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Show STATE GETS A HUGE TAX SUM Mrs. Mary W. Harriman Writes Check For $798,546.86 As Inheritance Tax EXCEEDS LARGE8T INHERITANCE , TAX PAYMENT ON RECORD-MAY RECORD-MAY BE U8ED FOR STATE CAPITOL BUILDING. Salt Lake City, March 10. With oi.e etroko of the pen, Mrs. Mary W. Harriman, Har-riman, widow of Edward H. Harriman and executrix of his $100,000,000 estate es-tate has Jiist glnn to tho state of Utah n check for ?798,n4t3 S3, a sum of money almoct equal to tho annual revenue ofthe ntats, and by $100,000 tho largest inhprUanso tax payment on record. Tho money comes by lr-tue lr-tue of. .tho.. Utah Inheritance tax law and through tho efforts of Atornej General Albort .'t. Barnes, the $10,-000,000 $10,-000,000 Harrimait holding in tho Un-ion Un-ion Pacific railroad, a Umh corpora-t'.on, corpora-t'.on, were ferreted out, with tho result that a check tor Utah's share, nearly eight hundred thousand dollars, s row In tho hands . f State Treasurer David Mattson, to whom it was made payable. Tho attorney general bns spent months of hnrd and persevering effort to get this trennadoui sum for Otah, and while tho law declares that the Inheritance tax shall bo paid wltlln fifteen months after death, attorneja for tho estate contested every moans known to them, until Mrs. Harriman, Har-riman, seeing tho Justice of tho claim, arow a check for tho nmoun: due. Tho only concession mado was (he elimination elim-ination of tho oaymont of Interest pro yided by law when tho inherltaicu tax Is not paid within tho fifteen months' limit. Utah falls heir to a sum of money that lacks but $200,000 of equaling Its annual Income from ordinary sources through tho merj fn:t that th-i Union Pacific Railroad company Is Incorporated Incorpor-ated under the laws of Utah. Every block of stock In excess of $10,000 is subject to a tax of five per cent under the stato Inheritance tax, whether the holder be resident or non-resident. This Is tho first time tho law has been mado to apply to a non-resident of any note, and it marks a precedent for tho futuro which will, if followed, insure millions of dollars additional rovenuo to tho stato. Not only tho Union Pacific Pa-cific and the lines It Includes, but tho Denver &- Rio Grande railroad is In corporated under tho Utah law,and with tho death of any largo stockholder stockhold-er in either concern this stato will reap Its fivo per cent. Use It For State Capitol. A concerted nttempt, backed by Governor Spry and othors, will bo mado today to have tho legislature railroad a measure appropriating nearly near-ly the entire amount In n lump sum towards tho building of the stato rap-Itol. rap-Itol. This will placo nearly nt of the entire cost of tho cnpltolnt Immediate Im-mediate disposal and will :lo away with tho necessity of issuing bonds for several years. " ', Tho check bearing tho Indorsement of Stato Treasurer .David Malison, is now enroute- to Now York for payment, pay-ment, and the total amount It calls for will bo on deposit in local banks to the credit of tho stato within a fow days. "The placing of moro than three-quarters three-quarters of a million dollars In- a lump sum into the local financial market mar-ket means Incalculable good to Salt Lake at his season of tho. year, when banking deposits and- clearings nro usually at lowest ebb. That impetus to all lines of industrial activity will take immediate- effect was tho assertion asser-tion of several prominent in on when npprlsed last night of Utah's fortunate windfall. |