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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - November 11, 1910, Lethbridge, Alberta 11. 1910. I A" iH j-ittA'L We hiive several good propositions in farm binds which, are worthy your conxifleration. Come in and let us tell you about them. We are exclusive agents for FAIRMONT, the safest ami projfitrtblo iuvestnieui in today. We represent The North American Life London Guarantee and Accident Assurance Co., Ltd., of London. F. COMPKNY Representing: North American Life Assurance Co., London Guarantee and Accident Co. Phoenix Assurance Co., Limited, of London. Offices Edmonton, LETUB1UDGE. Iligli Kiver, Nanton, Vancouver, SPECIALS 4 lots. Block 1, North Ward, on water, S200 each, one-Quarter cash; balance three, six, nine and twelve months. '2 lots, Block MS, Nortn Ward, ?300 each, one-third cash; bal- ance six and twelve months. 4 lots. Block on water and sewer, 5700 each: one-third cash, balance six and twelve mcntns. Xlols ou Glyn Street, (near each; one-third balance four and eight months. 3 lots. Block 23. facing east, near McUvu'f street, 5CS5 each; r one-third cash, balance four and eigh: months-. 7 roomed fully modern house, good location, ?3500; cash, balance in monthly payments. R. V. GIBBONS CO. Phone 1191 Ott Block THE LAND TAX v By Ray Robson in Single Tax Review j The single iax is a tax levied only ion values of a single kind: that is. j the other kind of values, ihe opera- j Jon values which result from the'.op-; tioa or the laws of value is aifoctet! jeraao.% under similar conditions, ofjm a different way. Let us suppose ;tUe iavvs which govern value. The [there are 'only ten diamonds in ex- jattvantage resulting from the taxing tics inseparable from ,our present sys- tem, or lack of system, of taxation.' but it may be objected that these val-i ues have come into existence, and oecn considered private property, jljDoiiniu and soid iu many cases paid I produced by labor, and j _ j tiierefore that innocent holders would j if a, tax be levied'on'one ofjsmrer such a radical asi [drawing governmental revenue entire-i this one class of values, .1 Now, I ara willing to admit, though j all single taxers rnay not be, that im-! this one kind-''of value can be bet- understood after we consider what ;are the laws governing value, in what Uiey oj-erate. and in what i their operation is affected by taxa- tion. istence, .all.exactly.alike and all own- ed by the same man: and a hundred people are willing to wear them, but, only ten are willing 10 pay 550 per for the privilege. If a tax now be levied of per year on each dia- meaiate adoption oi the single uixj would inflict hardship upon in- noceut tiut there is no likeli- hood of such sudden action being tak- en. Most of us would not favor if it were possible. how" can a gmd- ua' change be made? It has been sug-: class of property i GROW APPLES at FRUITVALE WEST KOOTEHAY, BRITISH COLUMBIA and live in comfort. Ton can live in an ideal climate, enjoy fine scenery, hunting and fishing, and make mors money on an ORCH- ARD TRACT at FRUITVALE, than you can on 160 acres of prairie land. GROW APPLES, pears, plums, peaches, poultry, AND GROW RICH. Others are doing not YOU. Splendid climate, high winds and dust storms unknown. Proofs, plans, FRUITVALE LIMITED, 23 Ward St., Nelson, B. C. ;T, N. CHRISTIE i CO. Real Estate and Financial Brokers. Agents. Diamond City. Torroslte- lasnrance, Loans T. N. Christie, Notary Public, Diamond The Bowsley Real Estate, Loans and In- surance A. M. Dowsley J- B. Vulhern Phone 5M 5500.00 iaJidles new 6 roomed house on Rogers St., fully modern, including fire- place; only S400.00 handles fine fully modern cottage on 14th St. south. Everything up 10 date, ready for .use by' Dec. 15th, each buys 2 lots on corner Courtland and iiam. Easy terms. Furniahed ne-w 7 room house close In ready for use by 15th. 160 acres of irrigated land close to new park. Easy terms. jinond, what happens? Does each Value denenas upon sitoplv and do- wearer pay the owner S75 per vear inac S0me mand existing in' cerraiu "relations to the latter can retain S30 afier'pavingi66 irst exempted then another, uli 'each other. mere sioitltaEsous "e tax? Not at all. He has been IIlnally n0ihms ls leEt but the iexistence of suoolv and demand does Paying ?oO per year to sratiiv himself. UsUc values" "Bllt lfc seems to me 'not alwavs cause value w.wa .-t. The and, as he will pay no more 'to gratifv! plan is lor a atatj demand for air is- sreai, but t'se say his desire when tax is levied the to a !aw reducmS the rate is still it aas no VAI- er must pay the ?25 tax out of the of teU Cent' ye3V, ue. And, in any it supp-y ssn varrfvArt J Credits, personal property., real exceeds demand, .-value does not ex- ist. This may "be doubted. It insy be said that more hats are in existence tnan there are people to wear them, this considers only the demand for immediate use. There is also a de- mand for future use, and a demand tor received. And in all cases where! values of this nature all, the operation of the law is affected in tne same way: i.e., a share of the val- ue is Taken by the government without a possibility of the tax being shifted by being added to the price; or, morei correctly stated, the rental re-! j leaving- a greater share each succeed- ing year to be borne by the values not; I i of values-has -been observed, to be dealers to be prepared, for a f i- '-uni (maius the same- while the selling price i demand, for Xo mauer what the is reduced in the same ratio as the! nature or origin of a demand, its strength only Is of .importance. If tne price is sufficiently reduced, do- greneraily nearly equal to the other-, j be tax bears to" the rental value; for in- stance, in the illustration given above, the selling price of the mand will spring into existence until i only half as much as before tie tax it exceeds the supply. So it is clear was 1S the Uleory that all b values be absorbed monopolistic by government. 320 Acres Cash East 1-2 Sec. 11. Twp. 9, Range i4. S18.50 per-acre; per acre cash, balance to suit Close to school house. Nine miles -from town and elevator and fine ..piece of land. Fins business corner, Lon- don and Round street, T5 x 66 cash, balance suit. Good Iriys in Grassy "fjJf.TnJ residenria! lots, close to the hotel in both Remember you are direct from the owner, W. 1 Williams value depends upon the what principle of taxation is ence of a demand greater than a sup- correct. to levy a tax which in- TJie single tax will be practically in effect when tiie -bulk of. revenue is from this source, whether the part left in the hands of the present possessors be great or small. When PLACE ORDERS NOW For your wants from the Nursery, Plant late in October and not next spring. Be sure and include a few. eigfet .foot Russian Poplar in your order for shade-aiid wind "breaks. Special price 85c each, per dozen Express charges prepaid to your station Our Currant, and our Black Champion are premium winners, highest quality and perfectly adapted to prairie planting. i. O f Two years, per dozen and-erpress prepaid. Three years, 63.00 per dozen, a ad express prepaid. We prepay express charges. We guarantee our goods to jrro-w. We want to mail our price list to-yon. We want to please you. Place Orders Kooteflay Valley Nurseri Mirror Lake. B: C. Uiic veut, a i enough to decide whether the runc-i i poor man's loaf is taxed equally with Stums of government shall be enlarged! j the nch man's, and he eats just as i and the remainder of these values much to pay the evsense I nence is checked by The single tax is generally consid-l increase in-price, a resul: snre to as a land tax, which explains! iow, and no Mess important because'much of the unreasoning opposition j more diiticclt to measure. Is it wise! to the reform. For land, in tha ordin-j! to tax consumption and hinder produc-SarV sense as used for agriculture, or T'.rm-f j a place .on which to build a home, in-1 uoin P. 0. Box 3 Phcne 1069 ply, and that value increases as creases _tfie; value? Remember that, mis point is reaches, it will be soon1 Imand increases, and decreases .as if bread Is taxed one cent a loaf, the i enough to decide whether the ft 'supplv increases. i The origin of the supply is also un- j important, its existence, actual or pos- jsiblej being alone'worthy of consi'ler- laUOE, and what is' produced only by iuuaan.' efforts are equally under'the but anything produced by human 'effort cannot be produced in quanti- ties sufficient to cause the value to cease to exist, for, as the value de- che decline is checked by the 'sudden growth of the speculative de- jmand anu-cipating the future, until the producer finds, he can reap a great- i er reward by producing some other i commodity. This means that the val- jue of a product of labor fluctuates i about the point at which the labor' is j equally valuable for other purposes, j j bur -it means more than this. It j means that the cost of production, i.e., the reward which the producer might Gave received by producing something else, does not directly fix the value, _To tax th.g other class of values simply takes' "for the purposes of gov- so much so that, according to the single tax theory, is not taxable, ernment a nart oi the value which ex1 i and is of so much less value than the I ists, not as a result of anybody's lab- or, but as the result cf a natural lim- it of the existing sup-ply. Instead of checking consumption and burdening it exempts 'both from the Durclen of taxation and taxes only the privilege of using or holding certain aggregate' wuich under this plan j would be taxable, Including water-power, irrigation rights, values j of franchise of public service and oih-J er corporations, that nine farmers and! nome-owners out of every tea will cer-t tainly be relieved of 3. large, possibly! valueg monopolistic in their nature the greater, part of the tax with which j because unaffected by the possibility tney are now burdened, of further production. As 3. fiscal reform the propostion Is certainly beyond criticism.. The-i influences It only by tending of siEsle tax is unfortunate It' hindering consumption jSi. LOUIS MAN BEiS HE IS TANK, j increase or decrease the supply. reallr means abolition of taxation labor casual 600 PINTS OF BEER I auuu. Now we observe that demand, hav- ing its origin in people's -desires, is always variable, and that in the case of products of labor, supply also is variable, thus alowing fluctuations in each of the factors which cause val- politician, -philosopher, and ue to exist, the fluctuations of one i realty owner, nas begun an exhaus- i actor only, supply, being subject to !Col. Abe SJupsky, Politician and Phil- j osopher, PIans to Drink Two Barrets in Thirty Days St. Louis, ilo.; Nov. Abe SMALL MORTALITY LIST jtive test of man's capacity for beer. i The colonel has bet S10Q against j j with rtro directors of s. jthat he can drink twenty pints of one j brand of beer every day for the next unity days, Sundays excepted. The total quantity to be consumed is 600 which equal 300 quarts. Consider again the suppositions case of the ten diamonds. If their selling. price, before the tax was imposed, i to meet their growing The single tax Is simplicity itself. It does equal and exact''justice to all. s 'production without It relieves alike of their pre- burfleas. All civilized govern- sent ments are insearch of new sources of j i -each, tne price after the tas was imposed, which cut the ia come in two, Ts.-o.uld be SoOO.each. Sup- pose the owner sells the diamonds at England and to attempt Germany are j fiscal6 experi-i ments based upon the principles of this doctrine. When, even upon a n tne influence exerted by cost of pro- duction. But in the case of things not pro-jlore tax vas Ievied. In o1Jlerj duced by labor, but furnished by ..no burden of taxation will bei tfiat price. The new owner's per cent.ismail scale, its yastice, its simplicitj-. of income, after paying the tax, isjits revenue-producing and its the same as that of the old owner be Deneiiciai economic effects begin to un-derstoocl, there must-' follow, perhaps, but none the less sure- ture, the conditions are ditlereni. Sup-jleltj or can exjst> ply is a fixed quantity. Fluctuations jis in full this lts general adoption as the sole in value depend entirely upon varia- tions in the factor of demand alone. j seventy gaifons or two