The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-05-24
GARY DECLARES
INCOME TAX IS
UNFAIR TO RICH
81 Cannot Look on 1t Except
as Start of Forcible Distri-
button of Wealth." He
Says in Speech.
WANTS STATE SOLONS
TO KEEP HANDS OFF
'Let Us Accept President Will
sons Remark That Honesty
Has Naught to Fear
From Administration"
BY International News Service.

by international news service.
NEW YORK. May 23.-Elbcrt H
Gary, head of the United States Stee
corporation, made stirring address al
the annual meeting Of the American
Iron and Steel institute. of which he is
president He appealed TO the men in
tho steel industry, particularly the
younger men, to be true TO themselves
and the mem they work for, as we'll as
honest in their dealings with each other
and toward the country He quoted
President Wilson remark that honesty
has nothing to fear from the Demo
cratic administration, and said
''Let us accept that statement from
President Wilson to mean just what he
said and let us feel assured.
Continuing, Mr.. Gary said:
There has been considerable re-
cession in our business. Possibly
this applies to business conditions
generally throughout the country
AS TO the reasons for this deprcs
. siou of course. there are financial
conditions throughout the world
that have some effect on our bust"
ness, indirectly, il not directly. I
suppose the European wars have
directly and materially, perhaps,
though | hope temporarily, affected
the general financial conditions
and markets of the world, Fortu-
natcly, the wars arc ended.
think perhaps, worse than the
conditions I have alluded to, GER
tainly so far as applies to this
country. is the disposition of legis-
lstive bodies to tinker with quos
tions they are not very well pre-
pared 10 discuss or decide.
regard as the most dangerous at
the present time the disposition of
legislative bodies to pass laws that
arc calculated to produce classes.
] think. for instance. the propo-
sition to assess the incomes OF men
who have incomes of more than
$4,000 and exempting the incomes
of those who receive less than
$4,000 per annum is one OF the
worst things that has ever hap
pened in this country, because ii
Immediately arrays 81 per cent Of
the people against 2 per cent Of
the people. ! have no objection to
an income tax when and as needed.
But to exempt 81 per cent of the
people and compel 8 per cent TO pay
these large sums of money is very
great mistake, and it is danger.
Gus innovation in this country, to
my mind. cannot look upon it ex-
cept as the beginning Of forcible
distribution of wealth, however
honestly acquired.
On the other hand, we have at
the present time before US the Dos
sibility, and ] think the probabil-
ity, of action by one department OF
government, the interstate com
merce commission, which is calcu.
lated TO produce very good results.
/ believe the railroad companies
will obtain the rights to advance
their rates per cent. I cannot
help feeling that the railroads are
Justly entitled TO an increase in
rates.
And, If the railroads do get this
increase. ] believe they will begin
to buy very literally Of our prod
ucts, and that will have a very de-
cided effect on our business.
The president OF the United States re-
Gently said that honest business need not
be afraid. Well. lei as be honest Let
US take him at his word; let us assume
he meanssexsctly what he SAYS So far as
we are concerned. let lis do the right
thing. the fair thing and the Just thing
ny every one we come in contact with
and all who arc interested IN our delib.
eratons and in our decisions"
Miss Elizabeth Jensen announces TO
her many patrons that the peony sea.