Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-12-05
MINING CONGRESS
DISCUSSES TAXES
Methods of Sterilization 0C-
Cupies Second Days SeS-
sion Here.

Tax matters and steps to bring about
sterilization of the mining industry &C.
cupied the attention Of the second days
session of the convention of the Ameri-
can Mining Congress today at the May
flower Hotel.
R. c. Allen of Oglebay Norton & Co
of Cleveland, Ohio, and A. Scott
Thompson of Miami, Okla, were au-
thorized to prepare resolution for
consideration by the convention looking
to the appointment of a committee to
study the sterilization of the industry.
Together with Robert E. Tally Of
Clarksdale, Ariz., president of the
American Mining Congress, they
pointed out that Sterilization involved
agreement of producers to curtail pro-
duction which would involve amend
ment of the Sherman antitrust law.
Urges More Capital.
Statement was made by Bruce Yates
of Lead, S. Oak, general manager of
the Homestake Mining Co., that one re-
sult of the Stock Exchange situation
would be to divert capital to mining de-
Velopment.
Presiding officers at the discussions of
taxation were S. l.. Mather of Cleveland
and j. B. Warmer of LanSfOrd, Pa.
Mine depletion allowances were dis
cussed by A. p. Ramstedt of Wallace,
Idaho, during which he expressed opin-
ions on the recent work of the investi-
eating division of the joint congress
sional committee on internal revenue
taxation. Mr.. Ramstedt favored mine
depletion allowance of 80 1-3 per cent
Of the net income of the property
DR.. T. II Read of New York Dr0fPS-
sor of mining in Columbia University,
and j. F. Callbreath of Washington,
secretary of the congress, advocated a
more sound base for mineral taxation
and the removal of any inequalities in
State taxes.
Support Land Commission.
Support of President Hoover's. Pub
lie Land Commission which is studying
the formulation of a new land policy
looking to the return of lands in the
West to the States, with proper meas
ures for conservation of their mineral
resources. was given by Mr.. Callbreath.
In pointing out that large areas are
still held by the Government. Mr.. Call
breath said each State should be on a
parity and that such is not possible so
long as the Government holds the lands.
At a luncheon meeting today, at
tended by delegates on the Southern
division standards committee, the time
and place was to be decided fer the
annual meeting of the industrial devel-
Opment conference, held each Spring in
the South. An invitation to meet at
Little Rock, Ark, was before them.
President Tally represented the Amer
lean Mining Congress at todayS stabili-
cation meeting called by the United
States Chamber of Commerce in &C
cor6ance with President Hoover's bust
ness expansion program.
Experiments Under Way.
A former Washington man, Edward
w. Parker of the Anthracite Bureau OF
Information of Philadelphia, predicted
yesterday that within short time home
owners will be able to secure their heat
from anthracite as conveniently as they
obtain their electricity. Mr.. Parker,
formerly with the United States Bureau
of Mines, said that experiments are now
under way which will enable, by auto
matte processes, the heating of the
home without smoke, dust or the dam
ger of explosion or aSphyXiation. The
research workers, he said, are testing
devices for supplying and controlling
automatic heat. from the feeding of the
furnace to the removal of ashes.
Mckinley w. Kreigh, chief of the tax
division of the Mining Congress, in
tain W COllNC4lb1O1lS uCGldiG0 l4ldG
the mining and metal manufacturing
industries provide the backbone of the
Nations tax structure" and afford
greater possibilities for enlargement o.
the tax base than any other source"
Congress and the State Legislatures,
he said, should 80 frame their taxation
and business laws as to permit the
freest and largest exploitation and de-
velopment Of mineral resources" Mr..
Kreigh pointed out that of the $1,000
100000 in taxes derived from business
and industrial corporations, $778, 000,-
600 is derived from companies engaged
in the natural resources and related in
dustries. OF this amount, $500 039
is derived from mining, metals and
metal products companies, he quoted
from Federal statistics.
business and taxation laws that
hamper or retard mineral exploration,
development and production, Kreigh
told the convention, have depressing
effect upon the Nations taxing base.
President Tally was honor guest at
the presidents annual reception last
night at the Mayf1oWer.
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