The Cambria freeman. [volume] (Ebensburg, Pa.) 1867-1938, 1895-04-12

WASHINGTON. April 9.-TreaSury 9. Off
Gals are greatly disp .rited over the
supreme ccurt : decision in the income
tax case. and while admitting that they
have no reliable data Upon which To
form 5u accurate estimate. they express
tile belief that he net result of the
decision W. he "a loss Of at least 30 per
cent in tIlo receipts from incomes. In
some cities the loss VIII be far greater
than this notably in the city of Wash
iugton, where the loss Is expected 70
reach - per cent. Washington, how
ever, Is exceptionally a renting city
The proportion of rented houses in
other cities of the country also Is very
large In 1880 the rented houses in
New York CITY was nearly 81 per cent
Of the whole In Boston II WIS 81 Per
per cent: in Brooklyn, 81; III Cincin-
natl. 30. and I'm Jersey City, ST. In the
other large cities the percentages range
down tu -G az Rochester. In New York
tirv There We're 2g2. gj6 rented houses:
in Philadelphia. lj1,S SOB; III Chicago
II@.5GG; IN Brooklyn, I3g.O4O. The
rp-aI number of rented houses in the
United States IN 1850 was I.I2O. ~.
which during the last five years has
undoubtedly Increased very materially
Dwelling houses. however, represent
only "a small part OF the capital invested
IN buildings of every character, which
produce enormous rentals.
Comparatively little was expected
from interest on state. county and mu-
niclpaI bonds. but the total loss
II Is Thought, VIII not fall short
Of Si5.uuu 900. or S2u.OOD. 600. fGl
To increase rather than 70 diminish in
succeeding years should the law remain
uUr-UeJled. The loss of this revenue
however Is not the only cause OF regret
among the officials The fact that the
cuuur WAS e-eHlv divided on the main
constitutional Question. 1t l. expected.
VIII result IN almost endless litigation.
thus very materially adding to tine eX-
pnUSe of collecting the tax Neverthe-
less. the internal revenue officials viii
proceed NJ once 70 prepare supplemental
resolutions "a conform To the decision.
and from now on until next Monday
when the time expires within which re
turns may De made. any returns IL
which Incomes from rents bonds are
deducted viii be regarded as a full com
pliauCc with the law. Persons who
have already made their returns and
Iaid the tax VIII be advised Of the
tAtll-' III tG' It~t4ulttl~- anu ttS soon
is possible the propOrtiOuate amounts of
tax paid hv each on rents and bonds
VIII he refunded 10 them under the gen
crIj law. which authorizes the commits
sIDucT of internal revenue to refund
taxes Wrou-fuilv collected.
Attorney General Olney was much
surprised at that part Of the decision
which eNempts rents under the income
tax. As To the section Of the act relat-
ing To bonds. the attorney general
rather expected an adverse decision
but me- regards the action Of the court
on the rent proposition aS having been
taken ON rechmcaiities which he be
HevgS VIII not stand the test of time,
and cannot remain the permanent law
of the land. On all other points the
government. ne believes. has no serious
cause for complaint. Ii Is universally
regretted that there was not full
bench To- hear the case, and should JUS
uCe Jackson resign. there i very good
reason to believe his successor would
almost certainly be favorable u the
law. IN which event another test case
very soon would be brought 70 the court
for determination.