Little Falls herald. [volume] (Little Falls, Morrison County, Minn.) 1889-1950, 1906-12-07

was shown in the investigation of the
tobacco and sugar trusts as to the. initi-
Would i...e . co-,p!ae for the purpose Of
preventing a big s.lnrer from maintains
inc i'm! roper alvar t.ges at the expense
fc sH Such s binaton, instead of Being
forbidden by law, should be favored. In
other words, it should be permitted to
these agreements were sanctioned by the
We're We're pub,:shei With these two condi-
icons see What ron harm such combination could
do to the public at large. It is a public
evil to have on the statute. books a law
SSth jadges and its
fuIi enforcement would destroy the bust
ness of the country; for the result is to
the law against their will, and to put a
R%ronsdoer on sSeh re51t IN turn s tends
wrongdoer into close association, and in
the end to drag down the former to the
iatter's level: for the man who becomes
css ali fo aM RRd to Ss
willing to break it in many ways. No
more scathing condemnation could be
x the Words r" Of the Interstate commerce
commission when, in commenting upon
the fact that the numerous Joint traffic
% hsy sa aS dcsoa et the the
Transmississippi case and the Joint
set on the ra%ay
lions Of the country. Such associations,
in fact. exist now as they did before
these decisions, and with the same gen.
ought probably to add that it is difiicult
to see how our interstate railways could
be operated with due regard to the inter
forded thru these associations"
This means that the law as construed
business Of the country cannot be con-
Quoted without breaking It, recommend
that you give careful and early consider
opinion of the Interstate commerce com
mission justified, that you. amend the
law 10 as to obviate the evil disclosed.
Inheritance and Income Tax.
It was expected that the president
would refer In some way to his belief
In the necessity for the curbing of enor-
NOUS fortunes, and he has done 90 by
come ce9 and an tnk ,s ' tax. '? He BE-
neves the government should impose a
graduated Inheritance tax, and If posi-
bic, a graduated income tax. He says: =.
! as this needs long and careful study In
order that the people may become famil-
| lar with what is proposed to be done,
ing with wisdom and self-restrain and
may nay make Up their minds 3qst how tar
only " 4aS.d e. IL the
out the project in necessary detail. But
I feel that in the near future our nation
| al legislators should enact a law provid-
which a steadily increasing rate of duty
yalaables eomins; ey gift. 6eaSest: Or
It may be well to make the tax heavy
| in proportion as the individual benefited
is remote of kin. In any event, in my
ves PRea7g With vi the
OF the amount left to any one individual
| after certain point has been reached
and am 4Si ' and " potent Source ' Of Of
! thrift and ambition is the desire on the
| part Of the breadwinner to leave his chill
by making the tax very small on moder-
the prime Object shou i be to put a con-
! stantly increasing burden on the inner 31n;aI
. It Is certainly of no benefit to this coun-
! try to perpetuate.
There can be- no question OF the eth
! ical propriety Of the government thus de-
termining the conditions upon which any
gift or Inheritance should be received.
EXACTLY how far the inheritance tax
|
| limiting the transmission by devise or
! gift of the enormous fortunes in question
! it is not necessary at present to DISCUSS:
: It Is wise that progress in this direction
should be gradual. At first a permanent
national inheritance tax. while it might
! be more substantial than any such tax
| has hitherto been, need not approximate,
| either in amount or in the extent OF the
| increase by graduation. to what such
tax should ultimately be.
| lnher;+sneA Tax Constitutional.
This species Of tax has again and again
been imposed, altho only temporarily, by
imposed by the act Of July 8, 1897, when
hS @ and t St es ef 1t
graduated tax; tho small in amount,
the rate was increased with the amount
to any dy sess being
s aee 81 Jaiy !. ISL; a mini%a% sum Of
IN Re tst them hens bseess
Of Kin. The war-revenue act Of June 10,
1885, provided for an Inheritance tax e o on
the rate Of tax increasing both In accord
cordance with tho legatee's remotsness
the succession tax imposed at the time
Of the civil war was not q direct tax but
an impose of excise which was both con-
court. in an opinion delivered by Mr..
Justice White, which contained an ex-
esedingly able and elaborate discussion
of the powers Of the congress to impose
| death dutiea, sustained the constitution
| Atty Of the inheritance tax feature Of the
| War-revenue act Of 1898.
| 10 Income Tax CONSTITUTIONAL
In its incidents. and apart from the
income tax stands on an entirely differ