Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1894-02-08

.aN % uihg nAN luANIteN ll can T. H.s
! 'nho hal enacted law similar u
hat passed by this a l51muly ia l5g1,
uutit bud uVt attracted capital there.
Ia one county Of THIS Territory tuuft
ia million dollar' worth VI property
that esclrCs taxation. Tue SNEAKER ryaI
from q brief iu the case 1i Zua's SAY.
ings Bank g trust 60. W.. l.. ~.
Hardy, clllcelorto show taat tho baus
had a vast amount cf capital, owlHl
ny Itself AMI ilH % ppsttofs, waich ca.
iituly tscAIci taxation, The spoa.af
Insisted that There was uJtllng latte
LEA that foreclosure suits would fJilus
tue passage u ihls bill, nor tue plea
that home capital wouli cvaio tte
law. We have heart irom tins news.
papefa and the bankers ON tuis q4...
UOI, Tut Nc have not heard iUm tlr
ida'ecs of tho people. rnay uemalI
Justice between man nGd mau.
Stanford lyHu ht IN Representation
had Ug,1e fr.m uJth lid q % THIS uI.s.
tOn. The a.. sion b.: TsltglJd ..lcy
90 iH'ugn, at auci 70 tita1 Hs tl,r, oA Isl.
l1s couuiu0u2 claim 10 IsuHL iu.
Dill yaHcl .Iit Hs.fiDn was not a part.
IN measure. 10 has not bucu .lrifl.
mental 90 ur revenue o. tuu sE.
.rnt represented. L. support u.
this assertion thl speaker rent
rom the ruplf. OF tue Territorial
lJ.id Of equalization. Hc risJ ttlI e
communication fYM UiUztHs 30
SEWER county, whi1u ff.ra. eniBI tna.
US auth0fs wsf1 yDy uIUu il us. 10
VI money, uus tact, % account Dl
rcniius Legislation, ...f Woo U.i
ug male. Tho fptut1r Thought i.
bad plli,ir8 AMI UaI ,alicy 90 clgn.
rNlsiing lava, or Hgitatu sacu CuaAgu.
II foreign capital ~ no, taxed directly
~ 10 iaairactly, for 30 is iuyssivi In
tangible property wlicI pnys uXe',
aud uatil iottisu capital clmB iu, W.
hat g pay mugh liEufg Rails %,
interest than siucr. This oil u .a.1.I
viii give employment q the g1uils,
ani aii In running many mvl wl1 sr0
doiug uullneIs upIn bJfr1Nsd capital.
johnson explained statements ms'o
by him IN committee wh!Cu nad been
referred 10, aul claimed thnt in s 90.
pOin county there we're mortgage.
amounting % hall million dOilsu,
UWuoi ia Uah, which ought ~ pay
uEa, bat were exempt uuieT tue
present law. lie inside an argument To-
favor Of tho BID, auI dwuit va tho ia.
Justice OF uxemptiug u note which was
secured, and tsXlng Que thAt was not
lie hop the umo had not arrived
when the capitalists OF New York
couli dictate, by telegraph, the lugisla.
don 10 10 passed. by tnis Asb0ubiy.
Narlau Cig tIu debate. Hy ufill.
Ciael tho Clf "a. ser v! tue Arguments
offered RgglHl. tus I'm. Wuuu d.
rtai nu opinion Ia newspaper, he
would ask, whl wrote ~ WHAT arc
the wfitef's qualifications % express n
valuable opiui0n2 Tho speaker hal
tic clerk read a. editorial ~ the NEws
% February 5.h headed, "lSlll rnal
Bill," anI then asked who sent the t,l-
egram thgtcIu quoted, anu what were
hia opportunities Tor lCnrnins Ia
advance what the eilsc. OF this bill
would boz Ga reference ~ toe Guam.
Der u Commerce, he declared ~ had
sanctioned proportions that would
SHOCK the common seusu Of lurtueg.
ycar.Old school boy. Way dill not tie
CHAMBER Of Commerce, by It's COM
mittUt, como bslUTu the committee VI
thi- House In = proper aud dignihui
way, anu with argument, reason anu
ststiatici, oppose tho nlli. He called on
members 10 vote the bill down, because
they wanted IN, aui could II they saw
10 10 do ~, but he begged them not ~
give such iaisc rcasOns IN double taxa.
ton, aud daugof OF thr withdrawal VI
capital, Tor thHls vulcs.
TIE Dill passed by vote OF 10 TO IL.
Tho vote was ~ iOll0wsi
Ayts-Alion, Glars, DJugall, Hatch,
wins, JOhnlon, McBhIu, Mckay,
Parsons, Pisman, Nariau, Warner,
Ninef-l3.
Noes Hubbard, Mason, Monson,
Moore, NuuuaeF, PoWefp, Sruts, sian.
f0rI, sIokor, fOlIou, Mt. Speaker.-ll.
Adjourned.
The bill reads ~ followg
Section 1. All no.os, bond. aud other
Indebtedness, so'ured by trust decd or
mortgage hereafter given, shall bi as
so.sed and taxed as other personal prop
criy, at IL, iair cash value To the ownor
thereof aud any agreement or promises
AZ any time made BY the debtor 10 diruo,-
ly or indirectly pay or discharge tue
taxes on any loan procured by or ox-
tended % such debtor, shall be- nun aud
void, and shall NOS be enforced In auy
court Ia tins Territory; provided, tho |
provisions OF THIS act shall u0. apply To |
non-residont creditors or muugts06a.
500. ,. During January Of each year |
county recorders % the several counties !
shau furnish tho respective assessors |
with "a ceruhal abstract Vt al mortgages |
aud FGHl deeds remaining unsatilirl Uf |
record Tor which tie recorder shau ro- |
c0iy0 10 cents Tor each HuuEag8 or trust |
decd abs,racoi, hall VI thl amuuut 10 bo |
paid by no county Aui halt uul OF the |
Territorial treasury. The auditor u pub |
lie accounts shall draw hif warIan. IN |
favor OF tho recorder for the TsfrIlOry's |
proportion OF tao amount upon proof by |
affidavit OF tho service and umOan. All /
indebtedness secured by Tao mortgages |
and trust detdt ~ returned shall 10 /
assessed as IN tho first section " this act |
provided.
Soc. 5. An act entitled "Au act to
amend section -IJj NJ tho Compiled Laws |
OF ISIS, relating On tho exemption FROM |
taxation NJ mortgage AMI trust deeds, |
aud repeating UhHp.ur 80 Of tho Session |
Laws uI 1902 approved Maroh 10, l-g2, |
A. hereby repealed and this act shall take |
object upon IL, approval.
COUNCIL,
After tho close OF tue NEWS report
yesteriy, the claim Of sucuh MU.
Bride, OF Cache cIuutY Tor usB %
rooms for court purposes, rejected on
OF The claims COM
mittsu, WAS TeCOmmitlul.
a number Of bills were ill0d for third
tta iing, uud a number VI others were
relerruu.
Ii. Il. 80, providing for FREQ public
employment gilcvs, was touhsed al
length, nmeuUOl aud passed.
q. n "a. urlyfIlug Tor the purchase