The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1911-10-26
I,.sessssASy shaw Tslls Hos y
AftFaa Capital.

s0afieerlnE win ss in these sob
gmAs from time 60 AAt fes4e 6.
ne Msya ~ whitb We can Eesp hAH'
tea the realization " tMe GrtAjef
Fofnaaat. fer whgeh Ne are 81 bop
las people aEo cone 90 bnFlnE'
sUH. fIna 4 nrw atmosphere here.
ana Afe frea 20 express tbeif graf.
if.oafl1H aFeg the spirit - pfUSrwSs
NAirh Ia spreading cReG the common
wesa8h, aH0 % sn ether pafit oi tht
state
TIC movement ioy creator Yer.
n0at il attracting attention iar BE-
toEd The bofdegs u our state. tuo
We Lave published o number VI let
ters from prominent meH dealing
wiih various phases % the SUD
grst
We are ROW pleased 20 be- able
TO ureseni 10 our readers i letter
Hhkh the Editor ~ the Frce Press
bAa resolved from the Hon Leslie
~ shaw former secretary 81 the
rnifcd kialca treasury department
but nos president ~ the First MORT
gage Guaranty Trust company
one 81 tie most fpurishing of PM
sdclphiAs great fiaautiai lnalitu-
ti0Ra
II should b. stated by say 81
pref ace, that wbat former Secretary
AhhN has to say Is paullc9tly not
inrpiFed by any selfish cOnNdcra-
ton for II - Wsll-known fact thar
the larger pan 0t bis means u ia
vested 10 farm lands ia Iowa. the
state which be helped as governor
ana otherwise 10 brlnE 10 the front
IN a bIg political factor in the
West 10 an his manifold success
es la different fields r1-Secretary
shs " has never lpa his love foi
Vermont. aud 10 writes in tho H.
iefeNt ~ the people Of NY native
State After speaking In per
souai vein Secretary shaw c0ntiu-
nra hls pletter as follows
vermont Nas On6 uf ;be firft
States 10 antAg0ulEe capital and
she lost many millions uf dollars
3D. a. II I am rightly advised, the
sentiment Is e0meN hat changed and
she be how inviting capital There
is one way hy which she rAn add
many millions 10 her taxable pro-
pcrty Let her amend her consti-
tuition with a provision expressly
eaenpting moneys and credits from
TAXATION aBd expressly prohibiting
Inheritance taxes New York lew
led aud collected an inheritance tax
on the Hartman estate. and then
Utah collected Ia round numbers
~ .a09,Q00, because the estate held
Stoke IN Utah corporation
m Vermont viii make reasoHa bic
corporation laws aud forbid the IN
htiitHHce tax, which Is simply par.
tlai c0nflscaii0n. she viii get the
Bio corporations aad she can TAX
them 70 marked degree
lie volume Of unhoused money
u fabulous Most people prefer to
have a residence, but thousands OF
them do not They migrate from
place 10 place never vote. never
give IN their property for taxation
and Inform the census taker Of nos
tom that they live In New YORK n
the census takcr Of New York han.
pens TO find them, then they live in
London
The first State that makes it,
self q city of refuge VIII be covered
with magnificent estates owned hy
feiy wealthy people. and the tax on
t1ese estates viii be five times
what Vermont now gets from her
moneys and credits
am not writing this because
ana looking for a way OF escape but
because believe In the principle
Very sincerely yours.
L. NJ. SHAW.
We are gratified 10 receive this
letter from 70 emincnt finaucier.
&C e1-eeTctary Shaw has long been
recognized 10 be. because Il shows
that Nermont's awakening Is al
tracing attention IN the big cities
bat. above ALL on account IN The
~ atucal suggestions he makes f8l
Nc promotion q a greater VeF
mont
Our scenic beauties have alread
attracted some Of the great cap
iains Of industry trade. finance
transportation aud communication 10
vermont They have come in spltc
Of onF Indifference 10 a was. rather
than through any particular effort
OF our cart 20 encourage them
u VIII 10 recalled that Hon. i
81 Smith 1t 8g Alhans when Rovef +
nor urged the adoption al measure
thai Nouia encourage men 81 wealth /
~ locate IN Vermont. 6ui the time i
Nhs uDt iilN tee progressive stfp
~ tina, ehataatr.
Nefmenl needs more men of pro
iFPssite idtas and large capacity
= ithia fer borders "a two reasons
We WANT mare guuney for the deyel
9htlctt 81 NemtLts natural re-
sources and Sic need the addition
~ iHnds Ter FgECu public wofk
Nv SECRETARY Shaw spgResfR
u would be great thing FOR
vermont 10 attract big men who
Guild be6p us - device WAYS to uae
"a oNn capital Tor tbs develop- ,
tthi OF The states resources. Yer
rent ~ constantly sending money /,
2 ether sections Of THE country Tor I,
ftsimeut and thus helping ia
'nild az ibofe sections ~ Vermontw Z
AlNnae
y vermont can gei into the hab- !.
q doing things on larger ava !
aofe modern scale via can find en-.
.lpyment Tor more capital. and AZ Z
he same Time gcrare the same
From every standpoint Therefore /,
ie need Is attract men who have =
Aa TIE ability to organize large
scanss and 4 IL 10 be hoped fhst
: seerciEry shaWf letter mav ~
t4HV the Alteration % #...sas.-