Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-11-18
HIGH SURTAX RATE CARRIES
IN HOUSE BY DEMOCRATIC VOTE
Continued from First PnecN

York;. Chandler toklahoma). Chlnd-
bloin. Clarke tN.w York). Clous..
Gold Cole 'loED, C"nneli. Connolly
| 'fenhsylvaniaG. c"ughlin. Crago.
Cr"wthcr Dale. ballingcr. barrow.
dempsey Dunbar. Dunn. Dyer,
| Echois. Edmonds. Elliott. Ellis. Fair
enid. Fairfield. Fem. Fish. Eoch
| Fordncy. Free. French. frothingham
Gerncrd Glynu. Goodykooittz. era
nam b'cnnsyivaniD. Greene CMassa.
chuSetts), Greene vermont. Gricst
lihdieN Hardy CColUradol. law
| ley, Hcrscy. Pickcy. Hicks. nm
Hines. Hogan. Houghton. ireland
Johnson washington,. Jones trcnn.
| s!iNania). Kahn. Kelley JMichiran1
h!end"ii. Kennedy. Kirkpatrick.
NtsSeH. Kline tN.w York;, Kline
tEcnnsyivaniD. knutsun. Kravcs.
kreider, Langley. Larson ,Mln
ncSota), Layton. Lcatherwoud Lee,
tNew fork). Lchibach i,onrwortb
Luce. !.uhrinE. Macarthur. McFaddcu
Nc l>cnZic: Mclaughlin tM!khigan)
Mci'anHh!In DfennSylvaniH). Me-
Emerson. MacGrcgor. Madden. Mapoc
Mnpes' Merritt M!chcner. Miller
Mills. Millspaugh. Mondcll, Montoya.
Moore tlliinois). Moorcs indiauaD.
Mudd. Newton 1Minncso,a). Newton
'MisHourD. Norton. oIpp. Osborne.
Paige, Parker tNcw Jcrseyl. Parker
{ ,N"w York;. Patterson tNcw Jersey.
\ Perkins. Petersen, Porter. prlnEcy.
| Purn"ll Radcliffe. Ranslcy, R"ber.
K H Reed tNew York;. Reed West
! Nirginia). Riddick, Robertson. Rodcn-
| berg, Rogers. Rose. RoSsdalc, Ryan.
Sanders HndianD. Sanders ,Ncw
! York;. Scott 1Michigam. Shrcvc.
, SteGcl. Sicmp. Smith Gdaho). Smith
/ 'Mich'gan,. Sproul. stephens. Strong
! tPcnnsy'vania Taylor tNew Jersey.
Taylor CTennessee). Temple, Timber
lake. Tinkham. Trcndway. CnderhNl.
/ Vale. Nestai. Nolk. Walsh. Ward
tNew York;. Watson. Webster White
! tMainc), Winsiow. Wood Nndiana).
| woodward, Wurzbach. Yant-i7o
| Democrats Campbell Gennsyl-
vania), Deal. ilawcs-3. Total. lI3.
Members paired were: for the SEN
ate Observation-Disclosures. Bland
indiana COOPER tohio). Roeenbloom
3. DcmccratE-Bcll. Flood. Lyon
kitchin. oliver. rou, Sullivan
Total, 10. Against the senate amend
ment: Rcpublicans-Acke Tess
freeman. Hutchinson, NORM. Mott
Peters. Snyder. Ware. Wason--IO.
Text "r Presidents Letter.
The letter written by Presiden,
! Harding To Chairman Fordncy was as
follows:
!. MY Dear Mr.. Fordncy:
In response I" your inquiry as tn
the wis"st course in dealing with
the difference between the two houses
OF Congress in the matter of higher
SurtaN on incomes. can say only
that, in view of our earlier confer
cncc on tax matters and the ulti-
mate adoption OF the higher sur,aN
rate OF 81 per cent. | still believe tho
rat" approved by the House To be the
nearer 10 just levy and the more
rr"m.i'inE one in return. to the
public treasury.
The responsible administration IS
anxious. first OF all, To lay the ncccs-
Sary taxes to meet the demands OF
tn" Treasury. There is n moral oh
legation. however. in the party in
power to do everything possible to
keep faith with promises made to
the public.
COLLECTING Highest Surtnx I'm World.
| we have been collecting the high
est surthN on incomes. levied Il, this
| time. in all the world. The effect ha 5
been the restriction of the easy flow
OF capital I'm the channels most es
sential to our normal and very neccs
sary activities. No one challenges
| the levy Of the higher tax in the
| stress rf war. hut now we are struC-
! Cling for the establishments OF peace
Where there is so wide diff
ference in tho Judgment of the two
houses, | have thought il might he
possible. and wholly desirable. &c
reach an equitable compromise. say, a
maximum surtaN levy OF 80 per cent
This would nut tho higher Federal
tax on income at a total OF Is per
cent, which would mcasurably meet
the expectations OF those who are
above all else, concerned with the
return OF hopeful investment of capi-
tai and the application of our capital
resources to profitable productivity.
am wholly confident that the help
| ful results spreading thcrcfrom tn
| every active participant in our in
| dustrial aud economic life, from
management to every wagc-carncr
! would he vastly more ndvnnta geous
| To our people thnn the maintenance
Of wartime lcvics as peace time
! penalties on capital, which are GER
| tain to hamper the restoration Of our
activities for which we all SO much
/ nope.