El Paso daily herald. (El Paso, Tex.) 1881-1901, 1900-02-26
The Failure To Pass The
Tax Bill Ap-
proved
ECHOES FROM THE EAST
A Feeling That The Measure
Was Both Oppressive And
Discriminative And
Unfair

A New York dispatch to the Dallas
News says: The news that the Texas
Legislature, after q thirty-dsy special
session, has adjourned sine die without
passing the proposed tax adjustment
law was the most cheerful news re-
ceived from Texas in many . day.
Wherever I went, and I usually call
on Texas people, or people in some
way identified with Texas, heard ex-
pressions of approval and in come
cases of great joy. The universal sem
timent was that the occurrences of the
past thirty days would result in new
era for Texas.
Among the Texas merchants here It
was easy to see they felt greatly re-.
lieved at the turn of events.
Representatives of the great mer
camille houses in the state are now
busiIy engaged in buying their next
seasons stock of goods, and until the
news of today they were fearful of the
future, feeling that another tax law, as
this was taken 10 be, would paralyze
business interests in the state and leave
them with a large stock of unsold
goods on their hands.
One of the largest merchants in Tex
rs, who has never before stood for
newspaper interview, and who now
preferred that 1 should not mention
his name, summed up the situation, as
he saw it, in this manner:
''It is certainly very satisfactory to
the best people, and particularly to
those having homes of their own, that
the people OF Texas have turned down
the bill. whose object seems to have
been to discriminate for some and
against other kinds of property, and
the people of Texas must welcome this
change for the better as a substantial
proof of improvement in the public in
telligence regarding the best interests
in the state.
"Texas, Notwithstanding her great
area and salubrious climate, can never
rise to the level she is entitled to oc-
cupy until her legislation is broad
enough to protect any and all interests,
and to let each and every one share
and share alike.
Instead of repelling capital from the
state. or driving from it legitimate and
proper interests which have sought TO
%
do all she consistently can to welcome
these interests, so that they will create
something that will add to her taxa
BILE property and thereby to her re-
venues; for in that way the taxes on
her Individual citizens will be re-
duced.
Some few men who get into the leg
1slature obtain their seats because of
the cry against corporations and
wealth, and after reaching these high
stations they continue their clamor and
their efforts to ipjure corporate pro-
perty, either from motives of personal =
interest, which may be opposed to the
corporations attacked, or else be-
cause they do not comprehend or re-
which are only the machinery by
which the people of medium means eau
join together to raise large sums OF
money for manufacturing or large
mercantile purposes, or for creating
lines OF railway over the land, and
thereby compete with concentrated
capital in individual hands.
but the failure of the recent unjust
proposed legislation indicates pretty
clearly that the majority of the people
OF Texas have reached q higher level,
and that from this time forward thew
may be expected to take matters into
their own hands and compel Justice
anc equal treatment of all interests,
Individual and corporate. which are
within the states borders.
"If they do this Texas is bound to
advance by rapid strides to the place
she Is entitled to hold among the sis.
terhood OF states. and will be assured
Of prosperity such as she has never
known before. With her incalculable
advantages of climate and her i'm
mense acreage of fertile fields, the
time is coming when her citizens can
riRhtfully afford to feel proud of their
ommon wealth as the greatest in the
THE progress of the past few years
n this country has been nowhere more
marked, comparing previous condi-
lions, than it has been in the south. In
The most of these states the vital i'm
oortance OF attracting outside capital
20 them is fully realized and grest ef-
orts are constantly being made in that
lirection.'