Alma record. (Alma, Mich.) 1878-1928, 1891-01-16
yx-oovruson rrcr's MESSAGE.

canvass the vote and that VIA hS he .h-nIvtI j.,
votes OUTSIDE tne o,vsUnnerance legislation eY-
Gov Luct thinks the local y, ,'c ains " ~ t
no amendment, but the Ia red Observation-Disclosures
should he properly ameenaed ana reIenacted.
The passage OF genera Jaw , ipf Tue ,loor
! alton OF villages ana ed ~ Ava '''1'Ans
their charters Is adyiseu'
p,,rnrSo AND LOAN ASSOCIATIONS.
1,,esa have been in active operation in
rranv states OF the union for many years.
They have proved OF great benefit to tie wage.
earners in different states of our own as we'll
"a IN foreign countries They are of more
recent origin In Michigan. Through the en-.
couragement extended by the act passed by
the Legislature In 1857 many associations have
been formed. Through these, homes have
been secured for large number of our toiling
IL: 1889, for the purpose of further encourage
ing these Associations, and for the purpose of
avoiding IN this case double taxation, an act
was passed exempting from taxation. certif-
Gates OF stock and ali mortgages or other Sc
Icurlty held by these associations. This was
intended to apply solely and alone to the cor
| poratons that were established for the benefit
OF those referred TO. But, perhaps, because Of
| inns exemption, associations have been organ
| lied and are maintained for the purpose of in
| NeStments by capitalists, believing that here
was good field where they could safely in
vest their funds. The question as to whether
inns was authorized by the act has never been
| passed upon by competent authority, but II II
can be done the law ought to be amended so
as not TO exempt this class of investment from
| taxation.
They are doing something in the nature of a
| banking business with paid up stock, that Is,
sufficient amount is paid in at one time 10 earn
| the face value OF the stock within given
| period, and the law should certainly provide
| for taxing this class of securities, and no COM
! plant is likely 10 be made because OF this
| amendment
The same rule OF taxation ought to prevail in
such cases as IS provided for the taxation of
| bank stock. The reasons for excmpting the
| those have "A small
| OF 1t paid for, do not exist where paid-up stock
| is issued.
Then again building and loan associations OF
! all kinds ought 10 be placed under official ex-
| animation, 80 that not only the stockholders
| but the public may know the exact condition
| the same as they do the condition OF state ana
| national banks. And | recommend that the
| law be so amended as TO tax the investments
| in these associations where the purpose is for
| Investment only and that all of them bo
| placed under the examination OF the Bank
| Commissioner Of the state IL is believed that
| there Is a general desire on the part of the
officers OF the several associations 10 have this
| done.
There are large number of building and
| loan associations organized in other states
who are operating IN this, and l commend
| 10 your consideration the subject OF providing
some security for stockholders here. We do
| in case of insurance companies and the magni-
| tude of the business being transacted Justiies
| your consideration.
DELINQUENT TAXEs.
The Governor recommends a change in the
method of collecting taxes on lands returned
| 10 the County Treasurer by having him make
the sales directly instead of returning them to
the AUDITOR General.
THE COURTS.
| He also recommends that tic law Of appeals
be so amended that appeal from the Circuit
| rights and personal liberty are not involved,
| shall not be made unless the judgment shall
| be for more than 500. Also that appeas from
justice courts, unless the amount exceeds So,
| should be prohibited.
VARIOUS THINGS.
| In the matter of the worlds fair the appoint
ment of four Commissioners is suggested to
represent tho agricultural, manufacturing,
| mining ana educational interests Of tn, state,
| and If they are appointed that ii e. be taken
| from the two leading political parties o. the
| country He also recommends that an ample
| Appropriation be made TO enable these Commits
| sioners TO make creditable displays in their
| several departments.
| Governor that il will be asked 10 appropriate
| $4,000 as n contribution 10 the expenses OF the
! coming Grand Army encampment.
THE UNIVERSITY.
Referring to the fact that the university
has 24OO students, which number is likely to
Regents are, under the circumstances en-
| titled To great credit for the exercise of
economy in their estimates for the ensuing
| biennial period. They ask for 1891, SltO;21;
| for isg., sgI2OO, making total Of Sl97 SIS.
| This Is S0.26l less than the appropriations
two years ago. II is not easy TO see how they
can take care Of the number of students they
now have with anything less than the
| amount asked for"
OTHER APPROPRIATIONS.
The Normal School will ask for Sg0,920; the
Agricultural College for S52,62O, Of which sl0,-
COO is to rebuild the laboratory; the Mining
school for $4,000 for construction, equipmeI /
and current expenses; the School for tho
BliLA. S46,3l0; school for the Deaf, Sll4,Sj9, or
Sl4,4G less than two years ago; the Soldiers
Home asks for sl11 go, and the Ex-Governor
says: IL respectfully ask this Leg stature To
appropriate, as early as possible, the sum of
$4,000" to pay of debt incurred from the fact
| that the amount received from the general
government was much smaller than had been
| expected. The State Public School asks for
| SU9,Uis; the Reform school for St3,cO annually
and the Industrial Home for Girls wants s73,-
| ia.
TAXATION.
Under this head the retiring Governor says:
~ graded income tax is advocated by some
who seek to relieve property from the burdens
1 Of taxation. ! he suggestion is worthy of con-
/ side ration. The law ~ well as its execution
should require all property 10 contribute its
| just share tow ards the support of the govern
| ment and it's own protection. And no greater
| amount should be collected from the people
! than is required tor the humane 40 economi-
| cal administration OF public afGi-&
GOV. wINASs' MESSAGE.
Gentlemen of the Senate and House Of Repre-
| sentatives:
Tne people OF Michigan have intrusted TO
| you the legislative control OF public affaire FOR
| the next two years
| | cannot doubt that you feel the great TO
| sponsibilty which comes to you with the
! power to make laws affecting the varied inter
| ests Of two million people, and that you will
| strive 10 exercise this power in spirit of
| equality and fairness TO all. Coming, az you
do, direct from the people, n part and parcel
| of those whom you represent, with like eNpcr-
/ fence and aspirations aud material interests.
| anu with intimate practical knowle ledge Of
| their needs, you have only To be true TO your
| selves TO serve well the interests OF your peo-
| Pile. The magnitude of the trust reposed in
| you will become more apparent you pro-
coed, and should be n constant incentive to
| give your best thoughts and energies TO the
faithful disc barge of your duties.
! Custom and the Constitution make il my
duty 10 bring TO your attention such matters
| of public concern RS seem 10 me TO require
! legislative acton. To outline n sound public
| policy, or to propose aise course OF legisla-
! ton. would require large public eyper tncc
! and great political wisdom. | can lay claim
| TO neither, but trust We are all actuattd by
! the same motive, how best To discharge our
! official duties and serve the true interest OF
the people. In this spirit let Us strive together
To correct abuses and remove ineQualit es
where they exit. and TO make such needed re-