Jasper County Democrat, Volume 3, Number 6, Rensselaer, Jasper County, 19 May 1900 — MEASURE HELD VALID. [ARTICLE]

MEASURE HELD VALID.

supreme Court declares Inheritance Tax Constitutional. In deciding that the inheritance tax law was constitutional and valid and that it applied to the legacy and not to the estate as a whole, the United States Supreme Court made Uncle Sam a present of about $00,000,000. The decision was handed down in a test case brought by Abram M. Pence, George A. Carpenter and Shirley T. High, counsel for the appellants, Shirley T. High et al., in a suit which sought to restrain the collection of the war revenue tax on the estate of the late .Tames L. HTgh by Reveriue Collector Frank E. Coyne of Chicago. Millions of dollars collected by the Government officials during the last twentyone months remained tied up in the United States treasury vaults awaiting this decision of the highest court in the land on the constitutionality of the special inheritance law raised by the Chicago law firm. In addition to this large sum there is due several million dollars from estates which declined to pay until the right to levy taxes as taken by Congress was passed upon by the Supreme Court.