The state herald. (Holyoke, Logan County, Colo.) 1887-1921, 1894-01-19
MEMBERS ADVISED.
GOVERNOR WAITE's MESSAGE.
He Tells tho Colorado Legislators Why
He Called Them Together and
Explains the Need for New
Legislation.

no called Them Together and
Expiains the Need for New
Legislation.
Below we give comparatively brief
condensation Of Governor Waite's ad-
dress road at the opening Of the extra
session Of the Legislature.
The governor after speaking Of the
propriety Of calling an extra session,
referred to the need Of a change In
the laws regarding trust deeds. He
said:
Governor Adams, five years ago,
pronounced the legislation Of this
State, in relation to trust deeds and
attachments, as Infamous. The hy-
pocritical press and politicians Of the
two old parties have We'd in denuncia-
tion of these statutes, which place the
debtor class absolutely at the mercy Of
the creditor class, and provide under
legal forms TO take away the prop
erty of the debtor without due process
Of law, but during the past three regu-
lar biennial sessions Of the legislature
Of this State, whose sessions are limit
ed to ninety days, no legislation for
the relief Of the people from these in
famous laws has been accomplished.
The bankers Of this State, the corrupt
politicians and venal newspapers who,
pretending to be opposed to these in
iquitous laws, have really been in their
favor, by every means in their power
have prevented their repeal. The
tactics Of delay have been used with
fatal effect, and general assemblies APP
parently, and perhaps really in favor
Of reform as to these outrageous laws,
have adjourned unable to afford any
relief"
After calling attention to the fact
that such suggested legislation should
not apply to present contracts, he said;
"But as to future contracts, there
can be no question with any honest
man, that the infamous outragcs which
the creditor can now lawfully commit
upon the debtor, should cease. The
recommendation as to the attachment
laws of the State, applies equally to
the code, and the justices act and the
regulation Of costs. The special plea
so often made that independent and
just legislation will drive away foreign
capital, or provoke the creditor to re-
sort to the unjust advantages our laws
give him, is both cowardly and false.
Creditors often grant time and favors
to their debtors, but MS rule it is in
their own interest. When payments
become slack or arc entirely suspend
ed, the legal remedies will be APP
piled"
In regard to the proposition to stop
the issuance Of bonds, he said: ''The
proposition to issue certificates or or
ders for state warrants is just and
constitutional. As is also the rropo-
sition for municipalities to issue their
certificates or orders instead Of Dor
rowing money. The question is sim
ply whether the financial policy of the
country shall be in favor Of the pco-
pie or wholly in the interest Of the
banks and bopdholders; whether the
national financial policy, so ficrcely
old political parties in this state shall
control tho financial policv of the state
and Municipalities +"
In tbi. connection Goycrnor Waite
called attention to the scrip issued and
.;rculated nv s., Louis in Is73 lie
than r.fcrycd briefly tn his recon.
mendat;ons in regard 10 n change i,
,be ;rr;r,,;or laws tho creation ~ :,
new county for Cripplc Greek to ,.rc-
ate pon.narti,ap election bo,rds N
securc tho rey;stration NJ womc, IN
reduce delinouent tax pennltics and
IN r,oy;de for . mo,. careful cx,m;,,.
tion of state banks, He exprcs.ed
mo on;n;or that tho local ;mn,ov..
men, nils sbould he ,asscd as n was
better 10 use The state. fund. in in.
,orn,i imnrovomcpts than 10 lct IN.
b,rIs have n n, 4per cent II. ,Iso
nrr.d Tho massage ~ law. sorh;dd;nr
roId clauses IN trust deeds Tben ,Le
sno,tsr ,urncd his attention 10 the
silver ouc.tiou.
"But the wors, and mos, ty,,npical
u.urpatiop Of power by the general
Government has been It's unius. and
unconstitutional war upop silver In