Show TilE KEVESUE BILL CoxsiDiaiiiin time has been consumed con-sumed by the House In the consideration consider-ation of the levenuu bill Intro lucnl by tho arrays nnd means committee It may well be doubted whether that time lua been spent profitably The bill has at least onejadical feature fea-ture which alone makes it oljeclion able to a degree which ought to Insure in-sure its rejection unless that element ele-ment be eliminated Vo refer to the clause which provides that all property shall be assessed at its ac tualcash value Were this Territory IUiudutries and values In a settled healthful j I and normal condition no urgent objection ob-jection could be found to such a tax law Itllt in tho nn cfitu n r tilings a statute which makes It I Imperative to assess property nt the price at which it might be sole at the time of making till assess mcnt would work disaster to great numbers of freeholders We are having boom Prices especially of realty are enormously Inflated A fetrish spirit of EIeeuI3t1cn ha run values up to fictitious not to 1 say fabulous figures and It is n fact that tlie total revenue possible to U derived from hUndred of pieces bC real estate In this city would not pay the taxes upon them under this bill and the present city ordinances were assessments to be based upon actual cash otTers mode for the property Inthiscity there are large num bcrs of laboring men without income in-come save from their daily toll who own homes the taxes upon whirl would nmmtnf tn WAM n v than their entire earning for the year If assessed at boom prices To compel the as Ecsoor to lay Mich a burden upon them Is to literally expel them from Die City This would not only be grow and flagrant Injustice to tile IJOOr but It would result In disaster the financial iutcre tsol the city and bring about a quicker and more violent reaction after tl e prevent boom The inflation ofl ffhlth wo arts speasing Is rampant in Oils city and Ogden Is felt to a maked degree In Provo and has reached a number cf other towns but has liot materially alTccted values In the greater imrt of the Territory Hciicetaxjayers whose property lies In the place aflected by the boom would contribute much more in proportion than they now do to the mantanauce of the government of the Territory and dUricUchooIs In tills connection we endorse the remarks made upon the revenue bill yesterday by Hon C E Allen That gentleman does not represent either the political party or policy which wefbfror but tome of bach nervations madefy him upon the suljectof cash value at smentii I were sensible and statesmanlike lIe thought the attempt to enforce such a provision would work great injustice in certain portions of the Territory while would not materially ma-terially nlToct other portions and In his opinion the present law was working satisfactorily He was opposed to lies bill and deemed it an unnecessary ruciture This Is a correct view to lake of It C I |