The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1898-10-14
VOL. - SUPPLElnIH5rIT TO 40
The Goodland Republic,
OCTOBER Ii 1895

asst gnmentS OF real-eStabe mortgages,
and for the release OF ruch mortgages
by the assignees thereof, and prOVid-
ing penalties for failure to comply
with the law. This law gives to the
debtor notice as to who his legal
creditor may be, and the assurance
that when he DAYS the interest or
principal to the legally recorded
creditor, the money so paid, to the
extent Of the amount paid, eXtin-
guishes the debt. Many instances
could be pointed out where the debt
or had paid his Indebtedness to the
supposed authorized agents only to
find out, when too late, that he had
paid the money to unauthorized and
irresponsible parties, which has led
In many cases to the loss Of home
and money. This law while giving
ample protection to the debtor, In
no way interferes with the rights Of
the creditor but simply protects the
debt ridden mOTtgagOr against the
FaScality Of persons who claim to
act for the mortgage holder. It
might be q wonder to some why the
Republicans had never thought to
pass such benfficient law for the debt
or class. and ft is true that nearly all
the Republican members in the Houss
Of 1897 did vote for the bill when be
ing considered. But upon the publ
cation Of the law IN the official state
paper and after the act became effec-
tive. they saw what q good law they
had helped to pass in the interest Of
the poor man whose property was
mOrtgaged, many Of them Joined IN
protest against the law and said &c
was not the kind Of a law they In
tended to help pass See House
Journal Legislature 1897 page 12S1.
I rr-fHN
vote in NOYem Der, for the party that
tries to protect him or for the party
that protests against protecting
him2
After considering the foregoing
law, turn to page 34S and you VIII
find one that is to prevent dishonesty
/ of persons who mortgage property
and provides a penalty for the destruc-
ton or injury OF such property This
is a law to protect the security Of a
creditor from the wrong ects OF a
debtor. At the same time the debt
or is protected by the following Pro
visO, THAT in any case where usuTy
| is charged or collected, this act shall
be imperative and void"
Who ever heard Of a Republican
| legislature inserting such a prOvisO
in one of their laws? Their laws al
ways protect the money lender from
robbery by usury. In this law both
creditor and debtor are protected In
their rights
In the legislature Of 1889, which
was nearly unanimously Republican,
when bin in relation to Chattle-
I Mortgages was being considered
Buffalo" Jones, representative from
I Finney County, attempted to amend
the bill to prevent the collection Of
- Il
where more than twenty four per
cent annum was charged. Only
about a COTpOrals Guard voted for
/ this just and righteous amendment
and the great friends(2) OF the poor
/ debtors Of Kansas, of the man who
/ had probably given a chattle mort
/ gage on every horse, COW, pig and
chicken on his place to secure a little
money to tide him oyer some hard
/ luck, voted down the amendment
with a WhOOD that drowned Jones
under an exUltant cheer Of noes.
4 This was one of the proceedings OF
! last legally assembled Republican
/ legislature of Kansas, the legislature
I Of 1889 of which Hon. Webb Wilder
/ then Insurance Commissioners, said
In his report for that year, when
! the legislature adjourned last March
/ every body in She state-hOuse felt as
/ II they had been through a cyclone
There was profound thanhulnesg
when the wind-bRgs LEFT"
TAXATION.
Property holders in many instan-
i ces evade or attempt to eTRde the
/ payment Of their just share Of the
/ taxes. Three important laws were
/ passed along this line and had for
their purpose the taxing Of property
and credits that had heretofore es-
capped taxation, thus lessening the
] taxes Of those who have been paying.
] Chapter 243, page 453, provides for
/ the taxation Of personal Judgments Z"
! Notwithstanding the fact that the
/ agents making loans always certified
\ that the land was worth three times
/ the loan and in most instances was
/ worth that amount at the time the
/ loan was made, yetunder Republican
mis-rule and legislation in the inter
est Of the bOnd-hOlder and against
] the plOW-hOldeF and pick-hOlder val
ues shrunk to such an extent that
when payday or the foreclosure
] came, the property would not pay
I the debt, leaving a deficiency iudg-
/ meRt hanging over the poor man
/ after his property, perhaps his home,
\ had been taken from him, with the
/ fact staring him in the face that If he
/ ever got a dollar ahead, the creditor
/ could take it away from him This
/ species OF credits had never been tax
/ ed becaused the mortgage companies
were among the pets Of the Republi-
/ can party, and it remained for the
! Peoples Party to pass a law taxing
] these Judgments If they are worth
! less then let the creditor release them
and let the poor debtor 90 hence a
! free man. IL they are OF value then
the holder should have IA the past
j been compelled to pay taxes on them
l and In the future viii have to pay
/ their lust proportion OF the taxes
The next chapter "a. page 456, re-
lates co taxing mineral reserves It
1 has frequently occurred when rich
i corporations or individuals holding
/ large tracts OF land, when valuable