Show tile workings ot at our mortgage tax system are now better understood by tile the people since just now tho the taxes aro are being collected than they wore were alien hen that system was adopted it Js is clear to every one now that its ita effect bicet in to drive the local brioney lender out bof of business and to give tire the forell foreign pi iloan loan company or capitalist tile tho corni control or 0 thlu athla market and ana this thin because foreign money Is riot nol reamed reached for mortgage taxation while the local lender ply pay ills 1113 2 Vs per cent tax it maybe may 10 said paid that the loiro ncr Is the iho bynem one M ho pays this athla tax eventually in lite hie increase of interest but he wont pay it dram thon thary once with outside capital offered tit at lower rates and it la Is EL a sure thing that milen the local lender la is driven out of 0 the state or puta its money in in the handling of a L company or bank located lix out of tile state as aa lie will be obliged to do and so FO also escape taxation the mony londers will hae atall at their mercy and will aill be able to put up of the interest rate rale to a point that ia ill suit stilt themselves steps should certainly be prepared to change the present unhappy system |