davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1909-06-19
Al TIE WHITE HOUSE.
IFrom The Tribune Bureau-l

TE-rom The Tribune Bureau
Washington June 1S.-The President Is inA- a
the best of the short time left before ms .t
for his summer home at Beverly The nhal Cu''-.9 ~
down Of estimates in all the executive depart
in the interest of economy is being pushed, anu
the Cabinet to-day spent the greater par u -
hours and half in going over the estiiha'e9. & q
ticular attention paid 10 those Oh lAe Iu
partment. The President would Ike 10 u -.
estimates in form before he leaves Nashlns ION
and seems confident that his efforts to cut gov
the expenses of the government will result IN INC
saving of between S75,OO0,0O0 and slOo'VOo'Voo- -.
Contrary to printed reports, Mrs Ialt wiz "o
leave Washington next Thursday Ior Hei
home. No date has been fixed ,
Many letters are arriving at the Whlte fiouso
concentrating President Taft on his recent Hie9
sage These and the assurances OF nehpeIS L
both branches of Congress are especially gratylns
to President Taft. 1t not likely that the fleSi-
dent will be able to answer all these le''eiS' " ~
did those he received after his election
The President is looking and feeling much peter
since taking his daily exercise. Up 10 sIoi'
time ago he was at his desk from carry hlOi 7
until late In the afternoon, not even taxing liI nm
for luncheon Instead he ate little IruII VIM
working He would then take horseback rloe
with one of his military aids, and usuaHS oA
Saturday afternoons he would play golf NO" Nc
takes luncheon about 100 o'clock, and IN the Id7'
week has not returned to his desk in the aiteIHo
but has spent his time the golf links ana Is
much the better for it, He left the NIhte houS0
for the links early this afternoon with Senator
Bourne General Edwards and t-.o OF his aios-
The Presidents callers included Speaker cannon
REPRESENTATIVES Gaines, Madison. ByrnS, D"lsht'
Mcguire Bennett and Mckinney and eA-Fepre-
sentative Lacey.
The President and Mrs Taft are entertaining
their brother-in-law Professor Louis More, and ms
con Iobn More who have arrived for a few days
visit Mrs. Taft's sister. Mrs More. has been her
guest for several weeks.
New-York tribune., 1909-06-19

interest would have 10 be met out Of capital II
there happened to be no profits
To constr1Ie net income as including money
used TO meet fixed charges would also throw 4
multiplied burden of taxation on the holders oil
the common stock of corporations. They would
have 10 nav first the share of the tax levied
nominalIy on the bondhoIders, theh ule Sh"S
levied nominally on the preferred STOCK hoiueIs'
where a given rate of interest was guaranteed
and last of all the share OF the tax levied on
their dividends The bondhOlder would get his
interest without deduction, and the preferred
stock holder his fixed dividend according to CON
tract Those two charges would reduce the
dividend fund left for the common stock, and
then the common stock holders would have To
nav the full - per cent excise charge on their
allotmPnts The holders of bonds and specially
protected securities would be immune, and the
real owners Of the enterprise, those who take
the risks of the venture and give their capital
10 promote trade. industry and manufacture,
would be called upon to bear the cost of tax
not alone on their profits, but on the guaran-
teed payments to preferred stock holders ana on
the interest due on bonded Indebtedness.
If bonds are to be taxed they must be taxed
directly as personally or as incOme-producing
capital They do not seem to he reached by the
device Of taxing the funds out Of which corpora
tions pay interest But if the bondholders and
preferred stock holders are to be exempt under
the proposed plan for taxing the net income OF
corporations. It would be unjust for the govern
mpnt To tax them in appearance only while
really collecting their share of the excise from
the overburdened common stock holders.
New-York tribune., 1909-06-19
NET EARNINGS OR NET pR0FITsg

Some differences Of opinion seem 10 exist as
to the scope Of the excise tax on the net income
of corporations recommended 10 Congress in
President Taft's recent message. In that mes
sage the President said:
therefore recommend an amendment to the
tariff bill imposing upon all corporations and
1oint stock companies for profit except national
hanks otherwise taxed. savings banks and
building and loan associations. an excise tax
measured by per cent on the net income of
such corporations This is excise tax upon
tae privilege Of doing business as an artificial
entity and OF freedom from a general partner
ship liability enjoyed by those who own the
STOCK
question is now raised as 10 what consti-
tutes the net income of a corporation. Does #
mean net earnings CT net profits: Is the fund
subjected 10 2 2 per cent tax To he limited 10
the profits available for dividends TO the stock
holders Of the corporation does it cover in
terest TO be disbursed Oh bonded debt and guar
anteed dividends on preferred stock? In other
words. are the operating expenses alone TO be
deducted from the net income or the operating
expenses plus the fixed charges:
We are not disposed 10 credit reports from
Washington that the per cent tax is 70 be
levied On the net income minus operating ex-
penses only Such tax would work very in
eouitably IN practice II would be a much
ggester burden 10 the less prosperous corpora
tions than 10 the more prosperous and would
therefore not ht the definition Of the proposed
excise tax given hy President Taft--that it
would be "a tax upon success. and not failure 3"
For example. A corporation with a large
bonded debt and relatively small earning pow
CTS would have 10 pay as heavy q tax cor
Iorafion with small bonded debt and larger
earning capacity and profits The tax would
not be on profits, but on profits plus obligations
and there would be many cases. no doubt in
which corporations making no profits would
have 10 pay a considerable tax On debts repre-
santed by outstanding bonds The bond interest
could not be cut down. because it is protected
by contract. The 2 per cent tax on the bond
New-York tribune., 1909-06-19
FOOD AND POPULATION.

Dean Davenport Of the University of Hi
nois is troubled by much the same sort of mis-
givings which Nautilus built up reputa-
ton. At the graduation exercises of Il Rhode
Island institution of learning this week he pre-
dicted that hundred years hence this country
wonld have a population Of 100000 OOO and he
fears that at that time there will he a scarcity
of cheap food.
But in some of his calculations Professor
Davenport is wide of the mark. The popula.
ton of the United States has about doubled
every thirty years. With 7I,000 900 in 1900 it
would. according To that reckoning be reason
able. perhaps, to look for ,232 600 900 in 2O2O-
or considerably less than he estimates. even
though twenty years be added to the period
he has in view However, there is no assurance
New-York tribune., 1909-06-19
IN wAsHINeToN SOCIETY,".

rF'rorl The Tribune EI-e1uI
washington June lS.-The NiCe-PTesldeut VIII 20
10 his home in Utica tomorrow 10 join Mrs Sher-
man and their family who settled there for the
summer He will return here on "Wednesday
Mrs stephen b. EIkins and Miss Katherine
F.lkins left Washington to-day for New York and
viii sail tomorrow on the Laplaud to spend the
summer In Europe. Mrs Elkus will follow her
custom OF spending ;he greater part Of her time at
curative baths.
Mrs Robert r Hitt closed her Washington house
TODAY and went TO New York. She VIII sail on the
Tapland Tomorrow accompanied by her son VIII
lam r r Hit. They viii spend the summer
abroad Mrs Hits house in Du Pont Circle
IS nearing completion and viii be one Of the
largest and best appointed homes at the capital
Mr. and Mrs s II. Vandergrift and their daush-
ter Miss Alice Nandergrft. closed their house here
to-day and went 10 their summer home in the
.Thousani Islands They will spend month az the
Virginia Springs in the fan and return here IN
Novemb-r.
Mrs George T. Summerhu has gone TO Winter
green Island Clayton y. y. To join her parents.
General and Mrs John a Johnston Captain sum
merlin will join her there later IN the season
Major General and Mrs. Alfred r; Bates have
closed their apartment in the Connecticut and have
gone 10 PittsfeId Mass. to open their home ON
Windsor Mountain for the summer
Mrs Preston Gibson has gone TO Manchester.
Mass To- toin her grandmother. Mrs James No
MILAN at Eagle Head her summer home They
will spend some time i'm motoring through New
England
New-York tribune., 1909-06-19
NEW YORK SOCIETY.

Miss Rosalie Hinckley. daughter Of Mr. and Mrs
Samuel Parker Iuckley, will be married 10 Cor
uelius Wendell Wickersham. son or Attorney Gen
eral and Mrs Wickersham. this afternoon I'm st
Johns Church Far Rockaway. Long Island Miss
IauIlu. Bollton and Miss Marian Stevenson Will be-
the maids Of honor and the bridesmaids VIII inciud"
Miss Agnes Landon. Miss Corneia Lee Miss
Valerie Hadden, Miss Marjorie Motley. Miss Grace
Moore and Miss Horteuse Rowland Julian Iiinek
lev will be the best man and Newbod Herrick r
peIano Putnam W. G. Graves. Dr. D. r. AyreS.
Quincy Peters. Howard Turner and Samuel Hlnch-
ley will be the ushers. The ceremony will he per
formed by the Rev William H. Nelson, an uncle
OF the bride, and wedding breakfast VIII folio"
New-York tribune., 1909-06-19
THE WARNING or BUNKER NM.


The historic relation between Bunker Hill
and Independence Day is close. SO, it may be
assumed is that between the present day cee-
brationS OF their anniversaries. AS was the
celebration of Bunker Hill Day on Thursday
last SO will be the celebration of independence
Day fortnight hence; only that the latter Will
SurpasS the former the whole United States
exceeds the Hub and its immediate environS.
That is precisely as it should be, if the char
acter of the celebrations were what it should
be But what is that character:
Yesterdays dispatches told Us. graphically
and grewsomely. There is little if any eXag-
geration in saying that the list of MANNED and
injured in Thursdays Bunker Hill celebration
almost rivalIed the list Of wounded in the
actual battle Of 134 years before. We are told
tLat I19 persons were treated at the hos
pitals and many more at their homes 1t IS
probable that the latter were considerably more
numerous than the former If they were % per
cent more numerous then the total number of
casualties was half great as that Of wounded
in the battle which was being commemorated.
And that in a single year, If we could recapitu-
late all the casualties IN such celebrations in
past years we should have a tribute 10 Moloch
in times of peace which would make the
slaughter roll of look small indeed. True
the dispatches add that there were no serious
casualties" but there is unhappiy only t""
much ground for expecting that among the
scores Of sufferers from wounds inflicted 10y toy
pistols and firccrackers thcrc will be developed
numerous cases Of one OF the most painful ana
most surely fatal of all human maladies.
Two weeks hence we shall have the same
sort of orgy in New York and, with few
enviabe exceptions. all over the United States
There will be q report of deaths and maiIn-
iugs which will shock the public. and there viii
re many imIaSsoncd demands for abolition or
such barharism and then. 1t Is 10 be feared
the subject will be dropped, and another year
will see the same programme repeated; some
fatuous folk WHO ought To- know better ana
who could reform the business If they would eN-
claiming as some have done within she last
few wce5S-"Lct the boys have their fun. The
more racket the better" Really. on the Fourth
Of July nothing will be so much needed ms q
new Declaration of Independence. humane
and enlightened declaration of independence of
the traditions which have grown mp about the
anniversary of our natal day and have made
It a day to he dreaded instead of welcomed.
and in too many homes a day Of bereavement
instead OF rejoicing.
New-York tribune., 1909-06-19
THE DIPLOMATIC CORPS.
rr-ro-, Tho Tribune bureau

From The Tribune iuF3a--i
Washington June 1s-Baron Takahira VIII re-
turn to the japanese Embassy tomorrow after an
absence OF several days. in which he has visited
and made addresses at the University or Michigan
and the University Of Illinois He mace tile cum
r1encenlent address at Champaign on Wednesday
and received the honorary degree Of Doctor or
Laws.
The Spanish Minister went to New York to-day
preparatory TO sailing for Madrid
The Mexican Ambassador and the Mexican nrSI
secretary returned to Washington to-day from
Philadelphia where they went yesterday to attend
a dinner.
Commander Nebolsine. the retiring Russian naval
attache. who has been at the embassy here SeFefd
wears will 40 20 New York tomorrow preparatory
To sailing for St Petersburg He mas been enter
tained almost constantly for several DAYS by his
colleagues in the diplomatic corps. and on Wednes-
day night the members Of the Russian Embassy
staff entertained him at the Metropolitan Club
Nine NeboIsine and her children returned TO Rus
STA a wear ago.
New-York tribune., 1909-06-19
THE DEFENCE or GREAT BRITiIy.

THE DEFLNfE or GREAT BRIJliN-
The recent gathering Of British journalists
from all parts Of the world in London was. as
our correspondent at the capital has reported.
made the object of some bantering and good
natured satire by Engshmen themselves he
cause of its Obvious surplus of social entertain
ment and supposed deficit Of practical work for
imperial consolidation. Perhaps that state Of
affairs inevitable, i'm existing circumstances.
There has for years been much talk about i'm
perial federation. consolidation and the like
but. as our correspondent aptly reminds us.
little has really been done. The reason is easily
10 he perceived. The fiscal system Of the United
Kingdom stands in the way. So long as the
heart Of the empire refuses TO put itself in ac-
cord with the other members, so long rs Great
Britain declines 70 reCiprocate with the Greater
Britain. there can be no true imperial fedora
tion or union. Mr.. Chambersn had several
motives Of high public Importance for beginning
that tariff reform movement which now seems
10 be gaining irresistible strength but if he had
had other than that of welding together the
various members of the empire more closely and
benefcently, that would have suficed.
The press congress had however. at least one
very practical effect Of great importance II
gave occasion for the demonstration of the sub
stantial solidarity of the British nation on the
subject of defence. We do not refer now to
the display of warshps at Spithead. impressive
as that was, but rather TO the addresses of
three representative statesmen who are widely
separated in politics. but who in patriotism
show themselves unit. These are Lord Rose
berry. formerly Prime Minister and the chief
representative OF that earlier Liberal lsm of
which Gladstone. Forster and Bright were OK
empars: Sir Edward Grey. the present For
eign Secretary and one Of the ablest OF the
statesmen who have borne in many genera tions
his distinguished name. and Mr. BaIfour for
nierly Prime Minister and leader of the Con
servatiye or Unionist party. Lord Rosebery
and Sir Edward Grey spoke with the Iucidity
and force which are characteristic of them coo
New-York tribune., 1909-06-19

that the past rate of increase will continue.
With one possible exception, there is nc other
country in the world the population OF whlch
has of late grown as has that of the Unlted
States Should legislation check the flood OF
immigration, and only a slight diminutlon oc-
cur in increase Of native born Americans, there
might be not more than 7O0OoooOO or ooV,
100000 mouths to feed, instead of 1,4Oo'ooo'OoV'
a century hence
The rest of Professor DavenpOrts calculation
is likely to prove at least equally inaccurate.
He ignores the enormous areas of fertile land
in other countries which yet have a much
smaller population than the United states.
Though he alludes to some of the improve
ments in methods of cutivating the soil when
are beginning to enhance its productveneSs, he
seems to be unfamiliar with the progress re-
Gently effected in the manufacture OF artlncl1I
fertilizers by the "fxatiOn" of atmospheric
nitrogen. According to reports presented at the
recent international congress of chemists In
London, that industry is now carried on sue
cessfulIy at four or five places in Norway, and
arrangements are being made to enlarge the
output of the older plants and to eStaDllsh ad-
ditOnal factories. At present the quantity or
nitrites and nitrates thus produced is compara-
lively small but a limit can hardly be placed
on the quantity which might be made avail
able The requisites are air, lime and power
or the 1rSt ana second Jne edFJn mas lucAHiuSC-
ible supplies. and only readily conceivable i'm
provements in the methods of utilizing tidal
and solar power are needed in order to put Mt
mans disposal two resources which promise to
endure long after the last ton of coal has dis
appeared, and which are ,immeasurable in eX-
tent.
The real question in Professor Davenports
mind seems to be. not whether there will be
any food at all century hence, but whether II
will be cheap. On that point, however, he may
he undUly pessimistic. Without reckoning on
Unforeseen advances in civilization, there is
apparently quite good a prospect that food
will cost less than it does now at the end Of
the twentieth century as there is that it will
cost more
New-York tribune., 1909-06-19
SOCIAL NOTES FROM NEWPORT.

[Bv Telegraph TO The Tribune
Newport June 1S.-It was learned to-day thas
Mrs Vanderbilt intends 70 open The Breakers tbs
latter part Of the season
Mr. and Mrs. Pembroke Jones and Miss SADIE
Jones returned from New York to-day.
Colonel c. L. F. Robinson has returned from
Hartford.
Mrs John r DrexeI. Miss Drexsl and W H1is
Nelson left here to-day for Philadelphia
Mrs S f Huntington was a dinner hostess at
RroadIawns tonight. and Mrs. Elisha Dyer enter.
talned At. luncheon to-day
D. B. Fearing took few friends to ts
saliantum Club to-day for luncheon
Miss Alice DrexeI. daughter Of Mr. and Mrs
John r DrexeI. IS to be introduced during the
son ar a large dance which Mrs. Drexei VIII giYa
Philip A Clarke. @. ". Dolau, George 4. Bel
fanin and Charles p. f. Gilbert registered at TIE
Casino to-day
Beachbound. in Harrison avenue. IS being opsasi
for the Homecoming of Mrs Alexander ; ClsrEs-
Mr. and Mrs William SJorrs Wells. Hugh D.
auorfncloss. Mrs F. c. Post and hermann Oe.-
rfcbs. ir. have returned from New York Ms
Griffin. Of New York City. arrived tonight and g
the guest Of Mr.. and Mrs s -d1ey Webster
Mrs James B. Haggin arrived for the season To-
night
Mr.. and Mrs Robert GoeIeU are 20 20 abroad
after Nj GoeIet returns from a Canadian fishing
trip.
Mrs. w. :. Nelson and 3lr- and Mrs William
Murray. OF New York, have arrived for the sum
ruer.
New-York tribune., 1909-06-19

cernipe the sInren1e necessity Of maintaining
the naval defences of Great Britain at stand
ard which viii leave no doubt of their unfaillng
efficiency: and Mr.. BalfOur, speaking IN IKE
strain declared that ne exactly agreed with
every word which they had said. There can be
no doubt that this is the sentiment of the over
whelming ma iority of thoughtful men through
out the triple realm. Whatever else is done or
is left undone. they agreed that British
command of the sea must be kept beyond
danger.
II is reported that some resentment at these
utterances is expressed in Germany. We can
not believe that it was widely or deeply felt, or
was characteristic of the responsible German
mind. For since Germany is making at the
present moment far more strenuous efforts Tor
naval expansion than Great Britain it would
scarcely be consistent for her to complain OF
British dockyard activity. Nor is it to be for
gotten that not long ago Great Britain directly
proposed to Germany cessation or limitation
of naval expansion and Germany declined to
consider it. To recall those facts Is not, OF
course. to reproach Germany. She has acted ana
is acting entirely within her right, and doubtless
with motives void of offence to any other power
We cannot. therefore, believe that she resentS
the doing Of The same by other nations Nor
will the fact which was emphasized by the three
speakers whom we have named be ignored or
challenged by fair-minded men in Germany and
elsewhere that logically there is greater need
of British naval expansion and greater justfca-
ton for it than for that Of any other power
That is because. as Tennyson put it. the fleet
of England IS her all in all" Without fleet
capable of defending her Great Britain would
be defencelesS and the prey of any strong In
vadfng power But nobody in his senses
imagines that Germany is dependent upon her
fleet for defence. If she had not n single war
ship aloat she would be as secure against in
vasion as she is to-day. There is the radical
difference. which makes the matter Of naval
defence of supreme Importance to the Unitel
Kingdom.
New-York tribune., 1909-06-19

FRANCHISE TlT CASES ~ THE COTRTS.
The calling by Governor Hughes Of an extraor-
binary term of the supreme Court in the Sth
Judicial District to sit in Buffalo during July
10 str;ighten out disputed franchise tax cases
under the new law gives promise that after
series of years and numerous disappolnmcntS
some final disposition of these cases may he
reached Admittedly. the referee system. which
the new law favored by the Governor and the
Attorney General practically abolished was a
failure Not every referee to whom franchise
tax cases had been given for disposal had been
unable to finish his work but so large Il pro
portion of them had left their casces undiSpoScd
Of and so many had apparently even neglected
them or purpOscy let them drag along, that the
result was not far short of scandal.
TO some extent this result might have been
forcsecn from the way In which the referees
were chosen. Selected hy stipulation between
an attorney general and the lawyers for the
companies disputng the franchise tax assess
mcnts it WAS probable that in many instances
men naturally friendly 10 the protestauts would
become referees. The list Of eases on file In the
states law department showed this 10 a marked
degree It showed. too. that the greatest diff
CultieS in the settlement Of these disputes
were encountered where the degree Of fricndi-
ness through past service Of the companies, or
otherwise. was supposed to he strongest These
conditions existed under attorney general
of each of the great political parties. while the
disputed taxes piled up TO the amount of about
S4l 100000 of which some S260000O0 belonged
in New York City. To Attorney General ONaI-
ley belongs the credit for suggesting p system
under which interminahle delays would be i'm
possible and for pressing Ia adjudication law
suits involving questions allied 10 this subject.
The Supreme Court in special term is not likely
to desire unduy to prolong the consideration Of
the objections brought by public service com
panies 10 the amount Of their tax assessments.
The publicity attendant on court trials may also
lessen the temptation to frequent and extended
adournmentS