The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-12-05

IA. L.
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Not PrOhiDiJ All.
Continuing this discussion further he
SAYS:
The actual vvo,lsi~- OF cur laws has
shown that the error, f, rrohihit an com
bination good ar b.a ts roNioiis where
IL is not necessary ineee-tive. Comhina-
ton OF capital like continuation OF labor -
n necessary element az our present in
dustrial system. II is NOT possible com
ulerelv TO prsvont IL. and II II were pos
sible. such complete prevention would 10
damage to the body polite. What We
need is not vainlv &C. try % prevent all
combination. but 70 secure such rigorous
and an, adequate control ana SUPERVISION OF
trin,. fho T,'ti;- as ~, s.,.- -,
as fnevitablv 20 +b~.,...,, IN i,,r,- Tor a..
mere fact that f., oorrt.-,.+ior, has eec,,rrs
practically cornnle+e control ~ n neras-
sarv Of life vronl5 r-ser any cf~,iro-
stances show MAJ s,.t continuation ,,q's
10 be presumed to be diverse TO the puh-
lie interest. II is nrf,-f-Inate tbat our
present laws shotl1 +.-fid an conbina-
tions instead OF sr,--i,- dlscriu,inatinr
between those cor1,l f-.,.fons which 40
good and those combinations which do
evil Rebates for frstart-a are "a of+a,
due to the press,i~a r- bir- SINNERS fas
was shown IN the irvestieation % me
Standard on Couparv and as has been
tobacco and sugar trlstsl as 20 the initia-
tive OF big railroads often railroads
would like to combine for the puroose
Of preventing "A big .r.rrar from, r,sin
tanning improper adv. ntages al the eN-
pense OF small shipuers and of the general
public. Such a combination. instead of
being forbidden by law should be favor
cd. In other words il should D., ,orr,it
ted TO railroads 20 make agreements mo
vided these Agreements were sanctioned
by the interstate commerce commission
and were published with these two
conditions complied ufth il is impossible
TO see what harm st-rh a combination
could do T. the puhr. at large.
TpLa-;+ar-a IT,
o.
ne PRESIDENT has ms 10 say regard
ms the inheritance tax
Inc question OF taxation is difficult IN
any country, but u Isl especially difficult
IN ours with It's Federal system of gov
eminent. some taxes should on ever,s
ground De levied IN small district for
use III taat district Thus the taxation OF
real estate is peculiarly one for the inn
ine4lste lccality IN w-ich the real estate
is iolhu. Again. there ls no more lcgiti-
l-l-te TAX TOT any state tnan tax OF the
li-ichlses conferred ny that State upon
s-iee- raiiTe2es and similar corporations
"".'n operate Wnout within the state
''--+@aIles' sometimes IN one and some
e-il'eS DID several municipalities or other
i'-4-ioI DIVISIONS or t-c State. But there
are many KINDS or taxes which can only
De leNled 10y the general government 80
as 70 produce the best results, because.
among ptAer redsctHs the attempt 70 inn
pose lnem % one particular State too Of
gan Iesuil7 merely ~ driving the corpora
toa or hdiF lcual affected % some other
4ocality ot other state The national gov
Iiille-l mas IONS derived It's chief reve-
nee li-in tariu GA imports and from an
internal or excise tax In addition 90
rrr- or 80 ever, ~ ,a 1SeSGn WY when
the natouai governent ehou,s in,noee
@ graduated Inheritance tax. and. if pos
STOLE. q graduated income tax The ma,
~ great wealth owes a peculiar obliea-
ton 60 the state because be derives sue-
c.al advantages from the mere existence
~ government. Not only should De recog-
r-ze tais obligation IN the way he leads