The Hartford herald. [volume] (Hartford, Ky.) 1875-1926, 1915-01-20

PoP1ity VI t0S IaliFOu0 COnD8AA
was assessed at more than its rel
value BY the present bosrd). and ~
the assessment against farm lands
and city lots must be raised before
the assessment against the property
Of the railroad companies could b
increased. ~N
do not believe the farm lands of
this state are generally assessed for
taxation and valuation as low as one.
half Of thsir real value. II the value
Of the farm lands Of this state should
be estimated by capitaliztng the net
income derived therefrom on the
tasis Of 9 per cent, which method 70
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, II the same mode
or method OF ascertaining value
should be applied to find the value Of
| real estate II would be shown that
zeal estate is assessed at its fl
value. The court, preliminary to ID
suing an Injunction, required these
companies to Ray on O valuation
Greatly in excess of any sum they had
paid on in previous years. The aggre
safe increase in the amount OF taxes
paid by these companies in the year
1912 over the year 1911 was about
sl25.000. In the years 1918 and 1915
a like sum was collected from these
companies. During the three years
of my administration these four COM
panies have paid to the state s375. 900
more In taxes than was paid by them
during 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 COM
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.
II Is important that the question Of
judicially determined and forever set
tied, because the belief has prevailed
in this state among all the people for
scme years that the big corporations
Of the state were always active In
politics of the two dominant parties
il, 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.
As auditor of the state for the past
three years | have also been a mem
Der OF the sinking fund commission
of the state and, having information
gained while acting in that capacity,
L believe I am thoroughly familiar
With the fiscal affairs of the state.
am in favor of and, If elected.
will advocate the Passage of law
that will require that all state sup
plies used at all state institutions to
be purchased by the competitive bid
ding system, and that the lowest open
bid for supplies furnished all institur
tons be accepted, and believe the
state could easily save 100000 year
by inaugurating such system.
am in favor OF and will work for. /
T. elected governor, the establishment
Of 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
IL, 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 suca legislation, or
OF constitutional amendment, Il
necessary. to put a fixed and definite
limit upon the rate of taxation In
Kentucky. steep which believe
will cause our officials 60 follow pol
icy OF economy and efficiency in the
handling of the peoples funds.
| am opposed to the convict labor
system and favor the abolition Of tae
present contract system and the elm
nation Of the competition with or.
labor that is the direct result
u it, | am in favor of the use of con-
'(to " H'pooNC Whi1 70 iCC0Cu "
he state institutions and of the pur.
base of farm on which they may
abor in the open air TO produce the
GODS needed in these institutions. ~
| am in thorough sympathy with
ne farmer. having been a farmer and
living on farm all my life. l will do
n can as governor for the great
gricultural interests of Kentucky
md the men and wcmen engaged In
t. AS long as the farmer is pros
,erous every other interest in the
tate Is prosperous. and all her pe0.
lie share In disaster to them as well
s in their prosperity ~
II am elected governor I win do
II ! can to further the good roads
Movement and all that IS possible to
ecure q liberal appropriation for tho
chools and their continued improve
nent
II the people want for governor oe
he state man who will devote his
me and what talents he may have