Ogden Standard-Examiner | 1926-02-01 | Page 1 | Mine Industry Seeking Relief

I MINE MINE IN INDUSTRY SEE lUNG RELIEF Taxed to Extinction Statement Extinction Statement M Made le Br B BM M Congress Congles WASHINGTON WASI Fell Feb Ieh i-cn i 1 fly Tire he Associated Tho Pres Press The mm- mm min mining ing lug industry of the of-the the United States I being taxed ro o xU In and its lis net profit Is la materially IJ V lo that of oC agriculture the Iho commit commit- committee committee tee ot the tire American Mm- Mm MIn Irs congress declared today loday In Ii a statement A art act t profit of ot on only I pir lr cent of ot the gross receipts Is 19 r realized by the tire ruining milling industry after It pays as a's its lis taxes th the state state- statement statement ment asserted bile whIlo the funnier has netted 46 per cent celt banking I 10 per cent and transportation ii 11 per cent The statement winch was wa dc dc- dc 1 to answer all alleging gln tire n wining mining industry had been escaping Its share hare of ta taxation atlon because of ot depletion depiction contended that maintenance ot of a reserve based on time the statute of disorganized mines mimics represents represents- a sound financial principle la is ec an-ec An necessity iK to or of the industry an and l Its recognition t n Inthe In Inthe inthe the federal tax tax laws Is fully justi justified tied fied