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August 9, 1914.
The Honorable George Fowlds, Minister of Education of New Zealand, and Wil-
liam Lloyd Garrison of Boston came out to see me today. I found Fowlds interest-
ing and I got what information I could concerning New Zealand, its government and
its people. We discussed at some length the workings of the single tax in New
Zealand. He said that where the tax was in almost full operation, the population
of the towns had increased 25%, while the general rate of increase throughout New
Zealand was only 8%.
I asked what effect the tax has upon the value of real estate. He said
strangely enough, it had not decreased in value because the population had increas-
ed to such an extent, where it was adopted, that it had made good any deficiency
caused by the excessive rate. This might hold good for awhile, but I can see a
time when the population must become level, and it is then that depreciation will
certainly occur.
I also asked whether or not it increased rents, thereby increasing the cost
of living generally and equalizing itself in that way. He said it had not in-
creased rents because instead of having two tenants for one building there was now
always two buildings for one tenant. In other words, the fact that the unimproved
property was taxed and the improvements were not taxed, stimulated building activity
Here again, I can see that conditions might become clogged. It will take a longer
period than has been given this method of taxation to determine its merit. I say
this, although I have a sympathetic feeling toward such taxation.
August 10, 1914.
Gregory came up this morning and remained until after dinner. I have per-
suaded him to take the Attorney Generalship in the event it is offered.
One of the most interesting things he told me was that the President and
McAdoo asked him to go to Chicago to see Thomas R. Jones and have him write the
| Title | ms_0466_s2_v2_140 |
| Transcript | August 9, 1914. The Honorable George Fowlds, Minister of Education of New Zealand, and Wil- liam Lloyd Garrison of Boston came out to see me today. I found Fowlds interest- ing and I got what information I could concerning New Zealand, its government and its people. We discussed at some length the workings of the single tax in New Zealand. He said that where the tax was in almost full operation, the population of the towns had increased 25%, while the general rate of increase throughout New Zealand was only 8%. I asked what effect the tax has upon the value of real estate. He said strangely enough, it had not decreased in value because the population had increas- ed to such an extent, where it was adopted, that it had made good any deficiency caused by the excessive rate. This might hold good for awhile, but I can see a time when the population must become level, and it is then that depreciation will certainly occur. I also asked whether or not it increased rents, thereby increasing the cost of living generally and equalizing itself in that way. He said it had not in- creased rents because instead of having two tenants for one building there was now always two buildings for one tenant. In other words, the fact that the unimproved property was taxed and the improvements were not taxed, stimulated building activity Here again, I can see that conditions might become clogged. It will take a longer period than has been given this method of taxation to determine its merit. I say this, although I have a sympathetic feeling toward such taxation. August 10, 1914. Gregory came up this morning and remained until after dinner. I have per- suaded him to take the Attorney Generalship in the event it is offered. One of the most interesting things he told me was that the President and McAdoo asked him to go to Chicago to see Thomas R. Jones and have him write the |
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