The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1914-01-02
TEXAS ENRICHED BY MILLIONS
TAXABLE VALUES FOR 1918 >sHov
INCREASE or $14s,25e,6os,
Proportionate Increase in New Cor
porations, Banks, Bond Issues In.
dustries and improvements,

It's wealth in Texas This, the rec
ords OF the controllers office prove
conciusiyeiy, taxable values this wear
SHOW an increase of $14S,256696 over
those of 1912. The total from all
counties amounts to $3.50, $3.50 .74S-
an increase of $62,232,578 over the es.
Inmates made by the county tax as
SCISSORS last July, when information
was asked by the automatic tax board
upon which to build the state tax rate
BY that board the state tax rate was
fixed at 23c. With the increase in
valuation under that rate, the state
Of Texas shopld collect for the gen.
eral revenue $143,364 more than the
state tax board figured upon, or q
total of $6,166,223.41.
On the lie educational tax there
should be- levied $4,557,6 43,39 for
school maintenance. On the &C spe.
cial Confederate pension tax there
should be levied $1,94O,4S3.35.
The ad Valorem, school and Confed-
crate pension taxes make a total of
45c. On them should be levied taxes
amounting to $12,O64, 350.15. Of the
whole 20 per cent must be allowed for
assessment and collection and delin-
quencies, leaving the sum of $9,651,-
4SO.10 that should come into the state
treasury from direct taxation alone,
while S2,412,S7O.O5 should go to the
tax assessors and collectors or will
never be collected.
Making due allowance for the cost
of assessing and collecting and delin-
quencies the ad yalorem tax should
net the state $4,493, 978.73, while ST.
233,244.68 should go to the collectors
and assessors or be a loss. Of the
other taxes, the school tax should
bring the state, net, $3,656 ,14464, and
$9O1,528.65 should go to assessors and
collectors or pc loss. The pension
tax should be, net, $1,072,3S6.68, and
S268,096.67 should be expense. Here
tofore the state has appropriated
100000 year for Confederate pen
sions and the tax practically doubles
this allowance.
With the greatly increased tax rate
this year-it is now 45c against rs 2-3c
the year preyious-the receipts of the
state this year for November would
be 100000 more than they were for
the same month last year and the
state officials believe that so far the
tax collections have been very poor
in Texas. With the flood that has
swept over the state they are not
oyeroptimistic as to the ability of the
collectors to get the money in the fu-
ture.
1t must be understood that in addi-
ton to the ad valorem taxes the state
gets between 100000 and 100000
from franchise, gross receipts and
other taxes each year for the general
maintenance fund, while the available
school fund gets, besides the direct
school taxes, the interest on practical
ly $19,OO0,000 worth of bonds, por-
ton of the poll tax and liquor license
payments, etc.
Any observer will note from the
fast increasing taxable values Of the
state that the state of Texas is grow
ing. It's business is growing in pro
portion.
For instance, in the fiscal years
1911-1912 the controller issued 1926
warrants. In the fiscal year 1912-1913
Al, 1923 warrants were drawn. In Sep
TENDER, October, November and De
cember of 1912 11,433 warrants were
drawn
During the same period this var
1900 warrants have been issued.
During the fiscal year 1911-1912 S.
179,O96.66 constituted the general ex-
pense of the state government. Dur
ing the fiscal year ending Aug. 81,
1913, the general expense has been
S., 995,O51.27.
From the department of state
comes the information that Texas on
the first day of January, 1914, will
have 1000 more domestic and foreign
corporations than it had on the first
day of January, 1913; that there are
now 1900 corporations doing bust
ness in Texas, of which $500 are do
nestle and 1900 are foreign. That
can give no accurate in
formation as to the franchise tax col
lections for the calendar year, but
knows that there has been great
growth. During the last fiscal year
SIPS, 900 was taken in. from franchise
taxes and turned over to the treas
urer.
During the year 122 new state
banks and banks and trust companies
have come into existence. There are
now in the state banking system 800
institutions, while there were only
1874 when the year began.
On the first of the year there was
s707,877 in the bank guaranty fund
MT ED dnr ~ 1o4A fhera will he |