Show I The New York Journal thinks that I Senator Lodge is on the right track Iin his proposed tax on bond and stock transfers but the scheme needs to be perfected in its details before It can be considered entirely satisfactory in its operations I says that if some arrangement ar-rangement could be devised by which the tax could be approximately apportioned appor-tioned to the values of the stocks the injustice of the present plan would be corrected but there would still remain however the problem of preventing evasions and in view of the prevalence even now of the custom of leaving the nominal title to stocks with the brokers who handle them witnout formal transfers it is hard to see just how that difficulty is to be surmounted The New York Times takes the very opposite view and says that the proposition propo-sition to tax the issues of stocks and bonds 5 cents per 100 and transfers 2 cents per 100 is a petty matter It will cover but a small part of the deficit de-ficit provided for by the tarilt bill and it will prove vexatious in precisely the quarters in which the managers of the bill have heretofore found most difficulty dif-ficulty the mining states now eagerly waiting for a chance to float highly speculative enterprises And so i goes Let President McKSnley act s y the New York Journal All right nobody no-body is holding him |