Personal Property Tax And The Land Tax

It is practically imposslble to collect ;: tax 'm personal property. Over onehalf of the iw .tlili of this countrj consista of personal property, yet only nt. of the taxe ivre coll from this source. in Chicago several years ago, only I per cent. of the '. ixes wrere i illected from personal property. Stocks and bonds, diamonds and ., rv. w ■ erything that is not eaíled real estáte only realizei thereon 1 per cent. of thetr taxes. Mêh vvill hlde their property and lie about its In order to evade their t.w voHte melhod is to tfansfèv BtoQkS and bonds ntb another state untii th v lias gone by and tlien have sent hack agaln. The advantage of the land tax is thal it is open to view, it cannol be hid from sight, il cannot be taken out of the state and broughl back k-!' after the assessmeni Is made and the ta are all collected.