▼▼▼▼▼▼▼▼▼▼▼▼▼▼▼▼▼▼▼▼▼▼▼▼▼▼▼▼
P rop osed O regon T a x L aw
1. The amount of money on hand and ’
< amount of money in tra n s it.
<
<
2. The am ount of funds in the hands
<
< of other tatnks, hankers, brokers, or
«
«
others snbjeet to d raft.
3. The am ountt of checks or o th er
ra sh item s not included in any of the
prct.'eding item s.
The am o u n t of h ills reeidvahie,
TELLS OL
CANAL WORK
SLO W AS OX TEA M S.
Freight C ar» Travel but an
of 2 3 Mde» a Day.
Average
Cbicag«», !><•<•. IK.— “ C ar shortage
ami trultic congestion ar«» m«>r«» scrnais
(C o n tin u ed from I hm w eek)
n a tio na l bank stock ami p rivate banka, loan
now tb an Ilu»y ev«»r hav«» Ix'en in th e
anil trn » t con,panica," approved I r hr nary 24,
1903; t,> rr|H.al sections Si'«?, 3<)(f3, 3064,
(Assessor to give not lex» of meeting of
history of th is «’«uintry.
Alr«*mly a
300.5, 30(1?, and JtMIS o f the Code* and S ta t discounted, or pureliased, and other
board of equalization.)
utes o f O renon, com piled and annotated by
numlx<r
of
schools
in
th«»
Northw«»st
credits
dm»
or
to
Ixxxuue
due,
including
lio n . Charles B B e llin jre r and W illia m \V
Stx’tion 36. That sts’tion 3060 of the
C o tto n, an I to r r | < * l a ll acts and i»arta o f accounts rtveivabh», interest due ami
have
I
k *«> ii for«*«*«l to dos«» Ix'caus«» coal
Codes and Statute« of Oregon, compiled
acts in co n flict herew ith.
unp in l; also the value of such bills re
slii|>m«*nts tx>ul«l not t a ta«i.
Business
and annotated by Hon. Charles B. Bel
Be it enacted by the people of the ceivable, notes, and credits.
linger and W illiam W . Cotton, la» and state of Oregon:
all ov«»r tin» l'nit«»<l Stut«»s ix ta in g in-
5. The amounts of stocks and Ixwds Good Progress 'H a s fBnan M ade In
the same hereby is amended to read as (Assessm ent and taxation of sbx’k and
jur«*<l v itally by tin* ex istingcem ditions,
of »«very kirul, ami shares of every kind,
Actual C o n s tru ctio n ;W o rk on the
follows:
shares in national and sta te (tanks.) ami shares of tin* capital stock or
amt reim»«|y must b«» lia«l quickly, if
Each naseasor shall give three weeks*
Canal — Health on Isthmus Now
Sts’tion 1. The stockholders or share joint stock or other companies or
cha«>x in eommere«» is to Is» ,»r«»v«»nttxl.”
public notice in some neuspajH'r p rint
C om pares Favorably With United
ed in his respective county; if thehe be holders of every corporation ta n k l o o t corpm itions held as an investment,
The forgoing »tateineut wax mmle by
S tates.
no such newspaper, then by posting up ed w ith in th is state, engaged p rin ci or in any way representing assets,
In
teratate
Commer«*«» C om m issioner
notice in six conspicuous place« in his pally in the business of hanking, lend showing and »¡»shifting therefrom se
I'n
tn
k
lin
la
n
e , win», w ith C « » m iiiis x n > u -
county, setting forth that on the first ing m oney, receiving money on d«>|toeit, curities of the l Tnite<l States and other
such
stocks,
Istmls,
and
shares
which
er
Jam
es
H.
Ilarln
n , arriv ed in C liintgn
Monday in October the board of ©quali- *’u>‘ng or selling bullion, bills of ex
W ashinglon, Dee. IK. — Pr«*sid«»nt
are
exempt
from
taxation,
if
any,
ami
change,
note*«,
bonds,
stocks,
or
other
ov«»r
th
e
lY
nnaylvnuiu
ron«l from W ash
tiition will attend, at the court houst
|{«Mis<'v«>lt yesterday sent a x|M»cial m«»s-
in his county, and publicly examine the evidence« of indebtedness, a view to also showing those subject to taxation, sag«» to congress «m th«* Panam a canal ington on th e way to M 1 iiii «* u |> o 11 h ,
wh«»rv a liearing will lx* given th e rail-
asss«*sment rolls, and correct all errors profit, whether such Imnk In* organized amt the amount of each; also showing
the
value
of
such
bonds,
stocks,
ami
f
in
w
hich
he
reviewed
his
trip
acme«
rt«nls
nml s)ii|>|M»rs of Minn<»s«»tu.
description,
or
q
u
a
litie
s
,,>r
I’NBking
purjx>«es
under
th
e
laws
of
in valuation,
" W h e n you <x»me to th in k of th e
state or of the I nited State«, shall shares.
th«» isthm us and m ade m any im portant
of lands, lots , or o th er property assess«»«! !
6. All other projx»rty jx*rtaining to r»xxuiiiii<»ndatioiis: Among o th er things freight <ar ¡»rohlem, it is one of the big
by such assessor; and it shall lx» the K* assessed and taxed on the value of
Such its business other than real estate he said:
gest in tliis c o u n try ,” said Mr. la n e ,
duty of persons interested to appear at th eir shar»*s of st<x*k therein.
'lk iy o ti know that th e ateragt» s | m *«<<1
“ An ius|x*ction on tin* ground at tin
the tim e and place appointed.
l‘nx»f shares shall lx* assessed only with re (which real estate shall lx* assessed ami
gard
to
the
ownership
and
value
thereof
taxed
as
other
real
estate
is
uascsscxl
of
freight cars is only 23 m iles a «lay?
h
eight
of
tin*
rainy
season
servixl
to
of such notice, if published in a news
convince me of th«* wisdom of «tingresx Just th in k of it! W ith th«» big b u si
paper, shall be made by affidavit a« pro on the first «lay of March, at the hour and taxed)
The amount of dc|xx»it«.
in refusing to adopt e ith e r a high level ness ii)t«'r«*stx of Chicago and «»(Iter
vided by law, filed with the clerk of the of 1 o’clock a. ni., in each year, at the
S. Th«* aggregate am ount of th e above or a sea level «*anal. There mx*ins to cities crying out for m ore cars, th««
county where the newspaper is printed, P^aCl‘ required by law .
on or before the first Monday in <k*to- | (Statem ent to be furnished assessor by first, s»x-oml ami th ird item s sh all lx* lx* a universal ugre«<ment am ong all 'em pties' are leisurely uuikiug th«*ir
liste»!, and th e aggregate am ount of th e people com,H-tent to judge th at th«* way a«’r»iss the cou n try .
ber in the year when such notice is
cashier nr accounting officer.)
taxable property em braced in th«* fo u rth , Panam a rout««, tin* on«* actually <*)i<ttcn,
“ Som ething is wrong, or th is <*omli-
printed; if such notici» be ¡xxrted, proof
Section 2. To aid the aseeasor in d«»- fifth and six th item s alxive shall lx» is much sii|x*rior to lx>th th«* Nicaragua tioii would not ex ist.
If th«» average
thereof shall lx» made by the affidavit
sjx*««d mini«* by a freight «nr is only 23
of the assessor or his deputy, setting term ing the value of such shares of list«*«!, am i from th«» aggregate sum of and Ihirien routes.
“ I In* w is«l<>m of tin* canal manage- m iles a «lay, we m ight ax w«*ll h a te tlie
out the tim e, manner, and place of post stock, the cashier or other accounting said tir.-t, second and th ird item s, amt
ing such notici*«, filed with the clerk of officer of every such l»ank mention»*»! in th e aggregate sum of th«» tax ab le p ro p nient has been shown in nothing im»re obi wagon tra in s am i oxen bark. They
the county on or before the first Mon- the first section of this act is hereby r»*- erty em braced in th e fourth, fifth ami clearly th an in th e way in which tin* m ade as gtssl titn«* as th a t, amt th ere
dav in October in the vear when such ^uiped to furnit<h a statem ent to tin» as- i sixth items, there shall lx» deducted the foundations of tin* work have txx*n laid. w«-re no mt«*s or r«,l»it«*s or wrecks.
sessor of the county when» the stime is amount of th«» above seventh item, ami
posting is made.
“ The first great problem (o lx» solvtsl, W hat is tIn* «inis«» <>f th is slat«» of a f
located, between the first day of April the am ount rem aining sh all be assess«»«! upon tin* solution o f which Ila* success fairs? W ell, th at is for us to limi «mt,
(Changes the date of meeting of the board of
equalisation as specified in the notice, from the and the fifteenth «lay of May in each to each com¡<mv, as.-ts-iation, or person of th«* rest of Ila» work <l<*pefide«|, was ami we ho|M* to <!<» so in a \«*ry short-
la.»t Monday in August to the first Monday in
October; provides for i>erpeioating the fact of year, verifitxl by oath, showing the at its full amount as money and credits, th e problem of sa n itatio n .
T his was tim e .”
iurisdictiou of the board by r«?quiring proof to amount ami nundx*r of snch ahares o f 1 the same ax other property is axs«»»s«xl, from th e outset uiuter th e direction of
Mr. Ian«» said a n u m ta r o f com-
be tiled on the giving of notice, and prescrib the capital stock of such Imnk, th« at the place re«juire»l by law*.
ing the form. Section 3060 contains language
I *r• W . ( G<>rgns, w In> is to lx» m ade a luercial organizat nms had suggest«*»!
reciting the duty of the board to make c»»rrec- amount of its surplus or reserve funds,
full m e m ta r <>f th«* com m ission, if th«* ami a<lv«Mnt«sl u recipnM*al d em urrage
<»»,1 «he .m o u n t of It. undivided pm «.« (Tax«»x to be a charge on dividends, law as to th e <x>m|Mw«itioti of th e Com law Hint would «’»•in|s*I th e milr»«cl»t
stock uml banking capital—Sale for
omitted a* not properly belonging in a section at the hour of 1 o’clock a. m. of the
m ission rem ain« imrtang«<«|. Tin* is th in th e event of unusual «lelay, to m ake
tax.)
which merely prescribes what notice shall be first »lav of March prece«ling, the u<*tual
g«ss| the «iniiiMgc.
given of the meeting.)
Section 7. To secure the ¡«ayment of mus lunl Ixi’i) a hyw»»r»l for demilv mi-
an»l cash value of all real estate owned
healthfuliu'xx.
Now,
aft«*r
two
years
(W ord “ assessor” shall include his by it in this state, or elsewhere, and taxes on Imnk st«x*ks or sliar«»s, or ujx>n
of o u r <>«vu|mtion, th e com litlons as
deputy.)
L A R G E R S A L A R IE S .
the location of the sam e; also th«» cash tanking capital, such taxes are hereby r»*gar»ls siekuess am i th e d eath rat«*
ma«le a charge ujs>n aaid sliar«»sof stock
4.
Section 37. The word “ assessor,” as value of the securities of the United
used in this act, shall be taken to in States owned by it.
clude his deputy.
(Ascertainm ent of value of stock— De
(New)
ductions for real estate and exempt
(County court may appoint special a s
property.)
sessor in event of failure of assessor
Section 3.
R«*al estate owned by
to act.)
such bank and situate in this state
•Section 38. In event of the fail s ta ll be ass«*sse«l and tax«»d ax other
ure of the assessor to commence or con real estate is ass«*sst*«l and tax«»d. The
tinuously and vigorously prosecute the assessor shall deduct the am ount of all
m aking of the assessment in the m anner investments in real estate from the ag
provided by law, the county court may gregate amount of such capital atock,
sum m arily appoint a special assessor, surplus fund, and undivided profit, and
who shall qualify in the same m anner the rem ainder shall be taken as a basis
as the assessor. and who shall have all for the valuation of such shares of st<xk
tlie duties, rights, privilgees, and emol in the hands of the stockholders sub-
um ents of the assessor in m aking the ject to the provisions of law requiring
assessment for the current year, and all property
be assessed and tax«xl at
whose acts shall have the same effect as its full and actual cash value.
if the same had been done by the as
sessor.
(Shares of national hanks not located
(Intended to provide a way to escape from
w ithin state exem pt.)
the situation in which one county of the mate
Section 4.
The shares of capital
found itself in 1905, when the asse.^or did not
make the at>t>es*ment and the county court st«x*k of national hanks not locat<*«l in
undertook to appoint a deputv who actually
made the assessment. The validity of the u m m - this state, held in this state, shall not
went was ax-ailed by heavy taxpayers, but has be required to be as.-exxe«! or taxed.
not yet been determined. This contingency may
President In Message to Congress
Answers Criticisms.
,r U nking
or int.-n-.t «k-»n,.t
' “' " n*hl>- wi,h
.
»
:
»
.
«
•
«
«
7
>
h
ealth
y
u
s
a lit i«*s in th«* UniUxl Stnt«*s. M ovem ent to Pay M em b ers o f C o n
which th«» said taxes are ass«»ssed and
gress M o re Game F o rce.
“
It
is
curious
t«> note the fa« t that
levied, and upon any dividen«!* or divi
m
any
of
th«*
im
»t
severe
critica
of
th»*
W
ashington,
Iks». IK.—Tim tim e in
dends thereon. It slutll lx» the duty of
com
m
ission
«Titicis«»
th
em
for
prvris«>ly
not
tar
«listant
wlmn
«*ongrew«ioiial »wil-
every lan k , or th«» m aruging officer or
otfi«*ers thereof, to retain so much of o p p a ite r«»asons, som etxjjuplaining hit* arm s will In* in<TvtuM«l, th is d esp ite th e
any divi«h*ml or dividend! belonging to i terly th at th«* w<>rk is not in a m ore ml* faint lmart«’<ln«’ss shown by memlierw of
such st«xk liohlers, starelioM ers, or j vnneed condition, w hile th e others th«* )l<»U»«e III III«* \«4«* oil th«’ niuem l-
owners as shall lx» necessary to jav any com plain th at it has lx»en rush«*»! w ith incut t«» tla» b’g is la ti\«• a p p ro p rtatio n
It is Hm u n iversal
tax aaeesse<l ami levied upon their such hast«* th at th ere has lxx*n insuflt* hill last Frhlay.
cig*nt |>r«*paration for th e hygiem* ami opinion of M-natorw ami B« pr« «M-ntai i\« w
slmr«»s of st<K-k or interest res|xx*tively
until it shuil liave b**cn inatle to a|>)sar «*«>mfort of th«* employ«*«. As a m a tte r tluit th e present salary of |5,ooo m
to such Ijcink or its officers th at such of fact, n e ith e r criticism is ju st. It e n tire ly inadetpiate, ami th at view ap -
taxes ta v e bw n ¡a id .
Any officer of woul«l ta v e lxx*n im|s>»*ibl«* to g< jx*ars to lx* generally ind«uxs| by tlie
qulckar ttuui tin- oonuniMlon has gone, |xs>ple. Ju st how large an iinr«ns««
ftn.v
who eluvl 1 I*1.'- over, or autho* for su«*h «|ui<*kness would have m eant
will lx* made is y et to lx* d«»t«»rmined.
riz® the ¡eying over, of any such divi-
iusutlieient p rep aratio n . On tin* o t h e r Nome an* contending for $7,500, «»them
’lend or dividends, oruny ¡x»rtion there-
of, contrary to the provisions of th is ham l, to refuse to «Io a n y th in g u n til for $10,INK). 'I he ehaiii'en s«x*in to fa
section, s ta ll thereby become liable for «♦very p issih le future contingen<*y t a d vor the sm aller am o u n t.
T here is a g n n t «leal of m erit Ix him l
such taxes. If su«h tax«»s shall not ta lxx*n met woiihl ta v e twused wholly
¡aid tafore the same lx*«*ome delin unwarrant«*«! «lelay. The right course th«» m ovem ent for Increased salari«*s f«»r
quent, or* or imm ediately after the first to follow was exactly th«* course w hich senators ami n pn*s«’iitati\«-s. In tim e«
jsist $.’»,ooo went fa rth e r th an it «hx*«
Monday in May in each year, the tax has lx*en billow ed.”
Tlie prevalent g«x*s into «letuils on t«slay; it was a larger salary, as sal-
collector of the county where such lank
is l«x-ate«i shall proceed to sell such th e work of ex term in a tin g nio*»|uit<s*s ariea went, ami was more of un in«luce-
share or shares, st«x-k, or interest to am i th«*n t«*lls of th e im provem ents tneiit th an it is at th e |>r«*s«*iit turn».
T he city has been
Tim tun«* was when th e average <v»n-
¡av the same, tog« th« r w ith interest, liuul«* in Colon.
occur in any of the counties of the state, and the
public should not be prejudiced by the failure (Bank to keep and furnish list of stock accruing int«*r«*st, penalties, ami other drain ed , a reservoir to supply w ater gressinan couhl sav«» moimy on a $5,000
of an assessor to act as neither mandamus nor
But th at tiiia» is ¡sist. It im
holders.)
lawful ctarg«*s, in the same manner has lieen b u ilt w ith a capacity of 60,- salary .
removal from office would give »peody and ade
000,000
gallons.
doubtful
if
a <toz«*n m en in <*nngn*ws nr««
quate relief as against a recalcitrant assessor.)
Section 5. In every bank and hank other personal property is sold for de
abl«» to save a single cent ni th e ir pH’S-
ing
office
mention«*»!
in
section
1
of
this
linquent
taxes,
and
in
«-use
of
such
sale
(Repealing section.)
ent »«alary; it vast n u m b er of them ex
act there shall lx* kept at all tim es a the provisions of law in regard to the
Section 39.
That sections 2709, full and correct list of the names ami transfer of stock when sold on execution P R E S ID E N T S E Y E O N R A IL R O A D pend much larger am o u n ts em*h y ear,
2710, 3041, 3042, 3044, and 3059 of residences of stockholders, owners, and shall apply to such sale,
and in a jx’rhx’tly leg itim ate way.
Suggestion T h at G overnm ent O p erate
the Codes and Statutes of Oregon, com parties interested therein, showing t h e 1 /r >
Railroads in Em ergencies.
piled and annotated by Hon. Charles L um U r of «bare« and the am ount held. < Penalty for n .^ H -t or r. fuaal to fura-
N O E N G IN E S T O H A U L C A R S
ish statem ent required.)
B. Bellinger and W illiam W . Cotton, owned, or controlled by each ¡»arty in
W ashington, Is*«*, is . — President
be and the same hereby are repealed. interest, which list shall ta subject to
Section H. Th«* cashier, managing or Koos«*v«*lt ix tak in g a «!••«•,> interest in
That all acts and parts of acts in con-
inspection of the officers authorize«! other ac«*ounting officer of any company, th e situ atio n as to cur shortage, «•«>m- N .a rly 3 0 0 0 Em pties Are Idle irv
flict herew ith be and the same hereby to assess propel ty for taxation.
Kansas C ity Y ards.
It ns-ixiation, copartnership, or person plaintx reg an lin g which have come
are repealed.
who
shall
negl«*ct
or
refuse
to
make
ami
from
m
any
s«x*ti«>ns
of
th
e
Unit«*«l
shall ta the duty of the cashier or other
Kansas City, Ikx». IK.—Tin» Journal
(1. Sections ?709 and 2710 have long been accounting office'r of each hank or bank- biniish any statem ent requir«*«! by this Stat«»s. Sum* tirn«» ng<> a ¡strtiul s ta te to«lay »«ays:
obsolete; they provide for the assessment and
collection of taxes, and equalization by the ing institution to furnish the assessor u«*t of such p rson or such comfumy, as- m ent ta a rin g on th e <*ar shortage was
A syst«*matic ins|x>«-tion of th«» term
city and its officers. Compare section 30U8. w ith a copy of such list annually, ta-
copartnership, or persons, submitt«*«! to th«* prcshlent by th e hi- inal railroad yards h«*re shows that,
2. The assessor* of the state in annual conven
tions have twice recommended the abolition of tween the first «lav of April and the fif- w ithin the tim e and in the m anner by terstat«* Commerce com m ission, an«i, there are 3,ooo em pty freight ear«
the $1 poll tax, or its transfer to the $3
road , teenth day of May in each year, show- thiH act provided, shall forfeit the sum wlien th e more complet«* r»*|x»rt, w hich standing i«ll«» in tin * Kitusaa City yards,
--------
the same g ro u n d *!* ° * e c t i o n a i i d >’5 c e ° ^ ? *n g the facto in this section specified as of
offense u, ta re< ov th e com m ission has un«ler w ay jin th e Ixxitus«* th«* railromls liave not sufficient
er«*l by indictm ent, for the use of the Northw«*»*t, has be«*n prepar««!, it w ill motive power to m«»ve them .
tion 6 of this act. 4. Section 304 4 is included of the hour of 1 o ’clock a. m.
Tlier«*
in section 3056, providing for the assessment of
county in which said tank is located.
t a sen t to th«* presM ent for his in fo r are not I«* mh than 1,000 hauled uirx
all lands, which, of course, include* that of first day of March previous.
corporation*. 5. Section 3059 is merged with
m ation in tlie event lie «h*cl<les to m ake standing in the yards here ami th©
section 3070 in drafting section 23 of this act.) (Assessment of foreign banks, etc., and (Penalty for making or furnishing false
an y rt com m endations to <*«»tigress on dates of hauling some of them showed
or
fraudulent
list
or
statem
ent.)
local companies and persons not p rin
th e Mubj«x*t.
He has not yet taken any that they liad lx*en ready to move for
(Saving clause as to assessment*"for cur
Section 9. The cashier, managing or
cipally
engaged in banking.)
steps indicatin g his probable cours«*.
rent year.)
t r o weeka. There is no shortage of
Section 6. Every corn ¡»any, associa other account ing officer of any company,
Among sugg«*sti«»ns th a t have ta«*n cars her«*, but a shortage of engines.
Section 40. That, notw ithstanding
association,
copartnership,
or
person
At Kixlalia, Mo., there are 261 em pty
anything U) the contrary in th is act tion, building and loan association, who shall willfully present to or furn ma«le to th e president is th a t In* recom
contained, the provisions hereof s ta ll tru st company, or other corpora ish the county assessor w ith any state mend i«*gislation by <’ongr«*ss em pow er freight curs by actual count ami at.
At Topeka,
not apply either as to the property sub tion, joint stock company, or copart m ent required by this act, which state ing the governm ent to tak e charge «if Springfield there are 379.
ject to assessment or the mode of assess nership, or person, not incorporat ment shall lx* false or fraudulent, shall railroads and operate them u n d er c e r there are more than 3(H) em pty cars in
m ent thereof, to the assessment which ed for banking purposes under the be deemed guilty of perjury, and upon tain contingencies, efifiecially in a chh <* the yards; at W ichita about 200 and at
Hutchins«.n alxait 50 cars.
but for this act would t a made in the corporation laws of this state or of conviction thereof, shall t a punished like th e pr«*sent.
year 1907 upon the lias is of ownership the United States, who shall keep by law as otherwise provided for such
and valuation of property March 1, an office or ¡»lace of business and engage crim e.
Oil Pipe Filled With Salt
Data on Shipping.
1907; but the statutes which ta v e here in the busin«?s8 of banking, len«ling
lz»s
Angeles,
I)ec.
]
K.—
Cablegrams
W
ashington,
Ikx». IK. — Re|>resenta-
tofore been in force s ta ll continue in money, receiving money on d«qx»sit, (Repealing clause.)
receiv«»d
at
the
office
of
the
Union
Oil
tive
H
um
phrey,
a t the president's re-
S« ction 10. That sections 3042, 3063, company, in Iz»s Angeles, say that th eir
full force as to the assessment for th a t buying selling bullion, bills of exchange,
•juest, will subm it a statement regard
notes,
bonds,
stocks,
or
other
evidences
3004, 3005, 3007 and 3068 of the new pipe line across the Isthm us of
year until all things in and a ta u t the
ing the eondit ions of Amerieitii ship
same, n«*cessary to a valid assessment of indebtedness, with a view to profit; Undoes and Statutes of Oregon, com pi I- Panama was fllh*«l with 2.5,000 ta rr e ls ping on the Pacific const, the president
and
it
is
hereby
ma«le
the
duty
of
the
ed and annotate«l by Hon. Charles B. of salt. W hen ready for us«» the oil
for taxation, s ta ll have been done as
desiring th is «lata I «»fore completing his
fully as if this act taxi not been enacted. cashier, managing officer, and account Bellinger and W illiam W. Cotton, and will he ¡>iiiri|x*«l from the Pacific to the message to congress urging the ¡aissago
ing officer of every company or associa all acts and ¡a rts of acts in conflict
Mr. H um
tion, including building and loan and herew ith, ta and the same hereby are A tlantic through this pijx*. The open of a ship subsidy bill.
ing
of
the
line
is
ex[x*eted
to
solve
A B ILL.
phrey
told
thepr«*sldent
yester«lay
how,
tru st companies, incorporated under repealed.
largely the fuel problem of the isthmus. unless some form of government aid is
For an act to provide a more efficient and the laws of this state which engages in,
equitable system for the assessment of bank
Fourteen thousand tons of coal are now grant««!, the two Ameriean lii,eso,M*rat-
(To I mi continued next week)
stocks, shares and banking capital for taxa but not as its principal business, the
ustxl there m onthly, hut it is ant¡clpat- ing lx*tw-e<»n Puget sound and the Ori
tion; to define what bank stocks, shares, and business of banking, lending of money,
banking capital shall be subject to assessment
ed that oil will s«x»ti lx» the fuel in ent, the Boston Steam ship com¡Ntny’s
S te a lln ic a M a r c h .
and taxation, to whom assessed and taxed; the receiving of money on deposit, buy
use.
to define the duties of the county assessor ing and selling bullion, hills of exchange,
ami H ill’s line, will have to sus¡x»nd.
“ Hang It ¡ill!” exclaimed Mr. Sububs.
in reference to the assessment of the same;
notes,
bonds,
stock,
or
other
evidences
arriving
home
from
the
offl«*e,
“we’ll
to prescribe the manner of determining the
Big Tunnel U n der C hannel.
cash value of such banking stock, shares, and of indebtedness, with a view to profit, have to cull on the Duhleys to-night.”
T o rp ed o -P lan tin g Boat fo r C o ast.
banking capital; to prescribe the duties of the
London,
!>••«•. IK.— A lull cm|x>wr«»ring
ta
t
ween
the
first
day
of
April
arxl
the
W ashington, Dec. IK.—The secretary
"Why, iieorge, you said you w anted
companies, corporations, associations, copart
nerships, and persons subject to the pro fifteenth day of May in each year, to to stay home with me In cejnfort to an Angl«»-l-'r«*m*h (,«un|»iiny to eonstrm ’t of war txxlay ap|>rov«*«l the recotniii«»nd-
visions of this act, and the cashier, manag
a tunnel uinler tin* B ritish e ta n n e l loin iition of the chief of artillery in that an
ing officer, or accounting officer of either of make out and furnish to the assessor a night.” exclaimed his wife.
It is appropriation of $175,000 should t a
them; and to provide penalties for the vio statem ent, setting forth and showing
‘A «*s, but Oubley told Balklotz be and h«x*n dc|x»sit<*d w ith p arliam en t.
lation of such duties; to create a charge for
est
i
m
utai
that
th
is
schem
e
will
involve
such
reference
to
such
banking
business
ma«le to eonstruet a toqx*do planting
the payment of taxes on dividends, stock,
bis wife meant to call on us to-night.
It is vessel for use in the linrtars of th«» Pa
shares, and banking capital; to provide for in this state on the first day of March We can leave their bouse earlier thau an ex p en d itu re of $K0,000,000.
the sale to pay delinquent taxes thereon of
shares, stocks, and other interests; to amend of the current year at the hour of 1 we could make them leave oura.”— proposed to build tw o parallel tunnels cific coast,. They deem the construc
24 miles long.
an act entitled “To fix Use place of assessing o ’clock a. in.;
tion of such a vessel highly im portant.
Philadelphia Press.