The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-03-28
HIS NAAED N|RIHR||P
MINNESOTA UNIVERSITY PRES
IDENT APPOINTED A ST. LOUIS
EXPOSITION COMMISSIONER

es4
O-tinued from, First Page.
partment also is preparing to investigate
the methods of manufacturing such for
eign cheese as is imported intp the United
States, with the view of having this
cheese made in this country. The value
of the cheese annually imported amounts
to over $1,G00.00O. af
SPANISH WAR CLAIMS.
The Spanish war claims commission, of
which former Senator William E, Chan
dler, of New Hampshire, is president, has
received frorn the state department
full list OF the claims against Spain,
growing out of the instruction in Cuba,
which were filed in. the, department up to
the 18th Of the present month. These
claims are all those of American citizens,
for under the treaty of Paris the gov
ernments of the United States and Spain
Undertook to adjust the claims of their
own citizens. The grand total of these
Gains Is about $50. 1900, and there arc
tive claims in excess of $1,00O,O00 EACH
Mrs. Ruiz, widow of the dentist who was
killed in Havana prison, is a claimant
for $4,000. The largest single claim is
that of John w. Brock, on account of
property losses, estimated at 81, 162, 514.
STAMP TAX DECISION.
has promulgated the recent decision of
the United States district court of ap-
pealS, Third circuit, which held that 40
stamp tax accrueS on a presumptive re-
sale of stock where bucket shop trans
actions are settled by payment of differ
ences. This decision will be followed by
the internal revenue officials in disposing
of all similar questions
The commissioner also has held that
there is nothing in para graph of
schedule A, act of March, 1901 which i'm
plies purchase or sale of stocks must
be presumed and a written me1noran-
dunn delivered when a transaction is
closed or terminated On the other hand,
the act presupposes that transactions are
closed without such memorandum Of pur-
chase or sale, because they are made
with the intent that they may be closed
adjusted or settled according to- or with
reference to, the public market quotations
OF prices, or with the intent that they
shall be deemed closed or terminated
when the public market quotations shall
reach a certain figure. It is only origi-
nal transactions either by pretended pur-
chase or sale that require written stamp
ed memoranda to be delivered to the
other party under saidiparagraph.
He also provides that the provision in
regard to keeping books in parag graph 3
applies to all persons who do any such
graph, whether such persons are also en-
gagged in business other than that of
bucketshop or not. tnsan
The commissioner Of internal revenue
has held that legacy for literary, char
liable or educational uses, on which tax
has not been paid prior to March l. 1901
is exempt from taxation. This decision
was made in the case of legacy to the
Philadelphia School of Design for Wom-
n. Fs-fE
The commissioner also has accepted the
ruling of the United States circuit court
of appeals for the Ninth circuit to the
effect that Goods are offered for SALE
at the place where they are kept for
sale, and where sale may be effected 4
They are not offered for sale elsewhere
by sending abroad an agent with sam
pies, or by, establishing an office for the
purpose of taking orders.
FAvoRs INCOME TAX.
The industrial commission has made
public a report on the taxation of cor
porations, prepared by it's expert agent
Mr.. George Clapperton. The report
makes volume of ITS pages. The great
er part of it is devoted to summary of
the tax system of the states Of Massa-
chusetes, Connecticut, New York, New
Jersey, Pennsylvania, Ohio, Indiana
Michigan, illinois. Wisconsin, Iowa and
1 O<NeIs. wi. OldppeTtOH- says LQaC he
found the general property tax system
prevailing in the various states, which
are especially marked in the taxation Of
corporate property. He does not indorSc
the system of 1eYying a fixed rate upon
net earnings, which is in vogue in Della
ware and Virginia, finding that while the
system is theoretically satisfactory, it
does not meet the varied business de-
velopments of corporations. ',,9gHe, also
finds the general property tax unsatis-
factory. ff'-s
Upon the whole, Mr.. Clapperton con-
cludes that an income tax is the most
equitable, saying: - D.
There is a growing class of citizens
who receive large incomes or salaries,
and enjoy all the advantages Of society
and good government who, though pos
sessed of abundant ability to pay taxes,
are, under existing systems, practically
exempt from taxation or inadequately
taxed. This class is receiving and must
continue to receive special attention in
the revision or reformation of taxing
systems in the several states. While a
tax upon individual incomes is generally
conceded to be just and equitable in
principle, 1t has been received with dis
favor and regarded as impractical in its
operation. It is apparent, however, to the
careful student of commonwealth taxa
ton, that because of its justice and the
Increasing efficiency of state administra-
tive methods that are being evolved, the
idea of a limited supplementary state in
come tax as practical measure under
state supervision"