Show TAXATION or OF the following plank aliv appeared eared in the republican platform of this thia county coulty and district latt november 2 resolved that the law passed b the democratic legislature exempting mortgages ort gages from is an all unjust discrimination in favor favoron the wealthy clas classes sand and we therefore favor the rg ss ao 00 of a law which will compel all classes to nay their just juit share of tile alio public bur burdumi demi now abill a bill has been introduce il in the legislature covering covering coveri ug thit that point in reference to that bill the tha deseret J IM of january Jani iary 13 1894 says at first sight and inde edin edAll every view which the news hasas has as yet vet been able abla to one bills introduced in the lomei house bouse iff f the territorial rial Ae is ill timed impolitic and unjust and hence ought to be defeated we refer to the measure mci suri to provide for fo r tho the taxation of debts secured mired by mortgages and trust deeds all and r repealing c the law of the last legislature legislators such from taxation the matter is one which need invoke neither pirty party opposition nor party huppert Hup port it deserves de orves to la be discussed or its and the can accordingly consider it without any aus dicion of partisanship tho the question que tion of taxation is one that lis his puzzled more legislative brains than any other that ever aver arose since since the world was roade made in 0 general it my may be said that the very ver y best plan of taxation contains features fe agures of inequality and anju tico tice the ono one that is the best is the ono one that contains the fewest of these the ingenuity of nian man has not yet been equal to the task of devising one in which none of them appear similarly it may by be said that common justice would su suggest gest the laying of taxes ft against aillet him who is best able to pay them and as the rich man owns more than the lie poor man and as lie through that fact is and ought to be forced to bear the larger burden of taxation so should the man who is forced to borrow pay tile the tax on OB the sum thus temporarily transferred wo we admit that hat ill all this looks proper and incontrovertible and just but as a matter of fact it does not lot work well in practice the borrower invariably pays I 1 the lie tax ile ho may not py pay it to the tax collector I 1 but if not he tays it il to the moneylender money lender the latter has the one object ever in view to make his money yield him a certain per cent in interest now does an one suppose that if a ca is ay iy is willing to loan money money ato percent per cent the borrowers to pay the taxes he will also alo be willing to loan at 0 per cent if lie he himself must pay the tax it is ia idle to 10 expect such generosity capitalists are not built that way the only conclusion is therefore that whether the lender or tile the bor borrower borro rover ncr be legally held for the tha tax the result in the end is the same the borrower has to pay it so much for the actual bori workings ings of the case now as to the particular conditions and circumstances that add importance to the question as it affects the community at this time whether fortunately or unfortunately we are arc largo large borrowers eastern E astern and western lioney money been lias has invested or loaned here and nd at certain rates of interest 1 I fixed after an understanding that the mortgages 0 securing it were excerpt from taxation that the property paid the tax tai ta i if the proposed I 1 ro posed lay law be enacted the rate of interest on this money will be raised at once lut but that is not the only or worst feature tile tho money will be withdrawn as quickly as possible because the proverbial timidity of capital will cause it to shun a locality where legislative temper can call in a short time show fickleness fickie nesa ness and chango changa As it will be extremely dini difficult cult if not ina impossible either to renew the old loans at all or to secure new ones the foreclosing p process will start unit and no one knows where it will end it would be furt fortunate per perhaps hap if the people of utah were so abundantly supplied with money of their own that they did not need to borrow at all As at present arranged however we seem to need outside capital to develop our resources and keep us going 0 at least the records show that we ive have obtained a great deal As long as this is our condition we cater a little to the wishes of if those whose money we employ and the next best thing to having all the money of our own that wv we need is the having of such reputation for cairnes fairn ca stability and thorough honesty that we can pt get all the money w we want and at the the best rates from elefthere esef there the kens believe the bill not before the house is calculated to streng lithen that kind of a reputation liti tation just at the present time |