Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1910-01-01
TAFT TO MAKE no OTHER
RECOMMENDATIONS IN
MESSAGE.
OIL DECISION AWAITED
FOR FURTHER ACTION
Treasury Department Issues Statement
That Book Inventory Often suffices
As Corporation Tax Hasis-outIine
of Presidents Probable Suggestions
in Forthcoming Message to Congress.

Washington, Jan. LIT is under
stood that the Taft special message
about the trust will be very largely
a discussion of the subject without
specific recommendations for legisla-
ton. This message will be the first
OF the special messages which the
president will send to congress in jan
uary and probably will be ready soon
after congress reconvenes.
1T is probable that the suggestion of
a federal incorporation act providing
publicity of the affairs of corporations
will be the only specific recommends
ton in it. The message will be short
and to the point.
Would Classify Trusts.
The next special message will be
that upon the changes in the interstate
commerce act, upon which the presi-
dents views have been clearly given.
While the president has not and does
not now believe in the distinction.
good and bad trusts, he will urge upon
congress the necessity for establish
ing line of demarkation between ag-
gregations of capital as such and the
combining of enterprises with the in
tent to control prices
investigations which have recently
been made by the government. the re-
suits of which he has now at hand.
nave impressed upon him anew the ne
cessity for breaking the hold which
the trusts now have upon the markets
of the United States.
AWAITING Oil Deeis;on
Pending the decision of the supreme
court of the United States in the
Standard Oil case. the president do-e
not purpose to urge upon congress any
action other than the carrying out of
recommendation as to federal incor-
poration made by Secretary Naeei in
MS report from the department of com
merce and labor. He regards the trust
question of 700 great magnitude to per-
INIT 1t to go without stating his posi-
non against control of prices by this
method even until the decision of the
cctrt shall have been made known.
That the publicity which wond ac-
company federal Incorporation would
go long way to correct existing
abuses the president is convinced He
also realizes that this feature is likely
to be opposed by the corporations.
Aside from the publicity that world
be required the corp rations are rot
found to oppose seriously the proposal
that they be held accountable to a
single control instead of to the laws
of the several states in which they act.
Book Inventory Tax Basis.
At last, there comes a ray If h rye
from the treasury department, for the
corporations feeling blue over the new
corporation tax. 1t is found tina where
it is required the basis of the lax shall
be the result of an inventory or it's
equivalent, very often book inven-
tory, not an actual stock taking, will
serve the purpose. Where this is pcs
sible. much of the labor with tn"
imposing of the tax has given to COR
porations can be avoided.
That the lax shall be laid upon tie
result of figures based upon the c4ose
I of business at the end of the calendar
year is imperative under TIVE law, hut
where possible the acceptance of the
equivalent of an inventory does away
w p wha. would otherwise be hard
snip.
Many complaints continue to iie
made against the tax Mos. Of these are
as to the publicity feature and the de-
mand that books be closed on Jan. /