Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1915-03-02
MYSTERY CLOUDS THE
DISAPPEARANCE OF BILLS
FROM SENATE CHAMBER
tContlnutd From rage One. /,

'''N'N hillN' Atlt mouse n0u
KILLED ifty-four OF the house bills and
three of the senate bills besides kill
ing seven house Joint resolutions.
The house this morning passed bill.
which, should 10 become law. would
be serious blow to building and
loan associations. 1t is house bin No.
Al by the speaker, and provides for
the assessment for taxation of the
capital stock, surplus etc, of building
ana loan associations. Blood attacked
the bill vigorously. lie declared that
1t was q blow against widows and the
poor laborng man. and puts a penalty
upon thrift. He said. IF the legis-
lature passes this bin It will put H.
self on record as the first state IN the
union to place a tax on the build
ing and loan capital stock and sur
plus. even the United states govern
ment eXempts them from the income
tax over 1000 homes have been
built and paid for in New Mexico
through building and loan savings.
and which otherwise would not have
been erected. If this bin becomes a
law it will gradually force the build
ing and loan associations to the wall
because the poor people cannot pay
this additional burden
Mann declared that the measure
provides for double taxation on the
poor man who is thrifty. It is the
wage-earner who must bear this extra
burden Ne must not only pay a tax
on the house he builds from funds he
borrows from the building and loan,
but this bin will compel him to pay
second tax on what he pays into the
association. Renehan, too. protested
against the measure He explained
that in building and loan associations
there is no capital stock, but the
members buy shares and pay for it in
small installmonts. This bin would
put am extra tax on wage-earners in
some counties Of 9 Is per cent on his
savings
Renchan moved to table the bill but
the motion was lost Martinez took
the chair To permit Speaker Romero
to speak against the measure lie
anything against the poor man, and
read extracts from the reports of
building ana loan associations as
made by the travelling auditor Dow
and Hewitt attacked the bin because
OF the double taxation il places ON
bilious to own his own home. The
bin passed, . to ~, although it Is
said that if all the members had
been present, the bill would have
been tabled Those voting against it
we're Abeyta Blood, Dow, Fleming,
Hewitt, Holland, Mann, Palmer,
ReinLurg Renehan, Ryan, Sena,
Skeen Skidmore, Smith, Taylor,
Toombs, WEIGH. Those absent or not
voting were: Black Bryant, Davies,
Mirabal Montoya Of Rernalillo, Ortiz,
Rutherford, swan.
The following new bills were intro
duced.
No. 347 by Casaus, to amend sec
ton 119, compiled laws 1897, rel
ative to the sale of horses mules,
asses or neat cattle. Livestock.
NO. 34S, 10y Palmer. To appropriate
the sum of 100000 out Of the water
reservoirs for irrigation Purposes
fund for the proper execution of ny
geographic surveys and providing for
the repayment Of the appropriation
TO said fund. Irrigation.
No $40, by Palmer, 20 authorize
the state engineer to make use of
fees collected by him for the purpose
of making inspections and reports on
irrigation works and systems, max
ing it the duty of county clerks to
forward certified copies irrigation.
no. $50, by Palmer to provide for
the control Of irrigation bitches and
reservoirs during photographic sur
veys.
40. $751; by Casaus, relative to the
sale of sheep. Livestock.
40 1852, by Casaus, to amend Sec
ton ., Chapter "A, Laws of 1905, for
the protection of stock raisers and to
prevent the sale Of dressed meats
that have been stolen
NO $685. by Casaus, to amend Sec
lions >, 8 and 4 of Chapter "a, Laws
1913, to provide for the assessment
of property for purposes OF taNat'oil
and for the levy and eH'i'eu'h IVY
taxes. Taxation
No. 1884, by Jaequez' to provide
funds for the construction OF a "ason
bridge across Canyones creek at l's
junction with the Chamalh' luo AT
riba county. WAYS and means.
No, 3jS. by Rcnehan' approprlat-