The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1918-07-19
Captain Sperry Presents Plan of
Federal Taxation OF the House
Ways and Means Committee

WASiINGTnN. l.. =. luiy IS y"
brief that has been i'I"d h"I"r" 't'"
c"rnml;tr'. has challenged ""r Ait'E'i'n
and thought. study ana 'r't'"' i'":!. 100"
'han ,h1t wh."h has reached "N 'l"'r
MIR S,"rry il ~ most mp'r'Anl AN"
i"lriUI. and .hruii n"; H. AZ IA SUI
Tcj.%"l - !luh IFS sound Fin|iF',H IN
E"ll'd IA lh. n"w r"E"uI" III "h'N Il
NILS reported
|, WIZ on. # ;hc tw"ntT-'w" fn"n-
l"rS Of ;hv NvUs,. C"lu'nIti"" on WAYS
and ur.anS WIN, mad. this $tat"u"h' '"'
dn:. H.. WAS referring :" u iri'i com.
posed hy captain Melvin q. Sr'ff3. 81
'lavSSlu-g. Will kn"Wn tnr" Sh"H' me
sat" ~ tn" p"SS"SS"r al Il hiEH "t''
1t ability Us Il lawyer and q rIht."'Hl'
and fli"d with Tho r"rnm'tt"" by REPRE-
s"uiatry" stuart II. Reed Fh" paper
fills nineteen pages OF t!P"WrluH%.
In It. ,'ail:,Iu SI"rrH points out II"
iruSt "rpr">S!!" inequalities "l IN" pres
"nt taN law, which ;'w WI" iii:N.I 3P-
I".ar'd ~ p''rS"u ar Ivy hr'"' NV" 'ii!'!
g." do: hut hr goes further man iN"~t
If Tia. critics. ~ TIN. ItW. Icy offering y
,-,,ncfr;.. <rhc!ur rl TAXATION whi'h Ia:
ltItuS Will rnrr"ct ihcS" Ih''luhii'r'
II It - alrpI"d III 'E"' n"W IF"p"H'N
s.. 900. urn Eli" r"v"nu" hhl when u"
ways AMI means ""tnril'"' mas JUS
s;artra To- work uu. after ,r'.lid!nS i
series It public hearings. In word
Captain Si"rry's brief Is 'SS'ni!;ts!y
'rIISt r;.'ri\". .,,.
II - i,rru<Sihl.. l." d. his brilliant
Paper IuSiLr. IN In" very iiInIt'" Ni"''
:hnu any newspaper can KY" even I"
tho hri'ft-sl "'.sI"W n;t"niV'r'l. ahd 'HiS
ariri: about - docs not claim rr"dlt
even a. making that much ~ an 'I!"E'.
Thu Sr"rry brief IN - series "t S'rlk'
in,: illustrations shows 'ha; III" Pr'>''"'
'u,y up,ralrS t. very largely favor ~"
1 .i,,ii
mas ;: and tuNrS IRON! ia" man vi"
.rrrS Il, Thomas Workman. NIilihn
IIlv"rnu"h. .N~t"rhit. G"uiA'hIr'I'F:
kuhuhrrr'r. ami t>inpGIr" Fi'| ;tit 90
inIninG pr"~r"r!"r. Hr' TN trl'it.S ~ VIC
fictitious charact"rS uS"! 10y III" ""ih"
uC rhr brief L. show h"w the tax law.
aS It IS now works.
Thomas W"rkwtlI. young man 81
energy. id,.lS AMI brains. saw or hhi
S",n an opportunity for III" u''''"p-
mrnI -uf n business enterprise. I'm M
y"Strrcut of s.. n"n. nan Is needed Tor IN"
rurpnS. lie POSSESSES. or rUSS''SS'ft."rIH
$!u.uU" and must borrow $2.!?h. "h. II"
feasibility Of tn" enterprise Slt"''''S
even ;hr hard headed banker. and h" Is or
WAS enabled I" borrow IN" none 'h
Tins !ulrSI mrnt. tn, years effort shows
:, net earning IT S"oh.nhn over MI TX.
pcnSrS and fixed charges. TIL" var IN
profits tax Gathrr"r takes 81 'h."h" from
Thomas. This ~ computed under tina
most Favorable showing n' a. uii per
cont rr'-WAr 'tTn'f'. "ht ""' y" ,.' u'
Nt'', -ntr,;, ,nynu,,. must
h.. taken. together with ih'' Si".''li' '"r-
J."rp;i"n capital tax. and all Other fed
rrai taxes
William Havcrmurh. ar"thcr young
49,, ,,,,.n .T' .,,y" anal ci,.,fr.u: hul
who h;lrpily Inherited wealth. saw lli'
S,iui. rprnr;unIty and engaged III IN"
saii' ~ IT, ~ rr,,,r.. Tho
<".o""""' Oh ms lfnrr !'1i i,' .'''., 49,,
BUSINESS 'HJ''HH I'M ,."',
var 'aF. IN, INV rnT,,r ,,y
E""".". ~ c M"a 49,. r,-,,r,,t., VII.
;ath"r"r taxes rom ~ ~. w.
itaHn only >"''"'' an" ''''N,S ;,' ,''. "
l"H H''H' u ''' ,h,. ..,,,,. r,,n
H-''"'" S""J''' '''H ~ , i:
81 ihr'r'F IN" 90" a. '"'AS
!"rt"'h'" o'"'"'''
....-,;,. ir,.-i,..i valuable city real
ASi"7hil' nh"7l''h HhluHt''' ~ ~
"Siat" """'' rs hIr'N'"tS n,'i"u," ,. "a.
iTilI". ana ""''' nv NV -
utn'" ,'''',Ht,' t,r,,,, So. r.,I ,sroI.,
ro'S'. ~ 'Ih''N ,'," .,.,,,,iiy
tn" fortunate" '''l'r'''. -
rentals AEEF'Sa''hH ''''
alloy" al 'Nt"hN'N H"'i 80 ,,r
f"utn: hi':t'' i'M Nv 'H'''' ,-.,,..,,
ralIr"i'! anu "uHr'','' .,,i ,.'i.
rom Wh'Ch NJ 'i,iS a.. nm,,,rr;
FriS ih'''r'H' III, NV. .',,I
1t $"c"""" 'NeF XXI" "''''' ''' "
. 'Nr"'ls"s ,..,,.,.,,,.. .
huhhi"7%"'' ,''' ,,,t..v -
ms r'Auh 'hHl'; I =, .;,,i,. =
N"rkw"ii nm! "'h'rS 'nN"- ~ .,,,.
enterprises. lr"N "'i'n nv s.nu ,,is,
nuai!H interest H,'''"'''''' -. ,l
over ana ABOVE All ''tN'H'
. losses.
ON would suppose VFfl' w '''l'
would L" called upon I" '"H'F''''',,, m,'',