The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-03-30
EXEMPTS MORTGAGES
Senate Committee Favors Bill to Abol-
ish Double Taxation.

ish Double Taxation.
Taxes and Tax Laws-The senate
committee today favorably reported to
the senate the MCGOWAN bill to exempt
from taxation such portions of real
estate as are covered by mortgages.
Arguments in favor of the bill were
made before the committee yesterday
afternoon by delegation Of Mime
apolis gentlemen representing the Min
neapolis Real Estate exchange. These
gentlemen, including Fred B. Snyder,
F. G. Smith, Fred Nye and others, ar
gued that if the bill became law, the
rate of interest will be reduced and
more money will be invested in the
state.
3. The bill provides that persons living
in or without the state who have an
mortgage, shall be deemed part own
ers of real estate to the extent of the
mortgage. The owner of the real es-
tate, the bill provides, shall pay taxes
on the difference between the value Of
the real estate and the face Of the mort
gage, and the mortgage shall pay
taxes on the amount Of the mortgage.
approximations committee ap-
proved the Fraser bill putting tele-
graph and telephone companies under
the railroad and warehouse commits
nections With other srS co SD aas con-
hearing was held last evening at which
j. O. P. Wheelwright and Mr.. Pender-
CAST appeared for the telephone com
panies. The bill will now go to the
Judiciary committee for determination
as to its constitutionality.
Agriculture committee ap-
proved the Hickey bill changing the
membership of the state agricultural
society, with an amendment providing
that the county commissioners Of each
county not having a county fair asso-
citation may select one member of the
state association. The original bill
members from each Of, these counties
by the governor. There are thirty-two
counties which would be given repre-
sentation in the society by this bill.
Mines and Mining-House commit
tee reported without recommendation
the Ramsland bill prohibiting the
making or renewing Of mineral leases
to state land until the subject can be
investigated.
Taxes House committee recommend
ed for passage the Lauritsen bill re-
curing county treasurers to give tax
payers an itemized statement in their
receipt, showing the amount Of town,
village, school, city, county and state
taxes.
Judiciary-House committee recon-
mended for passage the Perley bill re-
moving the $4,000 limitation on dam
ages to be recovered for death by acct
dent, and leaving the amount to be re-
covered question for the jury to de-
eide.
Normal Schools-House committee
recommended the Fosseen bill appro-
priating $4,000 a year to maintain
summer training schools at the state
normals and recognizing for normal
school diplomas the credits obtained at
these summer sessions.
University-House committee rec
commended for passage the Landeen bill
fer legislative reference bureau at
the university, to furnish indexed in
formation for the legislature and state
officers; also the Hickey bill providing
means for condemning land to be added
to tho university campus.
Illuminating Oils-House committee
continued its Investigation of the ques-
ton, in connection with the bills re-
curing a gravity test. J. A. McDer-,
mott, state oil inspector, favored the
gravity test. with a provision whereby
low-test oil from Kansas could be sold
under 4 special label. He said the
gravity-test oil would have to be sold
for 2 Or 3 cents higher, but that con-
sumers would be getting that much bet
ter oil. He also favored inspection IF
gasclene. The committee, has requested
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