The Butler weekly times and the Bates County record. (Butler, Mo.) 1918-1950, 1922-03-02

that il you tax the mortgage interes
rates will be raised, which is nothing
but recognition Of the fact that W.
know money is lodging its share o
the taxes. If notes were compelled
to be registered for taxation with al
tie wealth and, what if it did raise in
terest little?-it would not be as
mitch as taxes under the full valua-
ton.
Also, Governor, please answer this
if you can: With bank stock or cor.
porations assessable at only par val.
Tie, when lit is worth and pays divi-
dends Oh two, three, four, five, and
more to one, how do you argue that
it is just to assess farms full vaue
| a corporation has as much right to
bunch up capital stock and acquire
land and have its stock assessed al
par, as it has to buy bank and have
have square deal aud all 60 up or
down together
No prosperity is coming to agri-
culture until we quit taxing a far
mcr upon what he does not possess,
and until lower interest rates are
provided. Now we have ruined the
farmer in these times of low prices
Tor his product with high taxes,
high interest rates, let's right them
by undoing them
With that 81 100000 we have i'll
the state treasury, let's take two or
three millions and establish State
Land Bank, primarily to put agri-
culture back on its feet. and let the
state deposit its own money in its
own bank instead of being put into
city banks at 3 per cent, where d
farmer never gets any of it, With
the State of Missouri back of it, these
farm loans could be sold all over the
United States. II the argument is
good Tor Federal Reserve Banks it is
good for a State bank.
The Federal Reserve bank is no
good TO farmer. There is SO much
red tape to it, local banks will not
take the trouble to use them for a |
farmer. | notice in today's paper the
Federal Reicrve Council have pro-
tested to President Harding against
placing farmer on the Federal Re
serve board. Then let's have our own
State Bank, Governor. what do you
say?
The big banks are now holding up
the country banks for loans at per
cent and country banks can not fin
ance the farmer. Farmers cannot
work on short time credits, nor can
we pay 8 per cent interest and sue
ceed.
Now, Dear Governor, | am voic-
ing what is in the minds and hearts
Of the farmers OF Missouri who are
IN a strain to the breaking point, and
trust you will answer my letter in
sincere, plain languarge we can all
understand.
If your statement that less taxes
rave been collected by the state than
IN wealth, decreased and saddled on
iarm lands? Our tax receipts show
that state, county and school taxes
ave all been increased. | challenge
you to find me one farmer in Boone
whose taxes have not been
in state, county and III
school tax.
| served four years in the legisla-
ure and know how the financial IN
erests swarm the capitol to look Of
ter their interests, and know how
lard it will be to lift the burden OF
unequal taxation from the farmers
md the property owners.
Can we look to you for leadership
,r shall we look for another! The
burning issue in Missouri is not the
wecdle dee, tweedle dunn difference
,etween a Democrat and Repnbli-
an. but it is going to be square
cal in taxation. Not being farmer
,erhaps you do not understand agri-
ultural conditions and the farmer
roblems. We farmers know that to
ak farm land full value. with no re- ,
ard Cor its earning power and no al
owance for his debt on the, land Is .
ot a square deal No tax system g !,
ust which taxes any man or woman