| Show llll nMTIOT 11 lUlltfIlH j At flrtt tight and Indeed In Tery 11 Iv which Ilia NWB till II jrt been I I bio to Rltoll onuof the bill already i Introduced Into Ilio lower bout ot the I t Tenllerl1 l Aweuibly In i Ultimo Im I I < illtlc anil unluit and hence ought to 1 be defeated Wo refer to the mur 1 la protldn lor the I tsiatlon 01 debt I tccured by mortage and truttdtwif I i I anil ttpcallns tin law of 1 the 108111 Itture exempllus tuoh po te elon e j II from taxation Tlio rattier I a one I which od InToU neither parly op 4 trillion nor fully > uoll It dttorvtt 1 ibo dltClIJ on III rnerlti and the p I IIEVI can accordingly conildcr It I wllbcutanytuiplolau at p rll aniulp flio ipjetllou of taxation It one tbat tin puuled mom Initiative brain t that any oilier Hut nor aroie tlnce l ti world wa bIllie < In general 1 t I f may U laid Hut the tory hut pioll of taialloa COntain fealurti of Inequill I I ly and lijuttlct II HID one that li tile belt It the ODD that contains tile fowcit I i l I of their tile Ingenuity of man hit not au t b1 yelbeeneeiuiltolheliikoldoYlMnKone I j I lowblcb IbIS of themappear Blmilor 1 1 IT It may be laid lint common juitlct t wouU lUMMl Ibo UyloK of taxoi 1 ijilntt him who II boat abli to pay J them and ai tile itch man own mote thau tile poor roau elli m be through 1 that tact It and ought bo force I to bear the hrjer burJtn ot taxation 10 I ihculd the man who IIM money to lend rather than Iho man who It forced to borrow pay tile tax ou the mm Ihui lcmH > rarlly tramferred Wn admit 1 tbat all Ihli looks rrolr and boon i troTerllblo and lull I Hut at A mailer of fact It dot not work well I In practice The 1 borrower Invariably pay tile lax 01 t He may not Iay It to tin iso collector but II not he i ay It lo the inoneylender The lattur ills tile one object urr In Tiewto raaUo Ibis motley yield lImo A certain per cent In Intern Now dot any ono aupole that If a caplltllit It I willing lu loan I money at 0 per cent tile borrower to I I pay Ibo tone lie Hill alto wilting i la loin at 0 percent If ho bliuiolf muit Iy tile lu It li Idle to expect tucli I Keneroill capUallili Ste ntt built that way Till only concluilon li therefore tint Hbelhur tile louder or borrower lo I legally liold for tin lax Ibo mull In lliu iud li tile tame the borrower Ills to pay It Ho much for tlio actual roiklnji of Ibo coir Now as lo Ibo pirllcuUr condition nndclrcumilaucM tint add Importanco to thoijoitlon at It allecU community at thla lime Wholber fortunately or unfortunately wo ace lirgnborroweri Jitlern and weitern mooey been bii luvntvd or loanoj lino aol at certain rate ol In tircit fixed alter All undtr < UnJlng tint tile imrtgagoi securing It wire exempt from laxMlon that Ibo prop erlyiald Hit tax If tho irunxwllaw be unacted tho rite ol Intervit on ito money will be railed at dIce Hut that U I Dot Ibo only ur Mont feature The money will bo withdrawn ni quickly ai poulble become Ibo proverbial timid llyof capltil will clue itto ihuna looillly Whore leglil > lie tompercan Ineiihorta Urn obow ueb llcklincM acd chaugo An It will bo extremely dinitull If not mipoHlbU either lo renew Ibo old loan atoll or to necun mw ami time foreoloilug proem will itart and no ouo know whcro It will cud cudIt II would be fortunate Into If the tvoplo of Ulali worn ox abundantly auppllid ulth money ol their own that they did not need to borrow at all Aa at ptwiDt arranged < ar-ranged however wo iceui l > need out tide capital to develop our retourcve and ktrl u goingat leaittuu record iboH tint wo have obtained u great dial Ai long a i tbl < u I our conillllou wo moll caler A little to the nlibra of thoio whoio money wo cniplo And time next bolt timing to having all tbo money of our own that wu heed5 If 1 the havliiLof audi reUlallon for fair ueir ttablllly uiid thorouih lioneaty tbat we 0011 gel all Ibo imnny wo want and at thin lust rain from 0110 where Ttitt KtM iloiaul btllnvii tbe bill now baCoru Ibo hose licat culaled to lrDblhulhol hind of u lelutiUou lIst at Ito KIWInt lime |
