Trenton Times, January 21, 1890

Trenton Times

January 21, 1890

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Issue date: Tuesday, January 21, 1890

Pages available: 4

Previous edition: Monday, January 20, 1890

Next edition: Wednesday, January 22, 1890 - Used by the World's Finest Libraries and Institutions

About Trenton Times

Publication name: Trenton Times

Location: Trenton, New Jersey

Pages available: 40,290

Years available: 1883 - 1906

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Trenton Times, The (Newspaper) - January 21, 1890, Trenton, New Jersey VOT. NO. What He Says on the Sub- ject of Kallot Keform. HEARTILY IH FAVOR OF AH EXCLUS- IVELY OFFICIAL BALLOT As to the Matter of Regis- tration. SOME GOOD SUGGESTIONS. What the Governor Says of Bribery and _, Intimidation.' Ev OK THE SENATE GLNFI I tiKsume for a second time tht of governor of the state, fully R] pre minting the high houor conferred upjn mo and deeply impressed with the gnue sponfeibilitiea imposed by the duties of tlu r fBce I shall devote my best em rgi s tc advance the prosperity of the state and secure to the people the blessings of go >cl government and a wise and economical ad ministration of public affairs. I take a just j ride m the emlted position of our state among her sister common in her material growth and pi os pcrity, in the increase of her population and in the conservative and moral sentiment of her people An imperative sense of duty however, impels me to present for your coii sideratiou certain facts and questions de mandmg legislative action, together with my own views as to the proper mode of deal ing with the conditions thus presented You will, in the exercise of your independent judgment, as you deem for the best in terests of the state My duty, in acting upon proposed legislation, will always be per formed after a most careful and respectful consideration of yoar views, and with a rtre position to yie'd m matters of detail, when no principle is involved, in a difference oi views between the legislature and the execu tive The most impoi tant question presented is tho present financial couditiuu of thu and the best mode of dealing with it The legislature should know the situation, so that it may act promptly and efficiently The estimated income of the state for the present fiscal year, according to the comp trailer's report, is The estimated expenditures for ordinary state purposes is fl'ed by him at Ift addition tc these ordinary expenses the legislature has heretofore made appropriations for purposes, without providing any means for payment thereof With the present sources of revenue and the present rate of expend itures, there is no surplus to pay these ap- propriations. The present revenue of the state mnst be used for the payment of the ordinary ex penocs of government The executive, legis- lative and judicial departments must be -Ttvi usyramx, prisons, rclormn torjr and other institutions of the state must be cared for The present income of the state being only sufficient to pay the ordi narjr yearly expenxs, some utUoi uieuiu must be provided for the payment of extia or unusual appropriations At the end of the fiscal year, Oct 31, 1889, there was a de flciency of 57 It is probable that a portion of this sum not be ncoded during fiscal year, but tho whole amount must be pro- Tided for if the present obligations of the state are to be liquidated. The state will require of the above amount at during the preoont fiscal year to meet its accruing obligations Provision should be mnde at once for the payment of the HOO.OOOjplJampojarj Joana upon which the is paying at preoont interest at the rate of 5 per cent per annum The state ownn shares of railioad stock which, ot the price paid by the school fund for other similar shares, are worth The as- seta if used would 7leld nearly enough to liquidate the deficiency. Those securities can be sold or transferred without additional legislation by the action of governor, comptroller, treasin er In usteoa for the support of public schools ThiR transfer would give the school fund a 4 per cent, investment on the money paid for these shares, a higher rate of interest than can be realized upon new investments of thin fund There has bocn a hesitancy upon the part of the state to dispose of these flKsnts, even to pay temporary loans a hesi which, in my judgment, has bocn T-lse, because the legislature should provido for the payment of the expenses of tho rtato goveuiment from other bources and these securitl s for great emergency de- maprimg thoir use Such an emergency docs uot now oust If, however, the legi- lature falls to provide for this I shall then deem it n tae to use these sccuri ties to extinguish the t pu must bo built or provision mndo f county institutionstocnre for cort un of oriminnli, or there must bo nn ixtnnwm of the state so as to nfford mlditi mnl The extension of the ntnle prison require tho at least icT n i i i i un y it, tl e prison t e n i i u ii v til eiit bin tli liuuib i jl c "limn Us n UK islng as the population of the stau and of thi- ye it cities adj icent to it mu Ujih Vanous hive been ma lu us to legislation to miet thi prtstnUUh i uc) aid, also, t) piovllu sufh i i t tl nv-halt of 1 per cent up i all of th u pi p rty used for r-uhoal i id can il p ip s, the value >f tli u lii cln Hie additional state tax winch i jp np i itei toiounty 01 muni i[ il p li) ss i 1 nve 1 fi om only a sm ill p ti n >t then pi poi ty Ihtie is exempt hoin tliH tax which IT one fur municiiulus s t! s miiu stom of the rail roads the wut inavs >f thu cumlsandthe franclu s ai 1 p ismal popcity of these corporal fli i i K f t subject to this tax for mu- nicipal us s only tin leal estate used for raili nl UM I c i i il pui outside of the main st a c f the railroads and the water- ways or u e eauals J annex Hereto a state- ment winch separates the totals of values taxid in th M irs ISM t) Isyt inclusive, into items f nuin stem and waterways, franclils s p rs tul ploparty and real estate other than main st ins or watoiwaya The total of all th s it ms a slate tax of one-half of 1 ei cent th I ist it m pays an additional ttix foi tli ti localities. This additi jnal tnx is limiied to n it ex ed ing 1 pei cent It the loc il rate is less than 1 per tent tins item onh pivs the local rate u ttw hell iiitt ex ids 1 per cent the ccnp mtiou gels the advant- age of the 1 pei cent limit itiou. The figuies m tin stitiuvMit sluw that the mcreus of i iili oad propel ty is IK t sufficient to more than m t.t tlie natural increase of the ordinal t xpcnses ot the st it This staten eut shows ,800 of real estate To ascmtam the amount of taT which this pi i ty w m! I piy if subject to full lo al rates it is neces ai v to apportion this value ol mam st m a the several taxing chstiicti in the s-tat I present to you an appirti nment of this amount among the taxing ills'nets of the state, which I brhe-ve is ucuiato The annexed lib es saow tint tho advan- tage to th se eorp irations is where the local tix i itc. is hi li t The ent i leal stat- us d for lailroad and canal pin p is s in th se thnty distil cts was assessed miss, a total tax of 8970'i which includes both the tax of one- half of 1 per cent and the additional tax for local usi s t ix at the local rates, on the real estate use 1 f i luilrual and canal purposes in thps tlinty laving districts woull yield sun of The diffeiencc between this lutt r sum and the total tir ass sse 1 under the act of 1SS4 is wluli i, the value of the ex empti jus n 1 limit iti ins in tin 30 thirty tax ing districts' ict nvd tir c jiiioratioiis under the act of 1 This advatitiL, e rtamly exists as stated, unless it ca i be 1 njnsli ated that tho valu- ations of i al estat m th se (listnets by the local a-ss ssoi is only about 4 per cent of its true v line fhe valuation of real estate by local as e in tli se districts certainly reaches ovei per cent of its full value If we take the bins of OJ p i cent this ex- emption woul 1 am unit t the sum of 3J-f4'fin this thntj dislncLs 1 his latter sum is obtain 1 bj liking from 18 the sum ot fjJiiiMjT winch latter sum is 40 pel cent of the f 1 j 19 .1, above men- tioned -and by that thu railroad and canal propel t} is assessel at its full value There aro H othi r taxing listncts m the state containing propiM ty use 1 for railroad and canal p n pose An tximmation of the looal tix mles theumfjr shows in avcTafp tax late of jit pur 000 In these il) taxing disti lets there was lo- cated in fn pei cent of the real estate of the main stem if the nulioads and of the wutfi f i the 1 til real estate was v iluc J nt 'K3 ,0 Those corpora- tions pay on this pi op i ty a tax to the state of >no half of 1 per cent, amounting to This pj is oiBuipl from all louil Ux In the sa ne taxing districts there was also located 10 per cent of the real estate used foi i ai road and canal purposes other than mam stem and waterways This was valued al 8i It paid a tax of one halt of 1 per cent fur state purposes, and a tax foi local uses at a rate not exceed- ing 1 pe.1 cenfi The records make the total tax paid on fhe real estate used for railroad an 1 canal pui po es in these 345 districts t m, This latter amount is all that these cor- poialicnis pnid on -a total valuation- of 4J3 (U (U nf i ostntB m 245 fr-r- Iwtilcts This would give an average tax rate of 0 II mills, or 11 on each of vnnition The value to the companies of thts in these 245 taxing dis- ti icte uml i the act of Ih84 amounts to W IE I he claim is made by tho corporations tint in tbose districts the local assessors do tot tax estnto at its true value, and that the htatt assessors do tax railroad and canal piopeity at its true value, the quistiou still remains as to the practical re- sult of this diffe'i ence, if it really exists. If tho local assessors assess only 00 per cent of the v ilue of real eslate in these districts, then the companies would be discriminated against thei em to the extent of 40 1 his would sti 1 leave in the whole of the 27u taxing districts nn advantage to the _u nvpr inndividuals of 09, orovti more than the which would b- obtained by the additional state tax of one mill on railroad and canal prop- erty By the above statement it will be ocon that thf tiauchises and personal property of the railioad and canal companies to the ex- tentof MS.lSScVl are left entirely free from any local tax In view of tho above facts, if the necessi- ties of the state require this additional rev- enue, it is for the legislature to consider whether or not tho imposition of this addi- tional tax of one mill on railroad and property cannot bo levied without doing in- justice to these cm poratious The gov ernoi here refers to taxes derived from miscfil i neons corpoi ations, and recom- mends the imposition of a Collateral inher- itance tax and tax on legacies I am in favoi of fixation upon in- dividual nncl coiporate property I favor .the continuance of the method of taxing rqilroad and canal property under the pira ent system of assessment by a state board of nmvoosors. The general tax acts, as affecting other clmo-os of propel ty, should, however, be re- vised. There are inequalities of and violations of the law by local tax assessors In many localities which, in my judgment, demnnd legislation Tins legislation should provide, in certain cases, for a ipvlew of the work of the local nssonoors by state nnd ouunty boards There aro undoubtedly mi valuations made by some ot the local V t Oft. i >ns by rea son of licil failing to assit-s the of in lividuals at Us full value the plOjei re IH h thelifor v oul 1 beta to th i 11 trati in the right to up peal to somi ]ii 1 c al ti ilmnal 01 some stut board to mipt 1 the assessors to do their full luty imlirth (institution antl their oathol iltlie lain opposed to an} attempt t( impose llnfiili bunlens upon the great intuesth represent d I y the railioad and canal companies of the state I ask howovcr (n IH half of the people, that the legislatiii e will by agprnpnate legislation subject this class of pi perty to equal taxa- tion with that impose 1 upon the property of individuals The lest so itimcnt of the country m all the statcpartmont li notion of tht vur on or before th to the City Cle JiV I IV f J ,t YOUR "WANiS" INJCHS ;