The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1907-03-14
Mortgage Exemption Bill
Falls Under AK of Ex-
ecutive Disapproval.
so ALSO IS OTHERS
King Bill, Abolishing Tax Ferret
Law, Meets Summary Death
Extra Session Not Decided.
Especial to Lake County Times.)

lSOecfaI TO Lake O0unIy l1meS.l
Indianapolis. March 14.-The mort |
gage exemption bill raising the exemp-
ton from 500 to $1,000 fell under the
AK of executive disapproval yesterday.
along with fifteen other bills. This
bill, which had for it's object the rails
ing of the exemption from $500 to
$1,000 fell because 1t has led to wide
spread abuse throughout the state
Under the provisions of this bill, says
the governor the amount of exempted
property in the state would be in
creased from S4S,000,0O0 to $83,00OOOO
In vetoing this bill the governor said:
THE statute has led to widespread
abuse throughout the state. Many
fictitious mortgages have been execut-
ed and placed on record for the pur-
pose of securing this exemption-mort-
cages from husband to wife, wife to
husband, father to son, son to father
have been frequent. These facts are
familiar to taxing officials of the state
especially to members of the state
board of tax commissioners. If the
present bill were to become a law it
would but increase the temptation in
this behalf. A limit to mortgage ex-
unless the general assembly intends
to provide for the exemption of the
mortgage Indebtedness of the citizens
of the state, whatever its magnitude.
King Bill Suffers.
Another bill to meet the executive
disapproval was the King bin to a0ol-
fish the tax ferret law of 1905. In the
veto message on this bill the govern
or says: ''Under the provisions of this
act many contracts have been made by
the several boards of commissioners of
the state for the discovery and report
and assessment of sequestered proper
ty which has for years escaped taxa
tien. The aggregate amount of such
property is very large. Evidence of
such questration is not readily found.
1t is necessary to gather it from many
and often times distant sources. Lit
tie of the property thus discovered
would ever have reached the tax dupli-
cate but for these contracts and the
work done under them. The man who
reports his property and pays his taxes
is entitled to have his neighbor do the
same. The act of 1905 has resulted in
the payment of just taxes by many
persons who have been evading the
duty imposed upon them in this regard
by the laws of the state. 1 believe
the act to be in the interests of equal
taxation and of sound public policy. ]
therefore decline to assent TO It's re-
peal
Before the state tax commissioners
start out, next Monday. on their trip
throughout the state, it is expected
that the governor following out the
provisions of the act passed by the
last general assembly. will appoint the
third member of the tax board. The
bill in question relieves him from act
I've participation on the board. and
provides for the appointment of third
member
In the first place the time of the re-
publican member, John c. Wingate ex-
pires in April. 1t is expected that he
will hold during the coming sessions
Of the tax board, and then probably
be. re-appointed. The third commits
sioner is yet to be selected.
McCnrdIe Likely Candidate.
The name most frequently mention
ed in this Connection is that of John
McCardle, formerly of New Richmond
a retired business man who has been
living at Indianapolis for the last two
years. The name of Representative
Babcocks father is mentioned in con-
nection with the place, also as Presely
Smith. Morgan county: former County
Assessor Getz of St. Joseph county;
and Dan Chaplin, of Rockville. the re-
publican chairman of the fifth district.
1t IS expected that this appointment
Will be made this or next week
On next Monday the tax commission
er will begin a two weeks tour of the
state to talk with the county asses
sors. Monday. the 18th, they will hold
forth at Evansville; Tuesday. at Terre
Haute; Wednesday at Bedford; Thurs
day at North Vernon; Friday at Con-
nersville; Monday of the next week at
Anderson; Tuesday at Fort WAYNE;
Wednesday at Logansport; Thursday
at South Bend; and Friday at Lafay-
ette
About the first of next week. it is
expected that the governor will get in
TO the mass of appointments that he
viii have to make. The consideration
OF the bills he has had before him this
week has taken about all of his time.
The rumor about his veto ef the
appropriation bill and the calling OF
an extra session is not authenticated
as yet. 1t is expected that this matter
viii be settled today or tomorrow.