Salt Lake Herald | 1899-05-08 | Page 5 | Hurts State Revenues

HURTS SPATE REVENUES 1T > Secretary Hammonds Objections to the War Tax Secretar of State Hammond is not favorably impressed with the workings of the war revenue law so far as it effects ef-fects the fees of his office The revenue stamps required to incorporate a company com-pany of 1000000 capital would cost J1500 and the secretarys fee would be 255 making the total cost S1755 To escape the federal tax companies are Incorporating as low as 5000 The i secretarys fee from an Incorporation of 25000 Is only 1125 and yet In spite of this the receipts of his office from this source are far In excess of all previous pre-vious records