The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1906-12-13
He Would Have Large Fortunes
Pass to the State.
Upon the Death of Their
PossessOrs, He Says.
SOURCES OF MILLIONS
Melville E. ingalls, Says There
Are Three OF Them.
Tariff, Rebates and Franchises
Illegally Secured.

New York, Dec. 13.-Andrew Car
negie in an address before the Nation
al Civic Federation today, said that he
believed that the majority portion of
the estates of enormously wealthy men
should go to the state upon the death
of the possessor of the fortune. Mr.
Carnegie opposed a graduated income
tax
Melville E. ingalls, of Cincinnati ad-
dressed himself to the subject of an
income and inheritance tax, especially
with view of limiting the large ac-
cumulations of wealth in the possess
sion of individuals He said that there
had been in the last few years three
prolific sources of multimillicnaires
which are open to criticism. These, he
said. were the tariff, illegal favors and
contracts given to the shippers by the
railways, and the securing by means
which were questionable of contracts
at nominal prices fer the use of the
streets of various cities for the purpose
of transportation and lighting He said
that illegal favOrS In many cases had
been Wrung from the railways by the
shippers and said that this form OF
evil had been used in combination with
the tariff. THE high tariff and rail
way rebates" said Mr.. ingalls,, "have
in the last few years produced more
multimiIlionaires than any one dream
ed could exist in any country. He said
that the first thing to do was to modify
the tariff. OF the granting OF shipping
favors he said:
.sThe shippers who have lived and
thr1ved and prospered on rebates and
secret contracts will soon learn that
they are equally wrong with the rail-
ways, and we Will get upon better
basis of doing business.
Regarding the third cause of evil.
he said:
111a 1xo t~a0 81 nTiXaCe /
dividual would make for the use OF the.
streets, Teserving proper rentals ana a
proper division of the profits toF the
future and the other is for the mu-
inequalities to take possession of the
lighting and street transportation and
manage 1t tho same gay as they do the
waterwo orlzs and sewerage -eystenl---for
the benent OF the peoa3e.
with these three changes the
number of omuIti1nillionaires in the
future would be much lessened, al
though the increase of property and
growth of fortunes by legitimate
world a man who has brains, coup
led with thrift and energy, should
have profit that comes from that COM
bination.
Mr.. ingalls, said he believed that an
income tax is the best and fairest tax
that can be levied. He said he did
not believe in a graduated income tax,
as that would be putting tax on
proper law for doing this said he,
"ean be framed and be passed by con-
gress to stand the test of the courts.
If it will not then let US go to the
people with a constitutional amend
ment that will make it legal
He favored the enactment of legis-
lation that no man should have the
right to dispose of the bulk of his
property by will, but that when he
dies it shall be divided among his
heirs He said that a mans wealth
should be broken up at his death and
distributed.
Mr. Ingalls, said the real menace to
mis- mind is the Sherman antitrust
law. so called. 1t is necessary, he as
serted. not only for the railways, but
for the public, that there should be
stable and fixed rates between points.
Railways should be allowed to agree
on rates to be published. and they
also should be allowed to divide the
traffic. He said that to President
Roosevelt more than any one else we
owe the great awakening of the pub
lie conscience along the line of re-
form. He pleaded that the laws should
be so amended that this great moral
uprising may continue and go on hand
in hand with our present business
prosperity: that capital may be Sc
cured and receive its fair return, and
the wages of the great mass of toilers
he Increased rather than diminished