. Review of reviews and world's work. tate legisla-ture at Albany which have arousedthe most discussion during the present sessionhave been those providing for the taxation ofmortgages and the taxation of stock former measure imposes a tax of one-half ofone per cent, upon all mortgages recorded subse-quent to June 1, next. The other bill imposesa stamp tax of 2 cents per $100, or $2 per 100shares, on the sale or transfer of stock sharesThe argument chiefly employed against themortgage-tax bill is that the effect of such a THE PROGRESS OF THE IVORLD. 525 measure would be to impose
. Review of reviews and world's work. tate legisla-ture at Albany which have arousedthe most discussion during the present sessionhave been those providing for the taxation ofmortgages and the taxation of stock former measure imposes a tax of one-half ofone per cent, upon all mortgages recorded subse-quent to June 1, next. The other bill imposesa stamp tax of 2 cents per $100, or $2 per 100shares, on the sale or transfer of stock sharesThe argument chiefly employed against themortgage-tax bill is that the effect of such a THE PROGRESS OF THE IVORLD. 525 measure would be to impose a double tax on allmortgaged real estate, thus tending to check theimprovement of property and to drive capitalfrom the State. It is denied, however, by thesponsors of the bill that the rate of interest onmortgages will be increased by its operation,although that is tiie result most generally lookedfor by the debtor class. As to the stamp tax onstock transfers, the arguments used for similartaxes imposed by the general government in. The Capitalist Landlord : My tenantll pay the Herald (New York). time of war are applied to this State tax. It islucrative, and easily collected. It will, of course,affect thousands of stock transactions on theNew York Exchange between persons who arenot citizens of the State of New York. TheLegislature of Texas has increased the annualfranchise tax imposed upon corporations doingbusiness in the State. This is a tax on theauthorized capital stock of corporations. ,„.^, The vigorous interest of Americans With . the in the movement back to the coun-Farmers. ^^^ ^^ sliown this spring in a floodof books dealing with gardening, farmingproblems, poultry-keeping, the care of domesticanimals, country home - making, and nature-study. This movement, in which the real coun-tryman, the farmer, joins by his new enthu-siasm for and understanding of his own voca-tion, has been gathering force for several years,but is more striking in 1905 than ever bef
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