Democratic messenger., 1894-04-07
TAXING: NORTS.AGES.
An Excellent Argument In
Favor Ofi IL. Some Origi.
mai Reasons.

sttil lditiN III liNhI VI the tdAluS VI
mortgages appeared in the Centreville
Record, in answer 10 an editorial in
that paper opposing the taxation Of
mortgages. The writer says:
Now let us get down 1" the mort
gage question. Did YOU say that TO
tax mortgages was double tax ~ |
hope You did moi II you did. am
sorry YOU stole the thunder Of that
"old chestnut that has been going
the rounds and has been used BY the
capitalists and lenders, since
mortgages have been exempt. How
did you make this grave mistake? Let
me illustrate again. We have a State
we will saw that has real and per
sonal estate, at last assessment that
amounted Ia $4,000. 900. our actual
government expenses is sll1 900. In
order to meet this. we must make II
rate of Sl.l7. This covers all expcn-
ses. In or State also. is a species OF
exempt property that is known as
mortgages. This property amounts 10
50, 900, 900.
Now own II farm valued ut
$4,000. my taxes are Sill. This is
too much | say. On this farm is II
81. 600 mortgage. begin 10 kick and
ask that mortgages be taxed. oh no
says the holder. it you do you will
have 10 pay double tax, but. persist,
rs an honest man, and we tax them,
and therefore we add To our basis
s.. 600, 900 more. Now we have u
Sl5, ,000, 900 basis Our government
expenses have not increased, therefore
our rate falls one-thirl Cd or 10 SIS
on $4,000 instead Of the old sll7
that have been paying Now how
much more taxes am | paying il the
mortgage holder requires me To pay
his taxes on the borrowed $4,000 then
am now paying? Not a penny more
Why simply because my taxes are
cut down onc-third in the increase of
basis or TO as. and the mortgage has
caught the increase on $50, which
added to my S1S simply makes SILT
which ! now pay. Now let us suppose
the mortgage holder is an honest man
and pays his taxes as an honest man
should, then only pay S7S whereas
| did pay sll7. Here is a picture of
facts. Can YOU find in it any double
tax.
But here is another class of people
in our midst. known n the non mort
gagged class. How about them? Here
is my neighbor. he is assessed just
twice as much as |. lie is paying on
$40. 600, or Il tax ot S23l. Now since
We have added the S5,O00,000, his
taxes have come down one third. Now
how much does he pay, Why only
Slj6, beca,sc the rate has fallen pro
poriionately 10 the basis.
Now here is another point that
comes up before me. II is this. many
claim that a man should be exempt
on his real estate. according Ia the
encumbrance of the mortgage ! think
not. Why should he? IN II $1,000
farm don't he draw the same revenue
from il now ~ before il was mort
gagged. How j. "a man : wealth rcck"med
except by his income II no income or
no prospects Of an income, the vested
right" is Il Jhnk in ,uiue>. The mort
gage loan is simply a beneiactor in
time of need or Il need Ia make IA
benef;,ctor, money being worth its
legal rate, the borrower should pay
ILL seeming hard>hip-or he should
never have borrowed it, and equally
50 should the mortgage holder be
made to pay for his securities in th s
shape alongside Of the other real or
personal estate man. \ mortgage pays
clear interest when real estate notes
and other species OF taxable property
fail To do So Therefore if there is any
specie OF property above another that
should pay for protection il should be
mortgages But this exemption scheme
is only one of the thousands might
say, of the bills that have been lobbied
or railroaded through our (once)
honored legislative bottles by scheming
unscrupulous and designing men, and
these sharks come mostly from our
corrupt cities. where they seem to
love 10 prey upon the honest farmer.
who follows hls plow chiefly unmind-
ful OF the dark clouds that are con
stantly lowering over his pathway.
Tax mortgages, because it is right
and just, and because these are peril
Gus times. Every man should stand by
his gun ready To do action for the old
commonwealth. let the order Of
George Washington he carried out
put nothing but patriots on guard in
this hour" for there is great
uphcaval. Our times need soothing
influence. People are carrying burdens
they should not carry. Others are not
carrying any burdens III all, but that
of injustice. Scatter your licks gentle
men, and we will not feel the wound
so intensely rs now. Let no man
escape. No man should feel like escap-
ing. Ii he does he is not true 10 the
flag that protects him.
DAINTY DESERT y dainty dish
for dessert or II sweet dish at luncheon
may be made from small squares OF
stale sponge cakes sold by the baker
Split the cakes and brown them a
little on each side in hot butter. Put
ON dish where they will keep hot
and lay on each slice of preserved
or canned pineapple. In the pan where
the cakes were Drowned put cupful
of pineapple syrup, and when hot add
II level tablespoonful of corn starch