New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1909-09-26

tax, which he said seemed likely 10 pass the
Senate when the corporation tax was devised as
a compromise. He strongly urged that all the
states should adopt the proposed amendment TO the
Constitution make income tax possible. The
President declared that the corporation tax was
the hest form of income tax that could be levied
and declared that it contained many of the best
features OF the income tax law of England In
urging that the states should vote for the amend
aren't to the Constitution permitting the levying
of direct income tax without apportionng the
levy among the states and according TO their
population, he said It would be possible TO amend
the corporation tax to include within its
scope every desired feature Of an income tax
except that levied on incomes derived from actual
salary and professional services. He said he
opposed direct income tax except in cases of
emergency. and believed il 10 be a prime fault
in the federal Constitution that no provision was
made for a direct levy TO meet war time or other
extraordinary expenses.
AT Des Moines the President announced that he
would urge the establishment OF an interstate
commerce court of five members TO consider ap-
peals from rates fixed by The Interstate Com
nerce Commission He will also recommend leg
isIatfon TO prevent one interstate railroad company
from owning stock in competing line and TO
compel roads thus owning stock 10 dispose of
their holdings within given time. Legislation to
prevent the overissue of stocks and bonds and the
watering of stocks viii be stror gIy recommended,
the Presidents proposition being that no stocks
or bonds shall he issued except by permission of
the Interstate Commerce Commission after an in
quiIy has been made into their necessity"
Dear me"' exclaimed Busy Man. and the good
is only what YOU might call the first leg
his thirteen thousand-mie trip. How much new
legislation will he have advocated before he gets
home again2 1t would take two sessions OF Con-
gress at least 70 dispose Of the suggestions he has
made already. Amy person Of Importance dieo'
Governor John \ Johnson, sthe hope Of the
Democratic party. died in Minnesota. Edward p
Hatch. for many years president OF the drygoods
firm of Lord Taylor died in Vermont James D
smith, head of the brokerage house OF James D.
Smith & Co. and for twelve years chairman OF the
Americas Cup committee Of the New York Yacht
club died in Stamford. Conn. Captain William II.
FHctts, court orier II the Appellate Division OF the
Supreme Court ana widely known among lawyers
and Justices as BILLY" Tickets died in this city
For forty-two years he had been associated with
the Supreme Court first court officer then as
captain of the court squad, and later as crier of
the Appellate Division. Robert Hoe the third Of
that name and head OF T. Hoe & Co printing
press manufacturers, died in London. To his in
ventive talent was chiefly due the birth of the
color press"
seventy years old, but if he had not sprung from
rugged New York stock some Of the coiored sun
day supplements that flood this city would have
killed him ten years ago. Anything else happen
that ought TO remember
"A hurricane struck the Gulf Coast I'm the neigh
borhood Of New Orleans and destroyed about one
hundred lives and property worth s0o00OOj 1t was
estimated. Responding TO the letter Of the Public
Service Commission of July =. suggesting that the
Interborough Rapid Transit Company build four
track subway route up Madison avenue as a north
erly extension Of its present line. from the Grand
Central neighborhood President Theodore p
-hnnts OF that corporation sent to Chairman WILL