Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1894-02-07
MORGAN CuY Uiah,
February o, 1884.


Editor Dcstre, Nous
We earnestly trust our Legislature
will not adjourn without pas.iug law
that men who hold mortgages o.
y upcrty have q pay taXct ON such
money loaned. Some seem % think
tnis viii plunge us into an awful
calamity; bul ! ask, are wo not Ia
calamity nov? AnOlher report Is that
n mortgages are taxed, men viii charge
a higher rate OF Interest on their
money. This is not 90, ~ least IN cur
part ~ the country. Tue richrst men
10 no, pay thsif share OF the public OK,
pensc. rhcy loan their money in
almost every distance az twelve Ier
cent per annum, ana thus make more
than tue farmer cal on his farm, aitUr
paying his expenses.
n the Legislature 10 afraid that
higher ratio u Interest will be charged
the poor man when he has 10 borrow,
let law DO passed making Il unlaN iul
for man 20 collect more than ak per
cent Interest prraunum,a aud then some
VI these men who have means that they
DO not want 10 loan a. 20 low n rate OF
Interest Will put some Of thelr means
In industries, THIS will create de-
mand Tor labor ani We will not have
40 many farueIs with no market for
their products.
Weneod not fear that men who have
money are going 10 hYid n In corner.
Why, only 10 walt a month for better
l1vtstment viii pay the tax at the
present rate paid by the tanners, All
We have % do " o. examine tna records
and we nnd that when money WIS
taxed thc Interest was precisely the
same A. today.
Tue present Law Il tho climax OF
Liquidation AZ aintt the p1or IN fAyor a.
tuo rich. \ man cannot borrow
hunbred usiaus without giving
mortgage because 10 aimpiy giyea note
means thai the ien1er must pay taxes
un his mOHeY which be- does
rot want 10 40. IhA reOple
teb expecting some laws Iirged that
Will tqualIto tue Lurlons ~ taxes On
ia classes o. 'HDpafty. II 10 VIII not
10 20 tax She mlluy .lenIrr, DO not tax
no borrower ~ Il 4, not ght 10 tax
TO mortgage, 81 ~ lJgtr rate Of
interest, then bY all means tho matter
lIuu.I he HrgsnstI % fhsf i'h man las
iufm vita Il teen hun &c. dollars
aud hu b0gf1wa thouaand O0llau lu
lLls property, le thg man owning tue
farm pay taNcl on i've hunirad dollar.
" lille tbs money leader pays the taxes
On the one tn1usau. dollars ins PR
peIty viii notthun be Assessed twice.
UniUr our ptcsent Laws tie farmer
cannot ovru ssy wEAt tho farm 10
G0s,h. This nus. lie dOne by the
sssrss0r Eui should ,in Territorial
nosrd cOusiicr t1is v.llatiju two low
lhoy raiHs itand 1t oAalOt teen uged.
az the poor man could sat me 1tI,irtl
Look Ut him as they 90 tue rithsf
isHes ho ntui not lUrsvcr DO pUrr.
TO railway companies say Chat
mile uI road ued tat c.sl
Ity lh0u sgI G.l.sn milo Is
20 mufe yaiIN ~ them than o
n,le that unly Npgt live thousand i
mile, hence 1. 10 all assnssaI aIAr.
But let "a man who hus lived Ia ia.
.Jv3- ufitWO tO.Ms suilJ u brick htusp
{ .lrur ~ u,s, cod what SO we set2
More taxes 10 be paii. rhs UJor ieliYg
4au only live Ia Il AZ he dil ,ht other.
aud tue railrozd eau only carry GU its
t'suic over the road. II che tax on one
BE- Increased, 50 should the Otuer DO IN.
creased.
Let the Legislature do something !.g
g1e M lrity OF the psople, Rud al W.
az 10 justice 10 all classes,
HOMER.