The record-union., 1899-09-24


Government to supply a sufficien;
| force of troops. That he has failed
either in military skill or in energy
there is no testimony save from a
| few disgruntled correspondents whose
| fmpertinent interference with military
operations should be properly put a
stop to.
REPEAL THE MORTGAGE TAN
Vacaville Reporter: Looking over an
extended list of Eastern exchanges re-
ceived during the past eight weeks, we
have been struck with the frequency
with which money is offered on real es-
tate security at low rates Since the
meeting of the National Press Associa-
ton at Portland in July. we have been
In receipt of many hundred papers from
all parts of the country With the sin
gle exception of the South they all tell
the same story. Capitalists big and lit
tie are seeking loans based on real es-
tate. In some instances the rate at
which money is offered at is as low
as four per cent In South Dakota
which is hardly q decade OLD. we have
noticed loans being offered, with i'm
terest at 8 per cent. So it is in other
Western States.
Examining the law, however, of the
different States in. which money is Of
fered at low rates, we find that none
of them possess the monstrosity cher
ished by California and denominated
the mortgage tax. If its effects we're
better understood by the borrowers. it
would be known as the Mortgage Tax
to Cypress the Borrower aud Keep Up
High Rates of Interest. 1t does all that
and weighs on the advancement of Cal
ifornia like a nightmare We hope that
the time is not far distant when the
borrower of money viii understand
What the mortgage tax has cost him in
payment of higher rates of interest, and
what he will be called upon to pay as a
penalty by it's further maintenance.
Among all of the impedinents which
California has built to impede her nat
ural rate of progress, we know of none
which have harmed her more than the
mortgage tax. Let us unite for it's re-
peal.
LET THE EXPOSITION PROCEED.
Stockton Mail: The Pope, while re-
ceiving fifty pilgrims from Toulouse.
France, yesterday, announced his in
tentlon to address a letter to the French
national government urging immediate
pachcation for the sake of humanity.
and so as not to compromise the sue
cess of the Paris Exposition. Tt is the
Paris Exposition that will aIlay the
Dreyfus agitation and defer the ruin
OF France. The French will fight for an
IDEA, but there is no other country than
France in the world in which the com
mercial instinct is stronger, if as strong.
The French will do anything for q
franc. even forego revenge on an enc
my or postpone a revolution. For the
sake of the money to be made out of the
exposition they would not only pardon
Dreyfus, but exonerate and reinstate
him ii necessary; but that does not
seem to be called for as the friends of
Dreyfus appear willing to compromise.
In this state of affairs it does not seem
necessary. for the rest of the world ia
excite itself any more over the Dreyfus
case. If the Dreyfusards and the anti
Dreyfusards are willing to meet each
other half way, in order that neither
side may lose money over the exposi-
tion, the rest Of us may withdraw
thankful that we were not rash enough
to intrude on a family affair more than
we have intruded