Fairhaven herald. [volume] (Fairhaven, Wash.) 1890-????, 1890-08-28
..trIeted movement and free

unrestricted movement and free
| dom q ao1'p there never has been an OBJ
TO ulus, noual 10 this Washington in
| ieci lc,9'',st ments: the fact has become
ytes J" and she gets them. Money is
kn0Np, MO the state from all quarters.
pour very opportunity; 1t enters into
.eeAs ,onre. ii creates cities, builds
Nely Ans mines. makes farms. irrgates
| rilIs, odpnd establishes industries of all
hn9s II is planted wherever men see a
klus, that may in time produce diVi-
pro- Nv yield profits. Not so in Oregon.
denus ~ The reason? Simply this; The
WA, ~ Washington favor investment OF
AVS while the laws of Oregon practi-
Hgg,' Iforbld It, Investments are free In
-" iogton. in Oregon they are ham
WI tTammeled. restricted by our tax
PR and by the practices that have
Kan up under them,
.c..nre is no usury law in Washington
money may be lent on mortgage in
a binutOn without suh1ectlng he lender
Nassnrrs,,yer TO tax. Capital, therefore.
|sading a free field, Is pouring lnto wash
tiuin7 Milling the state with industries.
H6ecfing a transformation whose
M,litv and extent has seldom been wit
aPiood iu The growth of our states. On
pacific slope there never has been
nr ,binq 10 compare with IL. What has
n done in Washington during the last
te" rears has been mainly the work OF
|entaI Introduced from abroad. This
agi,ai has been introduced because the
1ppmle have invited it. have not hindercd
4. hee movement by usury or mortgage
y, laws and have been wisely content
|stb taxation of the properly 1t has Gre
WI instead of taxing the credits OF
|ansns ON which the industrial develop
Vant of the country is founded. Had she
I'D extended TO capital this invitation
mi opportunity, Washington would moi
bsyc Witnessed for twenty-five years &c
lowe the development she has now in 50
|.bort time achieved.
Will not the press of Oregon unite In
o,ginr amendment of the tax system OF
ami state. including repeal of the m0rtg'
|sretaN law? Experience makes IL clear
|,igf The present system Expresses tn,
|sate and retardS its progress, There j.
/ reason why capital seeks Washington
|snd avoids oregon. What can the reason
H. other than herein indicated? Oul
|Torgage tax law utterly fails of thu
y, NOSE for which it was intended. II
|5o.s not favor the borrower. and II ever
Il makes the lender pay tax he simply
Inns il. But it does impede business
transactions; it does prevent the free
|T0yement and investment Of money: /
does keep capital ont Of the state. VII
mol the whole press of Oregon join IN ask
|ng the legislature to repeal 1t? lie
aDital flow freely into Oregon. and w
,hal speedily have a degree of activit!
md development here as great as tina
Witnessed in Washington. But this viii
never be in Oregon so long as we insis
0n damming up the very fountains OF al
active enterprise. Millions of capita
have gone into Washington from Oregon
mring the last ten years. solely becaus
\ could find investments there which til
avs at home forbid. Is this to continue
Then by the end of the nextdecade Wash
ngion will have twice the population an
more than twice the wealth and bushes
and prosperity of Oregon.