Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-01-10

article. We cannot hope to secure all
that Is desirable In our initial venture
for reform. Looking tho facts In tho
race, wo have to admit that the State
must be provided with at least s7,o0O,-
600 annually. Within that limit II
ought to be possible for us to keep
our expenditures for Il year or two
POINTS TO ADVANTAGES
OF SEGREGATION PLAN
10 provide this necessary sum of
money under Segregation" plan. NO
,"nhot cut our tax rate before cor
tain point, unless we be forced 10
'iiahe an excessive demand on the
citieS ana counties as an inauguration
"niess. Ihis the most ardent advo-
"a segregation does not want
~ happen, indeed those of us who
favor segregation" do not believe
'n'i' AFTER 1916 such n demand Will be
~, -, az necessary, or If so. the amount
VIII be an almost negligible sum.
ne' us sec how this necessary, in
..' oaae may be secured for 1915, under
segregation" The cxpericcne OF other
S'ate where the tax on tangible. 49,.
peeil materially reduced. gives promise
vi what we NAV expect Our peonIn
ousht not 10 object, az BEGINNING
10 nm annual rate. to tho State nlons
~ 90 cents on the 800 value OF ali
Intangible property. money excentod
the rate on which is now On cnn,n
the 500. @e"'S On
WHAT STATE WOULD GET
UNDER PLAN PROPOSED
rranted. ] think. by experience NJ
sister states, our return OF s1313171oo
a'ues IN intangiblcs for 1914. exclusive
ea,n 'aoncE. ought to be increased to
2'o.oOo,ooo in 1916 at 75c This vii
yield In tax s1.S75.Ooo.
The gross abuse of tho Law /,
the returns for business H.
ccnscs, when corrected
promise for 1916 to yield. ST non ooo
Innnn 1910 100000
Income, 1915 .......... pm nm
Banks. Iss0o0
T,,'.s, i'iV ..'.... $4,000
corporations. Franchises and
roinns STOCK 1916. ........ 1.4oo, 900
Hi isutahce companies. 1916. 100000
clerks OF courts of record,
:, iyIe .,;;.............. 100000
fed in report OF committee.
1919 $4,000
Iotai neutrality-suspicious.. 665, 900
In making UP estimate OF probable
receipts for 1916 have not Included
any amounts from dispcnsaries, LIQUOR
licenses or amounts to be realized from
automobile licenses
This estimate leaves n deficit of saas
600 under the $1,000, 900 required. Is
THIS amount Is required to be Maid h,
the counties and cities 1t will mean that
the 100 counties will he called on to
pay about sl36,3o7 and the cities Will
he called on for sl9S,693.
MEANS NO ACTUAL
Loss TO COUNTIES
Does this mean an actual loss TO the
counties? Let US sec. IF the counties
choose to add the State rate, 35 cents
To their local rate, even on the basis
of assessment for 1914, their gain will
he:
On real estate. .sl,os4.4ss "a
oh tangible property..... 2S0,412 SIS
Total ................ sl.364.9OO IS
Deduct for loss on intan-
gible property. .........s 4S9,193 o5
bdldnCe S75,707 GO
Conccdc to counties that
portion of tax on rolling
stock under the law now
being contested; amounts 35o796 rs
showing gain OF. .......S 515,9l0 81
None OF lis as individuals can get
what We think we ought to have, or
may want, why should we as State
county or city expect 1t. Nor can we
hope TO go forward toward the desired
goal OF reform and Justice. unless those
who now enjoy adva ntages over others
are willing to concede some OF these
advantages. Let us have confidence in
our General Assembly. that they will