Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1921-02-03
ORE TAX COMPROMISE
Authors Of Tonnage Tax Oils Get To.
oether In Effort To Draft Single
eilt-compromiss eil, Elk.
pected Within Week.

RSSSO0 VvtkUsU WYNN
St Paul--The house committee %
taxation indicated at the opening d
this weeks session. that II will appoint
subcommittee OF five to draft com
promise tonnage bill for submission to
the house.
A motion to this effect was present.
ed to the committee at the session
early this week. but was withdrawn
temporarily SO mining men could APP
pear and conclude hearings on the ton
mage tar which In In progress.
Representatives e. NJ. Bendixen and
A. c. WEIGH have had conferences re.
garding compromise on their bills
and both said that an agreement had
practically been reached.
Friends OF the tonnage tax want me
TO strike out provision In my bill
making the proposed tax OF per cent
OF net profits In lieu OF all other state
taxes" said Mr.. Bendixen. II inserted
this because the tax commission and
Governor Preus both felt that ton
mage tax bill would be unconstitutional
without this provision. However, I am
for tonnage tax and whatever the tax
committee aud Judiciary committee
may agree upon will be satisfactory"
The committee probably will frame
It's bill and have II ready for introduce
ton within 10 days.
The Mesaba iron range Ia like
great layer cake. said W. G. Swart.
vicepresident and general manager Of
the Mesaba Iron company. to the house
tax committee.
"A layer cake with per cent raisins
has plenty OF good eating after the
raisins are gone said Mr.. Swart. the
raisins In his illustration being the
high-grade ore mines and the rest OF
the cake the lowgrade mines.
Mr.. Swarts company. he said. had
developed copper mines In Utah that
had been considered OF no account but
through large volumes OF operations
had been made to produce rs per cent
OF the copper In the country.
This company had spent $3.50, 900 ex-
| perimenting with low grade iron ore in
| Minnesota and are constructing a
| 5000 900 mill on Lake Superior. This
| mill. he said was only small unit
and the company considered the ex.
penditure Of s5O.0O0.000 more for the
main plant. hut he told the committee
they were seriously considering con.
struction of this main plant In Wis
| consin or Michigan because Minnesota
| had no settled taxation policy.
Mr. Swart said the United States
| geological survey showed 125, zoo, 000.-
| 900 tons Of iron ore already exposed on
| to the south the amount available
would he beyond human comprehen-
| sion.
ITO exhaust the s per cent OF high
grade ore would take from 90 10 80
years. but the low grade ore, at the
present rate of shipping, will last more
than 1000 years" he said THE state
of Minnesota can put OF indefinitely
development OF low grade ore by a
shifting policy OF taxation. II II mighty
easy to discourage capital"
Representative G. M. Bendixen and
c. =. Murphy closely questioned Mr..
Swart. Mr. Bendixen being In favor of
tonnage tax and Mr. Murphy against
1t
Grain Traders on Carpet.
Bills aimed at the Minneapolis
Chamber OF Commerce and the Duluth
Board OF Trade will be in the limeIight
In the Minnesota Legislature this
week
| The House marketing and the Sen.
ate agricultural committees will hold
joint meeting to consider the bill 10
make the grain exchanges open mar.
kets. opening them up TO cooperative
associations OF all kinds. The two
committees will consider the antifu
/ lures bills
| Following two public hearings the
two committees will consider the meas
ures and make their reports to their
respective houses II is expected that
the House committee on marketing
will report the bills In the near future.
Minneapolis grain men are prepared
TO protest against any measure which
will open the Chamber of Commerce TO
any type Of cooperation organization.
regardless OF the method by which II
| distributes fts prOeits