The Dawson news. (Dawson, Ga.) 1889-current, 1906-05-09

dent Roosevelt taVOrS an lHuerltduCe
tax as we'll as a tax on incomes.
agree with him on both propositions If
we can get a law that will conform to
the constitution"
Senator Dubois of idaho: "The presi-
dents speech shows that he Is thinking
along Democratic lines. An income
tax, l believe could be made constitu-
tional and much easier of collection
than an Inheritance or fortune tax.
The presidents utterances border very
close to Socialistic doctrine"
Democrats.
Senator Tillman of South Carolina:
IAN inheritance tax is hardly an ade-
quate method of getting at stupendous
fortunes, because it only comes once
in a lifetime. l have always been a
strong advocate of an income tax, and
graduated one at that would be
willing to vote tomorrow to put an in
rome tax law up to the supreme court
and see If it has not got new light.
would also support an Inheritance tax.
If a graduated inheritance tax were
provided limiting the amount that
could be devised to any individual the
question would arise whether such a
law did not amount absolutely to con-
fiscation Let fortunes pay and not
grow too big rather than seize the
whole fortune when the man dies.
Il believe that great fortunes are
menace to this republic, and something
will have to be done to break them up.
There is q general feeling that these
fortunes are a menace, but it will take
campaign Of education to arouse the
people before the matter can take leg
islative shape.
There are probably some legitimate
fortunes, like that of Marshall Field
and others that / know of, that have
been accumulated because Of the rapiG
growth of the country and the oppoCt1-
mites for shrewd investment that cam
not and ought not to be changed by
law. The only thing 20 be done in q
case like that is to so legislate that the
| fortune should be divided up. If $780,
! 100000 is put out at interest at 4 or 8
! per cent it will grow faster than it can
| be spent by any family. An income
! tax would put a check on such great
accumulation of wealth, while an in
| heritance tax wOnld tend to distribute
! the fortune at the end of lifetime"
! Senator Tillman said it would be
wise for the president to push his in
! heritance tax plan to an early conclu-
| sion, as John d. Rockefeller is getting
along in years, and the beauties Of an
| Inheritance tax could not be brought
| out to better advantage than by levy
ing on his mammoth estate when 1t
passes to others. He called attention to
William Waldorf AstOr, who, while a
| subject of Great Britain. enjoys the ac-
! emulation from rents and the in
! crease in value of his real estate
through the wonderful growth Of New
| York city.
/ "Our army and navy protects his
property from foreign foes" Senator
| Tillman said, while the police protect
{ it from domestic enemies. The abso-
lutte equity and necessity Of an income
I tax cannot be shown better than by
citing this glaring case. would much
rather see the agitation for an income
tax renewed for the purpose of again
testing it in the supreme court than see
an inheritance tax"
Senator Newlands of Nevada: Zine.
am in favor of that, and would like
to have it fixed at just my limit"
Senator Clay of Georgia: First rate.
have advocated that for long time.
The president is getting to be a first
rate Democrat"
Senator Teller of Colorado: ut is too
vague and restricted for me to express
an opinion about. We need fuller
exposition. do not want to pass judG-
ment until know more about it,
Representative Slayden Of Texas:
This out Herods Herod. 1t IS de-
mand for an income tax involving the
idea of Limitation because the tax is to
grow with the fortune until 1t becomes
| confscatory when the fortune gets be
yond a certain size. We Democrats
were denounced as Populists for advo-
eating such an idea in 1896"
Representative Padgett Of Tennes-
see: THE president has taken an out
post position far beyond where any
one else has ventured to CO."
Senator Overman of North Carolina:
an general am in favor Of an inner
itance tax and of an income tax, but
the inheritance tax should be left to
the states to levy and the income tax
to be levied by congress"
Representative Richardson OF Ala
bama: IF President Roosevelt contin-
ues advocating his Socialistic ideas
William J. Bryan will yet be the con-