Belding banner. (Belding, Mich.) 1889-1918, 1905-04-20

Benton, OF N0rthN.i.e, introduced
the petition of the state association G,
supervisors asking for the abolition
OF the present tax commission and
the curtailing of its powers over local
assessing officers should another com
mission be created.
To instruct Senators Alger and Bur
rows TO vote for the removal of Reeo
Smoot from the United States senate
is the purport of a resolution intro
duced in the house by Eichhorn. OF
st. Clair. The resolution also asks
congress 10 enact such remedial legis-
lation IS will wipe out "polygamy and
polygamous living and political control
by the Mormon hierarchy" in Utah and
other states.
The bill TO exempt mortgages and
credits does not stand much chance
OF passing the house. IL is feared the
political consequences would be the
defea; of the party in 1906 in the low
or peninsula. Second, the bill is re.
g&rdod as almost certain of veto by
Gov. Warner.
As il is at present. the farmer
voter in the southern counties will
never be able to see that the legis-
lature did right If ii passes a bill
eXempting s90,000,000 OF invested
money from taxation of any kind. The
taxes thus lost through exemption will
be assessed on other property hold
ers. and that will not make them ami
able. The removal of $2,50000 from
the tax rolls in Oakland county, where
the governor lives, will raise taxes
from so per $1,000 TO 81. And they
who would be forced TO pay this
would vote accordingly. The declara-
ton is made on all sides that the pass
age of the bill would mean slaugh-
tered Republican party. and this with
the governors attitude seems TO seal
the fate of the bill.
Gov. Warner. who is interested in
the Pennington bank. a private con-
Germ. is urging the legislature 10 pass
q bill to bring all such concerns I'M
der the state bank examining law
The governor believes in equal pro-
lection of all depostors of money,
whether the money is in state or d
private bank. He thinks every reli.
able private bank in Michigan will
welcome the bill, which will be draft
ed by Banking Commissioner Moore.
There are 500 private banks in Mich.
gan
The Eichhorn joint resolution to
submit TO the people an amendment
to the constitution fixing the salaries
of members Of the legislature. which
failed to pass Tuesday night was
taken from the table Wednesday at
ternCon and passed with but one dis
senting vote. that of Rep. Garfield, OF
Alpena.
Rep. Watcrs's amendment 20 make
the salary $500 year instead of 5000
was adopted.
Correspondence concerning the pro.
posa TO exempt mortgages and other
credits from taxation is pouring in
and a lively scrap Is likely over the
matter. Under the present law, as IL
is applied, the man who mortgages his
farm pays tax on both the value OF
the farm and the mortgage also aG
we'll as the interest on the money.
Now what the law aimed at first was
the taxation of the money invested in
mortgages. 1t was never proposed to
tax one man twice. but the supreme
court has held that these two taxes
can be paid by one man. At present
the tax on the mortgage can be
lodged by any one who lives out OF
the state. Residents of Michigan who
loan their money directly, must pay
tax on il, or require the borrower to
do so. while outsiders escape this bur.
den. So some Michigan people have
their money loaned as from out-of-
state relatives. Also, much of the mort
gage loans of Michigan are collecting
into great pools outside the state.
They can lend at per cent, and a
Michigan man who tries 10 invest in
mortgages must compete with that
The tax commission and the auditor
generals office oppose the bill. These
departments work would be lessened
by IT. Clerks would be cut off
There is a definite plan forming for
adjourning by May Is or earlier. BY
motion of Rep. Ward, of Shiawassee
all appropriation bills will hereafter
be placed at the head of the general
order None have yet been reported by
Mr.. Wards committee on ways ana
means. but when they are, they will
be disposed of promptly.
Rep. Charles Van Keuren. of Living
stone, now comes TO the front with a
primary bill for Livingstone county
alone. The bill is modelled on the Chi.
cago and Cook county bill.
Tacoma. Wash. Republicans elected
seven members and the Democrats one
member of the city council i'm Tues.
days election, but a majority of the
new members will affiliate with the
present Democratic administration.
The house passed the Ming anti
cigarette bill The passage of the bill
was assured some days ago. and plans
are laying in the senate. The Ming in
determinate sentence bill. and his
anti.hazing BILL also passed