MICHIGAN ACADEMY OF SCIENCE. 39 



The effect of this system in increasing the number of voters directly 

 interested in the economical management of local affairs I cannot 

 discuss at the present time. This is a paper on theory, and I think 

 I have already proved what I set out to — that no clear-cut line can 

 be drawn between the incidence of taxes on sites and taxes on 

 buildings. 



riiivorsity of Michigan, Ann Arbor. 



