Show GOVI THOMAS DECLARES COLORADO IS ISON ISON ON THE VERGE VERGi OF BANKRUPTCY Denver Jan an S Thongs today tod y transmitted his final message to the legislature In it i he said sid Our credit Is exhausted and we w are lace face fae to face with wih the alternative of roller relief or bankruptcy I would uld recommend recommend recommend mend that our great gret industrial corpor corporations coror operating and an owning property scattered satere throughout the state be placed with the transportation compan companies lea ies If under the jurisdiction of the state board b rd of equalization I know of no other method whereby they the can cn be compelled to ratably ratably and justly con contribute contribute tribute Ao to the public burdens buren Their evasions of the revenue laws are ae gen general general eral erl and notorious Experience teaches that two meth methods methods methode ode of reaching personal property may maybe maybe maybe be effectively o employed One is the taxation of incomes the other ther 0 Is of ini in inheritance They are neither novel nor burdensome The governor advocates the taxation of franchises He recommends n s a bond j issue for the refunding of the entire outstanding warrant indebtedness of the state including th ex excess eras cess warrants and accumulated interest t thereon The debt dt bt of the state the pay of which the governor declares some provision should be made for amounts to The revenue commission ion appointed by Governor Thomas has baa submitted a ma majority majority report which outlines a plan for raising additional revenues that will throw the th burden of increase on cor corI j I and concerns heretofore ex cx or only lightly taxed The com corn commission commission mission expects by b this method to raise additional revenues re of a year |