Show KER SAYS COME LEVY r IS TOO LARGE H. H Kahn Kalin Declares Tax iw 1 at Present Is Defeating Defeating Defeat Defeat- ing Own Ends York Jan 13 TIO Revision of oC the Hie I 1 income tax law lO 10 bring the within the bounds of moderation Ifford relief relict n n the tho present cr croC o of oC mic disturbances was urged in here tonight uy y Otto IL II r New v York ban banker leer th Ti rn nn r relations i Mr tr j. j Kahn h lv d declared fa d the thIef thle factors actors In upsetting upsetting- pres- pres lay ay economics were the tho worlds world's mil ti 1 for Americas America's r raw w materials manufactured articles inflation faulty aulty taxation The worlds world's defor de- de for tor Americas America's materials nn anti and Will slacken gradually he said sirL cure for tor inflation Is a slow pro- pro but it the remedy for faulty taxi tax- tax i c cnn can n be secured at nt once whenever leases eases Congress and the adminis- adminis lon on to seek that remedy and alIg ap- ap It t Ig an Ln extreme instance in which I Irson in the highest taxable class id d 11 have ve to make nearly nearh 17 per cent Ja corporate security or o- oIn in his bin bin- Ito tet et the same return he would vo ye by in a tax tat tree free mua mu- mu a nl state or federal bond lond Mr Kahn ed these conclusions t nond c bond foreign or domestic can canete etc ete with the attractiveness of ot t tax tx x Pt bonds to those in possession of or ofes es fJ of or any considerable size lo o. o owners of oC medium Ni sized ed or large es Cs have gone crono on strike as far flu a atin UK as UKA tin A in corporate securities I 1 Is mcd thus greatly diminishing the Hie of or funds available for bate r i rises i he e American investment market th time Ume being has been largely larg Ye the shrinkage e In the the- value alue IsUn corporate bonds bond which is iR cst extent attributable to income tax amounts to billions of firs AIS the free flow loW of or capital and normal working of the tho inv investment et arc are absolutely basic elements every levery kind hind Ind of trade and industry we cannot have a return to normal of ot trade prices etc until Investment market will have o como come hin Mn measurable distance at least ot of mal Rial conditions which is impossible pug as our present Income tax reus' reus re- re es us' in force toce ff ion m-ion GIn Plan ir George or rc Paish British economist Lared that the world situation deide dc- dc ida ide that America shall sell her ducts for securities of ot unquestioned Ie e. e Phe h security which would fInd the greatest favor a or in the ted led States as well as as In other coun- coun t. t p ho he said would be bc a 11 bond free Cree ill taxes both in the United States tin In all 1111 other countries and treat reat value for Tor tho the purpose of or Inter Inter- lonal ional payment At what rate of int in in- I t such bonds would have hae to be beed led ed can be gained only by 2 but bUl but it is ef evident ent that a league lations bond bon interest and principal which was guaranteed g by eYeT every aber 0 of the lea ue would be the set t. t security that could be bo issued Issue would assure to American payment their junta At the present moment the insecurity for the American credits ted Is the purchaser and the sello sell- sell o of tim tho goods |