The Hartford republican. (Hartford, Ky.) 18??-1926, 1906-12-14
INHERITANCE TAX BILL
Has Been introduced in Low
u err House Of Congress.
New Japanese Treaty on Same
Basis as Chinese Plan
Talked OF.
Isnsrlnl TO rnE nrrrpI.lcAsl

Especial to TINS RYPrpLicAs.l
Washington. ID. c., Dec. Il. Con-
yress has gotten started in good
shape and the only trouble with one
who is trying to keep abreast of hap
peninss under the dome, is to select
the most interesting of the many
things that are happening every day.
The Ship Subsidy bill. the Currency
bill. the 25th Infantry fight. the
Deep Waterways Congress, the Jap
an row, the Bailey case and the coal
lands inquiry, as well as Secretary
Bonaparte's repor. and number of
minor matters. are all very urgent
* TO the front. 1t is safe to say
that some of them will soon become
exhausted and dropped to the rear,
but at the present moment there is
plenty doing.
One of the most talked about, al
though not the most important prop
ositions, is the possible new Japan
csc treaty, but there is no likelihood
of such a document berg submit
ted TO the Senate until the question
of the japanese school children in
San Francisco is settled. What
people of the Pacific coast want is a
japanese treaty on the same basis
as that with China to exclude Japan
csc laborers. There is no likelihood
that Japan would ever consent to
such an agreement. Certainly 1t
cannot be brought up until the ques-
ton of school exclusion is settled
to the satisfaction of the westerners,
it is not likely that Japan would
consent to an exclusion act, even If
il came to entirely breaking off diplo-
slnatic relations.
Perhaps the next matter of gener-
al interest is that of the inheritence
tax. Representative Perkins. Of
New York. has already introduced
a bill which he believes is along the
line that the President intends.
Briefly it contemplates levying tax
ranging from rs cents on 500 up
to 500 in every 500 on large
Iegacies. The sliding scale is
arranged something in this way,
where the legacy does not exceed
$4,000 and the beneficiary is a
lenial ancestor, wife, brother or sis
ter of the deceased. the tax is only
rs cents on a 500. where the bene-
ficiary is descendent of a brother
or sister the tax is S1.50 on 500,
where the beneficiary is brother or
sister OF the father or mother. or a
descendent of brother or sister,
the tax is SO on a 500. AS the re-
lationship becomes more distant, the
tax increases up to $500 on a 500;
where the money is left to person
twho is not blood relation. On be-
quests to religious, literary or char
liable organizations and to educa-
tional institutions. no taxes are
levied unless the bequest is more
than $4,000. There is an addition
al provision for an increase in the tax
ND to sums in excess of $50, 000, 900;
at this point the tax would amount
to rs per cent. or one-fourth of the
total bequest. In order to prevent
undue hardship in realizing on es-
tates where much money is needed
to meet the tax, the bill provides for
deferred payment of taxes up to
three years. The deferred payment
drawing interest at six per cent.
This, it will be seen, provides
against sacrificing lands or securi-
ties where large estate has to be
settled.
It is not known just what is going
to be done with the elastic currency
bill. 1t is understood that Senator
Aldrich is now at work on such a
measure and it will be presented at
an early day. The bill is supposed
to embody all the recommendations
of the Currency Commission, which
recently met at Washington. The
measure stands fighting show for
passage, but the press of other bus
4iness is rather against it.
A very interesting device was
installed in the Capitol this week
nv which it will be possible for a