Western Kansas world. [volume] (WaKeeney, Kan.) 1885-current, 1893-01-21

for the right to sen his debtors propsaty fer
tracted for b the right to dispense with - ep-
| praissmens, otherwise to be had, 20 compo1t6e
a waiver Of The Right to- 70 establish rsni-
mum selling price h mot the waiver OF ri1ht
| to insist upon an adeQuate selling price. 9,1sh
one OF the Legislative houses at it, lass session
and one OF similsr character Originating e TIE
other house was passed py i. but being taxen
| into law, becauseo of the close Of the session.
Under this head would also snggees that
sSs Ss ssS;s e and sss9 ia
silver or national treasury notes should BE-
made legal tender for all obligations In Kansas.
Taxation.
| An taxationis necessarily burdensome, and
| should be imposed as lightly as Is consistent
| with efficient pubic service and good govern
| shall distribute most equally the necessary
burdens on all persons according 70 their aDllty
| to bear them and the measure or protection
should not be taxed while another class
escapes. It IS true In this state. and perhaps
| In all others, that large proportion OF per
thus ahirks his share of the public burden.
! This Is especially true OF moneys and credits.
It Is difficult to see any justice u law wh 9
holder of q mortgage, whether residing In this
or another state. 10 hold mortgage on is and
taxed mortesses may invoke the aid OF our
courts to enforce payment, and thus aod
largely to the expense OF governments. Real
estate encountered with mortgage should Do
taxed less than its value in proportion 20 the
amount Of the debt resting thereon; the hold
ers of mortgages should be subjected TO their
Section four "a of article thirteen rls) OF thu
constitution of California Is said to offer sat-
| isfactory remedy for this double taxation. and
"SEcrIoNA mortgage, deed of trust CON-
tract, or other obligation by which q debt 10
secured, shall for the purpose OF assessment
and taxation, be deemed and treated as an In
terest In the property affected thereby. Ex-
cept as to railroad and other quasi public
81 tSs osss OF ae6sS % Sy sne
gage, deed OF trust, contract, or obligation, less
the value Of such security, shall be assessed
the value of such security shalt be assessed
and taxed to the owner thereof, In the county,
city or district in which the property Affected
thereby Is situated. The taxes 30 levied shall
be lien upon the property and security, and
may be paid by either party to such security.
If paid by the owner OF the security, the tax 90
levied upon the property affected thereby
shall become part of the debt so secured. II
levied upon such security, it shall Constitute
payment thereon, and to the extent of sueA
payment full discharge thereof; Provided,
be paid by any such debtor or debtors, after
assessment and before the tar levy, the
amount of such levy may likewise be retained
by such debtor or debtors, aud shall be COM
puted according to tax levy for tho preceding
year."
Attention is also called to the excessive PEN
alties and interest that ar5 charged up against
property delinquent for taxes These exces-
sive charges are usual and perhaps necessary
in the earlier years of statehood. But It Is be-
HQVad that the nP0o0offU q nd
high rates of interest passes away as the state
becomes older and its population denser. Peo-
pie do not allow their taxes TO become delin-
quent from choice. but from necessity. To
impose upon such unfortunate persons penal
ties of 15 per cent before sale and "a per cent
per snnum on both original tax and penalty
after sale savors of oppression rather than jus
tice.
Many neighboring states have greatly re-
without imperiling their revenue, and It Is be-
leved that reduction could safely De made In
Kansas
Rates of Interest.
The attention Of the legislature is especially
called to the open violation of existing statutes
and to the merciless abuses so often practiced
upon those who are under the pressing necessity
OF procuring money on short-time loans rom
greedy brokers. The present legal rate OF 10 per
cent. interest is considered ample by all banks
and bankers of good business standing, nor is
there any widespread complaint among borrow
ers of money on any bankable time OF thirty,
sixty or ninety days, relative to such a rate for
loans.
But there exists well founded complaint that
the existing law is violated and cunningly
avoided by a class of brokers at most of our
money centers. Hence financial disasters to
many a helpless borrower. The borrower is
often compelled to deposit an excessive amount
of colaterals, to fortify the extortion of unlaw-
full interest and bonus charged so that he may
finally become utterly helpless. Personal prop.
erty that would be exempt from levy, and ought
to remain unincumbered for the beneht and
proper protection of household, is toe often
swept from the grasp OF aS SoP N S Deo aHr
penalty for these usurious loaners of money to
legally forfeit both principal and interest, for
RECEIVING either directly or indirectly an amount
would further suggest that prudent and wise leg
islation might regard such violation or law as
misdemeanor.
The Worlds Fair.
After a proper examination of vouchers and
all just expenditures incurred in conducting
the office Of the Worlds Columbian Expo
sition," those who have advanced money 70
and the state should take entire charge Of the
same. Kansas should not be behind her sister
states in the manifestation OF proper public
necessary appropriations for the same should
be made
would suggest that a commission be APP
In this important matter. and that they be au-
thorized to take entire charge OF the move
ment.
The last legislature In its closing hours passed
an enactment on banks, which regard defec-
tive in some of its provisions. It has occurred
to me that section "a of chapter % Of the session
laws of 1891. in providing fees for the examina-
tion Of banks, puts them too high; and that SEQ
ton 19, which provides that the official stat
ment" of each bank Of its financial condition.
(of which at least four reports shall be pzade
each year, shall be published by such bark Tor
one week in daily newspaper Of general cir
culation, published In the city where the bank
is located" makes the advertisement unduly az
pensive to the bank publishing the same, when
its insertion in a weekly newspaper of general
circulation might as well suffice. This act
might properly come under general review. 50
that any needful amendments to the sans might
be enacted. IL thorough supervision Of these
banks Is desired it may be important to author
ize the chief examiner to increase the nuTnber
OF deputies, as the present force b irsufhcisnt.
State House and Grounds.
The unfinished condition Of the state housa
necessarily suggests that the Legislature should
make suitable provision for the prescott
ton of the work on the capitol building,
looking toward its completion at the earliest
day consistent with the public and gen.
eEal interest of the state. Whether the
legislature should provide at the present So
sion for the immediate completion Of the capitol,
or whether provision should be made to completes
and furnish only those portions of the Building
that seem to be most needed at the present time