Crawfordsville Weekly Journal, Crawfordsville, Montgomery County, 13 June 1902 — Page 7

DR. H. E. GREE^R

THE ABSTRACTER.

Makes the Standard Abstract at the rcgule: rates. Get the best. Prepared from Lis com plete books.

Office-

GOODYEAR

GUARANTEED TIRES.

For vehicles of all kinds are the only tires sold that will not channel cut, shortening ihe life of the tire. We put them on and guarantee them. Carriage blacksmithlng, repairing and painting. Fine horse shoeing by Jno. Hatter.

•J. I. MILLER,

222 East Main St. Opp. Robbins Hotel.

Nasal

CATARRH

In all its stages there ehoaid be cleanliness.

Ely's Cream Balm cleanses,soothes and heals the diseased membrane. It cures catarrh and drives away a cold in the head quickly.

A

Limited

Disease* of the

Eye, Ear, gBjk Nose and Thtoatw

Omci HO DBS— 9 to la a. m. 2 10 4 p. to.

Joel Block, Crawfordsvllle, Indiana.

A. C. IENNISON

Over 121V4 East Main Street. Crawfordsville, led

Money to Loan

We have accepted the agency of a Loan Com pan.v, and have plenty of money to loan oc three, live or ten years' time, at 4 and 6 per tent, interest, with privilege of pnyleg S100 or any multiple at any intcrest.payment. Parties wanting to borrow moneyi should see us before maklng:final arrangements. We alsorepresent some of thelbestLife, Accident, and Fire Insurance companies, rj Farmi loans and Abstracts of Title a speoialty.

MORGAN & LEE.

Office in Ornbaun Blk. west of Court House. Crawfordsvllle, lnr

Abstracts of itle,

Mortgage Loans. Heal Estate.

ABSTRACTS OF TITLE carefully compileC from up-to-date abstract books. MONEY TO LOAN at lowest rates with privilege of repaying part of principal at any Interest period.

FARMS FOR SALE, desirable land, wel. ooated and Improved, at reasonable price pei sere.

HOUSES AND LOTS in the city for sale very low prices. If you want to purchase or sell real estate, oi to make or renew a loan at a low rate of inter est, please call and consult me at my office.

Thos. T. Mtfnhall,

Abstracter, Real Estate and Loan Agt., 138H E Main St.. over Lacev's Book Store.

Indiana iVIoney At 5 Pet Cent

Saves Time and Expense.

With this loan when you sell your property or desire any change you can get instructions in a few hours and not be delayed a week, wailing for advices from some eastern state.

FARMS and CITY PROPERTY of all sizes and locations for sale. A large list to select from.

C. E. FtiHenwider,

101H East Main St.

SflMBAl*

Cream Balm is placed Into the nostrils, spreads over the membrane and is absorbed. Relief ig immediate and a cure follows. It is not drying—does not produce sneezing. Large Size, 60 centB at Druggists or by mail Trial Size, 10 cents by mail.

ELY BROTHERS, 56 Warren Street, New York.

Harry

Nixon,

2:19 1-4

NOT SOLD, NOR TO "bBE SOLD

Remains In the stud at Judge JBritton's barn during full season of 1902. NIXON has more beauty, style, quality, all around high natural actionland [speed combined than any horse on earth.

Was awarded first prize in the| show ring at New York state fair in 1900. His colts are worth ais weanlings and yearlings from 1100 to 1500.

Terms:

To insure a colt to sti\nd and suck, 120. No note or other written contract^required. Liberal discount on above fee to clubs of 10 or more mares. Lien retained on the colt until fee is ully paiu.

Wedding Bells.

Are ringing and wedding gifts must be select cd. At Oswald's you will find the widest variety ol silver and tableware, diamonds, watches and jewelry of all kinds and descriptions. Our goods are absolutely of the finest quality, and our prices are as low as can be for goods of the highest grade.

Oswald's

Corner Jewelry Store.

BE(llFIGEf!T LAW

Indiana Mortgage Deduction Has Afforded Just Relici

Law

to

Thousands.

FAIR PLAY FOR HOME HOLDERS

Secured Through the Measure Which

Has Just Been Sustained tiy the Su­

preme Court—Attorney General Tay­

lor Talks of the Purpose and Effect

of the Law.

A law which has lifted a heavy burI den irom the shoulders ol the small home-holder, and which has not at the

same lime added to the general weight of taxation, is the mortgage deduction law passed by the Republican legislature Of lb99,. ably and diligently upheld by Attorney General W. L. Taylor, and through his effor vindicated in the supreme court of the state'the other day. So firmly convinced was Air. Taylor of the justice ol this measure, and so determineu to maintain it, that he paid out of his own pocket, the cost ot carrying a test case to the supreme court, where the constitutionality of the law has been affirmed. The law provides that mortgage indebtedness to the amount ol $700 shall ho deducted from the assessed value of any piece of property, where the property is worth at least double the amount of the mortgage indebtedness. This is the first law of the kind ever passed in t'he history of the state. Its purpose was and its effect has been to relieve mortgagors of an unjust burden of taxation. Justification for the Law.

At the annual conference of township assessors held at Indianapolis in 1900 Attorney General Taylor said: "A vigorous protest is being entered everywhere against the owner of a lot in town or a farm in the country, deducting $700 of the mortgage from that lot or that farm, and yet for 45 years, without one word of protest, the holder of the mortgage upon that lot or that farm has been using that mortgage as a shield to protect himself against his indebtedness. If the mortgage upon the farm can he used as a shield, why cannot the farm itself be used as a shield? This is simple^ homely everyday common honesty.

A man may own a million

dollars of first-class securities, and because he has some money in speculation in some distant state he can deduct the total amount of such speculation from such first-class securities which have uc connection with the debt. It is true the ?70o law will take a groat deal of property from the duplicate, hut it will not. take a tithe of the property already taken from the duplicate by the system of deductions that has fastened itself upon our law. I am for the $700 law and shall defend it in the courts wherever assailed until the vicious system of deductions shall have been greatly modified." Mr. Taylor further said that in his judgment there would not be a great loss upon the duplicate for the reason that propeitv that had escaped under the deduction law would now go on the duplicate.

Operations of the Law.

Mr. Taylor's prediction has been fulfilled. The report of the state statistician made the next year showed that the total amount of deductions unuer the $700 law was $29,159,931, while the total gain of taxable property for 1899, exclusive of mortgage deductions, was $31,7-23,152. a net gain of $2,653,152

Speaking recently of the operations of the law. the attorney general said: "From the report of the statistician it appears that $40,000,000 of taxable property this year is withheld from the duplicate in Indiana because of debts being deducted from credits by taxpayers. It is a remarkable coincidence, but true, that the total deductions on account of the mortgage indebtedness in Indiana for the year 1900 amounts to $40,000,000. Here is a grand total of $80,000,000 of deductions, claimed by taxpayers in Indiana in one year under the two deduction laws on the statute books. "Eighty thousand taxpayers In Indiana have filed affidavits and made claims for these deductions under the new mortgage deduction law." Credits and Mortgage Deductions. "It is said that credits/ought not to be taxed because they may not be collected. True. But they are appraised at their probable value, which includes the hazard of collecting. But credits are generally more valuable than money. A mortgage on your home is more valuable to the holder of the mortgage than gold, and yet that is a credit from which the mortgagee can deduct his indebtedness.

It is nonsense to talk about, repealing the law on credits. It would be highly improper and unjust to charge holders of property their full value when they owe almost every dollar for them Persons of moderate means are not those who claim great deductions, looked up this question in Marion county a short time ago—t

0«i

it" tho man that holds this mortgages ou his hornget a deduction from that very mortgage. why can't tho man that givtrs tfic mortgage get. a deduction fro in that mortgage on that lilt I* homo that rests on it like a blanket? Taxation Should Be Equal. "If a deduction can be taken by a mortgagee from tho mortgage on your home, what principle is there that stands in the way ot yoMr receiving a deduction on the same inortgageon your home? There should not. be one law in this country for the creditor and1 allother law for the debtor classes. There should not he one law for the mortgage owner and another to the lot owner. All should be taxed alike. The deduction claimed on the §40.000,000 of civ.dit should go down it the deductions claimed on account of the $10,000,001) of mortgages must go down. I.insist that the whole sso.oou,. 000 of credits should rise prt fall to get her." v.i •"'f The Most Perfect Tax System.

with

the letter in the alphabet, and I found thirteen names: the first thirteen that I struck claimed and took deductions of nearly $300,000. I know a man in Indiana who can give his check for nearly a million dollars that got a deduction of $80,000 this year on accorat of credits. If he can get a deduction of $80,000 on account of credits why can't a poor man payins for tyls home get a deduction on aocount of a mortgage on that home?

THE CRAWF0RDSVIL7.E WEEKLY JOURNAL.

In upholding the mortgage law hefore the state supremo court Attorney General Taylor said: "On what principle of law can the holder of a mortgage on lots or lands be entitled to a deduction from such mortgage seruriiy, because the holder thereof is indebted to some third person, while he who owns the lot or land upon which such mortgaw security is based is denied tho right to deduct his indebtedness from the very lot or land that furnishes tho basis of such mortgage security? Why should the lot. owner he denied the right of deduction from his lot. when the note owner who holds a mortgage upon siK-h lot is granted the privilege of deducting all of his indebtedness from the value of such note? Ko substantial reason can be given. "If th«: Indiana mortgage deduction law is stricken down the mandate of

Ihe constitution will not be complied with which commands that a 'just valuation of all property shall he had.' Nor will such a mandate' bo obeyed if the lot owner is denied the right that is granted to the note owner "As long as governments are maintained and civil liberty prevails among men taxes will be imposed. We can not expect these tax laws to be perfect. The legislature and the legisla ture alone can correct the evils that experience makes manifest. "That tax system is the most perfect which most nearly casts upon every citizen of the state his fair share of the oublic burdens."

PANIC ON TKAIN

Passengers Could Sec the Train Which Caused Collision.

Macon, Ga., June 11.—The south bound passenger train of the Southern Railway collided with a northbound freight train near Juliette, 23 miles north of Macon, yesterday afternoon. The engineer and fireman of the passenger train were instantly killed and nineteen of the passengers more or less severely injured.

The two trains met on a sharp curve while under full headway. Owing to the sharpness of the curve the passengers saw the approaching freight and a scene of panic developed. The shock of the collision was so great that seats were smashed into splinters and the £lass into fragments. The engines and tenders were piled on each other. ,,

Dangers of the Kail.

Washington, June 11.—A bulletin just issued by the interstate commerce commission shows that during the three months ended Dec. 31 last, there were 1,481 railroad collisions, and 877 derailments in the United States, in which 274 persons were killed and 2,089 injured. Accidents of all other kinds increase the total to 813 killed and 10,235 injured. The damage to cars, engines and roadway by these accidents amounted to $2,075,091.

Train In the Iitch.

St. Joseph, Mo., June 11.—A Chicago Great Western passenger train was wrecked at Dean, a small station about seven miles north of the city yesterday. Only one passenger was injured. The entire train of seven coaches left the track and rolled down a 12-foot, embankment. Nearly every car was badly splintered.

CON till KSSION ALi

What tlio Ij.nw Makers Are Doing Down In Washington.

Washington, June 11.—Another of the big supply bills of the government was disposed of by the senate yesterday, the naval bill, carrying more than $78,000,000 being passed. It includes provisions for two first-class battleships, two first-class armored cruisers and two gunboats but strikes out the house provision that one of each shall be built at government yards.

When consideration was resumed of the isthmian canal question, Mr. Turner delivered an extended argument in support of the NIcaraguan route. He maintained that the new Panama company could not pass a clear title to the Panama company's rights, franchises and property to the United States, and that if this government purchased it, it would be with all Its encumbrances

The house deieated the bill to transfer certain forest reserves to the agricultural dep&rtment and to authorize the president to establish game and fish preserves. The house then adopted a special order for the consideration of the Corliss Pacific Cable bill by a vote of 108 to 73, and for the remainder of the afternoon listened to the author of the measure argue in favor of its passage.

Is it a burn? Use Dr. Thomas' Eoleotrlc Oil. A cut? Use Dr. Thomas Eclectrlc Oil. At your druggists.

AH IRON-GLAD BOR

Germany At Last Loses Patience Willi Recalcitrant •'"Venezuela.

CRUISKRSCOIX A IIUIiKY

Significant Movement of (iennan Cruisers Is Made Toward the. Port of La tiiiavia.

Enforcement,

ot I,ony Stantlitii!: Claim to lie Made, It Is Tlioutrlit.

Is About

St. Thomas, D. W. I., June 11.—The German cruiser Kulke sailed for La Guayra, Venezuela, Monday, ami the German cruiser Gazelle sailed for the same port yesterday, under hurried orders from Berlin.

Washington, .Tune 11.—In the absence of any ollicial advices on the subject the officials here are in the dark as to the reasons for the hurried departure of German warships for Venezuela, as reported in the St. Thomas dispatch.

Germany has a big claim against Venezuela—that of the Berlin Company of Discount for the non-perform-ance of engagements which tho Venezuelan government, has undertaken in connection with the great, Venezuelan railway built, by the government. The ciaim approximates t.!,000,000 bolivars. One inference, and it is merely that, as there is no official information on which to base the statement, is that Germany has sent her vessels to La Guayra to enforce the payment of the claim, as Venezuela has not attempted to meet the obligation.

The diplomatic correspondence of the state department shows that Germany has considered the question of coercion in connection with tho pay ment of the claim. A communication from th£ German embassy of Dec. last has this to say on the subject: "In case the German government should be obliged to use coercion against Venezuela in connection with the pending claims it will have to be considered what kind of measures should be adopted. The most import ant measure of coercion—that is, the blockade of Venezuelan harbors— would have to be carried through with out a declaration of war preceding it A blockade, therefore, would be peace blockade. Such a blockade would touch likewise the ships of neu tral powers, inasmuch as such ships although a confiscation of them would not have to be considered, would have to be turned away and prohibited un til the blockade should be raised. In the same manner European states have proceeded on such occasions, especially England and France."

It is not believed that the United States government would raise any objection should Germany undertake the blockade of Venezuelan ports to collect the claims of tho Berlin company, as the president in his last message to congress made the following observation in connection with the attitude of the American government on the Monroe doctrine: "We do not guarantee any state against punishment if it misconducts itself, provided that punishment does not take the form of the acquisition of territory by any nonAmerican power."

JONES ltlfii'ULSKD

Arkansas Senator Hears Ilis ltival Itoundly Cheered.

Little Rock, Ark., June 11.—The feature of the Democratic state convention yesterday afternoon was the ovation to former Governor James P. Clarke, who was declared by the convention to be the Democratic nominee for United States senator to succeed James K. Jones. Some of the friends of Senator Jones opposed the resolution. and It was stated that Senator Jones demurred to the jurisdiction of the convention. Tho resolution was adopted by a vote of 420 to 72, and formal declaration was then given, on the basi8 of tho vote in the Demo cratic primary elections of March 29 last, making Clarke nominee for senator. Governor Clarke then addressed the convention and was accorded perhaps the greatest ovation in the polite leal history of Arkansas. Governor Jefferson Davis was unanimously renominated.

Friends At Last.

Pretoria, June 11.—Boer commandoes arriving here bring reports of fresh instances of fraternization be tween the Boera and the British troops. The surrender of a commando at Balmoral, Transvaal, was followed by a big "sing song." The British soldiers stationed at the blockhouses between Balmoral and Pretoria in some Instances held up the trains and prof fered coffee and tobacco to their late enemies. The Boers generally hold unfavorable estimates of their foreign ailies except the Americans, whom they declare to be crafty and great fighters. A prominent commandant said: "All the Germans are lit for is to give horses sore backs."

The Tliiril Trjnl.

Eldorado, Kan., June 11.—The third trial of Jessie Morrison, who killed Mrs. Olin Castle at the latter's home here in June, 1.900, by cutting her throat with a razor, began here yesterday. Judge Aikman refused change of venue.

BYRON R.

For Every Member of the

Farmer's Family

20

The The

America's

THE INTEB OCEAN

Vehicles of Ail Kinds.

The mcst comfortable, the most stylish, aad what is a very important item to remembe •when purchasing, they sell at the very lowest prices, IV If you want to buy the best

bicycle made see me for the Adlake or Crowa.

A. S. MILUER,

124»120 IN. Woahitigton St.

RUSSELL. ARCH MARTIN.

Wool Wanted!

RUSSELL & MARTIIN,

WOOL, DEALERS,

Are in the market for all the wool that may be offered at the highest cur rent price. Call and see them before you sell. Harter block, Fourth room east of the Crawford Hotel.

CRAWFORDSVILLE,

NEWiYORK TRIBUNE FARMER

Established In 1841. for over sixty years It was tlio NEW YORK WEEKLY TRIBUNE, known and read In every state In tlio Union. On November 7, 1901, it was chunked to the

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A high class, up-to-date, illustrated agricultural weekly, for tho farmer and his famllv.

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