davidaulloa/AmericanStories huggingface dataset:
The Marion daily mirror. (Marion, Ohio) 1892-1912, 1907-08-03
EXPERT DISCUSSES
MORTGAGE TAXATION

"a tax on mortgages, being a special
tax upon one form of investment, Is an
Indirect tax, and the result of a release
OF mortgages from taxation win be n
lowering in the rate of interest on
loanable capital. The man who buys
property on credit Qet us assume for
purpose of illustration the case OF
farm purchased with borrowed money!
has no reason to complain IL the
capital which he borrows is not taxed
TO the holder of the instruments that
represent the loan 1t is true his prop
erty will be assessed to its full value
regardless of the debt resting upon It,
but the first effect of such an adjust
ment will be to reduce the price he
must pay for his land; that is to say,
the tax results in depressing the value
Of land by an amount equal to its
capitalization. The second effect Is
that he will be obliged TO pay less for
the money borrowed with which TO
purchase the land. 1t is doubtless true
that up to a certain point these two
tendencies will counteract each other,
for the lower the rate of interest the
higher will be the valuation of land.
But the balance will most certainly be
to the advantage OF the man who de-
slres to buy land with borrowed
capital; for the rate which fixes the
price of land is the commercial or in
dustrial rate, while the rate that must
be paid for the money borrowed is the
current rate on loanable capital. Not
only is that latter lower in itself than
the market rate on industrial capital,
but 1t will be yet further depressed by
the exemption os such capital from
taxation. 1t is lack of confidence in
commercial laws by which values are
determined and to whicE ,ntracts are
adjusted that incites to a CONSTANT ef-
fort on the part of legislators to lay
hold of loanable capital for the pur-
pose of taxation. Experience shows
this to be impossible and analysis
shows II to be unnecessary. There is
no reason In the nature OF the case,
due allowance being made for the
peculiar industrial qualities of govern
ment bonds, why the farmer should
pay more for money than the govern
ment The farmers true interest lies
in removing every element of un-
certainty that surrounds loan, and
one of these is the threat OF the law
that mortgages should be taxed
Henry c. Adams, Professor OF Political
Economy in the University of Michi-
gan and Statistician for Interstate
| Commerce Commission.
The Marion daily mirror. (Marion, Ohio) 1892-1912, 1907-08-03

English joci,es, and his declaration has
caused o stir in racing circles through
out England and Ireland.
Agitation already is I'm progress here
to get the Jockey club to abolish the
starting gate to improve the situation,
but there is doubt in some quarters as
to whether such a move would have the
desired effect That idea was suggested
mainly because the Jockeys are unable
to control their mounts behind the bar
rier. This Is largely ascribed to the
American style Of riding called a mon
key seat
"ln his statement Marsh further says
that numbers orsyoung horses arc con
stanuy being spoiled by Jockeys riding
in this fashion and by exercise boys
apins them
Marsh contends that the old fa-h-
toned way Of riding, with the long stir
rnp, such as great horsemen like Fred
Archer and George Fordhan used, is the
right ono and sam Darling another
English trainer Of great experience,
agrees with him in condemnlng the
American seat"
Is this the manner IN which English
tra!rers are trying TO square them
serves" for bad showings made by
horsed under their care? II so, they are
putting up llmsy protection for them
selveu Even an English owner ought
to be able to "see through" IT,
If trainers spent moro time with their
horscT and less time with boolmakers
and y'ner gamblers. their horses would
run closer to form. and there would be
lesg need for silly eXcusAs
The Marion daily mirror. (Marion, Ohio) 1892-1912, 1907-08-03

- HE amount of the turf winnings
of Peter Pan, the son OF Com
mando and Cinderella. owned
by James r. Keene, is so
sensational as to give him rank as one
Of the greatest profit makers OF an
time on the track OF course this state
nlent is made with due regard to the
fact that Peter Pan is only three
year-old. Many horse has won more
money in actual stakes than Peter Pan.
bar they were more than three years
old and so had had more time in which
to expand their bank accounts.
When Peter Pan recently gallopcd
home winner by neck from McCar-
ter In tho classic Brighton handicap
at Brighton Beach New York. he added
$4,000 TO the list OF his winnings
HIS winnings for this year up to that
time had been SSj,2iO and represented
his victories in such events as the
Brooklyn Derby June Ia Tidal stakes.
June 90; Belmont stakes. May so:
Standard stakes, June II. and Advance
stakes July T. He got second money
in the Withers stakes and Carleton
stakes
The Marion daily mirror. (Marion, Ohio) 1892-1912, 1907-08-03
PERSONAL PROPERTY
Complaint Because II Does Not Pay
Its Share Of Taxes.

Complaint Because u Docs MOT ray
Its Share Of Taxes.
There has been much complaint OF
late because personal property, es-
pecially intangible property, does not
pay its fair share of public taxes. 1t
is said the homes of working men pay
more in proportion to value than any
other kind of property. The criticism
Is not confined to any section OF the
country. The conditions that existed
soon after the century commenced
were in some respects unprecedented.
1t is doubtful if there was ever a
time in the history of this nation
when the rate of interest on the best
securities was so low as at that time.
This commonwealth could borrow
money at the rate of about two per
cent and the price of unquestioned Sc
curities was so high that they yielded
the investor but little more than three
per cent on his investment. In such
cases the payment of a tax of $40 on
| 81 1000, which is but little above the
average rate of late in this city. would
| reduce the net income on such invest
ments to very small figure. II Is
not strange that those conservative
capitalists who never take risks by In
vcsting in securities that are not gilt
| edged forgot to inform the assessors
OF the' amount of their holdings and
, the practice of conceallng intangible
property became very popular and Ia
likely to continue so. The rates OF in
terest have advanced within the last
three years and the last Legislature
! deemed. 1t wise to exempt from tax
alton the bonds of the state issued
after Jan. /, 1906, thus following the
precedent established by the United
States soon after the commencement
OF the civil war of exempting govern
ment bonds from state, county and
municipal taxation.
Some complaint has been made by
real estate owners because the rate OF
taxation of savings bank deposits ls
80 low, but II is doubtful IL the public
realizes as much in proportion from
the taxation of intangible property
held by private investors as from the
tax on savings bank deposits,
The laws of the commonwealth, ms
interpreted by the supreme court in
recent decisions, make 1t easy for a
| citizen TO claim a residence where he
spends very little of his time, and
capitalists naturally seek those mu-
inequalities where the lowest tax rates
prevail and where assessors are most
obliging,
i Assessors are aware that II they
resort to extreme measures there Will
be changes in the legal residence OF
some tax payers and a consequent
shrinkage in the valuation list There
is undoubtedly much undeserved criti-
cism bestowed on this class of public
officers by people who do not appreci'
ate the difficulties in the way OF strict
ly equitable taxation --Fitchbure
(Mass.) Sentinel
The Marion daily mirror. (Marion, Ohio) 1892-1912, 1907-08-03

to each stage they control. In one way
art should benefit, because the great
resources Of the syndicate win make 1t
possible for It's play producers to go to
almost any extreme in efforts to make
a production artistic.
According to some writer's on such
subjects today, the bigger the enter
prise that controls stage affairs the
less artistic and the more Commercial"
are the plays IT produces. Such rea-
sonng is not reasoning at all, for the
converse of the proposition is that the
smaller the company, concern, enter
prise or corporation that controls stage
affairs the more artistic will be the
plays. Therefore the dlnky little man
ager who has two or three companies
doing "Uncle Toms Cabin" I'm one
night stands in the Bush and Swamp
The Marion daily mirror. (Marion, Ohio) 1892-1912, 1907-08-03
~s~Y7 -
K's6'aaf A'z7zAs
COSTLY MUSICIANS bEsuTs.


II ls only the concert agents who
know what an immense aggregate sum
Is spent during the progress of every
recurring musical season by aspiring
singers and instrumentalists seeking
the highest musical honors.
Those who imagine that once a
singer or instrumentalist possesses a
certain amount of technical skill and
ability the road to lucrative engage
ments is easy would do well to pom
der the fact that thousands upon thou
sands of dollars are spent in these trial
performances every year by musicians
Of high degree Of excellence, who are
never heard OF again except in local or
private circles.
There is often a deep degree OF
pathos and apparent self sacrifice about
these trial trips, for every penny OF
the family resources of the aspirant
Is stalled on the issue. A girl whose
parents are comparatively poor, say
Is not only gifted With a fine voice, but
has also taken high honors at some
school. She may knock at the doors OF
the agents for months and years before
getting a chance at a really high class
concert, and In these circumstances the
expert usually recommends a morning
recital where the critics, the other
agents and managers may hear her.
The members of her family rake to-
gether every available penny But
even here dire failure comes in nine
teen odses out OF twenty, for there are
hundred subtle qualities which go &c
nmke mp the great concert artistic, ano
tlus most of these glvers Of concerts
only become mare hacks and stop gaps
though good OF their kind. 4...----.-.
The Marion daily mirror. (Marion, Ohio) 1892-1912, 1907-08-03
New Jones Play.

Henry Arthur Jones new piece, "The
Galileaus Victory" which he describes
as a tragic comedy Of religious life in
England, viii receive its premier at the
Lyceum theater in Rochester, N. Y,
sept 30, and after brief engagements
outside of New York will be presented
I'm New York at one of the most i'm
portant Broadway houses. This piece
viii be staged in four acts and will be
a most notable production. The en-
gagoments for this play include Edith
raliaferro, Willette Kershaw, Gertrude
Augarde w. j. Constantine, W. II.
Crompton, Maggie MaIloway Fisher,
Conway Tearle Ivan Simpson, Fred
Thorne and Charles w. Butler.
The Marion daily mirror. (Marion, Ohio) 1892-1912, 1907-08-03

Peter Pan doesn't have to get off m
From, Oh stay there i'm ordcJ to run a
good r1Co or 20 fast race He can come
from behind" with all the dash of u
mountain l.m The crowding and jam
ming at turns. tho punching OF horses
I'm front of him, the throwing back Of
stones and clods of earth by the lead
crs hoofs do not dampeu his ardor. He
bores ahead through Il all, in time, as
a rule TO get first money lie is not
dishearteucd when through accident or
careless riding he is carried too wide
at a turn, throwing him to the outside
and losing ground for him. That's
what happened i'm the Brighton handi-
cap, but he won handily nevertheless.
For Peter Pan is a tighter a gritty
hanger on and a stubborn breaker
through that is seen only a few times
i'm decade. lie has the combined
Qualities OF the pit bull terrier and the
coursing deerhound.
Best Of all. Peter Pan is owned by
am honest horseman one of the few
owners whose horses always run to
win. There is no connecting link be-
tween James Il. Eecne and any book
maker or any coterie OF gamblers that
work best under the cover OF night, or
any money flching enterprise of any
sort. IL Is remarkable and disgraceful
how few racing stables merit this de
scription. The best tribute that can be
paid to Mr. Keene is one | heard given
him few days ago, when a notorious
race fXer and poolroom "capper' said
to man with whom I was talking:
mo one can get TO the Keene OUTFIT.
They run a sporting stable"
In turf plrlance a sporting stable"
is one that is operated for pure sport,
for pleasure only and not for the pur
poses OF professional racing
Coming Swimming Features.
Long and short distance swimmers
huNN lnnn hnNinn on nrtlNn sum NOR
The Marion daily mirror. (Marion, Ohio) 1892-1912, 1907-08-03
Has Won stt4.5oo.

Last year Peter Pan won 500 $40.
When he won the Brighton handicap.
his total winnings for two years aEgrc-
gated $lt4.5OO. James r.. I<eene win
not have to work for his living from
now on. Peter Pan Is enough of a
hreadwinnor to keep even million-
sire IN funds sufficient to meet the ne
v.issities Of life. Mr. kcene's misfor-
tune In having the peerless Sysonby die
ON his hands appears to have been am
ply compensated by the exploits of the
flashy looking racing machine named
Peter Pan. u Is not fulsome applause
TO describe Peter Pan as one Of the
greatest race horses I'm the history Of
the American turf. lie is an Of that,
and every indication points TO his writ
ing a still brighter page for himself in
eqIine annals. In addition to his great
burst Of speed he has "a stout heart. "a
heart and spirit that would in the past
The Marion daily mirror. (Marion, Ohio) 1892-1912, 1907-08-03
The Boston Race.

The Boston race was announced to be
about twenty miles long, covering u
course reaching from the Charlestown
bridge over the Charles river to Boston
light, situated down the bay"
The Brooklyn Yacht club holds n wa
ter carnival Aug. 10 at Bensonhurst,
n. Y. on Aug. II race about nine
miles i'm length will be held in New
York harbor-start at the Battery,
New York city, finish at Luna Park,
Coney Island, n. Y.
The Marion daily mirror. (Marion, Ohio) 1892-1912, 1907-08-03

and the season is only at it's height.
There are no signs of its wane
Long distance water sharps look for
ward with great interest to two Mara
thon events arranged by the Missouri
A. c. Of st. Louis and by Boston pro-
moters.
The st. Louis contest occurs late in
August and will be held over a straight
away ten mile course in the Mississippi
river. In addition to the Missouri and
Chicago entrants. men from New York
and possibly New Orleans viii take
part.
The Marion daily mirror. (Marion, Ohio) 1892-1912, 1907-08-03
hin Athletic War Rrewina.

Wecent developments In the athletic
wOfld indicate that some Of the lead
ing spirits In Young Mems Christian as
r1ciation affairs are suffering from
T,rain storms. At any rate certain
goung Mems Christian association ath-
iStic controllers have seemingly em-
The Marion daily mirror. (Marion, Ohio) 1892-1912, 1907-08-03
National Tennis Championships.

Play for the national championships
In lawn tennis occurs at Newport, r. L.,
beginning Aug. 20. The winners of the
three sectional championships, in dou-
bles, eastern, western and southern,
meet at the Crescent Athletic club. Bay
Ridge n. Y, on Aug. 1G and II. The
winners there viii play Holcombe
Ward and Beals c. Wright at Newport
for the national title on or about Aug,
20, The winner of the all cOmers' tour
ney at Newport will meet William ].
The Marion daily mirror. (Marion, Ohio) 1892-1912, 1907-08-03

circuit is the ab!est protector of the
sacred flame Of histrionic art!
This article Is not meant to be a
defense Of syndicate methods when
they are directed toward expressing
people more or less dependent on the
sy'dicate's pleasure, 1t has been
widely stated that such methods in
evitahly follow combinations in almost
any line Of business Whether or not
they have over existed in the the
atrical world in the past or whether
they are to come prominently into play
in future It is not within the scope 1f
this article TO predict
English Managers Concerned.
The English branch of the proposed
international syndicate will be of tre-
mendous Importance. Among the
The Marion daily mirror. (Marion, Ohio) 1892-1912, 1907-08-03
Humorous, but Sad.

The following story Is told Of Maher:
One day two Irishmen were talking
in a Chicago street car one said
"Me by. there never wuz a foighter
like Pater Maa-her. lie wuz a stout
armed lad, shifty guy nut possibly "A
little too fond of the drink"
could he hit at all hard?" queried
the other.
hit, hit? Wuz II hit ye said? why.
when Pater Maa-her hit amy one IL
wuz all over wild I'm. But darn it all,
he never hit amy one!"
The Marion daily mirror. (Marion, Ohio) 1892-1912, 1907-08-03

The only Just way to treat Intangible
property IS either to exempt IT, or to
levy a small tax upon 1t, say, one'tenth
OF one per cent in view Of the fact
that when in the state 1t receives a
certain police protection and in some
cases, although not in all. the courts
OF Ohio are open for the enforcenans
Of rights unqsr IL
The Marion daily mirror. (Marion, Ohio) 1892-1912, 1907-08-03
CHAMPION.

Clothier Of Philadelphia in the challenge
round for the national championship In
singles.
Winners in the various interscholastic
tournaments in singles play at Newport
for the national erscholastic cham
pionship, play not to begin before Aug.
%.
The Marion daily mirror. (Marion, Ohio) 1892-1912, 1907-08-03
"Tho Merry Widow.o

The first American performance Of
"The Merry Widow" may not take
place in New York after an Three
different out Of town managers have
made overtures to Henry w Savage to
present the fascinating Niennese opera
The Marion daily mirror. (Marion, Ohio) 1892-1912, 1907-08-03
Latest Wall From English Turf.

A dispatch from London reads as fol-
lows:
"King Edwards turf adviser and
trainer, Richard Marsh. has come out
with the statement that the adoption Of
the American riding seat has ruined
The Marion daily mirror. (Marion, Ohio) 1892-1912, 1907-08-03
Details of Proposed international theatrical Combine

T am practical man, same as
Roosevelt, and / have found that the
public as well as the managers have
only one criterion of success, and that
is the dollar sign,
Art is all right--if it pays"
The Marion daily mirror. (Marion, Ohio) 1892-1912, 1907-08-03

English managers naGsS ~ co-opera-
tors in the tremendoas scheme are
George Alexander, Sir Charles Wynd-
ham, Beerbohm Tree. Cyril Maude,
Frank CuZon, George Edwardes,
Arthur Collins, Seymour Hicks and the
Gatti brothers. There men control all
the leading London theaters and pro-
ductiOns
The Marion daily mirror. (Marion, Ohio) 1892-1912, 1907-08-03
A Voice From the Pugilistio Grave.

Peter Maher. once living prize fight
er, has opened a liquid Joy parlor in
New York at 1915 Amsterdam avenue.
Peter says he has now resolved never
to fight again. by so resolving Peter
has done the public vast favor. Moth
ing could be more pleasing to followers
of fstiana than the news of Peters
Nyithdfa wal
The Marion daily mirror. (Marion, Ohio) 1892-1912, 1907-08-03

In their theaters prior to It's Broadway
production. Either Boston, Philadel-
phia or Washington is likely to hear
the famous Merry Widow" waltz be-
Sore the ear tickling melody reaches
New York.
The Marion daily mirror. (Marion, Ohio) 1892-1912, 1907-08-03
Art as Hitehooelt vlews L.

81 am as devoted TO art as any come
dian on earth saws Raymond Hitch
cock. star of "A Yankee Tourist com
pany, but the longer am on the stage
the moro deeply ! am convinced that
II is not so much how you play the
part that counts as it is how long you
can keep the people buying the two
dollar seats In the orchestra circle.
The Marion daily mirror. (Marion, Ohio) 1892-1912, 1907-08-03
"The colIeae Widow.p

rehearsal this week for its fourth sea-
son on the road
The Marion daily mirror. (Marion, Ohio) 1892-1912, 1907-08-03
Can't plshearten Potor Pan.

have made champion out of many
gutter.
The Marion daily mirror. (Marion, Ohio) 1892-1912, 1907-08-03
Confirmed bY ErIanner.

The first reports OF the project were
not believed TO be true, so portentous
were they. but later they were in large
part confirmed by no less an authority
than Abraham l.. Erlanger himself
who vouchsafed information to the
effect that such a syndicate was need
cd 20 give American and European
amusement enterprises concert Of
thought and action. Furthermore he
named the amount OF capital of the en-
terprise at OO,OOO,0 900 and stated that
Levy Mayer, a Chicago corporation
lawyer, had already sailed for Europe
10 perfect the plans and make final ar
rangements for the combination
In addition to controlling playhouses
In the Countries named, the syndicate
wiD govern the players who viii be
ASSOCIATED with the theaters and also
tho plays produced. Presumably the
players and playwrights viii have TO
behave, be good and obey orders or
else they will be right Justify spanked
The Marion daily mirror. (Marion, Ohio) 1892-1912, 1907-08-03
Art Versus commeree.

uhe exception that the project win
make the dramatic art hopelessly COM
fnefcial is not necessarily well taken.
Mot even a worlds controlling theater
trust can make the public patronze a
poor play, a play produced solely with
commercial ends in view on the con-
tfafy, the rewards following he pro-
dudticn OF really successful artistic
play are 30 great that he is a poor
Business man who fails 10 objective
khdln. therefore the members of tine
Enteznational trust, being able bn7lh T
men, win probably seek 20 load lain
Pack and crowd as much real ar az
bqaafhla into kach produeuon and on
The Marion daily mirror. (Marion, Ohio) 1892-1912, 1907-08-03

stu greater lhedJllcal combination
was in process of formation, a combi-
nation that dwarfs the theatrical trust
ins America today-The Klaw e Err
LANCER Frohman, Hayman ct al SYM
dicate.
The announced combination includes
not only the Klaw g. Erlanger, Froh-
man ct al. theaters in America and
England, but also other theaters in
England and some Of the best known
houses in France, Germany and Aus
tria as well In short, It Is world
theater trust" with an estimated capi-
tai OF 500 900 600 that is contemplated.
Men OF pronounced executive ability
Rre behind the project. and II seems
probable that'through the machinery Of
The new combine they will be able to
dominate the dramatic worlds Of fve or
six nations.
The Marion daily mirror. (Marion, Ohio) 1892-1912, 1907-08-03

Coming Swimming Features.
Long and short distance swimmers
have been having an active summer,
The Marion daily mirror. (Marion, Ohio) 1892-1912, 1907-08-03

Our New York Dramatic Corrc-
spondentl
in all its varied
ramifications was literally
stunned by the recent. an
nouncement to the effect that
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-08-19
Third Day.


Day in country.
500 a. m. - Automobile ride
i, through the farms, complimentary u"
the members Of the association.
Lunch at Country club.
800 p. m.-E1ection Of officers.
Adjournment.
The proceedings Of the bar associa-
lion will be- held in the court house.
with the execution of the banquet.
which will be held at the Central ho-
col
Press Association.
The editors viii meet at the city
council chamber at 10 a. m. Wednes-
day, and their program follows:
Morning Session.
1900 o'clOck-Organization
1900 o'clock-Open hour To- meet
Governor Curry ana members of the
Bar association.
Afternoon Session.
1900 o'clock.-Papcr, Running a
Successful Newspaper in a Town of
Less Than 1.0O0t' James y. Hall, Of
the Elida News.
1880 o'clock.-Address, The Pulpit
and the Press" Rev. c. c. Hill, Ros-
wei.
200 o'clock-"Fair Prices on Job
Work" b.. +. Harlow. Roswell Print
ing company.
2:3O O'Clock THE Country Daily
G.. A. Pickett. Roswell Daily Record.
$500 o'clock-"Foreign AdNertis-
ing" w. 4. Reed. Carlsbad Argus.
Adjournment of session for auto
ride through the farms. as the guests
OF the Roswell Commercial club.
At Night.
Attend the banquet Of The New
Mexico Bar association as it's guests