The Coolidge examiner., 1941-04-18

funds to promote parity interests.
Notwithstanding all this, he be-
came a political target for DEM
ocratic governor not long after
accepting his first public office.
The prediction is made that Gov
ernor OOsborn's current and con-
templated onset against Demo
Gratis who failed to support him
in the last primary will result in
rupture of party ranks that may
take years to heal.
So much ado has been made of
the governors veto of the bank
bill it is interesting to learn that
it made no difference what the
chief executive did-the bill is
unconstitutional!
The governor, this column was
told, could have learned this
choice bit of information for him.
self and could have advanced it
as an additional reason for his
veto had he asked the services of
the attorney general, which he
studiously refused to do. The at
torney general, along with several
other lawyers and tax experts,
knew that Section l of HB 33 the
bank bill, provided that. the tax on
banks be computed at a rate of
eight per cent on net income.
This is in direct conflict with the
federal law, which plainly states
that "the rate shall not be higher
than the rate assessed upon other
financial corporations nor higher
than the highest of the rates as
sessed by the taxing state upon
mercantile, manufacturing and
business corporations doing busi-
ness within its limits. ="
Since the highest rate assessed
against other corporations in Ari-
zOna is five per cent, it is evident
the eight per cent levy provided
in HB 33 contravenes thte federal
law and therefore is unconstitu-
tional.
Credit for this discovery doubt
less will be claimed by several
persons as the weeks roll on.
Reports persist that efforts are
being made to induce ex-Gov. r.
C. Stanford, the states only chief
executive to retire undefeated, to
take another whirl at the Demo
cratic gubernatorial nomination
next year.
Should those sponsoring the
move fail to get Judge Stanford
into the race it is said many OF
them will back Sen. Marvin E.
Smith of Maricopa.
Senator Smith, champion of tax
free homes and old-age pensions,
is regarded as the best vote-getter
among those groups in the state
with the possible exception of ex-
Governor Stanford.
Many clustered conferences
have been held in recent weeks
! by representatives. of these groups
looking toward the selection of
gubernatorial candidate upon
whom leaders could agree. Sever
al former Osbornites have attend
ed some of the meetings, which
would indicate further disinte-
grafton of the governors forces in
the last campaign.
Observers who regarded the
governors quarrel with majority
blOcs in both houses of the legis-
lature as "just one of those
things" which might be turned to
the executives advantage in the
1912 campaign, view the uproar
over gubernatorial veto of the
mineral resources board bill as
serious situation.
Small mine operators and pros
PCCtOlo ChdA &c thoI ShC
permitted personal animosity to-
ward Charles F. Willis, one of the
boards directors, to inspire his
veto. AS a consequence prospec-
tors and small mine operators no
longer will have available facili-
ties where they can obtain assays
nf nro froo nf pharpQ
THE governor has delivered a
hard blow at the hundreds of pros
pectors combing the mountains of
Arizona for hidden mineral
wealth." a spokesman told this
column. He pointed out that
much of the states development
is due to the diligent digging and
spartan sacrifices of the humble
prOspectOrs. These earnest men
have combed the hills for years
in quest of rich strikes. They
have sweltered in the summer sun
and been chilled to the bone by
the icy blasts of winter in the
higher elevations, baking their
own biscuits from meager rations,
patching their own clothes and
half-soling their own shoes, always
buoyed by hope and optimism.