Every evening, Wilmington daily commercial., 1921-03-04
THREATENED LOSS IF
, CORPORATION TAX IS
! PUT IN SCHOOL LAWS
Wilmington Service Co. Sends
Vigorous Protest Against
Proposed imposition.
SAYS LOSS WILL BE GREAT

Spectal dispatch from staff correspondent.
state House. Dover. March :
Every member Of the House today
l,,reiVcd letter from the Corporation
service 90 of Wilmington. protesting
against the proposed per cent tax on
the business of corporations done IN thiS
state which is one uf the tax pro
Visions ef tho proposed now S'ho"' "a"
rhc company. IN its communication
intends that ru,h a law would drive
the charter business from the state anu
.ns.oueutlv result in the loss "f
,roru,ous sums 10 the public treasury
After fh,. communication had been
read hV tn. reading clerk. Representa-
i've kramer said he had not seen =
,,.pv of the revised tax PROVISIONS pfihl
,5i urul about O'Clock yesterday aIt'i
oon lie ,riticizod the fact that th'
utparv apparently got copies ~ the
II before The mclnhers did M.
ks.,lucr -uggr~ted that il would pioo
}s, y, better fer the legislature !"
+, huSrn, - n,l. than some place eist.
d Nid is president ana .IosiHH
..rt,l 81, president q the CORPORA
5uu S,iNi., ,o Ih, '"ttei is aS '''
N-
Dear S,r. This j. httle plain talk
.D.ut th, million .,ud a half dollars -
rrN.utl. ~ tho stat. from, corporations
cfEalizcd here and doing business else
4n,r, which Viii br lost If the proposed
Ntrs ,rtttr,S 5 ~ the school laws al"
adopted
<.V Jersey Ma.u, and Vest Vir-
4.. Il, had grca, incomes from then
g.rstion laws until they CHANGED
.us Is as 1, drive the business
N.,str,. in 1914 Delaware. IN
r.ea corporations was $l63.boo.
a.. v4~ SI5-e 600. AZ the present
.l1 u ~ large in a few years
u..l 4lnost pay all the expenses
. -tt's .fIcs- Delaware commits
>. ,tt,r what NAY he the inten-
81 ,h.. Legislature. il cannot help
t-.,c ue.tlor as 70 whether tfr
= -a. imposed on corporations Dc
r..~.r.~~ uujsid" the state
Loss Wiu he >erious.
81 mater bow that question may be
Fl s,Verea hy the courts 4 viii kiH N"
operation business. LAWYERS outside
me state viii not incorporate here u
mere is any question whatever As there
certainly is under the present phi. IheS
.snnot wait until the courts decide the
stior They will go only where there
: -o question. Maryland now has a law
very IKE ours ana Is wondering how i
n cet m, business which Delaware
/ ENJOYING II VIII not have 10 wonder
snG. il this law passes.
The immediate result Of the law vii
t. the dissolution OF great numbers of
.a.r corporations and their re-orGaniza-
ION in Maryland or elsewhere. New
generations VIII be cut of. i Is only
i E, ecessary for a rumor 70 set about that
delaware i taxing rs corporations 70
tiIl the business.
The bin has been submitted 70 several
- the foreruos; lawyers in this state
ard ,hcy all say that i they We're
,a>y-yers elsewhere they would advise
;he1r clients not 70 organize in Dela-
,,are. because Of the questions raised
ty the bill.
Don't XII Golden Egg Goose.
The only thi1g : % let the tax on
corporat!ons remain as il now IS. and
rot 70 raise any question unless you
4~. willing - kI. this revenue, with
the resul; that additional taxes will
have IL b. imposed on the people in
mis- state q meet expenses. We have
rad twenty years experience n this
business. We know what viii be the
result il this tax law Is passed. I'm
media:ely. Maryland Will come forward
in time 70 get this big income.