The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1911-05-23
That Inpreonable Yaoht Tax.

nat ImpreSnabe Yacht AK
Marine Journal: That section of THE
annual tax of 81 per gross ton on the
use OF every foreign-built yacht owned
or chartered for more than six months
by any citizen of the United States, or
In lieu thereof a duty OF IS per cent ad
valorern, has manifestly become a per-
mansnt part Of the fiscal policy of the
government. No tariff revision that
may be undertaken by the Democrats
viii deprive the United States Of this
legitimate and welcome revenue.
The tax on foreign-bui1t yachts,
which are almost invariably large and
expensive craft, owned only by the
very rich. Is pre- eznAnently a tax on
luxuries and. therefore. believed In by
the Democratic party just as earnestly
or even more earnestly than by the
Republican. This tax has come to
stay, and those multi-nrillionaire
Americans who have fought 1t or may
continue to flght 1t are simply beating
their heads against a stone wall and
mourning the dertsion and resentment
Of their fellow countrymen-
Judge Hough's decision has supple
mented and sustained the previous de-
c1sion by Judge Moves that the tax
was valid IN law and clear and tusti-
fable in all of its provisions. This
later decision defines foreign-built
whatever the repairs, additions, or I'M
provements that may have been made
on 1t in America. 1t is significant that
since this law was enacted, the pur-
chase Of foreign built pleasure vessels
for use In American waters has prac-
tically ceased. The government will.
however, derive an income from the
large feet of luxurious foreign craft
already purchased and now in use In
this country by American nillionaires,
and the future construction Of these
costfiest Of pleasure craft be reserved
to American labor in American ship
yards. This is one real and important
dustry OF this country in the Aldrich-
Payne law, and certain to be confirmed
in all Of its successoIs.
Denny Brothers of Dumbarton, Scot
land, win construct a dock 900 feet
long. 100 feet wide, and costing $3,-
900, 900 at EsQuimalt, near Victoria. B.
granted them recently by the Canadian
government. This firm Is also to be
awarded the contract in the near flu
ture for the Pacific warshtps OF the
new Canadian navy. II Is antici-
pated that from four to five thousand
men will be employed in the new
plant
The Terminal at CriStobaL
The great terminal harbor which is
to be constructed at Cristobal on the
Atlantic side of the Panama canal
will include hve reinforced concrete
docks of q thousand or more feet in
length. A mole will be extended from
Cristobal Point, and between this and
the anchorage basin to the left of the
canal, the docks will be built To
construct this basin, in which vessels
will be permitted to lie without paying
tolls, II will be necessary to remove
some 100000 cubic yards of ma
terial. Work has already commenced
on the harbor.
Arrived.
Gretavale, Br SIS, Mcmillan, 2226,
Gulfport to Gulf Transit Co.
Clara, Aust IS, Paravich, 2541, Tam
pico to Gulf Transit Co.
Teresa, Aust IS, Tvanich, 1881, Gal
weston to Gulf Transit Co.
GeorgiaEa Roop, BIZ IS, Knowlton,
40s, Port Antonio to master.
Cleared.
Gretavale, Br IS, Mcmillan, 1895, for
Bahia Blanca, with LOLA tons coal.
Clara, Aust IS, Paravich, 2541, for
Venice, with 545 tons coal.