The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1911-03-01

would result were mortgages exempt
from taxation. At present the banks,
loan corporations and the man who
does not return his mortgage are the
only ones who can afford to invest in
mortgages. Why should not the ordi-
nary individual who is never a large
money lender and usually a moderate
one but who resides in nearly every
community in Kansas, enjoy the same
privilege? Why should not home mon
ey be interested and encouraged to in
vest in home mortgages?
why should not money left by will
and handled by trustees for the bene-
fit of minor heirs be encouraged to
invest in a safe security of this kind
exempt from taxation rather than en-
forcing the burden of taxation from
which there is no escape (for them)
and then the additional burden of in
ing laws to prevent Kansas people
from being victimized by wild invest
ment schemes in mining stock and
fake corporations why not encourage
Kansas capital to invest in Kansas
real estate mortgages and build up
Kansas institutions; this would un-
questionably lower the rate of interest
in Kansas.
would be loyal to Kansas and would
naturally prefer to remain in Kansas
rather than seek investment in a foreign
field while foreign capital as has been
shown within the last year, forsakes us
lmmedlateiy when we need it most. As
1 said the governors suggestions were
registration fee policy which is the only
system that secures the listing of ali
m mortgages but it falls short in two very
essential features. It fails to relieve the
strongest objection to the present system
double taxation and adds the burden on
the borrower which was one of the rea-
bill two years ago. And it does not give
home capital quare deal"
By a vote of 21 to 13, the senate this
morning defeated a motion by Senator
Stannard to strike the Garden CITY,
Concordia normal bill from the calen-
dar Monday the senate removed
everything from the bill except the en-
acting clause. The vote today will
give the friends Of the new schools an
opportunity to build new measure
Senator Stavely today moved to ad-
vance all senate bills on the calendar
under general order to third reading,
subject to amendment and debate. His
motion was adopted and the senate
s1destepped large amount of work in
the committee of the whole.
The appropriation bills have been
made a special order for 1890 Thurs
day morning. The bills include ap-
preparations to the state agricultural
COueBe LOT maintenance. TO- the 0rec-
tion and equipment of buildings. re-
pairs and funds for the Fort Hays
branch experiment station, and funds
for farmers Institutes forestry, sta
tions. and for the Garden City branch
experiment station. The Kansas uni
versity appropriations. aggrcgating
about $1.300,000, will be considered.
The third appropriation to be consid-
cred under the order is the state peni-
tentiary budget.
Senator Quincy this morning made
an effort to have the bulk sales bill
advanced to third reading, but there
was nothing doing. He then asked to
place it on special order for Friday
afternoon, but Robertson objected.
Then Quincy served notice that he
would renew the battle on the NOR
row.
Senator Myers bill regulating hunt
ing on enclosed premises was passed
this morning. There were strenuous
objections to the provision that hunt
ers must carry written consents from
property owners to hunt on the land.
This opposition was unable to secure
"a controlling majority and their
amendme ents were voted down