The Harrison times., 1912-01-13

The heart OF the new revenue
measure now before the people for
their approval or rejection is con
tanned in the following sections:
Section Is provides that; "The
owner shall II the assessor demands
II, fix the value Of timber on any
tract Of land, also the value OF any
mines, minerals, fossils. quarrles,
springs, or anything else on the land
that gives It n special value"
There are about 100000 acres of
timber and mineral lands In the state
OF whose timber or mineral value
ovory one Is ignorant except tho own
ers. The owners have estimates made
by 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
bought the lands on these estimates
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
stant Increase in tho value OF the
lands. But they have been refusing
20 Give the value Of either the tim
ber or tho minerals to the tax assess
ors. There IN no law to force them
10 do II and the assessors NJ RUE
have been assessing such lands at
nbout what they would bo worth for
agricultural purposes only An oQuit
able assessment Of this property
would within itself mako n vast In
croase IN the states revenue
The following sections need no com
ment, as every taxpayer will under
stand tho Justice and Importance OF
each Of thom'
"scctlon 10, Every merchant shall
mako and 0lo with the assessor llst
IN which he shall set forth distinctly
81. The average yNluo Of merehon'
disc carried during the year immedh
ntely preceding the first day OF Feo'
ruary of the year In which the assess
mont Ia made, II he has not been In
business for year then he Sh0ll
mako the average value during suoh
tlme that no has boon no onRogedi II
ne bo commenclng business then ho
shall tako the yaluo Of tho morchon'
disc In stock ot the time for ossoss'
mont. 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
cludod,
90 The ynluc Of credits oH defined
IN paragraph 10, section ., hereof, DC.
longing to him and pertaining TO said
business on the first day OF February
OF tho year for which tho assessment
was made.
"S. Tho value OF furniture and FIX.
turca used In said huhlncsa
"a. Tho value Of money including
bank deposits or deposits with other
merchants In or out Of the state on
February lst
g. The value OF all horses, mules
md othor llyo stock used In soic
mercantile business,
&c. Tho value Of all personal prop
orty not falling within the class OF
ono OF above items, employed In said
mercantile business"
"sootIon a. Every person or com
pany engaged In tho business OF re-
eolylng property IN pledge, or ~ no.
urIly for money or anything advanced
to pnwnor or pedgor or as security
for money a' Opg other thing cd.
yanccd Ia pawnor or plodgor shall
annually Rt the time by this act pre-
aerIbed FOR the assessment Of per.
eona property return, under oath, all
property pledged 20 and held by him
ms pawnbroker, to the assessor Of the
propert county who shall list ann
nssess the same to such pawnbrokor
NJ Its true and full value Pawn
brokers shall make returns upon the
IietB prescribed by law for mer'
chants"
"seotlon rs Every nerson ongngod
IN the manufacturing buelneoe shall
MAKO and nlo with the aseosnor n llst
IN which he shall distinctly set FORTH
ri, Average value OF all materials
purchased, received or otherwise held
hor the porpoSo Of being used In any