Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1894-01-25
THE PROPOSED INCOME TAX
WILL soUEEzE THE RICH.
BLEED STANDARD OIL MAGNATES
The Income of Famous Preachers
and Literary Men, Also OF
Railroad Of
nciaIs.
CARPENTER IN WASHINGTON.


will be hiding behind their wood piles
during the next few months. The Demo
Gratis Of the congress are bound that we
shall have an income tax, and they pro
pose to collect per cent on all incomes
of more than $1,000 per year. This will
effect hundreds Of thousands Of men in
the United States, and If human nature
is the same today AS It has been in the
past, not one-tenth OF them viii pay
the taxes. II Is laws like this which
make It very difficult for rich man to en-
der the kingdom Of heaven. In 1858, when
tho United States was booming, we had
an income tax on all persons who made
over $1,000 per year aud less then 2GO,-
900 people paid taxes on their incomes,
The number who received more than
this and escaped taxation amounted t.
hundreds Of thousands. aud IL was even
worse when the limit was raised. II
was not long after this before the
amount Of exemption was increased to
5000 aud then the taxable incomes were
returned To the number of llG,OpO and
this number fell right along until $50,
when Senator sherman cstimnted that
only GO,uoJ people We're paying income
taxes. Al this time we had pUpula'
ton of about lOOOOOOO, ana nine-tcnths
OF the people and nincty-nlne hundredths
Of the property holders of the country es,
capped taxation At incomes Of over S4WO
u will BIO worse yet. The goldpluiod
liar md purjurcr will be abroad IN the
laud aud the tax Will 10 o certain ok
cent be- prcmumou corruption.
II II could bu Justly collected 1t would
bring In millions. I have been looking
over the rich men u tine United States
and estimating what they Will have to
81 a...N am "a
THAT they ought TO have ~ proportion To
their supposed wealth Every congress-
man ON hi- salary alone will have 10
drop $50 year into the treasury. The
cnbilct minister's VIII each FORK over ISL
10 Uncle sam, aud President Cleveland
viii have 500 deducted from his White
House income. Private Secretary thur
Der viii yield up $50 and the Justices Of
The supreme court VIII each have Sl2u
year less to spanl on the capons, tcrrnpin
aud other dcIicncics II in addition 10
this they return the Incomes that they
should have. supposiuE their wealth
brought them per cent, Cleyelauds two
hundred odd thousand dollars woulu
make him pay 5000 more Of an income
TAX, and Secretary lamont VIII have TO
plank down the same amount out OF hls
profits of street railway investment
Every millionaire IN the senate ought at
this rate 90 pay something Ike SlOuo
year income tax aud " Don Cameron
Gal Price and John +. Jones do not
vince when they are asked To give up
5000 and upward apiece 70 tht treas
ury ! am much mistaken ~ the mon
Senator stewart is san 10 br worm q
million. He viii pay $1,000, Watson {.
Sguire has q million dollars worth Of
real estate IN the state OF Washington
mud he Is too sharp a business man to
let u bring him 10 loss than SOiNN
Income lie ought 20 pny Tl"'oi " u
John Shcrmans big fortune uo9hI
whether there are many 9ollals Slus
idle, aud Villas VIII propniEy hntc 10 ulop
$1,000 o year from nus Wisconsin 1850
Fully half OF the nlslnneFS OF wy 7ounS'
have incomes OF f1VOV hnd more IN auul-
ton TO lhclr s9l"Hss, h'N WI n,''
TO pay SlVo Nhu NV H'u "H'Ni iIt, a,
Iloury CABOT Lodge; N'otso ~ ' ,,als
ana S'nntoI $780, W. IS, o., ti,eir i,n,,s
VINO W!ll ue eApN'eH ~ p's 49, Yi ti,i.
RnOs' lnr indet Oh th,7c men VIZ h.N
when the bin comes ueiOrH the s9halt :.
and The gcnen OPINION Is ,hi' lH WI" h"'
be allowed 10 hecnmr y my, st.,ost
The miltonaires "i 'he thi,ou ''n,e''
Their name II legion Eiun wy , ",
iheir millions Ought 20 prluE III uSlN'Vn
10000 aud SIu,Wp a year, Vnu iienl,
ibis tax they should pay al least NlVlV
per million Look at The list ana see
come OF The goiden spots upon Whleh w
muriatic acid OF TINS Tax ought 10 Iail
10 llihhN WIZ LAANi 'i' tfH''f
William Waldorf AHmr ~ NRll 70 ne
worth SldOOOlOm, MS vast wealth. ~
Ia lands and houses In Sew n9rA ely,
and il is supposed TO bring mn 10
per cont. II th.s is 10 lie gets more
than SO.OO0OO0 year. and mS tax WAL
be more than SlSnOUO a year, o. about
$4,000 per month, The Houll estate
il Is said amounts to over FluluUuvJo'
md at @ per cent 1t wi bring VA NOOVu-
DOO d wear and would have TO pay a TAX
Of $4,000. One Of The biggest Tor,
tunes Of the United States Is Tint OF
Inc Nandcrb'lis, which amounts 10 M the
neighborhood Of Sa00000QQ0, and which,
II reduced TO gold would equal more
than 100000 pounds of the precious
metal II ~ all snie.y and conservative
ly invested, and u probably brings m
m income Of Sl2OQ0,OQO o year and II
nnght TO pay tax of something like
800 900 per month, or over 5000 q dag .
The two brothers, William Is. nnd
Cornelius Vanderbilt, ARE together sup
posed to he worth nearly S2pp,QOO,uuO-
md when William II. Vanderbilt was
living ] got nn ilen At the treasury de-
partment Of his Immense estate | was
looking into the investments OF our mil
iionairea In 4 per cent bonds, and was
;o.d that at one time Commodore Van
derhnt had held NAo,mO,oOO IN these
securities alone. The interest was PAID
quarterly, aud this one man got from %,
United States treasury l per cent on this