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By Transfer

FEB 29 1924

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Rukard Hurd...Director of the Department of Mines and Minerals

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Roy G. Blakey, Ph.D. (Assistant Professor of Economics, Uni

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LETTER OF TRANSMITTAL

To Hon. J. A. A. Burnquist, Governor, and the Legislature of the State of Minnesota:

In compliance with the provisions of section 11 of chapter 408, General Laws of Minnesota, 1907, the Minnesota Tax Commission herewith submits its fifth biennial report.

St. Paul, December 15, 1916

Samuel Lord

James T. Hale

J. G. Armson

Commissioners

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