The Placer herald., 1872-11-23
EXTRA SESSION.

S-''N SNs"'''' VI NV A<' S'ci''"AS, cOi'O r'''
pitious quarters, and well it may be, for thi.
cry only comes from schcmers who expect to
profit 10y such session at the expense of the
people. The man that would demand ihai
the Senator's and Assemblymen Of the last
Legislature be again called together must
have short memory as TO the history and
character Of the great majority Of these legis-
lators, or iaust be endowed with a wicked
and abandoned heart. The country may
need legislation but not o. the character these
men would give us, Judging hy their past
action The majority OF tie members are a
trainlcss, conscicncrless set Of ignoramuses,
| fit only to be The dupes Of hatcrers ana the
evil tools Of grasping wealth and corporations
puuderers. We have been saved from nuyl
Of Tie scoundrcy legislation Of these dupes
Of monopoly by executive vctocs in tie past
and il is better to endure the public disease
of bad laws than 10 fy TO the physicin who
! licted them with cert in death staring If
in HE face. The codes are said to contain
bad legislation, grant it for tue sake Of argu-
nieut, and are you going 10 spend $500 600
in an attempt 10 remedy this bad Legislation
bv he same men thrt inflicted it on The
country. The very men that enacted the
codes did not read them, and such as did
filled to Discriminate between the good and
bad features Of the work. fla man cheats
us once it is his fault, but the second time it
is our fault. The Savings BtnHs are the
ca's paw that is how to rake The chesnuts
out Of ie fire for llle lobby thieves and cor
pori.ion schcmcrs. The cry is, the Savings
Banks can lend no more money, first, because
Of double taxation and second because the
priority Of recording mortgages is via'ed.
Tie first reason is both a myth and n lie.
The Slvinss Banks pay 10 taxes on their
money, and they lave no money. The de-
posi;or pays the taxes On the money lie en-
trusts TO them and tie men who borrow this
same money again pay the :axcs ON it, be-
cause the mortgage contains stipulation
that the marts ,gors ply the taxes on the
amount Of HE mortgages or it is paid by the
bank and becomes part Of the original debt
The Supreme Court has held under Tie old
law that mortgages are taxable, and that too
in the face of IL h.w positively forbiddins As
-cssors to list them. Thus it will be seen
that the Savings Banks pay no taxes, as it is,
and never will pay any as long as the validi-
ty Of contracts is enforced by operation Of the
Constitution. 3 lh the Federal ard State
Supreme Courts have decided that specific
contracts are binding, and this settles all
| questions between the borrower and lender.
Ifthe Slvag- b inks quit business on ac-
count Of the recording clause in the code,
they must also refuse to ply interest on de-
posts, end that will lead the depositor to
| draw to draw his money and invest it hir-
self, which will make money more plenty
and reduce tie rate of interest, and on the
0hole bc Il positive benefit 10 the country
! 1t is a poor comment on the intelligence and
business capacity Of our people 10 say that
| they must have agents in The shape OF SAY
mg4 Banks to keep and invest iheir money.
Let Tie people learn to do this themselves
int FOR themselves and business tact and
4et reliance viii take tie place of ignorance
and dependence in all our families and homes
is influence and teachings viii tell on the
Using generation, and a host OF bank officers,
clerks, telless, l,wyera and record search
ers, instead of living on the fruits Of other
mems sweat will be driven to some field
Of producing labor, and thus add material
wealth as well as intelligence to the whole
country. Thcse are the bugbeirs that are
shaken in the peoples faces to make them
believe that there is necessity for an extra
session Of the Legislature. The truth is that
lobbyists, rliircad and other schemcis owned
two-thirds Of the Assembl y-and by the mum
Der of Seniors who since signed the Goat
Island petition, doubtless now are two-thirds
ot The members OF the entire Legislature, ,anu
could commit in an extra session any Ts-
,aity desired in defiance of the Governors
veto. This is what AN ezra session is
wanted for, and in contempt .tion Of it
schemes are now concocted to roo The people
of the State of millions and bind them as
slaves to the great corporation design for all
future time. Booth is now our Simpson
in this emergency, but if he suffers t!i-
Stanford Delilah { he railroad and its pct rAs-
cals) to shear his locks and get an extra ses-
son the temple lthe pc ,ple) will crush him,
while the Philistines revel i'll robbing the peo-
PIE of the State. No, give us war, pesii
lence and famine, or Il human epzootc rather
than rcconvene The old members of the Leg