The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1897-02-19
BANKERS CAN BREATHEEAs1ER
Another Detrimental Bill is Killed in
the Senate.

Bankers and money loanerS in Kan
saS may now rest easier On WedneS-
day the senate killed Senator Sheldon
interest bill, and this morning Senator
Forney'S pet measure, providing for the
listing and taxation of all bonds, notes,
and other evidences OF Indebtedness.
met the same fate The vote stood 20
to Is. The consideration of the bill was
postponed several days ago for the pur-
pose of allowing a substitute for the or
iginal bill, which Senator F'orney pre-
pared, to be printed. The changes made
by the substitute were but minor in inn
pOrtance and did not in any way ma
terially affact the measure When the
bill was taken up this morning, Senator
Forney moved that the substitute be
accepted for the original bill. This mo-
ton carried, but Senator Lamb, (Rep.,
Woodson county, Immediately moved
that the enacting clause be stricken
out. In support of his motion he said:
1T seems to me that there are persons
in this senate who will not give up ideas
of confiscat ting somebody's property.
The only fate this bill deserves is to be
killed and buried 1t is one of those
bills, introduced knowingly or unknoW-
ingly, l know not which, that is a dis
elimination in favor of the national
banks and private banking institutions.
This measure would place in the hands
of the national banks the difference he
tween the tax the other man would
have to pay, and the tax which the ma
tiOnal banks would not have to pay 1t
is another of those bills which should
property out of the state The best
thing to do with this kind of legislation
is to strike out the enacting clause in
the state. and say to the people OF the
world that We are not in favor of con-
fiscal ting property of private persons"
Senator Crossan (Pop., Miami county,
followed Senator Lamb with a speech
opposing the measure He said: L
am in favor of just and equal taxation,
but l don't think this bill is a measure
that will accomplish this end A man
fnl- cot to r-ofTT hi
property and then deliberately perjure
himself rather than make the return, is
a man who will avoid the provisions of
this act. One great objection to this
bill is the fact that it would cause a
large amount of property to be taxed
twice, and 1 don't think it's operation
would increase the assessable property
as is claimed.
This is not a matter of politics with
me, but a matter of cold common sense.
With this kind of a law you will work
harm instead of good, and drive bust
ness out of the state
Senators Hessin and Coleman CReps.)
and Sena tors Ryan and Shelter, (Pops-)
also spoke in opposition to the bill and
in favor of striking out the enacting
clause.
The vote resulted as follows:
Senators voting in the affirmative on
the motion We're MessrS. Battey, Cole
man, Crossan, Farrelly. Field, Fulton,
Hanna, Helm, HeSSin, Johnson, Jump
err. Lamb Matthews, Morrow, Reser,
Ryan, Shaffer, Sterne, Wallack, Zim-
mer.
Senators voting in the negative were:
Messrs. Benson, BraddOck, Caldwell,
Campbell. Cooke, Forney, Hart, Hell
mick. King, Lupfer, Mosher, Pritchard,
Sheldon, Titus, Young.
When the vote was announced, Sena-
tor Forney remarked sarcastically:
Capitalists and corporations in this
state may rest easy and have no fear,
we have a senate here who is looking
after their interests