Show Tangible and Intangible Property Ri RIn R J i In voting yoting for one of the thc proposed propos iI constitutional 1 changes at the coming election we the have haye to deal with tan tangible bie and intangible property It Is propos proposed d to tar to-tar tangible property thun thuri lutan Intangible ihle property The Tire present prese t law cont contemplates that tangible and intangible property shall be taxed alike which is apparently impossible Therefore the is to tax tux the the two classes of property differently Tangible property is property that can be seen and it may be or 01 real leal estate Intangible property is property property prop prop- erty that cannot be seen It consists of incorporeal hereditaments that is rights debts and all uli property that cannot be seen For instance a note or bond or a u sahn salary or 01 damage claim and end such matters are Intangible prop- prop ert elt A note or bond is merely evidence e of a a debt and not the debt itself itself The Time debt it itself elf cannot be e seen But Bitt money Itse itself r is tangible At least gold old and amI silver sil Is Of course paper money is a promise to pay so in that sense it might be called intangible but however howe er it has the stamp of the government o upon upon It that says it is legal tender so it i it safe to say fay that all money is tang tangible tangible ible property |