Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1880-03-15

4
eupting Deposits in Savings Banks from
Ia. yation when Taxed on the Bank. t.
Avoid Double Taxation
rPbonogr., ehically reported by E B. Willis, senat.
r.. porter of the RECORD USroN.l
H Mr. Presiden.t; regret very much that this de-
bate has taken I. We turn 1t has. regret that any
personalities have been INDUCED in upon the Aoor
Of the Senate. a. all confne myself to the rulings
Of the Clrzir, and f that trust may be indule
in replyng to sous, "A sertions that have been made
upon the ffoor Of ths enate in justice to myself
! instice To those /. no believe as / do
| upon this question en- oouied IN the amend.
ment 1t is true that she only real question before
the Senate IS tie ruling Of ne char, but the Chair
in sy generosity has pesa,it ed Senators to wander
| from the questoa-has perm itted them to indulge
! in argument ayto the pris lpes embodied in this
amenament, and also in reg. uu 10 petitions that
have Gee presenteShere. Row, sir VIII say SO FAR
as the FINANCE Com ttee is eease erned that all the
meetings which have attended rave no recollection
| OF noticing single man, not member OF that
committee being present in tie ro I'M when We con-
sdered this BILL will saw furrE, srmore, that no
man connested with any savingsbua TX, In any way,
shape form, has spoken To me upon this
question. Twill challenge one and all upon this
floor or elsewhere throughout the enga and breadth
Of this State to produce ioa in eoB adistinction
of what have said. My position aFon this ques
ton has been taken fom adeep and siace e earnest
Now, Mr.. President, our ruls-Rue 36-sa VS.: :" In
all not provided for in these rules tn Senate
shall be governed by the law and practice as laid
semblies-" As we have no ruFe upon our boo COW
ering the case, refer you to the authority men
toned in our rule, which has been read by ena-
tor Satterwhite but he has given it Al pill
cation entirely different from what the aut nor
intended. So far as he made the application az rec
with him, but he did not go far enough. Cusbi ng
says: If amendment is rejected it can be
moved to insert the same words part Of then !,
in the same place." that is one proposition, i" o
it may be moved to insert other words in the same
place. that is another proposition cor the same
words in different place. that is another distinct
proposition, Z" or the same wor1s with. others a
part of the same words with others in the same
place, provided and 1t is the prOviso which he
rests upon" provided these are really different
proposition from that already decided"
THE DIFFERENCE.
Now, have shown to this Senate that that por-
tion of tins section in line 43 which Ioered this
amendment TO the other evening was in regard to
the statement to be made by the bank. have now
offered it to the frat portion Of the provision which
relates particularly and entirely to the statement to
be made by the individual Now, il this Senate
declares that there is difference between an in
dividual and bank, whyin the world did they stop
here to vote against that proposition? They are
voting in regard to this bill that there is st diff
ference between an individual and savings bank.
They say it is wrong 10 tax an individual twice and
yet they say it is right to tax the bank and the in
diyidual twice. Then they make distinction
themselves. They are condemned by not only the
argument, but the law, which they have read to
this Senate. Now, MIR. President, great deal has
been said here about "bulldoztng." They have
questioned the integrity of these petitions which
have been presented here. 1 tell you, gentlemen,
that the right of petition of the corner
stones OF this Government. Denying the right Of
petition has cost monarehs their thrones and kings
their crowns. l tell these gentlemen here
to-day that in casting slurs upon these
petitions, in denying these people the right
to petition this Senate, they denying right
"a
organized. Senator Kane has asserted that these
petitions have been gotten up at the rate Of
cents q head that the petitioners have sold them
selves to sign this petition at seven cents apiece.
Now sir hold in my hand one of the original pet.
tions. find it is signed by Charles Tilson who is
the Workiugman Tax Collector Of San Francisco. /
find it is signed here by l. s. Kailoch, the Working
mans Mayor Of San Francisco. have nevers spoken
to either of these gentlemen, but in their behalf
stand here and
DENY THE ASSERTION
That they signed that petition for seven, cents
apiece. 1t is an indgnity heaped upon them that
never ought to have been uttered in this Senate.
Mr.. Kane-I wish to tell the gentleman have not
referred to that petition. have been posted here
at is corner, and L referred to the petition pre-
sented by the Honorable Senator from the Ninth.
My information from gentleman from San /
Francisco, who told it to right here, and who
said he was ready to die to prove this assertion.
Sir. sears-I would like to know who gave the |
gentleman the information. think. it is |
due to- Mayor Kalloch and the Tax Col |
lector that they should know who is !
circulating report that they signed this petition
for seven cents apiece. Now, as they do not desire
to give any but deal in general assertions,
VIII allow the responsibility to rest where by right
it belongs. Now desire to call the attention Of the
gentleman to the Constitution under which we are
acting, and | may here remark that almost upon
every occasion upon this floor when Senator
has given no other argument-when he can |
when he cannot reply to an argument |
which has been. made-he lodges the question |
and falls back and shields himself behind the Con-
stituton. He says that he voted for the Coustitu
ton Mr. President, it seems to me that the vote
which members gave for this new Constitution
is the only political capital they have got left.
deny that this ought tO be treated Consti-
tuition The old Constitution has been laid aside ; |
it has served the people of this State for its time
and this is the Constitution of the people, and
trust will be treated as the only Constitution we |
have, but not as q new patent document, TO be |
alluded to every occasion
THEIR POLITICAL CAPITAL.
This Constitution says: "The people shall have /
the right freely assemble together to consult for
the good, to instruct their representatives
and to petition the Legislature for redress OF griev
ances." The people of San Francisco and other !
parts of this State here with their petitions.
Here are only few of them [exhibitng armfal Of
petitions.l Talk about pettionsi Why, here are |
three or four thousand signed by the poor people of
this State who have deposited in these savings banks
an average less than $500 apiece. Talk about petit
tions tell these gentlemen that these petitions
will furnish winding sheet bury them in po.iti
cal oblivion deep that political Gabriel will
ever them. These petitions represent the
voice Of the people. And we have received dispatch
that on tomorrow $500 more will he forthcoming.
Senators try shield themselves and dodge the is
sue by saying it is the capitalists who deposit in
these banks: have stood and witnessed people as
they have filed into the savings banks of San Fran
cisco with their S5, their $40 and their $50, and
placed it there in secure place. and will venture
to say that there is not man on this floor who has
| ever seen a rich man San Francisco go and make
| q deposit in a savings bank. They not
| organized fT the rich, but for the poor.
find this petition also, that they are genuine
/ find that there is not only the names of the par
ties in their original signatures, find opposite to
| each name the residence of each one. am not &C.
Quainted with them, but will venture to say that
| any one who is familiar with the residences Of San
! Francisco with their houses places OF business,
| he will find upon this petition not the Of a
single wealthy man. 1t is time, Mr.. President, that
this Senate stop and pause upon this question
| find, also, that in
| THE ADDRESS
To the people, of the Constitutional Convention,
when they advised them to adopt this Constitution,
| they said as follows: The taxation of mortgages
is provided for in this way, viz TIE owner Of the
land is to pay the tax on its value, deducting the
value Of the mortgage. The owner of the mortgage
is to pay the tax on the value OF his mort
gage. This is on the principle that man
and on the principle, il there is
no mortgage, bnt simply note on credit, the Leg
isature is authorized to permit the holder to deduct
his debts il they due to residents Of this State.
Aud there we have the language of those who ad-
yised in their address to the people OF this State to
accept this Constitution. And now you propose to
treat these poor people, because they go to the
savings bank and deposit their hard earnings, and
the bank is made their agent by law and loans these
deposits, you propose to tax them upon the mort
gage which represents their earnings you propose
TO tax them a second time their deposits-on
their bank books. 1t is double taxation, and you
may twist and wriggle and sqmrm much as you
please you cannot make the people OF this State be-
lieve it is anything else. 1t is unjust burden.
would like to read from their petition to show the
view which these people take OF this question 1t
says: Taxing all the assets Of the savings bank is,
therefore, unavoidably taxing the deposits, and
di ect tax on the deposits in the hands Of the de
positor is second tax upon his money. The new
Constitution has established the tax on mortgages
so as to avoid the double taxation to which that
tax gave rise before Then why should
this instrument be made to cover double
taxation on the depositor, an injustice OF
which the old Constitution was never guilty7
Under that Constitution the deposits assessed,
but not the mortgages Of the savings banks created
by and representing these -arne deposits.
The small depositors are, however, by far the
most numerous, and are residents Of this State
Upon them-tbe laboring people, those least
able TO bear it, and the most deserving OF SYM
pathy-this second tax, therefore, will mainly fall.
THE PETITION
Goes on 10 say that they have made these
banks their agents. Why man should be