South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-10-22
WHIT IT MEMS.

You are being asked now TO deliver your votes
TO Congressman Hickey the plea that you must
support the hands Of Pres't Harding and his admin
istrauon.
That is the only reason thus far advanced for his
reelection. The other pleas have either been
brides or false pretense
You know today. a little better. Just what
you are asked TO support when you read that sec'y
OF the Treasury Mellon saturday ruled that the
stock dividends OF Standard oil are to pay nc taxes
TO the government.
That On its face means nothing But grasp its
full significance. and what applies to Standard Oil
applies to many other great organizations Of wealth
that piled VI millions Of profits
This nation needs tremendous sums for taxes. for
debts for the greatly increased cost
OF government.
It starts out to raise certain specified and neces-
sary sums.
Congress fixes the manner in which those funds
are raised and the taxes collected.
One Of the methods g a tax on incomes
says that the worker who earns more than 81 500
year must pay a part OF his wages to the govern
msnt
Il says that the little merchant. making a small
or comparatively small income. must pay upon it.
II fixes the percentages and the amounts
Men and women who stock in corporations
that make profits must pay part OF those divi-
bends back the government But before they
pay they must collect them.
The Standard OIL company has earned enormous
Profits Il piled up several hundreds Of millions of
dollars.
Had it given this money to its stockholders in
cash. sent it out in checks, the men who STAN
dard oil -would have been taxed.
Most OF it, OF would have gone the
Rockefeller family but all those who own shares
would have paid and been forced to pay some
TO the government
Instead OF paying out this cash which made
as a profit, it boards the money in the banks until
do s. III longer.
So t decides to give to its stockholders more
stock, to increase the capitalization to distribute
more shares giving them TO the stockholders
OF dividends. keeping the cash busy earning more
profits.
sec'y Mellon now rules that the distribution of
hundreds OF millions Of dollars value in
this manner need pay taxes.
II can only when the stock sold and
the actual money received.
OF course the Rockefeller family and the other
large holders do no; need this money to pay the
grocer and the baker They hang their
shares. They avoid an
That stock dividends represent earnings just as
truly as do the wage envelopes that handed out
each week those who work for wages.
The trick now given sanction by the adminstra-
uon permits millions and hundreds of millions of
income 20 escape taxation
By that decision under a law passed with the vote
OF Mr. Hickey the millions OF which should
be raid by this and other similar concerns are
eyaded and avoided
Those same millions are taken from the wage
Garner and the farmer
That dec sion PUTS upon the toiler and the hard
pressed farmer the burden Of raising every dollar
which these big millionaire concerns escape.
Il is raised either on your incomes, if you are
lucky enough to make 50 500 year. i every ticket
YOU buy 10 a movie. in every little luxury you
be able purchase
The adm .nistration has been very kind TO these
men Of big incomes.
with the aid of Mr. Hickey it reduced the VIII
son schedules on those VINO have above 100000
year.
DC relieved Ford not because il likes Ford but
because ne has bis income, OF at least
{50oo.0Oo in taxes for the coming year
It reduced the taxes of 5000 other million
aires ana is collecting every dollar they dodge from
the workers of. the country
Tha, S what YOU asked to support when the
plea is made to send Mr. Hickey back 20 congress
You are asked to 60 into your pockets for dollars
that should justice be paid these swollen
fortunes
You are asked for your dollars to replace those
grE eh axe withheld under lus- such laws and such
dec sious
X YOU are a muum.uioaaire, if you have
-i-an.lc fortune. the plea your for Hickey
should be answered. Vote for him He represents
SOU
I'D. yoo object % Standard OIL ana the millionaire
group escaping their share Of taxes and do not