduction shall be allowed because any part of the good carried have not been paid for. All goods carried on consignment shall be in tcluded.
 \"2 The value of credits as defined paragraph 13, section 5, hereof be- sing to him and pertaining to said NNe spn the first day of February
 gr for which the assessment S.3i The value of furniture and fix Xlres used in said buhiness.
 A. The value of money, including ~sSbank deposits or deposits with other merchants in or out of the state on February 1st
 N"5. The value of all horses, mules sd other live stock used in sae ssntile business
 SThe value of all personal prop
 >,falling within the class Of
 E items, employed in said
 1ieaDusiness.
 soection IT. Every person or com Nv engaged in the business of re- Sing property in pledge or as se- %.sity for money or anything advanced Eo pawner or pledgor or as security Nor money or any other thing ad- yanced to pawner or pledgor, shall annually at the time by this act pre- scrbed for the assessment of per sonal property, return, under oath, all property pledged to and held by him as pawnbroker to the assessor Of the propert county who shall list ana pssess the same to such pawnbroker Fat its true and full value, Pawn brokers shall make returns upon the lists prescribed by law for, mer- chants"
 "Section IS. Every nerson engagea Nin the manufacturing business sbal knake and file with the assessor a list 1n which he shall distinctly set forts: "1 Average value Of all materials purchased, received or otherwise held - For the p.rpose of being used in any