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Show HIT MORTGAGES EXEMPTED FfiOM TAXATION Judge A. G Horn, In his addre-.i to the voters Saturday last, made tho following charge against the Fusion legislative candidates: The Democratic-Progressive candidates candi-dates for tho legislature an1 advocating advocat-ing a law and, if elected, It 1b their purpose to fight for its enactment, to the effect that If a mortgage exists upon up-on anv property the amount of the mortgage shall be deducted from the assessed value of the property, aiv! taxes shall only be collected upon the hnlnnre of srild value. "This scheme Is not only erratic, but is vicious In its effect as it will tend to relieve the corporations from the payment of taxes and will increase in-crease the taxes upon the property of the individual The bankH. who are the largest local landers of money, are already by law absolved and relieved re-lieved from taxes upon mortgages and also from the payment of taxes upon their real estate ard, instead thereof, pay taxes only upon their net holdings hold-ings us shown from their bank statements. state-ments. The railroads would almost entirely escape taxation. |