The Bridgeport evening farmer., 1916-07-28

Enthusiastically the manufacturers of Bridgeport know their Du They know the value of experts seek and obtain sound manufacturing advice and otherwise the modern q production experts they are 1tsste9 Es Ezs Is Politically they ard class quite free from anything Proachng accurate knowledge and consequently are at the mercy of any political charlatan who attracts heifancv
 Those views of Mr. which reported are rotesoue MT Hill is congressman His relation to the counfrv is way the facts of the general principles of the conventional economics of modern satecra He not expected necessar to be inventor and to himself Id total quantity knowledge but he is expected to he # ,least 6f current practice. This he is not Its hard tell where MT Hill obtains the erontery neces
 to thing like this in presence body of ntei- E nt citizens:- sts4 fs x XII sa
 % a sns t,sm the
 s country - They year on
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 essi ass oe sss sssss saanz E port and elsewhere He speaks Federal in parcu this and declares that this epna is drawn from the Liquid funds of corporations he means anything What he is trying say the coporaons pay othe Federal $3o0OOO < GOO, out of their incomes sT rrg 3sg E{sFa Then the learned Mr Hill resuInng his massive nonsense adds the Inheritance tax which he the of the dead which amounts to $60OOoOOO adds other taxes gets of GOO which he says Are with year liquid industrial capital in the country
 Now Mr. Hill is speakhg though he probably doesn't know of that species of funds employed in trade
 
 Thus Mr. Hill in about two minutes using two paragraphs tells the manufacturers of business that theypa their tax from Income That paragraph No G Then he tells hem para graph Mo- 2 that they their taxes capital which of do not except perhaps the of losing enterprises which encroach capital for any, all expenses
 the inheritance tax is it would necessarily be the graves of the living na graves figures simply exhibits again Mr. Hills ondness for large speech, without regard to meanings t tAs s as33
 But inheritance tax isn't tax graves Lis tax on His mind harfs back to earlier day say 600 back when the custom to bury all mans prop ' erty with him. ls5j M
 Neither is the nheritancetax tax on the uud industry, upon the industrial capital of the country
 Let assume that the stockholders of the New com p4ny still receiving their dividends which they not And this corporation, and that five cent inheritance upon his holdings
 pay tax, not the industry The amount employed in industry will not because of that tax single Let us suppose that to meet the tax five per cent of .e stock has to be sold and that other owners happens changen the who receives the dividends having been assumed there would be The capital New Haven road is not in the least degree affected by that < transaction
 Unless Hills conversion hands his friend Mr. Hospn has been complete he doubtless occasionally buys and pays penny tax to the government He might we'll say penny that from liquid cap the country say that the paid Pray win not the merchant the penny perhaps pay wholesaler of whom he had the cigar? And will the penny circulate for long time? How then is iqid capital {. impaired? How the liquid funds" impaired?
 Liquid in the in which Hill the word the same moving circulating, keeping in motion
 When Mr. Hill spends ten cents for cigar he made but liquid He put the dime and the tax in V culation. That is what happens with the payment of inheritance tax The payments does not decrease the qdi funds or qudty of capital It does not make less moon more motion.
 It almost unbelievable that there could be in state which is something like 300 old aman claiming first class position who could utter such bsotedgnorance.
 MT Hil however had mission when he went man. There something he intended to do He tended create dissatisfaction in their minds and make him. so appear their champion The purpose of his talk creatS tho impression in their minds that they the unfairly taxed that they being unjuy treated