Arizona republican., 1913-05-05

the state last year was, in round
 numbers. $61, 1,46S527 The net. 6after
 all eXpenses-up-keep, etc, was paidn
 was $24, ,511 which shows over 70
 per cent of the gross to be clear
 profit On the basis proposed bv
 this measure, i. e. four times the net
 plus twelve and One-half of the gross
 would produce $106625. .6O7 as q tax
 able basis. Now this would show
 from the net returns from the mines the producing mines-an income of
 upwards of p per cent On the
 other hand, the net income of these
 these mines would be per cent on
 $314193,SS9, and I submit that no
 other business in the state, except
 perhaps, than the banking business,
 will show a clear profit of per
 cent, and no other line of legitimate te
 business in the United States or the
 world will show, for the magnitude
 of the business done, such profits as
 are now enjoyed by the miners of
 Arizona. and no other business can
 be. and is carried on with such sys-
 tenn and care, and such an absolute
 knowledge and certainty of the re-
 suits.
 If farms were assessed on the same
 basis as is proposed for mines, lands
 now valued at $100 per acre, would
 5e t2Xed on a basis Of $34.0 per
 ere; and the average farm for the
 entire state would not show a tax
 able base of more than $25.00. Live
 stock, the mercantile business and all ether classes of business would
 have 10 be lowered, thereby perpetu-
 atinS the present system of SWtrViH%
 to a valuation of our property that is false On the other hand, ii mines
 as well as other classes of property,
 were assessed at an actual cash val
 uation. We could show in our 5ta'e the largest per capita wealth and the least rate of taxation Of any state
 of ,he union; the two being the con- ditions that would appeal to the thinking people of the United States
 most strongly. Therefore, l do not feel that l can be true to the people of the state by supporting this bill in it's pres ent form. l vote no. W M. WHIPPLE. The contention has been made that the Graham system of valuation will not place the asSessable value of the mines sufficiently high. f few fig ures have been prepared from infor nation received from the state tax commission relative to amounts, compared with what amounts were assessed on mines in 1912, when it was done by the tax commission in | the absence of any expressed statue | on the subject. These figures are most interesting and are given be- l low:
 Some Figures on Mine Taxation. Total assessed Valua- | tion of mines, smelt CTS. mills. etc. with all improvements for 1912 ~ ........$ 45,1i5O O84 49 | Total assessed Valua- alton of all prop erty in the state for 1912. including mines, | etc. ~ ... 140, ,33S 19l.GS | Total assessed value of | producing mines for 1912 ........ ........ 32.S3S69579 | Total assessed value of non- producing mines. 1 n d improvements | etc on all ........... 12,307,3SS10 l Total assessed value of property other than mines and improve ments ... .... 95.193. 10G59 i Gross product of pro ducing mines for 1912 61,f6S,52 ,S2 l Net product of miner for 1912 .... ........ 2472G.51194 l Estimated value of 1 property in the state aside from mines and l improvements on the l same for 1913 on basis of 10G% in
 crease ... ... 900. GOO. 0O0O0 | Assessed value of pro ducng mines on basis
 of Graham bill (4
 times net and 1212fo of SrOsS) ...... ..-.. 1o6,3S9,61@.'6
 Estimated s Q l value of -prCduc
 ing mines and inn | provements all on 1 basis of 10G46 in l crease over 1912 . 24,612,77 1 T Otal estimated as Sesscd value of mines 1 and improvements for 1913 .. ...... ..... 1912 ,39l. .16 | Estimated increase in valuation of l property other than mines and inn provements is about 100 per cent 1 more than in 1912. 1 Estimated increase upon mines and l improvements is almost 200 per cent l over 1912.
 l The big thing in the house this 1 week will be the appropriation bill, | which has already been agreed to-, 1 and needs but the vote of the house | on final passage to send it over to | the senate. When the senate gets 1 the bill more fuss will likely result. | There are a number of minor mat | terS to be disposed of in the lower l chamber but by and large the early l part of the week will be taken up | in watching the senates action on | the mine tax.