Show ij MELLON PENS OPEN TO CONGRESS Secretary Disregards Challenge to Debate Tax Plan e Jan 26 Republican house members member were a proposal today to draft dratt a tax bill of their own the Mellon plan as a basis buls Sec Secretary rotary M Mellon renewed his defense or of his proposals proposal In mother nother open letter to Senator tor Coupens Republican lican n Michigan In his lout last letter leUI to the secre- secre tary tary tar the Michigan an senator had cIte cIte- chal longed lons-ed Mr to tell the noun coun country ti- ti try tl what effect the Mellon M llon plan would have on his hia own personal taxes The secretary's repTy did not mention that subject howo er but Instead again acIn Inquired whether the present high hl h surtax rates rate had hadnot hadnot hadnot not Impelled Mr to n invest est eat esta eata a lorg large part of hi his weal wealth h In tax I exempt securities I RIH n I I Mr Mellon also disregarded S Senator Couzens challenge clia to a joint debat debate on the plan Your case caso la s not unique wRote 1 ote the secretary There are arc meo other m men In similar situations In your case caso Is of ot Interest solely as asan asan asan an Illustration Mr Million MeLlon emphatically denied he hid abandoned his proposition that hIgh surtaxes wore ero loss IMS productive Mr Coupens statement statement to that effect the th 1 ne sec C secretary rotary td semd to bo be a condu u skin arrived at by some Homo unique 1 process of reasoning which the treasury bead found himself on- on un unable able to to- understand RAILROAD NEEDS MEEDS You Tou try to answer wel the rail railroads roads need for Cor stock lock Investments the the letter went on on by the tho usual political diatribe against t them The Tho i Thoi question is 1 I Can Gan they obtain the capital which is I- required to meet the tho count country's needs and this tIc tIc- de depends I penda u upon on what they can offer Investors vectors Under The lh present surtaxes and It I Is they which have been bun the Con con- con continuous subject of oC our correspond correspondence po once ence a Il 6 f per pr cent stock nets th the small 1 Income 8 6 1 per el cent It nets the large larr only s a per vel cent That Is I what I 1 meant ment by Inadequacy of return and It Its correction lie lies In lowering of o surtax nt ate |