The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-03-01
THE HECKLING o. TEE COR
PORATIONS.

To THE Edition OF Ire SUN Str. Heck
ling by the Internal Revenue ComInis-
sioner at Warrington Of half a million
81 State corporations. little and bag. scat
tered over forty ak states, the District
% Columbia. far away Alaska AMI all the
Territories will begin tomorrow \
true and accurate disclosure u the inner
secrets Of thoss corporations, which have
done more for the economic prosperity
81 their country than hkve the EFFORTS ~
all the politicians 81 every party. must
then b. in the hands Of local internal
revenue collectors. their clerks and type
writer's. by the local collector the re-
turns must as received" be forthwith
cent 60 Washington. Here and th"re the
examination will b.Rin % gross income.
ordinary and necessary expenses of the
corporation. net income and assessment
% the tax Revenue agents viii h.
ordered to examine any books and pa
pers.- compel officials Of su@pect~d cor
IpOrations to attsnd and answer any qu"S-
tons regarding anything required m the
return. Everything from Alaska TO
Maine and Texas must h. completed
within three months. The taxes are under
the Law 20 be paid on or before the last
day Of next June. soon thereafter can
be- announced from here the total gross
income Of all the liable corporations IN
the country. their total yearly ordinary
and necessary expenses" and tho total
net income An the world will know the
official figures
There are "InsaIlar possessions a. yet
unincorporated and Ave ny name. Thcir
share capital associations are, happily for
them. untaHed by the new Law, Their"
is the District Of Columbia, In which, Wy
its name. the tax IL to he inflicted There
are also four Territories. hut Of those
only Alaska 10 named. The three others
are mentioned generally a. Territories
Whist significance is implied Wy that
special inclusion 81 Alas';a? Tho new
law embraces not only corporations and
Joint s'ock companies hut also -as-ocia-
lions organized for profit and having a
c1vit1I stock represented nv shares
Probably the returns from Alaska ara
relied upon An throwing needed light on
affairs in that Territory and on thu Raj
linReT- Pinchoi CONTROVERSY
The power Of the Internal Revenue Com
missioner under the regulations prescribed
by the Administration ~ bewilderinR.
Nothing but time will really circumscribe
his heckling All his assessments on
half a million returns must he made on
or before the last day Of next June. Be-
tween March I and June ~ he shall
Isays the law ascertain the difference
for example between the price received
by each end all msnufa curing COM
panies for products as sold and their
cost AS manufactured He must asCer-
tain all the ordinary and necessary ex-
penscs OF each and every of the half million
Of corporations. He must verify the legal
NV and necessity of each item.
When after President Taft's campai gn
Of education the Commissioner Of Cor
poraiions shall under the Federal corpo-
rations law get his hand on those com
nanies thc two commissioners can to-
gether easily make all corporations from
the Atlantic 20 the Pacific sit up- IN
Presidential or Congress election and
take notice Of Washington. {.
WAsHINgTCN. n G.. February -