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THE COURIER
In Maryland they have a law taxing all collateral inheritance of
300 or over at the rate of 2' per cent. They also, practically, tax
direct inheritances by taking 10 per cent, of all commissions allowed
. administrators and executors. New York and Pennsylvania tax
collateral inheritances : per cent.
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SIjNESSQFCLX5
Thu failure of the state board to
i4-X ' r re'ocatOuu state fair at Lincoln for
- TjjP l S'V tu0 next five years is of course a great
jf vt&w disappointment to the business men of
' " S ihiu tii. lunc inuiMj.u (jiudi uid-
a)pomtmcnt in store for .the state board.
It will como to them when they have tried
to conduct a successful fair at Omaha for a
year or two. l!ut is the fair such an advantage to a placo as people
have been led to suppose? The wholesalers in almost every line
claim that fair week is an actual detriment to their business. Peo
plo come in from the country towns, not for business, but for a good
time and the wholesalers must call in their traveling men to
cnteitain customers here during the week; salaries go on, expenses
increaso and there are fewer sales made that week than almost
any week of the year. Retailers talk in about the same way, the
increaso in business during fair week is not enough to make up for
the extra expense and trouble. About the only people who make
money out of it are the street railway, hotels and saloons, and now
the saloon men claim that they do not have so much of a bonanza
during fair week as people claim. On the whole the fair was a good
thing for the town, perhaps worth as much as it has cost us; but its
loss is not such an unmitigated calamity as some of our people seem
to imagine.
The most important recent failure is that of the Lincoln Street
Railway company; while it was not entirely a surprise to most Lin
coln people, it was hardly expected even by the officers of the com
pany themselves that it would come quite so soon. The company
had an agreement and contract with parties in the east to furnish
funds to pay thu interest ou bonds and floating indebtedness for
three years, but the hard times and poor prospects for next year dis
couraged them and they threw up the sponge. Of course there was
nothing left but a receivership for the company. Che loss will
mostly fall on eastern security holders. It is understood that local
creditors and banks have been secured 60 that there will be very
little loss here. The railway company will undoubtedly be reor
ganized upon a better basis, the "water" squeezed out of its stock
and then it will be a paying investment again.
During the week there have been two other failures. The Alcazar
shoe company, a small store on east O street, and that of Bohanan
Bros. The latter was not entirely unexpected by those in a position
to know and hence it did not produce mnch comment. The Bohan
an Bros, have tho'sympathy of a large circle of acquaintances as
they are old settlers and have made a hard struggle to tide over the
hard times.
Why does not some statesman in the present legislature present a
law for taxing inheritances? Such a law would meet with the
approval of almost all classes ot citizens, is easy to assess and collect
and would produce an increasing amount of revenue as our state
grows older and richer.
POOR INDIGESTION.
Leads to nervousness, fretfulness, peevishness, chronic Dyspepsia
and great misery. Hood's Sarsaparilla is the remedy. It tones the
stomach, creates an appetite, and gives a relisn to food. It makes
pure bood and gives healthy action to all the organs of the body.
Take Hood's for Hood's Sarsaparilla Cures.
The law in New York allows the treasurer or comptroller a certain
percentage of all the inheritance tax collected, thus making it an
object for him to collect the full amount duo the state. This
accounts for the lively manner in which the New York tax collector
has been following the executors of the Gould estateand;insisting
on the payment of over 81,000,000 tax instead of about half that
amount which the heirsofTer to pay. A perfect tax of this kind should
bo an increasing progression, exempting small estates and the per
centage increasing with the size of the esta'to left.
Some very radical measures have been proposed in Illinois. A
committee of the Illinois Bar Association proposed to limit abso
lutely the amount any one child could inherit to 8T00,000 and any
one else from a single estato 8100,000.
The sentiment that the state has a better and more righteous
claim upon the property of a man, who has made his fortune out of
it and enjoyed itp protection, than distant relatives is growing all
over our country and is evidenced by the statutes of many states.
Even the most radical laws ou the subject are very liberal with the
direct hei"-s and nearest relatives of the deceased. They simply take
a small portion from the small estates and a larger portion from
the great ones as the just due of the community for protection given
the individual and they hold that the neighbors and associates of
tho dead man, those who have in a large measure directly or indi
rectly helped him to amass his wealth are more justly entitled to it
when he is through with it than are distant relatives who have in no
wav assisted in its accumulation.
A iaw framed somewhat after the New York law would not only
be a popular measure in this state but would be a just one, which
would yield considerable revenue from the start and would, at the
same time, not be a burden upon anyone. Let some of our legisla
tors study up the subject and draw a bill and introduce it at this
session. A debate upon the subject would at least do no harm
and the adoption of such a law would put Nebraska in lino with tho
most advanced states in the matter of tax reform.
BLASTED HOPES.
"Still thinking of becoming an actress?"'
"No. In the last play I witnessed there was a girl who put her
hat on straight without the aid of a mirror. I am sure I could nev
er learn to do that in a thousand years."
OFFICE TERMS.
Hood's Pills become the favorite cathartic with every one who
tries them. 25c
"Striking a Balance."
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