New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-02
TO CALIFORNIA
Commerce Chamber Pleads for
Honor of Nation.
ALSO PROTESTS INCOME TAX
Finance Committee, Including
Vanderlip and Cortelyou;'
Oppose It's Methods.

The New York Chamber of Commerce.
at its monthly meeting yesterday after
noon, adopted resolutions protesting
against what was called CALIFORNIA;
threat TO impair the treaty obligations OF
the United States and strongly con-
dcmning the sections of the new tariff
bill providing for the collection of the
federal income tax at the source.
The California resolution was intro
duced by James G. Cannon. chairman of
the executive committee. and appealed TO
the people Of the Western state TO sub
ordinate whatever local irritation might
exist to the honor and welfare of the
nation. The attack on the income tax bill
was made by the chambers committee
or finance and currency. consisting OF
Frank 4. Nanderlp. George b. COrtelyou,
Joseph French Johnson. Alexander J.
Hemphill and Mortimer L. Schiff.
The committee confined its attention 10
the method Of collecting the tax, ignor-
Ing its ACCESSIBILITY and the proposed eX-
emptOn of incomes under 5000. AL
though it should be the aim OF the gov
eminent 10 make the collection Of revenue
llf'F~SdlN lOl us maintenance dS easy do
possible to the citizens paying it, the
committee reported. the actual applica-
ton OF the English system Of deducting
the tax at the source of revenue would
make the collection of the tax a more
serious burden upon business corpora
lions than was the imposition Of the tax
Itself
This system OF deduction at source,
the report continued. lis bound to cause
confusion. delay and dispute. as well as
disclosures of personal income to persons
other than government officials. heavy
burden will be placed upon every cor
poration making the deduction from its
interest payments. If for the purposes Of
identification every interest payment
must be separately earmarked.
AN enormous number of applications
will be necessary on the part of persons
who are wholly exempted from the tax,
I'm order To prevent deductions By the
corporations The expense and annoyance
and incidental injustice will necessarily
be- great
As result Of the committees report
the chamber adopted "A resolution calling
upon Congress to strike out the provisions
FOR deduction at source and substitute
provisions for the collection Of the tax
directly from individuals. with heavy
penalties for evasions. making IT obliSa-
tory upon those paving incomes TO file
with the government properly attested
statements showing the amounts paid,
and 10 whom paid. II also recommended
that corporations be permitted 10 deduct
interest paid on their total amount OF
debt the individual taxpayer including
i'm his return the amount OF income he
had received from that source.
Further resolutions passed by the cham
her condemned the present plans for the
OF Jamaica Bay. urged the
Legislature To- pass the bills now before
il. providing for the establishment OF
Department OF Purchases in this city
and authorized the executive committee
10 call a conference Of commercial bodies
for the purpose of arousing the business
men Of the state to the vital importance
Of selecting the best men In the common
wealth as delegates to the proposed con-
stitutional convention.
j. Pierpont Morgan was elected 10 the
vice-presidency left vacant by the death
OF his father. and \. Barton Hepburn
was selected to nh the dead mans place
i'm the board Of trustees. Among the ne"
members elected was Charles u. Hilles,
former secretary of President Taft.