The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1911-01-16
TO EXEMPT MORTGAGES
Reasons Advanced by C. F. Smith o
Worthwhile

Reasons Advanced by C. F. Smith Of
Worthwhile
G. +. Smith of Morrisville, master
Of the state grange, has just issued
in circular form and distributed wide
ly twenty-three reasons why Yer
mont legis ators should exempt from
taxation, mortgages, bearing a low
rate of interest The arguments pre-
scented by Mr.. Smith airs as follows:
The property mortgaged already
pays its share of taxes.
Thereby we would do away, to that
extent with double taxation.
Indirectly we are helping the one
who has been paying the unjust tax.
1t would give the private individu-
al chance to loan money on Yer
mont mortgages, instead of driving
his money out of the state.
II would enable man with a farm
to sell, TO deal with young man of
limited capital.
The young man with limited capt.
tai would have a better show OF pay
ing for his farm.
II would help the laboring man
who Is trying TO pay for a home.
II would make cheaper money, and
cheap money would help build up
all lines OF business.
We want more people to develop
our farms and our state.
We want to keep In Vermont all
our boys and girls, and not let AZ
per cent OF them leave the state, as
they have in the past.
We want to advertise to the world
that farms and homes can be bought
In Vermont with mortgages at Az
per cent interest
With our eastern markets, our
Champlain Valley flavor in fruits,
our cheap land. and with cheap
money on mortgages We could, In a
few years so develop the apple in
dustry as to curtail the shipment OF
Pacific coast apples to New England.
Such a law would help our banks
as II would increase the business
done in the state.
II would tend to improve public
morals, as It would prevent tax dodg-
ing.
The democratic party we're right
when they put this plank in their
platform.
1t would injure no one and help
many.
It would make our tax laws more
Just than they now are.
A large share OF the people want
1t and expect 1t either OF this or q
future legislature.
Our present legislature, in passing
the Agricultural and Normal schoo
bills, and increasing the appropria
ton of agriculture and forestry
will have, with this bill added. land
the one allowing women to vote OF
temperance and school questions
paved the way for the greatest de
veopment In our state OF any legis
lature within the last generation.
We all want to see greater
lgrandcr and more prosperous state.
Now is the opportune time as PEG
PIE from all over the country arr
turning their attention towards New
England, and we must attract then
to our state.
We do not wish to keep in old rutl
lanl cause the press In adjoining
states to accuse us OF being diseased
with dry rot
with our immense water powe
energy. under the possibilities o
electric transmission, our great un
developed resources, our social beno
ats, good roads, public libraries, tn
agricultural college brought to tn
people: and the apple men from tn
Atlantic to the Pacific waking up Z
the fact that equal care and skill
produce equally favorable results
+ with $50. instead OF $500. per cal
load for transportation to market
and cheap rate OF interest on NOR
3 cages, we can II we will, with Ties
I Inducements publish to the worlt
that we will soon be living in
i New Vermont"