Bisbee daily review., 1922-07-28

sooner than upon the other industries, and we all hope it will recover because the cattle industry in this state today is in a very, very deplorable condition.
 Says Change Arbitrary
 But to get back to the proposition of the mines: as long as the tax com mission maintained the five-year per iod as the established method and represented that it would be main tained. there was not the same reason for attack on this method as there now is. The tax commission has decided to leave that five-year period and to make it a siX-year period, perhaps next year they will make it seven years-no one can tell, but they have the avowed, the evident intention of including in that five years the extra ordinary fat years of the war Such an arbitrary divergence from the plan sthat they had adopted is to my mind obviously wrong. It leads to an ex- cess value for property in this state which in my opinion will be least 20 per cent higher than it should be.
 "The result of an untrue valuation upon all property in the common wealth opens the door wide for the bond wolves They have already got our tenderloin, don't let them get. our sirloin. The bonded indebtedness of l this state of every description is be tween $43,00O, 900 and SAG 100000. This last year, if interest and amortization i had been paid, it would have amounted to 25 cents on every dollar of taxes
 paid by the people of this state. If : the taxes last year were doubled the | way they should have been, and if the next year or the year after they are
 reduced to what they should be, the
 amount required to meet interest ano
 amortization for money already spent
 would be 50 cents on every dollar paid
 in taxes. Now, why should we, sup posedly intelligent people, accept
 those figures and sit complacently by
 and allow that condition to continue
 If we do, we are unwise and would be
 using poor judgment, and the misery
 of it all will come to us.
 Urges True Valuation
 q know, Mir Chairman, that it i:
 the duty of the tax commission to ge
 the money, they have got to get thu money, but it is likewise the duty o
 the tax commission to comply with thu law and tax the value of the propert! |, of the state at it's actual cash value
 The effect of that, of course, will b' ] to raise the rate, but it will bring t us the truth, and without the truth al a basis no state, county, or city, cal prosper for any great length of time
 "If we are not to waste too mucl time and wish to restore our industrie l and to bring prosperity into the state the wisest thing we can do is to ge : to the truth irrespective of what may do or how it may affect us ten porarily or personally.
 "The effect of the tax commission putting an untrue value on the proI
 erty of this state, although it is thei } duty to raise the money, is not tn ? way it was intended the tax commis l sion should function, in my humbl l opinion The effect of putting the tru l value upon the property of the state 3 since we are spending more none 7 than we should, would be to raise tn . rate, and the rate is the indicator. !. 'I sincerely trust, MT. ChairmA 9 that your honorable board will co1 3 slider what MT. Talley said regardin the subject of reduction of valuatio e on all classes ot property for taxatio e purposes in this state."