White Pine news. [volume] (East Ely, Nev.) 1920-1923, 1922-10-29

orally.
Organize Joint Stock Land Banks
| Under a new provision of the fed
| eral farm loan act Ii is now pos
sible. through the organization OF
and stockmen to secure government
help in loans on their land and i'm
| provements. Loans TO maximum Of
| $50, ,o0e to an individual are provided
for at an interest rate of per cent.
As long as forty years can be granted
| for payment. Advances will be made
OF sums up to so per cent of the APP
praised value of lands offered as Sc
curity and 20 per cent of the i'm
proyements. Steps have been taken
by the livestock association to have
Nevada placed under the territory
of the San Francisco joint stock land
bank, and information TO date justi-
fles The belief that this will soon be
accomplished, when Nevada farmers
and stockmen in need of help in this
connection can have fair opportunity
10 secure the same.
Government Financial Legislation
Legislation looking TO plan of
permanent government financing
when needed for the livestock and
agricultural industries of The entire
country is now pending In order
that when this legislation is secured
II may fit the practical needs of those
which it is destined to benefit. COM
mittees of stoekmen and farmers
have been invited TO develop this leg
islation in cooperation with govern
ment officials. To protect Nevada's
interests along this line the assoeia-
ton has succeeded in securing a
place on this committee and Jerry
Sheehan OF Winnemuoca has been Sc
leeied as Nevada's representative.
Takes ON Both Land and Livestock
The activities of the association
during the last year in its efforts to
secure equitable taxation on land and
livestock in Nevada. compared with
other classes of property. were out
lined In detail Ii was explained that
this activity has been developed on
the line of bringing out all possible
points upon which an equitable plan
of such taxation could be requested.
Studies have been conducted and sta
tistics secured upon the bases Of
which the burden of taxation being
borne by the major industries of the
state could be compared. These
studies have resulted in the claim by
the association that proportionately
the farmers and stockmen are being
taxed much heavier on the basis Of
their total income than are the other
main Industries of the state. The
showing has been sufficient to quite
generally change the sentiment
which previously prevailed that the
opposite was true. On the basis of
total income these statistics show
that for the calendar year 1921 while
AZ per cent of the gross income from
mining In Nevada was absorbed for
state taxes and 1886 per cent CT the
gross income from railroads in Ne
vada. sos per cent was taken from
the total income OF the farming and
livestock industry Of the state. On
the average basis In 1921 the aver
age county tax rate was three times
the state rate, the percentage OF the
total income of these industries alb.
sorbed for both state and county
taxes is shown to be: For mines and
improvements, 1.26 per cent: for
railroads. 5.44 per cent; for land and
livestock. 12.12 per cent. These sta
tistics also show that for the total
agricultural and livestock income In
Nevada the sale OF livestock and
livestock products represent close TO
S5 per cent.
In connection with the valuations
placed on livestock for purposes of
taxation report was made that rs a
result of the hearing held by the tax
officials and livestock association rep
resentatives these figures for 1928
have been set at s25 per head on
cattle and s5 per head On sheep. as
against valuations OF s2s and 81 re-
spectively for 1922
In line with the whole subject of
livestock valuations II was reported
To the farmers and stockmen present
that the association was considering
recommending a change in the Law
in this regard to provide that here
after livestock valuations. instead of
being fixed by the state board Of
equalization. would be fixed by the
state tax commission, the idea being
that livestock is valued as state
wide property and not on a county
basis; that the assessors are no, In
favorable position to determine
what tho average of the livestock all
over the state is worth. The men,
bers OF the state tax commission. on
the other hand. are In position, as
is true with all other properly which
Is valued on a statewide basis, to con-
slider the valuation OF livestock on
such a basis. BY this change II is
felt that a more equitable valuation
on livestock can be assured.
Problems of Marketing OF Livestock
The plans and activities Lf the