Show THE EDITORIALS i A DANGEROUS D AMENDMENT By fly L L. J A. A 4 r It 1 j i proposed r a at nt the next nt election to amend Sections Q 2 and 3 of ot Article 3 of the constitution Ro so that a different different differ differ- ent rule will be applied In taxing tangible tang tang- ible than in III taxing intangible pi pm- pm op- op erty Our pres present nt constitution makes makes n no I in Rn taxing them but vu the LUL is in for Cor ignored I practice t anyone knows that notes bonds hond sto stocks and bank accounts cannot be tax taxed d I the fame arne as cows and lands If bank accounts were taxed it would break brenk every b b. b bank uk in Iii th the state We naturally wouldn wouldn't i object to the new classification zion lion as bet between n tangible and Int intang intangible ng- ng ible pro property rt That appeals Is to us but Iu t thatis the he sugar coat cont What hat I Js Is In inside that sugar oat coat Is what we want mp to is kno know Said Section n three thre provides th that t The property pf pt th the I United States Stat of 01 the state counties cities itie towns p school districts municipal epora etc shall be exempt be-exempt exempt from taxa tata tion lion But BIt when wilen that constitution was wa made the state was ms not taking mortgagee mort mort- gages ngee on private hinds and foreclosing tame taine as ns f for loans as it has has' lately hen ben doing doIng- and It seems that from halt half a million to toa a million dollars dollar worth of taxable lands have been Withdrawn with withdrawn drawn from ta taxation atlon because the state has lias bought in the lands on s' s s J ures urea On the face of ot the c constituted the withdrawals Us' Us seem to be l legal hal Sal but lut our ur supreme me court has hris' f ruled ll led d th that t Constitutions s ire are re not to be he Interpreted Interpret t- t ed cd b their words word's abstractly considered but t by their words re read 1 inthe in inthe H the of ot the conc conditions And and n necessities ce i. i ties In which hl h hHie the Hie provisions s or originated gin ted and in inlew lew of or the h purposes sought sough to te be attained and arid secured When the constitution was made the sta state t was as not loani loaning lg money y onland on onland on land lund m mortgages That t was vas n neither Uhei thought ht Q of nor considered Therefore the rUling o of the stat board Jo rd that they cnn can withdraw a million lon d worth orth of proper property from fax taxation is most pr probably L to the There ller are other oilier strong g reasons reasons why th the land lanil board is wrong wrong too But now flow coInes comes t the le new proposal to amend me we constitution und anti reenacting War that lands o of the state stute shall be be exempt fr from m taxation and t If It that b be now now l Approved e at at- atthe the next ret election then the with pf of f lands by br mortgage mortgage for foreclosures ls- ls tires ures will wM he be sanctioned b by the state tate constitution be because tse that ha par part of the the constitution will be affirmed with full know knowledge ledge by bJ everybody e that lands II by state foreclosures are i being withdrawn with with- drawn from ta taxation This is one of the gigantic ingredients inside of of- that ugar S coated ted There are several se other ingredients inside of the compound com corn pound al arid and d jet et that tax prOpagandIsts want to us swallow that sug sugar sugarcoated r coated pill 1111 and unseen an and take our om chances s on the consequences |