The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1923-11-08
|s4,3OO,OOO Ore TAX
PAID TO THE STATE
CHECK FROM THE OLIVER MIN
ING COMPANY. IS THE LARG-
EST EVER RECEIVED
FULL SETTLEMENT MADE
CRIPPLED CONDITION OF STATE.
TREASURY RELIEVED-PAID
OUT TO SCHOOLS

-<-
"Finis" was written in the long le-
gal battle over the Minnesota "oc-
cupational tax" on iron mining oper-
ations last night when a check of
So, 340, 499 80 was turned into the
state treasury by the Oliver Iron
Mining Company, Minnesota, sub
sidiary of the United States
Steel corporation Saturday. The
check is full settlement by this
company for its 1921 and 1922 taxes
under the new law, plus. 6 per cent
interest for the time elapsed since
the. taxes were due. 81 Is aa-y
Payment of this sum relieves 8 a
badly depleted state. treasury. State
Treasurer Henry Rines said it would
postpone for some time at least, the,
contemplated Withdrawals of state,
money on inactive" deposits : with
country banks. ~ s. $50 10 za6 s6
The check is the largest ever re-
ceiyed by the state of Minnesota. The.
payment was made very promptly.
Under the order of the state tax
commission, penalties for delayed
payment of the tax were RENTED on
condition that the companies would
pay the tax and 6 per cent interest
within 80 days. Notices were mailed
to the companies Thursday by State
Treasurer Rines. They were received
Friday. 49, a.:ssEg4,T 80 ..zgs.F g4.fs
Mr.. sRines was about to leave his
office for his home at Mora, and the
office was officially closed, when
Frank B Adams of Duluth, general
solicitor for the Oliver company, ar
rived with the check. gar IA 30,
Mr.. Rines deferred his departure
and went with Mr. Adams to the
Merchants National bank, st. Paul,
where r.. W.seLindeke, cashier, re-
ceived it for deposit. The check, be-
ing on New York bank, was sent by
special delivery to New York, where
lit. will arrive Monday, for collec-
ton. 1t is signed by George C =
Swift, treasurer, and w. j.. O'Con-
nor, assistant treasurer, of the CONF;
pany. .y9{-a5 Is a,a I Bzsbaf
Settlement by the Oliver company,
is believed to herald an early COM,
pliance with the tax conmission,s
order by the other SO companies in-9
volyed, but their combined payments
will total only about 81 600, 900. The
total tonnage tax due for the two
years is figured at $5,681 1885,,
with interest at per cent amounting
to $276,417.75 on Nov. /. ,-
/ Heavy penalties for failure to pay
the tonnage tax were provided by
the law, but the companies contend
ed that the penalties could not be
collected on the 1921 and 1922 taxes,
because suits to test the validity of
the law had been pending in the
United States courts and the opera
ton of the law was stayed while the
suits hung fire. The tax commits
sion after hearings announced that
the penalties would be cancelled on
condition that the companies would
pay the tax within 80 days, with g.
per cent interest. rEsl .Qs0Hia
/ The sum paid by the Oliver COM.
pany is itemized as follows: 1921 tax,
81, 786, 041.07; interest, 1869. ;;
1922 tax, $2,342,113.31; interest
$50, 675. 76. B saias ai'.
II am certainly gratifed that the
Oliver company has been so prompt
in paying the tax within two days
after we drew omit" Mr. Rines said
Saturday. "The receipt of this money
will save us for the present from the
necessity of making Withdrawals from
country banks carrying state de-
posits. It will be impossible to i'm
crease the deposits of that kind,
however, as we have very heavy dis
bursements to make; those to schools
to about 81 900, 900 with !.
- fba y,avf On dave 49, 3E4E13 - . *
All the 1921 and 1922 tax money
under the tonnage tax law goes to
the general revenue fund of the
state. The taxes, for this year andT.
will be divided, half going
to the revenue fund and half into the.
permanent school and university fund
of the state. .s5ossl
II sas3glt eia(9 Mr. ar95fa vabae ~
That big check for 81 $40, 900 paid
into the state treasury of Minnesota
by the Oliver Iron Mining company,
willhnot swell 1.-THE state Golfers very
long. In fact, it came just in time
to. meet, the single item of $4,383,-a
GIT 40, which must be paid out im-a
as state aid to- school dis
tricts. s The list of amounts to be
paid has been certified to the y state
Auditor by J.d m. Mcconnell, COM
missioner of education. q The state
aid, paid under legislative appropria-
ton, will go to more than 1000
school districts, and Stearns county
schools will receive $74,902 of it. =
High schools of the state will get $2,-a
277, 045. 16 !, graded schools, $707,-
2i1; consolidated schools, sos, 1885,,
and rural schools, S1,034,255.7 To-.
Journal slss 2 -
Mrs B. Geuting left this !,
thursday morning for Minneapolis to
visit her daughter Mildred for sever
II days. She expects to return home
Sunday evening ss - -. 1880 - 8,