| Show STATE SENATE I. I PASSES LUNT it INTEREST BILL Only Two Votes Recorded Against Measure Measure Amend Amend Amendments ments Turned Down AlTER j Ii el lively 1 debate t the ho senate yesterday passed the Lunt Lun bill decreasing the rato rate of ot interest on deferred de do- payments for lands from S 8 per pei cent to 5 per cent The Tho vote ote was 14 to 2 2 Senators Hanson Hansen and Eckersley bein being absent Passage of the bill took took place pIneo after two efforts at it amending the measure failed L' Senator Kelt Kelly moved to amend the bill b by making 6 per cent tho the Inter Inter- est Tho The amendment lost los after alter some debate ft Ira im which Senator Kelly expressed ex ex- pressed the fear that a a. too tol low ow rate te or of ot Interest would ouM be more liable to be n. n boon to land sand speculators rather than the tha tillers of or the soil Senator James W TV Funk Want wanted d to 10 know what Senator Benator Kelly meant b by byland land sharks Senator Kelly replied that hat ho lie had not used tied the tho term land sharks but la hail had said instead land landI I speculators I am m willing to see seo eo tho the thoI I 1 measure passed d If it it t really I Is one ono to Bassist tho the masses but I would hato liMo to land speculators added Sentor Sen- Sen tor Kell Kelly i i 1 Argue e nt nl ti to i Senator John W. W of ot Dav Davis ls t In n behalf of ot the bill bUl as it was wa wasl l reported b by the tho committee II Ho Ire and Senator Kell Kelly got into a a. discussion of ot merits of or the tho measure particularly to tho the percentage of or holders of at state bands lands It would benefit the benefit tho real tillers i lor or tho the so called speculators Senator Thornley confessed an ina inability to give gi I exact figures but estimated that by far tho vast ast majority were def de- de f f serving serving- of or that t boon f I r 1 would like Uke to see this measure goCr go gt f over Cr for further urther consideration saId Paid faldt t Senator Kelt Kelly lOt let us look into it furI fur- fur ther I hesitate to cut down the tho states state's I I revenue when there app appears ars a chanco chance It Is for Cor tho the benefit of or the few 7 I Senator Lunt arose to de defend rend his 1115 measure 1 E I I I want under no circumstances to legislate for tor the tIle few said id Senator i vl Lun and In urging this bill I do so BO with the conviction that It Js Ss for tor tho benefit of at the masses and md a I. I move O toward toward to- to ward u the of or tho state I believe It Is a a. that Will u benefit I 99 per cent of or the tho purchasers of ot state lands I Land Bonni In Controversy Senator Smith wanted to know It If t the state land Jand board was not urging urbine- the ibm bill remarking that at the last session It was the land board which wanted the theli li to S per cent the deferred payment payment pay pay- ment meat Interest now obtaining Senator Funk replied that a a. representative of or orthe the the board had appeared before tho the committee committee com Coni- an and ana urged recommendation of ot the thc bill bUI I Senator J. J It R. proposed in an I amendment cutting down extension of ot i time for making payments on state lands from three years to one year ear Tho The amendment lost Amendments having lost tho the bill came up tip fo for passage as recommended by the iho committee It passed Senator Kelly and arid President Henry Gardner Gardnor being being- tho the only senators present to vote ote TI no 0 |
