Show Bifi PROBLEM fOR W H I Aft Next President Must Provide 1 Some Adequate Me Means ns to for Ex Replenish Treasury i of the Government INCOME TAX IS POSSIBLE ANSWER Large Proportion of Skilled Lawyers Appointed to Cabinet Cabinet Cabinet Cabi Cabi- net Indicate Strict Commerce Regulation IMPORTANT CONFERENCES I O OHi M 4 f H t M f 4 M t f M t t H t M I t M t t M t HO HOf tc f 4 New v cw York Feb ch 21 Tt It It became 4 f known today roon n after Mr H. H Tn Taft rt 4 hud arrIved In iii S New w York that he f Imil found that to reduce the 4 4 tariff ami and lit at the same raIse ralso ic 4 f I revenue re to support tho tHe 4 o It will be nry f 4 lor the time miners of or the Iho new tariff f next month to frame a national 4 f Inheritance tux us on ott all aU fortunes 44 4 4 above at n certain amount second second- md- md 4 4 1 to devise I c some t-ome new form of or 44 4 4 es u es upon Interstate commerce 4 and antI titled third If Ir tJ thes-c thes e tuxes taxes arc nrc round 44 4 4 a direct Income tax taxI 44 4 4 DIll may Duly 1 become c om omu u r 4 I o 4 3 4 M M MH 4 5 4 O At the beginning of hI his administration tion President Taft will be confronted by an unusually hard fiscal situation It is pointed out by persons with whom he has discussed the subject that even should It be practicable to tor r retrench tT appreciably the present cost of oC government ov enough could not he saved sa to make malto up the deficiency It 1 is hJ thes thea new now problems that havo caused Mr 11 Taft Tart to call to his i a I l lar larg f proportion of or skilled lawyers lawyer I than nJ nas characterized any cabinet lit iii recent times time He lie Is la said plaint plainly to havo o intimated his to give vitality I to existing statutes affecting the In Interstate Interstate Interstate In- In commerce which he regards as potentially sufficient for any end in v veW cw Should the Inheritance and Interstate Interstate Inter Inter- state ta tax tat be Imposed and nd the required d revenues not be produced I then It Is Ie stat stated d P Taft would Vorna f avor a or legislation mn for Cor or r la ye e ef J. J f Jt i a f aw against g re lut 0 of 1 i to tac enacted during the Cleveland Clove Cleve land hinted at t a tl way in which a j I v It iw covering point coula be mule made ring with leading men man from all prIm part of ot the country whom Judo Judge Taft s to meet here hI his Inauguration it U Is known that he twill unhesitatingly and frankly point out outto outto outto to them the the- threatening situation h hs h. will face as President an and urge earn earn- I i j 1 I j I I i estly eally upon them uncomplaining acquiescence acquiescence acquiescence ac ac- ac- ac quiescence In illS hIs severn several schemes of ot revenue re Cabinet t lo io Date As Mr Ir Tafts Taft's mind at tho the moment Is known to lean strongly toward Judge Vande for tor the treasury portfolio well In formed persons have thus made mado up his cabinet Secretary of or state state Philander Philander er O. O ln x of Pennsylvania Secretary of or the treasury WillIs treasury of ot Wyoming Jacob M. M Dickinson Dickin Dickin- Secretary of war war Jacob son of or Tennessee Postmaster general Jeneral I general Frank rank Frank IL H. Hitchcock Hitch Hitch- Hitchcock cock of Massachusetts Attorney general George general G Georgo orso S. S WIckersham Wick- Wick Graham of or New York Secretary of or the Interior Interior n. R. R A A. A Dab Bal linger of ot Washington Secretary of the navy navy George George I. I L. L Von Van Meyer of Massachusetts Secretary of agriculture James agriculture James Wilson Wil son eon of Iowa Jaws and labor labor- labor labor- secretary of ot commerce Charles Na Nagle le o of oC Missouri l Knox and Meyer will Jola joia the President elect here hore tomorrow Ex Myron T T. HerrIck of at Ohio was eliminated for tor the treasury portfolio during a conference he ha ha had with the President elect today Following Following Fol Fol- lowing the conference this statement was given gUen out At the Invitation of the President President- elect Governor Herrick called on Mr Taft Tart today Mr Taft Tart authorized the statement that the mention of or Mr Herrich Herrick Her Her- rick rich for tor the portfolio of ot treasury as ns h he had bad not been a canIdate did him a areat treat great reat Injustice because Mr tIr wrote Mr Taft Toft as aa early as December last to any that his hi business en engagements engagements engage engage- aKe- aKe ments menU were such uch aa as to prevent his ac acceptanCe acceptance BC- BC of a place In tho the cabinet |