The interior journal. [volume] (Stanford, Ky.) 1912-1984, 1914-12-18
tended by the companies that tht

value by the present board), and that
| the assessment against farm lands
| and city lots must be raised before
the assessment against the property
| CT the railroad companies could be
, increased.
/ do not believe the farm lands OF
+; this state are generally assessed for
| taxation and valuation as low as one
half of their real value. If the value
F! OF the farm lands of this state should
! be estimated by capitaliZing the net
| income derived therefrOm on the
! tasiS OF per cent. which method Is
! employed to find the value of railroad
! property. it would be demonstrated
! that real estate at present is assessed
at approximately the full value there
Of In other words, if the same mode
| OF method of ascertaining value
should be applied to find the value OF
real estate it would be shown that
| zeal estate is assessed at its full
value The court. preliminary to is
! suing an injunction, required these
companies to pay on valuation
! Greatly in excess of any sum they had
paid on in previous years. The aggre-
! safe increase in the amount OF taxes
raid by these companies in the year
1872 over the year 1911 was about
$3.50 In the years 1913 and 1914
a like sum was collected from these
companies. During the three years
of my administration these four COM
panies have paid to the state $31o.OO0
more in taxes than was paid by them
during a like period of time under the
administration Of my immediate
! predecessors These suits now pend
! ing, when decided. will determine
/! finally the amount of taxes these conf
| panies will have to pay annually to
the state in the future. and the ques-
| ton OF the real value of this property
| will no longer be open to discussion.
1t is important that the question OF
| value of these franchises should be
jrdicially determined and forever sci
/ ted. because the belief has prevailed
in this state among all the people fol-
some years that the big corporations
CT the state were always active Iii
/ politics of the two dominant parties
| in the state, with the end in view OF
being favored in the assessment OF
! their franchises. With franchises OF
corporations assessed at their real
! value. as they should be, the corpora
tons will be taken out of politics in
this state, as they ought to be.
81, For he o.t
three years ! have also been mem
Der of the sinking fund commission
OF the state and having information
gained while acting in that capacity.
| believe | am thoroughly familiar
with the fiscal affairs of the state.
| am i'm favor of and. il elected.
will advocate the passage of law
that will require that all state sup
plies used at all state institutions to
tie purchased by the competitive bid
ding system and that the lowest open
bid for supplies furnished all institu-
tons be accepted, and l believe the
state could easily save 100000 a year
by inaueuratins such a system.
am in favor OF and will work for,
t. elected governor. the establishment
of a system of taxation that will be
fair and just to rich and poor alike,
ard that will cause the listing OF per
scnal property for taxation. which
Low because Of the rate of taxation
l., many taxing districts. does not pay
any taxes at all. and that will place
the burden of taxation where it be
longs. on those best able to bear it.
am in favor of sucn legislation, or
CT constitutional amendment, if
necessary. TO put a fixed and definite
limit upon the rate of taxation in
Kentucky. step watch l believe
will cause our officials to follow poi
icy OF economy and efficiency in the
handling of the peoples funds.
am opposed to me convict labor
system and favor the abolition of the
present contract system and the elm
, !natiOn of the competition with or.
yaniZed labor that is the direct result
OF it ! am in favor OF the use of con-
victs to produce what is needed by
the state institutions and of the pur-
chase of a farm on which they may
| la Dor in the open air to produce the
! foods needed in these institutions.
am in thorough sympathy with
the farmer having heen farmer and
living on a farm all my life. will do
all can az governor for the great
agricultural interests OF Kentucky
and the men and women engaged In
ii As long as the farmer is pros
ferrous every other interest in the
state is prosperous. and all her peo-
pie share in disaster to them as we'll
as in their prosperity.
II am elected governor | will co
ell can 10 further the good roads
movement, and all that is possible to
secure liberal appropriation for the
schools and their continued improve.
, ment.
If the people want for governor OF
the state man who will devote his
fine and what talents he may have
entirely to their welfare. without re.
.ard to any future political prefer
n.ent flor l believe there can be no
iigher office, certainly no higher hon,
CT. than the gOvernOrship of the state
in which WIS born and reared), then
] want the nomination. There 10 40
reason why the officials of the state
should fail to give to the state the
same devotion to duty as Is exacted
ty any business corporation of its
employees. and l promise the people
not only 20 devote that time mNself