The weekly register. [volume] (Point Pleasant, Va. [W. Va.]) 1862-1909, 1906-12-26

OoAA 10 onPtOyC0a no0 uouH1 AoWA
establishing the rate Of interest
The effort of the employer to settle
differences without arbitration has
done much 70 embitter him sgainsl
those who work for him and to
estrauge them from him-a CON-
dition deplorable from every stand
point. But If it is unWise to make
the employer the sole custodian OF
the rights and interests of the en-
lployes. il is equally unwise TO give
the employees uncontrolled authori-
ty over the rights and interests OF
the employer. The employees are
no more to be trusted to act IN
selfishly and Enthusiastically than
the employers. In their zeal to
secure a present advantage they
may not only do injustice but even
forfeit q larger future gain The
strike. the only weapon Of the en-.
ploye at present. is a two edged
sword and may injure the workman
as much 40 the employer, and even
when wholly successful, is apt TO
leave q ranking in the bosom of
the wage Garner that ought not TO
be. Society has. moreover, some-
thing at stake as we'll as the en-
ployer and employe. for there oan
be no considerable strike without
considerable loss to the public
Society, therefore. is justly in de-
manding that the differences be.
tween capital and labor shall be
settled by peaceful means. If a
permanent, impartial board is GREAT
ed to which either party of an in
dustrial dispute may appeal or
which can of it's motion institute
an inquiry. public opinion may be
relied upon to enforce the finding.
If there is compulsory submission
to Investigation it is net necessary
that there shall be compulsory ac-
oeptanoe of the decision, for full
and fair investigation will in almost
every case. bring about settle-
ment.
INCOME AND INHERITANCE
(Frcm Mr.. Roosevelt's Message.)
The questi IN of taxation is diff.
cult in any country. but it is es-
pecialIy difficult in ours with its
federal system of government
Some taxes should ON every ground
levied in small district for use in
that district. Thus the taxation of
real estate is peculiarly for the i'm
mediate locality in which the real
estate is found. Again, there ie
no moro legitimate tax for any
state than tax on the franchises
conferred by the state upon street
railroads snd similar corporations
which operate wholly within the
state boundaries, sometimes in one
and sometimes in several munici-
palities or other minor divisions of
the state. But there are many
kinds of taxes which can only be
levied by the general government
90 as to produce the best results.
because. among other reasons, the
attempt TO impose them in one par
tioular state too often results mere
ly in driving the corporation or
individual affected to some other
locality or other state.
The national government has
long derived it's chief revenue from
a tariff on imports and from an
internal excise tax. In addition
to these there is every reason why,
when next our system of taxation
is revised, the national government
should impose a graduated inheri-
lance tax, and if possible, a gradu-
ated income tax.
The man of great wealth owes q
peculiar obligation tc the state,
because he derives special advan-
tages from the mere existence OF
the government. Not only should
he recognize this obligation in the
way he leads his daily life and in
the way he earns and spends his
money, but it should be recognized
by the way in which he pays fol
the protection the state gives him
On tho hand. it is desirable that he
should assume his full and proper
share of the burden of taxation; on
the other hand, it is quite as nee.
essary that in this kind of taxation,
where the men who vote the tt ]
pay but little of it. there should
be clear recognition of the dangel
of inaugurating any suoh system
a.za IN q anivik of ant;ra ioa4;o.