Salt Lake Tribune | 1918-12-12 | Page 7 | Bankers Object to Tax Law Measures

BANKERS : OBJECT TO TAX LAW MEASURES ATLANTIC CITY, N. J.. Dec. 11. Resolutions protesting -against tax law measures pending, in congress were f' adopted by the' National Investment Bankers' "association at the closing session ses-sion of Its annual convention here today. "Western delegates Svere urged to stop in Washington on their way home and discuss dis-cuss the subject with United States senators sen-ators and representatives. Reporting for the 'foreign securities committee, ThomaS W. Lamont of New-York New-York said that, nt?xt to Great Britain, America has taken its place as the great- fst creditor nation cf the world. "Before "tUe war," he said, V America's indebted-ness indebted-ness abroad was approximately $4,000,-000.000. $4,000,-000.000. Within a year after the war began be-gan America began .to buy back her foreign for-eign securities, and as I figure it today she has repurchased about three-fourths of the total."