Show slate tax the provides that the rate ot taxation on properly for states purposes shall never exceed mills on each dollar of valuation ond whenever the taxable properly within tha stat shall amount to two hundred million dollars the rate shall not exceed five mills on each dol nr of valuation and whenever tie taxa ablo property within tho state shall amount to three hundred million dollars never thereafter exceed four mills on each dollar of valuation but notwithstanding that provision it is proposed by a senate bill to levy this year mills on the dollar which would be the fall limit it in also proposed to refund the territorial bonds previous ly issued and to issue two hundred thousand dollars more to pay off the deficit left as a legacy from territorial government it deeon to us that buch a policy would be suicidal the governor annealed that six or six and a half mills on the dollar with the inc reisa in assessment by reason of the taxing of mines and mining property would be sufficient we believe his j edg mout was about right the total assessment ses last year was ant little short of ninety eight million dollars and it if believed that with the assess meat as provided in the revenue law it will reach at leant a hundred and twenty million dollars that being bruu a six rate would bring seven hundred aart twenty thousand dollars which seems to us sufficient half of that amount would be for and the other half for contingent expenses the bill before mentioned proposes a five mills rate for contingent expenses which would bring six hundred thousand dollars and a three mill rate for educational purposes which would produce three hundred and tn thousand dollars the latter not be too revenue for oar wo schools inasmuch as no benuta can this year be had from the eliud grants hat we submit aba six hundred thousand dollars are not required for the maintaining of state government IQ this connection we might state that the abolishment of the fee system will augment our revenue gon bomon on the floor of the senate argue in favor of placing the on n cah ca h basi which is of couric cour ic foi it does not pay to havia H abent a lot of paper but a surplus in these cul anun is rather corp morp condemns cond emna tory lb arn in deposed sed an 1 are naturally tant taxi will be excessive under 1 the governor wl tho UVA m lid not be inore biao n mill or n null and a liaro wai n gemeril ge peril of now when the proposition is to raise the three swe desire to protest wo do no II 11 lid f ing of th faaulu bi in ut alie vry v ry on 4 it seems to ap hn 1 w predict it will prove disi ro i ti tb party if HO kr daxe down ind apt nid continue to beahn watchword word |