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Rh twenty thousand dollars, one and one-half percent.; upon all estates bet ween twenty and forty thousand dollars, two per cent.; upon all estates between forty and sixty thousand dollars, two and one-half per cent.; upon all estates between sixty and one hundred thousand dollars three per cent.; upon all estates between one hundred and two hundred thousand dollars, three and one-half percent.; upon all estates between two and three hundred thousand dollars, four per cent.; upon all estates between three and live hundred thousand dollars, five per cent.; upon all estates between five hundred thousand one million dollars, seven per cent.; upon all estates between one and two million dollars, ten per cent.; upon all estates between two and three million dollars, fifteen per cent.; upon all estates between three and five million dollars, twenty per cent.; upon all estates over five million dollars, fifty per cent.

These taxes, when so collected, shall be first applied to the payment of obligations for the maintenance of town, county, municipal, State, and general goverments, the payment of the national and State debts, public education, and other legitimate purposes.

2. There shall be a Board of Commissioners formed, under the law, for the purpose of receiving, funding, and distributing the surplus taxes, who shall furnish ample securities for their trusts, with such penal safeguards as to render their ministry acceptable and certain.

This Board of Commissioners shall be empowered, under wise and judicious counsels, to distribute said surplus taxes so as to conduce to the well-being and interests of all classes:

By enabling associations of men and women to settle upon the public and State lands of the South and West. To loan funds to co-operative mechanical associations in towns and cities, and agricultural associations who desire to settle upon the soil. To build suburban homes for the industrial classes, at a reasonable rent, with privilege of purchase, with street and steam railways for their cheap transit. To provide proper places of amusement, reading-rooms, and colleges for mechanical and agricultural education. To provide instructive lectures and musical festivals, and, in general, to so diffuse and redistribute the products of labor as to ever make wealth administer to the necessities, comforts, and wide-spread happiness of all.