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

sober person, especially legislator,
impefll the shape and texture Of his
hat by attempting 10 make speech
through II. For this reason, ami by
way OF caution ngainht further efforts
OF similar character, we beg 10 ehy 70
bir. Varian, who introduced this papor
In evidence In tho House debate ycH.
terday, aud used brlof editorial
from these columns as a foil for the
lunges Of his sarcasm and sirlklng.
stone for the sointlllatlons OF his
wit, that the article he quoted never
referred TO his bill At all. In the mul.
tlplicity Of measures introduced IN
and pending before the present Legis-
laturr, wo seem 10 have imblbod the
idea that there are two bills to repeal
the act oxomptlng mortgages from tax.
alton; only one Of these have we ell.
torially referred 70. II provides that
"all mortgages, deeds Of trust or other
obligations entitled 10 record, O.
shall for the purposes Of assessment
and taxation be doomed AMI treated NJ
an Interest In the property pledged o.
security for such debt" aud shall be-
taxed accordingly. 10 is whole
sale, sweeping Affair." aud wo have
said, and eth cay, It ought to
DO killed. The other bill provides that
"all notes, bonds and othor indebted.
ness, secured by trust deed or mortgage
hereafter given shall be aa,oa,ed and
taxed as other personal property q
provided the pro.
visions OF this act shall not apply 10
non.fosidont creditors or mortgages"
It makes important qualifications,
which the other does not. Probably
Mr.. VariAn will note tho difference,
when We call bic attention to it,and win
thon agree with us that our comments
and structures upon tho hrsi.named
bill were not altogether applicable
10 the second one. la confederation OF
this expected courtesy, We shall
reolprooato by haying-what we have
not heretofore eaid--lhAt Nit. Nariau's
bill ought 10 DO killed too.
With those members Of the lover
house who yesterday voted for Nr
Varian's bill and today may vote Tor
Llr Johnoona, became they honestly
believe tho5o measures TO DO sound,
just and wise legislation, this paper has
no quarrel. Our business 10 10 argue
with those who sincerely differ with
ua, aud llsten % thelr arguments,
not to abuse them and display rude
malovolonoe at thoir expense. Tho
NEWS Il above the tricks Of tho demi.
gogue, and respects itself too much 10
roply to any anyer or slur tina. II viii.
fully espousea the side Of tho capitalist
and the monoy-londor as against the
humble labotor and tho borrower. We
VIII compare records with any critic 40
any time on that proposition.
We oppose these bills Tor reasons
that have already boon given, aud that
may DO briefly repeated: This Terri.
tory borTows much outside capital
It needs Is in is business. Much
OF this money could not now
be paid II demanded; but the
communiiy's credit aud stability are
unshakon and the loans eau DO 70.
Moved or new ones mAde,-uay, much
more capital IA willing 10 seek safe and
sure investment with ne. Whether
the law says the borrower or the leuder
shall pay the tax on the money 90 In.
vested, amounts to nothing In tho end
the borrower invariably pays It, ii
not 10 the tax collector, then As In.
creased intorea. 70 the lender As %
the suggestion that the law fix tho
maximum rate OF Interest, II IA only
necessary to say that the capitals.
canuot DO compelled TO lend at all.
His talk Is very HJralghtf0gwarI
"Your security Is satisfactory to M;
do my terms suit your II 80, we can
do business together II not, We must
both deal oisrwhoru.D Every sensible
man knows that the advantage
IL VII With the lenlo5 but where i. the
remedyf Clearly it's Ia making him
feel easy ns to his dnbtor'l honesty au'
stability, not In exciting his suspicion
al every turn and boRting him o.
robber. The affair b., Or ought o be,
ANNUAL accommodation; but silll tho
best OF i. Ia on bis ade' hn wants our
Interest on his money but ho don
have TO lend. We DOME want to pay o.
much Interest nor any tuzes a. O.
on his money but ws 10 have g.,
borrow.
Admitting that there IL a slron-
element Of Justice IN tho argument
for Mr. Variants bin, and that Il.
passage AMI enforcement would add
= lew dollars 10 the Territorial