Show REVENUE AGENT STIRS I LOCAL BUSINESS MEN Utah Sugar Sugar- Sugar Company Will Wil Fight Tax Assessment Made on Stock and Transfers Special Revenue Agent George H. H Whee lack is in the an inv Investigation of the large camm commercial Ical Institutions for far the purpose of determining determining determining deter deter- mining how haw many of the secretaries and other officers thereof are liable fa fathe for forthe forthe the revenue tax as stock brokers He has already recommended to Commissioner Commissioner Commis Commis- Yerkes at Washington that H. H G. G Whitney secretary of the Utah Sugar company campany be he assessed fo for the the past four faur years which is 50 30 per year real In addition additon to the 50 per cent penalty for far payment non or In all al that that Sir Mr 11 Whitney must pay Some Same of Those Affected In the rec recent nt big sugar stock stac deal deil nearly all al of the tle tle large stockholders bought baught more sta stock k for far the purpose se of selling it The The transactions probably make them all al liable lable to ta the tax and in inthe the list are President Joseph Jaseph F. F Smith Gov Wells Gen Charles S. S Burton Burton T. T R R. R Cutler Cuter T. T G. G W Webber and V. S. S I Other institutions are to ta be investigated gated and the special agent will wi probably probably ably make ake things inte interesting for far certain certain tam tain mining stock brokers brakers who wha are I said to be evading the law in several re re- re I 11 Mr Whitney Whiney proposes to ta light fight the case He said The revenue Inspector called cale at my office the the day after the r cent sale f of sugar stock was announced in the paper paper naper pa- pa na- na per for far the purpose of seeing whether the necessary revenue s stamps had been affixed to ta the canceled certificates He of course found faund that they had been In the course of his examination of the books he saw the numerous transfers transfers transfers trans trans- fers of stock stack which everyone In Salt Lake knows have been taking place In Inthe Inthe inthe the pas two or three years and I understand understand understand un un- un- un his ruling is that those thase who bought the stock stack even though they bought baught It for far themselves if they made any any profit out of it I are liable lable to ta be called caled on to ta pay ay a a. brokers broker's license of 50 a year a ruling seems seems to be absurd absurd It I would ma make e brokers brokers' of f several hundred hundred hundred hun hun- dred private persons merchants bankers bankers bank bank- ers cis clerks ladies as w well l as gentlemen and most mast of the officers of the campany company corn com pany who nave lave been showing their faith In the companS' companS by buying its is stock stack for far the past several years I am happy to ta say that I am one of f these and my only regret is that I ever sold said arty any To Ta say that this constitutes brokerage seems to ta me pr preposterous The re amount at Issue i is of course Insignificant an but I for forone one shall resist its payment as vigorously as I knawhaw know know- how haw |