[Black and White by Timothy Thomas Fortune]@TWC D-Link bookBlack and White CHAPTER XVI 43/155
This is from the _Herald_ of yesterday: SOUTHERN PROGRESS The New Orleans TIMES-DEMOCRAT has gathered from trustworthy sources and given to the public valuable statistics showing the industrial progress made in the Southern States during the past four years.
This covers the period since 1879, the year to which the figures of the latest national census apply.
The census returns show a marvelous material growth in the South during the preceding ten years.
But, according to the reports published by our New Orleans contemporary, the progress of the past four years is greater and more wonderful than that achieved during the decade between the census years. Taking the important item of assessed value of property, a comparison between the years 1879 and 1883 gives the following remarkable results: -- --------------------------------------------------------------- Assessment Tax Assessment Tax States 1883 rate 1879 rate -- --------------------------------------------------------------- Alabama $152,920,115 6-1/2 $117,486,581 7 Arkansas 136,000,000 7 86,892,541 6-1/2 Florida 56,000,000 5 29,471,648 7 Georgia 300,000,000 2-1/2 135,659,530 5 Louisiana 200,000,000 6 209,361,402 6 Mississippi 116,288,810 2-1/2 129,308,345 3-1/2 Tennessee 252,289,873 2 223,211,345 1 Texas 500,000,000 3 304,470,736 5 -- --------------------------------------------------------------- Total 1,710,498,798 4-1/2 1,215,662,128 5 -- --------------------------------------------------------------- This shows that in eight Southern and Southwestern States there has been an increase of nearly half a billion dollars--$494,836,668--in the value of taxable property during the short period of four years, while the rate of taxation has been actually reduced.
At the same time liberal appropriations have been made for schools, public improvements, and other useful purposes.
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