People's voice. [volume] (Wellington, Sumner County, Kansas) 1890-1917, 1894-01-26
The income Tax.
st. si@Republic.

he brought into play. Denunciatory |
resolutions will be proposed and |
adopted at the next meeting Of the |
Chamber of Commerce, and a commit
tee will be appointed to visit Wash !
ingtOR and lobby" against the pro-
posed measure, supplementing the
personal efforts OF individual members
and joining forces, if it is deemed adj
yisable, with any similar committees
that may be engaged in the work of
converting the National Legislature.
A determined fight will be waged
all along the line, beginning with
speech by Congressman BOurke COch-
ran, and if the opponents of the in
come tax are beaten it will be through
sheer force of numerical strength.
There are very few mOnyed men in
the metropolis who favor the income
tax idea, George Gould being, OF all
the well-known milliOnaireS, the only
one who sees in it an element Of COM
mon sense and justice. Mr.. Gould
thoroughly endorses the bill as pro-
posed, and will do nothing to block its
passage. Its enactment will reduce
his annual income very materially, but
hardly to the extent most people i'm
agine, for while the Gould estate is
large, it is prOpable that not over half
of yielding interest, but on the con-
trary is drawing On the earnings of
the other half for support. 1t would
perhaps be fair estimate TO say that
the estate is in the annual receipt Of
per cent interest on S2O,000,0OO or
$500 900 which under the proposed law,
would be subject TO a tax of $4,000.
Uncle Russell Sage is opposed to the
bill on general principles. He is iD-
clined to think that his young friend
Gould is lacking in the sagacity and
shrewdneSs which distinguished his
father. But Uncle Sage, unless he
proves an alibi. will have to share his
wealth with uncle Samuel, Just the
same, granting the passage OF the in
come tax provision. He is said to be
worth anywhere from $50,00O,0OO to
$50, 100000 and to have an income
amounting to more than s., 900, 900 an
nually. The tax collector will have
to be an undoubted genius, however,
to gather per cent on this basis. If
the Treasury gets $4,000 a year from
the aged tlnancier it will be in great
luck.
The ROckefellers, whose combined
wealth is placed at $500, OOO,OOO with a
yearly income of S20,0OO,0O0 are not
Indifferent to the agitation in favor
Of the tax. They have not gone on re-
, cord against it, but are not very en-
thusiastic in its support. Granting
family income to be S20,0O0,0OO the
Government will receive from the
Rockefeller Golfers in the event ofthe
passage of the bill 100000 a year.
Chauncey Depew, whose salary as
president of the n. Y. Central r. r.
alone is 100000 a year will be hard
hit, as will also President John A.
Mccall of the n. Y. Life Insurance
company, whose annual stipend is
5 equal to that of Mr.. Depew. Both are
against the income tax. Mr.. Depew
will lose $1,000 of his salary and per.
hapS as much more Of his private in.
: come. Mr.. McCall'S contribution will
be IN the neighbOrhOod OF $1,000.
The AstOr estates will be obliged to
part with 100000 when the plate il
passed around at the end of the fiscal
, year.
Mrs. Hetty Green. who is said to bt
the richest woman in America, viii
be mulcted in sum ranging $1,000
to $4,000.
: Ward McAllister having officially
! announced in one Of his recent news.
paper effusiOns that he had acquired
a fortune exceeding $1,000, 900 in thu
l pursuit Of New York society, it /!
' reasonable to suppose that he will be
5 asked to contribute 200 or so every
year to insure its retention by him.
The VanderbiltS will be lucky il
they escape with an annual tax o.
" Sl25, 900.
Y Richard CrOcker's salary as chief Of
Tammany Hall is $4,000 a year. His
. income from other sources is eStima
ted at 100000 a year. The enact
: ment of the income tar law will there
3 fore, cost him about 5000 annually
BOSS" McKane, Of Gravesend, i
worth half a million and will bC
n squeezed by Uncle Sam about 81 ,OOC
S worth every year unless the threat
o ened change Of residence with which
he is confronted shall interfere will
= his earning capacity.
Another famous character who i
d interested to some extent In the sub
Q ject is Henry George. Mr.. Georg,
clips coupons and other things to th,
extent Of 500, 1000 a year. He favor
+ the tax and will pay his $1,000 will
II grace and good will.
/ George Francis Train has only on
fault to find with the McMiller
amendment. He believes the tal
should be imposed at the rate Of II
per cent on incomes exceeding 5000
h Herr Most is pereaps the most bit
ter opponent OF the proposed law il
:, New York. He regards it as "cOw
e ardly makeshift." He suggested, in {
r brief conversation with me the Othe
: day, that the most equitable incom
= tax which could be levied would be 5
u per cent on all incomes exceeding s.,
0 900. This is perhaps the most temper
ate utterance Most has given expires
! sion TO since he went into the Anarch
u ist business, and is chOnicled as
e matter OF news.
r There aIe several hundred million
q aires in New York and probably 1900
Others who will come under the heat
of the proposed income tax, or les
n than I nor aant 90 tho as.,,s.