Show I II I I 11 HE Jl- Jl Jlii ii C Ar 0 AX f t II Editor n Your newspaper neW I Its is ts working for tor the best interests o oi Utah in tn e editorially opposing the thc taxIng taxIng taxIng tax- tax I Ing of corporations for fOl doing oin In the time state a state a program which your i I last legislature Inaugurated and CIU which policy Is 1 I understand now ilOw before tho the courts on n complaint t of ur some sume of th the at- at mining and other companies Experience e with the corporation tax I schemes ii in other states has proven exceedingly disastrous to them then Cob Colo Colorado rado radu J led In lii this kind of ot crusade against corporate activity about ten years ago 1 Time The result is that it is almost Impossible Impossible impoSsible sible for fo Or the tha th citizens of that commonwealth common wealth to obtain foreign n capital for fOl fOlle development de tie- eat enterprises during the last six ix years cars Texas lems has bias tried the same scheme aid driven en out of its domains Innumerable rable corporations which maintain maintAin main main- tain lain offices in other states s send agents In Into to Texas and get much business anti and deprive c cities of Texas of the money which formerly was c expended In such cuch centers of ur population for rents em em- etc In pursuing corporation tax policies I Los Angeles Angelas n elce has bias dealt itself a a. blow which time tiie th v. v ill show to have hn been must most disastrous to ime x ht interests All 4 the West cst needs development t capital and none non of the Western or vi Southern states can camm afford to lo impose special penalties upon capital that mn may come into these commonwealths beyond Imposition of such taxes as us aro aru l levied under tilt thu constitution upon all classes of property prop alike alilce c. c Utah of ot nil all the states needs ls millions of or nC new c capital fur for development tle enter enter- Irises It will stay out however Inthe in inthe inthe the face race of or signs sigm that the p peoples people's 8 leg leg- leg legislators are inclined to tax each corporation cor COl blond the time limits of general taxes tI paid by y private ate Individuals As 9 s proven pro in man many counties of ar va various various va- va n the th rious states containing large cities solution of ot the tax question rests in inthe time the taxing of ot vacant real estate at tho the thos s amo caine rate levied lu upon improved realty adjoining said vacant property Los Angeles could coul have e easily Increased her bier revenues by b this t 18 method to tho time point she shu lie is striving to reach Where here it has been tried the system I m mention re resulted re- re J In lii time the improvement of the vacant va LL vacant va- va cant property pro ert so su that it would yield a revenue rc to owners who could not atford af afford at- at ford tort to hold vacant land when taxes were tho the tho same SL as contiguous OJ ground covered by bull buildings It If Utah needs more money mone for state c expenses pens s It can easily rall raise u th the same im In plenitude e by imposing a a. bullion tax tux similar to tu that of California and Ne No- ea e- e a vada n. n Mine owners In iii those commonwealths commonwealths commonwealths common common- do not find the time bullion Lullion taxes toes burdensome in tho the least neither would owners of ot Utah tah Iro producing mines mimics s They arc are matured industries a. a the tax falls fails lightly on an each and m yet ct in tho the aggregate would bo be far gate the states state's revenues re o more marc than will over o be pOI possible to col collect oi- oi let lect through th the taxation of young weak and amid ol old and rich corporations alike The Injustice of this latter system tom tern exists In requiring time the young younA weak I corporation to o pay nay tho 1 tamo as 06 the 1 st strong ng developed elop e d and pa paying ln corporative corporative corpora corpora- tive tI investment I The rime Utah Ulah farmers farmer's lands lan s are arc heavily taxed In accordance with their productive productive pro pro- values but producing mines aro are not for various reasons paying their just quota of the states state's s 's expenses If time the state Is producing when normal conditions pre pre all all financially an au ag- ag of or in Iii bullion lead lea g- g gold silver an and copper the tho m re levying of one-half one of one ono p per pur r cent tax tux on tills this yield iel annually would gl a the thc state treasury In excess of ot its present lC resources Therefore 1 conclude that inasmuch as lS a 0 bullion tax would not drive capital capi capi- tal tul out nor frighten away from us prospective investments In fn mines s abolish the ill advised special corporation corporation corporation corpora corpora- tion tax and adopt tho the more mol commonSense common- common Sense system mentioned m before any further 1 shall have Ita been inflict inflict- inflicted ed through h th time the errors nO now 1 threatening the State stute irretrievably r LENNOX |