Show i I Oil jil Producer Willing Willingto to Pay Uncle Sam Barn Henry L L Doherty president of or Ci C Service company compan as chairman of or committee on taxation of the nati naU A petroleum war service committee I Issued Issue a a statement voicing the option op lion tion of or oil 01 producers to the of the revenue re bill bin now pending In ir United States Senate which pl heavy tax tac upon prospectors who be lucky enough h to discover ver ol oil 01 new districts says ays tho the Denver Denvor N 1 Such tax it I is argued In the s' s mente will wil place an effectual ba ha oil 01 prospecting detrimental both tho the oil 01 Industry and tho the go which Is asking a large laro oil oU product In n effect it is state stated the new J sure If it m made e law would crest creat rule rull that tho the oil oU prospector lose losta It If his venture proves a n failure bo be taxed So per pea cent If I It is Tho oil producer says tho the s et 01 ment mente asks only that ho lie be sIlo allo alo to deduct from his gross gros income a a fund funtI to either find or er buy serve e stocks of or oil 01 in tho the ground to lo that which ho withdraws raws du evor every taxable year car In other tf w iv he lie is willing to pay a tax on dung ln his raw material to t o where ho he markets It I. I and that h ho be not compelled to lesser less property holdings and pa pay 80 peT per t of ot the value of o that to tho the goY go meat f Per Pcr share Amt pal paid Tot 1918 1918 to d 10 20 0 72 32 10 0 03 13 30 0 t O 09 54 06 Or 37 01 l 15 e 10 1 17 1 70 t 25 10 1 2 1334 7 O Oi 07 S |