Newspapers / The News-Record (Marshall, N.C.) / Oct. 31, 1930, edition 1 / Page 6
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THPAGE I ,f2SJ m V"J JJ g I I III 0 is v i r,U vim i i . I 1: .if BARBECUE FREE DINNER! HOT COFFEE and other essentials, sufficient to feed 5,000 people. HON. GEORGE M. PRITCHARD, Republican Candidate for the Senate, HON. CHARLES A. JONAS, Republican Candidate for Congress, and HON. JAKE NEWELL, the greatest orator in North Carolina, and other distinguished speakers will address the people on the political issues of the day .-..nnrircTcnrmTiii pfr50N5 MEN AND WOMEN. COMING TO THIS GREAT RALLY AND FEAST, InROclsSIONl IN nTHEK 'R ESPECTIVE TOWTOHWS AND COME IN BODIES TO MARSHALL. f Is &OPED TO ImAKE THIS A DAY OF JUBILEE AND GREAT REJOICING TO THE PEOPLE OF MADISON ARR ASS' BAND AND STRING INSTRUMENTS WILL FURNISH MUSIC FOR THE OCCASION, WHILE YOU ARE EN JOYING THE DELICIOUS BARBE CUE AND HOT COFFEE. i -: Nl n flip NOVEMBER 1, 1930 Speaking will begin at 11:00 o'clock A. M. COMMITTEE ON ARRANGEMENTS I i ...mjiL.i.jitiiwiwiyBBsaCTa W'TMiiW iTi am inn inn mu-"" ... :. : IIS" miW Republican Candidate for SOLICITOR Nineteenth Judicial District Some Reasons Why He Should Be Elected: 1. He is a clean, honorable and straightforward man and is making a vigorous, fair and clean campaign. 2. He is a capable and learned trial lawyer. 3. He is fair, friendly and fearless and would give ev ery body a square deal in the courts regardless of polit ical affiliations. 4. He is a self made man, having worked his way through High School and College. 5. He would prosecute the violations of all laws in cluding violations of election laws. 6. He knows the people of the entire district. He was born and reared in Madison County and has been prac tising law in Buncombe and Madison since his admis sion to the bar. - 7. He is not tied to any ring or clique and would go into office with hands untied free to uphold the laws of the State of North Carolina.' :8. : If elected he. will maintain an office in Madison ' County and give a just proportion ' of his time to the - people of Madison County. He wilt devote his time to, the office of Solicitor. 4 -t Qzczt ' S&ntbn Campaign Committee si to 'give North Carolina a modern, flexible tax system one that means real equality in taxation. The way to do this is, first to free the hands of the legislature to make reasonable classifications of prpperty; second, disallow the offset for dfbt in taxing intangibles, and, third, to require Tho HTidersiimed assignee wstl nut .Jtaxes on them in proportion to the nn snpi-iai snip 01 me assierrcu i """"- " NOTICE! SPECIAL SALE OF ASSIGNED STOCK OF MERCHANDISE a stock of merchandise of L. M. Mc Ewen, Blue Ridge Novelty Co., and other stock assigned to C. B. Mash burn, for the benefit of creditors, at reduced prices. Sale to commence Saturday morning, iNovember Is! and continue through the following week. Special Sale at Retail. This October 29, 1930. C. B. MASHBURN, Assignee. Oct. 31. Nov. 4. AMENDMENT, Etc. (From first page) or indirectly in higher rents. Farms, I homes and other real property ac tually, pay nearly two-thirds of the property tax in North Carolina, al though they make up not more than one-half of North Carolina's wealth. I INTANGIBLES DECREASE j "Intangible property, such a s notes, bonds, mortgages, accounta, I securities, pays only a ' small and ' every year a smaller proportion of 1 our property tax bill. It is supposed , to pay an equal rate but under the I "uniform rule" this rate is so high jthat often no effort is made to en force it. "Vvtiat is the result? Intangibles are listed under the name of solvent credits. The net amount of solven. credit3-that is the total amount less the deductions listed in North I Carolina in 1921, was $193,000,000. In 1930 it was a little more than. $100,000,000, a decrease f nearly I 50 per cent in nine years. The tax es paid by it have decreased propor- ionately, yet we all know that this ' kind of property has actually in creased enormously in amount. It has simply hidden from the tax list er. I "The result is that the burden on real properyt has steadily increased both because the total property tax es have increased and because in tangibles have been disappearing so rapidly from the .tax books. The steady disappearance of1 intangibles has been due to the rapid increase in tax rates under the uniform rule, and to the better education of tax payers as to how-to evade paying taxes on intangibles: First, he " send them out of the state; second, he can convert them into non-taxable government securities; and third, he can - oflFoaeJ - Intangibles with l. an equivalent amount of indebtedness. This is the easiest and most common ly used method. '. f-What it the remedy t" The rem- CHANGE ADVOCATED "North, Carolina has tried so-called uniformity in taxation for 62 years. If we are satisfied with the present ! situation, then we ought to vote to continue it. If, on the other hand, we .are not satisfied, then we must vote for the classification constitu tional amendment to give the legis lature the authority and permission 'to modernize our property tax ys tcm. "Thirty-four other states have i already come to classification and jthey can'i.all be wrong. Here'sAvhat classification can do: "1. End double taxation. Under the present so-called "uniform rale" both land and mortgages are taxed to their full value "2. Ejikble North Carolina in dustries and farms to compete ad vantageously with those of other states. The present system places an unjust tax burden on the farmer, the manufacturer and business insti tutions. This can never be abjusted under the present law. "3. Allow North Carolina money to be used to benefit North Carolina. W'th the average tax rate of over 12 per $100 valuation North Carolina money just naturally goes into hid ing or leaves the state. As a result there is less money to finance North Carolina's public needs and to invest in real property and real estate mortgages and interest rat 33 in the state are high." (This address was delivered at the Western North Carolina Education Conference. Reprinted from the Asheville Citizen of October 18, 1930, thrqifgh courtesy of the North Carolina Association of Real Estate Boards.) FARMERS: We have plenty of wheat fertilizers, all new stocks MORRIS GOLD BOND and F. S. ROYSTERS 8-2-2 Fertilizer J. $1.95 10-0-4 Fertilizer - $1.85 16 Acid $1.50 16-4-4 Fertilizer $3.50 Mr. Farmers, you do not have to be out the use of your cash for yeare to get a good price at our place, we believe you will appreciate the saying you will make by trading with us. - BRIGHT EW 7 COTTON SEED MEAL ALL NEW J3AGS FOR $1.40. WE ASK THAT YOU DO NOT CON FUSE THE QUALITY of our meal with me quamy oi me. urumary ynmc tuwu seed meal on which you no doubt receive1 quotations. . -TRADE WITH US AND RATTLE THE DIFFERENCE!. CITY MILL COMPANY P. E. FREEMAN, , MRS. GRACE FREEMAN.. . Msnr ' ' Asa'tTMansrer edr for this unendurable situation
The News-Record (Marshall, N.C.)
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Oct. 31, 1930, edition 1
6
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