The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1915-03-01
Gay Old Time Enjoyed by Rep
resentatives Who Argue
That the Working Man Is
Entitled to Justice.
ACT PASSES BY VOTE
OF 22 TO 10 AT END
Blood, RenehaH and Mann
Lead Fight on Measure
Which, 1t Is Claimed, 40
Double Taxation.
Estate Cnpisal Herald.
COZ EsenlnEens Hotel.
Isl do VI

tst DC ta..s.
santa Fe. y. ~. MAJ as,,.v.
When the house nisss tlla.n ,~s,o
noon Me-. Tharp, ssein.Ilr.r .m,,
had voted for The bssI s.,o,,,,ns
loan taxRtion bin st fise hnd ~.
session. stated that hr. ,eenrd.
tanned more inforIaafiols.s -, -.
ing the matter and MOI 1.lrl, me
consider the vote b. fntso. ...r-
blli was passed. The -, ~ ..a
rfcd by a vote of 41..1 =, trl,i..
Mr.. Hood then mos - t'1,~,,,
the bili Indefinitely. a,i,I a. ~,
moved to leave Ire h,,,l,,,e .,,d
calendar without I,rt..-l... a.
the Tginrp motion te4A
vote of - TO 80. Tn.
Santa 70. n. a.. Mad s,,,r.,..d
house this morning nfeen = ii naar-
debate and by a vote of z1.rnaocea ~
ed House BIN No. 2fi. INF nrovIainr
Speaker Romero, AN achns1a.. Maid
that the capital stock ac nrot,ss of
In. surplus and undivided. nsorsallonu
all building and loan
shall De liable for taxatioH .,,.
This ON Ia one form u. "a sha
has been before every eeaalnar~ nas..
LEGISLATURE for a numbcr ce n l..,, ~.
II 10 held BY ~ bullain4 ahf Al bo a
sociatlons and by oppomnsa and >
clear form OF dorblc taxaiIokar man
discrimination against the p1fiooa 10
who makes use OF such aaatr|1 bill N
build his home. The pten1n ,ne ex
said to have neen inspired Sc "a H. ana
tent by local politics Ia Las We'd l'cially
to have oecn introducea cape Moan
with regard TO the buildirE and ~
associations IN that Gus. However,
Representative Blood - flna Vegas
made a vigorous oppot1lIhlf ~ the
bill which he said would b,ee wholly
unjust Increase Of the laboring mans
taxes lie pointed out that Il wns
only through such associations that
the iaboFiug men were able 10 build
their homes and said that IN Las
Vegas alone more than goo homes
had been built in that way by lsbor-
ing men with money that otherwise
would have gone TO saloons gambling
houses. cigar stands and other consum-
ers Of cash.
Mr.. Blood said that II this bill
should become law every building and
loan association IN New Mexico would
have 20 go into immediate liquidation.
lie said H. would completely stop t5.-
OOO 600 worth OF business, every dol-
lar OF which IL among laboring men.
Judge Mann, speaking against the
till. declared that Il vas double tax
alton Of the wage-earner who Is an
/ Jwner OF building and loan stock. The
associations. he said, are mutual ben
enit societies and that their capitni -
money put up py the wage carnors to
build their homes.
Mr.. Welch declared; you know
aud / know that Il has been geneFaily
reported that this legislature Il IN
control Of capitalisslc interests and
want To have Il reported that the les
islature IL Ia favor OF the Interests OF
the people The perpetuity of Amer
lean institutions is based upon the
| American home. This oiii Is lnimical
20 the people of the state and 10 thzir
| homes"
Mr.. Renehan made a strong speech
In opposition 10 the bill "A Which ne
declared that any tax on the capital
stock Of these associations would pe
a tax on the contribution of the SHARE
holders.a majority OF whom are prac-
ticaIly pennlless " the tax returns arc
10 be taken as proof Here sg,ih
Mr.. Renehan. "yog are trying to take
frSm the taxpayer who has nothins
that which he appears TO have Fhis
bin singles out the man who Is tf3'
Ing To save money and lays upon him
the heavy hand OF taxation.' he
moved TO table the bill. The motion
; was lost on an aye and nay vote nnn
Speaker Romero. calling iiepresenia'
tive Martinez 20 the chair. took ths
door In defense Of the bill Mr.. ho'
nero made his defense chiefly upon
s showing OF the resources OF th'
\ building and loan associations "a
4 shoNn by a statement from the tray
cling auditors Office. This statemen
showed the following SUBJECT 20 taxa
tion under the provisions of thls OH
The Employees savlng and buildia'
association OF LAS Vsgas. t2.sff.ze.
Cimarron Building and loan asro
cation. Cimarron, ti5.3lb.il.
. Equitable Buildlng and Loan $3.50
citation, Roswell. sif.2sS.s6.
= clovis building and Loan aSsoein
% tion. as2,gS6.3s,
a Gate CITY building and Loan asan
o ciation. Ration, sBt.sfl.s6.
Mutual building ana Loan Hsaoeia