The Washington times., 1908-08-25
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will be made-may be expected further
| TO reduce revenues. Therefore the
| favor Of the new taxes. AS between
! increase of internal revenue eXaCtiOns
/ OF imposition Of stamp taxes, on the one
! side, and the income and inheritance
taxes on the other, there is small dOubi
which the mass OF people would prefer
They would see a chance to raise money
and at the same time eqUalize condi-
lions by setting up income taxation
Doubtless the fight would be long and
vigorous, but there is little doubt that
u would be won
Decision Was Close.
The Supreme Court had indeed de-
cided against income tax; but that was
a close shave, and a change or twO in
the court would make the law consti-
tutional; possibly as it stands today.
the court would feel that the measure
was compatible with the fundamental
law.
The problems related 10 interstate
commerce and interstate transportation
are so numerous and so widely under
stood now that hardly more than men
ton Of them is necessary. They in
ciude making a valuation Of the rail-
roads, increasing the powers Of the in
! II
more effective control Of rates, control
OF capital issues, supervision of the
physical operation OF carriers. giving
the commission power 20 suspend any
advance of rates or any schedule of
rates, pending investigation-these and
many other problems arise in connection
with the carriers.
Then there are the interstate COM
merce corporations in generating big
trusts. For these, the question OF cap
itaiization, of limiting their control in
their particular lines OF enterprise, OF
Federal Incorporation or Federal license,
and many others arise.
Money Commission Coming.
The monetary commission is Just re-
turning from scouting trip to Europe.
1t will present to Congress at the com
ing session some sort Of bill. The pres
ent understanding is that this bill will
be preliminary, aiming to correct de-
tails Of the present financial system, but
not to revolutionize it in any fUnda-
mental ways. Later. this matter of rev.
olutionary legislation may be expected
to come up; but not till the commission
has had more time, and has made study
OF the science of various monetary sys-
TENS. However even such q prelim-
ina ry and corrective measure as is now
likely, will be ample business for a
The Presidents project in conservation
Of natural resources is beginning to
impress itself on the country. Estab-
lishment of forest reserves in the AL
leghany country IS a great problem
alone, which is considered certain TO
command more attention before Il is
finally disposed OF. Waterways devel-
opu ent and water power conservation.
are striking aspects OF the same prob
lem. Each has its backing of devoted
specialists and enthusiasts.
What May Be Put Forward.
These are only suggestions Of the pro-
posals which might be put forward.
Postal savings banks and the parcels
post are due for serious attention. Gov
{ e,nment inspection and grading of
grains viii come in for more attention,
IL il receives an Executive impetus
Take all these things and heap them
on a Congress already burdened by
the great task of tariff revision. and il
is easy enough to understand why the
remaining months of the SiXtieth and
the first year of the Sixty Grst Con-
gress may be expected to be full of
trouble.
The tariff session doubtless will un-
dertake merely tariff revision; but it is
expected that. with the utmost prepara-
tion that may be done in ad ysnce, that
task will keep Congress here from the
middle of March till well into July and
perhaps later.