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GOODWIN'S WEEKLY 7 I I A Practical Proof. The steady growth In ap preciation of the Investment value of out 6 Secured Certificates is well evi denced by the increas i n g number of Investors who regularly place their surplus funds in these secur ities. Throughout the years we have been furnishing these Certificates to the public no customer has ever lost a dol lar or waited -a day for pay ment of any principal or in terest. Salt Lake Security & Trust Co. 32 Main Street, Salt Lake. The Utah State "National Bank At the cock corner Wc ronjiect fully Mullolt the nceounta of flrtiiH, IiiilIvIdiuilM nnd corporation)!. Saving Dcpnrtinciit nna Snfcty Dcnoult IIoxch. Joseph F. Smith, Pres. D. C. Jackllng, Vice-Pres. Heber J. Grant, Vice-Pres. Chas. S. Burton, Vice-Pres. R. T. Badger, Cashier H. T. McEwan, Asst. Cash. C. H. Wells, Asst. Cash. Tho chlof result of oxporlonco is clonrnoss of vlow In discerning tho fortilo soil on which to plant that part of today's harvest sot asldo for tomorrow's bottormont. Tho wlso planting of pennies nnd dollars In a savings account whore tho growth Is certain, Is making a virtue, of necessity. Planting thoroforo becomes not moroly an economic virtue but tho "symbol and Instrument" of a man's independence Wo offor tho security nnd conven ience of this bank for your accept ance. t 4 Intercut Pnld on Snilngs DcpoHltn The MERCHANTS BANK "THE MANIC ON BROADWAY" IS THE HOUSE WIRED FOR ELECTRIC LIGHTS? This is the first question asked by those renting or buying homes. A negative reply turns people away. If the house is properly wired for electric service, THAT is a big factor in renting or selling it. Builders are invited to confer with us in making plans. Free advice by our ex perts is part of the service we render. Call Our Commercial Department Utah Light & Railway Co. "Electricity for Everything" Mining and Financial " UNLESS a great wave of enlighten ment shall sweep over the state between this day and the fifth of November the voice of the people on the subject of the proposed amend ments to the constitution of the state will bo a voice crying in the wilder ness. There are a half dozen amend ments to be submitted to the electors. One of these relates to tho taxation of mines. As all matters affecting the mines are of interest to this de partment, the writer undertook to ac quire some knowledge of the mean ing and probable effect of the propos ed amendment. And as the matter was one of law ho sought a lawyer. The attorney explained it very fully. "You will observe " he said, "that this is a proposed amendment to the state constitution to be submitted to the suffrages of the qualified electors of the great State of Utah, which is in many repects the greatest state in all the galaxy of commonwealths which constitute our glorious union of states. Beginning with the declara tion of independence " "But I was asking you about the taxation " "Yes, yes, that was just what I was getting to. It was taxation with out representation that induced the patriotic fathers of our country to frame that Immortal document begin ning: 'Know all men by these pre sents that" "Certainly, I understand It all now and I want to thank you fcr explain ing it so clearly." "You are sure I have 'made it clear to you?" asked the attorney some what doubtfully. "Clear? Why I should say It was as clear as my title to mansions in tho skies." "Glad to help you, I'm sure. Drop In whenever you strike any legal ques tion that bothers you." Another lawyer, a man of great probity and unusual frankness, said, when asked to eplain the real signifi cance of the amendment: "I don't know exactly what that amendment refers to. Between now and the election I intend to look it up and compare it with the original clause in tho constitution so I will be prepared to vote upon it intelli gently." It seemed plain that the legal pro fession did not have the goods. Sure ly the mining men would know all the whys and wherefores of a matter af fecting their business interests. So the next step in the search was to buttonhole a well-known mining engi neer and operator The words "mine" and "taxation" riveted his attention at once. An expression of alarm over spread his face when he was told that the people were about to vote on an amendment changing tho constitution al provisions for taxing mines, but, after a moment's reflection ho took heart. . "Guess It can't bo very bad,1 he remarked, "or the boys Would have said something about it " "Oh, no! It iant at all bad," re turned the interviewer. "It just pro vides that half the fees received by engineers for examining mines shall be turned Into the state treasury for the reimbursement of investors who are misled by their reports." That got him. "Good Lord," he exclaimed, 'ana they are trying to pass a law like that? We'll have to get busy right away." With lawyers and mining men both I ignorant of the real meaning of the ' change recommended in the funda mental law there was nothing to do but procure a copy of the constitu tion and find out at first hand just what the change would be. When experts were not sufficiently enlight ened to cast "an illuminated vote it was evident that the Common Peo ple and Average Citizen would be up a blind alley when they entered the voting wickiup to doctor their con stitution. A copy of the constitution is somewhat harder to find than the batting averages or the last vote on president, but it was finally obtain ed. A comparison of the proposed amendment with the law as now in force revealed that tho amendment will permit the assessor to assess coal land at a price higher than the price paid to the government by the pur chasers and, incidentally, to tax pre cious metal mines for less than the government's price. As the constitu tion reads now, metal mines and coal mines are grouped for taxing pur poses and neither can be taxed on more nor less than the price demand ed by the government at the time of sale. That means on the ground alone when not used for residences or other than mining purposes. The net proceeds can be, and are, taxed sep arately. Knowing this one has no dif ficulty in detecting the changes that would he brought about under the amendment, which has been published broadcast. It substitutes "claims bear ing gold, silver, coper, lead, or other precious metals" for "claims bearing valuable minerals" leaving coal and hydrocarbon lands to be taxed at their appraised value. An alteration that may sometimes operate to the advantage of the metal liferous mines is the clause in the amendment providing that metal mines shall "be taxed at a value not greater than the price paid the Unit ed States therefor," instead of "at the price paid the United States therefor." At present the land cannot be assessed for less than the government's price. If the amendment is adopted the as sessment may bo lowered but cannot be raised. In effect the present consti tution distributes the taxes on coai lands very unevenly. Lands purchas ed at the Id minimum rate fixed by the government when It was trying to see how many natural resources it could give away, pay taxes on a valu ation much lower than does similar or less desirahle land purchased since tho government began to collect some (Contlnued on Page 14.) FOR REAL ESTATE) I Mortgage Loans, I Fire Insurance B and Surety Bonds I u , RealEsfafk I iUoustoni Investment Cb I JwcopponAJia Capital $5 C 0,000 Phones 27 351 Main St. I If you cannot come fW$ m to the bank, this $? bank wilt come to 4w 1 you. iWftj H No matter where you y&MMM H live, you can do bus!- iw$& H ness here through 'ultt'JiP IH our banking by mall iPftjl V , if j H department. Write iJV , 1 1 ' 'if H for booklet telling J' ' t S !!!$ I Put $1 or more NOW l!lll8 H in a savings account .Jn li I " "?- M and watch it grow at 'ii i II I 111 M 4 per cent compound jjiijiilllji M Interest itlllnnill M Founded 1859 fiPlTlI I "A Tower of Sfi$M; I STRENGTH." H WALKER BROTHERS I BANKERS H Bank here by mail. H u , H National Bank of the Republic I V. S. DEPOSITORY H FRANK KNOX, Pres. H JAMES A. MURRAY, Vice-Pros. H W. F. EARLS, Cashier. E. A. CULBERTSON, Asst. Cash. CAPITAL PAID IN 300,000 M Banking In all its branches trans- H acted. Exchange drawn on the B principal cities in Europe. Inter- H est paid on TImo Deposits. M McCornick & Co. I Bankers I ESTABLISHED 1873. H General Banking Business Trans- H acted. H Accounts Respectfully Solicited H