Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1894-02-12
BETTER rHAN noUSTrEs.

BETTER THAN nOUNTlEs.
There are several measures pending
In the Legislature Tor the giving Of
boup,lea TO different industries. II IL
not the purpose Of the NEWS 1t this
tlmo 10 either favor or combat any OF
these bounty bills, "a thoy are political
Is1ucs that will doubtless be determined
on party iincs, ani this paper Is not IN
the lists a. party champion. While
Mother approving nor denying that a
bounty for tho encouragement Of an
Industry may DO a good thing, We
think there 10 something better and
more effective In ihe way " an impc-
tus to industries Of oil kinds hero In
Utah, than apy bouullea In the power
oithe Legislature W confer.
Tho potent force that would mako
the wheels Of our factories hum, cause
n forest OF amokc-staoko TO spring up In
our midst, transform into created
wealth the vast possibilities OF our
magnificent resources, and coniorupon
cur citizens all tho blessings that
would fow from such results, 10 cheap
and abundant capital A legislative
policy that will succeed ia persuading
capital to come 70 Utah, either ~ Gu
couraging progressive citizens 10 Dor.
row II for active investment IA manu-
featuring or other bunohcont enter.
ptiaos, or Ia 10 Strengthening the con-
hdcnce Of foreign lenders that they
will let their money CONF 10 Utah,wi
accomplish more Tor home Industry,
and the employment Of our working
people, than all the bountiss which
our Legislature could vote 10 the most
merltorious Of our industries.
II IL not hero Intended 10 discuss the
mathematics or metaphysics OF taxa.
ton. To do this would make Il necss.
sAry to enter upon the intricaoies Of q
very profound subject. Butt surface
truth ia often as important as any that
can DO found deeper down, and there
Ia certainly substance In the argument
Of a gentleman Of this city, well known
tor his ability as n nnancior, from
which II is made 20 appear that
should the pending bin to tax debt
secured by mortgages aud trust decd
become law, the result will be many
cases Of triple taxation. a man buy
vacant lot and builds upon 4
an expensive structure. To do this he
borows money. The land, now thai
the building stands on It, Ia worth 4
great deal more than when II wal
vacant, aud the inoroaso In iis valu,
increases the tax upon It. Tho build
ing Is taxed at what II cost, or ut III
value, aud ths debt secured by mort
gage ON the land is also taxed. Tn,
hnaucler referred 10 holds this to IL
triple taxation, aud great diseout
Rgemont 10 would-be improyors OF rea
estate. II thepFemlass be- granted, Ia,
conclusion Is that relief from this dis
oourRgsment would be rs good ~. Vi
better than, bounty.
The points made In tho interview
with Colonel Il. q. Webber, which Gp
peared IN tho NEWS last Saturday, ar,
well worth the candid confederation %
the Legislature. Zi0n's Benefit Build
ING society, OF which Colonel Webbe
IL president, while not claiming to b
eleemosynary In character, nor To dis
pense charity, is yol a most bonehcen
Institution. IL has been the meaus o
creating many comfortable homes IL
this city, ana OF comforting upon thu
community ut large all the benefit
that have inevitably followed the re
suits Il has accomplished. II the b!l
TO tax debts secured by mortgage
aud trust deeds becomes law, III,
result may DO to throw this institu
ton out OF business as the stock
holders may aud probably Will, n
vote, In preference 10 assuming th
burdens the law win place upon them
The gentleman who Is tho author 20
the bill, which, should II become law
~ navy ~ hANNhANg NAAAN AANNNAAkiNAlt NNh
the industry OF h0me-ereRling which I
has been the means OF carrying on b.
successfully for many yoaTs, Is rI
ardent advocate Of a bounty Tor each 0l
several industries that ore asklug
legislative aid. Now would it NOT l
ns well 10 foster such enterprises o..
HIon's Benefit Building society by dc
clining to tax them 10 death, as @
give a bounty to some other industry
Perhaps II is true that scyota
laws arc necessarily harsh, an,
that II lie impmo,icable to plac
their burdens whore the SAM
would appear, in tho light Of equil!