The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-02-04

the average reader of this letter. He
spends his thousands on horses, country
( homes and Baptist Sunday schools, but
/ they don't begin to eat up his income,
much less mis- vast principal, and he can
! pay this tax and not come to want.
Another rich Standard oil man is Oliver
Payne, who is said to be worth 500 000.-
{ 900 and who is bachelor with mo house
I to take care Of, no children TO keep in
shoes and no grocery bills 70 pay. You
would think that he would not object 10
helping Uncle Sam out TO the extent Of a
paltry couple of hundred thousand dol
lars year. Henry NJ. Flagler has his
extravagances in the way of ais immense
Florida hotels, but these are but mice
bites at the great round cheese of his in
come. At 5 per cent. his fortune is said
to bring him in Sc, 600 600 year or $780,
600 month. The income tax would leave
him more than s., 900, 900 for his years ex-
/ penses, and his principal would remain
untouched. He is said to be worth $50
{ 900, 600 and at 5 per cent. his income is
nearly $3.50 per hour. Flagler was once
! as poor as John Rockefeller. When he
was boy he thought he could make
| fortune at keeping hotel and he longed
| for the chance 70 try it. The result was
| that when his connection with the Stand
ard Oil Company brought him in money
| faster than he count it he concluded to
realize his boyish ambition and he built
| his big hotel at st. Augustine
PNCHING THE COIN.
One reason why our rich men object TO
paying taxes lies in their early lines. The
most of them began saving penny by
! penny Until they were Of age a dollar
was as big as cart wheel, and they can
now appreciate small amounts better
than they can large ones. They look
upon their millions as matters of course,
| and IN the way of business they make
and lose fortunes without winking. When
it comes to spending, however, they pinch
| the coin until the nose of the Goddess of
| Liberty is pushed down into her throat
and the eagle fairly screams in his agony,
| Even in his last days, it is said, Jay
| Gould estimated the dollars he spent as
| the profit from the sale of so many rat
| traps. Andrew Carnegie once worked
| for 50 a week, and though there is no
man more liberal in the lump l venture
he can tell you how many meals poor
man can get from every dollar he spends,
paying $4,000 for house rent and
who has just finished a palace
more gorgeous than that Of any sec
ond class kingdom of Europe, used to
hustle about trying to get start on 50
week. Russell Sage made his first money
in selling as grocer in Troy, N. =, and
| he thinks of the barrels and barrels of
sweet mixture which the $4,000 tax on
his income would buy, and his face is any
thing but sweet at the thought. Joseph
Pulitzer will have to pay several times
| $4,000 If this bill passes, and he will re-
member how hard he worked to make
his first dollars in driving a coach in st.
Louis, or as poor reporter on the smaller
newspapers there. Sidney Dillon will re-
member how he ran errands as an office
boy, Henry CldVrs will figure up the whole
on the basis of the value of the money to
him when he was getting 81 week, and
d. o. Mills will estimate how much his
income tax would amount to If he were
back in Sacramento, Cal, trying to get
enough money to start life by selling
lemonade and root beer. L hope
they can squeeze a big tax out
of Lucky Baldwin. He ought
to pay $4,000 year, and if he does
it will make him feel as if he bad $4,000
pins pricking at $4,000 different places in
| his anatomy. This win not be the case
with George w. Childs. He began life a
poor boy, but he has never been misery,
and the big income tax he will have TO
| pay will not hurt him. He has made
money rapidly, but he has spent it just
| as freely, and though he made no more
/ than 5000 year until he was seventeen,
before he was twenty he was on his way
| to fortune. Still he worked once for 81
/ month. Whitelaw Reid, who will have to
|
salary, said not long ago that he was glad
to get IS week as a correspondent of
| Cincinnati newspaper, and John Wanna
maker another of these prospective
| big income tax payers, began life by
working for 81. IS week. Phil Armour
| will pay a tax on millions. He worked
hard In the mines of California to get his
start, and he knows the exact value of
the tens of thousands of dollars which he
will have to pay. 1t is the same with a
dozen other rich men whom | could men
ton. They all began at the bottom, and
the most of them will realize the value of
the money they will have to give up. A
few of them will, venture, lie about it,
and say that they make less than they do,
but many will be honest and turn in to
Uncle Sam fair account of their profits
and their losses.
PROFESSIONAL MEN.
1t will be the same with professional
men. The best brain and the most
skilled fingers of the United States will
be affected by this tax. There are num-
Der Of lawyers in New York who make
many times "a, 900 year, and there are
railroad officials, editors and bank presi-
dents in all the big cities who receive
fortunes for their work. George B. Rob-
erts, president of the Pennsylvania Rail-
road Company is said to receive S50, 900
|
receives like amount Both of these
men have large estates outside of their
salaries, but on their salaries alone they
will pay $1,000 to Uncle Sam, and the
same viii be the case of number of 9TH
er high salaried men. The president of
the Western Union Telegraph Company
is said to receive 5000 year. The presi-
dent of the Equitable Life Insurance co.
gets like amount, and he is a poor
bank president, who does not receive as
much as the chief justice of the United
States, Bob Ingersoll is supposed to make
100000 year out of his law practice and
lecturing He ought to pay s., 900 Of a
tax. George Hoadley probably makes
$50, 900, and it is said that Bourke Cock
ran still gets the same amount out of
his practice. I know q lawyer in New
York who made about sos, 900 last year,
and who gets big salary from corpora
ton and is paid in addition 500 a day
whenever he is away from the city on
business for it. 1t is the same with doc
tors There are said to be a hundred
doctors in New York who make $4,000 a
year and upward, and it is said that DR..
Weir Mitchell once refused fee of S25,-
600 TO go over to Europe and back on the
next steamer to pay single medical
visit There are more than twenty doc
tors in New York who make over $50, 900
wear, and nearly every profession has