The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-03-02
BAILEY PLEADS For
INCOME TAX
CONTINUED From First page.)

CONTINUED From First 2ageD
publican friends are busy olarreiing
among themselves. They cannot hear
| the rumblings of dissatisfaction tina,
| are spreading all over this country
| Calls Decision n "ArOnstrous Absurilit,"
| Criticising the Pollock case as a
| "monstrous absurdity." he declared
| that In II the Supreme Court by vote
| Of TO had decided that an income
! tax could not be laid on incomes arts.
Ing from land without apportonment,
because in Its conception there Is No
distinction between rent and the righl
to collect rent"
II studied law in Virginia said the
Senator, under the greatest law pro.
lessor who ever adorned seat OF
OF no palmer and clearer exposition
of real property than volume two OF
his Institutes, from which I learned
that there is clear distinction be-
tween rent and the land from which
IT Is derived. The decision of the
Supreme Court says that tho money I
get from rent of land is real estate,
but any man Of ordinary sense knows
that is not so.
II do not think this law Will he adj
n1inistered wrongly" he continued.
since ! have been in Congress. I have
known about 1000 public men there.
I have not known more than ten who
were dishonest or rascals. have
known more hypocrites in the pulpit,
But in Congress there is an awful
sight of fools and more towards than
either. Yet DO not think the repub-
lie in danger from vcnality."
Tax Those Who Cnn Bear II.
The proposition TO tax only those
incomes which amounted to $4,000 and
upward. he said, is based on the prin-
ciple that such tax should be i'm
posed on those who can bear 1t with
the least inconvenience, the rule laid
down by Adam Smith more than
century ago. People whose incomes
were below that paid much Of what
they received back TO the interests
and were barely able to live com
fortably.
Time and time again, he asserted.
Congress has laid income taxes. He
reviewed at length the caseu in which
the tax had been tested In the courts
mentioning the Virginia case of fT95,
where certain Nirginian was com
PEELED by a decision OF the United
States Supreme Court to pay direct
tax on 900 chariots, which he de-
clared he kept not for hire. but for
MS OWL personal use.
Reductions OF Tariff.
The necessity OF the revenue from
income taxes Will arise he pointed
out. when a reduction in tariff duties
is brought about. That reduction will
create the need for more revenue.
While it will have the beneficial ef-
feet OF compelling the American man
ufacturer to reduce the price of his
goods the treasury, by such a move,
will be depleted, and the only posi-.
BILE way TO make up the deficit is by
levying an income tax under the pro-
posed amendment
He emphasized the necessity Gre
ated by such situation, and stated
that there Is no hope of cutting down
the expenses of the government, crit
icizing in caustic style the money paid
out to retired army and navy officers,
and the proposed civil pension retire
ment fund.
Concluding his argument, Senator
Bailey said: The General Assembly
Of Virginia has a glorious opportu-
nifty to take the lead in this movement
for a more democratic system OF in
come taxation. Let us hope that the
doctrines of Jefferson may again be
enthroncd in this mighty nation