Message of Governor T.M. Campbell to the thirtieth legislature of Texas, to which is appended the State Democratic Platform adopted at Dallas, Texas, August 13, 1906. Page: 22 of 27
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that a constitutional amendment be submitted to the voters
creating a State Tax Board, composed of three members, and that the
Governor, Attorney General and chairman of the Railroad Commission
shall constitute said State Tax Board. Require the said board to value
all the property of railroad corporations, and interurbans and street
railways, and railways and terminal lines of every description. Require
the valuation to include all physical property, real and personal, and the
franchise, and the valuation so made and ascertained to be certified by
the said State Tax Board to the tax assessor and commissioners courts
of the respective counties for their observance and control as to value
and as to all matters pertaining to such taxable property.
11. The removal of the occupation tax upon all useful occupations
will materially reduce the income for general revenue and school purposes,
and this loss can be justly met by an increase of occupation taxes
upon occupations other than those classed by the Legislature as useful,
and a further increase of all franchise taxes, and this action is respect'fully
12. A graduated income tax upon all annual incomes with appropriate
exemptions should be provided and your careful consideration of
this subject is suggested. I regard this principle of taxation as sound
and altogether just. The revenue derived from this source should be
apportioned three-fourths to general revenue and one-fourth to the
available school funds.
These recommendations and suggestions are made with the earnest
hope that they may be useful to you in dealing with the difficult task in
hand and with the assurance that the adoption of all other fair and
just methods of taxation by your honorable bodies will receive my
approval and in such action you will receive my full co-operation.
DEALING IN FUTURES.
The "bucket shop" game, commonly called dealing in futures and
margins, can number among its victims more ruined lives, more broken
homes and greater numbers of financial wrecks among the hundreds of
men who are being daily tempted and entrapped by this insidious evil
than can be rightfully claimed for any other agency of demoralization
and harm in the field of speculation or gambling. The buying and
selling of wheat, bacon, cotton, corn or other commodity, stock, bond
or other security, when neither the seller nor the buyer expects delivery,
is not entitled to be dignified with the term speculation, it is gambling,
pure and simple, begets the gambling spirit, and is more hurtful to
legitimate business enterprises, and a matter of as serious concern to
society as all the gambling houses in the country. Effective laws prohibiting
such transactions, with suitable penalties, should be enacted
without delay, and I so recommend.
STATE PENITENTIARY SYSTEM.
The successful management of prison labor, the profitable disposition
of penitentiary products, and the many details involved in the efficient
conduct of the State penitentiary system, calls for the highest order of
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Campbell, Thomas Mitchell. Message of Governor T.M. Campbell to the thirtieth legislature of Texas, to which is appended the State Democratic Platform adopted at Dallas, Texas, August 13, 1906., book, January 16, 1907; Austin, Texas. (texashistory.unt.edu/ark:/67531/metapth5859/m1/22/: accessed May 29, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; .