Show killing ug twe th e golden gooba A bill has been introduced into congress and already has passed one branch brana of the national 3 legislature legis ure to tax the gross proceeds t f ki efm 1 ines of precious metals and it citing a vast deal california nevada and colorado color ado petitions petition anro being widely idely and signed and protests ats against such action on tho part of congress are being forwarded to washington representing santi 0 as well the injustice as ag tho the im polley of theace proposed on thep tha patt artof of many mem beis of congress there abera have long been crude and add indistinct notions th that att our mines of precious metals should bear a large propof proposition flon odthe ozithe of ithe the enormous expenses necessarily in in cured in putting down the rebellion while it I 1 is no anore than th an right that th the 6 mines mine s the of the nation should bear their proportion more of the taxation which current eventa entail on the entire people and on every industrial interest etli much to bo be feared that thai the knowledge odthe facts may induce ta levy burthen on mining as will rest liel its ita operations and in jhb alib end do mole moio harm to the vencial welfare than it can possibly do good goodgo ta the national treasury th the old old story of killing the goose winch ich laid the golden cg egg 9 11 has ha ile peculiar cullar application to current events alent 4 I 1 11 L I 1 before us ug a memorial m orbal to congress of san F francasco FrancS fancisco ran cisco stock and exchange board on this subject ef I 1 which is worthy of consideration by that body it II sets facts which should be well weighed cro a fatal blow lie be bied to mining interests on the A tax of jue file per cent on the 1 1 grots proceeds of the wines mines I 1 seems not no t atI first blush I 1 but iben whan 1 I it t is is hii fc onide r all tho the companies an lve d and lil operation bow how few of them ai e paying of dividend tho the and in justice or of the tax becomes become ap patent in the carly d tys of california when placer minin milling g was tho the general occupation of the 1 people cale gold was readily extracted by indi ind iduas dna ehll brt and without the outlay of largo ti f for labor and machiner machinery y now how bow e v I 1 when silver minin glias has taken the place 0 of goad 6 fa p placer 1 acer operations tho the case is totally t i 1 bai oie one doll bollal a can be cali acted to 1 p ay 1 I the k coat of labor anch less to drefin mm ba buie 0 wn eneis cis in the way of dividend or profits profits 1 I immense sums must be expended for labo la borni r in mining tunnels limiel vi miel pinking and for the caecil erection ion of costly machinery on the whole u bol 1 ina y well be d doubted whether every ajl jo bained atom the silver mines minca does doe s not ic an of an equal amount to procure I 1 it the memorial before us says it is perhaps safe to state that 75 lier per cent of tho the yield of our mines is ia unproductive 11 I 1 e of profit r to their owners if not of ab and yet alt it to that ctet ta the general pi pio inerny of the people and the government this startling fact will become mot e AN stated that bren even in thu tho ciso case of the gould arld curry iiii mine ne by far the most success successful fill in stanco of mining this coast and producing half a millian dolla collais is per month not mole moio than 35 25 perc cn nt ot its yield is 19 in and that ej tent cent or of thu tho proposed tax bould fall fail upon the outgo outgoings ilig of tile company Cum pany and not upon its it 4 Js to demind 5 3 our honorable bodies that buch a tax would thi thus s operate to dele del attha i 1 cry object that tha the government most moa desires to attain would be inconsistent with nil all pip legislation and ca an anomaly in political economy cou omy again its it should bould not be fori forgotten forgot fen by congress ii bile thus proposing to tax the e expend as the profits prof that Tin unde detho riho luterio lut erid al i fley nu act now on oil ti the 10 st statute tilte B bok tho the J qa 03 of those companies aie with those of to t o that proposed pio plo posed bill become a law tho the anomaly 1011 be ted of one clas of people paying a tax two or abree times limes on the tho the loyal people or of tho pacific slope however will so far ats is they can pay even this tax it if nece necessary ssaN to P orttie ortt be L tion in I 1 t b FI jle 11 t s t I 1 aig kil t it should betoken betaken 1 nto into bow tl nun 1113 3 ohl 01 tl ic min apes nollin now in t alie I 1 iq ag cg at 0 yielding immense so 0 yes is 1 1 I 11 be compelled fa ce w a he operations ns and at least fetish shut ahn off ff a potion po a r ron of the ister j steady T dt stream which I 1 goes to enrich eur fb the N nation aaion k hundreds dr s of othe the mins mines day send 0 out ut s i I 1 unable to declare a dividend because the outlay equals the yield in other words because each dollar produced requires a dollar fo extract it add iben then a t tax ax of five per cent on the gross proceeds and the mine must close to just that extent is the government deprived odthe sinews of strength and the ta taxable s able proper the nation diminished As yet utah has little interest in thia question but the day is not far distant when her developed nil minerals gerals ft al ill b begin in lopour out their wealth and sustain the baxes taxes imposed f li |