Evening Republican, Volume 16, Number 151, Rensselaer, Jasper County, 24 June 1912 — Taxes That Never End. [ARTICLE]

Taxes That Never End.

The surprising fact is announced that the London city corporation is still paying land tax for the houses which existed on Old London bridge, houses that disappeared about the year 1755. It has at last been decided to redeem this ancient tax, which by act of parliament has been levied ever since the old bridge was demolished. A copy of the old act is in the city archives .The amount of the land tax is about SI,BOO a year, and the city will be able to secure a redemption by payment of a lump sum of $55,000 or so. • It may seem strange that ratesand taxes have been paid for so many years upon houses which disappeared so long ago, but it is not generally known that it is the custom when houses are demolished to make way for public improvements to include in the parliamentary authorization a clause compelling the authority concerned to make good any loss occasioned to the rates. —New York Sun.