The state rights democrat. [volume] (Albany, Linn County, Oregon) 1865-1900, 1886-05-28
TmE FACTS
SAND RIDGE, Or, May a5sh, 1886.
Eds. Democrat

SAND RIDGE, De-, May aosh, 1900.
Eds. Democrat
As granger / am determined Il
possible to tind out tbs views of candi.
dates before voting. There has been
much said about Mr.. Black having In
troduOed bill in the legislature which
virtually repsals the mortgage tax law.
Now want to have you state exactly
the faots about this case, and would
have you make the statement sinply IN
the interest of truth, and without regard
20 ,horcsult of the approaching election.
GRANGER
We will cheerfuily comply with our
granger friends request. In the 6rat
place, our friend must bear in mind
what the mortgage tax law ip,and what
we're tho offsets TO be attained by its
enactment. Before the passage Of tha
law there was very general complaint
among farmers that foreign money lem
ders aid rot pay any taxes in the state,
aud that thousands Of dollars owned by
persons in this state, and loaned upon
real estate security, continually escaped
taxation 10 the great injury Of those
who had TO pay the taxes TO maintain
county aud state government. To OBJ
viate these obstacles in the way OF se-
curing equality of taxation the mortgage
tax law was passed. It's friends had
tive objects in view which they hoped
to accomplish by its passage. Tie tirss
WAS to make sure that money loaned
upon ,oal estate security should be taxed
} aid made to bear les portion Of the pub.
lilo burden. The second was TO cause
ths taxes levied upon such moreys so
loaned to DO pail ia the county where
Il was loaned. IL will he remembered
that taxes in different counties differ Al
to the amouns levied. la Linn county
our taxes ara about l5 mills on the dol
lar, willis in the other counties OF thu
state the levy rnns FROM 10 in some q
as high AZ 80 mills in others. Fren
> this it will bo seen that the lender o
monsy could nsvar ba certain what hi
interest," would amount 20 after payinl
, his taxes, for, besides the fact thai th'
J number of mills levied varies from yea
70 year school districts may At any t:m'
: vote heavy taxes for school purposes
y SO that this was the real ground 0
] complaint among lenders to tho mort
j gage tax Law. The 6ill introduced b,
$ Mr. Black aimply provided that the bor
Q rover aud lender might legally ente
0 into contract, when loan was made
8 to the eiTsot that 10 addition to the in
e torsss agreed upon the borrower nigh
2 also agree to pay the taxes upon th
n mortgage. Thus it will DO seen tha
= the Black bill does not 10 any Eespec
l. repeal the mortgage tx law. IL doe
& not release any B.orsg.gs from taxatio
y that was taxable before his bill wa
D. passed. II daos aot ia any :Gstanc
'r change the pace whsrS taxes are to b
% paid. We woull say 10 .ur friend i
% tho interest of truth that there has bee
o. more demagogy bestowed upon the su,
20 ject Of Blacks bill than any subjst
= that has heeu discussed by the IsopI'
OF We SAX our friend 20 candidly end car'
~ fally study this question in all i
' bearings, and We have 40 hesitation
D. saying that he will soon sse that Black
IS bill no more affects tn. mortgage Ia
." Law than law passed by another stat