The Aberdeen weekly. [volume] (Aberdeen, Miss.) 1878-1933, 1919-07-25

MADE ALO1NE d. / II Il
BOARD OF SUPERVISORS AZ
TER THE STATE TAX COM
MISSION HAD APPROVED
THE ROLLS AT A HIGHER
FIGURE. together with a 4
MILL State levy in 1917 as
against a 6 MILL State levy in
1916. materially reduced the tax
es paid by these banks in 1917
below those paid in 1916? Why
did it not give the farmer the
record as guide that would
show him that the BOARD OF
| SUPERVISORS ALONE and
not the State Tax Commission
REDUCED the assessments of
these Banks IN 1917, resulting in
a material DECREASE in taxes
paid by them in 1917 under those
paid in 1916? Was the failure to
point the farmer to THIS REC
ORD just an OVERSIGHT, or
was ii POLITICS?
To substantiate what we have
said, we cite an order entered On
the Minutes of the Board of Su-
pervisors at its DECEMBER
TERM, DECEMBER 5. 1917,
which can be found in Minute
Book IL, at page 464:
This day came for consideration
by the Board the matter of assessing
of the FIRST NATIONAL BANK OF
ABERDEEN. MISS, and also the
assessment of the. ABERDEEN Ma
TIONAL BANK OF ABERDEEN,
MISS. and it appearing that the
FIRST NATIONAL BANK is assess
ed with $751; $50. which is to cover
their capital stock, surplus and I'M
divided profits less the amount as
sessed against them for real estate.
and 1t appearing further that this
amount is EXCESSIVE and the same
should be REDUCED and that the
actual value of said capital stock,
surplus and undivided profits. less as
sessing the real estate. is $i29.64s 1t
is therefore ordered that said assess
ment be r E ID u E d to the said
amount of S129.64S and 1t appearing
that the ABERDEEN NATIONAL
BANK is assessed with S47 $50 which
is to cover their capital stock. surplus
and undivided profits. less the amount
assessed against them for real estate
and it appearing further that this
amount is EXCESSIVE, and that the
same should be REDUCED and that
the actual value of said capital stock.
surplus and undivided profits less as
sessment of real estate. is S44. 799 so.
1t is therefore ordered that said Az
sessment be r + ID U G + ID to said
amount of S44, 799. 60.''
Let the intelligent farmer after
reading the above orders, deter
mine for himself whether the Tax
Commission or the BOARD of
SUPERVISORS OF HIS OWN
COUNTY reduced the taxes of
banks and corporations in Mon
roe county in 1917. The record is |
that the State Tax Commission
ordered a raise of So per cent in |
1916 on the assessments of the
banks and that the Board of SUI
pervisors OBEYED THAT OR
DER, but in 1917, AFTER THE
STATE TAX COMMISSION |
HAD APPROVED THE ROLLS
AT THE 1916 ASSESSMENT |
FIGRUES, that OUR BOARD
OF SUPERVISORS. IN THE
DECEMBER MEETING of 1917,
REDUCED the assessments of
the banks in one case more than
FIFTY-TWO TIL on S A n D
DOLLARS.
The Johnston Campaign Com
mittee claims that the State Tax
ing Board has no power to en-
force its orders, but the records
of OUR OWN BOARD OF SU- |
PERVISORS CONTRADICT it
in this claim, else why did our
Board of Supervisors in OBEDI-
ENCE TO the order of the State
Tax Commission practically re-
store the assessments of the Ab-
erdeen banks in 1918 TO the
amounts from which it had re-
duced them in 1917, as is shown
by the following order of the
Board of Supervisors, entered in
Minute Book II. at page 81 of
special session, held By the Board
on October 22nd, 1918.
This day came on for consideration
by the Board the matter of the OR
DER of the STATE TAX COMMITS
SION DIRECTING that the Board
ADD to the personal assessment OF
BANKS in Monroe county 20 PER
CENT THEREOF. And it appearing
to the satisfaction of the Board that
the only Banks assessed for less than
100 per cent. of the value of their
capital stock. surplus and undivided
profits is the Monroe Banking & Trust
Co.. and the First National Bank.
both of Aberdeen, Miss, and the said
State Tax Commission DIRECTING
that the sum of $4S. $50 be added to
the personal assessment of sa d
FIRST NATIONAL BANK, and the
sum of Sl9.045 added to the personal
assessment of the Monroe Banking &
Trust Co.. it is therefore ordered that
he said sums be and they are hereby
!, Rdod RI oil