Sequachee Valley news. (Sequachee [Sequatchie], Tenn.) 1896-1952, 1920-04-15
MARION FARMER n
EXPOSES DIRTY DEAL

You know there for everything there cause
that may be traced to a conclusion.
You know that we had candidate for governor six or
eight who furnished special train campaign the
This president of the Hamilton National Bank
and advocated law He defeated but
the idea he advocated been enacted law In
this law all farm land appraised and the land value has been
raised three times its former assessed value Bank Stock
Railroad Stock and the capitalized sock of ali industries is asses
sable so much per 500 worth like farm land.
The farmers and capitalized stock mpnes have been paving
in Marion County $3.50 500 farm land and Bank and
R. stock But when these farmers lands appraised to
three times their former assesabe value the were told
that the would be about 90 the 500 worth land With
the reduced 85c 9 and the raised three
times farm lands you any reduction the armer
If any odds his taxes will be raised
with Bank Stock Railroad stock and other forms of
stock One thousand dollars worth of railroad stock at 81 5O
per $100 would be total yearly of $780, A $l,OOO
farm would be total yearly of co. The assessment
law with this farm $4,000 at 05c rate 500
would be $25 So
The new assessment law applied to Railroad Stock of
$1,000 the rate of 8c hundred would be $3.50 making
reduction the railroad stock of So $2OO minus S8 5O
while the tax the farm has been raised Now this new as
sesment law allows the capitalized institutions to dodge the ex
of all internal Improvements and reduces their taxes
nearly thirds of the whole Figures won't lie This will
show minded the for the assessment law
and the influence wrote it. The for this la" is paln
have heard these stock companies complain
lng
Don't you think that Gov Roberts and administration has
given the farmer dirty deal?
Marion County.
In the words of the immortal Roosevelt are "dee-
lighted that Farmer has got wise to the game, and
has enough and brain enough express SO
The News is distinctly against the assessment law,
and has thought all along that the matter of assessment
provided by the Constitution was sufficient had been
sufficient, and would be sufficient the tax assessors
did their sworn duty.
There absolutely need for lot of extra machinery
in the assessing of taxes, the constitutional law is OBJ
served There pages and pages in the Code of Ten
relative the duties of tax and the
of property and further Claw unnecessa
ny, but Farmer shows, there was nigger in the
wOodpile."
If this law is his strong forte Gov. Roberts will be de-
feated November the polls for the people dis
gusted with this tax law already even before they have
half learned its iniquities.
There absolutely guarantee far that the rate
promised will hold Property is being jerked to fictitious
values merely in endeavor to make the low rate prom
ised pan out but of stocks and bonds cannot be
ierked I'D over their par value That would be decidedly
against financial CUSTOM practically richmansaughter,
make bond sold for 500 be valued at $500 to $780,
especially since democratic management has debated the
American dollar to one-trd of its accustomed purchas
ing then too, the law would not be consti
tiona" But anyway it the bondholders big tax
money paves the way issues of bonds by ode
crease(? rate, and pours to the who sweats
in the furrow and also to his toing wife who ratified the
pans in the morning during the Democratic fast
slavery and stopped rafting them at p m. because
husband did want quit his abors before the
quit his job.
Anyway it is great law for the bondhoder- af
looking While OF the opinion that the Ten
nessee Road it's twin brother. Gov. Roberts went
in on platform to build roads, but looks as it, un
less gets a terrific there won't be mary
road built during his administration by which to
Der him. that can't any in this county even
with microscope.
The legislature will be asked to kick these two
obnoxious laws which are both expensive and unsatis
factory.
The Constitution says that the tax shall assess
property at what in his judgement is its ''cash value
as based on it's surroundings and that is sufficient and
there need of office full of statisticians to keep
people in ferment their taxes. Neither is there
need of expensive highway department Nashville to
ND road money of the counties in estimates plans
inspections, and little road building.