Daily capital journal. (Salem, Or.) 1896-1899, 1899-02-11
MORTGAGE TAX LAW,
Discussed Intelligently From The stahd.
point Of Borrower.

Ao0Si Ou pdke HOJlCe IN Tue mrs
column, commendable and able ar
ticle headed, ut Is a Grave Matter
wherein the author calls the Assem-
bly's attention to the serious result
Of "LUg-rolling" In legislative affairs
The purpose of calling attention Z,
said article at this time, Is to poin
out and If possible TO show the bear
ing and relations OF the following sen
tence In the second paragraph to wit
at Is strange mystery why the
member Of the legislature so easily
forgets the taxpayer" aud to the first
article Of the next column Of saiC
issue headed "a Blow at Develop
ment" and its running mate. as II
were) the last but one in column ot
same date aud issue: Both OF which
appear as oracles from the sanctum OF
said Oregonian. 1t would seem that he
who could see and would expose the
evils from ltg-rolling In legislative
assemblies as the articles above re-
ferred, to do would not, in the next
breath or dash of the pen censure up-
braid and condemn, not only bis own
language but vast concourse of those
who help to pay the burdens OF the
expenses OF the state, and
county. Yet IL appears from the
stand taken by the editor in
his reference TO representative
Whitney's bill No. IS, which passed
the House. that he has committed
this error.
1t Is to be presumed the editor has
read the bill la question aud knows
the PROVISIONS of the same and their
effects IL passed and made law Of
the state. That being the case the
heading "A Blow at Development, Ia
very much out OF place, deceiving, un-
called for aud not warranted by the
facts, as study OF the bill will
Just ify, also the assertion, that the
bill has passed the House 10 obedience
to fateful popular error", is far
fetched aud Is only given credence by
those who wish TO escape the just
burdens OF taxation and when the
same was written. the author GER
tainly has fallen into the same net.
he accuses the legislator OF when he
asserts "that II is a strange mystery
why The legislator so easily forgets
the taxpayer.
The editors 'strow suppositions'
which he sets up solely TO knock
down again that he may bemuddle,
befog and blind the casual reader; as
his own mind has been, on this ques-
tion. ever since he first began TO agi-
tate the repeal OF the law Of 1882;
don't go; on the "Whitney Bill" His
money loaner nor the money loaner's
advocator Is not ia evidence nor have
they any just reason for complaint
at the PROVISIONS OF said bill and II the
claim Of the Oregonlan man Is true
viz: That the loaner Is assisted in Sc.
curing more interest and the borrower
pays the tax, now and always have
aud will why should the loaneT
gTunt or complain ? Is that not What
he wantsY Is 10 not natural that he
should desire that condition OF af-
airs? Does every one not know that
IL Is the most natural thing on earth
for money loaner TO desire To escape
all the taxes and secure the greatest
rate OF interest IL Is possible to col
lect ? Then | say II IL Is true as tile
Oreg0nian would have you believe
that the borrower will have to pay the
tax aud that the l)aner will get a
greater rate OF interest for his money
why do not the loaners advocate the
passage OF the bill ? Prehaps some Of
the senators or II not any OF them
perchance they may have some rich IN
relatives whn had To borrow small
sum TO tide them over the depression
Ia their enterprise, or lose all they
possessed, can peer through the vale
and explain satisfactorily the lOaners
duJlbuCalb W buC uCdoulN uHu buN
lOaners wonderful interest 10 the
"productive interests OF the state"
However, as l said, the bill has
nothing 10 IL 10 Justify any such an
attack by any one. Any person. COM
I pany or corporation engaged in loan
ing money is not crippled nor Injured
10 the least by its provisions, and we
the borrowers challenge the loaners t0
show TO the contrary. In fact the
borrowers have bowed the bended
knee and met the lender on his own
ground, and are willing that he the
lender should 90 into the parasitic
state so far as his relation with bear
ing the financial burdens Of the ex'
penses OF state aud county are con-
cerned. The borrower does not envy
him 10 his patriotic position. no dear
member OF that development family
do not envy or cOyet the usurer's
position In this matter for surely he
is 20 be pitled. cOndoled aad carressed
with his Onerous burdens and cares Of
looking after so many and varied ways
OF making his money bring him d
larger interest.