The Richmond Virginian. (Richmond, Va.) 1910-1920, 1919-01-31
Credit Men Will
Support Tax Bill
Sober Second Thought and
Further Consideration Of
Facts Brings Change.
NO MORE GRAM S
Members of Association Hear
Fair and Impartial State
mcnt Of Entire Situation
by Roy Cabell.

Sober second thought and a further
consideration OF facts reia ting To In C
revenue bill pending in congress
brought decided change OF opinion
among members OF the. Richmond
Credit Mems association at it's meet
ing last night.
Following a meeting at the cham
Der of commerce.. at which Mr.. John
Kerr Branch was the principal
speaker, officers Of thc association
had sent telegram TO Virginians in
congress asking for the defeat Of the
pending bill or it's reduction to a four
billion dollar basis. There was some
opposition 10 the movement AT the
cham Der of commerce.. but little was
said. Last night. the credit men
heard fair and impartial statement
OF the entire situation by Roy Cahell.
Following this came a motion form
ally to rescind the action of the Of
ncers of the association and TO ask
for support OF the pending measure.
The debate was mostly one-sided.
several members taking part, and
both President Marks and Secretary
stern indicating a change of heart.
Finally, when the motion seemed
about to prevail for lack OF OPPOSE
ton. a member who favored the
branch movement proposed "a sub
stitute to the effect that no more tele-
grams be sent, Offering the naive
argument that nobody undcrsio God the
question, anyhow. BY a close vote.
this suggestion prevailed. after ii had
bee. pointed out that OF her action
mis- L be construed az Ii reelection
upon the officers of the association
and tina. in any case, the kilograms
sGsrohahty would haze little. effect. a,4
Mr.. Cabs'l quoted the letter OF
Representative Flood to Governor
Davis. printed in yesterday mornings
Nirginian. showing that the confer
ence committee is obliged TO limit it's
report between the eight billion dol
lar bill, originally passed by the
house, and the ski billion dollar bill
passer by the senate. after the CON
clusion OF the armistice, Should the
bin as reported from conference he
defeated, he said. the 1917 law will
stand indefinitely He pointed cut
the gross inequalities which have de-
veloped from this law, whereby two
thirds of the revenue derived from
taxation came from half of the
nations business and one third from
the other half. the smaller businesses
carrying the larger burden. This is
remedied in the new bill. Unless these
inequalities can be changed by
amendment of the old law, he urged
IN tsiTHeSS, mat the new law be &C
cepted. Either will place great
burden upon the country. but /, Was
his belief that the pending measure
would be better in the long run.
This view was emphasized by
Henry Wallerstein and several Others
who spoke on the subject later.
Earlier in the evening. Garnett
Tabb made striking and illuminat-
Ing address on the operation of the
new workmen's compensation law.
He laid special emphasis on the i'm
portance Of safety appliances in all
manufacturing establishments
Albert s. Johnstone, director of war
loan organizations, was among the
guests of the evening Being intro
duced by President Marks. he talked
to the credit men about the details
OF the governments financial opera
tons. saying that. in ali probability. |
the most dihicult tasks OF the entire |
period are yet to be attacked