Show HErB HEPBURN'S URNS URN'S TRUST BILL Iowa Iora Congressman Proposes Proposes Proposes Pro Pro- poses Prohibitive Tax on oil Watered Stock W WASHINGTON Dec 4 Col Hepburn Hep Hep- burn the veteran Iowa Tomma Representative enta- enta tive thc has lag a plan for tor c curbing th the po power er erot of ot the trusts t that at Is different from anything anything any thing else along that line which has hils been advocated ted 1 by other enemies of ot the octopus His Hir plan templates templates-a- pro e tax ax on th the water watered d stock tock of oC c corporations this tax be levied d anti and collected d by the the machinery provided pro for the coll collection of th the Internal revenues revues rev rev- 5 ues of ot H He believes belIe this will annihilate that class of oC combinations com corn form formed d not for tor fhe he le legitimate purposes purposes of ot trade or oi- commerce but hut for forthe forthe or orthe the sole oll purpose purDOM of making mooney out of stock values And this Is exactly the form of ot trust that causes S all the evil declared Co Col Hepburn In discussing ln the subject As an example take Sir Mr Ir Morgans Morgan's steamship team merger What motive did Mr Morgan have In engineering this gigantic scheme chem If ir It were not for the thc great profit proUt he could derive not through the legitimate bu business of ot shipping but through h the Issuance of ot ottok stock tok ha based ed on the Lime combination If the matter were analyzed It would be found that tha t Mr r. Morgan Iorga n Is not posted or even cven Interested ted In the conditions governing o the actual of the navigation of ot the Atlantic ocean He as a a professional pro pro- promoter 5 see se eJ a a. chance to tomake tomake make mak a great Ireat combination on which a a. fabulous amount of or stock can ran b be Issued and sold Mid and through which Incidentally incidentally tally Mr 1 Morgan will reap an enormous enormous enor enor- profit profiL |