14.

BENNINGTON, Vг., March 17, 1896. On demand, I promise to pay Francis de Raismes, Three Thousand Dollars, with interest annually.

$3000,000.

EDWARD HUTCHINSON.

Endorsements: May 17, 1899, $20; Sept. 17, 1902, $1000. How much is due March 17, 1903?

15. A demand note for $1200, with annual interest, dated Feb. 25, 1893, bears the following endorsements: Feb. 26, 1896, $400; June 11, 1898, $10; Sept. 26, 1900, $400. What sum will pay the note in full Feb. 26, 1902?

TAXES.

1311. The real estate of a town in which a tax of $3,300 is to be raised, is assessed at $180,000, and the personal property at $20,000. There are 100 taxable polls at $2 each. What is F. D. Clarke's tax, his real and personal property being assessed at $10,000, and who pays two poll taxes?

$2×100

$3,300 - $200

= $200, amount to be raised by poll taxes.
= $3,100, amount to be raised on property.

$180,000 + $20,000 = $ 200,000, assessed value of property.

1. Find the taxes of W. E. Pulsifer, of the above town, whose real property is assessed at $8,500, whose personal property is assessed at $600, and who pays one poll tax.

2. What is the rate of taxation in a town that proposes to raise $2,500, the real and personal property being valued at $275,000 and the number of polls at $2 each being 150?

1312. Vermont Method of Levying Taxes.

In Vermont, all male inhabitants between 21 and 70, unless specially exempted, are "listed" for poll taxes in their respective towns, at $2 each.

Real and personal property is placed in the town "list" at 1% of its appraised value.

The "grand list" comprises the total of the poll list and 1% of the assessed (appraised) value of the real and the personal property, and is the amount on which all taxes are levied.

3. The real estate of a town in which a tax of $3,300 is to be raised, is appraised at $180,000, and the personal property at $20,000. There are 100 taxable polls. What is John Griffin's tax, who pays two polls, the appraised value of his real property being $7,500 and of his personal property, $2,500 ?

$180,000 +$20,000

Too of $200,000 - $2,000 $2 × 100

$2,000+ $200

$3,300

2,200

$200,000, appraised value of real and personal property.

- 1% of appraised value.

=

— $ 200, the poll list.

— $2,200, the grand list.

= $1.50, rate on $1 of the grand list.

[1% of ($ 7,500 + $ 2,500)] + ($ 2 × 2) = $ 104, John Griffin's grand list.
$1.50 × 104
= $156, John Griffin's town tax.

4. Find the city tax of Parker P. Simmons, whose property, real and personal, is assessed at $9,500, and who pays one poll, the rate being $2.45.

5. How many taxable polls are there in a town in which the appraised value of the real and personal property is $150,000, the tax rate necessary to raise $3,600 being $2?

Let x = the number of polls; 2x poll list.

=

6. Henry W. Hallock's taxes on real and personal property, appraised at $12,000, amount to $252, including 3 poll taxes. The total amount levied is $6,800. Find the appraised value of all the property, the number of taxable polls being 200.

1313. Values of Foreign Coins.

The following estimate by the Director of the Mint, of the values of foreign coins, has been proclaimed by the Secretary of the Treasury, January 1, 1897:

INDEX.

The Roman numbers refer to pages in the Supplement.