The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-04-19
TWO SPECIAL TAXES
FOR WAR REVENUE
Will Yield Approximately $780,
100000 and Supply All
Funds Necessary.
MEASURE BEING CONSIDERED
Prominent Member Says Treas
ury Now Can Stand Heavy
Emergency Drain.
Especial to The T,mes-Dispa,ch. ]

Washington, April 1s.-War revenues
needed by this country, should inter
vention come through failure of Ilucrta
to make satisfactory amends by to-
morrow night, will be raised either by
doubling the income tax or by impos-
! ing a special stamp tax. or by both.
! 1t IS estimated that the proposed in
crease OF the income tax Will yield
an additional revenue of approximate
ly 100000, 900. Tho special revenue
stamp tax can be made TO yield an
taxes viii supply all the war funds
necessary at least at the outbreak Of
the war. should it follow present de-
velopments.
Heavier expenditures viii come with
the calling out OF the militia, but this
would come later. ii has been de-
cided by tho army experts that the
regular army will have To be augment
ed. if for no other purpose than TO do
patrol duty along tie Texas border
and prevent guerrilla invasion.
Members of the House Ways and
Means Committee have under consd
GRAFTON the war revenue measure. 1t
! days after the declaration OF war.
TO support the volunteer troops, to
provide for their transportation and
maintenance, IL is being estimated the
Mexico war may cost this government
$500 100000. Tile war revenue mea-
sure Will be so framed as to make
possible tho meeting OF all contin-
gencles.
In Good Shape Financially.
An influential member OF the Ways
and Means Committee. which will have
TO provide for raising money. said to-
day:
I'VE viii go into war with Mexico
II war must come, in far better shape
than We were financially when the
war with Spain. Our Treasury can
meet at this time heavy emergency
drain.
our land and naval forces are we'll
supplied with powder and shot: We
have our troops on the border and our
navy in Mexican waters We will be
surprising large quantities OF costly
munitions and in the purchase of
ships for the uso OF the navy
we can move our regular troops
on inc war Department approximations
ana our naval forces on funds under
control OF the Navy Department. We
are prepared, therefore. for immediate
needs.
There will be little Difficulty In
framing any new war revenue mea-
sure. we Will not have TO change our
tariff or internal revenue laws The
new income tax law gives us an ey-
celient opportunity to put the new
tax in immediate emergency use. ,us
tlFlng ono Of It's most important func-
Tons We can impose n special war
tax on revenue stamps, which has
been customary measure In missing
war funds
All tne agencies for collecting such
special taxes are nov organized and
III excellent working, order. There Will
DO little additional expense on tho
government in collecting the new
taxes, and the burdens from such taxes
Will fall upon those best able TO bear
them"
Special Stump Tax.
Under tho suggested special stamp
tax tho greatest sums to be raised by
Tie bill will ho distributed among tho
items In substantially the following
sums:
Fermcnted liquors. s35. 900. 900; to.
bacco. sl5.0o0.000: cigars. $4,000. 600:
tobacco licenses. $4,000. 900; stamp tax
on documents. etc. 100000 Other
largo amounts Will be raised on such
articles NJ wines, mineral waters
chewing gum. tonnage on vessels, tele-
graph messages, inheritances. ware
Eouse receipts. mortgages, passagc
tickets from tho United States to for
eIgn ports, and other items.