Show LAKE TELEGRAM LARGE FORTUNES S DENOUNCED BY MANLEY Stringent Recommendations Made for Inheritance Inheritance Inheritance tance Tax Rates By Dy DEAN HALLIDAY CHICAGO Aug 17 Swollen 17 Swollen fortunes fortunes fortunes for for- tunes and their menace will wUl become a a. thins thing of or the past if It tho the recommendations recommendations of the Manley report on industrial conditions are acted upon by congress The report which has b been en forwarded forwarded forwarded for for- warded to congress only after aCter a long and bitter fight tight at tho the etar star chamber cham chain bet ber sessions of t the e Industrial relations re re- re- re lations commission makes stringent and revolutionary recommendations for inheritance tax rates rales Here is the way the Manlo Manley report report report re re- re- re port would abolish swollen fortunes and and huge hoards of Idle money By a tax of per pcr cent on bequests bequests bequests be be- quests to widows exceeding 1000 By a a. tax of at per cent on bequests bequests bequests be be- quests exceeding 00 to to husband husband hus hus- band ancestors and descendants By a tax of at per cent on bequests bequests bequests be be- quests quests' exceeding to other othor heirs The Tho employers and neutral factions factions factions fac fac- of at the commission refused to affirm this section of or the Manley report However the report which Prof John R R. Commons Is filing on behalf behalf be be- half halt of at himself and Mrs J. J Borden Harriman New York society woman woman wom worn an is said saIl to have hao what they consider consider con coil sider aider radical Inheritance tax rates but It Is not believed that their check rein figures are nearly nearh so high as those contained in the Man ley Icy report I The employers report drafted by hy Harris also considers the problem but it Is believed only in a lukewarm wa way On the subject of at estates to widows It Is understood the Manley report exempts places a tax of ot 1 per cent on the first additional additional additional addi addi- and then adds adda 1 I per percent percent percent cent to the rate rato for tor each additional A estate would therefore carry a 4 per cent tax on of oC the bequest Bequests made to a husband or orto orto orto to ancestors and descendants would be allowed exempt and would carry a a 1 per cent tax on each additional the rate rale compounding compounding com corn pounding as it grows larger On estates bequeathed to others 1000 is exempted and each additional additional additional addi addi- 1000 carries a per cent tax IN KENTUCKY A grocery boy dr drove e up a street one Augut AUgURt afternoons In a n hackwood Kentucky Ken tuck town After making a delivery try ery cr he ran out to leap heap on his wagon when he found one of the tho village loafers loaf ers Irl rs holding a match against the tho wheel of Df hi his wagon What are you jou OU up to Sot Sol asked the grocery grocer bo boy S 'S i nil alt rl right ht yawned tho the loaf Ion for r Im waltin till jer yer er wa gln starts and strikes this match for me |