Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1917-11-17

Will further benefit tho organization
Of the association. The following Is
statement issued after the meeting
and the resolutions as they follow:
ION producers In the mid-continent
field fully appreciate the emergency
OF American interests In the great
war and recognize the imperative
needs Of the government for the large
revenue necessary TO prosecute the
war TO n successful conclusion. They
stand ready TO bear their proportion
Of all taxes levied for this purpose,
regardless .of any and all hardshl ps
thereby imposed upon them. At the
same time they believe that the prin-
ciples OF fairness and equality In taxa
tion. as among the various industries
OF the country should be firmly ad-
hered TO by the government The oil
business occupies its own peculiar
situation among the Industries - the
country and the financial risk and
hazard Of the business Is far beyond
that OF any other venture. Not only
is the government In pressing need OF
great revenues. but II is equally i'm
peratiye that the production OF oil
shall bee stimulated in the highest de-
gree 10 provide the necessities OF our
own country and our allies In the
prosecution Of the war;
Treasury Department Illadviscd.
THE peculiar characteristics Of tho
oil business. the conditions surround
ing the prosecution Of the same and
the insecurity Of capital invested
therein are not fully appreciated by
the treasury department Of the United
States, nor were the same appreciated
by the congress OF the United States
when the late war revenue act was
adopted. This situation has resulted
-. a
mcnt and In provisions in the revenue
act which are discriminative in their
application to the oil business among
the various business enterprises OF
the country This circumstance alone, |
as a matter OF justice, would entltle
the oil producers OF the country toi
relief; but when this circumstance Is |
coupled with the great need OF the
government for a large and continuing !
supply Of oil and that need may be
interfered with by the regulation Of
the treasury department and by the |
administration OF the war revenue I
act 1t is not only 10 the interest OF
the oil producers TO challenge the
attention Of the government 10 this I
condition. bnt 1t is their imperative /
duty as well.
Resolutions.
Now therefore be II resolved by /.
the executive committee Of the Mid F.
Continent on & Gas Association:t:
Il. That the commissioners Of inter !
nal revenue be requested TO extend /
the time for suggestion, relating to |
the application OF the war revenue |
law to the oil business until Dec. |
II. 1917, in order that this association |
shall have an opportunity to collect all .
necessary data bearing upon this sub
ject. and to formulate suggestions to |
the treasury department and to con-
gress predicated therupon.
"2 That a special committee of six .
be Immediately appointed by the .
president, the general qualifications or 1
which shall be as follows: one mem
ber a lawyer who has heretofore an
alyzed the war revenue bill and the |
regulations OF the treasury depart
ment in their application to the oil |
business or any branch thereof; one |
experienced in the interpre-
tation and application Of revenue bills .