The Mena weekly star., 1909-09-30
TAX CORPORATIONS.
PRESIDENT TAFT CHOSE THIS AS DENVER THEME INSTEAD OF
 CONSERVATION.
IS BEST FORM OF INCOME TAX
Declared the Law Recently Passed by Congress Contained Many of the Best Features of the English Law on the Subject


 Denver. Sept. 22-Making his way stlll further 10 the vest President Tan arrived in Denver In the Denver Auditorium. where year ago Mir. Bryan was nominated as his opponent in the presidential race faced crowd of thousands that in it's noisy welcome and continuing enthusiasm recalled some Of the scenes of convention week.
 President Taft. switching from his purpose 10 discuss the question of the conservation of natural resources in his Denver speech elected to take up the corporation tax passed as part of the Payne tariff bill and 10 defend it as aeaiust the proposition to Impose a direct Income tax, which he ac knowledged seemed likely 10 pass the sena,e when the corporation tax was devised as 2 compromise The presi- dent strongly UT co shat all the states should adopt the proposed amendment 0 the constitution. however, to make en income tax possible in time Of reed
 The president declared that the cor porasi0n tax was in itself the best form of income tax that could be levied. and pointed out that it contain. ed many of the best features of the income tax law of England. In urging that the states should vote for the amendment 0 the constitution per hitting the levy of direct income lax, with apportioning the proceeds among the states. according 10 their population, the president declared that II would be possible so to amend the corporation tax as to include within it's scope every desired feature of an in- come tax except the levy upon in comes derived from actual salary and professional services.
 The president said he opposed di. rect income tax except in cases of emergency and he believed fl to be prime fault in the federal constitution that no provision Is made for direct levy to meet war time or other ex traordinary expenses
 Mir Taft declared that it was the supreme court decision declaring un- constitutional the income tax law passed by Democratic congress some in congress during the session recent ly closed from including in the cor roration tax measure a provision for levy upon bonds and bondholders
 The president received most en- thusiastIc welcome to Denver. Signs were hung along the streets all over the city, reading: Welcome to Den yer. the summer capital1
 While here the president Is the house guest Of United States Senator Hughes. a Democrat. He held public reception of two hours at the state capitol
 Al the Auditorium after few pre- liminary remarks as to the extent and purpose of his trip through the west. Mr Taft tanched bfivfly on the tariff saying that while revision had been deemed essential. there were also a deficit in the treasury to be met This partly will be met by a cut of $40 ,000,000 to $50.000.O0O in the ap- propriations to be made by congress and partly by the income from the new corporation tax law. Mir. Taft said he had favored at first an inheri- tance tax. but the objection that the states had nreempted that field, had sufficient weight to defeat the propo- sition