Evening star., 1940-08-08
District Paid More
Income Taxes Than
Any Of 33 States
Proponents Of National
Representation See New
Favorable Argument
BY HAROLD b. ROGERS.

Of Columbia, high among the States
of. the Union is clearly shown in the
latest statistics made public yester-
day by the Treasury Department.
Income taxes paid into the Federal
Golfers from individual income taxes,
and taxable f1duciary returns
amounting to 1886, 900 for the cal
endar year 1888, were in excess of
taxes paid by any one of 80 of the
States.
This is interpreted by those who
have been following the movement
for national representation for the
District of Columbia, as another
powerful argument in favor of
granting the vote to voteless WASH
ingtonians. Different resolutions
providing national representation
for the District now are under
serious consideration by committees
in both thesSenate and House.
In comparison with the 1886 900
individual income taxes paid from
the District of Columbia for the year
1888, the following SO States paid
these lesser taxes:
Alabama, s2,7l5,O0O Arizona, ST.
072,000; Arkansas, $1,577,000; Colo
RADIO, $5,783 600; Georgia, $6,904 900;
Idaho, $4,000: Iowa, $3,498, 900;
Kansas, $2,658,0OO; Kentucky, s4,-
$4,000; Louisiana, S6,513,000; Maine,
S8,059,000; Minnesota, $8,870,000;
Mississippi, 81 ,l38, 900; Montana, ST.
100000; Nebraska, $685. 900; Neva-
da, $1.71900O; New Hampshire, ST.
855,000; New Mexico, 1929 900: North
Carolina, S7,774,000; North Dakota,
$2SO,OOO Oklahoma, IS ,267 900: Ore
gon, S2,424,O00; Rhode Island, S.
O12.000; South Carolina, $1,315 900;
South Dakota, 1882 900; Tennessee,
S6,,637,000; Utah, s1059,000; Ver-
mont, s777,00O; Virginia $7,829 900;
Washington, $5,168,000; West Vir-
ginia, S3,482, 900: Wisconsin, S9,034,-
600; Wyoming, s476,000.
Warning on Insurance.
j. D. Marsh, president of the Dis
trict of Columbia Association of
Life Underwriters, in a statement
today warned that opportunities
are obvious for Misrepresentation
to polcyholders by persons who seek
to have them make changes in their
life insurance policies"
Commenting on bulletin just re-
leased by the Chamber of Commerce
of the United States, entitled,
'''Should You Change Your Old Life
Insurance for NeW?" Mr.. Marsh
stated that periodically throughout
the history of life insurance there
have appeared those who advocate
insurance programs based exclu-
sively on term insurance.
Although term insurance serves
a useful purpose in certain cases."
he said, experience has shown that
a life insurance program based en-
tirely on term insurance will almost
invariably lead to disappointment
The fundamental objection to term
insurance is. its increasing cost,
which becomes higher as the age of
the policyholder increases and when
the policy holder usually has de-
creasing ability to pay. BY building
up a reserve through the payment
of premiums somewhat higher than
the term rate in the early years,
level premium life insurance avoids
this increase in the premium re-
qulred as the poicyholdeT grows
older. The Chamber of Commerce
bulletin shows how policy holders
can keep clear of the pitfalls of term
insurance through understanding its
uses"
Number of States Have Laws.
MIR. Marsh warned that opportu-
mites are obvious for misrepre-
sentations to policy holders by per-
sons who seek to have them make
changes in their policies. Recog-
nizing the public interest in pre-
venting losses to policyholders
through misrepresentation, a num-
ber of States have enacted special
statutes making such misrepre-
sentation a criminal offense. The
bulletin points out that replacement
of old life insurance policies by new
ones will usually result in loss to
policyholders through increased cost
and less favorable benefits under the
new policy.
Policyholders are urged by Mr..
Marsh to consider carefully before
changing their life insurance policies
and take advantage of the service
offered by a qualified agent or the
company which wrote the existing
policies before making any adjust
ments in their present programs.
Copies OF the bulletin may be OBJ
tanned from any member of the
District of Columbia Association of
Life Underwriters or from the near
est office of the Chamber of Com
merce.
The Hudson Motor Car Co. today
announced appointment of Ross
Williams as zone manager of Hudson
and Terraplane Sales Corp. for
Washington and surrounding terri
tory. This organization is a direct
branch OF the Hudson factory in
Detroit. Mr.. Williams comes to
Washington with many years ex-
ecutive experience in the automotive
business.
New S. E. C. Action Seen.
The TRADITIONAL relationships
between investment bankers and
utility companies soon may face
new type of attack from the Sc
curities and Exchange Commission,
according to the Wall Street Jour-
nal This new line of action, if the
suggestion of some key S. E. c. cffi-
cials IS adopted. will subject all his
torical utility banker connections to
the same sort of scrutiny which six
investment banking firms are now
undergoing at the S. E. c. because
of their relations with Standard
Power g. Light Co.
A series" of hearings exploring the
relationships between utilities and
the bankers who usually underwrite
their security offerings, is being
advocated as a substitute for a new
S. f G. rule pOverninp IItilitv-