The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1907-12-03

HI ~ sooat atnn r~suem&ss to-
e~sa ~ wheat sgi.ist0n 90 H. sub
jsct can oui, a~eo.npisah = e~stsh
asacnns M sesslssA,a ssn ty Say
possibility guarantee The basinsas eesn
muaity sesfnst sAs ssssslss X sp~~ss~
tive folly Any more shan Il cen 9isrsn
To- m individual aga inst the sssulss :,
hia ~ltrasaHnnce Nb~n an tudi, siIis
mcrtnsrs his house To buy IN auto
mobile he invites disaster. and wis,
wealthy men or meu y hc pose ~ sas !
~ av unss.vnpulonsly or ftotishiy sacts
h become such indulge In r~skI~r
speculation. especially II II h aeeoal
panied Try dishonesty. they teorar,!s@
NIT only their own fAtnre. bat the 81
turs Of all their innocent fellow eiti
BAns for they exp,se The whole bus.
nsas community to pante and distress
cA~v nsv,ss rsr'H Ns~.
This country u definitely commit'~
TO she protective system. and any RI
FORT TO uproot II could not but caus.
widespread industrial Disaster. II
other words. the principle Of the pres
snt tariff law could net with wixdon
b. changed. But In 4 country OF snct
phenomenal growth ~ ours II In prob
ably we'll thst every dozen years or y"
the tariH laws should he carefully scru
tintsed 30 as 10 see that no excessive
or Improper dement's are conferred
thereby. that proper revenue Is provid
ed and that our foreign trade IL q,
coura4ed There must always be aS u
minimum tariff which will not oni.
allow for the collection OF an ample
revenue. but which will at least make
good the difference in cost OF produc
ton here and abroad that is the DIFF
ference In the labor cost here and
worker must ever lie a cardinal point
OF American policy The question
should lie approached purely from n
business standpoint, both the time aud
the manner Of the change being such
~ to arouse the minimum Of agitation
and to give the least play for selfish
and fractional motives. The sole con
siderat ton should he to see that the
sum total OF changes represents the
public good. This means that the sub
ject cannot with wisdom be dealt with
In the year preceding presidential
election, because as matter Of fact
experience has conclusively shown ths
| at such Il fine 1t IL impossible to g.
men to treat it from the standpoint st
/ the public good. In my Judgment u
wise time to deal with the matter !
Immediately after such election.
Income Tax and Inheritance Tax.
When our tax laws are revised u
question OF an income tax and An
heritance tax should receive the car
full attention OF our Legislators.
my Judgment, both OF thess tax
should lie part OF our system Of II
eral taxation. speak dindently abt
: the income tax because one scheme
an income tax was declared upconi
tutional by the supreme court. while
: addition 1t is a di@cult tax to adm
fektr In its practical working. aud gre
cafe would have to le exSrcised to :
that Ii was not evaded BY the VEL
/ npeeh whom II was most deslFa BE
have taxed. Nevertheledg kfaddat e
]. income tax OF the proper type woul
be desira bic feature OF federal taxa
ton, and 1t is to be hoped that on
/ may be devised which the supreme
court Will declare constitutional.
The Inheritance tax, however. is
far better method Of taxation. The
. & ~ r,,,AA ri II.
decide as to the terms upon which Il
man shall receive Il bequest from an
other. and this point in the devolntion
Of property is especially appropriate
for the imposition of tax. Laws ipl-
posing snch taxes have repeatedly been
placed upon the national statute books
and as repeatedly declared constifu-
tional by the courts, and these laws
contained the progressive principle
that is. after Il certain amount Is reach
ed the Request or gift in lie or death
Is Increasingly burdened and the rate
Of taxation is increased in proportion
10 the reniolene-s of blood OF the man
receiving the bcquest. These principles
are recognized already ia the leading
ciyilfzfd nations Uf tue WVtiu
Cermany's inheritance Tss.
The German law j. especially inter
estlne "a u~ because it makes Tie iu
heritarcc taN an imperial measure
while Hllntiug % the Individual stHi"s
~ the empire "a portion ~ the pr"
ce.sis aud permitting them 10 imp''~"
taxes iu addition 90 these imposed ht
~. hnp.rial government SmaA iuh"r
itknses are exempt. boot th. taA " Sc
sharply progressive that when The in
hsfitau,r !. -uI uot vets large, pro-
,ltled 70 q. Uuf au agriculture or fsr-
est fatsd f 81. taxed at me rate ~ n
f..g r,ut Ir I Eues f1 distant relative
Thsfr h Co., reason vhf iu the ui'Td
states thr untiaHsf government shNiiN
oct lmlp~v Inheritance taNes iu a'tl.
tfuN o. thtar OHff'~sai Us the staiHr
auI = h,.u so lost bad ava .nhesiisu
"a ahs,sH oae half ~ fhs states Istls-i
S4.h tHasa runFuffeHtIs wtfh fhs o.