Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1918-10-10
DECLARES WAR BONDS
s-,sa
PREMIER INVESTMENT
Oliver j. Sands Points Out Adyau
rtagcs OF Proposed Tan
Exemption Bill.
o FINTEREsT TO CORPORATIONS
Elinination Of Lcvics Means Savin:
- on Capita lnvclstcd-Nation Must
Subscribe Cost OF Fighting or BE
Heavily Taxed.

Liberty loan bonds arc one OF tho
most attractive investments being of
tered either individuals or corpora
lions. declared Oliver J. Sands. prcsi-
dent of tho Richmond Clearing House
Association in an Interview Yesterday
u5ou the question: OF advantages con-
,ained In the bond tan exemption bill
savings TO be derived under the bill for
buyers OF bonds. and emphasized the
fact that more extensive subscriptions
means less taxation for the people as
d whole.
ION September - a bill. entitled sup
pIcmept 20 second Liberty loan act.
YEAS approved said Mr.. Sands. That
PIN provides, that subscription for
$4,000 fourth loan bonds. which are
cSenpt as TO income. cXcmpts also tho
income from $4,000 second. third and
converted bonds. in addition to the So
600 originally exempted. Such an in-
vestment by an individual or corpora
lion may result in savings in taxes
for the, year 1918, and Il further sub
stantial savings for tho year 1919.
these exemptions arc limited TO owners
tton.to one and half times the prin-
clpal amount of bonds Of the fourth
Liberty loan originally subscribed for
by such owner. and still owned by him
at the date of his tax return.
LIBERTY BONDS INCLUDED
IN INVESTED CAPITAL
, In addition 10 tho above exemptions.
the pending tax bill contcmplatcs an
income tax of IL per cent on the
utNidens and tax OF is per cent upon
that part OF earnings not disbursed as
dsyid,ends' except tho ,undistributcd
will be taxed Il per cent. thus making
net saving OF i per cent upon that
part,of the earnings which remain in
"Ai amounts invested in Liberty
bonds, may be included as invested
capital:
vcstment OF at least $4,000 (S' Of i" tho III.
fourth Liberty bonds is made very at
tractipc Tor individuals and corpora
lions, and corporations haro the addi-
case OF undisburscd earnings and in
vested c.!L capital above referred to.
TT bills III OF our sovernmnet will
ways TO do this--onc is by the gov
eminent borrowing from the people.
tho other is the. government taking
from the peoplc--both plans arc ncccs-
sary; Taxation is never popula Ger
iainiy not TO the point Of Gripping Of
business and the Congress of the
ant. uni.sd un States or wii certainly not lay
or good business judgment, unless the
people prove unwilling to provide the
money in other ways.
BONDS TO III: PREMIER
INVESTMENT OF WORLD
IF nothing is done to affcc, the nor
MAJ income OF the pcople-which now
exceeds $4,000, 600. 900 per annum-the
comparatively small indebtedness
which this nation will owe after scv-
Graz years OF war can be easily taken
care of without undue sacrifice upon
he part OF the people. and the bonds
OF the ration will be the premier in
NestJnent Of tho world.
IN addition TO the business reasons
gwen above for the purchase of bonds,
We have the satisfaction of knowing
at-the money was never spent for
more worthy purpose. The freedom
ottthe oppressed people of Europe and
Hsia and the removal of the menace
Of Prussian ambition from the rest OF
the world will shortly conc and
AMERICAN men and American dollars
VIII DC the uecidinE factor
kltchencr said IT would take men
munitions and money to fight this war
re was right as TO men and NUM-
tionS, but there is not enough money
In the world TO pay for the costs OF
Wae Tor any length OF time. so credit
mas TO be substituted for money; our
government borrows. expecting 10 nav
out OF It's income. and asks us 10 Dor
row and pay in tho same way The
banks have provided methods TO assist
individuals and corporations TO buv
bonus until IL frsIps y.