Richmond Palladium (Daily), Volume 34, Number 220, 17 June 1909 — Page 3

THE HICHHOND PAIiIAUItJJI ANTJ SUX-TEIjEGBAM, THURSDAY, JXTXE 17, 1909.

V w mm ismd (Concern in Thio Part olF tho Country

mm

7200 Salts and Overcoats and over COO styles to select from

Salle Commmmeimccs SatteMay MoirMiragj att 8:3 $50,000 stock of High Grade Clothing for Men and Young Men, bought from one of New York's Largest Wholesale clothing Manufacturers, which was forced to the wall by creditors, will be sold out AT m (SISFJTS THUS ffi)(0)ILILA

7200 Suits and Overcoats and over CCD styles to select from

BY TEIE

Wanted 25

FJo 9 South Sixth St., Three EDooro South off Main St experienced salesmen Apply at once Read full pao ad in Friday'o; paper for prleca

GENERAL DEM MID FOR IIISPECTIOli

'Nearly Every County in the State Petitions the Accounting Board.

President's Message on Earnings Tax

IS NOT ORGANIZED YET

IT WILL BE SOME TIME BEFORE SUCH ACTION CAN BE TAKEN, AS THE INSPECTORS ARE NOT A YET APPOINTED.

(Special Correspondent.) . Indianapolis, June 17. The "new public accounting board is already being swamped with requests from all parts of the state for inspectors to be sent oat to Investigate certain officers. There is scarcely a county in the state from which one or more such . requests have not been made. In nearly every instance the letter is from some individual who declares that . conditions in such and such an office are bad and that they ought to be Investigated. - Many , of these letters are probably spite letters, though In some cases there is probably a good ideal of merit. No Inspectors Named. Of course, the accounting board Is Sot able to comply with all of these requests at this time. It will be several months before the work of making inspections can be taken up. In (act no inspectors have yet been appointed. The board has decided to examine applicants for positions as field (examiners in July. The candidates jwill be given a thorough examination to their ability and fitness for the places, and until after the result .of this examination is known it cannot even be known who will be the examiners. And certainly there cannot ft any, inspections until after then. Chief Accountant DeHority said recently that it would require all of the time of the board between ' now and (next January to prepare and install a (uniform system of accounting- In the various offices throughout the state land that this was the first business

(the board would tackle. Of course, in (extreme cases, where an examination of an office is found necessary It will toe attended to. but the board is proceeding on the theory that proper preparation and a perfect system is the most necessary thing just now. : Expected a Demand. - It was expected right from the start that as soon as the accounting, board was appointed there would be a general demand for inspections and the board decided early to not do anything along that line for the present unless it has to. The news that the board will not tart in on the work of Inspection will EiO doubt be welcome news to many a ownshlp trustee, city clerk, justice of - the peace and other officials (throughout the state whose books are (In such a condition that even he htmswlf does not know just where he stands. The delay may give them time to get shaped' around so as to void exposure.

A Ti:nely SejstsKca Now that Summer is close at hand, try

Crop

The Health rood S65 days of the year, but particularly se In Summer. TbetVs a Reason

PT

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Washington, ' Juno 17. President Taft's special message recommending a tax on net earnings- of corporations is as follows: To the senate and house of representatives It Is the constitutional duty of the president from time to time to recommend to the consideration of congress such . measures as he shall judge necessary and expedient. In my inaugural address immediately preceding this present extraordinary session of congress, I invited attention to the necessity of revision of the tariff at this session and stated principles upon, which I thought the revision should be effected. I referred to then rapidly increasing deficit and pointed out the obligation on- the part of the framers of the tariff bill to arrange the duty so as to secure an adequate Income and suggested that if it was not possible to do so by import duties new kinds of taxation must be adopted and among them I recommended a graduated inheritance tax as correct in principle and as certain and easy of collection. "The house of representatives has adopted the suggestion and has provided in the bill it passed for the collection of such a tax. In the senate the action of the finance committee and the course of the debate indicate that it may not agree to this provision and it is now proposed to make up the deficit by the imposition of a general income tax, in form and substance of almost exactly the same character as that which in the case of Pollack' vs. Fanners' Loan and Trust company (157 U. S. 429), was held by the supreme court to be a direct tax, and therefore not within the power of the federal government to impose unless apportioned among the several states according to population. This new proposal, which I did not discuss in my inaugural address or in my message at the opening of the present sessian, makes it appropriate for me to submit to the congress certain additional recommendations. . Government Deprived of Power. s "The decision of the supreme court in the income tax case deprived the national government of a power, the national government ought to nave. It might be indispensable to the nations life in' great crises. Although- I have not considered a constitutional amendment as necessary to the exercise of certain phases of this power, a mature consideration has satisfied me that an amendment is the only proper course for Its establishment to its full extent. I therefore recommend to the congress' that both houses, by a twothirds vote shall propose an amendment to the constitution conferring the power to levy an income tax upon the national government without apportionment among the states in proportion to population. "This course is much to be preferred to the one proposed of re-enacting a law once judicially declared unconstitutional. . "For the congress to assume that the court will reverse itself and to enact legislation on such an assumption will not strengthen: popular confidence in the stability of judicial construction of the constitution. It is much, wiser policy to accept the decision and remedy the defect by amendment In due and regular course. "Again it is clear that by the enactment of the proposed law the congress will not be bringing money into the treasury to meet the present deficiency, but by putting on the statute books a law already there and never repealed will be simply suggesting to the executive officers of the government their possible duties to Invoke litigation. If the court should maintain its former view, no tax would be collected at all. If it sould ultimately reverse itself, still no taxes would have been' collected until after protracted delay. Amendment Is In Danger. "It Is said the difficulty and delay in securing the approval of threefourths of. the states will destroy all chance of , adopting the amendment. Of coon no one can speak with cer

tainty upon this point, and I have become convinced that a great majority of the people of this country are in favor of vesting the national-government with power to levy an income tax and that they will secure the adoption of the amendment in the states if proposed to them. "The decision in the Pollock case left power in the national government to levy an excise tax which accomplishes the same purpose as a corporation income tax and is free from certain objections urged to the proposed income tax measure. "I therefore recommend an amendment to the tariff bill imposing upon all corporations and joint stock companies for profit, " except national banks (otherwise taxed) savings banks and building and loan associations, an excise tax measured by 2 per cent on the net income of such corporations. This is an excise tax upon the privilege of doing business as an artificial entity and of freedom from general partnership liability enjoyed by those who own the stock. "I am informed that a 2 per cent tax of this character would bring into the treasury of the United States not less than $25,000,000. "The deccision of the supreme court in the case of Spreckles Sugar Refining Company against McClain (192 U. S. 397) seems clearly to establish the principle that such a tax as this is an excise tax upon privilege and not a direct tax on property, and is within the federal power without apportionment according to population. The tax on net income is preferable to one proportionate tp a percentage of the gross receipts, because it is a tax on success and not failure. It imposes a burden at the source of the income at a time when the corporation is well able to pay and when collection is easy. Another merit of this tax is the federal supervision which must be exercised in order to make the law effective over the annual accounts and business tr ansactions of all corporations. While the faculty of assuming a corporate form has been of the utmost utility in the business world, it is also true that substantially- an of the abuses and all of the evils which have aroused the public to the necessity of reform were made possible by the use of this very faculty. "If now by a perfectly legitimate and effective system of taxation we are incidentally able to possess the government and stockholders and the public wlUTknowledge of the real business transactions and the gains and profits of every corporation in the country, we have made a long step toward that supervisory control of corporations which may prevent a further abuse of power. "I recommend then first, the adoption of a joint resolution by two-tMrds of both nouses, proposing to the states an amendment to the constitution, granting to the federal government the right to levy and collect an income : : tax without apportionment among the states according to population; second, the enactment as part of the pending revenue measure, either as a substitute for or in addition to the inheritance tax of an excise tax upon all corporations, measured by 2 per cent of their net income. "WILLIAM H. TAFT." 'The White House, June 1, 1909."

Tbe eyeball to wait because the bleed vessels that feed Its substance re so small that tkey do Bet admit the ad corpuscles.

How's This?

We offer One Heeerea Dollars Reward for say ease of Catarrh that cannot be eared by Hall's Catarrh Care. F. J. CHJ8&ET CO. Toledo, a We. the undersigned, nave known F. J. Chafwer for the last II years, and boilers hint perfectly honorsate in all easiness transections, end ftnaaetslly able to carry oat say eMtajetlens made by bis firm. Weldta. Kteaen afsrvfa. Wholesale Dross-tots. Toledo, Ol HslTs Catarrh Cure Is taken Internally, acting directly open tho blood and mucous surfaces of the system. Testimonials sent free. Fries Tic per bottle. Sold br all rjrusratsts.

Puis xer

WAS SOCIAL EVENT

Beautiful Was Reception Given at Milton on Tuesday Evening.

WAS OF DOUBLE INTEREST

Milton, InL, June 17. One of the most pleasing of social events of the season was the reception given Tuesday evening by Messrs. and Mesdames Willard E. Williams and Ottus Orownover at the home of the former in honor of the son and brother, Homer Williams and bride. The event was made of double interest when it was known that it was . also placed upon that date in honor of the seventyeighth birthday of the grandmother of Homer Williams, Mrs. Emily Williams of Milton. On approaching Mr. Williams handsome home, North Central avenue, one might have imagined the scene to be one of Fairyland. The large, roomy porch ed was wreathed in Japanese lanterns that trembled in the evening breeze and dropped their glittering light upon the bevy of young people beneath. Nor was the scene less enchanting within where ISO guests were gracefully received by the Masters Oil ii Davis, James Crownover, and the little Misses Francis Crownover of Milton and Catherine Margedant of Hamilton, O., relatives of the groom and his bride, and who also acted as flower children In the' dining room in presenting the favors. In t he parlor the decorations were principally done in carnations and golden hearted daisies, the bride's colors being yellow and white. These in turn were relieved "by ferns, smllax and asparagus twining their green tendrils amid the white flowers. , Here it was that Mr. and Mrs. Homer William's received the congratulations of their guests, Mrs. Williams ' being taste-fully gowned in blue "satin over mesellne lining. To R. P. Lindsay belonged' the honor of kissing the bride. Passing from the parlors to the library tho eye was greeted' by the doo orations in white with a lovely center piece formed of Rhea Reid roses giving a tinge of red coloring to the room. Again passing from here into the punch- room one found the color red prevailing. Here the Misses Miriam Parkins, Marie El well, Dora and Edna Wallace presided in simple grace, alternating as maids of honor in the dining room, where the effect was delightful. The table was so decorated as to represent a field of daisies. The rosea was lighted by red shaded can delabra that cast a rosy flush over the

daintily gowned ladies and gentlemen.

in full evening dress. Favors were white carnations. Among the guests from out of town were Mrs. Imogene J. Price, mother of the bride, Mrs. Frank: Barton of Chicago, Mr. and Mrs. John Rogers. Mrs. Frank Weaver, Mrs. Margadant, son and daughter of Hamilton, O.. LaGrande Marvin of Frankfort, the Misses Elizabeth, and India Smelser, Mr. and Mrs. Albert Williams and family, Mr. and Mrs. John Thurman of Richmond, Miss Maude Griffin of CcranersviHe, Mr. and Mrs. Ray Thornburg of near Bentonvllle and Dr. and Mrs. Charles Kniese of Cambridge City. Mr, and Mrs. Homer Williams were married at Covington, Ky., September 19, 1908. Owing to the fact that Mr. Williams was a student at Pardue, the young couple decided to keep their secreC divulging it only to the immediate families. '. Mrs." Price, mother of the bride r recently announced the marriage of her daughter. Miss Jessie Jean Price of Hamilton, Ohio, to Homer Williams of Milton.

Take Hall's Family

Turtle Soup at Lew Wrede's 34 South 6th St iwt PALLADIUM WANT ADS. PAY.

BLACKMAIL CASE HASJIZZLED OUT No Development Results From Threatening Letter.

New Castle, Ind., June 17. It now appears nothing will result from the

Nathan Payne alleged blackmailing

case. Payne was instructed to depos

it a certain sum of money on a bridge

at a certain time, or be punished) by the burning of his barn and other

direful calamities. He turned the letter over to the authorities. The mon

ey was not deposited, the barn has

not been burned and it is expected

the entire affair will be allowed to go

by, although an attempt has been made to Interest the federal . authorities in the case. . ,

THE THEATER

THEATRICAL CALENDAR. NEW PHILLIPS. - " All Week High Class Vaudeville.

" The New Phillips.

So great has been . the demand for

good comedy in vaudeville in Richmond that the i New Phillips has booked another ! bill of comedy,' this

time to vary a little from the former

bills of comedy. Sidney Jerome and

company are appearing today in a good sketch, the second number is a novelty act and the third in importance, yet of great significance, is the

act put on by, the Aerial Marshalls,

very daring and very eccentric persons, who do not stop at anything that will possibly lead to their suc

cess. From the various places where these attractions have showed come

good reports and the bill promises to

draw here.

PLAN BOXING BOUTS

Boxing bouts are ' being scheduled for New Castle, the first to have been held last evening. But nothing like that goes in Richmond. SupL Staubach has said repeatedly when asked he will not stand for boxing contests either as exhibitions or for a purse. What the big chief says about such matters goes and local fans who have) been longing may keep on waiting.

Mabt Eixsir: Gold Medal Flour Is the Ins everythins.

for male-SABwys.

A teres laveice cf pyre-1 srspiiy d4s zzi sets fsst J received si : t

I EcaattANirs coca stcse J

Phillips Theatre

Vacsville HaH-Weelx Jane 17 LAST THREE DAYS Sidney Jerome & Co., Cc:3y SMcb 7-OTQEB PIS ACTS-7 Admission ICc To ell psits cl defceess

Entire cS cl

fjrsni LZcziCaya end

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MEefl Uses

niMSTf is highly

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Borax is the eosmctic-m-ebJef of ordinary toilets. One should never baths theJace in hard water; if a fair complexion is desired the water should be softened with a little Borax. A Vmlsah! TcHst EyrsbS? Powdered Borax used as follows will prove very beneficial to the complexion: Put an ounce of Powdered .Borax in a bottle, add a quart of water and the juice of two lemons whenever yon wash your face, hands and arms, put a teaspoonf ul of this lotion in the water its continued ass gives most excellent results.

Pure Boron BssH Fo? ffes To22il Gives wonderful results in all cases of skin . blemishes, such as Freckles, Pimply Skin. Shiny Face, Red Nose, Sanborn, Open Pores, etc

A Timely Caattoa .

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70 Years with Coughs and Colds We have had seventy veers of experience wKh Aycr Cherry Pectoral. That makes us have great confidante in it fzr coughs, colds, bronchitis, wetiiroandwcs!cfcC3. A&yccr own doctor what experience he has had with it He kaaws. Users advise you wisely. Keep in dose touch with him. jggTOt

rvn one y We loan money in sums of from $5 to $290, on household goods, pianos, teams, livestock, farming Implements and all ether personal property, without removal, giving you such time as you may desire in which to repay us, and . making your payments in such amounts and at such times, as may best suit you." ' ': " v.:'. EM, LnSTFsERJS We furthermore agree to loan you money at a rata which Is GUARANTEED TO BE LOWER than can be had of any similar concern in the city, none excepted. We offer vary , advantage to be' had of other concerns, and. to addtttofva lower rate than any. Does this sound good te yeu, Mr. - -' Dorr ewer? Then Investigate, and place your loan where ' your best Interests may be served.. Our agent wlCl jeaH at -your residence. If you desire, and fully aaplaia oar mat ; da.: Open Tuesday and Saturday nights. MMAMA (DH). . Phone 1M1. Third Floor Colonial Bids, Room , r . . RICHMOND, IND. ' '' : ; "