Show l MINING NEWS NEWS AND STo SToK STOCK K REPORTS I BULLON oi MINES MINS IN WIE ID AVOR PHOE PHOENIX IX Ariz Ath May IS Arzona S.- S. Arizona mine owners ownen are d deeply concerned ove over the te taxation question queston Few Fe of them or-them them nr ar aro In favor of ot a bulon bullion tax tu tT but endless endie endel Ut cation gation aton Is likely to arise are unless a bullion bulon t tax bill bi Is passed at It the te special leca session o othe ot of the legislature which b began Thursday Under a a law Jaw adopted May 14 1 during the regular session that has hu just ended ende ende that the tha t taxation of ot mInts mines is left lett to the county as assessors and ad the state tax commission I This Thi return to t the te old tem I is not re regarded re- re f- f fI with wt favor by the mine owners owes or orte orthe orthe te the te people at t large Some d six Ix years yer ago Governor H H. H y started a movement to t raise rase the valuations placed on all aU mines mines particularly particular place ly Iy patented et About bout the theMe same unie Me time the te territorial legislature passed a bill bi assessing producers producer on a hul Jaue of ot 26 r per per cent of or th the to annual bul bullion bullion bul- bul lion output Some change had to be made iG for to the te annual returns of ot minIn companies corn com cm- cm were made nde on May 15 Had that thai dat date dat passed s without the amendment amendment or repeal of Dr the bullion bulon tax t law the mines mInos would have been ben automatically assessed on o the 25 5 per cent basis bi for tor tho ensuing ye year r. r On May 14 H the bullion tax ta law 11 wa was re repealed re- re pealed by the passage of ot the the- bill bU creating a a. stale itati tax commission Mr Jacobs then Introduced d a a bill bi placing mines In a special cial ca class clua arid and Ind providing that they the should cu at 60 50 O per par cent of or their bullion bulon production 1 This bill bI was wae In th the hands of or the tte calendar committee when the legislature legisla ture adjourned Before the bullion tax lax system was cras wal ld adopted opte the leeal general policy throughout the territory was to assess mines s very veo low Nevertheless there thee were tr frequent appeals from froni the decisions of or county s One appeal made by the C Copper per Queen Mining company from the ruling of ot the Cochise county counts assessor is now pending In Inthe the United States tates tate mo curt court It I IB Is' Is feared fere that many suits stilts Buts will wl b ho b tiled filed y y- y the mining companies companie It If the matter mater of taxation Is t left lef in th the thA hands halide of or the assessors use asses sore sors and tax commissioners The commission com corn mission ii is II composed of or A. A W W. Howe of or Tombstone George Michelson Tuma Turna Yua C. C M M Z Zander er Phoenix Not one Is IJ a mining Sla but for tO eight 3 years er ears Howe was a as assessor as as- sessor mesor leeor of a 8 count county counts In which min mm- mining In ing is the principal industry I A bullion bulon tax lx is i unsatisfactory to mine owners r because the tho cost of ot production varies Ael in different localities and also from year rea to year year They have been unable however nOe to t suggest any better beter system To 0 assess ape on the tha amount of ot ore blocked out would tend to discourage the tho development development develop develop- ment rent of ot the ore oro reserves In mines like Uke the Copper Queen there ther are great get caves Jn the theor ore bodies making It Impossible to compute a accuracy amount blocked out with any anya |