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Show SOUTH CACHE COURIER. HYRUM, UTAH taxes only 0 per cent, of her war expenditures. During the third year new HOW SHALL WE - - - T'u tax on whisky mid tobacco C4) ought to remain approximately ns it is, with n yield of about $230,000,000. r and above the These three taxes, together with the slightly more than 17 stamp tnx at even the low rnte of the war expenses. nouse hill, and with an improved auIf we should attempt to do as much tomobile tax, will yield over in the first year of the war as Great which Is the amount of money Britain did in the third year It would thought desirable. suffice to raise by taxation $1,250,000, The above program would he in har000. If, in order to be absolutely on mony with an approved scientific systhe safe side, it seemed advisable to tem. It will do away with almost all increase the sum to $1,500,000,000, this of the complaints that are jieing urged should, in our opinion, be the against he present. It will refrain from taxing the consumption of the In considering the apportionment o. poor. It will throw a far burden the extraordinary burden of taxes In war times certain scientific principles upon the rich, but will not go to the extremes of confiscation. It will obare definitely established: viate Interference with business and How Taxes Should Be Apportioned. will keep unimpaired the social pro(1) The burden of taxes must be of the community. " ductivity spread as far as possible over the bewill establish a just It whole community so as to each tween loans and taxes and wbl not individual to share In the sacrifices acsuccumb to the danger of approaching cording to his ability to pay and ac- either the y policy or the cording to his share in the Government. Above all. it will keep policy. (2) Taxes on consumption, which are an undisturbed elastic margin, which necessarily borne by the community at must bo more and more heavily-drawlarge, should be imposed as far us pos- upon as the war proceed--- .. sible of rather than on those of necessity. (3) Excises should be imposed as far as possible upon .commodities in the DELINQUENT NOTICE. hands of the final consumer rather There is" delinquent upon the than upon the articles which serve primarily as raw material for further following described stock, on account of assessment Iso- 1 of production. Taxes be 20 per cent per share, levied on business should (4) Upon imposed as far as possible upon net the 1st day of June, 1917, the earnings rather than upon gross re- several amounts set opposite the ceipts or capital invested. , names of the respective stock(5) Taxes upon income which will holders, as follows: necessarily' be severe should be both No. Shares Amt. Name differentiated and graduated. That is, there should be a distinction between Clara Williams 2 140.001 earned and unearned incomes and there ohn Jensen 1 20.00 should be a higher rate upon the larger O. E. Petsrsen 3 00.00 incomes. It is essential, however, not 1 Nielsen 20.00 to make the income rate so excessive lenry 1 Christensen Chris. 20.00 as to lead to evasion, administrative C- Nielsen 2 Leo 40.00 difficulties, or to the more fundamental 4 A. Petersen. J. 80.00 which have been urged abjections she levied by additional taxes (over level) only per cent, of her pre-wa- PAY FOR I. THE WAR? $1,250,-000,00- f Criticism on ttia j constructive House Revenue Gii. loans better than taxes 0, -- Five Reason Why Excessive Taxes at the Outset of War Are Disadvantageous-G- Britain reat of Emulation How S Apportioned. Example Worthy the Taxes Should , ca-,s- e tax-onl- y By EDWIN R. A. SELIGMAN, McVIckar Professor of Political Economy, Columbia University. On flay 23, 1917, the House of Rep resentatives passed an act "to provide revenue to defray war expenses and In the original for other purposes. bill as presented by the Committee of Ways and Means, the additional revenue to be derived was estimated at The amendment to the in come tax. which was tacked on to the bill during the discussion In the House, was expected to yield another $40,000.-00or $50,000,000. discussing the House bill, two problems arise: I. How much should be raised by taxation? II. In .what manner should this sum be raised? I. How Much Should Be Raised by In Taxation? .flow was the tigtrfe of $1,800,000,000 arrived at? The answer is dimple. When the Secretary of the Treasury came to estimate the additional war expenses he calculated that for the year they 'Would amount to some of which $3,000,000,000 was to (e allotted to the allies, aud $3,000 000.000 was to be utilized for the do most ic purposes. Thinking That it would he a fair, proposition to divide this latter sum between loans and taxes, he concluded that the amount to he raised by taxes was $1,800,000 1917-18- . $0,000.-000.000- , ouo. There are two extreme theories, each of which may he dismissed with scant courtesy. The oue is that all war ex penditures should he defrayed by loans, and the other is that all war expendi fares should be defrayed by taxes Each theory is untenable. it is indeed true that the burdeus of the war should he borne by tbe present rather than the future generation; but this does not mean that they should he borne Jb.v this years taxation. Meeting all war expenses by taxation makes the taxpayers lnone or two years bear the burden of benefits that ought to be distributed at least over a decade within the same generation. In the second place, when expendi tures approach the gigantic sums of present-dawarfare, the pol icy would require more than the total surplus of social income. Were this absolutely necessary, the ensuing havoc iii the economic life of the communist.V would have to be endured. But where the disasters are so great and at the same time so unnecessary, the policy may be declared im practicable. Secretary McAdoo had the right in stinet and highly commendable courage in deciding that a substantial por tion, at least, of the revenues should he derived from taxation. But when lie hit upon the plan of per cent that is. of raising f of nil do mestic war expenditures by taxes, tlic question arises whether he did not go too far. 'Hie relative proportion of loans to taxes is after all a purely, business Not to rely to a large ex proposition. tent on loans at the outset of a war is ft mistake.' Disadvantages of Excessive Taxes, The disadvantages of excessive taxes t the outset of the war are as follows 1. Excessive taxes on consumption will cause popular resentment. 2. Excessive taxes on industry will disarrange business.; damp enthusiasm and restrict the spirit of enterprise at the very time when the opposite is . tax-onl- y y tax-onl- y 50-5- 0 one-hal- needed. ' 3. Excessive taxes on incomes will de plete the surplus available for invest tuents and interfere xvith the placing of ibe enormous loans vf hich will be neefes sary in any event. 4. Excessive' taxes on wealth will cause a serious, diminution of the incomes which are at present largely drawn upon for the support of educational and philanthropic' enterprises. Moreover, these sources of support would be dried up precisely at the time when the need would be greatest 5. Excessive taxation at tha outsat of the war will reduco the elasticity available for the increasing demands that art soon to corriq. Great Britain's Policy. Take Great Britain as an example. During the first year of the war she increased taxes only slightly, in , order to keep industries going at top notch. During the second year she raised by; s Travel Joys loan-onl- to those who have the money to make leisurely trips.. Why dont you plan to see something of the country this quasi-luxur- y - year? 'Its mighty good country to get acquainted with! i , Travel Savings Account a Start ' ' With Us This Week - Willard Petersen The excess profits which are due Alfred Fallows above. 1 (G) 1 1 the war constitute the most obvious and reasonable" source of revenue dupAnd in accordance with the ing war times. But the principle upon taxes are laid aw and an order of the board of which these must be equitable in theory and easily directors made- on the 25th dajT of . calculable in practice. Ala, 1917, so many shares or par cel of said stock as may be neces-The Proposed Income Tax. The additional income tax as passed sary will be sold at public auction by the House runs up to a rate of GG at the companys place of busi per cent. This is a sum unheard of in ness, Elite Hall Hyrum, Utah, on! the history of civilized society. It must the 10th 'day of July, 1917, at 3 be remembered that it was only after oclock p. m. of said day, to pay the first year of the war that Great the delinquent "assessment, to-Britain increased her income tax to the maximum of 34 per 9ent., and that gether with "ebsf. f , advertising even now in the fourth year of the war and expense of sale. H. W. Oares, Secretary. the income tax does not exceed 42 per cent. It could easily be shown that a tax with rates on moderate incomes substantially less than in Great Britain, and on the larger incomes about as Call on W. H. James, or he will high, would yield only slightly less than deliver it t" your door. Deliveries the $532,000,000 originally estimated in made Is also preother day. every the House bill. It is to be hoped that the Senate will pared to deliver ice at Wellsville if reduce the total rate on the highest in- desired. Call at his residence on comes to 34 per cent, or at most to 40 corner of 1st North and 2nd West, per cent, and that at the same time it Adv? will reduce the rate on th,e smaller in- tlyrum. or comes derived from personal profes slonal earnings. FOR SALE 2 good city lots on If the war continues we shall have to See terms. Robert reasonable depend more and ' more upon the in come tax. By imposing excessive rates Baxter, Hyrum. now we are not only endangering the future, but Are inviting all manner of difficulties which even Great Britain MAGAZlflEl has been- able to escape. ir Conclusion. The House bill contains other funda mental defects which may bq summec up as follows : (1) It pursues an erroneous principle in imposing retroactive taxes. (2) It selects an unjust and unwork s tax able criterion for tbe (3) It proceeds to an unheard-o- f height in tbe income tax. ' (4) It imposes unwarranted burdens I Women Tell Why They upon the consumption of the commu Love This Magazine 1 . nity. 1 From Fashion to Fiction, it is Pv (5) It is calculated to throw business preme"' writes Mrs. J. II., of New York. f,r "Of all the mnpir nes I havo ever taken V. into confusion by levying taxes on gross 1s road. I like MeCALh'H best," writes Mr. I lunr.r-such It has helpful California. of W instead of upon commodities. receipts hold suggestions, good, clean, bright ule and is a very conveirc tit size tomehandle. (6) It Jails to make a proper use of lar mole than Rpcoiid copy I reccvetl saved year's subs, r., Von.'5 enough to pay forof a Texas. stamp taxes. "X cannot teH writes Mrs. A. J.. (7) It follows an unscientific systefn vou all that it means to raoi write a Son-I Carolina I hare takes Mel AI.I. subscriber. in its flat rate on imports. since I was marr eil ami my does now g s magazine nl0tiier took it for years before andnow (8) It includes a multiplicity of petU.sli I I bo to it for every neci' Every husband I says: learn, or my 'help' the vexatious and unlucrative taxes, I prepare, ty r" l. McCALL from You must have gotten that could not do without It. g ness of which is out of all proportion to 1 aud he is right. Fashion Authority for 45 Yrarn the revenue they produce. i1 AMoreRecognized Fashion Other Macazic Subsciibers Than Any 70th year and ptll support ''"I am in my the best an.' I like 1 myself. tug on which the The fundamental lines dressmaking since I sas 2i. 1 have been .1.. of Connecticut. "From SI. Ij. Sirs. writes House bill should be modified are sumits dressmaking lessons and its simple havo to learned I my si patterns, med up herewith: 1 family neatly aud slvl'shly," writes Sirs, ft worked "Our has amount new of fam'ly taxation SI of Kentucky. (1) The tor you (very year hut two s' nee your mata-of Nebraska. should be limited to $1,250,000,000 or wr'tes SI'ss r,'ne started am a iliessmal.er and never use anv other at the outset to $1,500,000,000. To do nev--r I and luv SlcC.tT.IB, but patterns trouble In giving perfect1 satisfaot'nn,1 more than this would be as unwise as s- anv "The most wr'tes Sirs. B of Indiana. Your it- - is unnecessary. To do even this lanio book on fashions. a few U.i:'a.. has earned u or ever Sirs. more than has C., Oregon. would be to do I for me,11 writes 25 Cents Only Trial Subscription. Six Months been done by ajiy civilized GovernCOMPANY t McCALL Addr-THE ! ment in time of stress. New York City, N. Y. 70S McCall Bid!;. I s based excess-profittax upon (2) The a sound system ought to yield about I of ' to Hyrum State Bank 20.00 20.00 20.00 war-prof- it t A MCE, COOL SUMMUER DRINK We Serve Plenty of Ice Cream Sodas 1 And all Kinds of Sweets. The High Cost of Living Prices we Have Kept Down. Mo Raise on Ice Cream Dishes. Our Prices on Vanila and Strawberry: . If You Need Ice 1 pint, 25c AVe fv ALLGAIER CANDY GO. !n- - dr-- ss , f Hy rum. 'iV f f RUNNING UP A BIG LUMBER BILL is rmighty easy if you dont watch out. You can easily buy the wrong lumber, easily buy too much 'of it. Give us your lumber order and well give you our advice. We tell just exactly the kind of lumber you require .and exactly how little it will take to do the job. Can we sell you lumber on that basis? i ruc-llv- t gal., $1.35. RESPECTFULLY, jj - 1 In This Hot Weather a Malted Milk for io cents While You Eat and Listen to tlTe Victrola. - X quart, 45e. Have Just Installed an Electric Malted Milk Mixer Which will Make our Fountain excess-profit- r- 1 2 gal. or more$1.15 per gallon. Ice Cream Bricks, 60c. Maple Nut, per gal. $1.50. - ( ' GO TO ALLGAIERS FOR 1 We carry a Complete Line of Screen Doors Smith Bros. Lumber Co. LOGAN AND HYRUM, UTAH. I XI.- -s , Subscribe For Fancy-Wit- !: (Ut't-- $500,000,000. . . ought to be revised with a lowering of the rates on earned Incomes below $10,000, and. with an analogous lowering of the rates on tbe higher Incomes, so as not to exceed 84 per cent. A careful calculation shows that an income tax of (3) The lncome-taxuschedu- le this kind would yield some $450,000, 000 addlUonal - . To Women FREE!Sample Who Sew! L.,y MAGAZINE and itnferctice Pattern Catalogue" FllEl? on request. "Fam-y-To Fancy Nectlleworkersl with new designs and lessons lit Work Kook stamp, s Embro'dery Stitches. FREE100for00 Given to Workers! any s Thureh-Ftm.'-A k Tor MeG ALLS 'MOO churches hv Indorsed 1Uitt. Kalituig Ask for S and Chib - Ralxors! 1 To Ao-n- ts 1 MrCAT.L'.S tine h'n "BOOK OF GIFTS" Mid -- 4. 1 The, South Cache' Courier "li-ad- ; s - I 3 iiiiuiimpth s $1800.00 CASH ontl Girls! Bicycles and hundreds 'to V to fir r AWAY, ,f "her ITws GIVEN and tt rl,. l.S 'Grand Oltui- jo JOB PRINTING ! i L ,, ..nil rwi!r!ir::i',:,n ,:'i:!i!:,::t iiiiiiu - AT THIS OFFICE ..i . ! ' |